The PriceBob Strategy

Quoting vidvad

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{quote} You are the problem. You are the solution. I doubt you'd take anyone's suggestions but your own at this point, but your posts indicate a high level of desperation. You could benefit from this thread as has Batavia, Belgrath, giga, myself, turnip, Blue, and others. But not in your current state of mind. If I were you, I'd turn off my charts, log out of FF and FTMO and forget all about trading until August 1, and then come back, hopefully with a mind that is calmer and possibly a bit more open to the changes you need to make to yourself....

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Quoting Noisy

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DAX MeBob today. Unfortunately, I missed it, but I count it as a win for my forward test of the current trading plan. As vidvad already said, you shouldn't pay attention to FOMO, but I still wonder if a rigid 1:1 risk/ratio makes sense (or even a negative of 1:0.618) if you can't take advantage of such fantastic trending days (albeit rare). So far, that would have been a 1:9 ratio if you had somehow abandoned the trade instead banking profits at +1R. In other words, you would have covered 8 losing days at a 1R loss and still made +1R. The question...

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Quoting bluesteele

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{quote} Hi Noisy I dont want to distract from the thread with squiggly lines But developing a trade mgmt plan is critical to your success.. You cant just look at things from the start as B&W as you are.. I see you are doing trades... whether youve done the 20 trade exercise or not im not sure. But thats where you start.. Trading is a high performance SKILL based business. You can have a average or below average trading system/method and a SKILLEd trader will execute it and make money and converesly you can take a highly profitable say even...

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Quoting Noisy

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{quote} What do you mean when you say that ES is a "thick" product and DAX is "thin"? Yes, what you're saying all sounds reasonable. Capital would be less of an issue, but finding a plan that's consistently profitable for me would be more of an issue. An ORB approach like that suits me. It would probably be even more difficult with a job. I wouldn't have time to trade market openings, and I wonder if I'd even have the time or desire to continue trading. I don't know anything about futures, but they seem like much more complex products than CFDs....

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Quoting Noisy

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{quote} Thanks for your kind words and help. I’ll look at it. If there are 20% trending days a month like the one today on DAX where it moved to a +9R, that’s 4 days per month. 4x9 where 1R = 1% risk, that’s a 36% profit. 16 days loss at -1R is -16%. 36-16=20. Gross profit = 20%. All my problems would be solved lol.

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Quoting Noisy

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{quote} Thanks for your kind words and help. I’ll look at it. If there are 20% trending days a month like the one today on DAX where it moved to a +9R, that’s 4 days per month. 4x9 where 1R = 1% risk, that’s a 36% profit. 16 days loss at -1R is -16%. 36-16=20. Gross profit = 20%. All my problems would be solved lol.

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Quoting bluesteele

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An average strategy executed consistently will massively outperform a great strategy executed inconsistently.

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Quoting driven18

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{quote} You forgot about Driven18 benefit(ing), I come here for good feelings, some laughter and be in the company of some like minded people who are really trying hard to succeed. I also know, I am making a difference, but quietly .

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Quoting BataviaTrade

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{quote} Dude ..I've been hanging around FF since 2011 and never had a profitable month. Until the last 3 months. Currently up 11%. For what it's worth. {image}

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Quoting bluesteele

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{quote} 20% a week ..one day a week a market will trend. But forget about the math..forget about potential returns... Because trading is not linear like that... Completely unrealistic distribution.... This is not an entry level job... It takes skill.. and it starts with the skill of actually entering a trade . Executing a buy or sell. You have to be good to take money regularly from other professionals... The market takes money from the many and redistributes to the few.. Just because we know how to enter a trade exit... Draw TLs read volume doesn't...

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Quoting driven18

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{quote} Even GOD(pick one) does not know what will happen a second from now in the markets. Your dream of figuring out if it is going to be a trend or range day usually turns to nightmare and loss of the account. I am still in the test phase of MeBob(s) and picked these 4 5 Min TF Dow Futures bars to create a fixed(for vidvad) range. Look how long I had to control MindF*ck(circled) before PA started to move my way. What is going to happen next second - no idea, but I am at the point of activating and implementing the most important part of successful...

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Quoting vidvad

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{quote} What happened three months ago to change the 14-year drought?

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Quoting Noisy

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{quote} Thanks. I also think my problem lies less with the entry or disciplined execution, but rather, as you say, with what follows and having a plan around the whole thing.

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Quoting vidvad

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{quote} We will never be allowed to forget about, buddy ... {image}

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Quoting bluesteele

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{quote} So forget about if you've backtested MeBob and it shows you it's not profitable.. that doesn't really count for much.. I know there are traders here that can trade it profitably... So let's all quit pontificating lol and get down to executing a trade every day... All the best .

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