NZDUSD to short maybe
#💬hangout
wise zealot
Eurusd broke the range in m5, bjt still inside the h1 range. Might reach 1.19,but no clear trend at the moment
eager fossil
gold flying
e/u is looking super bullish
1.1900 is a major level for it
usd/cad is about to dump imo
upper shell
Great lux shorts on BK and DAL 5 min this morning.
gilded sleet
seems pretty clear one too me
wild palm
@eager fossil ive been shorting the crap outta usdcad
eager fossil
It’s super fucking bearish
If oil breaks its structure usdcad will continue to dump
honest creek
guys the best setting for one hour timeframe chat any suggestion
wild palm
im canadian so i watch USD/cad the most out of any pair
also helps me if it goes lower in real life lol
frozen folio
Is anyone else having problems with TOS opening?
eager fossil
oh nice bud @wild palm
eager fossil
Berrick gold stocks have risen 10%
This is after Buffett has disclosed that he bought stock in it
wild palm
hmm
honest creek
take look at gbpnzd strong sell active
gilded sleet
GBPNZD could be a nice long if it continues the trend
arctic bolt
@empty solar Hey mate I think there is some bug / issue .Sensitivity change not affective the signals on the chart , I v doen remove , readd and refresh browser everything .using candle chart with HA source .Please look into it
arctic bolt
wo havn't noticed it what is that about
empty solar
yep
arctic bolt
what is that about why it is locked ?
empty solar
Because for now we need it like that 🙂
arctic bolt
So if i want use candle chart we cant change sensivity for signal ? so force to use only HA ?
empty solar
No you can use "Use HA source"
Or just use normal candle and change the settings with that settings 🙂
arctic bolt
How come , when oyu click that it says sensitivity locked
empty solar
Because the sensitity is locked for now
arctic bolt
Le tme b clear I want to use normal candle but HA source from setting to get calcualtion same as HA as you guys suggest But once I click that HA source from setting I am forced to use default setting 4.25 only .
empty solar
Yep for now 🙂
arctic bolt
But what is the reason . so only choice to use HA
empty solar
No you can use normal candles...
arctic bolt
then ?
but without ticking that use HA source calculation will be incorrect as per you guys ?
frank geodeBOT
Heikin Ashi Candles explanation: https://luxalgo.com/apps/help-center#!hc-why-heikin-ashi-1
arctic bolt
Ya I know how it works .ok tell me when ticked sensitivity locked what is default number for sensivity (2.5 -7.5)
@empty solar ?
empty solar
You want to know the sensitity it's locked to?
arctic bolt
yes pleas e
as it bit surprise for me and i was using normal candle with HA sourse
with different setting than default
balmy spear
I’m new. So what’s the word with the BOT call outs? Out of the thousands of call outs ( if you looked at different charts in using lux algo) why just these select few? Are they the most likely to succeed?
hidden moss
Would you be interested in programming custom alerts for me i would pay you @empty solar
empty solar
@arctic bolt Will work that out for you in a little 🙂
arctic bolt
@arctic bolt Will work that out for you in a little 🙂
@empty solar sorry mate I didn't get that 🙂
empty solar
@balmy spear They are more "hey take a look at this asset see what you think"
wise zealot
For anyone trading DAX in 5 minutes, for maximum accuracy, put sensitivity to 7.45 and smoothing to 50
way lesser signals, but seems to catch big moves
and to watch price action, don't enter immediately
ancient widget
your phone battery percentage is stressing me out 😆
severe robin
I don't like tradingview ... Is there any way to set this up on our actual MT4 platform?
empty solar
Not currently
TradingView is the biggest charting platform
Yeah TradingView is the best for charting ❤️
severe robin
LOL ... I just don't understand it ... it must be just me
empty solar
DMs closed I'm afraid but you can email support@luxalgo.com
And tell them to forward it to me?
should be fast
hidden moss
Lol
Just want a programmer that is good at programming alerts
For an indicator
You guys already have the api set for lux algo and are versed in the knowledge
would be easy to do it for a simple indicator
empty solar
Yep of course
hidden moss
Like rsi or something
hidden moss
Keltner channels with my settings
empty solar
ahhh so you want that added to lux for you?
hidden moss
Stand alone
empty solar
ohhh gotcha
hidden moss
Just keltner alert
empty solar
What's the condition?
hidden moss
But it works well with lux oscilator
Just touches top or bottom channel
Or within 1 bar
On 1 min 3 min 5min 15
Ect
empty solar
Ok absolutely can do that for you - could you send the request to development@luxalgo.com
And i'll email you there to get a specification of what you want exactly
hidden moss
BTC RUN
empty solar
Like a clear set of things you want
hidden moss
Awesome
What should i use to exchabge to USDT
Binance?
Binance or bitmex
If youre usa bitmex is requiring kys next week
last socket
Crypto is not stopping#
thin trail
fireee
still holding LTC from 53 and some small alts
think im gonna hold for a couple weeks or maybe longer, we'll see how everything looks at higher timeframe resistance
wild palm
@eager fossil the 4hr USDCAD just signalled
@thin trail im def holding my crypto longer
how is HT looking?
coarse bay
@gilded sleet hi brother, can you share the sitting you have for lux as they look so
molten moth
Zm stock on fire
wild palm
😛 yum
thin trail
all about those perspectives on high timeframes :))
wild palm
absolutely massive ascending triangel
thin trail
opportunites like this are very rare
wild palm
that resistance from the weekend has sold me on it i think
gonna move some collateral over 😒
sorry, support* not resistance
gilded sleet
@coarse bay 6 2 20
viral brook
empty solar
He's a scalper
desert lagoon
figured
empty solar
And hopefully he's not following signals blindly 😅
hearty kernel
kindred chasm
Wonder if a fomo sell wave will start here or the opposite
kindred chasm
I hate that feeling when you keep your hands off the short button all day then dump comes 😂 I was going to short link 500 different times today but gave it the benefit of the doubt.
wild palm
hahaha been there
i might just stop trading with leverage, i can't sleep without stops and these wicks are ridiculous
for crypto that is
thin trail
i barely trade w/ leverage
most of the money i make in crypto is medium term positional trades
marble badger
i like trading with leverage its nice having some heart palpitations once in a while
kindred chasm
I mostly trade with leverage 👀
kindred chasm
Leverage trading =
thin trail
^ the most accurate thing ive ver seen
ahahahahaha
that is literally
the reason i stopped scalping & using leverage mainly
mental health
wild palm
yeeeeeesh
the last week really has made me hate it lol
I think its also a psychological thing, it allows me to trade with amounts i haven't really "earned" or "deserve", maybe makes me too confident who knows
vagrant meadow
What bugs me about it is days like today where you waste all session watching your candles do a whole lot of nothing. Seems like a waste. Makes me wanna be a swing trader so I don’t have to constantly watch lol
meager remnant
Thank you @thin trail Im in
thin trail
welcome!
agile cliff
Hey guys
Does anyone know a provider for discord options flow
I see many discord that have options flow if anyone knows anyone please message me thanks
thin trail
Have been scouting around for that myself as well @agile cliff 😉
wispy frigate
do you guys know if theres a way to view the slope value of the trend line built into lux?
thin trail
no functionality to view that as of now @wispy frigate
misty fox
how can i update in newer version which showing all voloume
in trading view i go to setting but my version is old one not updates
patent tide
What bugs me about it is days like today where you waste all session watching your candles do a whole lot of nothing. Seems like a waste. Makes me wanna be a swing trader so I don’t have to constantly watch lol
@vagrant meadow 100% lol. last couple weeks have been bearable but today was crazy slow. i brought it up before because spy had me 😴
rancid moat
what’s the best setting for BTCUSD? anyone? and which time frame?
thin trail
honest creek
guys i cant set alert for my trading view any one can help me to do it
sinful adder
hidden moss
AUD/CAD 🤔
@magic bay Personally, long
honest creek
guys can i set alert for buy signals and sell signals or stronge buy and strong sell
honest creek
can you guide me please
fiery mason
Hey guys is XAUUSD the most profitable to scalp?
honest creek
@magic bay i get it now i have to select lux algo for alerts right......?
magic bay
Yes @honest creek
gilded sleet
USDJPY to change in trend any time soon?
somber quarry
Hi Am new to Lux Algo , Can somebody suggest what's the best sensitivity for intraday mainly on 5 min chart
empty solar
Asking for best settings is tough because bit depends on the asset and your style
It's like asking for the best moving average
soft locust
It’s been awhile I miss you all lol
empty solar
Welcome back 😎
neon cedar
Hello all, im new to algo and wanted signals for more confirmation on buys and sells. I thought scalping was cool for me but i find myself better with the daily timeframe. Less stress and more accurate moves in my opinion.
solemn jackal
Agree @neon cedar , Same here but I have another account when I get an itchy finger!
meager remnant
GBP/USD trade from last night still grinding higher, tightening the stop on it
neon cedar
Exactly @solemn jackal , i have opened about 2 additional accounts within the last month for leverage purposes.
soft locust
Ty lux
neon cedar
That eurusd signal lookin pretty good.
solemn jackal
Any futures traders here?
meager remnant
not yet @solemn jackal , been trading for 15 years and still havent dabbled in it
solemn jackal
@meager remnant What do you prefer?
meager remnant
Stock Common and Options and also do Forex
solemn jackal
Nice @meager remnant Almost the same stocks, Option Seller and futures...commodities are similar to Stocks so..
meager remnant
yeah, I am going to start Futures this year, been getting new strategy down, make sure my discipline is there
long kettle
I knew I should have hung on to TOPS. 4000 shares. 😢
tawny lagoon
can u add live bot scanner for es ym nq in future please ?
wise zealot
Any futures traders here?
@solemn jackal dax futures here
marble badger
SXP just pumped
acoustic lion
Any futures traders here?
@solemn jackal i trade SI, ES, NG, and CL
marble badger
lets goo
meager remnant
noticed you adjusted the settings from "most effective", assuming thats works well with BTC/USD on that time frame for you? @empty solar
empty solar
was just looking for some nice 5m settings
But I prefer using trendlines, coloring and dash
meager remnant
its funny because on my SPY chart settings for 1 min, I believe at one point I was using 4.45 and 1.96
ended up with 4.05, 1.96, 20
throw the VWAP line on there with the EQ bands, pretty nice
empty solar
Sounds like a nice mix 😄
meager remnant
not too bad, still gonna play a little. I use trend lines too but I usually just have a visual feel, then draw one on there if i see its getting ready to break, etc
empty solar
When I used to trade trendlines were my absolute fave
uneven spear
is TOS stuck?
meager remnant
they have been having problems the last 2 days
meager remnant
I got in premarket but as soon as markets opened, I couldnt open a chart
uneven spear
I am not even able to go to credential screen
the moment i start the app, it shows installing update screen
hidden moss
My ToS is still down. Still "updating." 2 days in a row on that. Seriously, thinking about leaving them for WeBull.
hidden moss
Me too.
supple galleon
what is the “use HA source”? do i turn this on or off when using HA candles?
frank geodeBOT
Heikin Ashi Candles explanation: https://luxalgo.com/apps/help-center#!hc-why-heikin-ashi-1
empty solar
gilded sleet
ayo anyone here?
rancid moat
can I have the HA Signals somehow on the candles chart? not sure if that’s possible, anyone knows, if it is?
rancid moat
hmmm strange, so basically on the candle chart, I wanna use HA Signals, cuz the Signals are different with the settings between Candle & HA.
and it gives different results
magic bay
NAS let's see...
empty solar
Yeah you'll never get identical signals
But using HA source gives a close one
We are working on getting them identical
rancid moat
okay okay thanks a lot
magic bay
CRUDE
versed oasis
What are the forex signals in the forex channel based on? Is it based on any random buy sell signal or what? Just wondering
versed oasis
It only follows certain ones?
empty solar
All 🙂
honest creek
@empty solar i have been trading lux algo all the day and i can say that this can change your life if you had a lot of losses in the market but it needs just patience and trading with mind set like robot as you said and you will get 95% winning trades i love lux algo and be with you for the rest of my life🥰
honest creek
@empty solar how about 10% for their first month a code for me to give them
honest creek
like LUX10
empty solar
?
vestal imp
When using Lux do I use the time-frame in settings in Lux or the actual Tradeview time frame?
Don't know if it makes a difference or if it does can someone get at me lol
thin trail
use in TradingView
the setting in Lux is for using our multi-timeframe capabilities
for example, could be useful if your on the 1H timeframe and want to view what the general signals are on the 4H on the same timeframe (writing an article on this currently to help explain better) but generally it's just for more confluence / optimization
vestal imp
Ok thank you @thin trail
wise zealot
@lavish birch buddy amazing profit. Which markets?
rose agate
I never received my code
thin trail
@rose agate - if it’s relating to an order, please email support@luxalgo.com
native abyss
I just have a basic question. Just want to see how different ppl use lux. Do you guys buy n sell off the signals or do you place trades even with out getting a buy n sell signal?
thin trail
Some just use candle coloring (personally i don’t use the signals much) as candle coloring is the same thing - and use it as directional bias / extra confirmation
see #🗯twitter - a trade i recently took actually
mainly used our Equalizer Band, followed my rules of waiting for a clean hold above for a long position, strong buy active, worked super well
arctic coral
You use your own analysis/strategy. Lux is just for (me personally) an extra confirmation tool to execute the trade. @native abyss
thin trail
💯 ^^
native abyss
Okay Cool. I stick with my btmm strategy. But honestly I got lux yesterday and followed it blindly just to get a feel and almost every trade worked out. Went into profit instantly. There was 1 that took maybe like 30 mins to get into profit.
@thin trail if I were to use it as directional bias. If I were to get a buy/sell signal on the daily or 2hr I should be lookin for patterns on the lower timeframes?
vagrant meadow
I enter on strong alerts on a M5 timeframe using M15 & H1 for trend. @native abyss
native abyss
@vagrant meadow have u adjusted the algo? Like the sensitivity n all?
vagrant meadow
5-2-20
arctic coral
Yeah I’ve been using it for a week now and did exactly what you did but unfortunately, my trades didn’t go as well. Once I started using my own strategy with Lux. I’ve been winning about 20-2 trades this week.
vagrant meadow
Works well with US stock options in my experience
thin trail
yea it's really up to you how you use it @native abyss but that's a pretty good strategy i'd say
I personally enjoy trading very high timeframes like 1D, 3D, 1W even
So it really depends on your trading style, but we designed the system so you can optimize it for really anything
cerulean haven
Why Forex market scanner hasn't sent any alerts? Only 1 alert was triggered at 07 am AEST.
thin trail
signals are probably just working out
thin trail
we're looking into adding lower timeframes
it's current the 2H, 4H, 1D, and 1W timeframes on each ticker
native abyss
Thank you all for the feedback I appreciate it
thin trail
no problem!
hot oak
How to set alert?
thin trail
!alerts
frank geodeBOT
How to set up alerts in TradingView: https://luxalgo.com/apps/help-center#!hc-how-do-i-set-up-alerts-on-tradingview-1
thin trail
our help center is down right now so the link might not work, try refreshing though
actually got it working on my end, for reference this is how to setup alerts guide
hot oak
Thanks is it possible to apply to all stock in watchlist at once ?
frank geodeBOT
Everything you need to know about our Automated Market Scanners in Discord: https://luxalgo.com/apps/help-center#!hc-automated-market-scanners
thin trail
!list
frank geodeBOT
The following is the list of assets our Discord Market Scanners cover.
Timeframes include: 2H, 4H, 1D, 1W on each asset with standard Lux Algo V2.6 settings & HA Candles. (no toggles enabled).
STOCKS:
FB, AMZN, AAPL, NFLX, GOOGL, TSLA, BA, DAL, AAL, LUV, UAL, ROKU, AMD, NVDA, CMG, SHOP, RCL, CCL, NCLH, SQ, ZM, MA, V, SPCE, SNAP, MSFT, BABA
FOREX:
GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD,
USD/CAD, NZD/USD GBP/CAD, GBP/JPY, GBP/CHF,
EUR/GBP, EUR/JPY, EUR/AUD, AUD/CAD, AUD/JPY, AUD/CHF
CRYPTO:
BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, BNB/USD, EOS/USD, XTZ/USD, LINK/USD
INDEX:
SPX, DJI, IXIC, E100, CAC40, DAX
COMMODITIES:
XAUUSD, XAGUSD, XPTUSD, USOIL, SUGARUSD, ZR1!, ZW1!
hot oak
This are not thousands 🙂
hidden moss
@hot oak u will have to multiply by 4 as they set these alerts in 4 time frames
rancid moat
Lux Control is one of the best things ever. Can’t wait for it to be on the Lux Dashboard Lite.
hidden moss
whats lux control
rancid moat
it’s a part of their Dashboard and gives us an indication of who’s side is stronger bulls or bears.
just like in sports, which team controls the ball. team A or team B.
very useful
rancid moat
indeed it is
hot oak
But it’s some times confusing . Lux control says that bear is in its favor while trend say bullish
Check tsla
hidden moss
isnt dashboard already out?
in v2.7
anyone a big time forex trader?
would like some advise on which pair to start trading on first
thin trail
yeah it’s out @hidden moss - we have a separate version in a separate indicator too which people want full features on
thin trail
nah current one is within Lux v2.7
kinda confusing i know haha
but there’s just a separate one we had as a backup (lite) that some people actually like having separately
hidden moss
is it up yet tho?
anyone a big time forex trader?
would like some advise on which pair to start trading on first
would appreciate any input 😛
native abyss
EU,GU,UChf,UJ,AU,Ucad,NU. @hidden moss these are what most ppl I’ve seen start with when they first get into trading.
hidden moss
thanks 😄
hidden moss
Fill or Kill
VS
Immediate or Cancel
Whats the difference?
Nvm i think i got it
FOK is if any is failed, all cancelled```Pls Correct me if i am wrong :)
magic bay
Morning All
magic bay
OPEC+ today... should make OIL decide what it's doing!
wispy frigate
what are some normal+short ETFs you guys know about? I know the QQQ and SQQQ pairing but I don't know any others
magic bay
USDCHF Long
hidden moss
is it just me or the webhook signals (scanner) are kinda delayed
hidden moss
ight cool
empty solar
!visible
frank geodeBOT
Our Discord market scanner alerts all use the following:
- Heikin Ashi Candles
- Default Lux Algo (V2.6 inputs & no toggle options enabled)
- Normal trading hours (no extended hours)
- Main exchanges / brokers such as NASDAQ / TVC / OANDA / COINBASE / BINANCE
TradingView alerts are set per your exact settings, timeframe, and enabled toggle options at the time you set the alert.
Adding the Equalizer band makes it require more confirmation to register a signal as "Strong".
rancid moat
yo anyone knows what’s up with US30? it’s hardly moving.
wise zealot
industrials are slower these time
look at dax, which are almost equal to dow
nasdaq and sp500 are flying
flint narwhal
How to send those alerts to WEBULL or Robinhood or any broker for automated trading ?
rancid moat
@wise zealot how come though? what’s holding them back to act like usual?
wise zealot
Well, the industry is still suffering major hits from Corona
Sp500 and nasdaq they have wider fields
Tech got very strong during pandemic
And banks, health and else, also
That's why they are moving better than dow and dax
wise zealot
👍
empty solar
Very nice 😄
scarlet salmon
this is maybe kind of a noobish strategy, but i've been scalping TSLA options for quick $200-$500 gains because literally a 0.5% move will give you that much, and im always selling like 1-2 candles after LUX gives me a strong signal on the 5min
scarlet salmon
😅
eager fossil
has anyone got any technical analysis books that they recommend
empty solar
!visible
frank geodeBOT
Our Discord market scanner alerts all use the following:
- Heikin Ashi Candles
- Default Lux Algo (V2.6 inputs & no toggle options enabled)
- Normal trading hours (no extended hours)
- Main exchanges / brokers such as NASDAQ / TVC / OANDA / COINBASE / BINANCE
TradingView alerts are set per your exact settings, timeframe, and enabled toggle options at the time you set the alert.
Adding the Equalizer band makes it require more confirmation to register a signal as "Strong".
coarse bay
Usd is going crazy
native abyss
@scarlet salmon u have alerts set for the buy/sell signals on that timeframe?
scarlet salmon
yeah only on TSLA
because its so volatile
you can set a sell limit to $100-$200 higher/lower and its almost guaranteed to hit
after a strong signal
TSLA options are like the most volatile thing ever. more than crypto more than penny stocks lol
native abyss
Cool. Good to know! Thank you
hidden moss
Hallo. I need a Support or Admin please
empty solar
hello
rancid moat
just wondering would Lux work with the Renko chart?
thin trail
i’ve tried it out, i don’t think it really applies with Renko
but maybe, haven’t done much testing honestly
true jasper
That'd take a lot of tweaking
Lux (I think) measures a lot of things including timeframes and # of candles
honest creek
I made 150pips just today waaw🤑🤑 lux algo is the best thing happened to me i am really happy and 100% confidence of all my trades love you🥰🥰
warped nova
I'm surprised the latest set of purple candles didn't signal a sell
empty solar
It definately should have
Try reloading the chart
Sometimes tradingview acts funky
empty solar
Yeah very very very rarely this occurs
warped nova
okay
native abyss
@empty solar how should I be using the equalizer bands?
empty solar
!resources
frank geodeBOT
Link to our Help Center, many common questions can be answered here: https://luxalgo.com/apps/help-center
empty solar
In here 🙂
native abyss
👍🏾
hidden moss
Hello folks!
empty solar
Welcome 😄
hidden moss
Wew I gotta do some hw here. So many rooms and resources! Btw, what type of stocks you guys get involved with? I saw blue chips mainly, but do you guys do pennies?
empty solar
Not too sure how many do pennies here
And yeah quite a lot to learn hahaha
But it wont take long
hidden moss
As a simple overview, what’s the difference between strong and buy signals?
empty solar
!terminology
frank geodeBOT
Lux Algo V2 Signal Terminology: https://luxalgo.com/apps/help-center#!hc-signal-terminology-1
empty solar
The website does the best explination
hidden moss
Thanks
eager fossil
@gilded sleet you had any more luck recently?
warped nova
Took a trade on SQ and MSFT for wins
my spy trade not so much
strong buy signal didn't work out
wiped out the wins
but it was my fault
I didn't wait for the next candle to break the high on the signal candle
warped nova
with this market it's catching a boomerang not a knife
usually bounces back with the big V
so far though I'm liking Lux
scarlet salmon
any big moves is a good market. big move = opportunity. the worst market is actually the sideways one
even then you could do covered calls or iron condor but sideways markets still suck
native abyss
Yo @empty solar when u set alerts on tradingview i can set it for a timeframe of my choosing?
thin trail
Yep you can set it per the timeframe @native abyss
whichever timeframe you're on is how the alert will be set
thin trail
np
supple galleon
i have a question for somebody who trades options. i haven’t been seeing the results i had hoped for so far with this. i’m more of a day trader and sometimes a scalper, so how do you good the solid entries and exits with this? if i were to be on the 15min time frame, would i switch to maybe the 5min time frame to find an earlier signal and entry, and then switch back to 15 to watch the trend? and then how would i go about selling right as the reversal starts? thanks!
frank geodeBOT
To learn more about Entries & Risk Management with Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-entries-risk-management
scarlet salmon
i have a question for somebody who trades options. i haven’t been seeing the results i had hoped for so far with this. i’m more of a day trader and sometimes a scalper, so how do you good the solid entries and exits with this? if i were to be on the 15min time frame, would i switch to maybe the 5min time frame to find an earlier signal and entry, and then switch back to 15 to watch the trend? and then how would i go about selling right as the reversal starts? thanks!
@supple galleon this is not a perfect strategy, but im going by the green / red outlines as signals of a potential reversal and signs that maybe i should be getting out of my options position
for options, we dont have time to wait for a signal
for me, i generally get out as soon as i see a potential reversal
supple galleon
@scarlet salmon how has that been working out for you?
and what timeframe(s) have you been relying on to see a potential reversal?
scarlet salmon
honestly, not that great cause often times when it gets that red/green outline that candle often eats up all the profit of my previous candles
i normally play the strong signal on the 15min
and then go to the 5min to see any reversals
on the 5 min if i see any consecutive candles in opposite direction
but im open to a better strategy
cause on trading view you cant see options chains charts
supple galleon
could the oscillator potentially help to mitigate that?
scarlet salmon
on thinkorswim it would be better cause theres the options charts
but then u need TV and TOS open at same time
yeah but sometimes the oscillator comes too late too
it'll help you get out a little bit sooner than a sell signal
but sometimes its too late
supple galleon
yeah exactly
i feel like HA candles also make it more difficult too because it could show it still being in a trend when really it’s already reversed
scarlet salmon
i think Lux is good for stocks, for options its a little more complex
supple galleon
yeah i agree
because options you need good entries and exits and if you don’t then all your profits can go away
scarlet salmon
and theres no options charts on TV...
unless theres a good option price calculator
supple galleon
for real
it’s tough going back and forth because sometimes they can be off from each other
scarlet salmon
and also... options are weird. for example today I lost $70 from a call even though the underlying stock was UP
it happens sometimes
doesnt make sense but yeah
i dunno to be honest its very hit and miss using the stock signals for options
i havent been making much using that
last few weeks all of my profits came from scalping TSLA
i would get in on a strong signal on the 5 min chart, then place a sell limit 0.03-0.05% higher/lower
pretty much always hits
and since TSLA options are expensive af, thats a few hundred bucks each time
i've been losing with pretty much every other option but TSLA has saved my bacon every time because of how insanely volatile it is
for example this was today
it is almost guaranteed that there is at least a 0.05% movement after a strong signal on the 5min chart
this 0.05% movement is a couple hundred bucks in options
supple galleon
yeah i’ve just been having trouble with getting in at the right time but moreso when to get out, cause like i said HA doesn’t really help in those quick reversals :/
i wish i could afford TSLA 😅
ornate olive
What is the best chart time for daytrade and scalp 5min 10min?
thin trail
generally 5-15 mins for scalps
upbeat verge
@supple galleon @scarlet salmon how much knowledge do you have in trading, particularly in options?
You know you can’t just rely on the Signals right?
You have to verify with technical analysis that it’s the right move
For example, MACD, RSI, Etc
@ornate olive 1 minute chart to see immediate price action, 5 minutes to follow, and 15 minutes to confirm.
supple galleon
@upbeat verge i have a couple months experience, still pretty new. been studying basically every day. i use the StochasticFull and MACD alongside, as well as VWAP for S/R
ornate olive
@thin trail that if I see strong buying in 5 or 15 min that mean good for scalp?
empty solar
@supple galleon remember you can use normal candles. Also people always focus on the signals when you don't need to use them at all, especially for reversal stuff
For that stuff trendlines and support are mega useful
scarlet salmon
You have to verify with technical analysis that it’s the right move
@upbeat verge Yes. I'm trying to get better at this. MACD, RSI, VWMA
I also use the Oscillator...
hidden moss
Does anyone trade indices
Soudns like it isnt a big thing
Most does stocks forex and crypto, a couple commodities
Just curious
plucky garnet
Hi all, just joined
empty solar
Welcome 😎
plucky garnet
thanks, just working through the process
oak vine
Hi all has anyone used this for binary options? Im having a play around today, ill let you guys know how it goes. I use it normally for forex (ofcourse), but i want to have a little play as I use to do well with binary options 😄
gilded sleet
@deft cypress Tradertocks has a great scalping vid on his YT which i follow
deft cypress
cool
upbeat verge
@scarlet salmon @supple galleon lmk if you need help. I run a big stock trading group.
balmy spear
when using trading view, EXT hours trading should be off while using LUX, correct?
vagrant meadow
@balmy spear that is what they recommend, yes
fathom wing
Question, so still a noobie here and trying to not wipe out my account....lol Just to check, once a signal is printed and the candle closes, the better entry would be at the wick of the long/short accordingly versus entering before it closes right?
just took a loss because I entered when it printed vs closed and im kicking myself hard right now 😦
thin trail
!risk
frank geodeBOT
To learn more about Entries & Risk Management with Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-entries-risk-management
thin trail
You could follow this strategy, or maybe wait for a clean hold above the equalizer band, or you could just take them right away but as you can see why we usually don’t recommend
hidden moss
anyone here have some XLM? I'll trade you some BTC for some. Only need a very small amount.
thin trail
You can buy XLM with BTC on Coinbase, Binance, and basically every other major crypto exchange @hidden moss
last socket
Whats better choice for short term profit link or eth?
floral path
can anyone recommend a e course on trading with leverage free or cheap
Whats better choice for short term profit link or eth?
@last socket i killed it on link bull a few days ago
last socket
I missed that surge i saw it and was like 😳😳😳
You think link will go thru that again?
@floral path
floral path
it goes up and down everyday
thin trail
it shall go vertical soon
wild palm
glad i bought more hehehe
warped nova
Four trades using the algo today. 3 wins 1 loss
the 1 loss was really big and wiped out the gains and then some
After two days of using the Algo. It is 5 wins 2 losses with the losses exceeding the gains so account is currently negative
empty solar
Looks like you need your risk management a bitter better
Negative with 5 wins 2 losses aint good
Yeah that's like a 70% win rate with a loss...
scarlet salmon
yeah, sounds like with the losses you didn't put a proper stop limit
warped nova
My stop loss was when the next signal appeared
by then price had moved a good bit
so if it was short I closed the position when a buy candle appeared
I think I will adjust to the stop being the high or low of the signal candle
thin trail
!update
frank geodeBOT
To update Lux Algo V2, refresh your browser / screen and remove it, add it back to your chart, and save your chart layout on TradingView.
If this didn't work, refresh your browser / TradingView mobile app and then remove/re-add Lux Algo V2 back to your chart and save your chart layout.
Watch walkthrough here: https://www.youtube.com/watch?v=RWphLlHuz4s&t=57s
thin trail
@restive dust it will say V2 when selecting from Invite-Only scripts, however it’s V2.7 on your chart
restive dust
Thanks. Just did it
wraith relic
@hidden moss I've got a couple long term investments with Trading 212. Seems alright for that. (but I'd open the account with USD currency if your aiming to invest in US companies as the change in exchange rate I found annoying)
wise zealot
@cyan musk do you combine h4 and m15, or you just use any of them?
cyan musk
Combine I use M15 for good entries and sometimes just quick scalp
H4 is when I’m busy and only Abel to look at market once a day
But pretty much I use 1x ATR for tp and 2X atr for sl
With H4
wise zealot
thanks
wise zealot
I'm doing some analysis right now, combining signals from lux algo with macd in a bigger timeframe, seems to have good results
for dax m5, only to take signals matching macd in m30
eurusd seems to follow same behaviour
of course signals in the opposite way seems to not work all the time
pearl zodiac
@supple galleon if you’re scalping I would watch the 5m 15m I would not look at the 1m that will cause most people to stress out panic and sell positions due to so much going on the chart
If your going heavy on a Scalp with a fast in and out like Amazon I would look at the 1m
noble solstice
lucid scarab
@pearl zodiac i saw ur advice to trade on 5m and 15m and finding a little more success on 5 min, not really stressed out that much
wicked ember
What is your SAS (Sensitivity, Agility, Smoothing) settings recommendation for a 5-min time frame?
glad cape
Anyone recommend any brokers which are good for long term investing 5+ years
@hidden moss i use Saxo Bank its great for long term investments and you can trade forex and other major markets. All but crypto
pearl zodiac
Is the Bot down @thin trail
long kettle
Apple going to hit $500 before the split?
lucid scarab
@wicked ember add me
pearl zodiac
Is the split this weekend?
uncut ermine
@pearl zodiac what broker do you trade options with?
pearl zodiac
Webull
uncut ermine
Thx
scarlet salmon
Is the split this weekend?
@pearl zodiac no its at the end of the month.
im fairly certain that apple will go over $500 next week so i got my calls ready
oak vine
Hey guys, question Monday to Thursday this honestly kills the forex market. I need to do a review. My question, Fridays are meh for me, the signals are mixed, for forex. Would this be because the market is setting up for the new week? The "market makers" making the moves ready for next week. Just curious what others think 🙂
thin trail
Likely market is consolidating which can be identified through Lux Volatility on dashboard or within a separate indicator, there's always different market conditions but we designed it so you can identify when signals have the highest probability of playing out well
empty solar
Yeah Friday is infamous for being a hard trading day
I think some people actually avoid it all together
twilit timber
i want some advice
I don't have much capital
just a poor college student
I have a contract in ACAD that expires in January
hoping it would rebound
but it hasn't yet
just gone down
should i sell now and take the loss
and start clawing my way back to the green?
I bought it before I had lux
I am about 25% down
debating whether I should take the big loss now or wait
runic bloom
When scalping options do you buy at the money, in the money or out of the money?
twilit timber
out of the money lol
I don't have the money to exercsie the contract
it isn't much money, Im just throwing some money into the market to see what I can do.
not day trading
west sundial
Next split is $AMZN
$3300 call for November for 73.7 million dollars. That’s huge. 🤔. Forward split in the horizon
twilit timber
any suggestions
gritty nymph
Oh ok..
I thought they were not getting posted due to my error.. didn’t know u were deleting them
empty solar
Yep was deleteing them
lucid scarab
@vagrant meadow i sent you friend request coz i got some questions to ask
empty solar
The guy gets so many DMs hahahah
lucid scarab
fr🤦♂️
i was going to ask him what settings he uses for his 15min and 4 hr chart then tweak it to my liking
vagrant meadow
@empty solar you already know 😅 it’s ok though. I took a break from posting to slow down but I’ll be back at it Monday for y’all 😎
vagrant meadow
👋
lucid scarab
👋🏽
vagrant meadow
@twilit timber I’m looking at $ACAD on the 1D chart. It’s found support at this level on 4/2, 4/1, 2/28, 2/27, last week of Jan & got very close to it at the beginning of Jan. .. at a quick glance I’d say that if it consolidates and proceeds lower it could touch its March lows at $30.02. It’s still on the Strong Sell phase too which is a bummer
The higher low on the histogram gives me home for some sort of buying pressure
As well as the SMI. It’s also made a higher low & has just crossed bullishly from the oversold area.
lucid scarab
Honestly I can relate only having a small amount of money to trade with. I am starting with $150 and now im at $144
patent tide
carmillie is awesome i hate bothering him all the time lol
have a great weekend everybody
twilit timber
@vagrant meadow so you're suggesting i get out?
scarlet salmon
is anyone doing aapl and tsla options next week right before the split?
is that a good strategy?
holding overnight hoping that it will increase in value more before the split (but apple and tsla already went up so much this week)
at the same time i dont think anyone is gonna sell right? they want their extra shares
and the split is actually attracting some non investors as well like my friend who never invested they are interested now because of the split
vagrant meadow
@twilit timber I don’t want to formally recommend anything. I will say that if I was in the position I’d either sell now to recover what I’ve got OR depending on how badly you need the cash I’d hold to see what this next bounce gets me back.
twilit timber
so you think it'll bounce back
I bought it around 41
the call is for $45
I don't need the cash per se
willing to take the risk
vagrant meadow
January is a long time. So if I were in your shoes I’d hold while the indicators support the bounce.
twilit timber
thanks mate
west sundial
$W 
wicked ember
Hi. Is there a scan in TradingView to search for stocks with different lux algo signals? Buy, Sell and Strongs!
thin trail
not currently!
dapper hawk
hi
median hazel
do we have auto trading in lux algo?
thin trail
!auto
frank geodeBOT
Will it trade for me automatically? https://luxalgo.com/apps/help-center#!hc-will-it-trade-for-me-automatically
frank geodeBOT
Quick link to our User setup guide: https://luxalgo.com/apps/help-center#!hc-user-setup-guide
storm bobcat
Anyone in the US using a crypto exchange with leverage? Seems most blacklist US IPs... ya'll using VPN or something?
thin trail
NordVPN & FTX or Binance
storm bobcat
@thin trail I already have a Binance. Can I just hop on a VPN and be good to open a margin wallet in my current account?
(without a vpn, it refuses me because my IP is from the US)
thin trail
yep thatd work @storm bobcat
sleek hedge
I have been using lux for stocks and it works great. How can I use it for forex?
empty solar
weak notch
Does anyone truly ever use 1min chart
upbeat verge
I do
weak notch
What do you trade though
upbeat verge
Stonks
weak notch
Small cap?
weak notch
Bet
upbeat verge
Chea
empty solar
!settings
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
empty solar
It's like asking for the best moving average
No such thing
And depends on the asset
Timeframes
Style
midnight crescent
gecko, 5-15 min scalping indices
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
midnight crescent
@sour sage was that to me or sherif (to increase)
wide tangle
okay but i wonder about can i handle wrong strong signals
frank geodeBOT
To learn more about Entries & Risk Management with Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-entries-risk-management
wide tangle
great
i`ll read
increases/decreases the significance of more recent data so the newer candles will have more impact on the signals than older candles. Best to adjust once Sensitivity & Agility are optimized.
burnt nexus
Increase your sensitivity if the timeframe is samll for me i prefer "6" on charts 15-30 min
wide tangle
what it means Best to adjust once Sensitivity & Agility are optimized
if it means i must follow the order
first sensitivity then i adjust aglitiy
empty solar
It's means change once you've changed sens and agility first
tall wave
What settings have you used for daily time frame?
empty solar
Again it depends on your trading style
And the asset
Copying settings from one user may not help another user
They are very personal
wide tangle
i have another question about candel`s colors
empty solar
!terminology
frank geodeBOT
Lux Algo V2 Signal Terminology: https://luxalgo.com/apps/help-center#!hc-signal-terminology-1
empty solar
@wide tangle see resources, most answers are on the site
wide tangle
there are more than green and red
empty solar
Have a read through it all and you'll be a pro 😎
vagrant meadow
@tall wave tbh default settings on stocks is stellar. One thing I’m toying with is lowering the settings to get more signals since the candles take so long to form.
upbeat verge
5-2-20 is what I use if I remember correctly
midnight crescent
@upbeat verge yea but are you a scalper or day trader
upbeat verge
Both
midnight crescent
scalp on the 5 min or 1hr indice?
vagrant meadow
@wide tangle green is strong buy. Red is strong sell. Purple candles activate when opposing pressure is coming in, Grey candles are indecision & orange candles mean not enough data
vagrant meadow
@tall wave I use 5-2-20 also for day trading.
wide tangle
@wide tangle green is strong buy. Red is strong sell. Purple candles activate when opposing pressure is coming in, Grey candles are indecision & orange candles mean not enough data
@vagrant meadow Thanks a lot
vagrant meadow
Anytime. 🥳
upbeat verge
I haven’t seen an orange candle yet lol
empty solar
Yeeee you won't really
upbeat verge
Yeet
empty solar
Unless it's a brand new asset
vagrant meadow
Yeah they’re rare. Lol. If you get a brand new stock then try to look them up on a daily or weekly timeframe you’ll see them
dense heath
Im kinda new with forex but, wich currencies is good to trade atm
upbeat verge
Eur
midnight crescent
dense heath
Ty i will look at it
midnight crescent
theres market times
midnight crescent
lol
wide tangle
but it`s great
i see a green candle surounded by red frame
what does it mean
I can`t see it in resource
upbeat verge
That means it’s still bullish but heading in a downward trend. Think of it as a slight dip
But if it senses a true reversal it will turn into purple for collecting profits, then grey, and confirm with red.
wide tangle
Signal Tags:
“Strong” (Green) = Strong Buy, high likelihood of bullish trend intact, look to get into a long position.
“Strong” (Red) = Strong Sell, high likelihood of bearish trend intact, look to get into a short position.
"Buy" = Possible trend reversal but not 100% confirmed until a Strong Buy. Take profit on short positions and wait for another strong signal to trigger. (Purple candles active)
"Sell" = Possible trend reversal but not confirmed until a Strong Sell. Take profit on long positions and wait for another strong signal to trigger. (Purple candles active).
Candle Coloring:
Green candles = Strong buy active.
Red candles = Strong sell active.
Purple candles = Take profit, wait for the next signal to trigger, or exercise caution in your current position.
Gray Candles = Indecision, an early entry is presenting itself or the trend is changing.
this is only in this section
empty solar
!resources
frank geodeBOT
Link to our Help Center, many common questions can be answered here: https://luxalgo.com/apps/help-center
burnt nexus
Sometimes strong signals are not really strong most of the time whereas normal signals could achieve more points than strong signals
dense heath
atm im watching like 6 charts for a strong signal, but is there also something when it gives a strong buy or sell that it also makes sound
so i dont need to watch it the whole time
warped nova
I've noticed that most of the time when a strong signal happens price moves against it almost immediately
I wait for a pass of the low or high of the signal candle
lucid scarab
I read the manual and my brain just cant process it for some reason 🤦♂️
I prob have to watch the video too
thin trail
video will help!
patent tide
@warped nova you can set alerts
cobalt hearth
@thin trail Hi, Any plans for the lux algo to be on TOS anytime soon? Thanks
thin trail
Looking into it but not anytime soon
cobalt hearth
ok, Thanks
patent tide
does he miss? haha
strong gust
Aye guys, when scalping with lux do you guys use a 1 min or 5 min chart?
thin trail
could use both, ideally 5min+ timeframe though in my opinion
the lower the timeframe, the less data
strong gust
alright cool, thanks. im gunna watch ADMA hopefully they have a nice runup
thin trail
for sure
and for a low timeframe like that, i'd recommend considering to optimize the settings
!settings
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
dry halo
5 min for scalping for sure
strong gust
mahaloz
dry halo
for the scalpers in this group what sensitivity do you have the algo on
midnight crescent
5-2-20 for a 5 min chart
strong gust
what does the sensitivity and agility change do? @midnight crescent
midnight crescent
Less signals
strong gust
ah alright thank you!
young flint
Good information! Thank you
wise zealot
i just discovered something new, and probably was in the website
but, when you enable the equalizer band, signals change too
strong gust
what u guys scalping today?
thin trail
yes the way strong signals are detected change slightly @wise zealot 👍
wise zealot
👍
what u guys scalping today?
@strong gust it looks like a very bullish day for indices today
buy the dips haha
rigid robin
Lol
magic bay
@wise zealot a successful NAS run this morning :)
gilded sleet
EURUSD to short soon
gilded sleet
markets slow today
true slate
is the candles optimisation hard coded now?
wise zealot
@wise zealot a successful NAS run this morning :)
@magic bay amazing! same for dax! finally followed us pumping, was quite slow last week
magic bay
@wise zealot yes - just kept it long all day - an extra nudge on the US open 💯
magic bay
hmm
wise zealot
ath numbers always comes with big retracements to gain some power, many people now will be trapped at the very top
i wouldnt be surprised if sp500 retraces to 3410, or even 3405. It will still close the day in green and in record
next ridge
yes!.. im in the sekret trading club.
Amazing things are going to start happening to me now.
warped nova
@wise zealot my thoughts as well. SPY should test support around the 340ish
still 342 is holding up
wooden cipher
@next ridge whats the secret trading club and how can I join?😉
true jasper
Making money, yes
gritty nymph
I just bought it today
true jasper
don't use it as a stand-alone
It compliments my existing trading style nicely
so it's an added confirmation.
It hasn't helped me make more successful trades, but certainly kept me out of the nasty ones
gritty nymph
you do options or shares?
true jasper
Neither. Indices, FOREX, and Crypto
gritty nymph
I am testing it out on shares before I start options using its signals
true jasper
It works for anything
gritty nymph
any reason you are not doing shares?
true jasper
I just haven't gone in that direction
Just never learned on it, and I haven't taken the time to learn as of yet
learned on FX, spread the knowledge to Crypto... then indices
next ridge
So, i did forex trading for 6 months, small account.. very small. I used no signals or anything at all but researched and asked alot of questions.
I had a very boring run. Win some, lose some never really getting anywhere.
I rejoined fxtrade last night, dropped some cash in the account and by this morning executed 2 trades.
Im up 20 pips on both trades. I just wish i had more cash in the account.
So yes, i am already making money.
Answering the guy who asked about making money with this algo.
wise zealot
@sweet jungle sent you pm
dry halo
Anyone in here swing trade?
thin trail
👋
hidden moss
Anyone in here swing trade?
@dry halo probably for me the most interesing and convenient but still making my heads around this via this algo.... not sure yet how to appproach the swing using a proven procedure or mechanism with this algo...
molten cedar
@thin trail is there a current discount code for Lux Algo? Asking for a friend.
thin trail
LUX10 for 10% off 1st month
molten cedar
Thanks
vagrant meadow
scarlet salmon
fear mongering
stock prices are not related to fundamentals
the majority of the market is irrational
vagrant meadow
Likely. But any article that’s calling for a 95% crash is always worth sharing even if it’s BS lol
gritty nymph
If tesla falls below 1K, everyone will jump in to buy the stock
no way it goes down so much. These analysts need to drive the car one
gilded sleet
@sweet jungle BROOOO we need to see your strategy PLZZZZZZ
gritty nymph
@sweet jungle are you trading forex? what app is that?
steep oyster
what kind of portfolio do you guys have / what did you start with
like whats a good starting capital
next ridge
i hear most people are decently satisfied with starting off with as little as 1,000 - i dont have that off top so im settling for 500 and being patient. other folks that i know that are using this algo have 3 to 5k in their accounts to trade with.
@gritty nymph he is using MetaTrader
Forex can be traded on MT
next ridge
@gilded sleet did you start off with that? i started originally with 60, never really lost and never really won...
but yeah like you said .. little wins.
gilded sleet
i statred with 350
lost a lot of it through poor trading
bringing it back tho with FX scalping
gilded sleet
hahah
runic cargo
I started with 20 quid 😅🤣 turned into just under 200 then fucked up being greedy with gold.haha.
ionic lantern
small accounts are fun, opened a for fun robinhood account with 850 and now its 2590 - teaches you alot about the right trades
runic cargo
Yeah it helps you not be be a complete nob head and concentrate 😂
cursive drift
What is a good US broker to use for FX? Gonna start with $3,000 capital.
normal geyser
I made my first trade today based on this algo. I
I'm currently down -60$. my trade is on the 1d chart so I need to give it more time. I will update you when I close my position if i made profit or no
empty solar
Oh lol if it's the daily you have ages
vagrant meadow
@normal geyser what ticker?
@cursive drift checkout Hugosway, LMFX & Oanda. Those are the only 3 I know of, maybe they’ll help?
next ridge
@cursive drift I second OANDA FX Trade
has been the only trading software i am comfortable with since i started. I hate Trading View. HATE IT. buuuut i will learn to like it if this algo continues to work for me.
swift rover
@vagrant meadow. What broker is it that you use?
next ridge
if volatility is high, that indicates rapid movement right?
am i reading it right...
rustic mural
^^
scarlet salmon
well TSLA killed me today 😦
vagrant meadow
TSLA is a punk. Dumped 60ish points then just bounced. It’s a monsta
upbeat verge
@scarlet salmon I expected profit taking
But not to dip 200 bucks
I was like holy shit
I thought I bought the dip
And it was a 20 layer dip
😂
scarlet salmon
it faked me out on the reverse
scarlet salmon
hoping it will come back up tomorrow though
scarlet salmon
still though, the high was 2.1k+ lol
scarlet salmon
ouchhh