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The PriceBob Strategy

  • #1,841
  • Oct 31, 2025 9:20am Oct 31, 2025 9:20am
Here be a 5 minute UK time ORB on Sp500 short.
Not taken by me but I had marked up levels pre 8:00am UK time - I look for ORB's and "Mebobs"
Levels on 5 minute and 15 minute.
Have a good weekend all.
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every Saint has a past. Every Sinner has a Future
  • #1,842
  • Edited 10:11am Oct 31, 2025 9:59am | Edited 10:11am
MNQ Nasdaq "Mebob" 2:05 pm UK time. - 5 minute set up and 1 minute execution.
Enjoy your weekend. Will not post for a while, just repeating myself.
Don't forget:
And in colour with text if it helps
The horizontals are 5 minute levels drawn Pre open 2:30pm UK time on 5 minute chart
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every Saint has a past. Every Sinner has a Future
  • #1,843
  • Nov 1, 2025 2:24pm Nov 1, 2025 2:24pm
In gratitude for the universe conferring upon me the experience of the Roulette Epiphany 12 months ago.

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,844
  • Nov 1, 2025 4:27pm Nov 1, 2025 4:27pm
Quoting vidvad
In gratitude for the universe conferring upon me the experience of the Roulette Epiphany 12 months ago. https://youtu.be/vhUP12hV9fM
Thank you so much! Your explanations are brilliant. You're so right.
  • #1,845
  • Nov 1, 2025 10:17pm Nov 1, 2025 10:17pm
Quoting vidvad
{quote} Fantastic! Process over profits! Fixed bar works for those who trust the fixed bar process and follow it. Here is NQ today for me: M30 fixed bar short 3 contracts *10 points. The second trade was a long at the Globex open/close cluster, and again 3 contracts *10 point profit. For Gold and NQ and ES I have pre-defined mechanical set ups, most are based on fixed bars, while a few are based on FIXED LEVELS. Everything I do is based on a process defined trading plan. Is every trade a win? Not by a long shot! Does that even matter? Not by a long...
"Is every trade a win? Not by a long shot!

Does that even matter?

Not by a long shot!"


Yessss, that's the most important point. It's awesome
  • #1,846
  • Nov 2, 2025 10:26am Nov 2, 2025 10:26am
Quoting vidvad
In gratitude for the universe conferring upon me the experience of the Roulette Epiphany 12 months ago. https://youtu.be/vhUP12hV9fM
Enjoyed the video. Sound advice
every Saint has a past. Every Sinner has a Future
  • #1,847
  • Nov 2, 2025 9:08pm Nov 2, 2025 9:08pm
Ok so I decided to pull this up b/c the name was fun.... Watched the video and this is very similar to something I came up with on my own a few years ago. I just called it my OR play... opening range... I used the first 30 minutes to set the boundaries (like the MeBob) then used a 0DTE "Inverted" Iron Condor with strikes at the opening range so that I'd get $100 if it closed outside the OR and lose $400 if it finished inside.... well the stats were actually pretty good with that strategy... between 1/3/2022 and 3/8/2024 it went 64% win percentage for 20k profits in back-testing. I just couldn't stomach watching the close and couldn't set it up consistently at the appropriate time, so I abandoned it.
  • #1,848
  • Nov 3, 2025 5:46am Nov 3, 2025 5:46am
Dax ORB and 5 minute "Mebob"
Great for you dax traders ?
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every Saint has a past. Every Sinner has a Future
  • #1,849
  • Nov 3, 2025 6:59am Nov 3, 2025 6:59am
Not every day unfortunately, but even the SP500 ( UK time 5 minute chart) was great with the ORB, 5 minute "Mebob" and Blues One hour Initial balance.
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every Saint has a past. Every Sinner has a Future
  • #1,850
  • Nov 3, 2025 8:04am Nov 3, 2025 8:04am
Quoting turnip15
Not every day unfortunately, but even the SP500 ( UK time 5 minute chart) was great with the ORB, 5 minute "Mebob" and Blues One hour Initial balance. {image}
Not everyday but does that even matter? Absolutely not!

What is important is that you have precisely defined set ups, stop loss and take profit money management rules.

The biggest obstacle most of us have faced to becoming consistently profitable is the lack of just such a trading plan and the ability to follow that plan. In fact, the inability to follow such a plan is probably the root cause for not being able to develop such a plan.

The plan and the skill required to stick to it seem to me to be very much part and parcel of the same process. You can't commit to developing a trading plan if you do not at the same time commit to then following that plan precisely. You cannot commit to following a trading plan precisely if you do not at the same time you do not also commit to developing a back tested data supported trading plan.

What ties this all together?
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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,851
  • Nov 3, 2025 9:50am Nov 3, 2025 9:50am
The strategy is so simple that sometimes I wonder if it is really that easy. In all fields you need to do a lot, the more the better but here, the less, the simpler the better. It is really a psychological job. It is really boring to be profitable. Lol
  • #1,852
  • Nov 3, 2025 10:51am Nov 3, 2025 10:51am
Quoting phamha20
The strategy is so simple that sometimes I wonder if it is really that easy. In all fields you need to do a lot, the more the better but here, the less, the simpler the better. It is really a psychological job. It is really boring to be profitable. Lol
You really have to train yourself to not care about the outcome of each particular trade. If you can do that, you can weather the losses, and even an occasional losing "streak."

The reason so many would-be millionaire traders fail is that they simply cannot let go of the losses. For some (myself included) losses could trigger a cascading series of revenge trades.

If you can focus instead on the process, thien you don't need 36 of your favorite indicators to feel as though you have confirmation enough. You really only need an ohlc chart, and then if price is going up, you buy (don't forget the stop loss and don't forget to take profits). If price is going down, you sell short (and again, don't forget the stop loss or the take profit).

Trading without a stop loss OR without a take profit is where fools, like Icarus, fly too close to the sun and thus perish because of their ego.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,853
  • Nov 4, 2025 8:38am Nov 4, 2025 8:38am
NQ fixed bar signal was an outside bar. YM alerted to an inside bar Fixed Bar Signal, so I pivoted to the YM for the open. YM trades are managed a bit differently from the NQ. Different instruments, different personalities. +101 ticks clearly marked by the trading platform.
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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,854
  • Nov 4, 2025 8:52am Nov 4, 2025 8:52am
Quoting vidvad
NQ fixed bar signal was an outside bar. YM alerted to an inside bar Fixed Bar Signal, so I pivoted to the YM for the open. YM trades are managed a bit differently from the NQ. Different instruments, different personalities. +101 ticks clearly marked by the trading platform. {image}.
This is why every trade I take has a pre-planned TAKE PROFIT, and not just a pre-planned stop loss. You just do not know how far (or not) a move in your favor will go. So I base my take profits on what I can expect to happen at LEAST 60% of the time, and I prefer to look for 80% hit rates.

That is a nearly 250 point outside bar low to high, and I took 101 ticks of profit out of the meat of it. When I say one should remove all decisions making from one's plan, I include the one area that seems most to trip retail traders up: "Where do I take profits?"

For successful fixed bar trading you must plan everything: where do you get in, where to do you take your loss, and where do you take your profits.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,855
  • Nov 4, 2025 9:01am Nov 4, 2025 9:01am
Come on SP500 - only 0.618 to target
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every Saint has a past. Every Sinner has a Future
  • #1,856
  • Nov 4, 2025 9:04am Nov 4, 2025 9:04am
Quoting vidvad
{quote} This is why every trade I take has a pre-planned TAKE PROFIT, and not just a pre-planned stop loss. You just do not know how far (or not) a move in your favor will go. So I base my take profits on what I can expect to happen at LEAST 60% of the time, and I prefer to look for 80% hit rates. That is a nearly 250 point outside bar low to high, and I took 101 ticks of profit out of the meat of it. When I say one should remove all decisions making from one's plan, I include the one area that seems most to trip retail traders up: "Where do I take...
From where did you get the >618 tool?
I have Ninja web on my iMac but only the fib tool ?
Thanks Vidvad
every Saint has a past. Every Sinner has a Future
  • #1,857
  • Nov 4, 2025 9:34am Nov 4, 2025 9:34am
Quoting turnip15
{quote} From where did you get the >618 tool? I have Ninja web on my iMac but only the fib tool ? Thanks Vidvad
This is the one I use. I do not use the web platform. I have the stand alone downloaded desktop, so I don't know if this can be added to the web application.

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Here is a new version someone shared. I've not yet tried.

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,858
  • Nov 5, 2025 9:57am Nov 5, 2025 9:57am
ORB's SP500 UK time ( pre and NYork open - one failed short and one ok long -5 minute bar.)
The Mebobs failed, for me
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every Saint has a past. Every Sinner has a Future
  • #1,859
  • Edited 9:05am Nov 6, 2025 3:37am | Edited 9:05am
Reverse of yesterday. ORB failed but Mebob took off. SP500
UK time 8am and 8:35am outside of NY session. And 5 minute chart
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every Saint has a past. Every Sinner has a Future
  • #1,860
  • Nov 6, 2025 9:19am Nov 6, 2025 9:19am
I bet someone got a nice short on ORB?
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every Saint has a past. Every Sinner has a Future
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