💬hangout

[old crow]

This electric?

[deep trout]

Yes

[old crow]

Depends, if you long term investing, swing, or scalp......

[edgy basin]

Scalp

Can I interpret this as a double bottom?

Because in the stoch I usually enter when it marks a double bottom like that.

[old crow]

Sure, if that is part of your strategy

So many ways to trade, and so many concepts, so I am not sure what your strategy is.....

[edgy basin]

Bro, is there a way to make a strategy to automate a post with an alert?

[old crow]

It is possible, but you will have to contact 3rd party services that can integrate TV triggers to your brokers account....you can also ask around in these Lux rooms, as others have done that as well....

[edgy basin]

Oooh great

Backtesting of lux is not available.?

[naive blade]

https://signalstack.com/

[edgy basin]

Wow!!! Thx buddy

[edgy basin]

Are you using this with signals and overlay?

[night lion]

@old crow I’ve been watching the Silver Bullet for couple days.
What exactly is the new benefit using this indicator?

Is it simply another Support/Resistance tool?

[old crow]

I havent traded it yet, but just helps with mapping out the H/L of the 1 hour sot with the FVG and TP levels. Sounds simple enough with clear cut rules

[night lion]

Ok yes it’s simple. I was hoping for magic. 😂. Does. lux have anything in the cooker that looks promising?

[latent turtle]

@night lion Price action concepts with FVG and the premium oscillator

[night lion]

Ok cool, I appreciate it

[night lion]

So they’re adding PAC with FVG to the Matrix Oscillator? @latent turtle

[latent turtle]

I use the oscillator just to see where the money flow is @night lion

What I do is wait for a CHOCH then a FVG and if the money flow supports it and enter at the FVG candle and hold until the next CHOCH in the opposite direction

Changed from Green to red entered at the FVG

Stock just fell

[past needle]

I use that strategy too, high percentage win rate, works on any timeframe. Awesome way to trade!

BOS works too.

[old crow]

as mentioned, the MATRIX is a huge release from Lux a few weeks ago. BIG MAJOR release. Game changer for me, thats for sure

[past needle]

It reminds me of Market Cipher if you know what that is.

[old crow]

Yes I do know that, this is much better to be honest

[naive blade]

https://tenor.com/view/skinny-kid-plants-walk-mad-gif-17186051

[latent turtle]

@past needle I just started trading this way…you got any tips ?

Or extra indicators for better entry confirmations?

[past needle]

The only other one I use is the oscillator matrix, so that may help. I don't really use it much though.

[latent turtle]

Do you use it for the money flow or what do you look at? @past needle

[past needle]

Mainly money flow, yeah.

For example, let's say I see a bullish CHoCH+ with a FVG upwards and it's in the red money flow, I may not take it

If the money flow is slowly sinking then I may think about it.

[past needle]

If you use them in conjunction, they are very powerful.

[old crow]

I’ll take a look

[latent turtle]

@past needle wow so we do use it the same

[past needle]

Market Cipher A can be very powerful with the indicators especially.

I'm not going to say anymore about it because I don't want to look like I'm advertising it.

[latent turtle]

@past needle can you DM me?

I tried to DM you but I can’t

[hexed yoke]

Hey everyone i have a free TradingView account but it won’t let me use lux algo indicators it still has the lock by it

[gray lake]

contact lux and or did you link your account ]

to tradingview

by username

[hexed yoke]

Yes i did

[gray lake]

i would recommend clear cache and restarting tv

if that does not work... contact lux support from here or website email is very fast

seems like i work for lux look at me go

[past needle]

Doesn't let me dm you.

[exotic moat]

You can clear all indicators on your trading view before adding lux

[steel flint]

Hi, new to this indicator. Can somebody tell me what’s the most common strategy to trade on the forex market?

[mystic granite]

So let me understand.
Entry is based on:

• Change of Character or Break of structure (both long or short period)
• FVG forming
• Entry candle FVG or next one
• Matrix oscillator same Money flow of the ChoCh or BOS (green for bullish or red for bearish)
• exit next Change of Caracther.

Looks simple. Win rate?

[past needle]

Yes. Win rate is like 99%, it works on every timeframe, I've backtested it and it can't fail (just make sure to trade on higher timeframes and don't go below 15 min, unless you're a scalper)

[mystic granite]

I will try it now….. I m just in front of the computer back testing strategies…. Stop loss as usual under the last swing?? Works with stocks?

[past needle]

Works perfectly with stocks.

TSLA especially

Example

intc 15 min

[mystic granite]

Trading over 200 Ema or uptrend is mandatory?

[past needle]

It helps, but it works even with the money flow being the opposite.

[deft vale]

Thanks mate that is helpfull

[mystic granite]

I ask because I m back testing now and first bullish trade won with 1.73 risk/rewards . But the second trade against the trend was lost (even if was going good)Maybe just thinking wait for the next choch could be more risky . Just thinking

[past needle]

I personally don't wait for the second CHoCH.

Gives back profit.

I wait until it gets to a big order block, then I sell.

[mystic granite]

Ok maybe I read wrong….. so what’s the exact exit take profit plan?

[past needle]

Order block.

[mystic granite]

Ok sorry I read it now

[past needle]

Ur fine. No need to apologize.

[mystic granite]

I m going to backrest now

[mystic granite]

Order blocks belonging to the same time frame??

[past needle]

Whatever timeframe you go on, order blocks with adjust.

But yes, belonging to the same timeframe.

[mystic granite]

Well this looks promising by now 5 trades 1 small lose and 4 big wins…. Look the last one.

[past needle]

It works wonders!

[mystic granite]

Just one question the FVG has to come after the bos and the choch??

[past needle]

It can come before or after, both will work.

[mystic granite]

Ok thanks

I keep going

[past needle]

Ok, sounds good.

[lunar finch]

this is after hour chart?

[past needle]

Yes, stock market is closed on the weekends, but you can do this strategy anytime.

[wicked gyro]

Are you adjusting some settings on the matrix?

[past needle]

No, that's just the matrix.

[exotic moat]

It’s my first day with lux, any tips I’ve been browsing around

[main summit]

Welcome 🤝
Would definitely take a look at #🧠core-lessons and #📈must-watch for what we recommend
You can ask around also 🙂

[past needle]

BTCUSD real time:

1min

[mystic granite]

Well I backtested it and I got some big wins 8 and small losses 3. Can be problem in ranging market …. But overall a fantastic strategy. And I m not a price action trader. I m impressed and we should improve it to avoid ranging market

[past needle]

Well done!

[wicked gyro]

I also purchased today and happy to check the indicators out 🙂 Im already profitable scalping 1m chart but now I want to save some time that I usually spend on charts and start to trade higher TF. My strategy is more or less the same @past needle mentioned here with BOS, OB, FVG (for me retest) and shoot. I usually trade just GU and sometimes small gold positions. Witch is your prefered TF? Im thinking of the 4h and the 15min as a conflusion or just the 1h TF.

[past needle]

I prefer the 1hr and 15min

Glad you are profitable!

[wicked gyro]

You trade them both separetaly or you use the 1h as your bigger picture and execute on 15min?

[past needle]

You got it!

[wicked gyro]

Thank you, was a lot of learning but I bassicly stay the London Session until lunchtime and the NY session until lunchtime on the charts. Thats why I want to move up to do some more higher TF. I hope luxalgo will be helpfull to identify trades much faster also on other pairs then my "wife" GU

[past needle]

😄

[mystic granite]

Let me understand your multi frame strategy….. sorry to ask

[wicked gyro]

You have some pairs you would recommend that are working better then others?

[young sand]

@wicked gyro has earned the Lux Level 1 role!

salsero1986 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]

What do you mean by pairs?

[past needle]

I look at 1hr chart and execute on the 15min

[mystic granite]

So in the 1 hour time frame you check FVG choch and Matrix. If you have a signal you go on the 15 min time frame and place the trade or you wanna check the same signals showing up on the 15 min tf?

[wicked gyro]

like GU, AU, GJ, NA. GCHF... Currencypairs 🙂

[past needle]

Yes, if they match, I take the trade

[wicked gyro]

Excuse my english please, we germans are not the best english speakers 😄

[past needle]

EU/USD.

[past needle]

Your fine, I can understand you.

[wicked gyro]

When you trade the 1h, what would you say is your avaredge Pip size for SL and TP and maybe winrate like if you would guess? Just out of interest.

[past needle]

It all depends, but the winrate is very high.

10 pips.

[wicked gyro]

10 pips as SL or TP? I use 10 pips on my 1 minute scalping. If I would use 10 pips on 1 hour TF then there could be just super sniper entries

[past needle]

10 pips as TP

[wicked gyro]

On 1h TF? thats a small 1h candle. You sure?

[past needle]

At the end of the day, it all depends on what you prefer, 1hr and 15min is what I prefer.

[wicked gyro]

I do at 1m scalping a 13pips averadge TP

Of course but on 1h TF the moves are big and even to get a signal the candle on a FVG should have more then 10 pips

[past needle]

Yes, true.

15min has the most accurate signals in my opinion.

Especially order blocks.

[wicked gyro]

I will check the indicator out on Backtesting with different settings this wekend and forward test it live maybe from middle of the week. Im curious what I will get

[past needle]

Another person backtested it on this server and he said he only had 1 small loss and a few big wins, so I expect a huge profit.

I'm excited to see what you get though.

[wicked gyro]

I like to be sure on my backtestings, I backtest at least 50-100 trades but I will share my results when I also forward tested it. I also will look for some youtube videos for different settings

[past needle]

Good idea.

[shut stone]

Thank you for sharing. How do you backtest LuxAlgo indicators? Do you have to have lifetime membership?

[past needle]

You backtest it on TradingView, their is a replay button that allows you to replay the market.

On whatever speed you want.

[harsh sluice]

Hi @past needle I use price action indicator and signals and overlays, but still am not able exact entries

I look choch and after that fvg on 15tf but the market gets reverse and am losing as sl hits

[past needle]

Look at multiple timeframes, of course no one can predict where the market is going, backtest it before anything.

[harsh sluice]

I trade on crypto

And I didn't understand how combine trades price and matrix.
Could you plz me to understand matrix concept

[past needle]

The matrix is basically where the money flow is at. So if the matrix is red, then money is going out of the market and is most likely to sell off, and opposite for green.

[harsh sluice]

How to backrest am new here and I have account on tradingview , but a free account I think replay doesn't work there

[past needle]

I would recommend looking back at the history and looking for the strategy to buy or sell like I told people above.

[harsh sluice]

Sorry it's backtest

Which markets are best to try these indicators , as markets in crypto are sideways

[past needle]

I got a good move when I tested it on crypto this morning.

Here's what I got. I got a BOS with a FVG.

It was on the one minute

BTCUSD btw

Fantastic! Hope you have all green days ahead!

[marble zinc]

Where can i read about your strategy?

[past needle]

Entry is based on:
Change of Character or Break of structure (both long or short period)
FVG forming
Entry candle FVG or next one
Matrix oscillator same Money flow of the ChoCh or BOS (green for bullish or red for bearish)

[marble zinc]

Thx

[past needle]

I would recommend looking above as well.

[harsh sluice]

@past needle thanks I will try again

[past needle]

Make sure you have all the signs before you take a trade (and backtest it too).

[old crow]

Yes, a sound basic structure strategy, this is what I was trying to use past few days and after I got the structure break at key OB's, set my limit orders at front edge of FVG's, price just kept running away many times, missed some good moves.....

[past needle]

There will be other big moves.

Forex has always got something moving quickly.

[mystic granite]

Backtested on everything…… pretty solid strategy…. Wouldn’t say 99% but but really high win rate. I would suggest to use any tool to avoid ranging market (where you can get some lose etc…) but the good thing is the lose are minimal and the win are big. I would suggest to go high on this one but in case you have plenty of OB in your chart take profit on the next order block (at least 50%) and play 0 risk the other 50% move stop loss to break even. First strategy I play with price action tool. I like it a lot. Suggestion to improve it are accepted.

[past needle]

The good thing about this strategy is that you can get creative with it. Make it your own in a sense.

[candid salmon]

I noticed that when the market is aggressive it doesn't pull back deep to the FVG, but it usually goes back to the CHOCH level.

[past needle]

BTC it does, a lot.

[candid salmon]

I meant Forex, especially Gold.

[mystic granite]

I would suggest a “STANDING OVATION” for Patrik that shares with us this strategy. Now to problem is how to set the alerts 😂

[past needle]

That is a whole different issue that we can ask Lux Algo team about.

[obsidian copper]

is there a way to stop the signals printig on a purple candle? @old crow

[candid salmon]

A new version of PAC is coming out soon with some alert updates I think 🙏

[past needle]

Yeah, they said it is in the works on Twitter.

[candid salmon]

Select only strong or + confirmation signals.

[past needle]

^

[old crow]

yeah, so thats the key, sticking with the your rules, and not change it during real time. Also, price may run away a little and after a bunch of bars, it may come back to the FVG entry, but you have to decide not to take it or not...

[candid salmon]

I have a limit order that I set automatically that is set to expire after 15 minutes if it doesn't come back to that level.

[obsidian copper]

in the custom alert creator?

[old crow]

what is your chart TF for your 15m window?

[candid salmon]

Custom, any alert or even the Create alert dialog. So many ways to do it.

[candid salmon]

5 min entry, so 3 bars only.

[old crow]

ok, yeah, thats good then!

if it was 1m, then 15 bars too much, i think

[candid salmon]

Definitely. It might be on the way back by then 😂

[old crow]

thats would be a choch, LOL

the other way

[candid salmon]

Yes 😂😂😂

[mystic granite]

To not mention that with this strategy you can go high (in trending markets) . I had some risk reward ration 5-7 or more. Can be easily used on 1 hour time frame (just check the panel situations on other frames) so is good even for swing trades and long trades

[past needle]

Exactly!

[old crow]

This was me yesterday on eur/usd

[candid salmon]

@old crow do you still have the chart where you had the FVG on EU when the train left in an eyeblink? I want to check something on the price action at that time.

[past needle]

Fantastic entry!

[old crow]

ha, just posted

[mystic granite]

Maybe to improve the strategy we need just to have a tool to avoid ranging markets (where possibilities of loss or little earning are possible …..) . My suggestion is to check how close are OB on the chart, or use the trend catcher (if it moves sideways it can indicate a ranging market) . I ve another tool that belongs to another company so I wouldn’t mention it. But if anyone has suggestions please come forward

[old crow]

I missed it, and I was toast for the rest of the day

[past needle]

I would probably use OB's for ranging markets, but I already use FVG and OB's for every market with this strategy.

[mystic granite]

Don’t worry we have plenty of opportunities everyday 🤩

[old crow]

yup, so I switched to UC with my HA, after a long day of frustration of nothing, and just grabbed my 10 pips as usual

[past needle]

Is 10 pips usually your sl?

or tp

[old crow]

10 pip is my typical hard TP on my HA template, with no SL near by

My SL is some exit trigger on the chart

One of these days, I am going to implement a HA candle/wick pattern pure strat to go for longer moves....its easy to implement, I would have to change the HA bar wick colors to standard HA colors and try to keep Lux candle colors intact

[past needle]

Good idea. Hopefully it works out well.

[old crow]

it really is simple, let me try to throw some charts with notes up in a few

[past needle]

That would be awesome, thank you!

[candid salmon]

This is what I mean by retest of CHOCH level:

@old crow 1 minute chart, swing structure on PAC

[past needle]

I love your colors on the chart.

[candid salmon]

Not as good as Pro Micky! I just had to find something that is neutral and doesn't conflict with bearish bullish colors.

[past needle]

Micky is an interior and exterior designer of charts, not even God himself could beat him 🤣

(I'm just kidding)

[candid salmon]

My monitors aren't as good as Micky's 😂 he must use those that reflect true tones 💯

[old crow]

Here is a plain HA chart

[past needle]

4k HD for real.

[old crow]

With the basic HA pattern plays

This is the pure HA bare chart and how to trade the HA patterns

[candid salmon]

I heard that when you take magic mushrooms you can see 4K HD colors ... hint hint 😂

[past needle]

It's cool that you can do it without the indicators, shows people improve when they are guided in the right direction.

[past needle]

I'm dying of laughter rn

[old crow]

This is where my exact entry was on the short. I wait for the HA candle to close with no upper wicks after the HA doji candle.

THEN BOOM!

10 pips

[past needle]

I got a good long on the 1min chart on BTCUSD this morning.

[old crow]

This is why I use HA bars, easy for me to understand it, as regular candlesticks has a million patterns that prints on every other bar 😡

Now if I can overl the Lux trend color ontop of these, and still show the original HA wicks colors, then I may have something

[past needle]

I do find HA candles are helpful, it's just that all the clickbait youtubers use them to make it look like they made profit when really they fell by 50% that day, which infuriates me.

[old crow]

[past needle]

They should add that.

[old crow]

Click bait? isnt everything a click on youtube? search SMC, market structure or ICT on youtube

everything is clickbait

[past needle]

That is true.

[past needle]

[old crow]

if we see something that we dont subscribe too, we view it as click bait, if we see something we like, then it is legit

[old crow]

this is where we have to accept other traders ideas and not crap on it or bully, Theres too much of that going on in other discord groups.....no right or wrong way to trade...each of us have our ideas and if we can make it work consistently, then thats all that matters....

[past needle]

It's just when you think every little thing that happens in the market is the end of the world it becomes a problem 🤣

But I get what you're saying and I agree.

[old crow]

Its crazy, thats why this Lux group is great, we dont see too much of the BS bully crap here......its all good here....

[past needle]

Ikr!

[old crow]

there were some, but we fixed that real quick, LOLLLLL

[past needle]

I could imagine lol

[old crow]

BUT, I am prepared with the punches thrown at me when I chat about my HA charts....like its too simple minded, no way it works, its too noobish, its not ICT way, its not bankers way, its not this or that

https://tenor.com/view/lmao-spit-take-cracking-up-haha-so-funny-omg-gif-17921247

NOW, we overlay Lux color and keep the original HA wicks

This should filter out some entries

Add MATRIX, and then we drink beer

https://tenor.com/view/cheers-dierks-bentley-breland-beers-on-me-raising-a-toast-gif-23735274

[past needle]

Sorry, I was eating lunch. HA candles are helpful but they call for a lot of backlash.

[old crow]

That is why i take 10 pips, rinse and repeat

Here is the ES futures yesterday on this strat going all the way

[past needle]

You timed the top so well.

[old crow]

Because we are viewing the HA as candlesticks. We have to stop this. View them as another trend indicator overlay...

[past needle]

As in the oscillator matrix or something like that?

[old crow]

yes

even with regular candlesticks, 95% of us home gamers fail at this

[past needle]

^

[old crow]

if regular candle sticks dont wok for you, try something else

[past needle]

Agreed.

[old crow]

same ES futures on 15m

see the HA pattern?

[past needle]

It's a much longer term, but still says the same thing.

Which can be great for confirmation.

[old crow]

YES, do higher TF HA charts for trend bias, and lower TF entry charts with PAC entries on regular candle sticks

[past needle]

Is that a question or a comment? I can't tell.

[past needle]

15min tells you where it's going over the long term (relatively) and it tells you that the shorter term may have a chance of still going down.

[old crow]

Yeah, maybe on this 5m OB bounce, this could turn into a breaker block re-test to go short, based on the current HA 15m pattern?

[past needle]

I would guess so.

[old crow]

interesting combo here

you see, both worlds can work together

[past needle]

For sure.

[old crow]

https://tenor.com/view/friendly-enemy-jeremiah-valeska-gif-13220332

or do this

have the 15m HA just bare HA with matrix only

this way the lux colors wont mess with your head on your PAC entries

[past needle]

If I was trading in this situation, I would use the strategy and look for the next sign.

(If the market was open)

[old crow]

Now, maybe that structure displacement FVG limit wont be that scary anymore, as its going with the HA bar trend

[past needle]

Is that bullish or bearish OB? If it bearish, it is pretty massive so it can bounce the price, but on the other hand if it is bullish, the bears could easily tear through that.

That is based on the 15min

[old crow]

bullish ob

[past needle]

Hmm..

It's hard to say

[old crow]

solid level

cant break through it.....YET

[past needle]

It had so much power coming down that they probably ran out of steam.

One on top sitting at 91%!

[old crow]

tough call, that 91% is so far away

[past needle]

And we did have a liquidity grab at the bottom.

Almost a double bottom.

[old crow]

Who knows, just give me my 10 pips either way

[past needle]

😄

[old crow]

or 80 ticks on mES

[old crow]

do crypto

[past needle]

I trade crypto on the 1min usually.

[old crow]

a bunch of minute bars price just sitting wiating for someone to jump in

[past needle]

Crypto is the only thing I trade on the 1min, everything else is 15 and 1hr

[past needle]

For sure.

[old crow]

Maybe some scalps on bare HA 1m

[past needle]

Yes, definetly.

[mystic granite]

Backtested Patric strategy on EURUSD….. made some killer trades over 50/60 pips….. I will test on stocks on Monday .

[past needle]

Holy cow, nice! And btw Micky taught me it (Micky is the goat)

[mystic granite]

We all know is a kind of God in trades…. Would love to have 10% of his experience and expertise

[past needle]

Ikr! I felt bad not giving him credit but I wanted to spread it around.

[old crow]

EU on daily past 12 months, good trends

UJ

ES futures

BTC

APPLE

TSLA

and wait for this last one

dam facebook

LOLLLL

[old crow]

NOT me, just learning from others and YouTube and LuxAlgo TV write-ups.........

The Silver Bullet is the strip down version of this concept, you look for the FVG setup during 10-11am NY and TP levels plotted for you, using lower TF's like 1m, 5m charts etc.....

[past needle]

I didn't know the silver bullet was this strategy.

[old crow]

https://www.tradingview.com/script/fq4wSUev-ICT-Silver-Bullet-LuxAlgo/

[left heron]

👌👌you are awesome bro

[old crow]

Lux examples on the TV indicator page

1 hour window to look for the set-up

auto plots TP level for you

FVG colored for trade direction

Lots of videos on youtube on this, and from ICT himself, he probably has a 5 hour video on the meaning, history and the why's on this strat and at the 4.5 hour mark, he finally describes the Silver Bullet

Am I right or wrong?

(joking....)

[mystic granite]

So let’s resume the strategy entry and exit features:
1 hour time frame
2 choch or bos formation
3 fvg formation after or in the same candle or the choch or bos
4 matrix oscillator money flow same color or the choch or bos or fvg
5 entry next candle
7 exit next OB or opposite choch formation

Obs

• avoid ranging market
• trending with the trend is a plus

[candid salmon]

Just be aware that the confirmation of a FVG formation is a sequence of 3 candles.

[old crow]

Dont forget price needs to pullback to the fvg, if that is your strat

Some just take the structure break, but be aware of the possible drawdown, the fvg entry is suppose to limit the drawdown and try to get a better price, in theory

[mystic granite]

So you mean the price has to retest fvg as support before entry? Just asking cause sometimes prices just run without retesting

[old crow]

In theory, you set limit order at the FVG and wait for price to come back to hit it, or market in. This way you get better price. And yes, sometimes price runs away, and you just have to live with it and wait for another set up. Thats what happened to me yesterday, it just ran away. So in your back tests, make sure you pick an entry model, one way or another, keep it honest, and dont fit the back test for pretty stats

[past needle]

I will check it out. Thanks 👍

[old crow]

So if you set a limit at the mid level of the fvg and a SL at the other end of the FVG, it will be a small stop out compared to the potential win. Look at the above chart where you could had placed the SL at both the example entries

SL's never got hit at limit order at mid fvg

Just like @candid salmon mentioned, look how many bars it took for price to pullback to FVG's

In my opinion, safe to wait for the pullback to fvg, because the SL is small, compared to if you just jumped in on the structure break formation and then price retraces for another trend change, this would be a much bigger loss. Better to wait for the prime set-up, and worst case, small loss, versus just jumping in and the loss could be much bigger.

Limit the size of the losses...

It is safe to wait for the train to stop, so you can jump on board. and if the train reverses while your on board, your safe and you get off at the next stop.

If you try to jump on a moving train, yes, you could get the huge win by hanging on the side of the train rail, but what if you dont? you missed that rail while the train is moving, then what? you get smashed and who knows what will happen to you

What the heck did I just say?

Just an opinion, thats all......

[candid salmon]

Not to mention that before a big move like that, you would usually see price ranging and creating choch in both directions before finally breaking out. Best to wait for a pullback or even creation of internal market structure before entering.

[mystic granite]

Something like that

Zoom on the pic…

[old crow]

Looks like the circled doesnt fit with the concept strat

That FVG is like too far away from that internal bos formation

and it was against the swing structure? so not sure what your plan is here

If your start is pure FVG's (with disregard of structures, then maybe ok), but with structure triggers, I dont see it with this circle.

Maybe someone here sees it differently and it was a good entry 🤷🏻‍♂️ @candid salmon

[candid salmon]

🧐 @mystic granite what pair is that? I will have a look on PC.

[past needle]

In that situation, you would have had a good entry but what happens one day is not likely to happen another day, so maybe luck idk.

But still a good strategy if you follow the rules to the T

Oh wait, sorry @mystic granite, I didn't see the BOS before it, I'm dumb.

You did correctly, my mistake.

[old crow]

Nice

[edgy basin]

Fvg is extremely important

What this means??

The price back to that point

[past needle]

Smart trail turning bullish

[edgy basin]

But then it goes down, isn't it indicating down?

[past needle]

It's guessing where the trend might go.

[bronze vortex]

smart trail is really good most of the time

[past needle]

It is for confirmation.

[mystic granite]

Sorry I meant this….. the first circle @old crow @past needle

[old crow]

Hey, before I forget, we were chatting about HA, What if we had regular candlesticks PAC chart, and HA next to it, on same chart to help us in a structure direction?

[past needle]

I can't wait for Monday now. I want to test this more.

[past needle]

First time I've been excited about the week starting.

[past needle]

That would work wonders.

I don't see how that would fail.

[mystic granite]

So if I understand well the fvg has to appear close to the choch or bos (same candle or one before or after)….. am I right?

[old crow]

This first circle long is fine, as long as you have a sound reason to enter long. I see you entered long on BOS long, but that was against Trend Tracer. What abut the BOS long before? why didnt you take that? as we see that as a loser loss entry?

Trying to pick the nice entries on a previous chart will do you dis-service, because you need to explain why didnt you take the previous entires when they were losers

If your not going to folow the Trend Tracer, then take it off the chart, right?

And how do you use the reversal bands? if you dont use it, take it off the chart

You have some sort of MA, and that BOS long was going into that? if you dont use that MA, take it off the chart

[mystic granite]

I don’t use trend tracer or trend catcher on this strategy. If I m correct the entry requires: choch or bos, fvg and matrix money flow…. So trend tracer is there cause I use like confirmation in other strategy…..

Same for reversal

[old crow]

Ok so you are watching several types of strategies and templates all in one chart? does this not play mind games with you when it is in real time? why not have 2 seperate templates?

Because it sure plays mind games with me, and hence all my questions on why you would take that BOS long, instead of the other BOS long

trying to help to clean up the chart so you can clearly follow your rules

[past needle]

Watching people day trade on YouTube makes my head spin so that's why I only use Lux Algo for my trading.

The strategy we all know works wonders so just stick with that one, and don't let your mind be bogged down in all these fancy indicators that you see people using, its all noise.

Just makes it more stressful.

[old crow]

The key is, we need to explain why you took that first circle BOS long for the huge winner, and why you didnt take the previous BOS long when we know that is a loser? because in real time, each of these BOS long will print and you need to decide which one to take

Keeps your backtest honest to yourself. If not, you will get frustrated in real time trading

[past needle]

He can take both but it will double his risk.

[marble zinc]

Thx you very much♥️

[young sand]

@marble zinc has earned the Lux Level 1 role!

idope just levelled up! 🍪

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[old crow]

As lomg as he has a good reason to take both then great/ We can filter these BOS entries with other factors, like OB's, Matrix...etc

We just need to explain honestly we we are taking some entries versus not taking the others on a visual backtest.

[mystic granite]

Don’t know ….. probably no fvg was created or matrix money flow was opposite…. So actually I don’t remember

[old crow]

Because that first circle was not an entry if you were to use the FVG entry, price never hit that FVG after the BOS structure

The previous BOS long did have a FVG if you look at it, price mitigated it and kept on going down

So the key was, if you took that, we=here was the SL placed?

[past needle]

It seems to work when it doesn't hit the FVG again and you just get one FVG and one BOS or CHoCH from what I've seen.

[old crow]

Taking that FVG kept your loss smaller, compared if you just took the break on the BOS

[old crow]

We just dont know how the market behaves everyday, sometimes it runs, some times it hits every FVG along the way. But we have to keep to the rules, if not, your going to be a mess in real time.......there is no right or wrong entry trigger, just evaluate what risks you like and the potential of each of these risks, Then folow your rules everyday.

Enter just on structure break can get you in quick on fast moving markets and win huge. But the immediate reversals after the break can be a larger loss, versus, if you would had taken the FVG entry. But if you use the FVG entries, you will miss alot of moves as well.

So each entry rule has its pros and cons. You just have to pick one, and go

[past needle]

I agree. I think I misunderstood what you were saying because I didn't read it properly, so that's my fault.

[old crow]

@mystic granite that first circle was obviously a HUGE winner, just need to explain why you held all the way to the top, and why didnt take the previous BOS long. If you can honestly explains these 2 scenarios, then my friend, you have a great strat with rules for yourself

@mystic granite I am using this as an example, you see this bare HA chart I posted earlier, I have noted clear cut rules on the plain bare HA chart. Rinse and repeat. There is no confusion on when to enter and when to exit. So if you can come up with a strat for yourself, with clear cut rules on when to enter and when to exit, then the sky is the limit

Then you get to spin the LUX trophy

[past needle]

So shiny!

[old crow]

hahahahahahaha

Im selling color theme packages for download installs. Buy 3 get 2 themes for free

[mystic granite]

I guess I didn’t know why I haven’t taken…. I guess no fvg was printed or matrix didn’t confirm the buy…. The second I took all the way up cause no choch bearish was printed and matrix oscillator money flow looked pretty bullish…. So I guess followed the rule

[past needle]

Take my money!

[old crow]

YES, great, you have some rules now. Just talk your way through this, and you are creating a set of rules for a strat. Write them down if you need to.....

And with your rules, bring up a new chart on another asset and see if your rules work more than it doesnt...

Adjust your rules, tweak them, then try the rules on different TF's and assets.

[mystic granite]

My only question is does the fvg need to be retested? And I looked some video on YouTube on silver bullet where the talk about 2:1 risk reward instead of choch (opposite) or OB as exits

[old crow]

@mystic granite You didnt expect these types of answers from me when you posted your chart, huh? Im just trying to have you think this through on your own, so you can develop your own strat....

[old crow]

This is what we are chattig about most of the day, use FVG pullback, or not use it. This is all your decision. No right or wrong way

[old crow]

Silver bullet uses FVG, that is the strat, doesnt use OB's

[past needle]

It's working! It's working!

[old crow]

YUP, this time, fvg limit entry worked

you got in at a better price

[past needle]

I just looked for CHoCH and FVG

[old crow]

You bought a higher price bar, going short

you got the discounted entry

[mystic granite]

Thanks …. I would add the trend tracer or other tools in order to avoid range markets. Tryed this strategy all day long and is a winner with usually huge wins and small few loss. Maybe the panel can add extra confirmations since we can see what happens on others time frames. You do good asking me questions and let me thinking . As I says before I m just a beginner and would love to learn more from you guys 🙏

[pseudo crow]

What is fvg on the chart?

[young sand]

@pseudo crow has earned the Lux Level 1 role!

arti0679 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

[marble zinc]

can you share me ur indicator settings?

[past needle]

All I have on for price action concepts is FVG

[old crow]

Learning to fish is always better that someone giving you the fish....

[past needle]

Wait, which indicator?

[marble zinc]

i mean ur settings of indicators what ur using for ur strategy

[past needle]

Ohhh, I use price action concepts, oscillator matrix and signals and overlays just minus the signals.

Everything else is default.

Then I follow Micky (the goat's) strategy and double my money bc he is a trading god.

[old crow]

CAN WE get back to this now?????????

hahahahaha

JOKING

[past needle]

It works lol

Extra confirmation that Heiken Ashi candles don't repaint or print false candle direction.

[marble zinc]

thx patrick

will try to use the same strategy

[pseudo crow]

Can I use this strategy also where can I find @old crow @past needle

[old crow]

which one? the structure break, fvg entry?

[past needle]

Spread the word 😂

[old crow]

this one?

[pseudo crow]

I just looking any strategy that I can make $

[old crow]

Oh boy......

#💬hangout message I have these, my goto set-up when the going gets tough.....

Scalp 10 pips in my sleep with this set up

[pseudo crow]

Can we download that from you @old crow

[old crow]

LOLLL

learn to fish, much better than waiting for someone to drop the fish, right?

its easy

[pseudo crow]

Yeah you right Mike

I’m learning

Trying to understand

The Luxalgo

[old crow]

Signals and Overlays, Trend Tracer/Catcher, Auto Mid Term, HA bars, then add Matrix Oscillator, thats it

@pseudo crow

There are other members here that have AWESOME strats as well......

[pseudo crow]

You use Luxalgo signals or price auctions indicator

[old crow]

Also look at Lux YouTube short videos, alot of conceptual strats, ALOT

[old crow]

I have both templates I use, Both are good. When the day gets tough for me on Price Action Concepts, like yesterday, I then pull out my Signals/Overlays to scalp 10 pips, to make me feel better

[pseudo crow]

I’m reading this docks

[old crow]

PAC i use for bigger TP's

Signals/Overlays HA chart, ill take 10 pips a few times a day and thats it

[pseudo crow]

I used to make profit but from the time I use tight stop loss I’m losing only

[old crow]

And that is why I don’t use stoploss anymore

[pseudo crow]

Yeah I understand you

I had bigger budgets before I had no problem but now I lost up to $20k my budget is low

[old crow]

When your rules pattern strat is still in play, why have a tight SL to close you out when your rule base strat is still in play?

[pseudo crow]

Yeah I’m new and the news and marten did got my profit at all the time

Beginner and margin and news got me bad

[old crow]

Use smaller lot or contract size

Dont go for the big money. Whats more important now is learning and testing a strat that wins more than losing.. who cares if you won $1 on small lot versus full lot winner of $100 on the same trade. The chart is the same.

[old crow]

Anyone use Lux ICT Kill Zones?

[candid rose]

Ur guys average daily percentage profits?

[sterile cosmos]

$818 overall per trade, $205 loss last month. 1:4 profit ratio. Thanks to LuxAlgo

If that makes sense.

[glacial bolt]

Thanks Micky

[candid rose]

What time frame y’all use?

[old crow]

I use daily for sentiment, then 1H, 15m for scalping

@candid rose

[candid rose]

For 15 min time frame how many trades u usually do?

[old crow]

I just want to end the week net positive, thats my goal

[candid rose]

Ok

I just bought lux algo kinda confused what to do

[old crow]

I would start here from 1st to last post #🧠core-lessons

Then #📈must-watch

There's alot going on here with Lux, so if you take it piece by piece, should be easier to have it click later.

Start with Signals and Overlays, read the DOCs and videos on it. Then you can move towards Price Action Concepts......

Videos help you alot to understand everything

[cyan skiff]

Micky, Can u tell me ... Whats the connection between FVG with Oscillator Matrix >

[old crow]

Im not sure if I understand. Both are seperate and have no relation with each other. FVG is a market structure concept. The Matrix is an oscillator indicator

[cyan skiff]

OK. I saw some posts related to BOS , CHOCH , FVG and Hyper wave turning Points. I use 5 and 15 Min TF. I see First signal comes in Lower Tf then in 15 min

[old crow]

Yes you can use the Matrix to time your entries and exits. Matrix can be used with any concept and any type of templates

[cyan skiff]

ok . Thank you Micky👏

[old crow]

#📈must-watch watch these sets of videos, it really does help

I have watched and re-watched so many times over.....

The short videos gives you so many individual trading concepts. Then you can mix and match them to create a strategy for yourself....

[left heron]

Hey bro please clear my doubt.Do you wait for bar close without wick or just jump when it's forming

[young sand]

@left heron has earned the Lux Level 1 role!

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[left heron]

And what time frame do you use for this strategy

[latent turtle]

Congratulations I use that strategy as well and have had multiple successful trades with it

This is an example of one from yesterday

[latent turtle]

@warm monolith what do you trade crypto?

[abstract tapir]

Perfect

[young sand]

@warm monolith has earned the Lux Level 1 role!

krovka just levelled up! 🍪

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[harsh sluice]

@old crow how do you understand the day is bullish or bearish??

u said by seeing sentiment on daily TF, what should be the sentiment percentage to go for bullish or bearish?

[mystic granite]

@old crow @past needle my question is. Back testing with replay on trending view is only possible with Japanese candle. So how will work the strategy with HA candles that I normally use. The FVG CHOCH and BOS will show up in the same position or will be some changes?

[old crow]

I always wait for candle close

[old crow]

Pull up a daily chart for past year. What is the trend?

[old crow]

Replay not possible with HA bars.

[old crow]

Market structure and HA candles do not mix. HA are not real price bars therefore will not provide accurate market structure. I do not use market structure concepts with HA bars

I have two templates with each different strats. HA template is pure trend trading. PAC template for market structure trading.

[past needle]

Extra confirmation.

[past needle]

Also, make sure a candle closes before taking a position because you could get a false breakout.

[elder shell]

Alright, thank you

[past needle]

Of course I took a short and exited too early.....

It went down further from there...

[spark tree]

Just some general information for anyone that might run scripts on tradingview (Not specifically Lux products). But if you have scripts that you use strategy tester on you already know that previously you could not get reaslistic results if chart type was Heikin Ashi. Well now Tradingview allows for realistic backtest on Heikin Ashi Candles. Can read more at : https://www.tradingview.com/blog/en/new-features-pine-script-realistic-backtests-heikin-ashi-built-ins-for-symbol-info-39050/

@old crow (responding here because I think that chat is getting too long for the userfeedback section)

Well said. For me personally. This what I have never understood about live steams on youtube recommending specific trades, when simply stating that something is not financial advice may not necessarily absolve you of legal responsibilities or protect you from potential liability. The context, nature of the advice, and jurisdiction-specific regulations are crucial factors to consider. I think those guys are playing a dangerous game all it takes is one weatlhy angry viewer lol But I would love to see users teaching HOW they trade in the live chat eventually. Would be nice.

[old crow]

AGREE 100%, I am just a regular member here trying my best to help. I dont have to post any of my charts at all, but I do, as it helps me keep my own trading honest. And yes, calling out trade set ups, is a HUGE no-no, and I do believe, and I know for a fact, Lux will never ever do this themselves for the specific reasons you mentioned. If Lux declines to play with the devil, then as a regular member, I would hope so as well.

[spark tree]

@old crow I am working on another setup. Lower risk to reward. Its not ready yet tho still working out some issues and sample size is sill low. Will provide once its ready.

[spark tree]

I want at least a 100 trades on the fxbook before I share. 100 individual trades and not stacked.

At the moment it only has 35 trades so needs a lot more testing

[candid salmon]

Several possibilities for not exiting too early: target next swing low; check if matrix is still bearish; wait for choch in opposite direction.

Just be aware that it usually is quite difficult to predict tops and bottoms.

[old crow]

Interesting....this is good that your are waiting to collect more solid real executions. Nice work and hopefully it turns out great!

[past needle]

Thanks

[old crow]

Also, closing out too early is better than closing out too late...any trade that results in net +, is a win in my book.

[past needle]

I only bet a little bit on crypto so it was a $30 profit.

[old crow]

$30 profit is better than -$100

[past needle]

True.

[old crow]

Dont get too worried on how much money you could have made. The fact is, you didnt lose. Now you just try to improve your trade management. Practice and practice until you find your way

[past needle]

I've actually found that if I place a long or short on an FVG, it usually goes that direction and don't need the CHoCH to tell me or BOS.

[old crow]

OK thats great that you are starting to create your own strat. So when a FVG prints, what trade direction you take? What are the rules in order for you to take a long when a FVG prints? and vice versa

[past needle]

Waiting for the candle to close and get in after the FVG.

[old crow]

Which direction? What tells you to enter long or short after FVG?

[past needle]

Okay maybe it's not the perfect strategy. I'll need to refine it more.

[old crow]

Hahaha, what I meant was, what are your rules to take a long or a short? You may have a great strat. I just wanted to know the rules and reasons why you would take a long or a short.

[past needle]

The only rule I was thinking of was entering after the FVG.

For both directions.

[old crow]

Ok so when a FVG prints, you just enter in any direction?

[past needle]

Yes lol

But now that I think about it, it doesn't sound that great.

This is hard.

[old crow]

Let me try to help here with your FVG. Let’s say price is in down trend, and a FVG prints while price continues to go down. Then you enter short and win most of the times. Then you may possibly be trading a momentum trend strategy. So you could use Signals and Overlays to follow the Lux trend and also use the Matrix as well.

[past needle]

Ooh, that could work.

Let me test it

I may just stick with the old strategy (not old but you know what I mean). I'm stuck between two worlds.

[past needle]

Okay, I think I'm onto something. I combined the price action concepts with the smart trail AND the oscillator. It could be a very powerful thing.

[young sand]

@past needle has earned the Lux Level Ultimate role!

patrickbm4gg just levelled up! 🔥🥇🚀

You’ve made it to the top. Congratulations, we are super thankful to have you a part of the LuxAlgo community. <3 You are now qualified to receive the LuxAlgo Pro role which includes many perks. Keep it up & an admin may reach out!

[old crow]

Nice.....once you create and test your own strategy, you will have the ocnfidence...

[past needle]

I'm very excited.

[old crow]

BOOM. Look where you came from a few days ago, to where you are now. At first, just like most of us in the begijning, we want to copy someone else's strat. Now you are creating your own. Doesnt this feel much better and with more confidence?

[low torrent]

[edgy moss]

Hello just got my subscription and cannot see my indicators

[past needle]

It does actually, thank you!

[old crow]

Did you restart and refresh your TV? try it

[edgy moss]

Yes many times

Is it possible to change name of tv ?

[old crow]

As long as you provided Lux the correct TV profile name, it should be instant. Have you tried to chat with Lux support on thier website chat?

[old crow]

Ask Lux support by email or their website live chat

[edgy moss]

I think I made a one letter typo

[young sand]

@edgy moss has earned the Lux Level 1 role!

Dariusz Golczynski just levelled up! 🍪

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[edgy moss]

Ok thanks for your help

[old crow]

Yeah, that will be the reason why it doesnt work.

[past needle]

@old crow Found my strategy, thank you so much for helping me out so much! I owe you one!

I feel confident now!

[old crow]

[marble zinc]

Which timeframe you go short or long on fvg? And where do you set tp or sl?

@old crow your amazing, i learned from you so much in the last 24hours

[past needle]

Mainly 1min, 15min, 1hr

I don't really set a tp or sl

[marble zinc]

Okey thx and you enter in fvg from 1min?

Or other timeframes?

[past needle]

I enter mainly on 1min and 15min

I usually enter on 1min

[marble zinc]

Thx 💪

[past needle]

I used to use 15 but it was too slow.

Also, if you want extra confirmation, make sure to turn smart trail on.

[marble zinc]

Yeah i focus on fvg, smart trail, coch or bos

[past needle]

Perfect!

[marble zinc]

Thx men it works out rn

Went in sol/usdt 1min

[past needle]

Good luck!

[marble zinc]

I will work around this strategy its works so nice

Small lose possible but huge profits aswell

[past needle]

Most people got that result that tested it so it is very reliable indeed 😄

[old crow]

PLEASE dont hate on me, as I know this is a very sensitive topic with HA candlesticks versus traditional Japanese candlesticks. I AGREE 100% that HA bars are not real candlesticks, I agree if you enter and exit on the entire HA trend move, you may get chopped out. I agree HA do not provide accurate market structure. I agree. BUT hear me out, this is for the struggling traders, and just trying to help everyone see price action at a different angle. There is a small group of traders out there in the real world (and the internet) that do use HA with Supply & Demand (order blocks etc). Traditional candlesticks may be confusing to some traders as to when to enter around key levels (supply/demand zones or OB's). Maybe the HA bar patterns can help with this.....

[past needle]

That is an excellent point, especially when the regular candlesticks have gaps in between days (but that can be easily fixed).

[old crow]

Gold

[marble zinc]

Looks pretty nice

[old crow]

UJ

5m EU

Here is GOLD on 15m OB's, with 1H OB's (grey OB's)

Look how price reacted to the 1H OB's on this 15m chart with 15m OB's

[past needle]

That's quite a rejection off it.

[old crow]

Now if you learn how to read the bare HA patterns, around key levels of supply and demand or OB's, it can be very VERY effective

[past needle]

I just found that 1min timeframes have more of a chance of getting in to a position.

But 15min timeframes have more detail of where price is going so I don't know what to use.

[old crow]

Add the MATRIX, and then

[old crow]

5m EUR/USD PAC BreakerBlock concept with HA

[shut stone]

Thank you so much for sharing. Did you use higher timeframe OB?

[old crow]

This chart is just the 5m PAC OB's, no higher TF OB's in this chart, to keep it visually simple for this example

Here is same 5m with 1H OB's enabled, you see how these higher TF OB's are so good?

[pseudo crow]

@old crow where can we learn the HA

[tame socket]

@vagrant crater @thin trail Hey guys, been enjoying some discord chat formatting 😄 not sure if its allowed, pretty abusable. Might want to remove permissions of it if you think so. 😄

[old crow]

• I can make a bullet point

__underline @tame socket __

[little flint]

https://tenor.com/view/google-gif-25414271

[tame socket]

[digital minnow]

hello guys, for some reason i can only access 3 indicators o tradinview and i have done my membership.... any thoughts?

[pseudo crow]

What’s this a game @old crow

[old crow]

I dont understand?

[old crow]

Looks like you have all the Premium LuxAlgo indicators. You are all set to go

[pseudo crow]

Yes I do @old crow

[old crow]

Hey there, Im sorry, I dont understand your last 2 posts for me? Did you need some help on charts?

[pseudo crow]

Yeah I’m trying to adjust them that can help me more on trades

[amber lynx]

Nice

[tawdry idol]

[past needle]

I don't understand crypto trading. If you buy crypto like Bitcoin for example and you get in at a good price and it goes up a lot, and you sell at a high, do you receive the payment in Bitcoin?

If that makes sense.

[marble zinc]

wtf

is this a real question?

[past needle]

Yes.

I don't know.

[marble zinc]

oh well also

it depends on which pair you buy something

as example: you got EUR

you trade with EUR now btc -> after trade you receive EUR

cause after you close trade its like a sell -> You sell at higher price of BTC into EUR

same with other pairs like BTC/USDT; BTC/USDC etc.

if you go for BTC/ETH trade

you buy with your own BTC -> ETH and sell ETH into BTC -> you receive btc

somehow its selfexplained, isnt it?

[past needle]

Sorry, I didn't know.

[marble zinc]

was it understandable at least?

[past needle]

Yes, thank you!

[marble zinc]

your welcome

[past needle]

🙏

[bronze vortex]

Crypto or options overall?

[digital minnow]

Thanks Mick, i was just a bit confused that i couldn't find some o the premium indicators mentioned by some guys that i follow on youtube.....!! At the moment i only have access to 4....! thanks for your help!

[old crow]

Ok cool, the Premiums you should have are: Price Actions Concepts, Signals & Overlays, Oscillator Matrix, and Legacy Oscillators v5

[digital minnow]

Awesome mate! I will search them all.....!!
Thanks for your support !

[latent turtle]

There are 4 lux algo premium indicators? I only have 3

I don’t have Legacy Oscillator

[vale forge]

which setting has the highest accracy for signals?

[old crow]

#👴legacy-indicators

[old crow]

#🧠core-lessons

[latent turtle]

Is there a video on the Fibonacci toolkit? Can that be combined with price action concepts

[old crow]

https://youtu.be/lsEnCO_pv2w

[old crow]

15m EUR/USD 10pips hard tp

Micro ES futures - 60 tick manually closed out. 2nd and last trade before NY session.

Sleep time

😴

[digital minnow]

guys how to change the candle colours? i think i am doing something wrong... lol

[finite bear]

On S & O?

Good morning everyone. I wish us all a profitable week.

[pseudo crow]

Good morning

[past needle]

I didn't know they had a fibonacci indicator.

[gritty kite]

I found about it this morning too

[pseudo crow]

Anyone here trading gold xauusd

[fleet tendon]

Yes

[pseudo crow]

How did you set indicators?

[fleet tendon]

I use the PAC toolkit. All default settings

[pseudo crow]

What indicators you use leefeet

[fleet tendon]

Price Action Concepts + Oscillator Matrix

[pseudo crow]

I have both

How can I find the directions of xauusd

I see order blocks 79% 1920

Is that a refer point

Can you help me how to use it

[fleet tendon]

For trend direction always check higher timeframes. But depends on your trading style. I use 1hr, 15m, 5m and sometimes 3m.

But like I said depends on your trading style

[pseudo crow]

I’m beginner

Trying to learn

[fleet tendon]

Start here first #🧠core-lessons message

[past needle]

I personally think that higher timeframes are too slow for me. But that's just me.

[pseudo crow]

So busy

Yes very slow

[fleet tendon]

@pseudo crow Then watch Lux video's on YouTube. There are many ways to use Lux indicators. But most importantly find something that works for you

[fleet tendon]

Less noise

[past needle]

True.

[fleet tendon]

@pseudo crow And when trading Gold, always have the Dollar index on the side. This way you can track the movements.

[pseudo crow]

I don’t have that

Thank you for advice

[fleet tendon]

Can be added in TV under 'Add symbol'

[pseudo crow]

It’s so choppy

[fleet tendon]

Yes, its ranging right now

[pseudo crow]

Do you consider this order blocks?

On the video they say the price is going to go to this areas

[fleet tendon]

Pay attention to the volume metrics on the order blocks. The higher the more significant.

[pseudo crow]

Yeah that’s what I’m trying

I missed this sell on gold. Did you take it @fleet tendon Leefit

[zinc latch]

good morning

[sterile cosmos]

So, I got it... #💬hangout message but I didn't trade it.... https://www.tradingview.com/x/6cKLHxLA/

[night lion]

@latent turtle for your CHOCH / FVG strategy, are u using the PAC indicator? And, what timeframe

https://tenor.com/view/lets-go-the-rock-rock-go-rock-lets-go-lg-gif-18455293

[fleet tendon]

Yip

[pseudo crow]

Did you got that move

@fleet tendon

[past needle]

wdygt?

[wanton sandal]

Your Entry short is correct, imho.

[past needle]

Thanks.

[wanton sandal]

However, the problem I see is a correct TP. We are at premarket low rn.

[past needle]

Oh.

Thanks for the info.

[wanton sandal]

I f I would be in the trade I would set TP @ 1.09405. The move down lacks of dynamic so far.

[past needle]

I agree the move is kind've depressing.

[wanton sandal]

@ Mickey, remember our discussion the other day? That´s kind of interaction between us traders I would like to see. Nobody should show kind of arrogance when somebody is showing his trade, and it goes wrong in the end. It´s the thought process, the reasoning, and the indicator expression we see on the chart, that should be the only guidance. Patrick has had the guts to show what he has decided trading EURUSD, based on his (our very same) screen.

The trade is now going against you, Patrick. My observation is that traders swept the Sellers Liquidity just below the former low, which was some 7 hours ago. In ICT terms the move down was just an inducement, inducing ratail to sell (i.e. by resting SL orders here, or FOMO selling, what could have expected). It´s on 5m I do look at.

[past needle]

That's annoying.

But it's way the cookie crumbles

[past needle]

Oh well.

I didn't put much on it anyway.

[wanton sandal]

Now it gets intersting. I fyou don´t hve a firm SL.... the trade can continue, imho. On 5 m we have a Doji right in the smart trail zone. Tough would be to open a second trade to the downside arguing the the pros will go for another sweep of sellers liquidity sitting below the last LOD premarket.

[past needle]

I thought it was the indicator's fault but that does make sense.

[wanton sandal]

The green signal is imho just a counter signal showing the dynamic of the counter move compared to the former down move being lazy slow. Never trust just the signal. A green or red signal doesn´t say enough....

[past needle]

I was following the FVG and CHoCH or BOS

[wanton sandal]

seems that buyers took over now. Their first goal is premarket high....

[old crow]

[old crow]

Give me a few and I’ll come back to take a look

[old crow]

So what’s going on with this EU trade?

[wanton sandal]

I am following Patricks trade using my own observations what I see on screen. Nothing wizardry.

Buyers now maybe tasking to sweep buyers sitting firm around 1.0975 (being sellers SL´s).

Mickey, just helping myself in saying loud what I see, and think about it. Maybe other traders do see something else, and have different explanations on price action, that would be very helpful. Friendly critics always welcome...

Buyers got swept. Will they continue to hold the upper hand? Where is the next liquidity zone ahead?

[old crow]

This is a tough game we play. I have no idea about what goes on with the big boys, so I cant comment on whether if buyers or sellers got swept or liquidity was over there or here...I just really dont know, and we dont know. All we can do is do the best we can with our charts. And if we have a legit reason on why we entered, then that is all tat matters, because in theory, we will be right more than wrong. So the key is trade management.

There are two types of trading, technical analysis with chart indicators, or fundamental analysis.....

DXY

EUR/USD

So based on these Signals/Overlays charts, what can we see?

EU with PAC

So anyone can tel me that EU short turned on Patrick (or us)?

Remember what I mentioned, two types of trading....

Now the chat dies

🦗

[past needle]

It did turn on me.

I got a CHoCH and then a fvg and it ended up going the other way.

[old crow]

True, we can all give fancy reasonings, but as long as you followed your rules, then thats ll you can do, right? So in theory, your rules should win more than you lose in the whole picture

[past needle]

Also, no one can time the market perfectly.

[old crow]

Everyone is forgetting something.......

[past needle]

I'm looking and I now see a lot of trades that would have worked out well with the strategy you told me about.

[old crow]

Technical analysis and fundamental analysis

Your trade was heading into NY news release.

[wanton sandal]

I would like to see a bull flag, and now we go higher.....

[past needle]

No wonder why it was so weird.

[old crow]

Everyone tends to watch the so called "High Impact" news, and forget the other news

Who labels some as "HIGH Impact"?

[past needle]

lmao

[old crow]

"High" or "Low" impact to who?

[merry spade]

hi all ,just a one more new comers !

[past needle]

They think it applies to everyone but it doesn't, only a few people maybe.

[past needle]

Welcome!

[old crow]

It maybe be "LOW Impact" to the big boys and market makers, but to us small home gamers, these LOW impact news, impact our charts......

[merry spade]

any strategy video i should check around ?

[past needle]

You can say that again.

[old crow]

So when a LOW Impact news moves the market by 30 pips, yes, that is small low movement for the big boys on Wall Street, but that same 30 pip move is HUGE and impacts us small time traders alot...

Think about it....

[past needle]

Yeah, they should think about that.

[old crow]

For me, all news release is important.....

[past needle]

I don't really look at them but I should.

[wanton sandal]

However, all in, today is a slow day so far, with low impacts.

[past needle]

Last night it was pretty fun trading EURUSD

[old crow]

@past needle What does you chart tell you on the 1H TF? What market structure direction is it on the 1H TF at the same time as your 15m short entry?

[past needle]

For which commodity?

EUR/USD?

15 min

[old crow]

We are chatting about your EU trade, right?

[past needle]

1hr

[wanton sandal]

sorry, I rend to disagree on that. I´t´s important to know, WHEN formerly declared news will hit the wire, but not what they printed.

[past needle]

Yeah, I thought you wanted to know what my chart for 1hr and 15min

So that's why I posted the pics

[proper wing]

GM Everyone. Sore threat today, might not trade or be active, but here is the ES chart with today's level: Trade safe

[past needle]

Feel better! 😄

Hydrate a lot.

[wanton sandal]

on 1H... Buyer still dominant. From time to time he is sweeping sellers, imho.

[past needle]

Whoever he is, is evil lmao

[old crow]

What you could do is also look at the direction of the internal and swing structures on the 1H as well. Im not saying I do this or correcting you, just see if this improves your strat thats all.....

and then use PAC dashbaords on both 15m and 1H for extra info for your trades

[past needle]

It says on the dashboard that TSLA is in a squeeze on the 1hr

Is that what you mean?

[old crow]

Im not sure, we are chatting about EU now.

Back you your EU short trade, what did Matrix tell you?

[past needle]

Oh, I didn't look at Matrix.

[old crow]

That short entry was at the end of the Turning Point low move. The HyperWave was already deep into oversold territory

[past needle]

I should have the Matrix up all the time I think.

I keep switching my mind on what to use.

The signals or the price action concepts.

[past needle]

That's what I'm going for, it's just hard to make up a decision.

I'm afraid it's going to repaint or something.

[old crow]

NOTHING repaints once you wait for candle close

YOU MUST wait for candle close

[past needle]

Oh. How many seconds does it take for candles to close?

[old crow]

come on man.....LOL

the candle will close on the TF of your chart

takes 15 minutes for a candle to close on a 15m TF chart

[past needle]

Oh lol

I didn't know the timeframes took that into account.

[old crow]

Im saying this to help you, so dont take it the wrong way. STOP trading real money now.

Learn the chart and how a candle is formed etc etc..then trade demo paper account...

[past needle]

Okay, I'll move into the paper account for thinkorswim.

Thanks.

[old crow]

then when you are ready, start with Signals/Overlays

[past needle]

Okay.

[old crow]

For me, I am reading bare HA bars with Matrix. Remember this HA patterns?

[past needle]

Yes.

[old crow]

Now take a look at the EU 15m

MATRIX

[past needle]

You have to time everything with the matrix.

Correct?

[old crow]

Not necessary, depends on your strat if the Matrix is your trigger or confluence

[high marsh]

For your overlay setup, you are using HA with Trend catcher , tracer? For entry, you are looking for both the overlay signals to align (bullish or bearish) and then the money flow and hyperwave in the sam direction? I am trying to come up with similar setups with different combinations for overlay signals along with matrix money flow/hyperwave. For example, the one i am looking at right now is Neo cloud + trend catcher.

[old crow]

I have 2 different templates, Signals/Overlays and PAC. For Signals/Overlay I use tracer, catcher auto trend mid, no signals

The Auto Trend and signals, doesnt really matter to me, as I am actually using HA patterns on 1H and 15m with Matrix, with tracer and catcher

[high marsh]

sorry i didn't mean buy or sell signals but both tracer and catcher turning green or red along with money flow ( red or green)

[old crow]

This is my Signals/Overlays template stripped down so you can see how I am using this

Bare HA candles, with no Lux colors

[past needle]

Micky, I think I found a good news site. Better than the TradingView news. You probably use it already: https://tradingeconomics.com/

[old crow]

and here with colors turned on

I read the HA candlestick patterns first, and use Lux colors as confluence most times

I can still read the bare HA patterns behind the Lux colors

[old crow]

I only have TV news as its on my chart template, I have no need to go on a different browser tab, away from my TV charts, just another distraction for me to be honest...

[high marsh]

Awesome. thanks for sharing, Micky the Lux Legend! 🙂

[past needle]

Okay.

[sterile cosmos]

POC's @old crow POC's!

[old crow]

Take a look at this. I didnt trade this morning as I already got my 2 wins during Asian, but theoretically, look at this, if I were to read HA patterns with Matrix. Wether of not I could have done this in real time, who knows? I cant say I can or cannot. Trading in real time is a different story, I cant lie, and just being honest. But it sure is nice that we can see the theory work out, after the fact

[sterile cosmos]

😂

[high marsh]

👍

[old crow]

We can make this simpler, Trade the lower TF in the direction of the higher TF, Just blindly take all the Trend Catcher with trend colors, then use trade management to have your losses smaller and winners bigger. This is EU since last Thursday

This is my original Lux HA template and strat I have posted in the past to help everyone get started

[pseudo crow]

Where I download this template @old crow

[old crow]

You dont, you create this on your own

[pseudo crow]

How can you do it

[old crow]

Add Signals/Overlays, then enable trend tracer, catcher, auto trend short/mid, color simple

that is it

Then you can enable other features as you like and create your own strat template

UJ was juicy

DXY dollar index

Look how DXY correlates to UJ and EU

[old crow]

POC are good, I wont dispute them......

Days like this on the EU, is why I like to have a hard 10 pip TP

[fleet tendon]

Chop day

[old crow]

Yes and no, it was ok in hind sight. But this bull move on EU still going, slowly

FX at time is boring and slowwwww, thats why some traders just move over to crypto

[proper wing]

ES updated chart:

[old crow]

If I didnt trade last night during Asian, to be honest, I would had probably one trade this morning on EU for 10 pips, and thats it

[proper wing]

@old crow Small win today, happy with my win. I hope this profit will make me feel better with my sore throat:

[fleet tendon]

I like Asian and London session. For me they respect price action, well at least when trading Gold.

[old crow]

Yeah, its enough to go buy some throat spray

[old crow]

I tend to agree, NY can be good or bad because of news releases

tough tough

Thats why I took 2 trades last night during Asian

[fleet tendon]

Simple, straight forward. Rinse repeat

[high marsh]

Can anyone recommend back testing platform to use without any coding required?

[proper wing]

@past needle congrats for becoming LUX ultimate

[past needle]

Thank you!

[old crow]

WOW, that was quick....

[past needle]

Ikr!

[old crow]

This is my personal Lux Signals/Overlays template. HA plots real H/Ls, that is why I have the daily H/L's plotted and Premium/Discount zones for a general idea of the recent swing zones....

[past needle]

Thanks!

😄

[old crow]

Looking nice

There's pure PAC and pure Signals/Overlays template strats.

But you can combine a few features from each

https://youtu.be/k_uG-0EEHZE

☝🏽

[past needle]

I think I watched that video but I'll watch it again.

[old crow]

Just try not to clutter the chart with ALL the features from both Premium Lux indicators, Just use what helps you visually to make a decision....

[past needle]

Okay. 👍

[old crow]

For now, concentrate on ONE asset only, so your not distracted. Watch this one asset, if there's no set up on the day, thats it, dont be watching and switching assets. If you watch more than one everyday, you wil be missing set-ups on the ones that you are not paying attention to. Example, if you watch EU and you took a loss, then you switched to UJ and took another trade for a loss, but while your taking a UJ loss, you just missed the huge win on EU.

[past needle]

Yeah, that is definitely a mistake I've made.

[old crow]

You can watch and trade a few assets later in the future when you get better at this, but for now, have your eyes on one...

[past needle]

It's just hard to decide on which one, but I'll figure something out.

[old crow]

Just pick one of the major pairs, dont think too much, pick one and do papertrade demo.

Your just training your brain to be discipline now. We dont care about wins or losses for now, as its paper trading account.

[past needle]

Okay, I picked the signals & overlays as my main.

[old crow]

Discipline, thats it. When you get this down, then, next step

[past needle]

Price action concepts is a bit advanced for me right now as you've seen.

[old crow]

SMC ICT PAC is different

It maybe your holy grail set-up in the future...we dont know yet, right?

[past needle]

Correct. I don't know what my setup will be in a few months or days.

[high marsh]

@old crow using you HA overlay Matrix setup

[old crow]

OH NICE, did you take that short?

[abstract wedge]

Thank you @old crow what indicator do you use to plot the H?L and premium/discount zones?

[old crow]

PAC, i just have the Prem/Disc and the daily H/L's

These will be accurate for HA

internal/swing market structures, no

as I am using HA patterns for the structure changes

[abstract wedge]

Thank you, personally, I don't take buys when the price is close to premium. But e.g for the EU and GU pairs today, the price kept going up even though it was already close to the premium zone. It gets confusing for me.

[old crow]

Correct, those prem/disc zones are just the highs/lows of the most recent swing structure and the equilb is just the 50% fib level

[high marsh]

haha, I wish it was real money! Paper trade... I want to test it a bit before i put on a real trade.

[abstract wedge]

Thank you as this has been an issue for me. So what would be an additional confluence to take a trade or stay in one despite the price being close to the premium zone. I exited my GU trade early only for it to continue going up

[finite bear]

It is better to close your trade when you are sure to as long you take some pips out of the market.

[abstract wedge]

Thank you!\

[old crow]

You can add the PAC OB's to see where price is near in relation to key levels

[latent turtle]

Quick little scalp earlier today 😮‍💨

There was a red FVG the candle before my entry but it disappeared as the day went on and the chart went printing more

[past needle]

Wait until the candle closes.

[latent turtle]

The candle did close

I don’t know if it’s a setting I have on but my charts display FVGs then after a couple minutes they disappear I assume because the chart continues to display more as time goes on and just deletes those?

Also congratulations on the Lux Ultimate @past needle

[past needle]

If that strategy doesn't work for you, just stick with the buy and sell signals.

[past needle]

Thank you!

[latent turtle]

It’s worked for me so far haven’t had any losses 🤷🏻‍♂️

The only question is…have I gotten lucky or did I perfect it 😶‍🌫️

Probably just lucky 😂😂😂😂

We trade the same sorta don’t we? Has it been working for you ?

[past needle]

It has, but nothing is perfect.

[latent turtle]

Truer words have never been spoken

[past needle]

lol

[latent turtle]

Thinking of adding in the signals and overlays for confirmations and taking out the oscillator

[past needle]

I would leave the oscillator in if I were you and just add signals.

But it's up to you.

[abstract wedge]

Thank you

[old crow]

No problem 😉

[little crag]

Hi first time user needs help: When I zoom in-out in a chart timeline, the indicators re-paint out of whack compared to the candles. Any idea how to avoid it? Thanks

[past needle]

I would contact support about that. That is not normal for it to do.

[little crag]

Ok thanks

[past needle]

#🤝support

[high marsh]

I had a similar problem. I opened it again in a new browser and it worked fine

[hexed yoke]

First day trading with lux algo I’m hooked

Do you HEAR me I’m hooked lol

[merry spade]

first day i passed it to watch video ....ill test tomorrow ....

complicate to absorb everything in one day

[merry spade]

what strategy you use ?

[young sand]

@merry spade has earned the Lux Level 1 role!

_pascalos_ 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]

This works so well, I agree.

I was obsessed too, I was looking at after the market hours.

Got in on this move on tsla 1min

[old crow]

You have alot of indicators on this chart, can you make sure you only have one Signals/Overlays? maybe you have a few with different settings

Or your scales

maybe you moved the indicator to the left scale and the price bars on on the right scale?

start a fresh new chart

[past needle]

Me?

Or Velo?

[little crag]

I think is for me, looking into it now, lol

[past needle]

Ok.

[old crow]

i just recreated your situation

you have the indicator pinned to the left scale

you need to pin it to the right scale

[old crow]

End of day EUR/USD - regular candlesticks

UJ

DXY

EU with HA candlesticks

Almost the same eb and flow with regular candlesticks.

[past needle]

Always ends up on top.

[old crow]

So during the NY morning, it was tough and a few of us here took some shorts or whatever, and chop rance or whatever we were discussing at that time....

But then at the end of the day, we sit back and look at the charts and tell us, that dang, the chart is nice and LOOKED like an easy day.

IF we traded the correct set-ups

But whey didnt we?

[past needle]

That is where the strategy comes in.

[old crow]

We got caught up in the moment?

Not patient?

We didnt look at the higher TF?

Based on the chart of EU at the end of the day, we SHOULD had only looked for longs