this bitcoin shit
#💬hangout
novel hull
you have to make alot more of ur return when you sell
chrome jungle
is there another broker that doesnt charge so much fees
I mean I litteraly lost around 30 dollars
selling on 350 on top
novel hull
coinbase is pretty good they dont charge as much as the brokers
oak sonnet
hey guys, anybody using lux on low cap stocks, lower timeframe ( 1/2/3/5 min)? any suggestions with the settings?
chrome jungle
how much would they have charged me for 30k
ionic stag
depending on the position im pretty sure
chrome jungle
?
wooden bloom
@vagrant meadow that spy win you have, is that with the 5min chart?
vagrant meadow
@wooden bloom I entered on the 1m but used 15m for trend
wooden bloom
@vagrant meadow ahh nice!
chrome jungle
coinbase is pretty good they dont charge as much as the brokers
@novel hull did you saw my question bud?
and basically I should do stocks on Robinhood not to get into situations like this or?
novel hull
i was doing the math and they charge around the same maybe slightly less on coinbase so i guess its like the everywhere
hidden moss
chrome jungle
what do u guys trade on exactly to make some money
and to avoid all this fees
I was shocked that instead of 350 return I went on -30 dollars
empty solar
That's day light robbery
magic bay
-30??
novel hull
PLUG would be a good buy in my opinion
magic bay
👀
chrome jungle
I meant I lost from the whole trade
instead of being +350
i lost 30 bucks?
how do u guys even make money on BTCUSD
the only way I see is to put your money in
and leave them so they jump with at least 10% or something
wild palm
btc has moved at least 5% intraday for the last week
plenty of movement in that market
im also not sure how robinhood works for crypto but if BTC makes a large move and you have market orders theres potential for slippage
especially if your orders are large
chrome jungle
robinhood suppose to be be doing free stock trades
but I had never dealt with bitcoin
I was kind of shocked that I actually lost money
when I bought at 10k and sold at 10125
and again we talking ab out 30k
sand briar
Is it just me or can't I see the public chat anymore?
wild palm
@chrome jungle ive never used the platform im really not sure
but thats about a 1% move so theres potential for slippage if its volatile
chrome jungle
which app or site are you guys using
wild palm
lol nah like cash
empty solar
Fiat is money
autumn jewel
interesting
wild palm
i turn my maple syrup money into internet dollars on coinbase
autumn jewel
checked it this morning and wasnt sure about to buy
thin trail
lolol
wild palm
all good, can be confusing!
chrome jungle
FTX?
wild palm
bitcoin is pretty unforgiving however
thin trail
wild palm
mack recommended that a month ago and i've loved it ever since ❤️
chrome jungle
so lets see
can you guys do a calculation for me real quick
if I put 30k in bitusd on FTX
and I bought at 10000
and sold at 10125
how much would FTX fees and all this be
chrome jungle
and should I be on + or -
wild palm
read these resources should clear everything up
chrome jungle
there too? just trying to figure out if robinhood are not scamming me or something
vernal raft
Hey guys I’m a bit new here to lux algo. I’ve been doing well so far and I’m just looking to up my profits a bit and this looks promising. Anyone have any recommended setting for the 5min time frame ? I mainly trade stocks/options
sand briar
@thin trail Why can't I see the public chat anymore
thin trail
You've been added to VIP - we separate them @sand briar
sand briar
So I will no longer have access to the public chat?
thin trail
you can use a VPN to use FTX in the US 😉 if you're open to that @chrome jungle
chrome jungle
not american myself
@wild palm can u do this calculation please?
thin trail
you will not be able to @sand briar - but you have all the VIP chats now of course.
the public chat is just mainly live support & people asking questions, not meant for our users to be involved in, which is why we separate them
sand briar
Alright
wild palm
@chrome jungle just off rough math using market orders you should be profitable but like i said it depends on the market conditions and the order book etc.
its pretty hard to say yes or no theres a million factors involved
wild palm
this happens in btc often
when the price changes 3% in about an hour this is bound to happen if you only have market orders
chrome jungle
but the thing is
that on robinhood for example when I submit my order I basically
submit it at a certain price?
and I sold at 10125 but in my order it says that I sold at 10007.48
?!
chrome jungle
well thats a big gab in there
10125 to 10007 dont u think?
and after that the price went even more up, so I just dont get it why?
even when I submitted my order like I said I put 10k
and when I sold it was telling me that I will get 10350 dollars
I press submit and totally different thing happens (while the BTC price kept going up)?
anybody that can explain this, I am very confused?
wild palm
slippage
if the market is active the price can move a percent in a minute, while still moving in the same direction
so unless you have pretty precise orders or are familiar with the platform i wouldn't recommend market orders on short term
the odds are heavily against you
i may be understanding what youre saying wrong but i've traded btc and eth for 5 years and don't know what else it would be
wild palm
ya and that candle was a 0.6% jump so
orderbooks might've been thin
sorry man im really not sure, good luck
chrome jungle
thx
wild palm
👌
chrome jungle
Anybody else, that can explain this please?
scarlet salmon
if u think thats BS, i bought a call option for TSLA this morning at $2200 when it was down 15%, then it went back up to down 13% and the call option was worth $1800 which makes no sense at all since the price actually went back up higher. Either its slippage when I bought it or the theta crush on is absolutely insane (but that makes no sense either cause the option expires end of week)
chrome jungle
u using robinhood as well or?
scarlet salmon
no TD ameritrade
snow oak
anyone having a lot of success with signals on FAANG?
flint hornet
lol XAUUSD is playing w my heart man😆
inner cedar
lol XAUUSD is playing w my heart man😆
@flint hornet big moves
flint hornet
lol am waiting on the reversal... since the trend is BEARISH but the bulls are just pushing like crazy
sly token
I could see this potential move to the low of that low
scarlet epoch
What's the best setting for swing trades?
snow oak
I use 5.2 sens and 1.5 agility @scarlet epoch
lucid scarab
Do yall recommend using MT4?
blissful halo
Depends of your broker
I use mt4 because my broker has good leverage and service. But he does not have a tradingview plugin
hushed wharf
Hi
Im new here
I scalp on the 1 min 5 min Dow Jones
What is the best settings and sensitively?
steady tinsel
hey düde, ive joined this weekend, welcome
im not the one to answer that i guess.. still a bit new
hushed wharf
What is agaility?
thin trail
!settings
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
calm pewter
Can we get alerts on the lower timeframes by discord?
cerulean stone
Xau usd anyone? Thoughts on gold?
flint hornet
yea, am still looking at, its indecisive right now, but leaning towards SELL in a bit
frozen oasis
NZD/CHF broke a big support and confirm as a resistance now. I'm shorting on it, can be a very good move for a swing trade
warped nova
My biggest problem with lux (at the moment) is Tradingivew can be laggy on price. I am on the paid service as well. High tier.
frozen oasis
you can't use the free one
flint hornet
Is advise to look at the trend on 1hr +, then enter trades on the 1 min chart for accuracy entry???
advisorable **
flint hornet
ohk... cuz my sensetivity is at 6.85, and i get less signals for more accurate call.. so i
thought 1 min will be accurate
with entries*
unkempt cliff
Nice and green today on /esmini futures with the help of the Algo. Hope you all were green today too!
analog onyx
@unkempt cliff Happy to hear that!
frozen oasis
What do you think about the index drops ? A correction or a crisis ?
true jasper
The crisis is the correction
There was nothing natural about the levels of QE they implemented
everything that looked good about the economy was fake... as fake as the dolla bills they used to keep it going
frozen oasis
Ok. So juste that the big IT companies are too oversold and knows all is going to normal things ...
unkempt cliff
I've learned to just play what the chart gives me, direction either way is what I need. Directional bias has cost me profits along the way.
Stonks only go up...lol.
true jasper
Absolutely. Bias is a major pitfall
just follow the charts. They know more about what the market is doing than anyone could possibly tell you.
polar yew
if u think thats BS, i bought a call option for TSLA this morning at $2200 when it was down 15%, then it went back up to down 13% and the call option was worth $1800 which makes no sense at all since the price actually went back up higher. Either its slippage when I bought it or the theta crush on is absolutely insane (but that makes no sense either cause the option expires end of week)
@scarlet salmon
Directional move and value of option aren’t always 1 to 1, there must’ve been either a wide bid/ask or IV change
Did you buy near open?
patent sigil
Back reading a bit. From what I'm hearing trading low timeframes is not good for beginners. So question is do I enter on the 4 hour chart or do I go to a lower timeframe and look for an entry there that's following the 4 hour trend?
chrome cypress
Hey guys can somebody help with a good PC configuration for trading?
warped nova
google is your friend
frozen stream
Anyone use the stop loss and TP that lux algo provides? It looks like the TP’s are crazy amount higher or lower than what it’s trading
warped nova
If you are thinking of buying the dip you should. It has been working since 2009. However, at this moment go small size, protect capital, stay in the game. Dark pool print of QQQ Jan 2021 255 was bought for $350MM. Someone that bets $350MM doesn't lose that
frozen stream
DAL moving up $8?
warped nova
@frozen stream defintely do not use the default settings for the TP
you are right, crazy off
hidden moss
I don't even set a tp
frozen stream
Ok just making sure lol
hidden moss
ahhaaha yeah i know you were talking to kmac 😄
frozen stream
Lmao
hidden moss
there's no absolute answer 😄
it's up to you and your strategy
I set it at 1.5 ATR
and i don't set TP because i have an exit indicator
frozen stream
I should do that and focus on one stock a day
Never know which stock to pick though
warped nova
@frozen stream I general trade only a handful of stocks
I like to get to know them
warped nova
Here is my current list. I check them out Pre Market and determine which ones I'll focus on, generally four of them a day
I am using 1 minute
the Oscillator is set to 100
you can search my name and see charts I posted from last week as well
let me know if you have any questions, I don't mind sharing
I try to use stocks making dollar intraday swings
I generally utilize a 1000 shares and a sprinkling of options
warped nova
Let's say you use the 15M and are brave enough to hold puts overnight. You could short at break of support and ride it from 293 to 271. Not a bad win
At the break of support Oscillator goes red curls down
good sell volume as well
you always want large volume for any break
frozen stream
Looking at the 4H on FB I think it would be safe to swing puts
warped nova
what about the Daily?
frozen stream
It closed below one of my moving averages but not the other so what I’m looking at still safe for puts
warped nova
Broke support but Oscillator not switched over yet and look at the sell volume declining
frozen stream
So that would mean no to the puts?
warped nova
probably should use a different setting though for the Oscillator for higher timeframes than what I use for 1 minute
frozen stream
Oh ok gotcha
warped nova
@frozen stream personally I would wait for retest of support and if there isn't one then it's just a trade I missed.
Fed has me trained to be wary of shorting
frozen stream
Yea I agree, might bounce back off support
warped nova
at very least watch position size
frozen stream
Ok cool
vagrant meadow
Is that your evo @frozen stream 👀
frozen stream
Lol yes @vagrant meadow have two my other is a black evo8
vagrant meadow
Nice. Still trying to figure out how many times I need to short spy to get one lol
frozen stream
Lmaooooo I’m literally laughing out loud
vapid ledge
@hidden moss what settings do you use
crimson hare
@warped nova what settings do you use for 1m?
spark wind
warped nova
@crimson hare I don't pay attention to the actual signals on the lower time frames but mainly utilize the oscillator which is set to 100
crimson hare
Interesting. So you look for a twist and red to blue or vice versa?
warped nova
Here is the QQQ Daily chart. Right at support with selling volume slowing down. Oscillator is starting to curl. But that is set still at 100, still not sure if that is the right setting for higher time frame
@crimson hare if you search my user ID you should find other charts I posted with notes last week
that will give you an idea on what I look for
essentially a break of support/resistance with volume behind it and oscillator going the way of the trade
crimson hare
I will, thanks. Always looking for different ideas
warped nova
Here is an example. Look at the break of resistance with large volume. This is SPY 1 minute chart
Oscillator already turned to red and then started to widen
Not much buying volume into much later
vagrant meadow
omgggg I just found a chart layout I had saved with Lux 1.15 on it still 😆
crimson hare
wow. history
empty solar
Enjoy the free code folks 🙂
analog onyx
We are working hard to provide innovative free content to the users, make sure to check it out https://www.tradingview.com/script/hefeKydL-SMA-Directional-Matrix/. More exciting stuff is coming up!
glossy pulsar
Nice free release going to send this to the people that are blowing up my inbox that’s can’t pay for the lux right now
thin trail
nice i hope they like it!@glossy pulsar
subtle gorge
made it easier for people who are having a hard time to find the trend
good one broski
empty solar
❤️
plain epoch
I should of go for Roku instead BYND today...
Took a trade with BYND today (35 mins)
thankyou @vagrant meadow for the tips
empty solar
now this
thin trail
dual wielding the dashbaords
empty solar
is epic
subtle gorge
hahahahah yes sir gtta have that mcdonald traviscott feelin 🤣
added it on one of my confluences id say its working damn hats off to the developers
vagrant meadow
@plain epoch ayeeee check that out that’s awesome
analog onyx
added it on one of my confluences id say its working damn hats off to the developers
@subtle gorge thanks for your support, glad you like it :)
compact kettle
What does it do? Excuse my ignorance, I'm sure it's awesome! lol
empty solar
If you go onto the script it has a bio below it 🙂
compact kettle
Extra trend confirmation on multiple sma?
empty solar
This script was created in collaboration with alexgrover and displays a simple & elegant panel showing the direction of simple moving averages with periods in a user-selected range (Min, Max). The displayed number in the panel is the period of a simple moving average and the symbol situated at the right of it is associated with the direction this moving average is taking.
Settings
Min: Minimum period of the moving average
Max: Maximum period of the moving average
Src: Source input of the moving averages
Number Of Columns: Number of columns to be displayed in the panel, handy when using a large range of periods.
Usage
Looking at the direction of moving averages with different periods is extremely useful when it comes to having information about the short/mid/long term overall market sentiment, and can also tell us if the market is trending or ranging.
Here we use periods ranging from 25 to 50, we can see that shorter moving averages react to the recent upward price variation, longer-term moving averages however are still affected by the overall downward variation you can see on the image. We can as such get information about the presence of potentials divergences, with shorter-term moving averages reacting to the divergence while the longer-term moving averages will still display the direction of the main trend.
As such the indicator can give information about how clean a trend is, with a clean trend being defined as a variation containing no retracements. When our trend contains no retracement, the mid/long term moving averages will all have the same direction, however, when a retracement is present, the midterm moving averages might be affected by it, thus displaying a direction contrary to the main trend.
When the market is ranging we can expect the panel to display an equal number of decreasing/increasing moving averages.
compact kettle
COol, thanks!
sonic shell
Last day before the big krash by exemple
wooden bloom
so the more downward MA's more possibility of it going down? is that what it entails,?
@plain epoch bro , whats ur setting on ur 3 min/ 5 min?
glossy pulsar
That eurgbp mixtape drop is coming
wild palm
im short eurcad
glossy pulsar
When lux drop a new update
empty solar
empty solar
hahahhaah enjoy 😄
plain epoch
i use 5,2,20 June
warped nova
Question. The numbers on the SMA indicator. Are those the moving averages? so is it the 14 SMA and the 15 SMA and the 16 SMA etc?
ionic stag
How do I enable it
empty solar
Yep SMAs
vagrant meadow
5,2,20 is a good combo 🤩😏
compact kettle
Been using 5,2,20 as per CarMillie
Cuts out a lot of noise
Just focus on PA with a few signals here and there
vagrant meadow
@ionic stag it’s a script not an indicator. But it’s public & free. I added it on my PC but just copying the script & pasting it in line editor then saving it
@compact kettle yep! I like it with using trend from a higher timeframe. Glad it’s working for you guys
wooden bloom
@compact kettle whats PA? Sorry newbie here
compact kettle
price action
wooden bloom
got it. Thanks
compact kettle
🙂
wooden bloom
what settings are ur oscillator?
compact kettle
Over a year now
wooden bloom
Default 11?
compact kettle
I don't have it loaded
The oscillator , maxed on indicators
Weird, TV let me add 1 over the 10
Paying for 10 indicators
limpid hedge
Could you guys help me turn on the new indicator?
limpid hedge
Also how I can turn the Lux Volatility? It is not finding anything under the invited scripts
I am so dump... this fixed the problem with the new indicator. I only had it added to favorites... Did not go back to turn it on...
The LUX Volatility script needs to be here, correct?
thin trail
hey @limpid hedge yes you should have access - seems you don’t
send an email to support@luxalgo.com please so we can look into it & ensure you’re in
limpid hedge
Thanks for the fast reply. I will do that now. Am I missing anything else? I am still new and still learning your new indicators
Is the red chart going up means bullish in the new script?
compact kettle
📈 📉
vagrant meadow
@limpid hedge yes they’re emojis. They’re not custom coded
compact kettle
too bad up isnt green and down isnt red
compact kettle
whoever set up the emojis way back when, heh
thin trail
i hate how the colors are backwards too hahhaa
vagrant meadow
I say we write a strongly worded letter
wild palm
this has bugged me for years im glad im not alone lol
limpid hedge
I just realized that... Never used these emojis... It is so disturbing... Why would you do the one going up to be RED... WHY?!?!
lol
meager remnant
@vagrant meadow what do you think the benefit or con is of using a 10 for smoothing, by changing it from what I posted earlier, I get a couple more Signals where I thiught I should to begin with but didnt when it was at 20
vagrant meadow
@meager remnant oh yeah especially on the 1m.
That 3rd strong entry 🔥
Nice set up
meager remnant
probably more Strong sells than needed
vagrant meadow
Is to any better with extended hours disabled? When I was looking at 2H & 4H charts it was better without but when I’m intraday I like having it activated
meager remnant
wondered about that myself on the extended
primal sand
Hey guys sorry if this is a noob question just added the SMA indicator to my chart. when identifying a trend reversal Im basically trying to spot the mid - long range SMA's doing something different than the shorter term ones correct? so like if it's all downward (like rn on the 14-28) then am i looking for higher ones to go up before I start buying? or vice versa
thin trail
yeah that could be a good indication of a trend to start, there’s a lot of ways you could interpret it and optimize it though
like for example if the market is ranging, it’ll likely be close to half & half for bullish and bearish SMA’s
primal sand
ok cool thanks MACK 🙂
hidden moss
Just want to add to the red/Blue Emoji discussion... think of temperature 😉
analog onyx
whoever set up the emojis way back when, heh
@compact kettle We should find the designer who did this and ask for an explanation. It is possible to use ↗️ and ↘️ symbol's instead of emojis.
oak vine
Hey all anyone doing the ftmo challenge right now?
Reason for asking anyone seeing glitches? people have been saying to wait until the glitches are ironed out, I just passed the demo so not sure to wait or just get on with it
frozen oasis
Hi guys, can someone tells me if I don't have a duplicate indicators here ? If yes which one and should I replace it ,
blissful halo
waaaay to much inicators. Learn how every indicator works. And you will find out the Lux osc does same as most and even more. I would remove all and only use Lux
That many is only confusing. Learn PriceAction first, then add 1 or2 indicators.
rancid hare
MACD is good enough
blissful halo
yes ok, but lux offerse simular features as macd, plus more
rancid hare
Way too much there you gonna get so confused
frozen oasis
@blissful halo before lux a only make price action. And with time I add indicators and then comes that I bought lux...
I will demo only with lux + lux oscilator & S/R
blissful halo
Do what feels good for you. I worked long time with MACD only, RSI only, CCI only, and in the and all are lagging. No need for those if you really understand PA.
gaunt socket
Last month i have a profit of around 30% just bought lux and analyzed my trades this month compared to lux signals, if i would have been followed lux it would be around more then 50% damn guys. Just wanna give all of you who are behind this and sharing this a big thank you, you guys are awesome
blissful halo
the algo is good indeed
frozen oasis
Thanks guys, and what do you think about the S/R lux feature ?
blissful halo
its ok, find out what works for you
frozen oasis
sometimes it add too much lines but honestly I love it because it avoid tracing them all time
vagrant meadow
Works better for longer term positions IMO. Since I mainly daytrade I found it kept me on the sidelines too long. On the flip side, when I got a strong entry with a break of S/R it was always a killer move so I guess pick your battles.
sonic shell
A good tips for you guys. If we have a sell signal on a green candle, we have surely a big moove on the future and vice versa 👀
quiet merlin
Just been watching before placing trades on the 1 min lol, I've actually missed a few good scalps not taking them. Interesting...
oak vine
I look for confluence, if the lux says sell on a few timeframes then I sell
quiet merlin
Anyone trading crypto? I am using bitmex currently
oak vine
i dont do crypto
sonic shell
is that true?
@oak vine On every time frame i've seen, it's look a really good signal...
oak vine
wow
sonic shell
Anyone trading crypto? I am using bitmex currently
@quiet merlin Yess
oak vine
good tip man ill look out for it
quiet merlin
this feels a bit too good to be true so I'm waiting for it to prove me wrong, but of course I depend on my own TA and common sense more. But so far I am quite surprised at some of the signals when I look back through charts on various time frames
quiet merlin
what the actual fk hahaha
quiet merlin
wow...
quiet merlin
insane man
quiet merlin
I'll watch charts a little longer and check out some other markets like fx (I'm mainly in crypto). just going to check out the rest of the info vids
quiet merlin
like 2 hours lol
empty solar
hahahahah brand new
empty solar
@oak vine Thank you for the kind words ❤️
oak vine
I hated heiken ashi candles at first, but now, omg i love them, so much cleaner and easier to read.
@oak vine Thank you for the kind words ❤️
@empty solar Just speaking truth
round dew
@oak vine I just passed the FTMO challenge and verification and I have not see any glitches. They just made a major change to their platform.
oak vine
hey man thanks 🙂 did you use ftmo own broker or purple trading?
round dew
i'm in the US, so I had to use FTMO's broker
glossy pulsar
Found me a woo candle on the cadjpy
rare totem
So i have been trading with demo account couple of days now and lux REALLY WORKS!! Now i want invest Real money.... I trade FOREX... but some trading platforms i need server to connect. Is there any free servers or trading platforms where i dont need server
daring jasper
hidden moss
@rare totem what do you mean?
magic bay
@daring jasper
hidden moss
you need broker (ig, oanda, ic markets,...) and then you can trade on app called mt 4 (metatrader 4)
magic bay
TF15 or 5
flint hornet
is it just me, it said strong so I did trade then it reversed
blissful halo
what settings for indices would you suggest @magic bay ?
blissful halo
ok, I will test it besides mine. I trade dow and gold mostly
lucid lily
anyone only trade TQs and SQs?
magic bay
I dont play METALS so have not tested
oak vine
@oak vine do you use default
@vapid ledge yep I haven't changed anything
is it just me, it said strong so I did trade then it reversed
@flint hornet It hit support the blue line and reversed
flint hornet
@flint hornet It hit support the blue line and reversed
@oak vine do you think it gonna go down!!
glossy pulsar
Yea I think I found my profitable timeframe
flint hornet
Yea I think I found my profitable timeframe
@glossy pulsar Wat times and settings?
glossy pulsar
But I hate that i found out at the last minute
I’m using default setting and on the 5 minute timeframe
I hate waiting and holding trades so papi will now be scalping
Just needed that one indicator to help make it better
flint hornet
yea I was up 100$ but gpbchf reversed so am down -30$
blissful halo
What timeframe you use? I scalp on 1 min dow with renko
glossy pulsar
Like right now buy gold people
nimble furnace
anybody has recommended timeframe + settings for forex?
flint hornet
^^^^
nimble furnace
for now been using locked settings with finding entrys on 5-15 min with trend of higher time frames like 4h 1 day
oak vine
I look on the 5/30/1/4 hour then check the forex strength to see what pairs are shit and what's good. Then wait for lux to tell me whats going on
if its a strong boom im in if its a normal buy/sell then depends on the S&R levels
nimble furnace
okay i will take off the locked settings and will continue how i'm doing now, thanks in advance!
nimble furnace
cool thanks 😄 very usefull ^^
flint hornet
is red on good on that
flint hornet
yall should make a youtube vid abt this and help us😆
Do anyone think going up 2000?
nimble furnace
what do you mean with up to 2000?
flint hornet
Sorry GOLD is at 1947 rn, i was wondering if yall thought it would get to 2000 like last time
tepid crypt
Guys what’s your best settings for big pairs in forex trading with lux?
frank geodeBOT
More info on changing the input settings on Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-adjusting-input-settings
soft locust
How’s everyday today
wild palm
today = 
steady tinsel
gold has been good to me today 
Sorry GOLD is at 1947 rn, i was wondering if yall thought it would get to 2000 like last time
@flint hornet eventually. i'm buying and selling as it is going up and down.. but i'm taking smaller bets just in case.. today i made pips going up and down
runic cargo
Any forex traders out there that didn't even bother today? 😅 normally catch a nice London session breakout... nothing I felt comfortable with anyway. Always tomorow 🤞
river trench
Can we use regular candlesticks instead of the other one?
flint hornet
I did good early morning then it reversed lol rlly sad nd mad
oak vine
I got on gbpjpy, said strong down, then a buy and I bought it and rode it up
interesting thing is everyone I seen was selling gbpjpy, I wonder if Lux caught the selling pressure from retail traders and the banks said "nope" and pushed it up
runic cargo
Yeah gbpjpy been selling for the last couple of days it had to reverse at some point you caught it at the right time. Yeah you can see double bottoms where price rejected and then reversed bullish. That's the banks taking out all those stop losses 🤣
oak vine
lol
unkempt cliff
A good example of the support and resitance lines from the algo.
Of course it did drop more but I don't like leaving positions open when he's speaking or any big news event.
oak vine
yeah good idea
flint hornet
i was on gbpcaf.... it did well till 8am
last blaze
Is it possible to use the Lux oscillator or Lux volatility indicator in a TradingView strategy?
charred marten
Is there a reason that spread would jump very suddenly and be this large?!
tired belfry
This time the spreads are always sky high
When asia session opens the volume and spreads are going normal
About 2 hours from now
empty solar
@last blaze not currently
charred marten
Awesome! Thanks. Strange I never noticed it before but I’m fairly new to trading! Haha
last blaze
Thanks
tired belfry
@charred marten if you download “golden hours” in the app store that gives you an good indication when the markets open at your time
elder grail
Hello guys, how's everyone doing? Just joined!!
elder grail
Today is not bad, did much better than Friday and Tuesday.
Can't wait to trade with everyone tomorrow.
I'm an option trader.
Looking forward to learning from you guys. 🙂
elder grail
Thank you thank you!!
fiery mason
Hey guys is there a way to alert us when exactly the buy and sell signals occur on the chart? @empty solar
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
glossy pulsar
For those of that are scalping use the vwap indicator
It works for all timeframe but for the 15 minute and 5 minute traders you’ll love it
vernal raft
@glossy pulsar yeah I combined vwap with exponential moving average and the algo was pretty much spot on. Deff going to live trade tomorrow with it
Caught zm run up in the morning, crazy stuff
glossy pulsar
Caught usdcad selling while I was at work
kindred forge
@vernal raft any special settings for the vwap and the ema
vernal raft
No I just enabled it that’s it
kindred forge
ok thanks
wild palm
twilit rock
What does the vwap actually do?
north laurel
How do folks find which stocks to trade on? Do you set alerts for a bunch of different stocks?
near void
I personally only trade forex. I'd say it's a personal preference as to whether you like trading indices, futures, CFD's or forex.
chrome cypress
@vernal raft what configuration you’re using for lux signals?
heady hawk
Stupid TV question I see they offer real time exchange data for a fee, is the info delayed if you are using the free version of TV?
glossy pulsar
@twilit rock https://youtu.be/IWk9kf2wQJo
hidden moss
What stocks are you guys focused on?
glossy pulsar
No stocks got me only forex
lavish tapir
What does the stock scanner tips mean which you guys post under with a given timeframe. How to analyse that? #695668653869236433
@thin trail
And also what time zones you use when you release these tips?!
thin trail
!visible
frank geodeBOT
Our Discord market scanner alerts all use the following:
- Heikin Ashi Candles
- Default Lux Algo (V2.7 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".
thin trail
time zone is UTC by default but doesn’t matter is the same data regardless at the same time
cerulean haven
Please suggest how many days I should select for SMA INDICATORS if I'm scalping the instrument on a day.
Default days are 14 to 28 days
Hi Mack, please advice on above.
elder grail
The stocks buy/sell signals in the stock bot room. Are they for to buy shares or for options?
limpid tendon
Hey just waiting for the script to be added to my trading view @thin trail
thin trail
will be very soon @limpid tendon 🙂
@elder grail - up to you! the signals are basically just alerts for possible trade ideas
cerulean haven
@thin trail , any recommendations for me
thin trail
It’s really up to you to decide - hard to give a 100% straight answer on that as it really depends on so many different factors 👍 @cerulean haven
lucid lily
hey admins do you guys personally use standard candles or heiken ashi?
ornate olive
Lago need update for perfect tp alert
thin trail
Both @lucid lily
thin trail
the reason we have it adaptable to price and not a stagnant trade setup per each signal is because that encourages them to be taken blindly, which does not work
ornate olive
Okay got it
thin trail
yea, it’d be misleading to do it like that, but we are going to look into better TP’s regardless:)
we’re doing a lot of development right now for our system👍
gleaming cloak
Beautiful day
@magic bay Hi. Do you short DAX today?
blissful halo
this is my SP500 screen for this morning
renko based
cvse indicator is very good for market volume info. To see the reversal comming
this is us30 dow jones
almost same moves
love it
magic bay
@gleaming cloak yes at 08:33 my time
gleaming cloak
@gleaming cloak yes at 08:33 my time
@magic bay we have the same time, but I started at 6:45am
When will SHORT stop? What do you think? Is it good idea keep it till tomorrow?
keen thunder
@magic bay what settings are you using? Have you switched off the normal buy and sells as can't see them on your chart?
magic bay
@keen thunder I have adjusted the settings to work with Indices
Amended the tools to fit my needs
nimble furnace
5.75 looks very good on 1h-4h charts for forex
keen thunder
@keen thunder I have adjusted the settings to work with Indices
@magic bay ok nice what settings are you using for indices?
Maybe we should have a page with settings on it and people who have tested and have had good results could share on there?
Like they say team work makes the dream work
@thin trail
magic bay
7.5 1.85 50
vagrant meadow
@heady hawk the paid version of TV still doesn’t give you real time for every market. So if you trade stocks & want real time regardless of what plan you’re on then you’re on the hook for the $2/mo or $24/yr fee... & I may be wrong but I don’t think they’ll allow you to purchase the data on their free plan, I think you have to upgrade to their lowest paid plan at the minimum
magic bay
☝️
vagrant meadow
@blissful halo with the Renko 👀
Your charts are gorgeous. I’ve never touched renko before. Makes me wanna study it though after seeing those possibilities.
keen thunder
7.5 1.85 50
@Gilksy#5967 thanks mate 👍
elder grail
Beautiful day
@magic bay which indicator you use to add the Support & Resistance lines to ur chart?
glossy pulsar
Sell gbp pairs
scarlet epoch
Anyone primarily trade BTC?
flint hornet
Sell gbp pairs
@glossy pulsar why is that
glossy pulsar
Check the daily
quiet merlin
Anyone primarily trade BTC?
@scarlet epoch
not BTC only, but crypto in general
I use bitmex mostly but starting to use binance a bit more. I just don't like it cause it lags so much
flint hornet
Check the daily
@glossy pulsar Should i do it... cuz i usually scalp and have never traded on daily before
scarlet epoch
@quiet merlin Even better, as I am in all crypto also. I am new to Lux Algo. Can I ask what settings you use? I am curious as to how to use Lux efficiently. It seems that it could be as easy as buy when it says buy, and sell when it says sell... over and over again. lol
glossy pulsar
Right I Won’t because it retracing but when it does drop again you’ll see it from lux
@flint hornet
I’m trading off the 15 timeframe but I use the daily as my long term trading position
magic bay
@elder grail Lux has S/R option in settings
glossy pulsar
Right now it’s spiking because of the mix news reports that drop a short term buy will happen then it will drop heavy
wild palm
crypto has been easy money all week 😎
scarlet epoch
@wild palm I am new to Lux. Can you give some insight on how you use Lux to trade crypto? Settings, strategy, etc? I've always been a hodler, so day trading is new for me
frozen oasis
@wild palm play with the setting using the doc. I have some exotic setting that I test backtesting the algo in trading view
Today my setting only catch big move in daily chart for Forex
orchid shard
wild palm
@scarlet epoch turn on the equalizer band, default algo settings, watch how price moves away from band with strong signals
if the market is active/trending you just follow it per the band
this is how easy it is lol
obviously dont walk into the trade blind, theres several other confluences i watch for
https://www.tradingview.com/x/BedLFacg/ make sure theres a clear trend on 1/4hr or you get this
frozen oasis
I mention the bad guys haha 😆
wild palm
@frozen oasis are you on default settings for forex? i saw your chart in the other channel
wild palm
god bless
quiet merlin
@scarlet epoch I only bought in yesterday, just watched charts yesterday. I am still taking a few small trades, but only with default settings.
scarlet epoch
@wild palm So, probably a dumb question, but hold if it stays above the band, and sell if it starts to cross?
frozen oasis
@scarlet epoch you need to have a money management plan and focus on it. It will give you the signal when you need to take profit in your position
quiet merlin
It seems a bit choppy today, most likely due to indecision from btc (as we know, alts tend to follow). However I managed to get a nice scalp on some alts on binance perpetuals
wild palm
if there is, say an uptrend, if the band doesn't get broken and my other conditions are saying "uptrend!" i'll buy on a signal
it really depends on a few conditions i have but if the band doesn't hold as support near instantly i find it drops thru, its easy to identify if its holding
this is after staring at the 1hr chart for basically two months tho lol
@quiet merlin ETH testing first resistance right now 😄
scarlet epoch
@frozen oasis Thanks! I definitely understand that concept, but using the chart is a different story. lol
@wild palm That makes sense! Thank you sir!
wild palm
no problem always happy to help
frozen oasis
@scarlet epoch I only use price action with S/R to take entries & exits. But for each trade I make, I take 2% profit of my current Bankroll, protect my trade and let the position going where they should go. After that like @wild palm says, I look for S/R and the bands ( if they are growing or not etc... etc... )
this seems working, I made 180euros in 4 days with a 350 euros account
frozen oasis
the good things with this strat, is all loosed trades are covered by my 2% profit per trade
I use it for forex
frozen oasis
seems working too in Stocks for daily chart
frozen oasis
BTC H1 with my settings
in daily my settings does not work. They need to be changed. But it's easy to make your own
tough hull
Hello can anyone recommend settings for indices at smaller timeframe(5-15min) please
frozen oasis
you can backtests this ones #💬hangout message
tough hull
Thank you so much
glossy pulsar
So was I right or wrong to sell all gbp pairs @flint hornet
night condor
Thoughts on Gold ??? Take the buy ??? Or it’s time to reverse ??
blissful halo
@night condor What time frame?
autumn jewel
i lost 100eu+ in gbp parts today
autumn jewel
what timeframe is that
blissful halo
renko 3 pip per block
gold is at 1960 round number now, bounced off once already
but can break to the downside
true jasper
renko doesn't use timeframes
true jasper
renko is strictly showing the distance something goes
not respective of time
on bar is 3 pips, that could take an hour, or a minute
blissful halo
I would wait for a clean break or bounce of 1960 and enter in a new retracement if long or short break happends
well for gold not 1 hour 🙂
true jasper
of course...
blissful halo
i set my box size for this, I scalp
true jasper
I was just illustrating
blissful halo
Gold was long all day from the POC level, very clean and clear
true jasper
but using renko helped me find that better way
true jasper
ya.. it's pretty simple. I'll post a SC
nimble furnace
What is happening to eurgbp? they wanna break charts?
blissful halo
Gold broke down
nimble furnace
oh damn
tough hull
Just subscribed today and have to say its even better than i thought it would be
glossy pulsar
Damn I love lux lol too gbpjpy on the 5 minute chart now wooing down like crazy
night aurora
wish i was
just losing money here sadly
guess I'm needing more guidance on what to take, because strong signals still lose about 40% of the time
covert narwhal
Tech on a downtrend, so it's wise to pull your cash
if you see a nice strong sell, get maybe one put
flint hornet
wish i was
@night aurora get in on all the down trend on all the gbp pairs rn
night aurora
@night aurora get in on all the down trend on all the gbp pairs rn
@flint hornet Do you just look for the trend on a higher TF? Using an EMA?
flint hornet
lol i just use lux nd look at 1 hr nd enter trades on 5 mins or a min sometimes
night aurora
That's a good idea
I just pull up the 1min chart and say Leeeeerooooyyyyyyy Jennnkkiiinnnsssssssss on US30
velvet spindle
what do you guys use for forex
astral zephyr
proper maple
SHLL and WKHS down a bit, keeping an eye on them to see if I want more
night condor
What platform is that @blissful halo
true jasper
@blissful halo you were wondering about how I scalp the us30: https://www.loom.com/share/6a64ba915eb34ff19ec3210028812272
First presentation of it, so I apologize for it not being as polished as it could be
elder grail
Anyone here trade options?
vernal raft
I do
elder grail
how the lux indicator work out for you? i just got mine last night and trying it out today
night aurora
@blissful halo you were wondering about how I scalp the us30: https://www.loom.com/share/6a64ba915eb34ff19ec3210028812272
@true jasper thanks
vernal raft
@elder grail I find it to be a great tool to find bearish or bullish trends. I wouldn’t rely on just trading only off the signals though
Second day using it so far
elder grail
yea right now i'm just observing how the signals react from the sideline. i usually like to scalp. i'm using 1min. how about you?
old badger
Can anyone mentor me on Lux. And stock itsself. Willing to pay good $
nimble furnace
what do you guys use for forex
@velvet spindle what time frame?
Everybody out here scalping meanwhile i just wanna catch those 4h swings 🥺
covert narwhal
@nimble furnace You probably gain more on those 4H
nimble furnace
Probably not more but more stressfree cause it's more set and forget
covert narwhal
Exactly @nimble furnace , I havent found a good setting yet for 4H. what are you using?
wise zealot
I just pull up the 1min chart and say Leeeeerooooyyyyyyy Jennnkkiiinnnsssssssss on US30
@night aurora 1 minute chart for indices is suicide buddy
nimble furnace
@covert narwhal for the first few i used std settings but now im experementing with sensitivity , 5.75 looks really good
azure wadi
What are best settings for 1hr chart?
azure wadi
Yes
nimble furnace
I cant give crypto advice sadly
covert narwhal
Shin, how do you scan for the swing ?
nimble furnace
no clue, have to wait for anyone to respond
wise zealot
The swing you spot in the chart
nimble furnace
ohno he meant like how do you find good entrys or posible future setups etc and its just opening the chart of the each one on 4h and check every 4h ish
proper maple
Anyone get in STSA? That drop is incredible
wise zealot
well, if its an uptrend, you check the last support and wait for entry, heikin ashi make it easy to spot
here an example but beginning of potential downtrend
stop loss a little above of that top, tp by atr
nimble furnace
i allways move my sl everytime new supp shows up 😄
wise zealot
already dropped to 70 level
never entry on signal
i have vwap and poc as filters also
primal spruce
Would I b wise if I take the bot trades without proper analysis?
torpid sparrow
wise zealot
Would I b wise if I take the bot trades without proper analysis?
@primal spruce you will enter in a total loss
i was analyzing the signals
and if you enter pure and simple, goodbye
glossy pulsar
The woo candle still going
nimble furnace
depends on settings tbh
as u can see
every trade here would have been profitable
analog onyx
We updated our SMA directional matrix, the panel is now less intrusive. https://www.tradingview.com/script/hefeKydL-SMA-Directional-Matrix/
thin trail
wise zealot
depends on settings tbh
@nimble furnace that is taken from the bot?
ocean snow
depends on settings tbh
@nimble furnace WHICH TIMEFRAME IS THIS
nimble furnace
4h 😄
wise zealot
I meant if its from one of the signals of this discord group
wise zealot
gbpjpy would be in profit, audcad nope. yesterday 3 out of 4 not, that's why every signal from the bot needs proper analysis
yeah, he was asking to take the signal straight from the scanner
true jasper
@night aurora 1 minute chart for indices is suicide buddy
@wise zealot not necessarily. I’m winning 73% of my trades
Took me 5 months to develop the personal algorithm, but it’s working
The hardest part is the nerves.
nimble furnace
Bet, would give me a heartattack hahaa
wise zealot
But working for you, it doesn't mean it's not risky. Plus a good a strategy, you need low spread and fast execution broker
nimble furnace
agree but if it works for u it works so dont stop ;D
theres allways risk involved
mild bloom
For all of you who trade forex. What platforms do you use to trade and what fees are associated with trading??
cedar heart
Spy to covid pows before election or just me?
feral lichen
So strong tsla buy?
nimble furnace
fxpro on mt4
subtle gorge
not necessarily. I’m winning 73% of my trades
Took me 5 months to develop the personal algorithm, but it’s working
@true jasper technically its the emotion and the balls when trading 1min trading indices
when ur emotion is just off when trading everything is so easy
i dropped 19 lots on eu n got out after 5 mins quick buck, if u have emotion u cant pull that shit off lol its hard coming from me when i couldnt even drop 1 lot but on top of that u have to analyze n have plan/strategy
atomic flint
Is anybody seeing any of their trades hit the TP1 levels - So far all my forex trades have not hit TP1 - i had to manually close them as the . direction was changing against me.
empty solar
The TP levels are meant to be set by the user 🙂
So you need to set them
They may not automatically be set good for you
empty solar
You set them according to the dashboard?
subtle gorge
Did you mean, you executed and then the lux told u that it will hit that TP1?
atomic flint
no - the note box has if it is bearish or bullish and it tells you the stop prices, tp1, tp2 - I execute my trades according to those but TP1 never hits
empty solar
Yes because you need to set them to your trading style
subtle gorge
^
empty solar
They are auto set at a certain level for swing traders mostly
atomic flint
The what is the purpose on tell us the Tp1 and tp2 then?
empty solar
For people who set them
plain epoch
Those are just swing
subtle gorge
Its not 100% gnna hit any TP
atomic flint
so what guideling should I use when setting my tp1 and tp2?
empty solar
Do you ever set a SL and TP when you enter a trade and need to calculate R;R ratio targets ect
That's what it's for
atomic flint
I set SL and TP
plain epoch
You need to calculate what is going to be stop lost
atomic flint
R:R no more than 1.7
empty solar
So you set your stop loss using ATR mutliplier
Then set the R:R
and it will suggest the TP for you
empty solar
They are your settings 🙂 It's up to you. But you need to set the SL before you enter the trade
So how do you normally pick a SL?
atomic flint
I do set SL first
I look at the last high and go 10 pips above that
or I will use the last Resistence and go 10 pips above
atomic flint
What should I set ATR too? What should I set R:R too?
empty solar
So just increase it until you like it
That's up to you - i don't know how you trade
It for you to decide a sl
atomic flint
What is the purpose of providing SL, TP1, and TP2 then?
atomic flint
I trade 1hour charts and 1D charts
atomic flint
Can you trade on 1M chart with the Algo?
subtle gorge
Ofc but theres a lot of noises n pressure
You have to get out after 2-3 mins or smth or 5mins even
Dont really ... suggest trading at 1m
atomic flint
i normal trade 1h, 4h, 1D charts to get the story for a pair
subtle gorge
Yeah swing is the best with this algo
atomic flint
I look at support and resistance
do you have a sample chart you mocked up with a currency pair trade you have taken
?
subtle gorge
With the algo?
I use this algo most of the time trading indices, when it comes to forex i trade on my own
i had this marked since last night
subtle gorge
Really depends i sometimes do 1;1 or 1;7 etc etc
subtle gorge
I dont trade stocks so...
subtle gorge
Yea i have lux i use lux with SPX DAX and US30
flint hornet
I got lux this Monday Nd it does wonders....word of advise, don’t get greedy for more cuz I was up 900 dollars Nd got cocky Nd didn’t exit
subtle gorge
Note to self; dont overtrade
thin trail
!
subtle gorge
thin trail
major key
empty solar
It depends on the asset, timeframe, your trading style
It's like asking for the best moving average 🙂
You need to tune it to your style
and assets you trade
atomic flint
I trade forex - so what should I use - is there a website that has this info?
empty solar
It depends on the timeframe
and pair
And your style - it's really hard to recommend
vagrant meadow
@atomic flint what I’d do is pull them up on TradingView alongside your other indicators and edit lux until it gives you clean entries. That’s what I did with intraday stocks . I spent an entire weekend just tweaking it and I still play around with the settings here and there
subtle gorge
^
empty solar
^^
atomic flint
is there any webinars/training/tutorials for Lux Algo?
thin trail
!resources
frank geodeBOT
Link to our Help Center, many common questions can be answered here: https://luxalgo.com/apps/help-center
thin trail
YouTube videos from some traders you can find too
vagrant meadow
Jacob & Faares are great at explaining how they added Lux to their system(s). I watched both of them before joining and it answered a lot of questions
atomic flint
have that pnr and vwap
@subtle gorge use on stocks or forex?
subtle gorge
i only do fx and indices
plain epoch
@subtle gorge are you using 25% on pnr?
glossy pulsar
@flint hornet let me get half of that lol
subtle gorge
@plain epoch took it off dont want a lot of noises
patent tide
@vagrant meadow do you use a trailing stop loss for your scalps? whats been working for you as for finding an exit
feel like im either always leaving meat on the bone or sometimes get stopped out too early
subtle gorge
If youre scalping dont wait for more than 8-10mins
if u trading on 1 min ofc
different story if ure trading at 5m
patent tide
yeah i primarily enter on the 5m
vagrant meadow
Lately I’ve just been doing a market order out at 15%.
subtle gorge
I usually exit when i hit a certain % when scalping
idc if its 0.2% or 0.5%
thats my rr
patent tide
two days in a row i got stopped out early into the trade, then went on to miss a 100%+ move both times
subtle gorge
lets say ure up by 100 bucks in a minute i would get out already
When the big moves happens, it tend to comeback
it tend to retrace then find that retracement
n ride it down or up
now dont put ur entire account, just risk 1-2% then ure good
flint hornet
@flint hornet let me get half of that lol
@glossy pulsar haahaha. already gave it to my mama
glossy pulsar
Lol all good boss but nice work with the profits @flint hornet
analog onyx
Pinescript now support arrays! And when there is a new feature we jump-in and start using it! We made a free script that describe how the rolling percentile nearest rank is calculated, if it's a topic that interest you, check it out here https://www.tradingview.com/script/YDpNmgQV-Percentile-Nearest-Rank-Using-Arrays/
proven violet
YOu guys think the market will be green or red tommorow
plain epoch
its going to be Yellow
proven violet
what does that mean haha
flint hornet
Lol all good boss but nice work with the profits @flint hornet
@glossy pulsar preciate it
hidden moss
New in the game here. Watching GBPUSD, I've noticed that every time the equalizer band twists, the trend gets reversed (if it's an uptrend it goes downwards and vice versa). Now, just before 10pm (UK time), said band just got a knot and the opening is wider as usual, so, in my opinion, it's gonna fall. hard. Can't see anything stopping it, at least until the news hit. Can we say I called it?
Oh, I've just seen now it was called in #695732700991979601 at 4pm.
subtle gorge
yea band is pretty helpful its one of my confluences
GU actually played beautifully
couldnt catch it
broke the structure and gave a new retracement
vagrant meadow
Liking the new indicator guys 😍🔥
mild bloom
Can someone help me understand the fees that come along with trading forex?
I read that it’s (spread)x(pip cost)x(number of lots traded)= total cost.
So if the spread is 1.2, the pip cost is .1 and you want to but 1,000 the total fee for the order is 120?
cedar heart
How does the new indicator work?
And is it possible to make different presets one for forex, and one for stocks
thin trail
Explained in detail here: https://www.tradingview.com/script/YDpNmgQV-Percentile-Nearest-Rank-Using-Arrays/
You can save settings for any indicator as default but as of now i’m not entirely sure you can do presets on indicators
analog onyx
Liking the new indicator guys 😍🔥
@vagrant meadow Really glad to hear it :3 we just have so much free quality stuff coming up.
vagrant meadow
Great work @analog onyx this thing is gonna be killer
thin trail
great confluence! :))
compact kettle
How you getting multiple STRONG signals ?
thin trail
removed normal signals ^
thick agate
Any suggestions for what forex to trade overnight for someone on EST in the USa
compact kettle
oh'
cerulean haven
@subtle gorge and @vagrant meadow I want to scalp, if I'm following 1 min graph and 5 mins graph how long I should wait
compact kettle
How do you remove normal signals ?
thin trail
via Style Settings in Lux Algo v2.7 settings
vagrant meadow
@cerulean haven are you using 5m for trend & 1m for entry?
compact kettle
How exactly did you get multiple strong signals like that @vagrant meadow lol
Was that up yellow arrow a buy ?
WOuldnt be
Baffled, sorry
vagrant meadow
Oh this is just a chart I’m playing with. Set the settings way low. This is 3.5, 1.56, 10 on a 15m timeframe. Yellow arrow is a MACD cross from the public library
compact kettle
ahh
cerulean haven
@vagrant meadow I'm using 1m or 30s entry but following 1 min graph only...
@vagrant meadow I'm new with trading.... may I'm doing wrong
@vagrant meadow mostly I trade with Forex
vagrant meadow
@cerulean haven im going to say to you what the sensei who taught me how to trade said. You can not rely solely on the 1min because it is not a true trend but only a data feed. Trend starts on the 5min. 30s IMO is wayyyy to fast. But I’m not a fan of tick charts so maybe I’m biased.
I’ve had success with a 15m trend & 5m entires BUT I’m working on entering on the 1m
cerulean haven
@vagrant meadow , Ok, we follow trend for 15 mins and then entry with 5min signals. or follow trend of 15 mins and then enter with 1m signal
flint hornet
@vagrant meadow by the way... love your vids
compact kettle
I'm afraid the newest free indicator might be over my head
Explain it to me like I'm Micheal Scott from The Office
Wtf does it do ??
🙂
vagrant meadow
@cerulean haven the idea is to get trend from one timeframe & enter on a lower timeframe. OR you can get trend & entry for 5min+. It’s all on what you like best. I follow a guy on Facebook who makes $5000 a day sometimes & he only trades 5min bars
@flint hornet I don’t have any videos 😶
Those 2 pages I shared earlier are other guys not me
compact kettle
And sorry if I asked this already but... lets say you see a sell which is purple, a few bars go by then it the bars turn red - is that first red bar automatically a STRONG sell ?
vice versa for buy
cerulean haven
@vagrant meadow okay got it. So basically.. 15 mins chart shows LUX STRONG BUY Signal.. so it will be a Upward trend... then find another strong buy in 1 mins chart.. am I correct
@vagrant meadow It may be stupid question, just want to confirm on 15m chart, does LUX advise the TREND ?
vagrant meadow
@compact kettle correct. It’s a normal sell turning strong
cerulean haven
@vagrant meadow I've enable the TREND lines now in LUX Algo... so on 15 mins chart....RED line is descending that means ... Bullish, and then find 5mins Strong SeLL signal for entry ?
vagrant meadow
@cerulean haven in short you’re correct. If Lux has a 15m strong buy then you could go into the 1m and take the following strong buy. HOWEVER, I use Lux in confluence with a set up I already have. So I don’t follow Lux blindly but by following this rule it has kept me out of bad entries. And really helped me nail some winners!
The trend is your friend
cerulean haven
@vagrant meadow thanks a lot, I will ensure to follow 15m or 30mins Trend and then find 5 mins or 1 min. Would you mind sharing your setup...
vagrant meadow
@cerulean haven I’d do a demo account while you workout the kinks. Don’t rush yourself, the markets aren’t going anywhere
cerulean haven
@vagrant meadow I was following 1m STRONG Buy/SELL signals so far.. got some winners but stayed away from big loser. but
But I will follow up.
@vagrant meadow Yes, I will try out in demo accounts all the kinks
cerulean haven
Mainly Forex, Indicies US30 & UK100 and Commodities, Gold and Silver
Crypto to volatile for me...
I find Gold and Silver volatile as well.
@vagrant meadow if I've follow 15mins trend and 5m or 1m entry..... so how long we need to wait 8-10mins or it depends on the trend...
vagrant meadow
This is one way you could do it
cerulean haven
@vagrant meadow for Exit you are using 15M MACD