📈futures-stocks-chat

[nocturne sigil]

you know me, small tiny scalps

10 pips on FX

8 ticks futures

i rarely go for more

ive learned not to be greedy and get smacked in the face

[night flicker]

are you taking big volume though?

or enjoying the little dopamine boost of the small money that addes up slowly

[nocturne sigil]

for FX, i use 1-3 lots, for futures on full ES, ill do 1-4 contracts, but on average about 2-3 contracts

on heavy fomc weeks, ill dial it down to 1 contract because im chicken

[night flicker]

I mean, 8 ticks on 4 contra is still 400$, thats more than enough for most people

[nocturne sigil]

I dont deposit much in my Tradestation as that will keep my discipline in check

[night flicker]

you can do that once a day and have a good life

[nocturne sigil]

yup! thats what im saying, rinse and repeat

you know how a big a win rate is on just 8 ticks

[autumn thistle]

https://tenor.com/view/washing-star-karikku-comedy-wash-gif-13174857669587036486

[nocturne sigil]

as long as you got you template dialed in

[nocturne sigil]

OMG

LOL

[autumn thistle]

Micky.... whilst trading

Rinse and repeat. 😉

[nocturne sigil]

jessssssh

[night flicker]

worst case scenario your FX trading will cover the losses lol

[nocturne sigil]

LOL

[nocturne sigil]

LOL

I actually find futures safer to be honest

[night flicker]

(Lux Pro) you want to talk about it maybe?

[nocturne sigil]

But I trade FX more often as theres no really care for margin going into extend hours and all the other brainy stuff that comes with futures contracts

[night flicker]

yeah thats the only thing I hate about futures

b

very complicated doing an overnight trade

[nocturne sigil]

https://tenor.com/view/cinegramm-therapy-couch-crazy-berlin-gif-13707899

[nocturne sigil]

thats the ting, when i trade FX, and its close to session close, i cn still hold it over night or whatever, no issue, with futures, i need to becareful on when i enter, as i may get pinched soon with session close, even though the trade direction is still good

thats what I HATE

im forced to close not based on my chart, but based on the sessions times with margins

dam

guess i need to deposit more

LOL

Even at 1 contract ES 8 ticks is $100

cant complain....$100 each day? do the math

[ancient marsh]

Opening balance

I will wait for breakout and then trade in that direction

[barren lintel]

5M MSS incoming @hearty rivet

nope, just a fake out.

[night flicker]

thats like... one burger?

[nocturne sigil]

that is true, and im happy with that burger, taste so good.....

i get to eat today

not starving

I live another day

LOLLLLLL

[night flicker]

and with a great wagyu burger

[nocturne sigil]

oh....thats money

[night flicker]

Wagyu burger rent

[nocturne sigil]

i need about 3 contracts for that

[night flicker]

maybe 30

[nocturne sigil]

yeah

[indigo igloo]

Wagyu is so rich you can have it every few days though, gives you time to forget the taste and be able to re experience it

If you had it everyday you'd get sick of it real fast

[nocturne sigil]

LOL

[night flicker]

worth

and then mcdonalds burger feels rich

[ancient marsh]

breakout possible

[indigo igloo]

Honestly a double cheeseburger slaps sometimes

from mcdonalds

[nocturne sigil]

YES !!!!!!!!!!!

[night flicker]

where I live mcdonalds sucks ass

and the smallest burger is like 10$

[nocturne sigil]

or In-N-Out

[indigo igloo]

There's no In N Outs here in my country

heard they're pretty good though

[night flicker]

same

[nocturne sigil]

I went to Japan many years ago and their McDs burgers are SOOOOOOOO GOOD, much better than the states

[indigo igloo]

Probably because the sanitary and food standards are higher there

[nocturne sigil]

true true

[indigo igloo]

From what I see about America seems like anyone can just open a restaurant and giga half ass it

[night flicker]

does it cost more?

[nocturne sigil]

I think so, i think they use higher grade beef to be hoest

[nocturne sigil]

HAHAHAHA

[indigo igloo]

They have the japanese wagyu cows in the backroom

Serve it to you fresh

[nocturne sigil]

thats it!

This is why I won on my long ES scalp

Inverted LuxAlgo McDonalds Pattern

[night flicker]

is it Japanese mcdonalds?

[indigo igloo]

It's the forbidden ronald mcdonald indicator

[night flicker]

[indigo igloo]

Micky posts all the trash strats in #1128499789437354106 but keeps this bad boy to himself

smh

[nocturne sigil]

HAHAHAHAHA

doggy dog game we play

[hearty rivet]

I’m in airport @barren lintel

[nocturne sigil]

Airport cafeteria?

[hearty rivet]

HAHAHAHAHAHAH

[nocturne sigil]

DO a video there

[hearty rivet]

How about in VIP car

[nocturne sigil]

https://tenor.com/view/surprised-sorprendido-shaquille-oneal-gif-23222312

[hearty rivet]

Sec

Telefon overheating

[nocturne sigil]

hw does that over heat?

come on

LOL

[hearty rivet]

It’s 42 degrees

[nocturne sigil]

oh dam, thats hot

[nocturne sigil]

WHAT!!!!!!!!!!

Lux Selfie !!!!!!!

you beat me with the Lux selfie today

[hearty rivet]

LOOOL

[nocturne sigil]

me today earlier

[hearty rivet]

Litttt background

[indigo igloo]

Did you have a bad day and take it out on the spacebar or what

[nocturne sigil]

HAHAHA, thats a rubber cover for the keyboard

[indigo igloo]

oh fuck

[nocturne sigil]

I knew someone was going to say something!

LOL

[indigo igloo]

You know I was kind of figuring it out like

[nocturne sigil]

I would never pound my new macbook

[indigo igloo]

"how the fuck can you even do that "

[nocturne sigil]

3 weeks new

its was an old rubber keyboard cover from my older mac

[indigo igloo]

Nice I have the same macbook

I use it when I'm too lazy to get out of bed

like now

[nocturne sigil]

love Macs

the new M2's

[indigo igloo]

Yeah I mean in term of laptops

There's just nothing better

At the same price point

[nocturne sigil]

YES, no fans, love it

YUP!

[indigo igloo]

Windows pc's are all 5x the price, look like shit, perform like shit unless you pay a few k

burn your balls off with how hot they get

etc

[nocturne sigil]

and takes 2.3 hours to turn on

[copper nexus]

my pc was only like $1.2k to build and it works great lol

[indigo igloo]

I mean laptops bro

[copper nexus]

ohhh

[indigo igloo]

sorry maybe was confusing

yeah obviously pcs are a different ballpark

LOL

[nocturne sigil]

PC's have great desktops, lots you can do, like gaming and stuff

[copper nexus]

yeah windows laptops are hit/miss a lot

[indigo igloo]

but laptops is just an apple territory imo

[copper nexus]

yeah they are usually lighter too

i had an msi laptop awhile back, thing was a pig to haul around

[indigo igloo]

Yeah

[nocturne sigil]

I got a gaming laptop for my son the other day, HOLY sh**, it must weigh like 40 lbs and the power cord/block is HUGE

I guess they make gaming laptops, just for the desk

LOL

[north marlin]

What a disgusting market today….. NQ

[indigo igloo]

It's crazy because you literally have to keep it plugged in to avoid it throttling / get full performance out of it

So it's basically a desktop at that point

[nocturne sigil]

Yeah a little choppy during NY, but its ok....

[nocturne sigil]

YUP!

[copper nexus]

yeah the ones with full GPUs are beefy as hell, but they do perform pretty well

[nocturne sigil]

Thought I would get him this gaming laptop to go off to college but it was not practical, so i got him another macair m2

LOLLL

[indigo igloo]

damn

the 10 pips a day money coming in clutch

[nocturne sigil]

THATS what im telling everyone!

no joke

[indigo igloo]

yeah but

[nocturne sigil]

i know i know

[indigo igloo]

well idk shit about these assets but it's like

imagine you only have 100 bucks and scalping gives you a few cents

people will look at you crazy

if you tell them to scalp like that

[nocturne sigil]

yeah, thats what i have always said, that i will get back lash, oh well.

works for me

LOL

[indigo igloo]

yeah it's why you have to tailor something to your needs

[exotic copper]

@indigo igloo has earned the Lux Level 2 role!

🎼🎼🎼 just levelled up! 🤗📈

At this point you’re considered family here at LuxAlgo. We are so glad to have you engaging with other members 🤗❤️ Keep it up & you might just earn something special ;)

[indigo igloo]

people think they can just copy paste

what someone else is doing

you can use it as inspiration but you have to ultimately come up with your own flow

etc

[nocturne sigil]

YES, everyone has to create their own...take from others but still have to build around it to make it their own

[wraith wharf]

Good morning!

[hardy iris]

morning

[wraith wharf]

The open is pretty choppy lol.

[nocturne sigil]

morning

[nocturne sigil]

hey hey

I just may spend more time with you futures people

[wraith wharf]

Muwhahaha! You decided to come to our side huh

It's pretty cozy over here in the futures channel.

[nocturne sigil]

[night flicker]

we're still in

fuck me

damn

[barren lintel]

there we go, finally mss on 5m

[cloud cipher]

well

missed that one

lol

[night flicker]

didn't take profit ffs

[cloud cipher]

went down and never stopped on 1m 3m or 5m

[night flicker]

wanted to exit at that high but was too late

[cloud cipher]

i was watching all time frames for someone thing pull back to any of the timeframe FVG

nothing ever came back

[night flicker]

2 trades
1 loss
1 win

[cloud cipher]

16025.25 level has a 1 3 and 5 min that has not been tapped yet

i wonder if it will come back up to that as it left a FVG across all timeframes at that level

[opal ridge]

Took that one as well

[wraith wharf]

Beautiful PO3 lol

[opal ridge]

https://tenor.com/view/its-going-down-clinton-sparks-geronimo-song-going-downward-lets-go-down-gif-20814383

[hearty rivet]

LMAO space bar

Boys

We got a sweep

But I’m about to lose internet in a min

[wraith wharf]

I'm keeping my hands out of this one today. Market Structure is screaming stay away

[hearty rivet]

I’ll be available in 1.5 hours if god allows

[nocturne sigil]

STOPPPPP

hahahaha

[hearty rivet]

HAHGA

I recorded a new video

[nocturne sigil]

NICE MAN !!!!!!!!!

[hearty rivet]

@nocturne sigil

This is a special video for you

[nocturne sigil]

OHHHH

that is legit!!!!!!!!!

[hearty rivet]

LOOOOOL

I have no idea why it’s pink and yellow candles

I think it was me teaching some chicks in colors they understand

[nocturne sigil]

hahahahaah

[stable talon]

how to hAVE THE MSS

[ancient marsh]

Balance breakdown

1st one we've seen in a while, been breaking to the upside so i am hesitant to hop on short in this big uptrend we have been on

[modest jacinth]

Aggie , can u show that on the chart please

[wraith wharf]

You can scalp it, a few points here and there, looks like its starting to stair step down

But your right, crazy bullish for a while. Dont know when it might bounce

[ancient marsh]

Show what?

[modest jacinth]

Balance breakdown

[ancient marsh]

Do you see how NQ has been chopping all morning in a range?

Now we are no longer in that range

[modest jacinth]

ok thx

[ancient marsh]

Doesnt mean we cant reenter and get back to balance, just means we have built energy and it could roll

[hardy iris]

Tsla and nflx earnings after closing bell

Well I'm long

Seems the fvgs are holding on 15m

[ancient marsh]

Good luck

[hardy iris]

Thanks

[ancient marsh]

Where are you wrong?

[normal barn]

Hope yall nailing this

NQ went within the Discount area and spike up

[ancient marsh]

No longs for me today

[normal barn]

Both ways for me

[ancient marsh]

No trades at all

Nice

[normal barn]

On the 30 min NQ is trying to go below final on that other indicator

2 different thing on different timeframes

[rose basin]

How can i alert when candle is touch red or green zone???

[wraith wharf]

Using the custom alert reversal zones, entering upper zone

[rose basin]

thanks

[wraith wharf]

I would wait for another BOS before I start thinking to take longs. Price might want to continue to re-correct from all that bullish momentum . Just my opinion on it. Though the 15m bullish engulfing candle looks decent. I dont trust it yet

Looking for another BOS or displacement back up to to target some upper PD Arrays

Need a decent close above 955

Action starting to look cleaner

Internal buyside broken through

ES targeting highs

[hardy iris]

noice

[wraith wharf]

https://tenor.com/view/noice-nice-click-gif-8843762

Well, GGs, it pays to have PAYance lol

[nocturne sigil]

one more push!

[wraith wharf]

https://tenor.com/view/greys-anatomy-miranda-bailey-push-birth-keep-pushing-gif-25053720

NQ getting held up at Equilibrium ES just pushing that baby up. lol

The bulls just dont know when to give up lol

https://tenor.com/view/galaxy-quest-never-never-give-up-gif-4398729

[nocturne sigil]

GOT IT!

[wraith wharf]

Yo its about to fly lol

Plus @hardy iris said we got Earnings at close

[nocturne sigil]

Happy with 8 ticks before close

bye

LOL

[wraith wharf]

Haha, GGs!

[hardy iris]

yassss

[nocturne sigil]

Matrix Turing Point on this one

[wraith wharf]

Ngl, it has improved and is much more accurate

[nocturne sigil]

Only 2 Matrix Bullish Turning Points during NY, and took them both

[wraith wharf]

https://tenor.com/view/sheeesh-sheesh-gif-22353817

[arctic wolf]

What's one of them

[nocturne sigil]

at open

Both Turning Points were at oversold levels

[modest jacinth]

wasn't there short one ?

[nocturne sigil]

yes, there was but didnt take it because its a bull bias today

1H said bull

[modest jacinth]

ok thx

[wraith wharf]

963 is holing as support which was previously internal BSL and in a bullish FVG if it continues to hold we can see more buyside if not then we go back to sell side

Earning coming up. No trading for me

[hardy iris]

Max chop

[wraith wharf]

Bounce on that 5m OB. Idk how people trade this lol

Overall good day, be patient and wait for your setup/edge. This is only on the eval. Going to focus this till funded so no live trades for me
3k/9k

[wraith wharf]

Did you continue after this?
You were doing Great!

[night flicker]

I fucked it up.. didn’t trail sl and didn’t tp

So got fully stopped out

Not sure what is up with me lately but I am a bit off

[wraith wharf]

Ah man, but thats nothing to get discouraged about. You know, thats part of it.
Your doing great regardless.
Seems like its the small stuff. You still got this!

[copper nexus]

time to start hitting up a float tank 2 times a week, does wonders for the brain

[night flicker]

Maybe go to the rooms where you break everything lmao

[night flicker]

Yeah, bot discouraged just frustrated a bit, is fine I’ll get over it by tomorrow

We broke down our strategy and built it up from the grounds up again with the information we got about when and where it doesn’t work

Back tested the last 2 weeks and seems to be working, basically the rules make shift from consolidation mode to trending mode to make sure that when the chart is consolidating you’ll still enter the trades and won’t make bad calls

We will see how it work tomorrow, hopefully as good as the backtest lol

Gn everyone

[wraith wharf]

Goodnight! Lets make that bread tomorrow!

[hardy iris]

Tsla beat expectations, wonder if we get a leg up

[wraith wharf]

How's it look in after hours?

[hardy iris]

it's down

not much reaction it seems

nflx missed revenue expectations but beat EPS

[wraith wharf]

We gapped down on NQ and ES. I can see us taking out some internal highs before going lower. Im still bullish over all. But I think we take out some bullish POIs before headed back up. We are way over extended on HTF, price needs to re-correct at least a little before We see new highs again.
Just my personal thought, speculation of course. We'll see what happens.

[clear cedar]

I'm going to sit on my hands until 2:00 a.m. and see what the market does when eu up opens

[normal barn]

Another 2 a. M. Trader

[sick salmon]

evening everyone

[ornate raven]

Evening

Anyone using the tap strat?

Just got 40 ticks out of the last tap

[ancient marsh]

Tap strat is garbo

It didnt even tap

[zenith crown]

Hey bro just wondering if you're able to show a video on the installation part setting up python and the scripts to use webhook trading via ninjatrader? Thanks❤️

[opal ridge]

Did anyone else take this one as well?

Good morning all

[normal barn]

Watching it now

[normal barn]

Inside that discount zone

NQ

[hardy iris]

buy the dip

[opal ridge]

Its on the move

[hardy iris]

I shorted NDX targeting HTF support

I could be wrong

OB should hold as resistance

[hearty rivet]

It’s forming bullish market structure

Why would you short

[indigo fable]

hello guys, hope you are fine.

I use Earn2Trade to trade futures. I see that the price for NQ 09-23 is totally different from one of tradingview (NQ1)

or, I made a mistake selecting it in tradingview.

Can someone please explain it to me?

[exotic copper]

@indigo fable has earned the Lux Level 1 role!

Yippee-Ka-yay just levelled up! 🍪

Welcome to LuxAlgo Level 1! Here is a cookie for contributing into the LuxAlgo community. Keep it up & thank you for being with us! <3

[sick salmon]

morning everyone

[barren lintel]

mss on the 15

[nocturne sigil]

morning

sup sup

[barren lintel]

Good morning!!!!

[topaz olive]

https://tenor.com/view/fox-taxidermy-dog-gif-14593541

[night flicker]

(Lux Pro) started hanging out with us more lately I see

gm

[nocturne sigil]

we hanging

[hardy iris]

That volume imbalance on 15m

[wraith wharf]

Good morning!
I'm actually awake for market open today lol

[lost moss]

GM everyone

[hearty rivet]

yoyo

gm

letsgo

[wraith wharf]

Hmm. Looks to me NQ been traveling downtown all night. ES sitting at sell side as support. Either see more chop at open then a trend or it's just going to blast off in a direction and no turning back

[night flicker]

my new strat is perfect

[hearty rivet]

gg!

is Unemployment Claims impoirtant?

news?

[wraith wharf]

Yeah

[stable talon]

HOW TO HAVE THAT RED BAR

[barren lintel]

its already passed though

[hearty rivet]

we just got a swept

[hearty rivet]

too much important or eh?

[nocturne sigil]

Still in your limo?

[hearty rivet]

if too much important ill only trade in PM

[hearty rivet]

lmao im home baby

well in my shisha cafe

aka my home

[barren lintel]

ooo

how low can we go

[wraith wharf]

Important enough not to trade it, but doesn't matter throughout the rest of the day

[hearty rivet]

sure? Alright sweet thanks

[north marlin]

What time is news?

[hearty rivet]

it happened already

[north marlin]

Ahh, good

[hearty rivet]

waiting for MSS

[north marlin]

Bullish MSS?

[hearty rivet]

i really wanna catch the next long

[north marlin]

So like 15,840?

[hearty rivet]

for past days we took every sellside, generated and manafctured new sellside liquidty

but none of the buyside liquidities have been taken

[night flicker]

hmmm

it was under forecast which means more people have jobs

and now Russia ins't in the grain deal so grain prices should rise and food prices in general

if I remember correctly India didn't produce much food as well because of the heat wave that they had

last year atleast so maybe we will see CPI increase again and interest rates will go back to being hawkish

[north marlin]

Hey Luke, does your Strat work on 1min?

@hearty rivet

[hearty rivet]

easy

300$

on the 1m

back to 5m

[hearty rivet]

yep

just took a trade

[north marlin]

Very nice

[hearty rivet]

ok 5 min setup

is getting ready

im entering on the fvg

[indigo fable]

MYM is good, scalp mode activated, hehe

[hearty rivet]

wanted to catch it early which i did but closed prematurely because 5m setup is getting ready

holy shit

i wish i held

no prob,

Mss

beautiful entry

weak MSS

[north marlin]

Probably OB

[hearty rivet]

OUT

actual setup will be known after this 5m candle closes

beautiful price action

tapped that fvg at the millimter

if it neters the fvg again im entering

if not in next few candles then price will just keep going up without revisitng because the liquidity it got for fuel is huge af

best we can do in second scenario is for london high to be taken

[cloud cipher]

@hearty rivet i can appreciate you sticking to your OG strategy often

what you just said aligns perfectly with what you have been saying the whole time

wait for MSS....wait for price to come back to FVG, then enter

[hearty rivet]

thanks bro, appreciate your kind feedback ❤️

i have few micros at start of fvg

[cloud cipher]

i did see somewhere that someone suggested entering twice. The first time on the MSS candle (in case it never comes back to tap, and then the second entry is on the pullback to the FVG You will go down on the first image on the pullback, but break even halfway back up the MSS candle

[hearty rivet]

and few minis at 0.5 fib near middle of the fvg

[cloud cipher]

and if it never comes back you still got that first entry to ride

[hearty rivet]

never enter on the mss, that just means you are trading breakout strategy and not consistent

[cloud cipher]

sorry i meant on the close of the MSS

basically before it pulls back to the FVG

[fair stag]

the tough part here is how to find price is leaving fvg?

[cloud cipher]

in case it doesnt pull back

[fair stag]

When should we take the trade once it touches fvg?

[cloud cipher]

so in this case you would enter at 890, and then again at 856

[hearty rivet]

thhat again is breakout strategy

its not consistent

if it breaksout good on you

[cloud cipher]

right but if it pulls back you have just averaged down when you enter on the FVG though, right?

[north marlin]

Should I enter now?

[hearty rivet]

if it decides to go down

then you will be stopped out

if not stopped out then you will be liquidated

the sl would be huge

[cloud cipher]

that is fair

[hearty rivet]

price almost at entry,

i suggest waiting for optimal trading entry which is around 0.5 fib at the fvg

[toxic widget]

am only trading Nasdaq, but at this exact moment I am no longer looking for longs. at all

[hearty rivet]

my micros are in

my mini is in

[toxic widget]

missed the short though 🙂

[night flicker]

beautiful short

closed

[toxic widget]

well done, Mish, you caughht it

[night flicker]

I mean..

[toxic widget]

I was talking on the phone, again 😛

[night flicker]

double sweep

first sweep was a loss

wanted to take the lows but meh, will take the profit here and let it run

[cloud cipher]

@hearty rivet whats your SL at?

[toxic widget]

should've placed a bloody conditional order

still a lot to learn here 🙂

[night flicker]

yeah its a bit different than crypto

[toxic widget]

I had the entry in my head at the exact time, by the minute

just was not around to place it

so I am learning fast :)))

[night flicker]

but these small differences makes everything different lol

[night flicker]

damn lmao

[toxic widget]

indeed, I had to give up crypto completely for weeks to improve here

my algo triggered the short on Nasdaq at 15755

current level is 15702

bummer 🙂

[cloud cipher]

you out yet @hearty rivet ?

[north marlin]

NQ still way down

[toxic widget]

will catch next long soon

3pm-4pm NY my next target

[night flicker]

lmao what a perfect entry

it will reach 08

[toxic widget]

I have specific hours to trade, just 2 each day. morning and afternoon sessions

[night flicker]

should've kept my entry lmaoo

[toxic widget]

1 hr each

[night flicker]

oh well

[night flicker]

so open and after lunch?

[toxic widget]

was telling early today in crypto chart I would;'ve left a short run to 15620

[toxic widget]

if green

[night flicker]

thats the full trade

we might consolidate so a long might be building here nowq

[toxic widget]

they hit the NY open gap, right?

[night flicker]

nope

I mean

ES did

NQ not

[toxic widget]

wasn;t it 15680?

[night flicker]

Dow not and RTY didn't have

[toxic widget]

not in front of my PC

[toxic widget]

now I know why

I trade US100 on Capital

different charts

[hearty rivet]

That was unexcepted

[toxic widget]

gap hit:

[hearty rivet]

this move doesnt make any sense

[toxic widget]

it does to my algo lol

have you seen Dixie?

my 15620 is more and more achievable now 🙂

would;'ve been a great short, ffs

[hearty rivet]

@wraith wharf turns out that red folder news is a full no-trade zone till pm session

[toxic widget]

it should reverse now

[wraith wharf]

Unemployment happened before market open, so were okay on that. We have HTF bullish PD Arrays that need to be corrected. The Existing Home Sales did cause some volume at the beginning of the hour.

[hearty rivet]

there is absouletly no reason for it to go down to those lows

[wraith wharf]

The bullish Imbalances on HTF needs to be re-corrected. We have been over extrended on the daily for weeks

[hearty rivet]

the MSS was weak and i already had that in mind but price didnt flinch in such aggression isnt typical

[toxic widget]

though Dixie does not approve the reversal yet

[north marlin]

I got murdered by that drop, nice way to start eval 🙂

[wraith wharf]

Plus to me it looked just like a sweep of that buyside. MSS was at the FVG. Shorts looked better.

[hearty rivet]

its not typical, the daily FVG is around 600 ticks away

i guess its one of those times price has to correct past few days moves and it decided to do so that now

with that much liq it has and it still couldn ttake out London high

instead it was able to reverse back with aggression

oh well 🙂

[north marlin]

You guys ever just trade on color flip? It seems to be decent

[hearty rivet]

my risk management was on point on this trade. good thing i entered with micros and only 1 mini con

[wraith wharf]

If on the HTF is our future goal. Banks need more liquidity to continue higher. Take out some HTF sell sides before headed back up.

[hearty rivet]

i didnt check daily bias tbh because there was no bias

now there is

That daily bullish FVG gotta be filled.

[wraith wharf]

Draw looks lower to me

[toxic widget]

almost there, @night flicker 🙂 15620 more and more closer

[wraith wharf]

It left a nice gap too to come back to later on. Like having a one night stand and they forgot something at their house. So they can come back

[hearty rivet]

[night flicker]

750 is the target now

[hearty rivet]

To be honest im not sad, i didnt want price to go up

the price action up top is too complicatd

[toxic widget]

as long as Dixie pumps like this, still no longs in sight

[hearty rivet]

why is dixie pumping

[toxic widget]

that little shit needs to stop

[hearty rivet]

whats triggreing it

im waiting for PM session for my next trade

[toxic widget]

have no clue, Luke, my info on stocks and indices quite limited as of now

but I recognize a strong uptrend move

[hearty rivet]

i still believe its this news we had an hour ago

[toxic widget]

and that's what the fucked up dollar has

[hearty rivet]

more people have jobs so dixie went spasticated

[toxic widget]

hence why my target of 15620 I mentioned earlier

opening the trade as well would;ve been even better lmao

[hearty rivet]

lmao

enter micros when unsure

[north marlin]

You are shorting this? Lol

[hearty rivet]

ill see you guys at PM session

[toxic widget]

I need to throw away the bloody phone one day

[barren lintel]

only did 1 or 2 micros today.

lol going to wait for abit

[toxic widget]

same here, see you all in the afternoon session

p.s. and hit, at 15626

[barren lintel]

15733 was my bottom target. going to be upset if it reaches it

lol

[night flicker]

another beauty

[toxic widget]

tricky Mish 🙂 so you did open it lol

[night flicker]

yep

I opened the long took a loss even though it wasn't 100% valid with my strat

but oh well

[toxic widget]

where the fuck is Dixie aiming at?

[toxic widget]

it just won;t stop climbing lol

[night flicker]

I think CPI might go higher now?

Russia no grain deal.
Retail are spending
Unemployment went lower than expected

[toxic widget]

I definitely have to throw away the phone

[barren lintel]

well okay then. not even sure what to do now

other than just wait

[hearty rivet]

we are going to that 1 day fvg

pretty damn fast lmao

[toxic widget]

nothing to do now really

not sure we will have anything to do in the afternoon session either

too fast, too low

[hearty rivet]

nah we will towards the close

final step of Power of 3

[toxic widget]

hiting levels in which nothing is clear yet

[hearty rivet]

a little pump above the lowest wick

[toxic widget]

finally, Dixie is moving back a bit

[hearty rivet]

at least bias will be clear today if it stats at this pace

[toxic widget]

crypto should fall like a domino now lol

see I was right about 15620, Micky?

did not expect below 15600 though

[nocturne sigil]

“AkersZones”

[toxic widget]

and believe it or not, did not have the time to take the bloody trade

good thing I announce them in advance all the time 😛

idiot :))))

[hearty rivet]

if aker entered every projection he said in advance

he would be billioniare by now

[toxic widget]

its' either the phone, the email, some colleague, everything possible to direct me elsewhere

crazy

[wraith wharf]

@night flicker GGs on that short.
No entries until more market structure is formed.

[wraith wharf]

Depending on Market Conditions, price may want to fill the gap

Highly doubt it, possible though. Draw still feels lower to me before we head higher

[night flicker]

personally I am in a long so expect it to go higher

just took profit lol

200$ on 1 ES

[wraith wharf]

Atta boy. We haven't hit 50% yet on the shorts.

I'm only take small scalps until then only up $350 on the day but I'm pretty happy so far

[night flicker]

nice

my trades were very nice today

tbh I made a wrong trade and it entered with more that I wanted so I got double fucked lmao but not in loss

[wraith wharf]

Yeah I've done that before. I thought I had 10 mnq but it was NQ 😅

NQ targeting that 85 level

Take partials and set BE and leave a runner

🍞

We need 85 or we see lower

That's some displacement back to the downside. If 50 doesn't hold well then back to shorts for me

Sell side is the draw again for me

You grabbing this free money? Lol

[night flicker]

free moniez fr

wop wop

[wraith wharf]

Love it!!!

Now we took some sell side, waiting for a pull back for possible continue down. Gotta look at HTF for next levels

[night flicker]

yeah we might go up though

[wraith wharf]

Yeah staying patient for next setup. I'm up $500 on the day so we'll see

30s is 50% well see how this retreaces with market structure then I'll determine the next setup. As long as the 1 and 5 minute are inline

[copper nexus]

https://tenor.com/view/whet-what-ew-can-you-not-stop-gif-9908266

some good movement today

[wraith wharf]

Agreed 👍

This may not even come to my area. Still waiting on more structure

[toxic widget]

Dixie still not stopping

structure not broken yet

[wraith wharf]

SMT with ES. ES didn't take new lows yet

ES only took internal sell side

Alright. I got some chores I gotta do. Good luck! I'll check out the charts later

[barren lintel]

Damn. Literally just had the fastest meeting ever. Nobody had anything to talk about. Now i can go back to watching the chart do nothing

[night flicker]

the strategy is to be built different

best strategy ngl

[barren lintel]

damn thats sick man

[night flicker]

NQ 1m my trades for the day

damn I deleted the trades on the chart for es

but we took 2

all wins lmao

5 wins for day might stop

found it

[west egret]

what strat is this

[barren lintel]

im not entirely sure, but ive been trying to follow it. With the info he's provided. Just grabbed this though.

not as big of a r/r, but baby steps

[wraith wharf]

Back in business, baby!

[night flicker]

according to the strat I did have 1 loss at the start

forgot about it lol

but fuck yeah!

knew exactly what I needed to reset myself

[ornate raven]

back on track

[wraith wharf]

Oh nice, some YM action too

[tired plume]

i know you’ve talked about it here but what’s your strat again?

[night flicker]

non don't use the previous strat

it is nice but sometimes getting the daily bias can be a bit problematic

plus if the chart is consolidating between highs and lows you wil lget fucked

[night flicker]

RTY + YM + ES + NQ

nothing is enough lol

[wraith wharf]

Haha, love those sisters.
I did do a gold trade today too. the short looked nice. Gold seems to either have massive trends or massive consolidation.

[night flicker]

I need to check gold with the new strat then

took another 15 points on YM lol

entered 2 contra so 150$

[wraith wharf]

Thats awesome!

Gold and Oil here 15m TF

NQ took HTF sell side.

[hearty rivet]

new lows taken

preparing a next trade

and we have offically entered the FVG daily

[wraith wharf]

Waiting to see how it reacts to it and how market structure forms.

It is HTF so it would be bigger trades I'd like to see how the 15m reacts to it

The sell off might continue

600s is a poi on the 15m

Melting like the witch in wizard of oz lol

Strong close on the 15m at the 15s. Looking for some sort of retracenents now. Who knows it's just dumping

[night flicker]

so apperantly the chinese lost like 178 Millions from the banks and the Chinese are made so they've placed tanks infront of the banks lmao

so maybe thats why the dixie went up today?

[lost moss]

What do you guys think about Ninjatrader? I'm using that right now because it's the platform my trading academy recommends. But I think the commissions are too high. I don't know any other platform

[wraith wharf]

That's actually a good platform. They have some better commission than most from what I hear. A lot of traders use it. I'd say your good to go.
Also depends on what your trading and if your trading with a prop firm

[lost moss]

Thanks @wraith wharf for your advise I'll stay calm working with Ninjatrader LOL

https://tenor.com/view/trading-investing-crypto-bitcoin-etherium-gif-21999030

[exotic copper]

@lost moss has earned the Lux Level 1 role!

Pedro(Lux) just levelled up! 🍪

Welcome to LuxAlgo Level 1! Here is a cookie for contributing into the LuxAlgo community. Keep it up & thank you for being with us! <3

[barren lintel]

think i need to restart NT. Im trying to place limit orders and it's doing market. 😕

[wraith wharf]

Yikes lol

[night flicker]

it doesn't sounds like much.. the only problem here is that taking into account the average amount that each Chinese has in the bank.. that a lot of people that lost their money

[night flicker]

take the hint and enter market

[barren lintel]

It worked out. Got an extra few points out of it

[night flicker]

lmaooo nice

[wraith wharf]

GGs today. Until tomorrow bread makers!

[hearty rivet]

yt-model i taught, daily-bias, breaker, inversion-fvg, order blockm 3-drives-pattern, bpr, immediate-rebalance, mitigation-block, top-down will be my new lessons

ill do one of these each day starting from today or tomorrow if god allows

volume imbalance will be in one of most important things we will use. great for entries, sizing in, sizing out, tp and sl

[sick salmon]

evening all

[barren lintel]

Howdy

[real parcel]

Morning all

[barren lintel]

@night flicker at what point do you decide you're at the top/bottom of the wave and mark the fib extension? I catch myself thinking I'm at top or bottom. But then the candle ends up going higher/lower

[barren lintel]

Morning?? Where you at? It's 725pm here

[sick salmon]

how are you

[past jungle]

NQ rebalance day tomorrow ?

[autumn thistle]

https://twitter.com/gurgavin/status/1682145771645292544?t=-Vev0nlyRDw4XADtWUkVFw&s=19

GURGAVIN (@gurgavin)

$2.4 TRILLION USD IN OPTIONS WILL EXPIRE TOMORROW GET READY FOR ANOTHER VOLATILE DAY

ALSO TOMORROW THERE IS A SPECIAL REBALANCING OF THE NASDAQ 100 TO LOWER THE DOMINANCE OF TECH STOCKS

Likes

987

Retweets

201

Twitter · Jul 20, 2023, 9:49 PM

[copper nexus]

IBKR paired with sterling or DAS trader is extremely OP

direct access speeds are godlike for day trading

fees arent too bad on IBKR either, ive used them for along time

[night flicker]

gm

[night flicker]

in generally it depends where the new small high was created, you usually want to see something like stair stepping or maybe a small liq grab, sometimes you'll see the candle reaching a littble bit above the previous small high and get rejected leaving a wick

since I am on the 1m the wicks have weight more, so we can continue with the trend

[hardy iris]

GM, took this short on NDX

this is interesting

[wraith wharf]

Good morning/goodnight.
It's 11:26pm here.

[hardy iris]

mornight

[night flicker]

good mornight

[wraith wharf]

Lol

[hardy iris]

Micky's hyperwave strat seems pretty spot on, been forward testing it

Fascinating

[wraith wharf]

I like to glance at it from time to time too. Works million times better than rsi or macd

[opal ridge]

Took a little scalp

[night flicker]

lmk when you're on, I'll send you an example of how I look at the chart

[arctic wolf]

bang it in here @night flicker im trying to get my head around your waves, is mss involved, timeframes etc

[night flicker]

so, one thing I noticed after using waves for a while is that it doesn't always goes a full wave so I am taking the 0.7 line now, but also to get a confirmed wave you need some confluence to push the price in that direction

for that we have either liq sweep or stair stepping

thats for the entry

as for the TP

0.7 is less than 1:1 RR?

meaning it will push above

one of the rules is, if we are pushing upwards with stair stepping / failed liq sweeps, we are looking only for trades WITH the trend

if we don't have that, we only look for liq sweeps and reversals

[arctic wolf]

lots to read... thanks @night flicker. what time was this on the chart so i can have a look

[night flicker]

2:37 NY time

also, a stair stepping you want it to be very close to the peak of the last high

if its too deep into the candles of the high, ignore the trade

[hardy iris]

NDX looks like it bounced equilibrium on daily

[barren lintel]

Good morning everyone

We grinding back to the top today?

[hardy iris]

Options expiry today

Looks like a dump if u look at options

But I think It bounced equilibrium

[barren lintel]

im laying low for the time being. its still early

[hardy iris]

turning point

[nocturne sigil]

Hows it all shaking here in futures land?

[atomic arrow]

looking bullish

[hardy iris]

your setup shows it's bullish

[cursive cosmos]

looking primed to drop imo

[atomic arrow]

nsdq might have reversal at opening bell

[nocturne sigil]

damn

[hardy iris]

i trust in the daily equilibrium bounce

but then today is also rebalancing

could be a bamboozle day

plus options expiring

plus funday friday

noice open

[opal ridge]

Not out the woods yet

[hardy iris]

spoke to soon

[cloud cipher]

i took the 3 min reversal on open...my SL was/is 720

came within two ticks of it lol

now i need to reevaluate my TP area

if i should cut while ahead

im trying to go 1:2

which is still above london low

but debating cutting now being friday and up

[night flicker]

small lil scalp

[cloud cipher]

should i have taken profit earlier ?

i mean im in now and doing well...

but should i have taken it the first time it came back to NY low?

London low iss till below us

[barren lintel]

5m MSS @hearty rivet Show us your ways. 🙂

[cloud cipher]

i still get a little confused on what liquidity to target for the TP areas

[hardy iris]

yea looking like a short

[hearty rivet]

Really

[wraith wharf]

I still think we have another leg down to touch some HTF support.

[hearty rivet]

I’m working in hospital

Having a look

es

Looking fire

[hearty rivet]

Looking for a SMT between NQ and ES is hard on phone but

ES doesn’t want to make a new low

[cloud cipher]

boom.
3min CHoCH+FVG entry 1:2

[pliant walrus]

these days are easy days!

[exotic copper]

@pliant walrus has earned the Lux Level 1 role!

Matchu just levelled up! 🍪

Welcome to LuxAlgo Level 1! Here is a cookie for contributing into the LuxAlgo community. Keep it up & thank you for being with us! <3

[wraith wharf]

I'm still in bed, looking through my phone lol. I just woke up like 20 min ago.
But from what I can see NQ and ES are pretty similar.

[cloud cipher]

i am running micros because i wanted a set dollar amount of risk...($300). So i ran 5 micros (which of course is 0.5 NQ).
I cut 3 at the TP mark

[west egret]

Anyone has a layout for the 5min strat

[hardy iris]

Spx looks weaker imo

[cloud cipher]

and i have 2 more set to TP just above london low

[hardy iris]

I'll take the spx short

[maiden patio]

Up $2200 on NQ (10 sec chart). There’s a huge buyer. Just waiting for them to move so I can hit the downside.

I like nice strong bars

[cloud cipher]

out. cut three at 1:2 and the other 2 just above London Low.
5 micros on the 3min CHoCH and FVG way back up at 15689

[wraith wharf]

GGs

[cloud cipher]

i cant believe it came within 2 ticks of SL

im glad i gave it a little room to breath

looks like previous high was 717.50 and it wicked to 719.50

so i think i will always do like 4 points just to be safe

[opal ridge]

https://tenor.com/view/waiting-gif-23395435

[nocturne sigil]

Anyone have an awesome strat for the #1128499789437354106 forum?

☝🏽

[arctic wolf]

well done. that sl was a bit big for my liking.

[wraith wharf]

My strategy is having your positive attitude and outlook on life!

[nocturne sigil]

POST IT

[cloud cipher]

i use a fixed dollar amount SL

and adjust cons to match the dollar amount risk

so SL size doesnt really matter as it will be the same risk no matter what

[night flicker]

lol

[wraith wharf]

🔄

[tired plume]

so you're using that fib extension for TP levels, not for entering?

[night flicker]

yep

[cloud cipher]

so is there a difference in MSS and CHoCH?

[wraith wharf]

Same meaning, different word. Like most things in trading lol

[cloud cipher]

i only ask because the ICT indicator did not catch the original 3 min CHoCH

i entered on the CHoCH and got a much higher entry than if i wanted for the MSS I have the MSS candle highlighted in brown)

[tired plume]

what TF are you trading on? i've never really used extensions but religiously use retracements for entries.

[cloud cipher]

and actually it looks like if i had waited and tried to enter on the MSS i would never had the entry as it never came back to the MSS FVG

[wraith wharf]

Indicators calculate different timeframes different, because one looks more clean on the one min, its not the case for a different time frame. I like to make sure they line up closely

[barren lintel]

WHATTT man i def thought he was using it for entering/exits

[cloud cipher]

@wraith wharf though i agree...like 75% (maybe higher) they both trigger on the same candle. there are times like today when they were slightly off...the PAC catches the smaller breaks better than the ICT indicator. so just curious if one is better than the other

[tired plume]

i trade pullbacks in the direction of the trend, based on market structure breaks, always enter at the 50% or 61.8%. i've never used them for TP tho, would love to know what's working for others (and @night flicker especially).

[night flicker]

1m

[night flicker]

yeah, but the extension fib is to calculate the next leg

[wraith wharf]

I wouldnt say one is better than the other. Market changes everyday, one may work better than the other on different days. But the main point is that you should be seeing a proper MSS or ChoCh on your own for higher probability.
This is if your manually trading of course. I see your working hard on indicators. Which is great!

[night flicker]

the next leg supposed to be the same size as the first, I noticed though that in fuutres it get rejected off of the 0.7 many times

so I TP there and fuck it lol

but if the RR is less that 1:1 RR it means that the second leg is bigger that 0.7 of the first leg so we expect it to make a wave bigger that 1 so 1.3 / 1.6

[cloud cipher]

i try not to solely rely on indicators, but i'm still not solid on identifying structure changes...so right now i try to watch with my eye and then get the confirmation if the indicator shows it as well...or if i happen to miss one the indicator lets me know

i dont want to miss a play all together just because i didnt see the structure change

when the indicator shows it i try to look manually and see if it makes sense

[wraith wharf]

Yeah, you did a great job identifying it today!

[cloud cipher]

thanks, i mean once i was in and saw the MSS trigger a few candles later

that was the double confirmation i was good

i was just a little concerned it had not triggerd when i entered

even though PAC had

its almost like if the yBOTH trigger you know for sure you got a true market structure change

[tired plume]

super helpful, thank you!

[night flicker]

did you yolo it? lol

its a new account

[lapis sparrow]

15 contracts best trading day ever !!!

[pliant walrus]

do you guys set the sensativity to what time frame your using or just always follow the optimal sensitivity?

[wraith wharf]

This is why I say its better to learn and observe because algos can calculate when to enter and exit and all that, but they arent fully profitable because they dont understand and see what we see. Market changes everyday.
So Ill explain what I see so far.

1. Not proper MSS because there was no displacement/continue momentum through it.
2. Proper MSS because it may not have displaced through the MSS area but price continued through it nicely, and still left a FVG on the one min for price to come back to.
3. Proper entry. Even though this looks good on the 1m but it doesnt look good on the 5m.
   You need to see on the 1 - 5m TF which would be the best possible entry.

[cloud cipher]

"You need to see on the 1 - 5m TF which would be the best possible entry."

This is a great statement. very valid. The 5 min didnt trigger today until almost my TP point on my 3 min entry. 5min i think still played out...but i liked the setup of the 3min

[stable talon]

where is the mms indicator

please

[cloud cipher]

https://www.tradingview.com/script/EBrp4RIL-ICT-Concepts-with-MSS-Alert/

[wraith wharf]

The Price Action Concepts has the market structure built into it. and the ICT Concepts by LUX has it as well.

[cloud cipher]

it is identical to the lux algo one ....except i just added alerts for when MSS triggers.
And you can have it highlight previous MSS candles because once a new one appears the text marking the previous one goes away, so it makes it easier to see past MSS.

[wraith wharf]

^

[stable talon]

ok thanks

[tired plume]

i've found that adjusting the internal market structure from 5 to 3 on PAC shows those structure breaks better (more like the ICT indicator), especially for trading on the 1-3m.

[hardy iris]

on all TF tbh

[tired plume]

it just makes it a little more sensitive to shorter timeframes.

[stable talon]

do i just use presetting

[wraith wharf]

Presetting?

[hardy iris]

think he means default

[stable talon]

which mean do i need to change anything in side your mms indicator

[hearty rivet]

Hit Tp on ES thanks babes @

15 handles ES

[cloud cipher]

stupid question on this.....i see you pulled to the top...but what was the start of the pull based on?

like for the peak to be zero, your initial point had to be below the image

what was it pulled on?

[night flicker]

oh wait I'll send a clearer screenshot

[cloud cipher]

im not doubting your logic....i liked it....i was just trying to study how you pulled it and i couldnt figure it out LOL

[night flicker]

yeah you just don't see the low that created the stair stepping lol

mb

[cloud cipher]

i still dont

it stops at .786

LOL

its ok

[tired plume]

pretty sure the 1.0 would be just below this screenshot. i'm still getting to know extensions, using them the way @night flicker does.

[night flicker]

with this strat my tp is at 0.7

I am a bit flexible with it though

on NQ I usually take tp at around 2 - 5 points less and on ES I take around 1 point less

so here for example I saw that we have a top that is on the 0.6

and with the market conditions I wanted to take tp at the previous high

a little bit above

[tired plume]

this is all super helpful, thanks so much!

[night flicker]

yw

I can send my trades after I take them

keep in mind that I follow the trade and sometimes close it before

[wraith wharf]

Careful guys, wait for a trade. its fussy pooting around in this order block and hasnt displaced past MSS area yet.

op, there is goes

[topaz olive]

Guys I had a question is $250 with 5 contracts a super tight stoploss or what should be my stop loss when trading with 5 contracts

[wraith wharf]

That what I typically use.

[topaz olive]

This is something that I struggle with

[wraith wharf]

If its to much, then size down

[topaz olive]

Because I feel like $250 is a super tight one which stops me out a lot

[night flicker]

NQ / ES / MES / MNQ?

[topaz olive]

For ES and NQ and sometimes CL

Pretty much the same on these three

But mostly ES and NQ

[night flicker]

what TF?

NQ its 12.5 points.
ES its 5 points
CL its 25 ticks

CL I think its enough

ES and NQ might be tight depending on your TF and your entries

when my strat did 5+ RR my sl was 10 points on NQ

[topaz olive]

Are you talking about trading with one contract or with all five ?

When you’re talking about points and ticks

[hearty rivet]

Beautiful trade

[night flicker]

oh shit

forgot its 5 contracts

that super tight lmao

you are on NQ not MNQ

[topaz olive]

YESS HAHAH 😂😂

[night flicker]

lmaoooo

1 point on ES??

look at the 15 seconds tell me how long it takes for it to do 1 point move

[topaz olive]

This is why I want to get some advice on what should be my stop loss on es or nq

Because my stop loss on ES is around 1.5 or so

Which that is super tight this is why I want to expand my stop loss but I don’t know to how much I should risk @night flicker

[night flicker]

I mean

if you feel like you are risking too much enter with less contras

[topaz olive]

True i’ll size down on CL and ES to 3 cons or 2 cons and on NQ it will be 2 or 1

That should do it right?

[nocturne sigil]

#💬hangout message

☝🏽

[topaz olive]

Oops😂

[wraith wharf]

You selling drugs?

[nocturne sigil]

hahahaha

just wanted to see what everyone would like to see in some Lux or members videos, maybe we can point Smack in a direction, LOLLLLLL

[night flicker]

[wraith wharf]

Ohh, want our input. Lux is pretty OP as it making it easy to combine and create easy strategies and its flexibility to do so.
Id have to think about it.

[nocturne sigil]

Cool, yeah just some ideas. Maybe if we get some unique interesting Lux topics, just maybe, we can get a video on it by the Lux gods.....

[copper nexus]

depending on the TF put your SL below the previous candle

if its scalping the 5min, toss your SL just under the previous 1-2 5min candles

[topaz olive]

Thank you!!

[wraith wharf]

Happy Friday guys, Im going to be wandering around thinking about what Im doing with my life until Monday comes around lol.

Hope everyone made some decent money today on those shorts

[hardy iris]

Is there a reason why no one is disclosing Winrate on strategies, especially the lux team's strats

Like backtested 30 trades winrate or something

[copper nexus]

win rate doesnt really matter all that much honestly

you can have a 30-40% WR and still be profitable

alot comes down to risk management

[hardy iris]

I know, plus the hypothetical ROI given a certain risk size or RR

It is after all data that can be reliable

Imo

[copper nexus]

yeah

theres journaling tools like tradersync/tradervue that help give you all that data after you import it from the broker

it can be pretty handy

[nocturne sigil]

Because its not about win rates, because they dont mean anything at all, really. I may have a 90/10 win rate when I trade a chart, but for someone else, they will blow their accounts, because there is alot more that goes into inidcators or signals. Theres fundamentals, there's the fear and greed of each of us, how we each handle stress...etc

My win rate is a win rate for me, as a person, and how I read the charts. So you need to find your way, and your own personal win rates

[copper nexus]

exactly, i wouldnt get too caught up into WR, focus more on managing risk

good risk management will save your ass long term

[nocturne sigil]

When I see vendors posting win rates to sell indicators, then I RUN away as far as my legs can take me

[hardy iris]

True, it all really just comes down to managing risk

[copper nexus]

exactly, gives you another fighting chance

[nocturne sigil]

This is why I stick with LUXALGO, true honesty in this space, hard to come by.....

[copper nexus]

a good thing to focus on too is instead of the traditional "how much money can i make" process, turn it around "how much money will i lose" losing money sucks

[hardy iris]

Yea Good way of putting it

[nocturne sigil]

@hardy iris Have you read this post from Lux, very interesting post: https://www.tradingview.com/chart/SPX/enKVc3nN-The-Philosophy-of-Selling-Technical-Indicators/

[hardy iris]

Haven't

Will look through it

[nocturne sigil]

its pretty good, how many indicator companies would write this? not many I dont think

[copper nexus]

most are garbage imo, i spent a week once after an injury going through almost all the indicators on TV, i was bored ok lmao and pretty much 99.8% are just copy/paste/garbage/some sort of scam

theres maybe like 5 venders that are legit/solid

[nocturne sigil]

YUP, run away

[copper nexus]

lux/few others

[nocturne sigil]

What if I said my strat is 99.999% win rate, what would everyone think of that? LOLLLLLLL

[copper nexus]

yeah exactly, people never factor in the compounding growth with such a crazy high WR either, ive met people who have claimed 100% WR too

but its easy to call them out, you just need to show them the compounding growth stats, after 1 year of yoloing they would be wealthier then elon with a perfect WR

its just not realistic at all

[nocturne sigil]

[copper nexus]

taking losses is good for you too as a person

as odd as it may sound

you learn a ton from your losses

when you win all the time you dont really learn anything new

obviously dont ruin yourself but, managed losses

[nocturne sigil]

In order to get to the win streak, you have to get to and through the few losses. Its a must. You have to get through the 3 losses, in order to get to the 15 wins...

[copper nexus]

exactly

[nocturne sigil]

they are on the same one lane road, no other path, cant go around to avoid the losses.