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  • #1,501
  • Jul 28, 2025 3:28am Jul 28, 2025 3:28am
Quoting bluesteele
{quote} The Spider what an excellent analogy!!!!!! ... I have now twice deleted long reply's lol....trying to coherently put thoughts out in a logical way readers will understand... I give up... If you can make sense of what im saying ...Kudos to you lol. Short short readers digest version........... How do I peel this onion back ? I don't know but how can we humans with cognitive reasoning screw things up so easily being at the top of the food chain. Perhaps we need to train our frontal cortex to act like our amygdala and just instantaneously fire...
We had a cat that waited hours in the long grass for a passing shrew to pounce upon. Thing is it would bring the victim home to us to share in its' bounty
every Saint has a past. Every Sinner has a Future
  • #1,502
  • Edited 6:11am Jul 28, 2025 5:18am | Edited 6:11am
Quoting vidvad
{quote} You should only concern yourself with whatever fixed bar interval is working for you. I have no idea what exact fixed bar giga, Maple, Batavia, or Belgrath are trading. Blue does a lot with opening range breaks, which are subsets of the fixed bar interval method. Mebob is a subset. Etc. and so on. What matters is the method. If you try to follow what everyone else is doing the method leads to madness. I wasn't the first who said it and I don't recall who it was who said it here in the thread, but the great thing about fixed bar interval...
Not what I was doing or alluding to at all but no matter.

But here is a quote from "Oldtradermans'" site that is very apt relating to discipline and your chosen method whatever it is. remember I am alluding to discipline and application NOT his approach or any other approach alluded to elsewhere.
Post 602:
https://www.forexfactory.com/thread/...1#post15327791

"Your method will not be this one, it will have to be something you developed that suits you, your psyche, your timeframe, and how you view the market. The differences in method, though, are not what is important. What is, is that you have a clearly defined method that you can stick to, and you do it with discipline, consistency, and solid risk control. Wait for your desired setup to appear and then trade it unhesitatingly. It won't work all the time - far from it - but if your method has any sense to it at all, trading carefully like this makes it very, very likely you will have a positive return over time without having to assume large amounts of risk or deep drawdowns.

Have a good rest of the summer!"

Post 593 is where he discusses his stats for his approach.
https://www.forexfactory.com/thread/...9#post15294869
Turnip will be back in September. Good luck all.
every Saint has a past. Every Sinner has a Future
  • #1,503
  • Jul 28, 2025 10:13am Jul 28, 2025 10:13am
Quoting vidvad
{quote} You should only concern yourself with whatever fixed bar interval is working for you. I have no idea what exact fixed bar giga, Maple, Batavia, or Belgrath are trading. Blue does a lot with opening range breaks, which are subsets of the fixed bar interval method. Mebob is a subset. Etc. and so on. What matters is the method. If you try to follow what everyone else is doing the method leads to madness. I wasn't the first who said it and I don't recall who it was who said it here in the thread, but the great thing about fixed bar interval...
Morning session: opening at 9.00; reference bar at 9.35-9.40 am.
Afternoon session: opening at 15.30; reference bar at 16.05-16.10 pm

That's how I interpreted the mebob as for my time zone (CEST/UTC+2h).

BT
  • #1,504
  • Jul 29, 2025 4:20am Jul 29, 2025 4:20am
killer trade on Gold yesterday! There is no end to the options for fixed bar trading.

If you had a 51% win rate on a 1:1 RR, would you take the trade each day and be satisfied? Casinos only have a less than 1% edge over the players and they make BILLIONS and more!!!!!
When I started, I was looking for 99% win rate on 1:1 because I was looking at trading like a job. Clock in for X hrs and get paid X amount. Never go home empty handed or worse go home with less than I started. You must have a different mindset for trading. its not a traditional job. this is a GAME.
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  • #1,505
  • Jul 29, 2025 6:51am Jul 29, 2025 6:51am
Just plodding along
on my free platform
At a time that suits me
with a pair that's become my favourite
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  • #1,506
  • Jul 29, 2025 8:52am Jul 29, 2025 8:52am
Quoting maplefx
killer trade on Gold yesterday! There is no end to the options for fixed bar trading. If you had a 51% win rate on a 1:1 RR, would you take the trade each day and be satisfied? Casinos only have a less than 1% edge over the players and they make BILLIONS and more!!!!! When I started, I was looking for 99% win rate on 1:1 because I was looking at trading like a job. Clock in for X hrs and get paid X amount. Never go home empty handed or worse go home with less than I started. You must have a different mindset for trading. its not a traditional job....
Its good to see you getting confidant with the method and your timing
and actual placing trades and above all posting them
in a open honest and transparent way
Doing this and showing it surly must help the threads method and also
must help guys to say
I can do this to and i am going to give it ago
Well done
thank you
ps
Not forgetting thanks to
Vidvad
  • #1,507
  • Edited Jul 30, 2025 2:43am Jul 29, 2025 9:12am | Edited Jul 30, 2025 2:43am
Just to add
As I have said before we are all in different Time zones
also have pairs of different interest plus preferred
certain available trading times
but one thing I have noticed with my pair
Is although I trade the same time frame (Box)
It just happens to have a reasonable consistent (ADR)
I suppose its just maths/algo or something

ps another update
as the day unfolded
for anyone that finds it all confusing
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  • #1,508
  • Jul 30, 2025 2:22pm Jul 30, 2025 2:22pm
Last week I got 5 losses in a row, then I stopped trading. I decided not to trade DAX in the American session. I will continue trading DAX at 9.00 Frankfurt local time. Maybe I will add another instrument, but first I need to do some testing.
Today I traded DAX in the morning.
DAX M15: (buy), winner
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  • #1,510
  • Jul 30, 2025 2:38pm Jul 30, 2025 2:38pm
Quoting giga
Last week I got 5 losses in a row, then I stopped trading. I decided not to trade DAX in the American session. I will continue trading DAX at 9.00 Frankfurt local time. Maybe I will add another instrument, but first I need to do some testing. Today I traded DAX in the morning. DAX M15: (buy), winner {image}
check the session + IB - most of the time there is a notable breakout 500-600 pips - easy money :-)

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Mucky
  • #1,511
  • Jul 30, 2025 2:46pm Jul 30, 2025 2:46pm
Quoting Mucky
{quote} if you trade the DAX, you have probably noticed that the daily pivot acts like a magnet — you can use this to your advantage. Mucky
You might also have a look at the previous day Open Close High Low levels. My first target is usually the Fib 61.8 level, next is one of the four I mentioned. Works for me.

BT
  • #1,512
  • Jul 30, 2025 3:00pm Jul 30, 2025 3:00pm
Quoting BataviaTrade
{quote} You might also have a look at the previous day Open Close High Low levels. My first target is usually the Fib 61.8 level, next is one of the four I mentioned. Works for me. BT
Thank you, I will test. In general, dax gives me profit, but I did not like 2 trades a day on dax, it increases losses sometimes.
  • #1,513
  • Edited Jul 31, 2025 7:26am Jul 30, 2025 4:53pm | Edited Jul 31, 2025 7:26am
Quoting giga
Last week I got 5 losses in a row, then I stopped trading. I decided not to trade DAX in the American session. I will continue trading DAX at 9.00 Frankfurt local time. Maybe I will add another instrument, but first I need to do some testing. Today I traded DAX in the morning. DAX M15: (buy), winner

Not many edges are going to avoid losing streaks, even 5 in a row or more.

Quoting giga
{quote} Thank you, I will test. In general, dax gives me profit, but I did not like 2 trades a day on dax, it increases losses sometimes.
Trade your plan. Read your posts I quoted today. You are becoming more concerned with outcomes than process.

Sometimes two trades a day will be both be losses.

But sometimes they will both be profitable.

But, if you find 1 loss per day to be your emotional spending limit, by all means, quit after 1 loss. There is an excellent youtube channel call "Dave Scott Trades." He is an advocate of quitting for the day if your first trade is a loss.

This is all about accepting the inherent uncertainty and randomness of our edge. Build a plan that allows you to accept the uncertainty and randomness and the inevitable adverse instances of our edges, i.e. accept the losses.

If my math is correct, even with a 60% win rate, there is a 10% chance that over some given 20 trades you will experience 5 losing trades in a row.

By stopping, you forfeited the opportunity to be in the market when probability bites back. With a 60% win rate, you have an almost 50% probability of 5 winners in a row in any randomly selected 20 trade sample. And your odds of 8 wins in a row are nearly the same as your odds of only 5 losses in a row.

Remember the Gonzalo Garcia Pelayo video. His very first night at the roulette wheel, spin after spin, loss after loss, his already small bankroll was rapidly depleting. Then, probability answered back, and the wins cascaded in, recovering his losses and leaving him with a profit for his first full day.

You're doing great. I'm not trying to be critical. I'm just offering you a reminder of why it is you've been doing so well to begin with.

Keep up the good work. Have faith in your process and in yourself.

Also, if you've completed at least one 20 trade sample of Mebob, it is probably time for you to hit the pause button, and look for some form of opening or pre-opening range breakout and use breakout entries, i.e. buy stop long/sell stop short a tick or so above/below the range.

Consider a one way plan: i.e. a "long only" or "Short only. If you choose such a plan, it is ok if you don't have a trade trigger every day. You will likely have several days a month with no trade. But that no trade is your trade for that day!
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,514
  • Jul 30, 2025 4:55pm Jul 30, 2025 4:55pm
Quoting Mucky
{quote} check the session + IB - most of the time there is a notable breakout 500-600 pips - easy money :-) {image} Mucky
IB isn't strictly speaking part of the fixed bar method. I don't have a problem with those who use the concept posting it here, but please don't assume we all know what YOU mean by IB. Please define your terms clearly when you post. Thank you for contributing.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,515
  • Jul 31, 2025 3:10am Jul 31, 2025 3:10am
Quoting vidvad
{quote} Not many edges are going to avoid losing streaks, even 5 in a row or more. {quote} Trade your plan. Read your posts I quoted today. You are becoming more concerned with outcomes than process. Sometimes two trades a day will be both be losses. But sometimes they will both be profitable. But, if you find 1 loss per day to be your emotional spending limit, by all means, quit after 1 loss. There is an excellent youtube channel call "Dave Scott Trades." He is an advocate of quitting for the day if your first trade is a loss. This is all about...
You are absolutely right, Vidvad. I made mistakes, there was an adaptation to trading reference bar. I will try to be a good student next month. Maybe I will add EURJPY or FTSE, I will test. Thanks for your help.
  • #1,516
  • Jul 31, 2025 7:27am Jul 31, 2025 7:27am
Quoting giga
{quote} I will try to be a good student next month.
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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,517
  • Jul 31, 2025 4:34pm Jul 31, 2025 4:34pm
Is it just me or did FF change the homepage and make it really suck.

After 20 years, FF, if it ain't broke, please don't fix it.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,518
  • Aug 1, 2025 10:53am Aug 1, 2025 10:53am
hi all,
hope you've all been well and trading by your rules
I've ended my week at $500 profit which is almost same place as last week but I'm happy, took a huge loss on Wednesday but thankfully I had set up a max daily loss so I didn't blow it completely or go on full tilt which in the past would have happened for sure
anyway happy with where I'm at. looking forward to next week.
mistakes to learn from:
- size down
- don't martingale
- 1 loss quit for day on this account
  • #1,519
  • Aug 2, 2025 6:03pm Aug 2, 2025 6:03pm
Quoting maplefx
hi all, hope you've all been well and trading by your rules I've ended my week at $500 profit which is almost same place as last week but I'm happy, took a huge loss on Wednesday but thankfully I had set up a max daily loss so I didn't blow it completely or go on full tilt which in the past would have happened for sure anyway happy with where I'm at. looking forward to next week. mistakes to learn from: - size down - don't martingale - 1 loss quit for day on this account
One thought that might be helpful to you is that when it comes to building a trading account, whether with a prop firm or self-funded, is the fact that "slow is fast" when building size. I believe this is a thought I got from watching Dave Scott Trades's videos on youtube.

"Slow is fast" builds equity. While attempts to build equity quickly through overleverage, overtrading, or martingaling (which, if you think about it, is a combination of trading off plan set ups with too much leverage, i.e. it is both overleveraging and overtrading).

Dave Scott reminds us that all attempts to build quickly end in blown accounts, huge losses, and more psychological damage that we will need to heal before we reach our goals.

It isn't easy, is it? Here is the thing: Anyone who claims not to have experienced these same things that wrecked your Wednesday is a liar. We all have done them, and even those of us on the upswing must remain mindful of the ego's attempts to tempt us back to the dark side of self-sabotage.

So, take heart that you are human like the rest of us. And be ironic: Take pride in the humility you display by coming here and telling us of your struggles and not just your successes. It is a long road we are on. However, by moving slow, we'll travel that road quickly.

Using excel and basic math you can actually write a demonstration taht starting with $500, trading the MES/ES, and targeting just 3.5 points per day, you can grow that $500 account to over $1,000,000 in a year or less, and grow your income from approximately $16 per day to over $17,000 a day. But your first $100 day won't occur until day 78. Your first $1000 day will be around day 150. On day 187 your account balance will finally reach $100K. By day 242 you reach a half million, and then, remarkably, just 30 days later your little $500 account has reached $1,000,000. By taking it slow, you build fast. But for most of us (me included) taking it slow is itself painful. Where's the dopamine rush in making $16 a day?! But the math is correct and therefore true: Take it slow to build equity fast.

If you could be a millionaire trader one year from today, but in order to reach that level you had to be content with nearly 4 months of an average daily profit of just $39, could you do it? Like trading itself, it's simple, but brother, it sure isn't easy!

Remember, slow is fast. Every time you blow an account you are starting from less than zero. Even once you are funded, you are not starting with a $50K account. You are basically staring from $0. Every time you blow up, you are set back a mile behind the darn starting line. Slow is fast because slow keeps you in the game so you can build and COMPOUND as you must.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,520
  • Aug 3, 2025 6:49am Aug 3, 2025 6:49am
Quoting vidvad
{quote} One thought that might be helpful to you is that when it comes to building a trading account, whether with a prop firm or self-funded, is the fact that "slow is fast" when building size. I believe this is a thought I got from watching Dave Scott Trades's videos on youtube. "Slow is fast" builds equity. While attempts to build equity quickly through overleverage, overtrading, or martingaling (which, if you think about it, is a combination of trading off plan set ups with too much leverage, i.e. it is both overleveraging and overtrading)....

A variance of probabilities......?
Just watched a couple of Scotts videos. ( He has a live "Topstep" account so he is probably USA based?) Slow keeps you in the game etc.

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every Saint has a past. Every Sinner has a Future
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