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The PriceBob Strategy

I just did a quick little scalp using MES to put me over the top to pass this eval account. Funded status should be available to this account on Tuesday. I intened to start another eval now that this one is finished. I am disappointed that technical issues with Ninjatrader caused this eval to be traded in a way far from the trading plan I had intended to deploy. Luck has very little to do with our trading results over the long term. However, it was extraordinarily good luck that I didn't blow this account on Thursday or Friday of this last week....
I will be curious to see how you do with AMP. I have traded with them in the past. My future goal is to use my profits after passing my eval to fund the account there.
{quote} I can see that they have MT5 as well. What is the minimum deposit to open an account to trade micro gold?
I cant recall what or if the min is ? It's just a point of covering the margin required for whatever your trading.
Daytrading is all that most here would be concerned with,,otherwise your looking at the maintenance required per C..

https://www.ampfutures.com/trading-info/margins

You will find the below from the link above but just putting here fwiw... and I did hear about a new CME product the
Gold 1oz contract,,,and see it is listed here...hmmm I should look at TV and see about a chart of that.
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Master your Mind,,,Master the Market
{quote} I can see that they have MT5 as well. What is the minimum deposit to open an account to trade micro gold?
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Life itself is a privilege, but to live life to the fullest is a choice
{quote} Hey turnip, I hope all is well. Haven't seen you in over a week. Need my Mebob fix!
Lol.
Here is a recently failed "Mebob" for you
( UK times )
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every Saint has a past. Every Sinner has a Future
Is this video AI narrated? Probably.

Is there a glaring misquote near the beginning where the narrator says flawless execution doesn't matter? Absolutlye. But he corrects it near the end of the video.

Over tha last few months there have been a number of these type of channels popping, and all of them seem to get their content ideas and inspiration from we pricebobbers lol.

Anyhow, this is probably worth a listen to for more than a few of us, and worth repeated listens for many of us.

Why Everything Changes After 20 Consistent Trades
Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
Hey Vidvad, do you still use fixed bars on 30m timeframe? I see that in your recent vlogs you are using fixed bars on 15m tf.

Do you decide the timeframe to trade the fixed bar method according to the market volatility?
Here you go Vidvad ORB first
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every Saint has a past. Every Sinner has a Future
Hey Vidvad, do you still use fixed bars on 30m timeframe? I see that in your recent vlogs you are using fixed bars on 15m tf. Do you decide the timeframe to trade the fixed bar method according to the market volatility?
Hey Rorex, in my opinion, your questions indicate that you are still too concerned with what vidvad is doing and not focused nearly enough on what you, Rorex himself, is observing.

1% better every day. You are likely hoping for too much, and as a result, you are running in place. Progress, if you see any, is an illusion. For you, 1% better might start with one week of just sitting in front of your screen and watching 1 30 minute candle open, print its high and low, and then close. No trading, no measuring, just watching. Then, the second week, maybe you watch the market for a whole hour, watching two 30 minute bars form.

1% better every day has to start very, very small. Without any more details from you, I'd bet you are trying to accomplish too much too fast.

Slow your process down so you can build the habits necessary for success.

In trading, the key habit is that of careful observation. Why? Because only through careful observation will you build the skill of pattern recognition.

And pattern recognition is a prerequisite to building a trading plan with an edge ton which you can then set yourself to the task building confidence in the execution thereof.

As to your question, I have often stated, both in posts and in video, that I will vary the fixed bar interval based on volatility, average range, and, simply, what I observe the market doing "these days." I still favor M30's over all others. However, for defining specific set ups under specific times, I am flexible, and I may use an M15 or move up to an M60. These decisions are based on my past and present observations.

Furthermore, the fixed bar interval varies by instrument: I will sometimes apply the same interval to ES, GC, and NQ simultaneously, and quite often I'll be applying a different interval to one or more of them.

1% better every day, Rorex. As you finish reading this post, don't react to my words. Take a few moments, thoughtfully reflect on where you are and what you've been doing these past few months. 1% better every day over 60 trading days (3 months) would put you at 81.67% better today than you were three months ago. Be honest with yourself: Are you 81% better than you were 3 months ago? If not, do you feel you've made much measurable progress beyond the point at which you started? If not, then why not take my advice, slow everything way down, and put yourself on a path following a process that will see you enjoying massive improvements in your mindset, skill level, and happiness over the next 6 months?

I have a meeting to get to which will likely tie me up until sometime after the NYC lunch hour. If I have time this afternoon, I'll record a video addressing what I've posted here. I hope none of this sounds harsh to you. None was meant in anything but a helpful and caring sprit, I assure you. I know where you are. I know because I was there for many, many years. You don't have to be there for years. But you have to commit to taking small steps to build the habits of success.

1% better every day. That doesn't mean you add something every day. You must start small, pick one little habit to focus on forming, and then work that habit for several days, maybe a week or more if necessary.

In order to put process over profits, we must form the habits required to follow the process.
Life itself is a privilege, but to live life to the fullest is a choice
Might be time to start a new journal. I have the new funded account but because of the manner in which I earned it, I'm going to let it sit (I do have to place a first trade and then trade it at least once every 45 days or I lose it, but that is a technicality). I started a new Eval and I'm sticking to my ES set ups, fixed bar and reversal bar.

I have to get to a meeting, but I'll post a bit about this later today if I have time.
Life itself is a privilege, but to live life to the fullest is a choice
MEBOB in UK time
Good day all round but could have done better maybe. Happy in any event.
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every Saint has a past. Every Sinner has a Future
{quote} Hey Rorex, in my opinion, your questions indicate that you are still too concerned with what vidvad is doing and not focused nearly enough on what you, Rorex himself, is observing. 1% better every day. You are likely hoping for too much, and as a result, you are running in place. Progress, if you see any, is an illusion. For you, 1% better might start with one week of just sitting in front of your screen and watching 1 30 minute candle open, print its high and low, and then close. No trading, no measuring, just watching. Then, the second...


post !
Master your Mind,,,Master the Market
{quote} If I have time this afternoon, I'll record a video addressing what I've posted here. I hope none of this sounds harsh to you. None was meant in anything but a helpful and caring sprit, I assure you. I know where you are. I know because I was there for many, many years. You don't have to be there for years. But you have to commit to taking small steps to build the habits of success. 1% better everyday. That doesn't mean you add something every day. You must start small, pick on little habit to focus on forming, and then work that habit for...
Ofcourse I don't feel offended. I understand that there is alot that I need to learn and practice. Looking forward to the video that you said you will be posting (if possible). Thanks for responding to my questions in this thread, I really appreciate your patience and empathy.
I will re-record this video to get rid of the weird overdub reverb echo effect.
Life itself is a privilege, but to live life to the fullest is a choice
Great stuff! Vidvad, as always. Here are my key takeaways :

-> One doesn't need backtested data to develop an edge, it should come from observing the price action daily for months.
-> Understanding the price behaviour near the pivotal levels will improve our win rate significantly.
-> I should slow down and assess the price action during the session for few months inorder to train my brain to identify patterns.
-> Finally I should develop the skill of patiently observing the markets and doing nothing.

I'll try my best to implement these for the next few months, feel free to let me know if I'm missing anything.

Thank you,
Rorex
ORB 5 minute, SP500. Ten pip box and aiming for 5 points. Done
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every Saint has a past. Every Sinner has a Future
ORB 5 minute, SP500. Ten pip box and aiming for 5 points. Done {image}
Messed up "Mebob" too many trades of increasing size that dug a deep hole endangering my evaluation account. Now will have to spend some days carefully digging my way out -poor discipline Turnip.
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every Saint has a past. Every Sinner has a Future
{quote} Messed up "Mebob" too many trades of increasing size that dug a deep hole endangering my evaluation account. Now will have to spend some days carefully digging my way out -poor discipline Turnip. {image}
The struggle is real, turnip, my friend. The struggle is very, very real.

"The biggest lie in trading is that your competition is Goldman Sachs or Citadel or some PhD team at a hedge fund. Your real competition is yourself, your discipline, your psychology, your process."
Life itself is a privilege, but to live life to the fullest is a choice
{quote} The struggle is real, turnip, my friend. The struggle is very, very real. "The biggest lie in trading is that your competition is Goldman Sachs or Citadel or some PhD team at a hedge fund. Your real competition is yourself, your discipline, your psychology, your process."
I probably need a big red squirrel sitting behind me on a stool. And when price crosses to the other side of my "Roadmap" when trading ORB's or "Mebob," said red squirrel should hit me around the head with a bag of pea nuts to re-focus my attention discipline back to trading the plan.
every Saint has a past. Every Sinner has a Future
{quote} I probably need a big red squirrel sitting behind me on a stool. And when price crosses to the other side of my "Roadmap" when trading ORB's or "Mebob," said red squirrel should hit me around the head with a bag of pea nuts to re-focus my attention discipline back to trading the plan.
The fight back began today. Just SP500 on screen and Roadmap around ORB and Mebob.
I am going off grid for a while to continue the fight back without distractions From FF and other media. Had a nice instructive, funny and encouraging pm from Driven18 about psychology and position size etc. Very grateful.
Trading Demons are in my head - bastards!

Back when the weather is warmer.
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every Saint has a past. Every Sinner has a Future
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Hi thanks for the timings BS (apologies for the delay)
Pervaz