The PriceBob Strategy

Quick profit from ORB sp500 on 5 minute aka Vidvad type stop, on the basis that lots of nibbles beats starving

-16 tick loss. Green line would be the point I would go break even (1 Tick above my entry). TP at 3.25% SL below previous day high (purple line).



Hope all is going well for you Vid .

Mebob also worked out for a short per Vid profit stop too.
Call up your own map

I studied 1000 hours of trading podcasts. These 2 skills matter most


1.Being Able to take a Loss
2. Patience

Excellent video

87 tick profit, 2.18%. Previous day High was my target.

Well done ! Great target the PDH !....

One thing that came to my mind this morning ...well two things...

First thing is... The world can be falling apart and the US indices will just plow fwd...So easy to get a bias
or let a bias affect your trading. News of the Fed being investigated and Gold skyrocketing..One might think
man the US mkt will tank...Or pullback strongly... Nope lol....

Trade what you see..If it sets up take it... So well done..

Second thing...Al Brooks 18 bar probabilities.... Bar 1 sets the H/L of the day approx 20% of the time
OR 1 day a week... Many weeks its 2x a week... Today was one of those days.

Which leads me too,,,,,,,,,Vidvad mentioned somewhere ?? a video about 20pts avg per day..

It is my experience that is achievable...1x or 2x a week bar 1 is the H/L and the others well
that takes skill

But the 20 pt mention from Vidvad was my very first thought when I saw your 87 ticks

Kudos !

Just checking in - I'm minimizing my exposure to the internet for the first 31 days of 2026. I am having phenomenal results in trading and at work.

I'm reading real books printed on paper again.

I'm thinking for myself more when it comes to planning and executing tasks, including trading.

I highly recommend an internet sabbatical as a reset for what ails you! I am also avoiding TV except for the NFL playoffs, and I am not consuming news. I tend to stay away from FF altogether because it insists on the occasional prominent display of bad news.

Pick a month in the future and declare that month to be an internet and news media-free month for yourself. And don't cheat by choosing February lol.

I'll be back. Eventually. I'm happy to see you posting here with our other friends, JVT!

A book I purchased. A good read. I first learned of it from a Stacey Burke YouTube video.
Gives a scientific look into why traders take repeated actions, mistakes or otherwise. It’s not written like a science book but more story telling while explaining the science behind why we have fear and greed.

USA on holiday but you Dax traders got a nice 5 minute ORB and a 5 minute "Mebob" trade
( UK times - 8:30am and 8:35am )

+27 point profit on a 1 minute GC short just now. I've been gun shy of gold the last few days. I just can't justify the risk.

1 minute candles with 30 minute candles overlayed on top

5 minute ORB and 5 minute "Mebob"
UK time
Welcome back Vidvad

Gold frightens me.

Yes it's beyond a monster.. very difficult to define risk on entries and managing risk... One can only scale down so far and it becomes what's the point of that scenario at least for me...

These moves are absolutely 100% destroying many people's accounts.

The sigma anomaly's that are occurring in several markets now is frightening and an indication that things are unstable and in my opinion a financial collapse is coming..

Just my Joe blow weekend warrior armchair quarterback comments...

Trade safely everybody...

Gold reminds me of the old GBPJPY, aka "The Dragon," as it was called 15 - 20 years ago.

NQ behaves this way at times. But I don't think I've ever seen a futures contract move as gold is moving now.

Makes me want to consider one of the few CFD-type set ups available to Americans still. I think forex.com and oanda are still available to US residents last I looked. Lower margin and the ability to cut position size down to the nub would be benefits right now of cfd's over futures.

ES still tradable, though the back and fill as it makes its way towards profit target can be unnerving at times.

Here is a bit of fun for you all.

I'm sure most retail traders don't think in these terms. Reminds me of the days of Dennis Gartman bloviating on CNBC about "owning gold in Yen terms" lol

Peter Shiff is levels above Gartman, I believe.

Pricing bitcoin in terms of gold seems a smart way to judge its true value, though.

Hi vidvad,

When I read this post, it reminded me of the first time I traded forex with FXCM. I opened a small account in the very first days of FXCM when the founders Dave & Drew were answering the phone & taking care of customer service. Those were the early days when I felt like FXCM was playing fair with their traders. The first year with FXCM was great for me, but & I decided to leave & pursue other interest. Not sure how fair things would be for traders with Oanda & Forex.com. I currently trade futures with a focus on S&P & Silver. Maybe others would weigh in on the experiences with Oanda & Forex. Com. Thank you for sharing your awesome thread.

Best of trades to you, my friend.
____________________________________________________________________

I discovered Oanda has partnered with FTMO to offer an FTMO prop product to USA based traders. They offer 14 day free trial accounts, and I blew 2 of them before finally figuring out how lot sizes work in MT5 spreadbetting accounts (Gold and SP500 are NOT the same lol).

This is not a "get funded" proposition. This is a straight up permanent sim environment for as long as FTMO is willing to pay you once you pass.

The 200K account is $1250 USD. That's obviously a very dear price to pay for a prop account when compared to every other prop account I've come across. However, it has some distinct advantages. Let me first note that the initial profit target for step 1 is 10% profit, or $20K on a $200K account. Then, once that initial target is met, there is a second step, which FTMO calls "verification," and that target is half of the initial target, i.e. 5%, or $10K on that $200K account.

The advatage to FTMO is that unlike every other prop firm out there where the rules to become funded are all set against the trader, FTMO is actually set up t give you a real shot at passing.

How so?

Well, there is a daily loss limit that must NOT be breached, or you lose the account. On a $200K account, the daily loss limit is 5% or $10K on that $200K account. Then there is a max total drawdown which must not be breached or you lose the account. That max total drawdown is 10% of the account, or $20K dollars.

In other words, this is the only prop firm proposition of which I am aware that has a true 1:1 profit objective to drawdown allowance. Yes, because of the %% daily limit, it appears to act as a 2 to 1 profit objective to drawdown limit. However, if you were to lose say 4.9% on any given day, you still keep the accont. If on the next day you lose an additional 4.9%, bringing the total drawdown to 9.8%, you still keep the account. If you somehow manage to fight back from that loss without ever being down more than the full 10% initial drawdown limit, you stay in the game.

The one drawback is MT5. I had a position on and price clearly had traded through my take profit order. However, the platform took its time. On one trade, it finally filled the order as price continued in favor of the trade. However, in another instance, price reversed within seconds, and I had to exit manually as the take profit order never filled. It's been many years since I traded a funded account using the MT platform, but some things never change I guess lol. After the second free trial account was blown, I had shaken off most of my MT rust and on the third free trial account I was able to navigate the platform and trade effectively.

I am intrigued. FTMO claims the average trader who reaches FTMO Trader staus is over $13K USD (presumably before finally blowing up lol). Also, that hefty $1250 fee that you must pay to enroll in the evaluation period is fully refunded when you make your first payout request. That makes it much easier to swallow, imo.

I'm going to continue the trial. Given the drawdown limits and profit objectives and the nature of the spreadbet products, I can see how it is likely much easier to pass this evaluation and reach payout stage than it is with most of the futures based propes, e.g. Topstep, TradeDay, Apex, TakeProfitTRader, etc.

I should also note that the two accounts I blew were $100K and not the $200K I am working with now. The blow up level on the $100K was -$5K from the starting balance. In both cases the blow up was because I traded XAU at a size 10 times as large as I should have been trading. Again, a 10 lot SP500 is much more manageable than a 10 lot XAU given gold's current volatility. The fix? I added a second chart dedicated to XAU and I was able to set the size to 1 lot so as to avoid the 10 lot error. You can lose quite a lot of money quite quickly trading 10 lots of gold right now.

I'm not saying I'm ready to plunk down $1250 to try FTMO; nor am I saying I'll ever be ready. However, I am interested enough to see how I do in the trial environment to see if it is worth my while.

I'd be interested to hear about anyone's experiences with FTMO. It does seem they have done a bit of denying payouts and such from a few anecdotes I've been able to find on youtube. One user received an email that said that his method wasn't "sustainable," and yet he had an 80% win rate and 5 to 1 reward to risk. It seems that perhaps FTMO is somewhat like Apex in that a trader's method is deemed "unsustainable" if it is unsustainable for the prop firm because it doesn't blow up quickly enough lol.

I've been trading my own money along with two funded accounts. I believe 2026 will be the year I eventually leave the prop space behind for good. However, you can't beat the true risk reward of the prop firm proposition: Even FTMO's $1250 seems to have a realistic path to get to a $12,500 or greater payout within a short period of time (8 days minimum to pass to FTMO trader).

If any of you know of any links to FTMO posts I should be aware of here at FF, please share them here in this thread.

Thank you all!

Good luck Vidvad on your journey! Mine continues on. I haven't blown my account now in 3 months over at Tradeday. I came close to passing a week ago, but have a had bit of drawdown since then. But I continue to push on gaining lots of good experience along the way trading the ORB on NAS. I have confidence I will eventually get funded. Once again thanks for the great thread. I know it has been quiet here as of late. But hopefully others are seeing the good in what is in this thread.