💬hangout

[vagrant meadow]

@cerulean haven For exit I’m either taking profit when satisfied or a trialing stop. I don’t use indicators for exits

[cerulean haven]

okay.. got it. I need to understand trialing stop... what it means and how to use.

Bearish Oscillator and 15m MACD are the built in indicator of Trading view ?

what indicator is that.. which suggest Strong Sell on the top...

[vagrant meadow]

Here’s another way to do it. SPY gave a strong sell at 12:00 but you could’ve waited until the 1m gave strong sell entries if you wanted tighter entries

[flint hornet]

@flint hornet I don’t have any videos 😶
@vagrant meadow might have gotten wrong person sorrryyyy

[vagrant meadow]

Hahaha all good. @flint hornet

[cerulean haven]

@vagrant meadow you got really good setup along with LUX. atleast can be confident when taking up the trade.

[vagrant meadow]

@cerulean haven well the strong sell is the Lux signals. The Lux oscillator is apart of the invite only scripts. The MACD is a built in from TradingView

Takes practice 🤓 I didn’t even know what stocks were at the beginning of 2018. Just have to be patient & learn

[cerulean haven]

@vagrant meadow Apologies I was referring Strong Sell in Gold/Yellow color.

okay, sure. Patience and Emotion are the keys

[vagrant meadow]

OH. The arrow is just a MACD cross indicator I found on the public library

[cerulean haven]

Not the small Gold arrow.

This is the one.. I'm referring the image. STRONG SELL in BOLD letters...in GOLD/Yellow.

Strong Sell in Bold letters

[subtle gorge]

I think those were edited by him

So you’d understand

[cerulean haven]

okay.. thx @subtle gorge and CarMillie

[subtle gorge]

@vagrant meadow is ur osci in default settings?

[cerulean haven]

@vagrant meadow @subtle gorge once you have open up the trade.. with 5m or 1m entry... do you follow 1 min graphs to track the progress or we should toggle between 5min chart as well?

thanks heaps to @vagrant meadow for sharing the knowledge. I will try the kinks in demo

[subtle gorge]

No 5m

15 min to check the trend

[cerulean haven]

ok

got it @subtle gorge .

[covert narwhal]

@vagrant meadow what settings are you using for the 15 ? Then 1min for entrance to get those strong sell ?

[subtle gorge]

Dont trade 1min and 30secs... it would be hard for you since you’re new to trading. I would actually recommend you to trade with 1h 4h and 1D but dont have to if your strategy is more on scalping.

[compact kettle]

need a channel to pin preferred settings in maybe

for various instruments

[covert narwhal]

^^ great idea

[compact kettle]

🙂

I'm still using 5,2,20 as per CarMillie

ONe of his suggestions, tried it and just been sticking to it

For equities

[covert narwhal]

On both 15 min and 1 min entrance ?

[compact kettle]

but he or she ( not sure which ) changes it up 🙂

Yes

[subtle gorge]

Been using that. Its great for forex as well

You just havr to be mindful with ur entrance

N exit

[compact kettle]

I'm using 5,2,20 for all time frames

[cerulean haven]

@subtle gorge , sure.

[covert narwhal]

I saw the down trend on spy today but I hate buying outs lol

[compact kettle]

yup

Same here

[covert narwhal]

Puts*

[compact kettle]

on puts, I rarely ever buy puts

vxx puts being the exception

I'm hionestly still stuck in bull mode

[covert narwhal]

Wish I didn’t need a membership on trading view for real time data Ezra

[compact kettle]

and have not entered anything since last week

[covert narwhal]

I like seeing price action level two

[compact kettle]

still tweaking and following suggestions from these various rooms

Real time data comes with the free TV doesnt it

I was using basic TV forever and was real time during market hours

[covert narwhal]

Not level two

[compact kettle]

oh

can you subscribe to get L2 ?

[covert narwhal]

Yeah but my trading platform has it so I have it next to tv

[compact kettle]

who do you use, IB ?

[covert narwhal]

TOS and Webull

[compact kettle]

Ahh, ya I do have some L2 free with TOS

[covert narwhal]

Yeah

[compact kettle]

emailed support last year to get live quotes

never funded TOS

heh

I neveropen that thinhg

[covert narwhal]

I use it for penny

[compact kettle]

Firstrade glitch free, cash account, free in and out

Not one outage since all other brokers freezing, crashing

[covert narwhal]

Yeah I had issue with both recently

[compact kettle]

yup

[covert narwhal]

When market opens we bull freeze made me lose some extra profit

[compact kettle]

I'm in another discord that uses TOS option premium scanner that they made a custom script for, scans and displays what's cooking but if TOS is acting up then it goes offline

[covert narwhal]

Hate it because money is money

[compact kettle]

but it's only money

😄

[covert narwhal]

Lol

[fathom pulsar]

We need an options play room same with forex. Where people can post there plays and post and the best adjustments to the algo what ever market there trading.That way new members can see results for them selves and decide and play and adjust there algo accordingly. Si or no?

[covert narwhal]

Si

[compact kettle]

Ja

[vagrant meadow]

@fathom pulsar that’s been brought up before but the issue admin have is people don’t stick to it. So the forex room becomes filled with stock traders, the stock room gets filled with futures etc. that’s why they just have the generic #696781587223937025 channel

[floral tide]

what time frame do you guys suggest for day trading options? i was looking at 5 min strong buy/sells and they seem to be accurate maybe half the times

[vagrant meadow]

@covert narwhal for equities default settings work fine on the 15m. My screenshot was 3.5, 1.56, 10

[covert narwhal]

Ty I was trying to find that strong sell on mine

[compact kettle]

and sometimes we talk charts in the vip hangout or vip support, hehe

[covert narwhal]

Woah that’s alot of strong signal

[tepid lily]

@compact kettle Are you Norwegian?

[vagrant meadow]

@covert narwhal you can increase the sensitivity to 3.9 to lessen it

I haven’t actually traded the 3.5 I was just tweaking the settings

[covert narwhal]

Oh okay

Thanks @vagrant meadow

[fathom pulsar]

@vagrant meadow i guess your right in a sense but i think it would help new members. even im still struggling a tweeking the algo. and another thing when i make alerts with the algo on hk time frams it will still give me alerts on candles. how do i fix this?

[proven violet]

what yall think about GBP/USD

[subtle gorge]

Daily support so im looking for a buy hu

But wont jump right away lol dont wanna go against dollar

[proven violet]

where do you see the daily support? isnt that the resistance

[compact kettle]

@compact kettle Are you Norwegian?
@tepid lily Heh, 3rd generation watered down to 25% Norse heritage

My real name is Eric

[tepid lily]

Ohhh

[vagrant meadow]

@fathom pulsar maybe they alerts got written twice? I’d check how many you’ve got and delete any unnecessary ones. You can’t tell which is which, delete all and just start over.

[compact kettle]

Used to have Eric on here years ago but changed it to something temporarily then went to put back to Eric and Discord said nope...

You Norse ?

[compact kettle]

https://www.tradingview.com/x/etj6vYHo/

Scanning back for fun - it took 25 years for the Dow to get back to where it was before the great crash Oct '1929 to 1955

[tough hull]

Hi im new to this and wondering whats the effect of soothing setting?

[crude herald]

Hi guys! i know strategies are personal.. maybe it's too much to ask but i'm quite new as a trader.. can i ask u what type of strategy i should use with lux algo?

[plain epoch]

@tough hull !resources

https://luxalgo.com/apps/help-center

you can find your answer there @tough hull

[valid imp]

What time do you take for scalping btc ? 1min, 3min or more ? What is the other best indicator for you ? thanks you

[astral leaf]

@compact kettle Hey if you don’t mind do you care to share the settings of ur algo and indiactor/guppy you use? My normal version is giving me too many false signals. If you can help me on this it would be much appreciated

[empty solar]

You need to change the settings per asset 🙂

[compact kettle]

@compact kettle Hey if you don’t mind do you care to share the settings of ur algo and indiactor/guppy you use? My normal version is giving me too many false signals. If you can help me on this it would be much appreciated
@astral leaf I'm using 5,2,20 on equities and seems pretty good on all time frames

[astral leaf]

Thanks buddy I’ll give it a go

[compact kettle]

BTW, that historical look back was on the monthly to get back to 1929

[acoustic pecan]

Any of y’all trading bitcoin?

[autumn jewel]

nop never did with btc

does it worth ?

[wraith relic]

I tried trading bitcoin last weekend, never found a good entry and traded some ether instead

[acoustic pecan]

Very risky but if u can find a good setup

Rlly nice

[wraith relic]

I’ll probably look into it more, reason I was trying it was simply because I get bored on weekends lol

[wild palm]

ether gang 😎

[acoustic pecan]

Who else combined their own strategy with lux to confirm they’re analysis 👁👄👁

Their*

[wild palm]

🖐️

me

i enter trades like a robot with lux

[autumn jewel]

haha

[hidden moss]

Hey guys. I am here since months now, but what I am still missing are channels where we can discuss how to setup Lux Algo best. Since it depends on what is trade, it would be great if we could have different channels e.g. "Swing Trading", "Scalping" etc. Just my two cents, but I would love it

[quiet merlin]

^agree - separate channels for different styles, they're both just too different to discuss on one channel. I do both depending on market conditions

on another note, does anyone trade most markets and find TA to be particularly better on either of them? e.g. crypto, stocks, forex, etc - does TA seem to work better or worse on either one of them? I've traded crypto for a while, but find my TA on stocks more predictable lol, even though I don't trade it (yet). I may enter it soon but I already have my hands full

[ebon fog]

Ba reversed on me. But I'm up 15% today

Thanks homies. Insanely useful tool

[mild bloom]

Couple questions for you guys. I’m new to trading crypto and forex. Been trading stocks for the last few years.

For those who trade forex in the U.S. what platforms do you use?
What strategies do you have?

For those who trade crypto who do you use? Been looking into coinbase pro but the fees of .5% on both sides of selling and buying make it hard to scalp profit.

[wild palm]

FTX.com for crypto

zero fees on converting crypto's and no maker fees all 2020

0.07% on takers

[frank geode]

IronWaffle#0439 has been warned

Reason: Bad word usage

[night aurora]

Interested in any strategies that are working. No luck here

[empty solar]

Well before Lux did you have a thing that worked?

That you could profit off?

And what timeframes and assets do you trade?

[night aurora]

I used to make some money trading HA candles on M15 using just MAs. This seemed to work better

Or at least look better. US30

[empty solar]

So how exactly did you trade?

Just MA crossovers?

[night aurora]

If they had crossed, and MACD was in that direction I would take the trade

[empty solar]

Well - what i'd suggest is this:
That strategy isn't really consistent normally. You could maybe check lux on the 1-4h timeframe to confirm the main direction and then go down to the 15m and use your style if Lux agrees

[night aurora]

Is LUX not intended to be used on its own?

[empty solar]

Nope not at all

It's a tool 🙂

[night aurora]

Ah

[empty solar]

signals are for confirmation

Following signals blindly is not a good idea 🙂

[night aurora]

So I've found.

Guess back to the drawing board for a system

[empty solar]

You could just use lux to confirm your older system 🙂

That could work quite nicely

[night aurora]

Thanks @empty solar

[last lodge]

But how can strategy or system work with heikin ashi? if candle are diferrent for engulf or pinbar ? or double top/bottom pattern

[proper maple]

Gotta love a quick Elon pump 😂

[elder grail]

Did you use Lux indicator to in or out?

Anyone have success with the 1min chart setting?

[empty solar]

Before Lux could you trade the 1m?

Profitably?

[covert narwhal]

GBPUSD one hour chart look like a nice sell. Waiting on a good entry now.

[elder grail]

I'm a scalper also new to trading, so still learning. but i since i want to get in and out quickly, 1min is what i look at. And no not consistent in profit

That's why i'm always trying to find my footing

[last lodge]

But how can strategy or system work with heikin ashi? if candle are diferrent for engulf or pinbar ? or double top/bottom pattern

[quiet merlin]

scalping is very difficult if you're new to trading

[empty solar]

the 1m is the hardest timeframe to trade

@last lodge Just use normal candles if you want

[elder grail]

SO which timeframe you recommend?

[quiet merlin]

I am profitable now but I've been learning for about a year, and scalping still fries my brain lol

[elder grail]

I am profitable now but I've been learning for about a year, and scalping still fries my brain lol
@quiet merlin so which method you use and which timeframe?

[hidden moss]

Hey guys. I am here since months now, but what I am still missing are channels where we can discuss how to setup Lux Algo best. Since it depends on what is trade, it would be great if we could have different channels e.g. "Swing Trading", "Scalping" etc. Just my two cents, but I would love it
@hidden moss @empty solar What do you think about this? Could this be realized?

[empty solar]

The thing with channels is no one sticks to them

Like people talk in testermonials

Otherwise we would love to

[warped nova]

Patience pays off. Classic short on PYPL

Same with FB

[hidden moss]

The thing with channels is no one sticks to them
@empty solar Do you see another solution to realize that? I think especially for beginners it could also be very interesting, how to setup and use the LuxAlgo for their specific trading style which they have chosen

[empty solar]

I have an idea but will have to talk about it with Mack. We could have some extra discord rolls for certain verified members

Who are consistent profitable trades and just let them share in there

[uneven spear]

we can have a call as well where we can share the strategies

like weekly call

[autumn jewel]

u should try lux calls with tesla

it works pretty smooth now

[empty solar]

Yeah lux historically loves tesla

It's our fave asset

[wild palm]

tesla signals? you mean elon tweets 😉

[empty solar]

Shhhhh 😉😉😉

[autumn jewel]

https://gyazo.com/9f5c447fd4e66684432bc5be08a4656a

[uneven spear]

i have been consistent with amzn

like 200 quick in out

follow trend

thats it

[hidden moss]

I have an idea but will have to talk about it with Mack. We could have some extra discord rolls for certain verified members
@empty solar Thrilled to see that!

[median whale]

i have been consistent with amzn
@uneven spear how

[uneven spear]

1 min chart

options with amzn

[naive portal]

dang i thought you were talking equity! 200 shares of AMZN is pretty strong!

[uneven spear]

200$

not shares

I am going to try with shares next week

what I have learnt is you dont need to be emotional or greedy

just take the profit and walk away

dont wait to see how much you can make in one trade or day

[empty solar]

For sure akshay 😄

[naive portal]

agreed! And AMZN usually has nice, several point bounces. In and out scalping can be pretty profitable if the timing is right

[uneven spear]

yed

yesterday, it went almost 150$ down

that means almost around put call would be making 10000$

but yes, stick to the rules

[naive portal]

👍

[uneven spear]

this are the support and resistance that I have marked already. Every weekend do this for the most volatile stocks

and you will avoid taking opposite direction trade

whenever the price comes around green line

[covert narwhal]

@uneven spear How you get the volume on there ? red & white

[uneven spear]

I wait for the volume to come in

[covert narwhal]

what's the instrument call ?

[uneven spear]

@covert narwhal i didnt get you

this wont be true all the time

but yesterday amzn already had resistance around 3440

and then it reversed from there

[naive portal]

Yep, good stuff!

[covert narwhal]

@uneven spear

That instrument what is it call to add on the chart?

[wise zealot]

it's just a simple volume indicator

[elder grail]

@uneven spear I'm also using 1min to scalp, i trade options. Just quick in and out trades. I looked at volume and price action to determine me entry and exit. Right now i'm still adjusting my Lux setting to fit. Do you have Lux setting that works best for you for 1min?

[covert narwhal]

K

[uneven spear]

5 2 20

[crystal verge]

Hello everyone does anyone have a good setting for DAX on the 15min I'm trying default settings now for Sensitivity,Agility,Smoothing

[uneven spear]

@elder grail is there speicific analysis you do?

most of the time , price action i use. I dont much depend on indicators. Just lux and TA

[elder grail]

Yea for me it's price action and volume right now. But would like Lux for confirmation. Still playing around with settings for 1min

[warped nova]

@uneven spear Jimmyn Christmas! that is a lot of signals

freaking me out man

[naive portal]

Where do you see the next support for AMZN?

[uneven spear]

3094

[naive portal]

thank you! Big yank there!

[uneven spear]

it did respect that line

[limpid hedge]

What do you guys mean by price reaction?

[uneven spear]

most of the stocks follow same resistance and support

so price action is to analyze support and resistance

and wait for it to break with high volume

[elder grail]

good explaination Akshay

[floral tide]

What settings do you guys have for scalping options?

for the sensitivity and others

I was going through past strong signals and seems like only 40-50% of them are winners

Maybe I need to change my setting

[uneven spear]

5 2 20

[atomic flint]

The currencypairs from the Forex Scanner - why are they seemingly off - like it tell me to sell but when you look at chart it is a strong buy or buy

what is the deal?

[autumn jewel]

yeh noticed too on nvidia

ended up with -12%

and it was obviously strong buy

[atomic flint]

the scanner is not trustworthy

[uneven spear]

Scanner is little off

Yesterday it gave buy for Amazon

and it was falling

and today kept getting low

[empty solar]

!visible

[frank geode]

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".

[floral tide]

5 2 20
@uneven spear Do you use 5 min timeframe?

[old badger]

For forex trading what time frame is best?

[analog onyx]

For forex trading what time frame is best?
@old badger I always recommend using higher time frames, the lower the time frame, the more you will be affected by the spread. I mostly use 15min tf.

[vagrant meadow]

@uneven spear the issue with taking AMZN calls when it alerted a strong buy yesterday is a quick look at momentum would’ve IMMEDIATELY told you not to go long. Plus the Nasdaq has struggled all week while the tech rout continued.

@autumn jewel what timeframe on NVDA? The 2H strong buy on 9/9?

[autumn jewel]

From today

[vagrant meadow]

What timeframe

[autumn jewel]

2h

Same for Amazon and nvda

[vagrant meadow]

Nvda didn’t have a strong buy on the 2H today, according to the scanner.

Neither did amazon.

On the 2H, anyway

[ocean snow]

hey @vagrant meadow do you use the equalizer band as well?

[ornate olive]

How time it's take for new update?

😉

[thin trail]

will definitely be a update soon - i’d say a week or so

[vagrant meadow]

@ocean snow the new template I’m running does not. But my original 15/5 day trading template did

[wooden bloom]

Wow ! didnt follow lux algo and went with my gut and a shitty TA, guess who won?

[empty solar]

💔

[rancid moat]

yo! Which settings do you guys suggest for BTCUSD?

[vagrant meadow]

@rancid moat try 6.85, 1.89, 27. Also look up Faares Q on YouTube, he is a Lux affiliate. But he trades BTC & those are the settings he shared on a video. Unsure about timeframe you’d have to see. But hopefully this is a start. I don’t trade crypto or forex so I’m not much help

[calm pivot]

Anyone use the 1H chart? Using it on the following pairs.

Following settings

Recommendations on the 1H settings?

[rancid moat]

thanks guys

[rapid wraith]

Hey all, new to the group. Is there a way to screen on daily or weekly charts for what might be a strong sell or buy?

[thin trail]

Not exactly per every ticker @rapid wraith

but

!list

[frank geode]

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!

[thin trail]

!scanners

[frank geode]

Everything you need to know about our Automated Market Scanners in Discord: https://luxalgo.com/apps/help-center#!hc-automated-market-scanners

[wild palm]

@thin trail HT still showing strength 👀

[thin trail]

honestly looks the best across the whole market lol

[wild palm]

Right?!?

It's weekend and volume is lower... So not anything crazy yet

[hushed wharf]

Is it possible to keep the same version if that’s your choice or are you forced to update?

[limpid hedge]

@vagrant meadow Could you please tell me what is your process to define if a signal is good or bad for scalping. I believe you said that you are watching the 15min for a trend and 5 min for an entry. How to you choose your entry one you get an alert on the 5 min chaart?

[raw pivot]

Ok

[quiet merlin]

I'm finding the "bulls/bears" in control in the dashboard pretty helpful at the moment. Still working out a strategy and refining it, but if I flip through 5-15-1hr charts and find them all to be in agreeance I have taken some good scalps. I'm still tweaking the sensitivity but finding 5.2 a good one for cutting out noise . mainly trading alts on binance perpatuals at the moment

the lower the time frame, the lower the %. on 1 min it says bears by .20%~, but on 5+ min it says bulls by 8+% etc . currently on bnb/usdt

[azure wadi]

Can anybody help me with a crypto trading setup in 15m chart?

[quiet merlin]

yeah dude I can try -- still testing it out but found a few helpful things like what I just mentioned. What exchanges/pairs are you trading ?

[azure wadi]

Looking for algobtc

In the past I was trading only on trendlines

But want to try LuxAlgo

Struggling with right settings now

[quiet merlin]

how much TA do you know without lux? because its supposed to be used a confirmation, not to depend on

[azure wadi]

I want to use it for confirmation on my TA

[quiet merlin]

are you trading on binance futures?

[azure wadi]

Just spot

[quiet merlin]

I see. I don't like spot because you can't set tp/sl until the trade is executed, which is dumb af on binances part

[azure wadi]

If I look at this it gives no confirmation at all

Beter to trade on own TA when macd in higher time frame is bullish for long trades

[quiet merlin]

post a tradingview chart

i'll have a look at algo on my end

[quiet merlin]

what do you mean its giving you no confirmation?

[azure wadi]

Now it does

[quiet merlin]

okay cool. How I'm using it currently is looking at 5-15-1 hr and seeing if bulls/bears are in control. At least thats how I think it works. If they do, I go to 1min/5min then look for an entry , in your case a short

*activate the dashboard in the settings

[azure wadi]

I think I just found it

I’m looking back on every trade LuxAlgo gave me

100% winners

On 1HR timeframe

Least was 3,8%

Alert on strong > back to 5 min time frame

Draw your trendlines

BOOM

[quiet merlin]

so far so good, been trying to find a few different ways to use this tool. not perfect but I have managed to find a lot more trades quickly rather than charting up a bunch of different cryptos

[vagrant meadow]

@limpid hedge this is how it went Friday. The bottom indicator is a 15m MACD (momentum). I never trade against it. Once I see the bearish cross I know it is in a downtrend. Lux Oscillator flips red, and I get a strong sell. That’s my entry to go short. The green/red line you see is a Hull MA set to 26.

@limpid hedge here’s an example closer to what you asked for. 15m MACD crosses bearishly. Lux oscillator turns bearish, but price spikes up breaking the equalizer band causing it to give me a strong buy signal. I wouldn’t (and did not) have taken this and look, price didn’t hold up. But if you had taken the strong sell afterwards you would’ve profited

[keen thunder]

@limpid hedge this is how it went Friday. The bottom indicator is a 15m MACD (momentum). I never trade against it. Once I see the bearish cross I know it is in a downtrend. Lux Oscillator flips red, and I get a strong sell. That’s my entry to go short. The green/red line you see is a Hull MA set to 26.
@vagrant meadow what's the name of the bottom indicator in tradingview? Is that provided by lux or one you found? Macd something

[vagrant meadow]

Go to the public library, it’s named “MACD custom indicator” creator is Chris Moody. I edited the appearance. It’s also open source if you want to edit the SMAs to be EMAs which I did.

It’s the 2nd most liked indicator so it’ll be close to the top

[keen thunder]

Ok great thanks and what setting are you using for lux algo? Your setup is nice and clear without noise

[vagrant meadow]

This exact one is 5.87, 2.16, 50. Equalizer band enabled @keen thunder

[steady tinsel]

what's your focus for the upcoming week?

gbp and gold will be a wild ride.. although i'm a little scared touching gold this week, we'll see monday

[faint bronze]

@vagrant meadow can u elaborate on your hull moving average settings...mine doesn’t look like yours, mine only has one color option and is not as wide sweeping as yours. What other settings do u have to allow it to change colors from red to green?

And be wide sweeping?

Yours looks like a trend changing MA

[vagrant meadow]

Use HullMA by huyfibo @faint bronze

26 measures current trend & then you can add a second, set it to 100 to measure an overall trend if you wanted to

[faint bronze]

@vagrant meadow ok found it. Thanks!
This additional confirmation really helps.
Do you have any recommendations for LuxAlgo settings for a 15M chart? I’ve played around with a few different ones and can’t seem to get a setup that is optimal!! I would appreciate your thoughts. Thanks

[vagrant meadow]

@faint bronze for equities?

[faint bronze]

@vagrant meadow I like trading NQ1! Futures

It pays $20 per contract per point. And it moves quite a bit!

[vagrant meadow]

At a quick glance I’d start at 5,2,20 & tweak from there. I haven’t traded futures for sometime now but I can see where it picks up a lot of the big moves. Couple scalps here and there too.

[limpid hedge]

Is the oscillator on your default settings?

[vagrant meadow]

No it’s set to 100 @limpid hedge

[limpid hedge]

Ok, I will add this new indicator and take a look. Thank you so much for the explanation

[vagrant meadow]

For sure. Always here to help. Just be sure to “@“ me or DM me as a lot of times questions get buried in here

[wild palm]

crypto looks ready for a big move

everyone go vote at your local exchange

[thin trail]

scary

do or die imo

actually nvm

i think it could very likely do nothing for a while lol

[wild palm]

Mack: PANIC! nvm.

[thin trail]

LOL

ive been looking

i have reduced size on everything and am just waiting

kinda panicked but idk

i was lucky to have reduced size before the real drop that happened somehow

[wild palm]

my daily charts say sideways for now but the 4hr looks like a pullback is near

reducing is definitely the smart option for now

BTC cant seem to make up its mind with $10k

[vagrant meadow]

@faint bronze try 4, 1.9, 20

[glossy pulsar]

@vagrant meadow would of caught a heart attack for that spike

[vagrant meadow]

Oh yeah lol

[astral leaf]

BTC cant seem to make up its mind with $10k
@wild palm looks like 9k incoming imo

[wild palm]

mhm

i dont trade or hold btc currently but the market is due

[faint bronze]

@faint bronze try 4, 1.9, 20
@vagrant meadow I like those settings! I’ll try them out this week and see what happens. Thanks!!

[compact kettle]

ya'll trading fractional on btc ?

[vocal bough]

Thanks @thin trail Lightning speed response. Just paid 5 minutes ago.

[thin trail]

enjoy!

[vocal bough]

😋

[wild palm]

https://www.tradingview.com/x/0ipbXMgk/ another retest 💤

👀

https://www.tradingview.com/x/TRmGl7wS/

[scarlet mantle]

it took me one month with Lux to realize the band is sexy

[wild palm]

all i really need is the band for my strat everything else is just complimentary

band is GOAT

lux has been absolutely killing it this week 💯 i cant thank the team enough

[empty solar]

❤️ Pleasure sir

[ripe pine]

@wild palm are you talking about the oscillator?

[wild palm]

https://www.tradingview.com/x/JdmmZ6qm/

the white band behind the candles

[ripe pine]

oh ok. nice. im new so im still learning.

[wild palm]

not a problem 🙂

[compact kettle]

@wild palm - would you say using the band is pretty fool proof ?

I mean obviously nothing is completely fool proof, heh...

[wild palm]

its foolproof in the sense if theres buying/selling action and you follow the trend, good chance you win

i find the band is essential for crypto

i only enter off the band

like when price exits

https://www.tradingview.com/x/yO1Cz4un/ these are all amazing setups

[thin trail]

!eb

[frank geode]

Read all about it here: https://luxalgo.com/apps/help-center#!hc-using-the-equalizer-band-1

[thin trail]

the band is essentially there for additional confirmation

it can be a “safer” more efficient way to trade trends

[scarlet mantle]

the way im looking at it is i only trade with the band, look for trend and pull back to 9 ema then when candle closes in direction of trend after a doji or something enter hard with stop at swing. pretty powerful from my studies today. Then you dont gotta worry about ranges and all that (as much)

[wild palm]

thats similar to what ive been doing live the last two weeks or so

been really consistent so far

plus i find if you add a longer time frame, say 1D/4hr and trade on 1hr to match trends youre unstoppable

[hushed wharf]

What do you mean add a longer time frame? @wild palm

[long cove]

@thin trail , what timeframe and settings are you guys using on the BTC twitch feed?

[thin trail]

5s chart

6+ sensitivity

just for demo purposes to show it's non-repaint and such

make sure to read disclaimer on https://twitch.tv/luxalgo

[long cove]

@thin trail , great thanks!!

[compact kettle]

OK, I'm just trading equities but I'm sure the band applies well to all instruments...

[flint hornet]

is it adviserable to trade currencies on in there sessions

[glossy pulsar]

I do

[flint hornet]

cuz I was trading a pair and it was not in it's sessions and I didnt do well

[glossy pulsar]

Also trade with the session bro

For example audusd also move nice around the Asian session

Gbpusd move pretty good around London And New York session

[lucid scarab]

I’m starting to get into Forex and I’m looking for someone who can mentor me a little bit? Do y’all recommend any?

[subtle gorge]

Start from basics, Follow Instagrams,Join their free telegram (other servers has value others r just pitch) Watch more youtube daily, Find your strategy and backtest it for countless hours

[scarlet mantle]

@lucid scarab you can look to NNFX on YouTube for algo tips and insight into money management and psychology

[lucid scarab]

okay thank you @subtle gorge @scarlet mantle

[arctic atlas]

To everyone who's been using the algo for a few months or so - what extra filter/indicator have you found to make your system a lot more profitable?

Thanks!

[swift root]

Is there referral/affiliate links for us to share?

[thin trail]

!affiliate

[frank geode]

Sign up to be an affiliate for Lux Algo: https://luxalgo.refersion.com/?oid=74006

[thin trail]

@swift root

[vagrant meadow]

@arctic atlas the equalizer band, Lux oscillator, percentile nearest arrays, MACD, rsi, moving averages, OBV, DMI

[flint hornet]

hey @vagrant meadow what other do you use w Lux?
/\

[vagrant meadow]

Currently MACD & SMI. I keep 6,12,50 EMAs & Hull 26, 100 MAs disabled but I can have them as a confluence if needed. I’ve also got the new indicator added: percentile nearest arrays

[flint hornet]

and with LUX too??

[vagrant meadow]

Correcto

MACD, RSI/SS,SMI, 6,12,50emas, 26, 100 hmas, obv, VQI are the indicators I was taught about when I took my course. So I keep them at bay for reference if needed

[flint hornet]

dammnn thats a lot of indictaors

[glossy pulsar]

more indicators better conformation

[compact kettle]

Forgot the Trump Twitter feed indicator...

[glossy pulsar]

ok

[vagrant meadow]

I don’t have them pulled up all at once by any means. That’s just what he taught me.

[ripe pine]

what are the best recommended settings for an intraday trader? looking at 1 min- 5 min charts

Thanks

[scarlet mantle]

5,2,20 is a good start

[flint hornet]

yea, imma abt to start trading by sessions

[hidden moss]

Currently MACD & SMI. I keep 6,12,50 EMAs & Hull 26, 100 MAs disabled but I can have them as a confluence if needed. I’ve also got the new indicator added: percentile nearest arrays
@vagrant meadow is this good for which one? Forex, indexes or stocks?

[arctic atlas]

MACD, RSI/SS,SMI, 6,12,50emas, 26, 100 hmas, obv, VQI are the indicators I was taught about when I took my course. So I keep them at bay for reference if needed
@vagrant meadow thanks for the reply! Will give them a try 👍

[frozen oasis]

Hi everyone. Still trying to have a set settings for Forex, Stocks & Crypto and seems that the algo is most accurate for Stocks & Crypto. Someone notice it too ?

[vagrant meadow]

@hidden moss because it measures price, momentum, volume and volatility it’s universal.

[hidden moss]

@hidden moss because it measures price, momentum, volume and volatility it’s universal.
@vagrant meadow thanks... and how you confirm signal with the hulls?

[vagrant meadow]

@hidden moss HullMAs are just confluence. I set one to 26 & one to 100. Think of it like measuring a bigger timeframe & entering on a shorter one. If the 26 is bearish & 100 is bullish you’re likely going to get some shop. Price breaks above the 26, flips bullish AND the 100 has stayed bullish, pretty good indication that the trend is ready to make another leg up.

[hidden moss]

And related to time frames, you look into 5 and confirm with 15 still?

[vagrant meadow]

The green/red is the 26, blue/orange is the 100. Here are two examples of the 26 catching up to the 100

IMO they’re not perfect by themselves. But they add great confirmation if you’re hesitant on if something is a retracement or reversal. Because the 26 will measure everything but the 100 will filter out pullbacks.

Kind of like the 50ema right. Bullish above, bearish below. But the 6 & 12 will be more sensitive.

[hidden moss]

Thanks a lot @vagrant meadow will continue making my head around all this

[pulsar moon]

@hidden moss SMAs are lagging indicators so price falls first then SMAs move later. So I would be careful while using SMAs. On the other hand if you use MACD then its a leading indicator that means strength or weakness is shown first on MACD then price move up or down. If you combine LUX Algo with MACD and RSI then it will give you lot of confidence. So this is what I use MACD cross over happens from below and RSI is near or above 60 and Lux algo shows Buy or Strong Buy. For short, MACD crossover happens from above and RSI is below 40 and Lux algo shows Sell or Strong Sell. I use 15 min for intraday, 2h and 4h for short and 1 day for long term.

[compact kettle]

Saving this ^^^

Great info guys !

[pulsar moon]

👍

[hidden moss]

@hidden moss SMAs are lagging indicators so price falls first then SMAs move later. So I would be careful while using SMAs. On the other hand if you use MACD then its a leading indicator that means strength or weakness is shown first on MACD then price move up or down. If you combine LUX Algo with MACD and RSI then it will give you lot of confidence. So this is what I use MACD cross over happens from below and RSI is near or above 60 and Lux algo shows Buy or Strong Buy. For short, MACD crossover happens from above and RSI is below 40 and Lux algo shows Sell or Strong Sell. I use 15 min for intraday, 2h and 4h for short and 1 day for long term.
@pulsar moon for forex, index, stock or all?

[pulsar moon]

I never used for forex.. but these are basic concepts of technical analysis and as per my knowledge they work in all types markets. I mainly use for index and stocks. Best way to try this strategy is to manually backtest this.

Open up any chart in TV add Lux algo, MACD and RSI. Find all crossovers take one for example, look at RSI check what signal lux algo generated. Follow that until you see lux algo opposite signal or MACD opposite crossover or RSI goes below/above mentioned level in strategy. Calculate the profit.

[hidden moss]

Open up any chart in TV add Lux algo, MACD and RSI. Find all crossovers take one for example, look at RSI check what signal lux algo generated. Follow that until you see lux algo opposite signal or MACD opposite crossover or RSI goes below/above mentioned level in strategy. Calculate the profit.
@pulsar moon thanks a lot will check

[analog onyx]

Hi everyone, how is your weekend going?

[thin trail]

https://tenor.com/view/crickets-chirp-chirp-gif-5280278

Lux chat on weekends

[empty solar]

I'm off to get some sushi today 🙂

I'm leaving my computer for the first time in weeks

[wild palm]

sushi is great, enjoy

[ripe pine]

is there a way to set up notifications on signals triggered for a watch list?

[analog onyx]

Lux chat on weekends
@thin trail Gotcha, I won't ask again on weekend's

[thin trail]

oh no haha its ok its just in general vvvv quiet

becuase most people trade

@ripe pine - there isn't compatibility on TradingView to do screening for your watchlist with Lux signals - but you can set alerts individually per each ticker on your watchlist for specific timeframes

!alerts

[frank geode]

How to set up alerts in TradingView: https://luxalgo.com/apps/help-center#!hc-how-do-i-set-up-alerts-on-tradingview-1

[ripe pine]

thank you mack

[thin trail]

no prob!

[ripe pine]

how do i set up a alert that notifies me when its a strong buy?

or strong sell

[thin trail]

You can specifically select Strong Buy while setting any alert per that tutorial i linked above ^

[ripe pine]

ok checking it out now. Thanks man!

[rancid moat]

@hidden moss which type of traders use the SMA’s? if it’s lagging.. just wondering

[blissful halo]

Hey guys, small question:
I trade US30 and SP500 on ICmarkets, with MT4.

But I like to trade these directly from Tradingview with live datafeed.
Shure there are some brokers to choose from, but what is a good one for EU customers? Anyone could suggest me a good one?

My ICmarkets True ICN data has more detail them the OANDA from Tradingview

[hidden moss]

Open up any chart in TV add Lux algo, MACD and RSI. Find all crossovers take one for example, look at RSI check what signal lux algo generated. Follow that until you see lux algo opposite signal or MACD opposite crossover or RSI goes below/above mentioned level in strategy. Calculate the profit.
@pulsar moon when you say macd crossovers, what you mean exactly?

Oh I see i guess the crossing if the lines

[pulsar moon]

MACD Crossover means MACD line (blue color on tv by default) crossing signal line( orange color on tv by default) Price will go up if MACD line(blue line) crosses signal line (orange line) from below and Price will go down if MACD line crosses signal line from above.

[hidden moss]

Right... what values you use for this macd?

[pulsar moon]

12 26

Fast 12, slow 26

[hidden moss]

Correct

Thanks a lot

[pulsar moon]

Happy to help.

Also keep an eye on histogram of MACD (green red vertical columns) that will give you confirmation about price movement.

[vagrant meadow]

@analog onyx mine is good. Taking it easy today at the house. Playing some games with my son while my daughter naps. Then who knows, maybe off to a park or something to enjoy the 80 degree day, then I’ll wrap up the evening with some TradingView & note taking. Hope you’re enjoying your time too 🤗

[compact kettle]

Portland, dense smoke/fog advisory still, fires very close, Oregon on fire 😦

Otherwise I'd be out loony hiking

[vagrant meadow]

@compact kettle you live in Oregon? I just saw a collage of photos from there on Facebook. It’s insane.

[compact kettle]

yes sir

or ma'am

sorry not sure which

[analog onyx]

@analog onyx mine is good. Taking it easy today at the house. Playing some games with my son while my daughter naps. Then who knows, maybe off to a park or something to enjoy the 80 degree day, then I’ll wrap up the evening with some TradingView & note taking. Hope you’re enjoying your time too 🤗
@vagrant meadow Currently coding indicators, let me know if you have a suggestion :)

[vagrant meadow]

sorry not sure which
@compact kettle sir 👻

[glossy pulsar]

Wow trading view finally fix their ugly layout on mobile but I’m liking it so far

[vagrant meadow]

@analog onyx VQI & VPT_OBV aren’t available anymore which is unfortunate. VQI was written by a guy named Lazy Bear. Don’t remember who wrote VPT_OBV.

They’re great but the volume one would randomly go flat and VQI was hyper sensitive so it definitely caught the big moves but it measured every little bump it felt like

There was a guy on here showing off his Ninja Trader stuff. He used renko bars with a delta meter. Hopefully he’ll see this and hop on here and explain better

[wintry pine]

I have a lot to learn ... I’m just starting with lux algo , but I need to understand when I have to leave a trade... what is the best to do now?

[fierce lance]

Good afternoon from New York. Hope all is well

[fierce lance]

Currently looking At GBPUSD... Maybe has more Downfall to it. Retrace is Necessary.

[night condor]

Hey gang how do I set this up on trading view ? To pull up the green and red boxes like that to do consolidation breakouts

What the signals or indicator called

[empty solar]

It's just the drawing tool on the left

[night condor]

No I’ve seen where is has the amount to place trades at too ..

And u adjust the boxes ?

It’s not a simple add on ?

Here one sec

[wild palm]

if youre referring to the R:r on the position drawing tools

[wild palm]

its somewhere in tradingview settings

[night condor]

Like that one

[empty solar]

Yep it's the drawing tool on the left

[night condor]

Yes .. thanks u

[wild palm]

@night condor im looking right now im not sure how to change position size and r:r

[night condor]

Mmm I don’t have tjah list

[wild palm]

you mean this right?

[night condor]

Got it

Thank u ....

[wild palm]

np 🙂

[ionic hare]

Who use the algo for HFX

??

[limpid hedge]

@vagrant meadow could you please tell me the settings for your MACD and which exact MACD indicator do you use. It does not look like the regular MACD

[vagrant meadow]

@limpid hedge you can use the built-in if you want to since TradingView indicators support mtf now. But the one in the screenshots is one by a creator named Chris Moody, if you go to the public library it’s the 2nd most favorited indicator

[limpid hedge]

@vagrant meadow I found it but can't figure out the settings. Could you please send me a screenshot of your setings ones you have time

[vagrant meadow]

@limpid hedge

[limpid hedge]

perfect. thanks

and for scalping, you are looking for green Oscillator and green MACD. Ones you have that you go to the 5 min and look for an entry. Did I understood your strategy for scalping correctly?

[sweet crow]

Boom I'm in! Hey new fam

[cloud pecan]

Does anyone here use LUX default settings or you just use your own ?

[sturdy edge]

Can you setup an alert to only alert “Stocks”? I do not want all of the other alerts, just stocks only. Thanks!

[thin trail]

you can mute the other channels @sturdy edge 👍

[hidden moss]

What currency market do you guys trade?

[ripe pine]

does anyone trade e mini es futures? with lux

[blissful halo]

There was a guy on here showing off his Ninja Trader stuff. He used renko bars with a delta meter. Hopefully he’ll see this and hop on here and explain better
@vagrant meadow That was me. It was a screenshot about a NT8 market delta volume with renko. What is your question?

I do not use NT8, I was looking for a simular indicator for TV. Did not find it yet

[hazy knot]

Alright so I'm setup for most part gonna get going on my laptop. I seem to have trouble seeing premarket right now its not showing ticker correctly. I did click extended hours.

Nvm I see how they display it my h

B

[hidden moss]

Guys, should i use heikin Ashi or candles ?

[empty solar]

You can use whichever you prefer

[hidden moss]

oh ok thnaks

[tough hull]

Hello any setting recommendations for indices at short timeframe(5-15mins)

[magic bay]

@tough hull 7.5 1.96 50

[fleet stream]

Mine are 2 1.9 20

[magic bay]

huh? @fleet stream

2.5 is the min

[fleet stream]

Sorry 😅

[magic bay]

🤔

[magic bay]

upside down "2" 🙂

[fleet stream]

@magic bay Short Target 13120?

[magic bay]

@fleet stream this is what I have

[wintry pine]

on what minute frame is this?

[magic bay]

15

safe!

[wintry pine]

ok

[magic bay]

perfect for day

[wintry pine]

so you let it trade for a day? or you take profits on the way?

[magic bay]

Generally let it run... if you look back in time you will see the general "theme"

You can nudge the SL along with it

[hidden moss]

@magic bay What is your ssettings and frame ? lol

[magic bay]

@hidden moss TF15

current 4.3 1.9 50

ideal for DAX

[hidden moss]

i only trade btc

[magic bay]

@hidden moss I'm old-skool 🙂

no BTC here

[hidden moss]

xddd

[magic bay]

sorry

[hidden moss]

its k !!

thanks bro

[magic bay]

I prefer Indices.... but I have "learnt" them and so it's what you're used to...

stick to what you know

[hidden moss]

yeah i see lol

[wintry pine]

@magic bay is this also for forex?

or do you use other settings?

[magic bay]

Well...

I also had a test run on CABLE today

seems fine

[wintry pine]

ok nice

[empty solar]

For each asset y'all will most likely need different settings, especially for BTC

[magic bay]

☝️

I don't touch BTC... Crypto-what?

😆

[empty solar]

Crypto 🤮😉

[hidden moss]

XDDDD

[magic bay]

I keep to Indices and "some" FX pairs... (the nice ones 😆 )

and don't forget to setup....

[wintry pine]

so if i want to sell dax can i do that or is that to late ?

[magic bay]

🤔

[daring jasper]

@magic bay is a legend, he helped me last week cant thank enough

[hidden moss]

and don't forget to setup....
@magic bay can you relate more on this? what algo settings you use and for what TFs?

[magic bay]

@wintry pine well... you "could" but what I would now do is wait for the US open

it will have a blip when it pops open for business

@hidden moss you need to setup alerts - unless you want to burn your eyes watching the screen... alerts will keep you sane!

@hidden moss TF15 4.3 1.9.50

@hidden moss

[hidden moss]

@hidden moss you need to setup alerts - unless you want to burn your eyes watching the screen... alerts will keep you sane!
@magic bay just gave strong buy 15 mibns ago in previous candle

[magic bay]

who did? @hidden moss

[hidden moss]

eurusd

[wintry pine]

witch settings can be used for the forex trading ? and witch time frame must i use to make some profits? im new here guys i hope i get some help...thx in advance

[empty solar]

Before Lux what timeframe did you trade?

And which pairs

[wintry pine]

always on the 1 minute frame and i trade with eur/usd; gbp/usd ; usd/chf; aud/usd

[empty solar]

You trade the 1m? And you were able to profit on that tf?

[wintry pine]

not exactly

that why i bought lux algo

because im a starting trader

[empty solar]

Yeah the 1m especially on Forex is basically gambling

People make trading the 1m look glamorous

It's not

You should try and stick with higher timeframes, just as much money to be made, less stress and easier really

[wise zealot]

not exactly
@wintry pine if you are starting, don't waste your time with m1. You are missing out the complete panorama that way

[wintry pine]

ok

[hasty echo]

@empty solar what settings do you recommend? I know, everyone trades different, but for a Lux beginner, what do you recommend? I think start with only 4h frame should be good, isnt it?

[empty solar]

Yes edelbims

For sure

4h is my personal fave

[hasty echo]

Something to change in settings else?

Sorry for hesitating, but I want to understand anything on it

[wintry pine]

@empty solar if i want to trade on forex , do you have some settings for me?

[empty solar]

@hasty echo you may want to play about with the settings to tune it for each asset

But default is a middle ground but you could probably find better for each specific asset

@wintry pine I'd suggest sticking with 1h+ timeframes. Settings are very assets specific. The way some users do it is adjust the settings until you like the historical performance of the signals

[wintry pine]

ok thx

[hasty echo]

What does extended trading hours mean?

Is it good to get it on or off?

[hidden moss]

You can nudge the SL along with it
@magic bay what’s your expected TP for this?

[magic bay]

For which?

[hidden moss]

Ger30

[magic bay]

Trading 1m TF is crazy

there is no control over direction

GER30 TP is at 13120

however, I am well in to profit and if nothing happens by 14:00 (UK) then I will exit

[hidden moss]

Sounds good

[magic bay]

Then let it work out what it's doing next and re-enter (most likely)

around 14:35-!4;45

14:45

13175 appears to be some light support

[hidden moss]

@magic bay Have you found decent settings that works well with Forex pairs?

[magic bay]

(ignore yellow line - that's my manual entry line

[hidden moss]

What are the settings here?

That looks good, not too many signals either

[magic bay]

5 2 50 for above

[hidden moss]

Alright, much appreciated

[magic bay]

back soon - I have a meeting

[wintry pine]

witch timeframe? 15 min?

[magic bay]

yes

only

[wintry pine]

ok

[quiet merlin]

I just adjust it until I start seeing the STRONG signals on major moves on certain pairs (different for each paid and time frame). I don't think theres any ideal setting tbh, just look back through the charts you're on and see where the signals appear and how valid they are.

I haven't really played with the agility section yet

[quiet merlin]

currently experimenting with scalping on ONT/USDT ...very volatile atm.

*on binance

its been pretty spot on so far and saved my ass from exiting a few trades too early at a loss. doing what I was doing before and checking to make sure all the small time frames say bullish even by a small amount (like .3% on 1 min, and higher percentage on 5-15m)... and making sure it doesnt get too close to the band. Works well. all default settings except 5.5 for sensitivity. If anyones in crypto please share your ideas

free money haha

atm anyway lol

[dense heath]

Guys wich european broker is good that can connect to mt4

[hazy knot]

Wow trusted lux on tesla paying off 👏 😳

You guys real mvp I'm so glad I joined this exclusive lil group

[hidden moss]

Me too lol

[hazy knot]

Fr fr you guys will be charging double in future when traders catch on

Lol

[white topaz]

If anyone trades options and has good setting could one of yall share the secret sauce?

[hazy knot]

Its alot to explain man

Better off with YouTube lol

[toxic jay]

DM me i can jump on a call with you later and help out if you'd like

[empty solar]

Hahahah thank you guys ♥️

[ebon fog]

10% gain today using lux. BA pulled a switcheroo on me but 2/3 trades ain't bad!

[thin trail]

nice!!

[hazy knot]

Welp in one day paid for membership im a frifgin believer 😌 🙃

Man forgot check NKLA and it went off look at lux again with the clutch

[ebon fog]

I switched from the small play account to the "real" account after like 2 weeks of testing. Only had one red day and it was because I got greedy. Lux has already paid for itself about 15x over and I bought the quarterly

[hazy knot]

Dude yeah I went in on tesla all leverage lmao

[ebon fog]

I just play options. Built in leverage lol

[hazy knot]

Sh yeah I need get on board with the new way lol 😆 😅 been slacking 🤦

[long kettle]

When will SNOW available?

[scarlet salmon]

its rare that Lux is wrong on the 1hr but it seemed to be here. Was following the strong sell on SPY on thursday (validated at 9:30 friday) but seemed to reverse as soon as I took action on it. What should I do to avoid this in the future? did the green candle on Fri 6:30 invalidate it or?

I think im cursed or something. today and past week almost every trend has literally reversed on me as soon as I got in

[empty solar]

!risk

[frank geode]

To learn more about Entries & Risk Management with Lux Algo V2: https://luxalgo.com/apps/help-center#!hc-entries-risk-management

[empty solar]

That may help

Entering when a candle breaks the high of a signal

Ohhh

The strong you mean?

[scarlet salmon]

yeah so in this case the candle broke the low of the strong sell thats when i got in

but there was only one further red candle after that

then reverse

this is kind of atypical considering its a 1hr chart

[empty solar]

Ahhhh if it's atypical sometimes it can make mistakes, were any oscillators exhausted?

Like the oscillator?

[scarlet salmon]

it doesnt look like it though

seemed like it still had room to go down

maybe my bad luck > lux

[ebon fog]

It's happened with me before @scarlet salmon. Try confirming with other charts. I try to confirm 5 minute with 15 and 30

[scarlet salmon]

its just weird its on the one hour though? usually its the other way around. 5m/15m confirms with 30 and 1 hr

i have to scroll back quite a bit on the SPY chart to see another example like this

maybe its just a sign i should never overnight options

[compact kettle]

Was the price under the equalizer band on 1H @scarlet salmon ?

[empty solar]

It would have been under

[compact kettle]

For instance, watching SQ on 15 -

[scarlet salmon]

yes

[compact kettle]

https://www.tradingview.com/x/Y8qIEghN/

Just getting over the eq band

Ya, I don't enter calls if price that far under eq

I'm using 5,2,50

SPY on hourly starting to improve but has a ways to go before getting over that eq band

[scarlet salmon]

yeah. doesnt mean much for my put tho. its still worthless lol

[compact kettle]

well today SPY cranking up , keep that put for FOMC meeting

although I'm not in

[hidden moss]

?

Or does this bot only uses the data from LuxAlgo? 😄

[ancient widget]

@hidden moss yes that's a knockoff version of Lux

[empty solar]

💔

[hidden moss]

But do they use their own algorithm? Just saw them on TikTok several minutes ago

looks very similar to LuxAlgo

[empty solar]

What they did is take some open source code and then copy features badly for example the candle colouring is done on a ma cross

Or you'll see the TP SL thing was copied

Or their EMA band is literally free on tradingview

There's been an increasing number of these

Which is why we now have another full time Dev to just try and get rid of people making knockoffs

[hidden moss]

I can imagine that. A growing business where everbody wants to be like the original LuxAlgo 🙂

[empty solar]

It's pretty sad for me personally. For example if I develop auto trend lines, they'd make a bad version by just connecting 2 points of random candles

[thin trail]

they're in trouble 😛

[empty solar]

We have some exciting stuff in the works. Also if ever you're wondering if something is a knock-off you can see the date the domain was registered 🙂

So you'll see they all pop up quite recent

[hidden moss]

Ok, but they are not able to see your code right. So it's a bad try to copy sth good into shit to sell it

[empty solar]

It's a bit like you buying a Lambo and your neighbor buys a fiat with a lambo body kit

And no they have no code

Or it's like a Chinese fake of an iphone

[hidden moss]

or it's like buying LuxAlgo on Wish 😄

[empty solar]

hahahahahaha exactly 😂😂😂

I love wish adverts

I got this add the other day

I mean what is this...

[magic bay]

👀

[hidden moss]

And to see it from a positive side: all this knockoffs proves that you are on the right track guys 🙂

[empty solar]

We try to make waves 😉🙂

And more coming of course

We have Alex who is the best of the best

https://uk.tradingview.com/pine-wizards/

You'll see him here 🙂

So we have the best talents to make the best product 😎

[wild palm]

pine wizard 🤣 thats awesome

[empty solar]

Hahahahaha yes sir 😎

So Alex is elite at what he does

[magic bay]

Not yet made it to the "Cocktail" 😋

[empty solar]

Hahahah it looks like it'll fill the glass 😉

[magic bay]

oh yes @empty solar it's more than half full <hic>

[hidden moss]

Not yet made it to the "Cocktail" 😋
@magic bay Do you trade options?

[magic bay]

@hidden moss I trade Indices, a few FX Pairs and now and then some stocks... but only if the former is not moving...

and I stay away from Crypto

[hidden moss]

You are trading indices because they are more likely to move? (volatile)

[magic bay]

Yes

[hidden moss]

Ok, but with Call or Put Options on the indice, right?

[magic bay]

Luckily in the UK we're able to Spread bet (no tax to pay)

I long and short indices

[elder grail]

TSLA is killing it today

[hidden moss]

I long and short indices
@magic bay Interesting. And you found out that this works for you best?

[magic bay]

I trained myself to - yes

and I enjoy Indices, so it makes it easier

[hidden moss]

And you are trading leveraged products to long / short indice? I am currently trying to find the best thing for me to trade, that's the reason why I am asking to understand what you are doing.

[magic bay]

yes, that is what I am doing

sometimes FX pairs get stuck in a range... Indices less so

and also they follow a pattern - so easy to analyse

LUX is part of my tool kit - but I NEVER fire blind

[hidden moss]

and you do it full-time?

[magic bay]

hmm... difficult to answer 🙂

Left screen is Lux, Middle screen is TV + Broker - Right Screen is... "work"

[compact kettle]

what knock off ?

[hidden moss]

Left screen is Lux, Middle screen is TV + Broker - Right Screen is... "work"
@magic bay haha, ok. Interesting. I am really curious if day trading is a thing to be able to live from it

[empty solar]

Never fire blind 😎

[magic bay]

That all depends on your circumstances...

Many years ago.... (in a galaxy far away) I was happy collecting £20 a day... knowing that I "could" trade 20 days a month... thus save up a rainy day fund

I lost some money - but put this down to... the cost of learning the business (rather than pay "someone" who... should never need to be paid).... so a cost of sale to me 🙂

rolling forward... having learnt a lot...

[hidden moss]

Learning from doing and your mistakes is the best thing you can do. So it's worth to pay.

[hidden moss]

So it seems you are a professional trader

[magic bay]

today's trade @ 2 lots since 8am

[hidden moss]

2 lots means?

[magic bay]

2 lots of DAX

lot size

1 trade @ 2 lots

[hidden moss]

This right? https://www.tradingwithrayner.com/course/5-what-is-a-forex-lot-size/

[magic bay]

I used to scalp a lot... and buy/sell constantly.... and really it messes with your head

I stick to TF15 usually but for newbies I'd say 1H, 2H, 4H

[hidden moss]

Why do you suggest a different timeframe for newbies?

[magic bay]

Less choppy... easier to follow the trend. Just while you're starting

[hidden moss]

Click https://us04web.zoom.us/j/6406293485?pwd=RXZ2N3hPTUxwUjg4Z2lrbHd2RWZ4dz09 to start or join a scheduled Zoom meeting

Join we can talk about forex

[hazy knot]

Who's all been playing tesla with me?

[scarlet salmon]

tesla seems to be really good plays on monday mornings. unfortunately i always end up missing my alarms on mondays 😦

gotta get better at sleeping earlier on sunday nights lol

[hazy knot]

I'm up for days for stocks man i go all out lmao

Its a shitty schedule 4am to 8pm

Not gonna lie lol

[night willow]

Hi everyone

[sly token]

balance this morning got stopped out twice but NAS went 👇🏽

[warped nova]

@empty solar can you tell me if the algo takes into account volume at all?

[empty solar]

No sir 🙂

As in nope

[bright wigeon]

Hi guys, does anyone in here trade stocks and have any particular settings please?

[warped nova]

@empty solar nope as in it does not take into account volume?

[empty solar]

@bright wigeon each stock would most likely need their own settings but tsla works v nice on default

And no vol

But some of the items in the script do

[bright wigeon]

Thanks @empty solar , what do you mean by But some of the items in the script do?

[hazy knot]

Man great start to week think im calling it a day

[hasty echo]

Just a short question. Your scanner is not scanning nas100?

[empty solar]

!list

[frank geode]

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!

[gray pewter]

TESLA TO DA MOOOOOOON

https://tenor.com/view/rocket-gif-10300477

[hazy knot]

Damn hour time frame was on point with Tesla damn lux algo wtf!

This is magic lmao

[autumn jewel]

haha 😛

[wild palm]

https://tenor.com/view/wizard-harry-potter-youre-awizard-im-awhat-gif-4760815

[autumn jewel]

https://gyazo.com/65828339de01ad686e894bffc2793316

i knew it 🙂

[hazy knot]

Haha well hope everyone saw green today

[sweet crow]

👍

[hazy knot]

Omg!!!!!!! TESLAAAA

[autumn jewel]

its going up so fast 😛

+11% for now

[hazy knot]

Its gonna keep going up all week

I bet

[autumn jewel]

wont sell yet

[hazy knot]

Nope day traded good bit now just holding

[gray pewter]

ANYONE HAVE ALERT SETTINGS?

[oak carbon]

Just sell when you get a sell signal

[gray pewter]

lmaooooo

[autumn jewel]

yeh thats what im going to do

+67bucks for now haha

[oak carbon]

I have alerts on 5 forex pairs and I just reverse my positions

I get losers,but they are nothing compared to winners

[autumn jewel]

https://gyazo.com/f351cc62b455ed0581b3659c2da363ab

[warped nova]

5 trades today. 4 wins, 1 loss. Main winner FB

[hot dock]

Tesla never fails to make the trading day

[hazy knot]

Yeeeet

[hot dock]

Did a dumb thing with an Amazon call today though, knowing Amazon likes to do me dirty. Still came out with a solid profit over all though

[empty solar]

profit is profit 😄

[hot dock]

True true. And can't complain about 20% 😋😋

Well. A 20% increase in my portfolio lol. Always a good thing!

[hazy knot]

Yes yes yes absolutely im small trader made 350 looking at 50 on swing

[hot dock]

I started out with 4k about a month ago. Pulled out 10k in profits already to cover the initial investment, and got my investing account back up to 15k today. I was way up but got hit super hard with a few calls the week the market corrected lol

Back on the profit track though

[hazy knot]

Hell yeah man thats friggin awesome!!!

[scarlet salmon]

^ nice. what timeframes are you using and how are you using Lux?

[hot dock]

So i just got lux last week, and have the standard settings for now. I haven't dug too much into the settings yet, I just use it as an additional set of info for making my call options

Essentially just swing trading for now until I get back up above 25k and can start day trading

[scarlet salmon]

yeah i dont usually swing trade because the market always goes the opposite direction for me the next day

i've found 5/15m the best for day trading for me

[wintry pine]

hey I'm from Belgium, and I'd like to find a broker for trading stocks, I'm currently at hugosway but they don't have stocks like SPY and NVDA..... Who can help me with this?

[covert narwhal]

Option IV always bite me in the ass

[hot dock]

Lol yeah. I've gotten decent at choosing when to go in on options. Ignored a few gut feelings and in hind sight if I wouls have took them I would be over 100k right now. But im more honestly using this as a learning experience and working towards long term knowledge and enjoying some profits on the way

I've found the 5d chart is much better for swing trading, as far as getting good signals goes

[covert narwhal]

^^ just got to find few stocks to scan

[winter kernel]

@empty solar how do I refer a friend to sign up for Lux Algo? Is there a referral credit?

[thin trail]

!affiliate

[frank geode]

Sign up to be an affiliate for Lux Algo: https://luxalgo.refersion.com/?oid=74006

[winter kernel]

Thank you

[hidden moss]

Essentially just swing trading for now until I get back up above 25k and can start day trading
@hot dock interesting and good to hear... what strategy / ticker for swinging?

[brittle basin]

balance this morning got stopped out twice but NAS went 👇🏽
@sly token wao, so Great

What its your setup?

[fierce lance]

Good Evening From New York. Hope all is well.

[hot dock]

@hidden moss honestly I've been sticking to bigger companies like tesla, nvidia. Microsoft. And the likes. Mostly just trading the news and taking my profits

[uneven spear]

I have been backtesting some strategies. If you scalp stocks, its better to keep extended hours on.

it will help you to avoid taking bad trades

[ocean snow]

is the linear regression line similar to trend lines?

[uneven spear]

if you take trade after strong signal within 2-3 candles, you could avoid bad trades overall

and if you have oscillator set to 100, it avoids many opposite trend trades

[ocean snow]

and if you have oscillator set to 100, it avoids many opposite trend trades
@uneven spear 100 for the length?

[uneven spear]

yes

[ocean snow]

luxe oscillator?

[uneven spear]

i mostly trade amzn and tsla, and this was my observation

[ocean snow]

word

i lost 1k last week on tsla

shit reversed quick

[uneven spear]

keep extended hours on

[ocean snow]

youre referring to the luxe osc?

[uneven spear]

in one minute charts

yes

[ocean snow]

you do options?

[uneven spear]

yes

[ocean snow]

yea me too

i also use pivot points

i wish it was a way for webull to integrate with tradingview

[uneven spear]

i use robinhood

but target taking is constant

200$

[ocean snow]

damn

seem pretty legit so far

it doesnt turn red at all until drop from what i looked at

you use 5 2 20?

[uneven spear]

yes

[ocean snow]

damn i might just marry you

[uneven spear]

hahah

[ocean snow]

less noise

[uneven spear]

yes

only works for me when my profit taking is not more than 500

[ocean snow]

thats cool

i like to scalp

i dont like boring trades

unless im swinging

but i cant sit in front of screen too long and watch lol

did you try it on swings?

[uneven spear]

no.

i cant sleep sound

with swing

[ocean snow]

yea like tonight

[uneven spear]

market always betrays me next day

[ocean snow]

i got stuck on some swings

hopefully im good in morning

[uneven spear]

yes

has anyone in this group tried stockmarket lab training?

[ocean snow]

no

[uneven spear]

it came in my feed in youtube

cannot trust as there are so many scams going around

[ocean snow]

you heard of that lance guy lol

blitz trades

[quiet merlin]

@uneven spear what do you normally ttrade bro? just stocks?

[uneven spear]

yes

only stocks

[quiet merlin]

I see, I'm trying to work out how to use the oscillator properly, doesnt really seem to help with crypto, the lines are still in the same place lol . I'm scalping some alt coins at the moment but its a bit too volatile because everything depends on bitcoin. lots of false signals from lux atm. But using TA to determine the MS on higher time frame, and then using lux for entries is effective so far

[uneven spear]

i never traded crypto

[quiet merlin]

should try lol

Okay I am working on some trading rules for crypto at the moment that seems to work. It works when it works. If it doesn't line up with the rules, then don't bother trying to trade because you'll just get false signals from lux . I'm still developing it to be more robust, but its working so far.

LUX TRADING RULES FOR scalping Binance/Futures

• Determine whether market is tradeable by determining if bitcoin is relatively stable, and not about to make any significant swings.

• Find a volatile alt/USDT pair on binance

• Determine daily trend, 4 hour, 1 hour

• Enable Lux dashboard, signals, EQ band, grey candles, support/resistance, and trade set up. Set sensitivity to 5.2, speed 2.1 (adjust to check where previous signals have appeared in appropriate areas before movements and see if they are valid).

• Determine on 5-15-1hr if bulls or bears have control. If all time frames are in agreeance with your TA (and the overall trend, it is tradeable).

• Do not counter trend trade and only take longs if its above the EQ band, and shorts if its below the band.

[magic bay]

Morning all...

Early entry Long on EURUSD this morning (dog woke me up... woof!)

[hidden moss]

Where do you guys see gold going?

[quiet merlin]

I'm looking for a small retracement then a possible push up from there. It broke out a triangle

https://www.tradingview.com/x/Dscb7DBp/

@hidden moss

[buoyant dagger]

Hey ansarp, thanks for the tips on that.

[fleet stream]

@magic bay woof woof 😋 Seems that Dax is turning I’m long for a little more than an hour . What do u think ? My suggestion is that it will rise again at 13300 . Then we will see if it breaks this or price falls again

[magic bay]

@fleet stream locked and loaded

[fleet stream]

Ok 👌🏻 we are at the same idea 💡

[magic bay]

it's all there

[gleaming cloak]

it's all there
@magic bay Hi. What is your Algo settings for DAX 15m timeframe?

[magic bay]

5 2 50 (although I play about with "5" and sometimes lower it)

how may forget to... setup...

Scarey candle 🙂

[gleaming cloak]

it looks like a false movement now, all stop loss killed from yesterday above 13230

[magic bay]

🤔 too early

[gleaming cloak]

is going to 13130 I think

[fleet stream]

Scarey candle 🙂
Yes 🥴

[gleaming cloak]

we have to wait for confirmation of reverse at S1 then

[buoyant dagger]

@magic bay do you mind if I ask what that glass and numbers are? I really like your indicators you use.

[magic bay]

@buoyant dagger the glass is just as it looks... it's a area I intend to TP... and "have a drink"...

the white line is some freaky thing I do with Renko

[gleaming cloak]

what about the numbers?

[magic bay]

Lux

[gleaming cloak]

sure, I remember now

[magic bay]

SMA Directional

freebie

saves having to add SMA's and messy charts

I don't like clutter 🙂

[hidden moss]

Gilksy, what other confirmations do you seek for?

[magic bay]

If the candles are above the white "freaky" line then usually I'm long

and short if it's below

[hidden moss]

What line is that?