💬hangout

[high marsh]

Perfect. thank you for sharing. Learning a lot here

[past needle]

It took me a while too and watched a ton of videos on it so don't feel discouraged.

[past needle]

Remember, they all work in conjunction.

That's the key.

[high marsh]

yes, that is my takeaway. Confluence of all the signals.

[old crow]

Reversal Bearish Dot on the 5m Matirx

Reversal and MoneyFlow. The key for my PAC, is price action #1, anything added is just icing on the cake, I dont add too much as PAC is suppose to be bare price action structure analysis. If too much added, then Ill go back to my Signals/Overlays HA template and rinse and repeat for 10 pips....

If I waited for the proper entry with structure change and FVG tag entry, like I noted in my earlier post, then the Matrix Turning Point Down was the perfect trigger

[past needle]

[high marsh]

Great. very clear now! 👍

[gritty kite]

Jolt's job opening, Non Farm Payroll data all coming up tomorrow .

[spark tree]

@old crow @thin trail
*Tagging Smack as he requested *
*Tagging Micky for his opinion *

Potential Candidate for setup series.
Indicators: PAC and Ossilator Matrix

Setup Objective: This strategy aims to capture high-risk-to-reward (RR) trades by identifying reversal points on higher timeframes and trailing trades on lower timeframes. It employs the PAC indicator for trend direction on higher timeframes and the Oscillator Matrix to identify strong reversal points on lower timeframes. Entry typically occurs at the hyper wave inflection point, and trades are held until the stop loss (SL) is triggered or a change in market structure on the lower timeframe. Trailing stops are implemented using OB (Order Blocks).

Previous Testing:
Sample Size: 70 trades
Pair: US30 (Strategy is not pair specific)
Date: N/A (I did not intend to share this information before the announcement of the setup series)
Winrate: 43%
Profit Factor: 2.1
MAE: N/A (unavailable)
MFE: N/A (unavailable)
(I strongly recommend conducting your own backtesting before implementing this strategy live)

Example:
https://www.tradingview.com/x/tzWzNpe6/
In the provided screenshot, the daily timeframe indicates a bearish trend. Consequently, on our 1-hour timeframe, we exclusively seek strong sell reversals.

https://www.tradingview.com/x/IdLDfSn5/
In the image above, I have highlighted the areas of interest on the 1-hour timeframe.

https://www.tradingview.com/x/cxuxFFQN/
The above chart demonstrates an example of an entry. We received a reversal signal and waited for the hyper wave entry trigger. Stops were trailed at the highs of the order blocks, and the trade was exited once the market structure changed.

https://www.tradingview.com/x/YmRqvxLy/
The trades within this region demonstrate their net performance. You are welcome to verify this information independently. The analysis period was from April 22, 2022, to July 27, 2022, with the symbol US30.

[spark tree]

Regarding the stop loss, I personally employ the swing high from the hyper trend as my stop loss level. However, you also have the option to use the Average True Range (ATR) or the signals and overlays stop loss feature for determining the appropriate stop loss. It is important to note that during periods of losses, there might be a temptation to make adjustments. While adjustments can be made, it is crucial to bear in mind that constantly modifying your rules can lead to overfitting your strategy to the current market conditions.

Additional Note: With a high-risk-to-reward system, it is not uncommon to experience a significant number of consecutive losses. It is essential not to be misled by periods of consecutive wins and instead adhere to the predefined rules of the strategy.

[past needle]

Thanks.

[gritty kite]

So many messages to take home here

Love it. Thank you

[spark tree]

Yea it's a lot but wanted to be very detailed in describing the strategy to avoid too much questions

[gritty kite]

People always ask about strategies. I guess we should have a subsection where people can post their strategies.

I wouldn't want all your messages getting lost

[spark tree]

It was recommended but for now we were told to just continue to use the VIP chat.

[old crow]

WOW, this is a great, let me take some time to read......

[thin trail]

Really awesome & good candidate 😉

Checking it out deeper now and will follow up soon

🔥

[gritty kite]

Give him a cookie @thin trail He is helping the community 🙂

[old crow]

First things first, how the heck did you inlay the Daily within the 1H chart?

[spark tree]

Took a screenshot and added the image to the chart

[old crow]

ahhhhh

learn something new everyday

LOLLLLL

Heres a cookie

🍪

@spark tree At first read, looks great and something new....Ill re-read some more to get the gist of the strat, but so far, nice write up, and easy to follow along....

[gritty kite]

I guess that strat should be sticky. People in different timezones would miss reading it

[old crow]

they snooze, they lose

LOLLL

[gritty kite]

You are brutal 🙂

[old crow]

When ever I wake up and come in, I always scroll all the way back to where I left off the day before

I have issues

LOL

[gritty kite]

Same here. I get accused of spending too much time looking at the monitor

Market's closed Micky. Time to crack open that bottle

[old crow]

This only means, time to play with some theme colors

[gritty kite]

You will show it to us when you are done. Won't you?

[old crow]

I think im settled in with my theme now....

[past needle]

wdyt?

[old crow]

I think 1m is scary, what does the 15m or 1H look like before I take an entry on the 1m?

[past needle]

wow

[old crow]

this might just very well go up to take the OB near the 15m equilb

[past needle]

Hmm...

[old crow]

so that 1m liq grab may be the clue

🤷🏻‍♂️

[past needle]

Very curious..

[old crow]

im also seeing some large gaps, do you have this set to extended hours?

[gritty kite]

Nice one Micky

[past needle]

Idk, I didn't know that was a setting lol

[old crow]

chart settings > symbol

[past needle]

Thanks.

[past needle]

It's regular

[old crow]

it may or may not fill in the opening gap entirely, but i always have the extended ours on so i know what was going on before and after closing and makes the indicators and levels a bit more accurate...

[past needle]

I will turn it to that, thanks for all your help!

omg so much better!

[umbral marten]

I like it bruh, share the settings please

[old crow]

WHOA, stop the presses...

Have a good night everyone on the other side of the world 👋🏽

🌐

[tough goblet]

Sure you are. 🤣

[ashen cloak]

Hello, I’m new to LuxAlgo, so this may be a dumb question, but what is the Matrix?

[tough goblet]

https://tenor.com/view/theyre-in-for-a-very-large-surprise-shipwreck-polly-lady-jaye-gi-joe-a-real-american-hero-gif-17530133

[tough flare]

tbh its the only real useful tool imo in the package its an oscillator

[ashen cloak]

Oh, the oscillator. Got it. Thanks!

[tough goblet]

https://tenor.com/view/kermit-say-what-what-gif-15506364

[old crow]

Hey there and welcome. Take a look at the Matrix video https://youtu.be/ujisD2JieZA

[past needle]

Micky, do you always wait for CHoCH or CHoCH+ and a FVG when thinking about entering a position?

[ashen cloak]

Thanks for the help!

[old crow]

Hey there, Ill be honest, I am not the best one for structure ICT methods. I know the general idea and workings, by no means, I am the go-to person. So with that, yes, after price hitting point of interest level, wait for MSS to form as a result of a displacement candle, then a FVG should form, and then wait for price to pullback to that FVG for entry. Thats the gist of it, from what I know....I am sure there are others can confirm or slap my face, so I am ready....

https://tenor.com/view/slap-slapping-big-slap-russian-ko-gif-19814678

[past needle]

Thank you. That helped.

[old crow]

This is one simple concept. There are many more, hundreds of more, but I will learn a few, and pick one or two to concentrate on and look for to take entries. Higher odds in me being good at 1 or 2 things, versus me trying to be an expert at 20 things

• I am good at TV chart color themes

😹

[past needle]

Yes, I agree 100%

[old crow]

Silver Bullet sounds very simple, and clear cut rules for a specific times during NY session. This is on my radar to perfect as well. When market opens, look for Silver Bullet 10-11am NY, after that we are done with the Bullet, now we stalk for the basic core set up of OB>choch/mss>FVG

Thats the game plan for me to perfect. 2 set ups to look for during NY

Then do or die, done for the day

[past needle]

You seem to have a lot on your plate which is good.

[obsidian copper]

Right, super important quesion here. Who knows how to automatically open trades to my broker once lux prints a signal? But i need a custom SL

[old crow]

And I always have my Signals/Overlays HA 10 pips strat, cock and loaded

[old crow]

That can be done with 3rd party services....There are a bunch of members here that do that, you could ask around.....This is the one thing I am a total noob on, and have no idea where to begin

[obsidian copper]

i know how to use pineconnector but i want my SL to be at previous market structure, so not fixed SL which is my issue.

[past needle]

So when you're using signals/overlays, you're using heiken ashi candles?

Somebody told me those weren't accurate, but I actually like them better.

[old crow]

Which is a very sound TSL, using the previous structure level...

[obsidian copper]

Well i've backtested the signals from january to present on EURUSD on the 5 minute and had a gain of 163% risking 1% per trad. Now just need to forward test. But i'm still at work so i cant open every single trade that pops up

1:2RR

[young sand]

@obsidian copper has earned the Lux Level 1 role!

masterwar64 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

[old crow]

Yes and yes. Yes I use HA with Signals/Overlays, and Yes they are not accurate. HA is a smoothing overlay that has a different bar formation using the average. The HA bar does give accurate H/L's, but false open/close data. Your entry will not be accurate and your exits will not be accrate. But for me, I dont care, I just want 10pips somewhere in the middle of the price trend move.

That is why for PAC, SMC, ICT, I use regular candlesticks for accurate structure levels

[past needle]

I see, thanks.

[old crow]

WOW thats amazing, and I trade EU. Good stuff.

[obsidian copper]

I mean the results don't lie. i followed my rules to the T.

i was a bit sceptical as it seemed too good to be true but it's all there 😅

[old crow]

Which structure did you use on EU? internal or swing?

default 5?

[obsidian copper]

what do you mea by structure?

[old crow]

what was your entry trigger?

choch?

and move SL to next OB?

[obsidian copper]

No i only used the signals and overlays indicator. That's it No price action

[old crow]

OHHHHHHH, ok

[past needle]

damn, that good?

[obsidian copper]

I got these two on my chart from march

[old crow]

so when you say move SL to previous market structure, what defines that with no PAC on your chart?

[obsidian copper]

The win rate is below 50% so it's not perfect but with 1:2 R it's huge wins

[old crow]

ahh, after signal, look for previous high for SL

[obsidian copper]

literally just the previous high before my entry

[old crow]

bingo

[obsidian copper]

Sl no more than 15 pips

[old crow]

do you have the stats on the avergae pip amount for these wins?

[old crow]

curious to see if its near my 10 pips or if i should target larger TP with your study

[obsidian copper]

i would have to remove the losers to work out average win in pips give me two minutes

[old crow]

$1k to $14k in no time, nice!

[pseudo crow]

That’s a good profit

[obsidian copper]

the average for wins is 25 pips

[pseudo crow]

How can we use this to

[old crow]

Dang

[obsidian copper]

Rules: Trade 5 minute EURUSD. enter any signal trade that isn't on a purple candle. (obviously use a bit of discretion if it looks like a really crap trade) Set SL to previous high or low. No more than 15 pips. TP 1:2RR Only trade between 7 am and 7pm UK time. Let trades run until SL or TP no stacking trades. ie ignore all signals whilea trade is open

that's what i did anyway. You could probably do it on any time frame though

[pseudo crow]

That not hard at all

[obsidian copper]

That's for my SL of around 15 pips though so it greatly varies on how you calculate it

[pseudo crow]

How much you use you capital

[obsidian copper]

I want to trade really simply. not overthinking it just following the signals given

[glacial bolt]

May I ask if autopilot is enabled?

[gritty kite]

@obsidian copper congratulations

[obsidian copper]

No, i set it to 12 for the whole test

[spark tree]

Is this profit factor suppose to be 6 ? Or 66 ?

[obsidian copper]

66

[obsidian copper]

thanks

[obsidian copper]

yeah if you move around the risk and start balance it goes into the millions 😂

[past needle]

@obsidian copper Did you set the dashboard to the optimal sensitivity for the trades?

[obsidian copper]

No it's set to 12 for everything

[past needle]

Ok

[gritty kite]

Wen Lambo? 😃

[obsidian copper]

this graph i'm using is also compounding the wins. So the percent risked increases with every trade won or lost. Hence the massive growth

[obsidian copper]

it's just a backtest to see if it was profitable unfortunately. Maybe in the future 😂 😅

[obsidian copper]

yes because when it usually returns to the previous high or low you have a ChoCh so you might as well get out of the trade and look for the next opportunity

[graceful tapir]

Ok cool. Must just be a problem w crypto. I just tried forex pairs on mine and that works for me too. Thanks for checking.

[tough goblet]

Are you using HA or standard candle?

[obsidian copper]

standard candles. They're just painted over by the indicator

[past needle]

I did not know real-time market data for TradingView already came with the Pro+ subscription.

Can someone verify that for me?

[atomic ocean]

Good morning(from Aus!) I have a couple of questions re the amazing matrix! I just want to check that my interpretation is correct ( like to understand what I have on my chart) and attach a chart with questions on it for ease. Many thanks

[spark tree]

Test

[neat turtle]

Might be a really good long here on NQ

[hidden moss]

we back

[old crow]

Got this 3 hours ago before Discord took a crap.

[old crow]

Have you gone through the docs and Matrix vid? https://docs.luxalgo.com/lux-algo-premium-indicators/lux-oscillator-premium/

[atomic ocean]

Yes I have both more than once!! even the latest description re the indicator on TV. I suppose it is the small dots below and above the confluence bars that I am more unsure about re their purpose. I understand the triangle, the rest is about ensuring that my interpretation is correct. Anyhow thanks for the response Micky.

[gray lake]

say using matrix. on a min what should settings be

[edgy basin]

Damn bro, thx for help me with the oscilator matrix, is amazing

[gritty kite]

Discord Log #3

Legend has it that when he switches off his laptop, Discord goes offline!

All we know is that Master Trader Mickyyyy! @old crow is in the house to help you be a better trader!

Good morning Micky. What is your game plan for today?

[old crow]

Those dots or triangles above or below the confluence zones are reversal signals. Possible pause or trend change. May give you a heads up clue before a Turning Point up or down…

[old crow]

Haha how did you know I just opened up Discord?

Just scanning the EU and ES/NQ

[gritty kite]

JOLTS job openings report coming soon

look at AUDJPY on 15m

what do you see?

[neat turtle]

still have time to play the long i believe

on the 5min you just got a flag flip on smart trail

expect some action coming

[lament niche]

gold is acting funny today eh

[zinc latch]

good morning

[past needle]

Micky is definetly the goat!

[edgy basin]

It's a short

[edgy basin]

You are the best bro

[neat turtle]

you need to wait until that support zone has broken on the 1hr middle bottom

if you get in a short now your going to get wrecked if it bounces

you are IN the smart trail on the 3 min the 5min the 1hr and still bullish on the 4hr

same exact movement happened yesterday and you had a 100$+ reversal

now it may break down it may not but you def should wait for confirmation

[edgy basin]

I'm shorting ftm, I have my sl in entry point

[edgy basin]

Thx my bruh

We have sfp at 4h tf

Told you 🙂

[neat turtle]

once again

if you do not break and confirm below 15255 and that support zone goes away

a short is dangerous

if it breaks i'd look for a bounce possibly off the s3 pivot and trama line at 15193

[hidden moss]

where do you go to trade with this indicator? and where are you going

[past needle]

Question, what timeframe do you normally look at for your type of trading style?

[neat turtle]

5 15 1hr

[past needle]

Thought so, thanks.

[hidden moss]

does anyone know a good setting for luxalgo so that you know where you go in and out? for long trade

@old crow

[past needle]

Turn on the long term autopilot, should be in the signals & overlays.

Or fix the sensitivity and make it 20+

[hidden moss]

but in his videos everything runs so well but in real life the singails don't run well at all

@past needle

[past needle]

Who's videos?

[hidden moss]

Luxalgo

[past needle]

I would recommend adjusting the sensitivity to the dashboard sensitivity, it gives very good signals (and accurate)

[hidden moss]

I've been busy for half a year, I haven't made any profit I don't know what strategy to do and so can't find anything good

[hidden moss]

but how and when do you go out of business?

[past needle]

What indicator do you use? Do you use multiple?

[hexed shale]

Does not access LuxAlgo Premium Backtesting System with VIP account?

[hidden moss]

luxalgo but can't find what is good and then again seems good and I have no idea where you go in and out

[past needle]

You have to get the yearly one I think.

[past needle]

Use the dashboard sensitivity or turn on the autopilot, those work the best for me.

[hidden moss]

I have 3 months

[hexed shale]

Yes, I already 1 year subscription.

[past needle]

Contact Lux Algo #🤝support

[hidden moss]

o okay what are your settings will you share them in private miss and what time frame you use

[past needle]

I use the 15 min timeframe because I use price action concepts along with the signals indicator and I've found that it works the best with the order blocks and price action.

So 15min is my answer, but it all depends on what your trading style is.

[past needle]

For the settings, I adjust it to dashboard sensitivity for the signals and overlays

or turn on autopilot which automatically does it.

[hidden moss]

i have no idea i never make a profit can you share your attitude ? of is standard

[hidden moss]

I have this

[past needle]

Your good.

[hidden moss]

isn't right though

[past needle]

What's not right?

[hidden moss]

at what points do you buy and sell?

he also gives fake signals

[past needle]

Look to the bottom right, if you see the dashboard, you'll see the 'Optimal Sensitivity', change the sensitivity in your Signals & Overlays indicator to that number. That should help.

Should be in the input section.

[atomic ocean]

Thank you

[past needle]

No one can predict where the market is going, but it does have a high win-rate just using the signals and overlays.

But you double your chances when using them in conjunction.

[past needle]

Yeah, now press ok and you're good.

[hidden moss]

okay but there are also best way fake signals how does that work

[past needle]

Using the order blocks and the matrix.

It can rule out false signals.

[hidden moss]

but at what points do you go out and in then I don't understand

[past needle]

That's where the price action concepts come in to play. Order blocks can tell you support and resistance. If you look, the price bounces in and out of the order blocks, which have a number in it.

The red and green indicate the buying and selling volume of that level.

The number indicates the volume of the order block. The larger the number is, the more likely the price is to bounce off or bounce below it.

50% is what you want to look for.

[hidden moss]

o okay and the exit when do you do that?

[past needle]

Well if you see a lot of buying volume and the price going upwards towards the order block, it will most likely bounce downwards. The red CHoCH and red BOS can be extra confirmation.

CHoCH means change of character and BOS means break of structure.

Green means it is going in a bullish direction. CHoCH+ is a very good indication that price is changing direction.

So if you see a buy signal and then a CHoCH+, take a bullish position (a long position)

Same goes for bearish, just opposite direction.

Also if you see a BOS after a bounce off the order block, that can be a great indication for where the price could go.

[hidden moss]

O Okay

[past needle]

Does that make sense?

[hidden moss]

thx I'll see if I can put something right and do it thanks for your time

[past needle]

Anytime!

[hidden moss]

👍🏼

[past needle]

example

Good luck everyone!

[sterile cosmos]

That was offered with lifetime, which is no longer available.

[past needle]

They have no reason to still have it up.

[hidden moss]

what do you think of this ? @past needle

[past needle]

It's good. 👍

If it matches your trading style then I'm all for it.

[old crow]

Nice measured moves on the EU 5m

[past needle]

Did you ride out that move down?

If that were options, that would be a ton.

[old crow]

Nothing today, yet. I just took two shorts yesterday, one in the eary NY morning, and the 2nd when Discord was down during Asian

[little flint]

https://tenor.com/view/running-from-storm-tornado-motorcycle-bike-ride-gif-17062718

[past needle]

Nice! I think I took one trade yesterday lol

[finite bear]

MAJOR NEWS IN 2MINS LADIES AND GENTLEMEN

[hidden moss]

yes, but when should I go out of business?

is there something for an indicator that you know to trade there about?

[past needle]

Order blocks are a big one.

Also patterns, look for patterns.

[hidden moss]

which one do you use from luxalgo or something

[past needle]

Price action concepts.

[past needle]

Price action concepts.

[hidden moss]

what do you mean patterns?

[past needle]

https://www.investopedia.com/articles/technical/112601.asp

[hidden moss]

so then that red line I put should be removed?

[past needle]

If it meets what you want to do then don't remove it. If you think it's pointless remove it.

[hidden moss]

but those bars are exit levels ? do you have it in long trade?

[old crow]

Dang dang

Nothing for me

Nice juicy move on EU but that formed before news

Oh well, better safe than sorry

I’ll show that in a bit, let me stalk something else now

[past needle]

$400 profit scalp on TSLA.

[past needle]

If it was bullish, then the bears make take it over.

It's basically a fuel tank

[proper wing]

@old crow Not a good way to start with, but I am human being, not a robot. Probably sit on the sideline.

[sterile cosmos]

Statistically impossible to avoid those @old crow, all part of the fun.

[zinc latch]

not everything is like we think, we take losses and winners, we just have to keep trying...buy the way i havent seen the J_SUS Zone yet, i like to see it....keep trying....

[proper wing]

Gm everyone, ES chart with today's level. Trade safe, and manage risk

[night lion]

@old crow with the matrix , what’s the practical difference in TS of 2 vs 4?
I’ve read all the available lux literature and the math isn’t discussed nor the application

[old crow]

Eh, just a paper cut, youll get it back and then some

[hidden moss]

but does anyone know how to take your profit? I don't get it

[night lion]

@old crow I’m scalping Indices from 1 minute chart

[old crow]

The math is not discussed as it is a proprietary within the code. But adjusting the numbers will lengthen and smooth out the turning points

[old crow]

1m gives me stomach aches

[night lion]

US30 on 15 min is tough to pull off..at least for me

[old crow]

DXY

EU

ES Futures

BTC

[past needle]

Market is not doing much today.

:/

[old crow]

https://tenor.com/view/confused-meme-girl-uhmmm-what-gif-25262488

[past needle]

We look at different stuff lol

[tough goblet]

Had some fun with GU this am. Net +12p.

[old crow]

My PAC template set-up - 15m TF with 1H OB's shaded - 5m TF with 1H OB's shaded

[past needle]

Market pricing in 95% chance of 25bp hike

[gritty kite]

@old crow nice PAC chart. What timeframe do you use for order blocks?

in the settings I mean

[old crow]

This was the set-up I mentioned but I didnt touch it as it was news time, and Ill be honest, it would had been touch and go with my itchy fingers closing this out before it played out. - When 1H price tags into its OB, I drop down to the 15m and see 15m OB's overlayed on the 1H OB's, perfect area to look for a short set-up. Then I drop down to the 5m TF with the 1H OB overlayed. Price bounced violently bearish off of the 1H and 15 OB's, wait for CHOCH/MSS formation, then wait for the displacement FVG to take the entry short. Needed patience to have it played out, without FOMO talking in your head. Its played out, but to be honest, in rel time with news, it would had be a nerves all over the place....

[old crow]

15m chart has the 15m PAC's and the 1H OB's, then the 5m chart has the 5m PAC's and the 1H OB's @gritty kite

This way, I get to see 3 TF OB's with this set-up

[gritty kite]

Awesome. It is the best of both worlds.

[tender thistle]

it looks like the same move could happen again, but this time up

[old crow]

With my HA Signals/Overlays template, here are the set-ups. On this template, there was no short play that recently happened at news, I would had still waited because there was no clear bearish Confluence Zone on its own....

[tender thistle]

and before this drop, the eaxct same thing happened on the way up

[old crow]

For EU, maybe, its going up hard, need a choch/mss on 5m for me

I think its running away, maybe nothing on this for me, dang

This EU action before, during and after news is probably rekt'ing some

But on the 15m, it just mitigated the FVG after the choch

hmmmmmm

another down move coming?

[tender thistle]

looks possible

sucks that it didnt give an entry to the move up

[old crow]

Yeah, but thats good, it stalled now, this would had been not good if we went long, lets hope

[grizzled mesa]

@old crow - As you see the green HW signals for no reason while money flow is red... I am seeing frequent false Hyper Wave signals for stocks....I tried to play the settings but no use...which signal to trust in this case for exits..

[old crow]

This was perfect Matrix. The green HW turning point gave you a clue that the bearish move is slowing down for possible trend change or just a pull back exhaustion area, while MoneyFlow is still bearish. Look at the candlesticks, you see the pullback exhaustion during the bearish move

perfect Matrix set-up you have

💯

What asset is this? TF? watch for the HW turning point down

[grizzled mesa]

MDB on 5m chart

Green turning point came way early and stock continued to slide for 5-6 candles....I am seeing this in SPX and other assets....it triggers me to exit early

[old crow]

One of the best Matrix charts I have seen today

[grizzled mesa]

I have signal setting 3 with TS

[old crow]

You call that early, I call that a good heads up. Adjust the settings to what you prefer, and just trade it everyday.

The move triggered much earlier, you are looking at the TP when the move has been exhausted

[torpid gyro]

Just a suggestion...you may want to play with the Money Flow setting. I have mine at 14 and it works really well.

[old crow]

This is when the move triggered, not where you are looking when the TP up

[grizzled mesa]

you mean money flow length from 35 to 14...what signal settings you use?

[old crow]

You are looking for a short at the wrong time, the initial move is over

[torpid gyro]

Auto shot term and yes, 35 to 14. Just try it and see if it works for you.

[grizzled mesa]

My candle colors and matrix TP are not aligning what you sharing...Can you share your settings?

[old crow]

OK, like @torpid gyro and I mentioned, play around with the settings to what you feel is good, then trade that set-up everyday.....

Your screen shot that you posted on the HW turning point is great, nothing wrong with it, you where just too late to watch for an entry, the entry triggered during extended pre market

[grizzled mesa]

It's making a lot of difference and looking better...Wondering if you use same settings for confluence on higher TFs?

[proper wing]

ES updated chart:

[torpid gyro]

Personally...I use the Matrix as confirmation and continuation trades. I focus on Trend Catcher and Candle Color as my main indicators.

[young sand]

@torpid gyro has earned the Lux Level 1 role!

brucefleet 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

[old crow]

the yellow circle area is the premarket extended trading hours, thats when the short entry triggered..... @grizzled mesa

Your screen shot with the HW turning point up is much too late, the move is over

We need to watch the entire 24/7 market hours for the entry triggers. Price does not care when we open our computers.

Remember when I mention to watch for the next turning point down?

Hope all this info helps, just need to zoom out and observe the entire 24/7 market to see where the initial entry trigger areas formed, and to decide if you want to jump in on the move if its not too late, if you opened your charts later in the day....

[grizzled mesa]

I know the entry point for short triggered at 1am my time. I was asking for exit as green TP showed up way early when money overflow is way red and confluence is bright red

[old crow]

OK, that your green TP up is perfect EXIT, you are done for the day thats it, doesnt matter if price keeps going up or down, you won...it was an area of exhaustion.

[grizzled mesa]

I was confused with exit as it's not confluencing with any of other parameters i.e. money overflow

[old crow]

Exits are different than entries

Impossible to grab the entire move, you have to be on your game for that

[grizzled mesa]

okay...that I'm still learning to not to master it to the end

[old crow]

Look at Lux Signals/Overlays with the confirmation and exits turned on. You will see many potential "x" exits

up to you when you want to close it

[torpid gyro]

Trading (scalping) on a short term chart I would use stop loss and profit target. You can also manually move your stop up when appropriate. Just an idea.

[grizzled mesa]

Thanks to both of you for sharing your mind...It's very helpful...

I'll post some more silly charts to learn about my doubts and get mature in this game

[proper wing]

So many ways to play:

[torpid gyro]

Don't rush. It takes a long time. Also, please paper trade until you have confidence in the consistency of your system.

[old crow]

London close, lets see if NY pushes the markets now

[past needle]

eur/usd liquidity grab

1h

[old crow]

what tf?

[past needle]

reversal signal

[old crow]

who knows, its the same fomc rate hike fears now playing with the markets

[past needle]

It may have been a sign, I have no idea.

[old crow]

we need a sign

[past needle]

True.

[old crow]

https://tenor.com/view/send-me-a-sign-give-me-a-sign-signal-go-signal-omen-gif-14246570

[past needle]

https://tenor.com/view/facepalm-really-stressed-mad-angry-gif-16109475

Looking good on the 15min

fair gap up

[night lion]

https://tenor.com/view/baby-yes-yeah-happy-celebrate-gif-16085931

[young sand]

@night lion has earned the Lux Level 1 role!

Alchemist 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

[past needle]

strong buy signal, the liquidity grabs, fair value gaps?! could it be?!!

[balmy vale]

I am seeing screenshots with regular candles and with Heikin Ashi, which is best for overlays and signals? Thx!

[past needle]

I would recommend using normal candles and go in the settings and enable extended trading hours (on TradingView chart, not Lux Algo indicator)

[dark kraken]

Hello, Need help to create buy and sell alert using fibonaci progression with breaks indicator, kindly help me please

[sterile cosmos]

I trail the TP up 1 candle previous to the exit signal on ES, you'd be amazed of how much of the move you catch....

for example

[lunar finch]

good levels

[sterile cosmos]

Just moved the SL

[latent turtle]

If I get a buy signal should I take it since it touched the blue could and the trend like is green? The table is all red and the oscillator money flow is in the red

It did end up giving a buy signal

But the money slow is still in the red

[wispy cairn]

the buy signal is just to make you more sure about the trade your about to take. Ofc nothing is going to be 100%, but with the correct strategy paired with the premium LuxAlgo indicator you should be making good profits

[sterile cosmos]

Another move for the SL

[wispy cairn]

"Never follow a indicator blindly" - LuxAlgo guy on youtube, idk his name xD

[sterile cosmos]

Good advice.

[latent turtle]

@wispy cairn I know that I’m just asking if based off of everything else would it have been a good place to enter based off the trend line dashboard data and the oscillator information

[wispy cairn]

I would say so, yes

[sterile cosmos]

That's really up to your own strategy.

[wispy cairn]

but am I a pro? Absolutely not

[old crow]

No right or wrong answer because this is a 1m tf. If you backtested your template on a 1m strategy and it was consistent, then go for it.

If you never backtested a strategy on a 1m, then no trade either way, just gambling

[wispy cairn]

Well there's your answer^^

[sterile cosmos]

That's me out.

[nocturne wolf]

do you normally trade off the 30 second tf?

[nocturne wolf]

that's awesome..you had 5 cons? how much are cons when you got them if you don't mind me asking?

[sterile cosmos]

I have 5 accounts with Apex, use 1 contract on ES per account ($12.50 per tick)

[proper wing]

If i am scalping, then yes

AMD with Lux algo indicator:

ES updated chart:

[lunar finch]

great

[whole sparrow]

I'm not sure if there's any strategy that will be profitable at 1m.

[old crow]

🤷🏻‍♂️

[elder shell]

Why is there no agility settings in my settings??

[old crow]

For Signals/Overlays, the "Optimal Sensitivity" is located in the dashboard, to be inputted in the "Signals Sensitivity" in the settings.

#🔊announcements message

Eur/Usd 1H & 15m - Nothing really setting up, leading up to and during NY, price just ran away from these 1H OB's (due to heavy news price action), never really retraced on the 15m for an optimal entry near these 1H OB's. So no-go on the 5m unfortunately....

Same with ES futures, tough to jump in on these moves when there's no clear cut pullback entries.

[proper wing]

ES updated chart:

[old crow]

Sometimes we have to let the train go without us, if it doesnt slow down or stop, for us to jump on board, nothing we can....

We just wave bye bye 👋🏽

[latent turtle]

I’ve still got a long way to go I’m fairly new to this 😵‍💫😵‍💫😵‍💫😵‍💫

[proper wing]

Another Playbook with Lux Algo

[sterile cosmos]

Amen.

[old crow]

Right?

Today was a tough day for me. I couldn’t find any market structure pull back to jump in.

But the UJ is looking juicy

But it’s heading into after hours

Might be a good one to let it marinate into Asian session

[hidden moss]

Wie is Nederlands en wil me helpen met opzetten van een trade strategie ik kom er niet meer uit HELP PLZZ

[hidden moss]

Settings???

[untold pond]

Does the ‘Any Alert Function call’ automatically sets the alert to be ‘Once Per Bar Close?’

[high marsh]

So when your entry is on 5m TF, do you look for MATRIX confirmations only on 5M TF or Higher TF as well? Do you wait for matrix signals on 1h 15m and 5m align in the same direction?

[old crow]

Give me a sec, trying to see a set up myself

USD/JPY, I mentioned before

1H

BreakerBlock 1H

[fleet zealot]

so the correct interpretation on this uj chart is retest breaker block then go short?

[sterile cosmos]

What assets were you trading?

[old crow]

Thats the plan....

[old crow]

I look at eur/usd and the es micro emini futures everyday. But sometimes, when I dont see something I can jump in, Ill scan a few more pairs...

[sterile cosmos]

Here's my chart inspired by you Micky

That's for ES

[sterile cosmos]

I got a nice long from near the bottom of the move today, rode it up on the trend catcher, my fav play.

[old crow]

That looks juicy for sure

[old crow]

yeah, saw that, I could jump in on that move with my PAC rules as I was only looking for. I am sure the Signals/Overlays would had gotten me my 10 pips.....

[sterile cosmos]

ES is definetly a different beast to FX

[old crow]

YUP, just looked at my Signals/Overlays template, yup, 10 pips

[old crow]

meaning slower? faster? choppier?

[sterile cosmos]

I find the PAC not too useful on it....

The FVG's are awesome though

[old crow]

really, I am thinking the ES respects levels better

and the fibs measured moves

[sterile cosmos]

ES respects the POC's really well. Gives me an idea of where it might turn.

Here you go @old crow Here's my chart with settings, might help. https://www.tradingview.com/chart/itGrNsO9/

Copy that for yourself.

I'll wait for a buy signal and trend change off those, is quite a simple and profitable strategy.

[unique cypress]

whats ES ?

[sterile cosmos]

S&P futures.

[unique cypress]

POCs

im lost here, trying to catch up

[young sand]

@unique cypress has earned the Lux Level 1 role!

BoSalem just levelled up! 🍪

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[old crow]

point of control on volume profiles

he disabled all the levels on the VP, and kept the poc enabled

This is where I like to use the new Liquidity Sentiment Profile

[unique cypress]

https://tenor.com/view/facepalm-really-stressed-mad-angry-gif-16109475

[sterile cosmos]

They actually give quite similar levels, I like the POC as it's highly defined.

A line, rather than a box.

Not that it matters that much I guess

I like that the POC gets extended until hit

Here's the 2 on the chart

[old crow]

Yes, that feature is great. If I could have the Liq Sent Profile extend the highly traded nodes and also plot a higher TF of these nodes, that would be cool for me, and I wouldnt have to spend time drawing these out

[sterile cosmos]

Yea, I'm super lazy, don't want to draw them out

[elder shell]

How can I get your settings on the overlay indicator?

[young sand]

@elder shell has earned the Lux Level 1 role!

odogwu_spaxx 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

[old crow]

Candle confirmation simple, auto short/mid term, trend chaser, catcher, I do not enable signals

[elder shell]

Alright, thank you

[old crow]

Anyone here trade LUXALGO PAC pure ICT, and no other indicators on the PAC chart❓

☝🏽

[gritty kite]

Not me. Why deprive myself of Matrix and Signals 😆

[lunar finch]

I use Smc only

[gritty kite]

Before using LuxAlgo Indicators I traded for many years using a lot of indicators. Since using LuxAlgo I've realised that so many concepts fit into just 3 indicators that I don't need more to make an informed decision
Do I still get it wrong. OF COURSE! but that is because the algos in the stocks/ forex are playing with me. But I wouldn't go back to any other indicators

[old crow]

Meaning? you use PAC only?

PAC with SMC concepts?

[lunar finch]

Pac + vp

[old crow]

COME ON UJ

almost

ill post the chart when its gets filled

[velvet venture]

[lunar finch]

Look at my chart. No overlay no matrix😂

#📈stocks-futures-chat message

[old crow]

Welcome

[glacial bolt]

May I ask, what is vp? Thank you.

[old crow]

USD/JPY - 16 pip Limit Order TP on short entry

ALL this time, DXY bearish

[glacial bolt]

Ohh, must be Volume Profile 🤭

[old crow]

correct

[gritty kite]

Nice one @old crow

[old crow]

It's ok, not the perfect trade, since the TP was not far, but I had reasons to take it. As long as you have a sound reason so you can explain it later, win or lose, the reason was sound. Rinse and repeat.

[old crow]

I was curious on what all the ICT hype was, felt left out, so I wanted to study the PAC charts and find my own way...

Still learning

[gritty kite]

Where did you find the materials to study PAC

[old crow]

Honestly? no joke, want to know?

[gritty kite]

Yes please!

[lunar finch]

correct

[old crow]

I never had the inclination to watch ICT YouTubes as there were alot of videos and so long and drawn out, so I never looked into it. Then the LuxAlgo BreakerBlocks indicators came out, and Lux had great TV indicator explanation on how-to's of this one simple BreakerBlock concept. That is what I needed, just learn one simple concept from the vast library of ICT SMC concepts. And that started my path towards me using PAC recently, with just a plain PAC chart with most features turned off and just Breaker Blocks. Then I started to learn the entry trigger using internal structures and displacement candles with FVG's formed by these displacement candles. So slowly started to add piece by piece into my head...

[gritty kite]

Wow
Thanks for sharing Micky
I should go and watch that video too

[old crow]

Thats my story and im sticking to it....

[past needle]

I maybe asked you this, I forgot, but what timeframes do you most look at?

[old crow]

The 3 TF's I just posted. 1H, 15m, 5m

[past needle]

Okay, thanks.

[gritty kite]

Where is the video Micky?

It's not on their TV indicator write up

[old crow]

https://www.tradingview.com/script/piIbWMpY-Order-Blocks-Breaker-Blocks-LuxAlgo/

[past needle]

Are you mostly a swing trader, day trader etc?

[old crow]

https://www.tradingview.com/script/1owp3WD0-Breaker-Blocks-with-Signals-LuxAlgo/

[gritty kite]

Thanks Micky. I will go through it now.
Anything to keep improving

[old crow]

You have to realize, when LUX releases free public indicators on ICT concepts, they have an indepth description on the TV indicator page. Look at the recent Silver Bullet, they tell you how to trade this one concept. Same with other individual ICT pubic access indicators they released....

[old crow]

Day, i want to go to sleep at the end of the day

😹

[past needle]

Lmao

On another topic, I got an interview for a job I've been wanting for a while now, so I've been really happy all day.

[young sand]

@past needle has earned the Lux Level 3 role!

patrickbm4gg just levelled up! 🚀🎉🍰

Woah there, you’re a real G… welcome to LuxAlgo Level 3! Here is a cake for being so active in the LuxAlgo community. You’re getting closer to legendary status, keep going pal! <3

[gritty kite]

Awesome Patrick. Wish you all the best!

[past needle]

Thanks, you too!

[old crow]

DXY bearish the entire time of my USD/JPY trade

[old crow]

NICE, and Lux gave you a cookie to celebrate

[past needle]

😄

[old crow]

AND, for those who are wondering, the MATRIX was all bearish entire time, MoneyFlow never went bullish

[past needle]

Do you normally enter when the OB is forming?

That's what I got out of your previous photos

[old crow]

NO I dont, dont forget, OB's come and go if mitigated and the screens shots I took were at end of trade, so we cant see the previous OB's that were there before, and I have OB's set to no overlaps

[past needle]

Oh, so you look for BOS and and CHoCH?

[old crow]

typically, the break in the direction you want, then a pullback to a fvg hopefully that was formed by the displacement candle that made the bos/choch formation, then limit order in the direction you want

thats the gist

i think i posted something yesterday on this, hold on

[past needle]

Ohhhh, I get it.

[past needle]

I totally forgot about that image.

[old crow]

BUUUUUUUUTTTT today, there were alot of internal sctructures being formed in the trend, but they never really came back to a displacement candle with a FVG, price just kept going with no real pullbacks to any FVG's

this is what I meant the train left and never slowed down for me to jump in

AND my rule was to enter on this pattern at a rejection of a 1H OB, but after that one moment, price kept going, one way ticket with no stops in between

[past needle]

Dang, so you had to guess?

[old crow]

LOOK here on the EU that I always watch and wanted to trade today

the yellow circle was PERFECT for a short

[past needle]

Man, so much resistance up there.

[old crow]

but on that 1H OB rejection, 15m candle short was harsh and rough and took off

[gritty kite]

Nice one.

[old crow]

so the TP area was getting smaller and smaller, and not worth it when price did come back to hit the FVG that was caused by the displacement candle

Then news hit, and another harsh fast move to downside

inpossible to get in as price moved way too fast and hard away from the original 1H OB, which is the shaded OB on the 15m TF i just posted

[past needle]

I'm speechless.

[old crow]

SO the EU chart was a complete mess.....

But yeah, with my Signals/Overlays, I could had gotten my 10 pips here and there, no problem

But I have PAC ICT set rules for this one concept I am looking for. Thats it.

[past needle]

What a day today.

[old crow]

crazy with news, then died

But now with EU, its looking nice for a setup at the 1H OB

Here we go

Im not trading, im done

[past needle]

Ooooh! I looked at USDCAD, also looking pretty sweet.

Same timeframes you look at.

[old crow]

YES

[past needle]

[old crow]

Short and if the lower TF doesnt break structure to the downside for entry, then, if it busts through up, then maybe the breaker block play

This PAC ICT stuff makes my brain work too much

[past needle]

But look at 15 min, no order block.

[old crow]

Wheres my nice color HA bar chart?

[past needle]

I could use that just about now.

lmao

[old crow]

1H OB overlayed on the 15m chart

[past needle]

5MIN noooo

i meant 5 sorry

[old crow]

LOOK at 15m, no structure breaks to downside, YET

[past needle]

it just went through resistance

idk for how long

5min

[old crow]

5m with 1H shaded OB

5m has its own OB, so if this 5m OB holds for the rejection, and we get a 15m bearish choch, then a 5m bearish choch....then we GO!

hahahahahaha

too much brain power now, im tired, no play for me

asian session slow low volume.

hands away from the keyboard now!

[past needle]

i'm not on the train either, i just like looking

[little flint]

so loud in here

get some sleep

[past needle]

its only 7:30 where i am

lmao

[little flint]

kek

[past needle]

aww, we couldn't hold

retest maybe

I keep speaking too early

[old crow]

15m needs to break structure down

for me to think about getting in

[past needle]

Go for it! All in lol

[old crow]

im out, this ICT PAC stuff gets me tired quicker

i want my simple minded brain dead HA charts

LOLLLL

[past needle]

I understand completely lmao

[old crow]

hahahahaha

Less mind work

LOL

BUT caution, when the market is choppy and rangey, This colorful chart may chop you out, but the ICT PAC will make you patient for the set up

[past needle]

Okay, thank you!

I forgot to favorite the ICT PAC

[past needle]

One more question, what do you normally use for looking at news?

[sterile cosmos]

That's what you meant earlier, FVG doesn't work in a strong trend... Get that trend catcher on there @old crow

[past needle]

Thank you, that helped.

[sterile cosmos]

That's a good point Micky, might be worth developing a PAC strategy for those nasty ranging days

[old crow]

TV news tab, to the right hand side column

[past needle]

Thanks

[old crow]

What I meant was, to me, the PAC chart keeps you patient for the set up and once in the setup, you hold when the structure still holds or price reach your SL level, maybe around the other side of the OB. In this instance, the color HA chart have a few whipsaw back and forth entries, when the PAC has you holding during this range

Look at this chart, maybe the SL is on the other side of the bearish red OB, and look at your TP below. Small SL with huge potential TP's. You keep holding the trade or take profits along each BOS structure formation while your going down

With this PAC template, I am comfortable in setting a SL

With my HA Signals/Overlays, I do best with no SL

https://tenor.com/view/choices-sesamo-gif-26419954

[sterile cosmos]

Yes, same for me. But, I do use POCs for TP's, which is super powerful.

[sterile cosmos]

I love this.

[past needle]

Works every time pretty much

[sterile cosmos]

I find different assets need a slightly different approach.

Tweaks etc...

I think I might be the only person here that actually uses the buy/sell signals

[young sand]

@sterile cosmos has earned the Lux Level 2 role!

robinball 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 ;)

[lunar finch]

nice chart. but I never used large TF Obs/FVG on lower TF

[old crow]

NOW I know why I couldnt find entries to jump on the train with both the EUR/USD and the ES. I changed the internals to 3 from 5, and boom, many entries to jump on the train.....

[old crow]

Yeah, for me with large OB's like 1H on a 5m chart makes me patient, need to wait a bit for the set up. This I am ok with

but yes, trading a similar TF OB on your entry chart has many possibilities. just use trade management and you should be good

[past needle]

Micky, is that the only strategy you use?

[old crow]

like the breaker block on your entry tf, is good

[past needle]

At least with Lux Algo.

[old crow]

I want to learn one or two concepts and look for those only, if i try to learn and then watch for many ICT concepts, my head will spin and lose focus

The plan might be, watch for silver bullet when NY opens, then after that, look for my 1H OB on 5m TF

thats it

sounds good, right?

LOL

[past needle]

It's a very good strategy.

[old crow]

ORRRR, watch for silver bullet at NY open, then take a scalp with my HA color chart, and be done for the day?

LOL

[past needle]

Either way it works.

[gritty kite]

This is me

[gritty kite]

Strict or Super Strict setting?

[old crow]

I dont know yet, I havent even read the write up yet on it....i want to watch a few videos on this before i dig into pac settings, so i know what im doing

You have any good ICT videos on this silver bullet?

[gritty kite]

ok
I'm reading it now

I'm reading the LuxAlgo version first and then maybe look on youtube. I'll let you know

[gritty kite]

https://www.youtube.com/watch?v=0mNR-hjtM5s

[old crow]

Who's in the mood for more color themes?

[gritty kite]

Could it be that the Silver Bullet strategy is incorporated in the next PAC release!

[old crow]

Im selling theme color packages

😹

buy 2 get 1 free

[sterile cosmos]

ooooohhhhhhh! Fancy

[dark kraken]

@old crow , Need help to create alert for Fibonaci pregression with breaks indicator

[sterile cosmos]

Here's some POC proof.... I'll get someone to use it. 😂

BOOM!

Thinking about another hard dump tomorrow to get that next POC to the downside.

[old crow]

POC is good, I like it.....

I also like round numbers too

[dark kraken]

@old crow

[old crow]

Im the wrong guy for alerts, im a total noob when it comes to alerts

[dark kraken]

Can you please help me on alert creation using fibonacy progression with breaks indicator

can you gove me poc for alerts creation

[old crow]

I can do theme colors all day, but alerts, out of my expertise

[sterile cosmos]

Yea, I can't use those custom alerts either.

[gritty kite]

People could help you with alerts related to LuxAlgo indicators, but you are asking for a custom alert with an external indicator. For someone to help you they need to know and study about the other indicator you are referring to and that is a big ask.
I suggest you play around with it yourself and if it works, it works, If it doesn't then they are not compatible

[dark kraken]

No, I am sking Luc algo indicator only(Fibonaci Progression with Breaks Indicator)

[old crow]

The support staff in the Vip-Support room can help....they would have the answer for you...just post in there and they could help when they get in....

[spark tree]

At the moment there is no custom alert creator for the PAC indicator. Only the signals and overlays and the ossilator matrix has that feature at the moment. Custom Alert creator for PAC action concepts should be included in the next update 1.4 which was announced on twitter to be released between tomorrow and early next week

[spark tree]

So if you are asking how to creator an alert linking the two (PAC and Fib tool ) at the moment its not possible. The Fib Progression with Breaks Indicator has only the default built in alerts

[old crow]

EU at an 1H OB, internal structures of 15m still holding bearish under the 1H OB (red OB on 15m TF)

Im liking the blues better, purple is too neon-ish, need to play around with it some more

Yeah, only discord group that has a member constantly playing around with theme colors 🤣

[karmic gyro]

I change mine monthly :p

[sterile cosmos]

This makes me feel..... something.

[karmic gyro]

How do you feel?

[indigo saddle]

Measured Risk just above the O/B and if reward is 1:5 or 2:1 towards next O/B or even supp/resist area with the aligned narrative then that's enough for me to scalp !

As long as I see the transition from green>purple then I am good to go...just an idea fwiw !

[sterile cosmos]

lil' bit seasick!? 😄

[finite bear]

Good morning everyone.

[prisma fulcrum]

good morning everyone

[vernal jolt]

do any of you wonderful people trade at 500x leverage?

just out of interest

[gleaming spoke]

Do any of y’all have liquidity grab strategy? @old crow

[gritty kite]

Micky is offline.
You could look at liquidity grab strategy here https://docs.luxalgo.com/lux-algo-premium-indicators/lux-pa/liquidity#liquidity-grabs
On its own it might not provide much information. Sometimes the price could even go contra to the liquidity grab colour. But taking it into account alongwith all the other Price Action Concepts will definitely help you make an informed decision

[gritty kite]

That's a lot of risk 😲

Non Farm Payroll data in 4.5 hours 🥶

[young light]

[sinful ember]

Just passed my first ever prop firm challenge after countless tries, granted its only phase 1 and I still have phase 2 left. So much easier with lux. Really grateful. 🎉

[gritty kite]

Awesome news. So pleased for you 🧁

[signal holly]

congrats dan, im just starting my phase 1 and been going back and fourth on what setup to use, would you mind giving me any tips

[torn brook]

Can anyone help me how to set up alert on overlays 6.0.3 for those candle color change? 🤔 Im completly lost how it work 🤯

[gritty kite]

I don't think there is an alert for candle colour change. Even if somebody managed to create one, the algos would change the candle colour so frequently and you would get alerts left right and centre.
Could a better alert be to have one based on your trading strategy?

[candid salmon]

Red to purple = bullish confirmation; Red to green = bullish+ confirmation; Green to purple = bearish confirmation; Green to red = bearish+ confirmation. Please note though that sometimes the purple can be a purple bearish or bullish so sometimes you can get a red purple then green candle which is a bullish+ confirmation or vice versa. Either way when it's a purple candle it's in transition. In general I would use the purple candles in combination with the current price location to determine if I will exit the trade or no.

So yes it is, to those who ask if the candle color is dependent on the sensitivity of the Signals and Overlays indicator.

[gritty kite]

Micky's Sticky #4
Legend has it that when his trade goes wrong he turns the monitor upside down and makes profit!

All we know is that Master Trader Mickyyyy! @old crow is in the house to help us be better traders!

Good morning Micky. What is your game plan for today?

[old crow]

So what’s going on this Friday?

All I see is wicks as long as my screen

[tough goblet]

Just sitting back watching for now.

[old crow]

Yeah, no need to play this. Just let it do it’s thing and wait for market open. That should be enough time for this to settle and look for something

[sterile cosmos]

Want this today.

[warped nova]

@old croware you doing the new strategy Youtube series?

[old crow]

Who me?

I’m waiting for Lux myself for episode 2

[old crow]

If you want it, you’ll get it

[sterile cosmos]

oh, I want it.

[gritty kite]

Reminded me of this song https://www.youtube.com/watch?v=qsZXDcY3xK8

You are RobinB and he is RobinT 🙂

[old crow]

OK, time to get to work and see what we can steal....

[zinc latch]

good morning

[old crow]

Morning

Im watching the futures today as it should be much calmer versus FX

just a guess, nothing more

[sterile cosmos]

#💬hangout message 😉

[old crow]

yup

you in yet?

[sterile cosmos]

Was in at 4451. Taken profit.

Waiting for open now.

Think it might be volatile

[old crow]

Dang, you got that on the news wick

[sterile cosmos]

It hit the overnight high, have seen that so many times.

[old crow]

here we go

give it !!!

[sterile cosmos]

That's a big green candle

POC touched

[regal vale]

does anyone knows what's "show breaker" option in price action concepts indicator?

[old crow]

https://www.tradingview.com/script/piIbWMpY-Order-Blocks-Breaker-Blocks-LuxAlgo/

Description here ☝🏽

[regal vale]

thank you @old crow !

[sterile cosmos]

Looks like ES might have an annoying day.

[zinc latch]

Agree

[old crow]

DXY still going to the basement, not good for ES if looking for shorts

[fleet tendon]

Yip pretty much. Very good for Gold

[sterile cosmos]

My system has said go long

Staying out for now

I think we'll have a range day, and it's very close now to the range high

[zinc latch]

@proper wing where's the zones ? r u in the room ?

[old crow]

Everyone seems to be quiet in the rooms 🤷🏻‍♂️

[fleet tendon]

https://tenor.com/view/its-friday-dancing-baby-cute-kid-gif-17896810

[zinc latch]

Markets are in a consolidation mode, at least ES

[past needle]

Good morning!

[sterile cosmos]

Looks like I'm going to call it, not my kind of market

[old crow]

I tried to set buy limits on EU, cant get in, train left me

[little flint]

https://www.youtube.com/watch?v=qpmFnUTkpL0&ab_channel=ViralHog

[sterile cosmos]

Knew that would make it do something 😆

Trade safe my friends

[past needle]

Do fair value gaps for LuxAlgo stay on the chart forever or do they disappear?

Oh wait, I just remembered they get filled, dumb me.

[fleet tendon]

Depends on the setting selected for FVGs

[past needle]

thanks!

[past needle]

Which setting do you use?

[fallow ruin]

New to the Lux. What's your experience with default presets for scalper? or whats best?

[fleet tendon]

Mine is on the default. But play around to see which one suits you.

[past needle]

Ok.

[old crow]

ES rough today

That breaker block though

[proper wing]

GM everyone. ES chart with today's level:

[zinc latch]

IT IS REALLY, could you share that layout, i like the colors and clearness, thank you

[proper wing]

So far much better day today compared to yesterday loss:

[old crow]

I tried to get in on this EU move with my PAC chart, but buy limit was never hit, train left me

https://tenor.com/view/kyriostsahs-lonely-waiting-quarantine-life-gif-18073672

[zinc latch]

wait for other opportunity, or try to catch another pair...you're good at it.....i learn a lot from you

[static raven]

Hi, I am new here. On the isolator what do the green dos represent?

[past needle]

Amen.

[spark tree]

Read more here : https://docs.luxalgo.com/lux-algo-premium-indicators/lux-oscillator-premium/hyper-wave

[static raven]

thanks

[zinc latch]

try this settings, this are @old crow settings, it works for me...

[old crow]

Love those Canadians

[proper wing]

@old crow Good trade set up today . I am loving it:

[old crow]

USOIL and CAD Dollar

correlation

[old crow]

Nice

I couldnt get anything on ES on PAC and EU PAC left with out me

[proper wing]

For all traders who uses Lux algo indicator. I am using the default setting, on most of my indicator, and I believe Lux algo have tested these settings, and these are the optimized settings. Just wanted to share my experience.

Watch only Price action, and Indicator will provide more edge to your trade

[old crow]

CAD and US/WTI OIL

[old crow]

Where did you take entry on ES, I couldnt get anything on it

[zinc latch]

could you share this layout, i would like to use it for the clearness and simple (KISS = Keep It Simple Stupid) thanks....

[past needle]

I got a good entry on AAPL just from buying after the FVG.

[proper wing]

Check this out

I think I am done for the day. but if opportunity comes, will take trade. Don't want to give up my gain.

Final Profit

[past needle]

How did you know to buy?

[fallow ruin]

I entered on the signal green candle. Got stopped out on the red candle. lol

[proper wing]

All about PAC, and my level. I trust my level, and system. If you look at small blue box, break of the blue box gave me more confidence with Hyper wave turning Green with Green dot to add more confluence to my trade

[grizzled mesa]

Can you share the settings and how do use this indicator? Do you disable 'developing POC' and Value Area High/Low and jus keep the PoC?

[old crow]

[past needle]

I got a 3 candle move up but then got scared and got out.

Market moved higher

[proper wing]

There are few ways to get scared with your entry. If your size is too big, and you are getting into FOMO.

[past needle]

I just look for fair value gaps

[proper wing]

Don't watch your profit or loss, watch your chart and level, if the price action respects your level, your trade will play out

You can get out if the trade goes against you. Remember you can always re-enter again

[past needle]

True. Thanks.

[proper wing]

Plz remember what worked for you today, may not work tomorrow. Always try to adjust your strategy based on the market condition.

[past needle]

That's the scary part.

[proper wing]

Don't be scared. This is part of trading. With proper risk management, with good Risk/Reward, even you win 50% you will be profitable. Trust me

[fallow ruin]

Well today was my last time trying out day trading. I will have to concentrate on swing trades for now on because im starting a new job Monday. Probably for the best since this week is a red week lol

[past needle]

Okay.

[proper wing]

@past needle Look at my comments, what I said in the morning. This is my level that I trust

[old crow]

Tough day today, even for me, couldnt get in on ES and EU left without me on my PAC template, and news didnt help today

[night lion]

Looks like default , except TS2… brother version 6.1 is available

[past needle]

What is that blue box?

[fallow ruin]

Well its good to know Lux was correct with the buy signal. I would be in profit now if I didnt get stopped out. Oh well

[proper wing]

That's a "J_SUS" Zone. @old crow helped me with this name. 😇

[past needle]

Oh lol

[lunar finch]

agreed. When we focus on just the money, trading becomes extremely emotional. When emotions are involved, we set ourself up for disaster

[old crow]

Day is not done yet

MF

LOL

jk

https://tenor.com/view/hold-stonk-hold-wallace-hold-braveheart-stonks-gif-20142609

[fallow ruin]

https://tenor.com/view/sweating-nervous-wreck-gif-24688521

[young sand]

@fallow ruin has earned the Lux Level 1 role!

Brett G 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

[proper wing]

Have a nice day everyone. Trade safe. See you on Monday.

[old crow]

bagged tagged and your outta here

[old crow]

Got my 10 pips finally UC

Also 50 tick TP hit on mES

[fallow ruin]

i feel sick watching es 🚀 after i got stopped out lol

[old crow]

thats why i switched back to my tried and true

Here is micro ES, I dont have the (blank) to trade full ES contract, LOL. I tried my ICT PAC set up, but could find anything, so back to my Signals/Overlays HA for 50 tick hard TP

MATRIX

was the KEY

[fallow ruin]

I only had Lux a couple weeks and I'm still learning. All my the signals were there to buy. just unlucky to set my stop to close

[old crow]

Next up USD/CAD, USOIL bullish, took short entry with Matrix for hard 10 pips TP

Matrix again, with HA candlestick pattern to keep me in the game

[old crow]

when i started many years ago, same with me, stopped out too many times when I guessed the right direction. so now, i dont use SL.....I do have them on my chart, but far away for "just in case" power or computer goes down

[fallow ruin]

Good idea. I like your chart. you mainly use 1h and 15min?

[old crow]

Yes, after entry, ill drop down to 5m to watch the HA patterns

on the UCAD chart I posted, i left the 5m chart so you can see the HA patterns never fipped on me

HA patterns meaning the wicks on the HA bars

[fallow ruin]

Nice

[old crow]

Also, always be aware of the Signal/Overlays Dashboard, it can be easily forgotten since our eyes are zeroed in on the candlesticks and the profit/loss panel, dont lie, we all do it 😹

[past needle]

@old crow What strategy should I use for regular stocks (TSLA, AMZN etc.), the same one you taught me yesterday?

[old crow]

which one was taht yesterday? PAC or the Signals/Overlays?

[past needle]

PAC I think, but I would be happy if you taught me the signals/overlays one

[old crow]

With stocks, for me, I go to the daily first

[past needle]

Okay.

[old crow]

Look at these

[past needle]

The oscillator?

[old crow]

Now drop down certain TF's if you want to swing or scalp

For PAC, I am not an expert at PAC or ICT, especially on stocks, I have not traded stocks in a million years, but I am learning my way with PAC ICT with FX and Futures now

But for Signals/Overlays, no brainer for me, rinse repeat 10 pips everyday, well thats the plan....

[past needle]

Do you mainly look at the oscillator when trading stocks?

[old crow]

For PAC, I still need to train my brain for larger TP's, that is the only hold back, as I am very happy and contempt with scalping 10 pips on FX and 50-80 ticks on futures mES

[old crow]

I dont trade stocks, but yes, I would totally use Matrix to time my entries

[past needle]

Would you use anything else?

[old crow]

Nope, since Matrix came out, I dont need anything else, because the HA in itself is a trend overlay indicator

[past needle]

That's a huge relief.

[old crow]

With Matrix, there are a handful of concepts inside the oscillator chart, each one serves a purpose....so I treat each one like its' own indicator. HyperWave, MoneyFlow, Reversal Points, Confluence Zones.....

[past needle]

Oh, I see. Thanks!

I will include that into what I'm trading in stocks.

[nocturne wolf]

Hey. We're you trading future contracts or future options? If contracts, were you using ES or MES contracts? How many did you or do you normally trade? for example today's green day how many cons? thanks a lot

[past needle]

Heiken ashi candles work better for some reason than normal candles. Thank you so much!

With the indicator.

[old crow]

Shhhhhh, some folks here will tie us up and tar and feather us to a pole.....

[past needle]

Dang. That's pretty mean to do to someone.

[old crow]

hahaha, I get it alot of times when I chat about HA

LOLLL

I dont mind

[past needle]

You must have a high pain tolerance.

[old crow]

I agree, not real price candle, not real ope and close...I get it

[past needle]

Wait, it's not real?? My life is a lie.

lmao

[fallow ruin]

What 2 time frames are best for swing trades? Daily and 4hr? 4hr and 1hr?

[old crow]

Here is es futures, 15m 5m, NY session, wait until after news and market open, then wait for the next trigger entry, dont jump in on the current move as we dont know when Matrix will flip, so wait for a new one.

[tender thistle]

so you'd enter on the second green dot?

[old crow]

I got in during the 2nd Matrix trigger for 50 ticks only. it went higher but its friday for me, happy with as as I also scalped UCAD, so all good

[old crow]

Matrix and Lux Candle Colors on HA

thats it for me on this template

[tender thistle]

okay so you'd enter on the first green candle

do you wait for candle close?

[old crow]

I always wait for candle close on any template

[tender thistle]

this happened today on USDCAD

[zinc latch]

WHEN THE CANDLE CLOSE IS WHEN THE CONFIRMATION REALLY START

[tender thistle]

would we have to wait for the matrix on the 15min highlighted in the circle to also turn red? or did we have enough from the 1hour and first red candle close on the 15min

[past needle]

With the FVG.

[old crow]

YUP, I got a piece of that short

[zinc latch]

For me the FVG are good for entries for a pullback, i tried and it works whenever the trend is not too heavy

[old crow]

depends on your matrix settings, but i would wait until you get the matrix turning point in your favor

[old crow]

YES, the FVG entry is good, but didnt really give me too many chances past 2 days, I set the limit order and price just left with out me, didnt really retace to get me in, thats why I switched over to my HA template to get some small wins for the weekend

[tender thistle]

im using default settings

nothing triggers me more than the price not coming back to FVGs...

[past needle]

I never thought of that.

[old crow]

yeah its tough.....

[past needle]

USDCAD 5 min

[old crow]

Yes, the 5m I posted earlier

looks good

[past needle]

Oh dang, I didn't notice that lol

[old crow]

#💬hangout message

[old crow]

thats where I stole the 10 pips to end the week

I was frustrated all morning

[past needle]

LOL

[old crow]

then just switched templates

now i can get lunch

i was worried I didnt have money for lunch today

Look at the UC here I circled my trade, look at the HA bar patterns, the wicks, after the HA closed for confirmation of full bearish HA candle, I went in

[past needle]

Ohh

[old crow]

The pink circles are the HA patterns that is signaling a pause or possible trend change

If you search online the HA patterns, it is easy to read, not many patterns at all, compared to regular candlestick patterns

BUT, caution, you wont get precise entries or exits, there is give and take, pros and cons.....

[past needle]

How did you get the circles?

[old crow]

Is a special Lux indicator that automatically draws circles to tell you when to trade or not to trade HA bars

JUST JOKING !!!!!!!!!!

I manually drew them with TV drawing tool

[past needle]

Oh lol, that could be a good feature.

[old crow]

EURUSD

[abstract wedge]

I like how you mostly don't go below 5min timeframe. I believe it's a more consistent way to trade

[old crow]

Yeah, the lower you go, the more prominent the FX spreads can be, your entry will not be where you want it to be from the chart visuals

I always use the bid/ask price levels instead of the "last" price level

[fallow ruin]

Oh wow Bears fighting back on es

[elder shell]

What are the settings for your oscillator?

[past needle]

Do most people trade forex here?

[zinc latch]

have a good weekend everyone

[past needle]

You too!

[old crow]

TS 3

[old crow]

we have a lot of traders here doing crypto and stock options, fx and futures

[past needle]

what is the most popular?

[elder shell]

What's TS3?

[old crow]

I would have no idea on that. Just browse around

[old crow]

Oscillator setting

[elder shell]

Can't find anything like that in the setting

[elder shell]

Okay,thank you very much

[burnt atlas]

why is the backtest system unavailable?

[old crow]

Lux mentioned the beta was only available for a limited time last year to the LifeTime subscribers only.

[gritty kite]

I'm off for the week guys. See you all back on Monday

[old crow]

have a good weekend

Corn futures

EURUSD

GBP/USD

And the crazy ES today, doesnt look that crazy on this template though

and the USDCAD that I scalped a short on

Have a good weekend everyone. Ill still be around, on and off....

👋🏽

[gritty kite]

🍻

[old crow]

SPX usually this great for scalps?

[deep trout]

Yes, but you don’t scalp on the 5m

Today was a monster day for those moves

[old crow]

1m?

[deep trout]

Thats where the good scalps happen

Can easily get 10% candle to candle

[old crow]

HOLY S***

[deep trout]

That noon pump

[naive blade]

https://tenor.com/view/up-to-here-ive-had-it-up-to-here-top-level-top-notch-over-the-top-gif-18677542

[old crow]

Give me some of that

[edgy basin]

Guys

[naive blade]

XLE really pumped today

damn

[naive blade]

gas prices are gonna go up

[edgy basin]

How do you interpret this in 4h? bullish??? i'm still getting the matrix

[deep trout]

Electric is the way to go

[naive blade]

yeah i agree

[old crow]