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The PriceBob Strategy

  • #1,521
  • Aug 3, 2025 9:33am Aug 3, 2025 9:33am
Quoting turnip15
{quote} 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. https://www.youtube.com/watch?v=jiamyPXFQ3I
Topstep has live traders around the world. I would suspect that Dave Scott is North American based (USA/Canada?). It is possible that he's mentioned his locarion in one of his videos and it just didn't register with me. Topstep moved him to a live account sometime in the last month or two.

His videos are really helpful to me. His trading psychology shares the same foundation as all the others you might come across, which is really to say that the work of Mark Douglas is the source. However, Scott's take expands on Douglas and all the others in such a way as it really makes all the others (other than Douglas) irrelevant, imo.

Yes, slow keeps you in the game. Starting with micros keeps you in the game. Quitting for the day after one or at most two losses for the day keeps you in the game. Setting a daily loss limit, as MapleFX did, such that it that locks you out of your account for the rest of that day, keeps you in the game.

Doing 20 trade exercises with the same set up and the same set of rules without systems jumping or changing your trading plan after a string of losses keeps you in the game.

Pricebobbing keeps you in the game.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,522
  • Aug 3, 2025 1:47pm Aug 3, 2025 1:47pm
This is a long one - all of an hour and a half. I wish I had had this information 20 years ago. It would have been worth millions. And yes, that isn't meant as click bait. I really believe that. I also believe that if you are already going to spend countless hours this coming week working on figuring out how to make profits instead of losses from your trading, that this 90 minute video should be part of that time.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,523
  • Aug 3, 2025 4:37pm Aug 3, 2025 4:37pm
Quoting vidvad
This is a long one - all of an hour and a half. I wish I had had this information 20 years ago. It would have been worth millions. And yes, that isn't meant as click bait. I really believe that. I also believe that if you are already going to spend countless hours this coming week working on figuring out how to make profits instead of losses from your trading, that this 90 minute video should be part of that time. https://youtu.be/SrB8Vr73M2w
Good job on the video VidVad ! I watched it all... cheated tho and watched on the TV
so I could relax on the couch ( started on the PC and grabbed a screenshot of my fav quote)

Thanks for all the work you do in making these videos !

Appreciated !
Blue


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Master your Mind,,,Master the Market
  • #1,524
  • Aug 4, 2025 8:50am Aug 4, 2025 8:50am
Day one of proving to you that slow is fast, and that you can make a million dollars starting with a $99 prop account.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,525
  • Aug 4, 2025 9:15am Aug 4, 2025 9:15am
Great video/talk Avid, best so far.
Started my fixed trading method 1st. August one set-up a day for 20 days, so far 2 wins...
Thank you for taking the time to do this.
  • #1,526
  • Aug 4, 2025 9:21am Aug 4, 2025 9:21am
Quoting Hugo55
Great video/talk Avid, best so far. Started my fixed trading method 1st. August one set-up a day for 20 days, so far 2 wins... Thank you for taking the time to do this.
Thank you for watching and following along, Hugo, and congrats on the great start to your 20 trade exercise. Just remember: the reward is in the completed process, and not the individual wins and losses. As I said in my live trading video from this morning, "It's easy to stick to your plan when you're winning. The real test comes when you need to maintain your control and composure when losing."

Remain calm and cheerful as you trade, no matter what the market does.

Keep us updated - I am looking forward to your end of exercise review and assessment!
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,527
  • Aug 4, 2025 9:27am Aug 4, 2025 9:27am
I am now using the break out of the 9:30 - 9:45 AM EST candle of the S&P 500 as my entry. I will run this for at least 20 trades now. This seems to do very well from looking at past history. But live testing will be the ultimate test. This is one that will fit with my current lifestyle as well.
  • #1,528
  • Aug 4, 2025 9:30am Aug 4, 2025 9:30am
Thank you for the advice, I shall stick to the plan this time.
  • #1,529
  • Aug 4, 2025 11:50am Aug 4, 2025 11:50am
Quoting Belgrath
I am now using the break out of the 9:30 - 9:45 AM EST candle of the S&P 500 as my entry. I will run this for at least 20 trades now. This seems to do very well from looking at past history. But live testing will be the ultimate test. This is one that will fit with my current lifestyle as well.
Although I have traded a 30sec ORB 1min 3min and 5min... The 15min ORB is part of my trading foundation (along with 1hr IB Initial Balance)

For me it slows thing down enough and makes me sit on my hands and gives me a little bit more information to make decisions.
Slowing things down for myself has resulted in better performance and results. We all have to find our lane.

All the best to you going forward with the 15 !
Master your Mind,,,Master the Market
  • #1,530
  • Aug 4, 2025 12:00pm Aug 4, 2025 12:00pm
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)....
excellent advice here Vid, thank you so much.
I've reflected over the weekend on my mistakes and how I'm going to move forward. I'm making progress and it's slow but like you say its a process and one I'm determined to learn and grow from. Accounts still alive that's the important thing.

You know what I find hard...I can accept a Ł16 gain per day everyday but what I find hard is taking 1 trade a day, winning 3 out of 5 and losing 2, so ending up net 1R. I know that's OK but it really tests my ego and pride to have to sit aside on the losing days and do no more... its hard work for sure but if that's what it takes to be successful then I'll do it
  • #1,531
  • Aug 4, 2025 12:03pm Aug 4, 2025 12:03pm
Quoting vidvad
This is a long one - all of an hour and a half. I wish I had had this information 20 years ago. It would have been worth millions. And yes, that isn't meant as click bait. I really believe that. I also believe that if you are already going to spend countless hours this coming week working on figuring out how to make profits instead of losses from your trading, that this 90 minute video should be part of that time. https://youtu.be/SrB8Vr73M2w
thanks for making videos, I've been listening to this one during down times at work today and I'm absorbing your words and how it makes sense. trading is guessing, trading is gambling, trading your fixed edge in the market is the only way to make progress. random wins don't mean diddly squat. the dopamine rush is leading you astray. I've taken notes. appreciate it.
  • #1,532
  • Aug 4, 2025 12:06pm Aug 4, 2025 12:06pm
Quoting maplefx
{quote}it really tests my ego and pride to have to sit aside on the losing days and do no more... its hard work for sure but if that's what it takes to be successful then I'll do it
Remember, MFx, you are NOT your ego. You are the awareness of the distress your ego feels. You need to train yourself simply to sit back and smile at the silliness of your ego. Pride? Is that not merely another disguise the ego uses to trick you into believeing that it is you who feels the distress rather thna the ego?

You are not your ego. When these feelings arise, it is especially important for you to be mindful of the distinction between what your ego feels, and you, the awareness, the consciousness, of the feeling.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,533
  • Aug 4, 2025 2:04pm Aug 4, 2025 2:04pm
Quoting vidvad
{quote} Remember, MFx, you are NOT your ego. You are the awareness of the distress your ego feels. You need to train yourself simply to sit back and smile at the silliness of your ego. Pride? Is that not merely another disguise the ego uses to trick you into believeing that it is you who feels the distress rather thna the ego? You are not your ego. When these feelings arise, it is especially important for you to be mindful of the distinction between what your ego feels, and you, the awareness, the consciousness, of the feeling.
Great post/subject - I highly recommend reading the books of Eckhart Tolle on this subject.

PC
Less is more...
  • #1,534
  • Aug 4, 2025 2:09pm Aug 4, 2025 2:09pm
Quoting pipcruiser
{quote} Great post/subject - I highly recommend reading the books of Eckhart Tolle on this subject. PC
Thanks pipcruiser. Would you have a specific title of his work you'd suggest would be best for someone new to his work? Thank you.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,535
  • Aug 4, 2025 2:20pm Aug 4, 2025 2:20pm
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  • #1,536
  • Aug 4, 2025 2:23pm Aug 4, 2025 2:23pm
Today trade
DAX M15 (buy), winner. +1,4%
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  • #1,537
  • Aug 4, 2025 2:30pm Aug 4, 2025 2:30pm
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  • #1,538
  • Aug 4, 2025 3:06pm Aug 4, 2025 3:06pm
Quoting vidvad
{quote} Thanks pipcruiser. Would you have a specific title of his work you'd suggest would be best for someone new to his work? Thank you.
Sure, I have all his books but the main one is “The power of now”. Simple yet “deep” stuff. But it makes so much sense much of his work, but even its small short books, its a lot to digest, if you know what I mean

https://en.m.wikipedia.org/wiki/The_Power_of_Now

Cheers

PC
Less is more...
  • #1,539
  • Aug 4, 2025 3:10pm Aug 4, 2025 3:10pm
I am sure most here are aware of Tom Hougaard... Top tier trader bar none.
He has a Website and Telegram channel that has some really great resources..

In fact its where the MeBob material came from.. Toms clippings from the old Avid trader days
of Mr MeBob himself....

Anyhoooo,,, I know Toms telegram resource channel has a ton of great info..

AND

I only mention it as Tom has several "Fixed Bar" "Fixed Interval" methods. That he has tested.
That he makes money from regularly. And I know some that are centered around Equity Openings
for the DAX and FTSE etc...as there are several here trading from Europe UK same as Tom.

As well Tom is a big proponent/Friend of Al Brooks.. Quality guys, quality material backed up with
real charts and real trades.

I dont want to distract any of you as we know in trading staying focused is key....and Lord knows
there are umpteen ways to Sunday to be drawn down endless paths.

But the truth is this is a skill based biz and it takes years of the right practice to hone your skills.
No shortcuts no easy route.

But Tom has real trades backed up with real data that may help someone here who is not aware of
him... Dont ask for links etc from me.. Just google him if your so inclined and you will find.

Cheers
Blue
Master your Mind,,,Master the Market
  • #1,540
  • Aug 4, 2025 3:17pm Aug 4, 2025 3:17pm
Quoting pipcruiser
{quote} Sure, I have all his books but the main one is “The power of now”. Simple yet “deep” stuff. But it makes so much sense much of his work, but even its small short books, its a lot to digest, if you know what I mean https://en.m.wikipedia.org/wiki/The_Power_of_Now Cheers PC
Thanks PC.... I have neglected reading of any books of late..despite having a good library..
I do have this book...so I shall take this as a sign and dust it off

And thanks to VidVad.... Maaaan,,that is some powerful stuff.

Quoting vidvad
{quote} Remember, MFx, you are NOT your ego. You are the awareness of the distress your ego feels. You need to train yourself simply to sit back and smile at the silliness of your ego. Pride? Is that not merely another disguise the ego uses to trick you into believeing that it is you who feels the distress rather thna the ego? You are not your ego. When these feelings arise, it is especially important for you to be mindful of the distinction...
Master your Mind,,,Master the Market
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