💬hangout

[visual edge]

@hidden moss There is no better replacement than investing in yourself. Instead of giving it to a random person on Instagram, take that $1000 and buy trading books, study them, put in the time and work, there's no quick fix.

[hidden moss]

He also mentor and trade live in front of you in zoom, I am confused from whom I learned and I spent my hard work money bro

[nimble geode]

trade a sim account

[hidden moss]

Your mean paper trading

[nimble geode]

if you want a mentor find one thru groups, someone who helps you out over time, and you feel you are learning from

i am getting the idea you reallllllyy want us to tell you one of these guys is legit and you should do it

[hidden moss]

I already have live account but blown 2 account trying to learn discipline but market is evil you know reverse, So suppose there is a strong confirmation of buy. It goes up and then reverse. This thing is frustrating some time you are sure and it doesn't work in your favor

[nimble geode]

how long have you been learning?

[hidden moss]

From October 2019

[nimble geode]

think of it like law school or med school, dont expect to be making laywer money or doctor money till you have been spending as much time learning trading as they do in their schools

like 4-8 years

[hidden moss]

Paper trade for 5 months then came through live and blown until now 5 account

[naive blade]

the trick to not blowing up an account is sizing and stop losses

so many people will trade with mental stops but that will just burn you

[weak glen]

Start reading books. Here are some I recommend: The encyclopedia of chart patterns; Technical analysis by Gerald Appel; Trading Price Action (series) by Al Brooks; Long-Term Secrets to Short Term Trading by Larry Williams; Mastering the Trade by John Carter; The Art of Currency Trading (if you're into forex); Option volatility and Pricing (if you're into options)

That's just a start

[vagrant meadow]

@hidden moss I get the feeling you were never profitable and you’re reaching for the stars trying to find that perfect gem that’ll bring you home full time. It won’t happen. I can appreciate that you want to learn how to trade from a true trader. If you’re in the US I’ll send you the guy I went through. But please get off Instagram, the answer isn’t there

[naive blade]

^^ bingo

instagram people are fake, ive met plenty of them in my day

all those cars are rented, people who own nice luxury cars, dont even have social media

we're too busy making money not posting crap on social media for likes

[weak glen]

If you're looking for a get rich quick scheme, well, you're gonna be broke very quickly bro

[naive blade]

"hey guys get me to 1500 likes and ill drop a secret candle stick pattern for you!"

[nimble geode]

think of it this way "i have multiple quarter million dollar cars.. but man,, i really need 1k from this internet guy !

[naive blade]

exactly

if your truly wealthy and successful you will charge nothing

thats the 3rd step in success, give back to those less fortunate and watch them grow

[nimble geode]

or you will be scamming thousands at a time in groups at seminars

and still showing them nothing because no one wants to hear "dude work hard for YEARS"

[naive blade]

everything you need to know on how to trade, is free online

[hidden moss]

Right but I saw one person his name on YouTube is wicksdontlie, He do live trading on YouTube on GJ but he also sell his course and mentorship

[nimble geode]

he does paper trading on youtube

[hidden moss]

But I saw his trading accounts result thats massive man like $30k in a month

[naive blade]

there are some real deal people, like Ross Cameron, for sure, that guy is legit, but still

its very little

[nimble geode]

give me a few minutes and i can photoshop up some account results

[hidden moss]

He also shows his withdrawal in bank account from his broker account

So how's the way to make money in market and learn and be a rich in next 4 to 5 years

[naive blade]

spend your $$ on improving your trade setup instead, if you trade stocks, buy scanners, get a DAS trader, etc

[nimble geode]

dude go for it,, these guys are great give them all the money

[naive blade]

stuff that will improve your execution times etc

you can get rich in 4-5 years many ways

[weak glen]

This guy maybe just needs to get burned a couple times before he learns. Some people just have to touch the hot stove first

[naive blade]

go make a shitty app for android, and pump it 500k installs from adwords

there are hundreds of way to make bank in a few years

the market isnt the only way, unfortunately too many people are trying to get rich quick

thinking you can hit $50k a week in 3 months

[hidden moss]

So should I need to learn discipline consistency than there is a chance to make money

[weak glen]

Yeah, and with a $500 account at that😆

It just takes time and effort

[nimble geode]

i am using money i earned from a quick easy triangular stacked marketing methods to fund my trading, i bring in about 2k a week with it, if you are interested Hunnain send me a message i could hook you up,

[hidden moss]

Right lol

But blown $5K in market Lmao 🤣 😂

But still not give up

[naive blade]

just remember, 80% of trading is psychology 15% skill 5% luck

[weak glen]

I've blown an account before. I think most people have. Its a rite of passage lol

[naive blade]

exactly lol

i think i blew 3-4 back when i started a few years ago, i started with small $$ though, $500

so it wasnt bad

[nimble geode]

i've blown several, i've spent 3k on a single algo that never made a dollar proffit, i have joined many paid chat rooms

[hidden moss]

So now how much average you make from market @naive blade

[weak glen]

As long as you learn from it, blowing an account can be a valuable lesson haha

[naive blade]

couple K a day, but i have days where ill get my head blown off, i trade stocks not forex though

[hidden moss]

Also is there a chance to profitable in 6 month or make consistently $50 in a day or lose only $25 in a day as per risk management

[flat sedge]

After blowing my first account it felt that only then i truly started learning 😊

[hidden moss]

no

How many years it take to come at George soros level 🤔? HE IS a billinionaire in forex

I dont know should we say it luck or knowledge or experience?

knowledge and experience together

Because now, There is my starting of 20 and I am college dropout

uh let's say about 1-3 years at least

[nimble geode]

hahah are you asking how long its goina take you to be one of the richest ppl in the world?

[hidden moss]

@hidden moss So what we have to do to make $50 in a day in market, It is a realistic goal but how can we accomplish, I know in this group many guys making alot any tips

1-3 years to be consistent*

what's your account size?

[weak glen]

Start with a 1mil account. You have one of those?

[hidden moss]

No, Just billionaire man, It is a dumb question but I want to be honest for my self

[hidden moss]

$2K right now

[hidden moss]

$1M with only $50 bro, Its to less right

[weak glen]

OH, lol I thought he said $50k a day

my bad

[hidden moss]

that's not that bad

[weak glen]

$50 a day is easy

[naive blade]

just remember, the ROI compounds, 20-30% a trade and your pretty well off in a few years

dont get greedy and try for a home run 30000%

[visual edge]

Hey guys. Interesting question. I'd like to test lux signals on a paper account. Here's what I want to do but I don't know how to program it in TradingView. Let me know if anyone would know how to do this:

Strong Buy or Buy Signal : Buy Lot

If Strong Sell or Sell Signal: Sell Current Lot and short another lot simultaneously

When Strong Buy or Buy Signal: Buy current short lot and buy another lot simultaneously

And so and so forth, perpetually trading the market. Anyone have any idea how to set that up?

[hidden moss]

So thats mean we can achieve this with $1k and $2k account right

And how much would be willing to lose

I am comfortable to lose upto $25 in a day

@hidden moss you need around 25 pips per day on 0.20

risk only 1%

in this case 20$ per trade

So should I try only gold scalp consistently 1 trade per day on gold scalp

you can scalp gold but not on 0.20 lotsize

lower your lotsize then

[weak glen]

@hidden moss yes you should be able to make 50/day with that account size. But you need to study first, and know what you're doing

Don't just gamble

[nimble geode]

think of it as a percent, if you have a 200 account, be happy with making 10 bucks a day

when it gets to 300 make 15 bucks a day

when your account is up to 10k then you will be at your 50dollar a day proffit level

[lament tapir]

@hidden moss bro check paul klaszus on youtube and do what he does on that us30 strategy

[hidden moss]

Bro one of my account double on us30 trade

I dont know but that is something works only in my favour

[weak glen]

I also like the secret mindset on YT. Good tips there

[naive blade]

depends do you trade nyse or forex?

50 a day is very doable on nyse options but you need to know your stuff

hell you can do 500 a day with that BUT you need to know what your doing

and know whats in play

cant just yolo it on SPY 370 calls and pray it works

[hidden moss]

Yeah that is something realistic and good to make $10 on $200 but $10k why only $50. We can make upto then $500 right?

[hidden moss]

I only trade Us30 of NYSE and gold for scalping and GJ sometime EJ that sit

[weak glen]

He's talking a responsible risk level. I prefer a higher risk threshold, but I've also been trading for 12 years. His numbers aren't unreasonable if you're just starting out

[hidden moss]

if you risk 1% of your 10k account per trade that is 100$ if im not wrong, if you have 1:2rr that's 200 per trade if you have 1:3 that's 300 per trade, i like 1:3rr

[lament tapir]

@hidden moss then why don’t you stick just to us30?

[nimble geode]

@hidden moss just keep multiplying if a 10K account is 50 bucks, then 100k account brings in 500 a day, a 1 million account 5k a day

keeps going

[hidden moss]

But that's should be for taking 15 or 20pips or swing trades?

it doesn't matter

make sure your rr is at least 1:2

Man when I look at this much profit I am mad man on real account that's insane you know

Thats wild

[nimble geode]

keep in minda also i work on a do as i say not as i do, because i'm talking big talk about being responsible, but i constantly fall for shit, or hurt myselff trying to push faster gains

and it dont work

[hidden moss]

He shares his idea and everything he don't shows lambo only knowledge

[naive blade]

good trading is boring

a lot of younger traders are in a rush when it comes to playing the game

they feel they need to be in every trade

[nimble geode]

https://www.forexfactory.com/thread/1013630-instagram-youtube-trading-scams heres a thread about scammers talking about that uncle_ted guy you just posted

[naive blade]

1 solid play a day you can make some nice cake

[hidden moss]

im young and patient af

😄

[naive blade]

that will take you far

just absorb it all, after a few years, you'll subconsciously trade and thats where you really flourish

your brain will just know, you'll be like a highly trained marksman

[hidden moss]

I'm pretty new to all of this so if anyone has any early tips on what I should do that would really help me out

[naive blade]

dont rush the learning process

[hidden moss]

I know a lot about the market but not too much about day trading and lux

I know a ton on long term

not day trading

[naive blade]

trading is a life skill, if your 20-30 or even 40, you still have 30-40++ years of trading ahead of you, take it all in, absorb everything

[hidden moss]

Thank you very much

[naive blade]

and always keep learning, dont ever think "i know it already"

the market is forever changing

[hidden moss]

don't forget to improve yourself as a person too

[naive blade]

1000%

[nimble geode]

trading is a game where the faster you rush the slower you go

[naive blade]

enjoy life a little, dont get too wrapped up in the game we play

[naive blade]

exactly

[hidden moss]

Will do, thank you all for the great advice

Also what is the realistic goal to be financially free from trading like 5 years or what?

[naive blade]

unfortunately when it comes to trading, that fast $$ screws with peoples heads, there is actually a condition called sudden wealth syndrome, i like to think traders have that with trading, seeing billions of dollars flowing through the order book can screw with you

[naive blade]

yes, you can do it in less, depending how fast you learn

trading is actually easier then people think, it's we who make it complex

[nimble geode]

heres the prob, you try and go fast to start, that messes up your learning and makes the goal harder

aim to go slow, and asyou learn you can see where you can speed up

[naive blade]

https://www.youtube.com/watch?v=A9kRnFfX5VA&ab_channel=TrickTrades

[hidden moss]

So do we need to stick with one pair or more like us30, GJ and Gold ?

[naive blade]

diversification will always net you the highest return

have a basket of 10-20 stocks and focus on learning them, each ticker has its own personality

[hidden moss]

You know I don't care about losses I have bigger ability to absorb all losses

[nimble geode]

some traders have a few they trade exclusively, some just do the majors, some spread out pairs, stocks, futures

[naive blade]

a good thing to do is make watch lists of a few sectors with some stocks you feel comfortable trading

[hidden moss]

But sometime want to make money but that not work that is not good even I don't feel stress on losing i feel good and think that it is lesson

[naive blade]

do you just buy commons?

or do you play options too

thats good you have a handle on handling losses

[autumn jewel]

i learned one thing last few months

never rush with oil

[hidden moss]

Didn't get it

[autumn jewel]

oil is unexpected

[hidden moss]

Like us30 ?

[naive blade]

being an oil tycoon is fun, while it lasts lol

been there a few times haha

[autumn jewel]

lost all my money in oil 😄

[naive blade]

it can be a wild ride

[hidden moss]

No I don't look to the oil

[naive blade]

there is opportunity all over

use scanners if you want to help find them

finviz or one of the paid ones

scanz.com has a free trial maybe you'll find some plays with that

trade ideas does too from time to time

[hidden moss]

Man market is all about taking money from 90% and giving to the rest 10% right 🤣

[naive blade]

yeah

its because a lot of traders rush and think something is in play when its not

[autumn jewel]

true

[hidden moss]

So how can we make trading more easy and make low losses and winner bigger and after 5 to 6 years purchase lambos

[nimble geode]

@hidden moss currently you and i are the 90%

[hidden moss]

Right man

[nimble geode]

@hidden moss we have been telling you, go slow, look for small gainst till you can grab them consistantly

[autumn jewel]

trade less most likely when u are sure that the direction is correct and

put stop loss every time

[true jasper]

Find a strategy you like... and practice it for 2 years on a demo account.

In your third year, start live... and by the 5th year, you can get the lambo

[naive blade]

you dont want a lambo, ive owned a few higher end cars, not lambos but, they all break down a lot, why piss thousands a year away in repairs

if you want a fun/cheap/fast car, buy a W204 C63, put a super charger on it with LTH and enjoy the ride lol

[true jasper]

You need to lay that strong foundation

[naive blade]

exactly

be smart with money

[hidden moss]

Yeah what I will do i will Invest $300K in real estate and buy car on rental and pay rentals through real estate montly tenant payment

So at the end I have the asset that will pay for my car

[true jasper]

Careful with where you put money in real estate

[naive blade]

USA real estate is so cheap im always jealous lol

i live in canada, our real estate is a joke up here

[true jasper]

most o the western world will see real estate drop 80-90% over the next 24 months

Edmontonian @naive blade - you?

[naive blade]

yeah hopefully, im in vancouver and a tent covered in dog shit goes for like a million here

🤣

[true jasper]

truth

[ionic escarp]

i hope i am not interrupting you guys, but is it easy to make consistent profits by setting low targets?

[naive blade]

its brutal up here, americans have it good lol

can buy a decent little place in a not so bad area for a few hundred K

[hidden moss]

Lol 😆

[ionic escarp]

Does anyone here trade in indian markets?

[bright crane]

But you have free school and healthcare.

😂

[hidden moss]

Man even I don't purchase car just invest all my money on my learning, stock and in day trading

Even dont go in parties just hustling like madly that I want to make my dream true, my friend go but I can't and working and learning

[naive blade]

health care isnt free here

they take it from our taxes lol

[hidden moss]

But sometimes smart working so what is mean by hard working a d smart working in market like forex and stocks

[naive blade]

its cheaper yeah, but we still pay for it

and our health care system is a bit of a joke depending what you have wrong with you

lots of people get shafted hard

[bright crane]

I was making a joke. A bunch of our people want to be like Canada.

[naive blade]

its good dont get me wrong but its very expensive to live here

[bright crane]

I watch some Canadian house shows and every house is at least a mil and then they ask them what they do for a living and both people have very low profile jobs. I can’t figure out how it’s possible

[naive blade]

because our government gives 1st time home buyers money

35k towards their down payment

[bright crane]

I’m a dog washer and a barista. Lol

That helps the
N

[naive blade]

ive met a lot of people here in vancouver who maybe make 60k a year as a family but live in a 1.5-1.6m house

its insanity here

[autumn jewel]

lol

[bright crane]

Wow

[true jasper]

absolutely

have you checked out my strategy that I use on the 1m chart for Gold? The same strategy applies on all timeframes

[true jasper]

it's not free. We are taxed for it - to greater degrees than if we were to pay for insurance

[true jasper]

it's unfortunate... but it seems the only people who care about keeping their money are the people who want to work for it

[bright crane]

I know it’s not free. All the Americans that want your system think it’s free

[naive blade]

its not bad, depends how much $$ you make (at least here in BC)

anywhere from like $20-$90 a month i think, i forget what they charge now

they just changed it this last year

does alberta work the same?

[hidden moss]

Man I'd ont give any taxes on earning because in govt eye I am student lol

[true jasper]

no.. unfortunately. We are taxed, then we have to pay on top of that up to $88/mo per household member

[naive blade]

you guys really get shafted then

thats actually kind of expensive

[true jasper]

there's never a tax that isn't a shaft

lol

[naive blade]

hahah

true

[true jasper]

Also, in 2013, the crown was found guilty in the International Tribunal of Common Law for crimes against humanity, and genocide (residential school system)... and under the Magna Carta, paying taxes to a criminal organization is actually a crime

[hidden moss]

But market takes all tax from me lol on losing

[true jasper]

buttttt I won't go down that rabbit hole further

[true jasper]

let's turn those reds blue, shall we?

I'll be making callouts next week in the #776138690007007292

and I explain all my trades

[hidden moss]

What you trade?

[thin geyser]

I will bet both my testicles this will not happen

[true jasper]

every pair, except EURUSD, indices, metals

[topaz relic]

Look forward to it mate

@true jasper was checking out nzdcad

[nimble geode]

@true jasper is my mentor , even if he doesnt know it

[true jasper]

I'll take the bet, but if I win, keep your testicles.. you'll need them for camping

[topaz relic]

Broke out on rsi daily

[true jasper]

lol.. you evangelist.

[topaz relic]

Leme know what you think about nzdcad please @true jasper

[true jasper]

standby

[true jasper]

which timeframe?

[naive blade]

the crown has been committing crimes for hundreds of years now

especially here in canada lol

[true jasper]

yep that was just the first successful tribunal in 2013

Interestingly, Canada is defacto - it's doesn't exist in accordance with international law

[topaz relic]

@true jasper daily

[true jasper]

it was originally Kanata, but Queen Victoria 'claimed' it arbitrarily

[thin geyser]

What makes you think real estate will fall 80% anyways?

[naive blade]

i dont know why but i vaguely remember reading somewhere years and years ago that canada isnt technically a country but a corporate enterprise, i dont remember where or when i read it but for some reason it stuck with me

of the British empire

[true jasper]

shut downs, inverted yield curve last spring, market contraction, transportation is down, unemployment is through the roof,

[naive blade]

especially in canada, our debt levels are stupid

our government yolo'd billions of dollars in CERB payments to people who didnt even file taxes too lol

[thin geyser]

People have more money than ever. no earlier than 2026 before the housing market falls

[naive blade]

i think we have the highest income to debt ratios in the modern world

[hidden moss]

Than it will be a good buy time

[naive blade]

they do but its because of stimulus especially here in canada, our government has basically allowed everyone to claim 10's of thousands in corona relief payouts

[true jasper]

I hope you're right. I stand by my math on 12-24 months

[hidden moss]

What about Gj

[thin geyser]

I stand by the historical events and cycle

[true jasper]

@thin geyser - granted... the price may be maintained, only because we're already entering high inflation and the purchasing power of the dollar is dropping. Hyper inflation by 2023

[naive blade]

M2 money supply is through the roof though

just look @ the chart

[true jasper]

there is no historical event that holds a precedent for what we're experiencing now

[thin geyser]

But interesting viewpoint. if it falls that much, i hope it happens in 12 months. Looking to buy first apartment next year 🙂

[true jasper]

on it.. stand by

[naive blade]

they can only pump things for so long

3 years max

my guess

[true jasper]

exponential curves never end well

never

[naive blade]

nope never

[hidden moss]

Does value investing make us rich like Warren buffet in next 20 years?

If we start from now

[naive blade]

of course

not warren buffet rich but

well off

no need for billions of dollars

more money more problems

more taxes

you can live a very nice life with 5-10 million

[thin trail]

@true jasper put in #776138690007007292 😎

[true jasper]

doh!

your'e right.. sorry

[hidden moss]

Right even i am looking same on ichimoku Bollinger bands

[true jasper]

remedied

[weak glen]

@thin trail would it be possible at some point to get individual chat rooms/channels for different assets? Forex, crypto, stocks/options, futures etc?

Just a thought

[empty solar]

@weak glen the issue is people never ever keep to channels hahah

[weak glen]

Haha fair point

[empty solar]

We even have people talk in share profits

So I wake up and have to clear it out hahaha

[nimble geode]

ppl who discuss things in the wrong channel are the worse!

[tidal pier]

how do i fix lux

oups wrong channel. 😛

[desert holly]

Mods, thanks for Lux Algo. Signed up for yearly subscription 🙏

[agile onyx]

Who here trades options?

[weak glen]

I do, why

[agile onyx]

What stocks do you look for ? I’m just starting out and am always looking for tips and tricks to get better at it

[weak glen]

There's a thousand different ways to answer that. I personally have four or five tickers that I watch daily. Get to know them, how they move. I scalp in and out of them throughout the day. Cash by close almost always

But you can use scanners to find criteria you like. Scan for patterns and play the breakouts. Its just a matter of what your style is

Also very much depends on if you swing trade or day trade. Contrary to popular belief, you don't actually need to have $25k in your account to day trade options. You just need to be in a cash account (non-margin). Then you can trade as much as you want, up to your cash balance

[agile onyx]

Thank you ! I day trade my account as well. And like to stay liquid at night. I will use the scanner for sure, I just signed up for this algo. Excited to implement it in my trading

[weak glen]

Cool, I mostly trade crypto and FX these days, but this thing should work well with stocks as well. If you don't know about it already, there's an excellent (free) stock screener at Finviz.com. Tradingview also has a scanner, but its weird and not great

[agile onyx]

Thank you for your input. May pick your brain more down the road

[gilded sleet]

hey does anyone know about m and w harmonic trade patterns

[acoustic scarab]

I thought I saw a notification about how to use luxalgo for options trading (7pm PST)? If so, can someone please send the link. I would really appreciate it

[quick notch]

did the alerts for entries go away??

[empty solar]

Alerts for entries?

#🔔scanners-premium

[visual edge]

Any know how to write trade orders in pinescript? Looking for someone to write me a script, can pay $$$ as well.

[nimble geode]

wow how have i not heard of mataf.net some crazy helpfull stuff on there

[leaden axle]

Oh.. Sorry for the post about the tool. I love it for managing the risk and visualizing the trade and since it supports the ATR risk parameters, I thought it could be helpful for others, but I see the server rules now:

• No self promotion or sharing other trading groups / products of any kind, which includes outside affiliate links, courses, indicators, etc..

Thanks for deleting the post. Sorry for the trouble.

[thin trail]

No worries at all @leaden axle

[stable nymph]

@thin trail hey Lux or anyone. What does it mean to force run on spread charts again?

[empty solar]

It's for exotic pairs and for some reason fixes the replay mode bug

So basically use it if ever the signals glitch

[stable nymph]

Oh I see thanks ☺️

[umbral halo]

🙋🏻‍♀️ what is your favorite Sensitivity/Agility inputs for 1-5 minutes scalp? seems like we have tons of choice after updated, but I don’t know what to use

[warped nova]

I use 5 and 26 on 2min HA chart

I usually trade the first two or three signals. It kind of depends

Personally, I like utilizing the Predictive Range for scalping as well

@empty solar is the discount a one time purchase or is that the price for life?

[nimble geode]

first month i believe

there was a conversation about it earlier

[empty solar]

It's for the first interval

E.g. a year is 30% off that year

30% month is the first month only

[mental gale]

@umbral halo best is try out .. for every asset you maby need a new Input. So try some combos. Which asset are yours?

[umbral halo]

I didn’t change anything yet so 12/26 I believe

I’ll play around to find favorite combos.

[mental gale]

@novel jetty what you mean ? 400 Dollar?

@umbral halo

I need two weeks and some more knowledge to find good Settings... not easy ..but nice if you have find it

[nimble geode]

oh crazy, trading view doesnt allow automated trading at all?

[weak glen]

Not that I've found, but you can run mt4 or 5 and automate through there. If your broker links to TV, then the positions will immediatly appear in TV

[umbral halo]

Default setting is not bad at all, so I’ll take time on that

@warped nova thanx!!

[nimble geode]

ya i was mostly just surprised that TV doesnt do it, since it seems really nice at most things

[weak glen]

There must be some licensing or regulatory reason. I trade through TV exclusively with a linked broker. They have a one click trading option. And they have strategies that will simulate your trading strategy on the charts. It would be a very simple next step to simply tie all those together.

[nimble geode]

it said on their help page they are condisdering it

[weak glen]

You can code and automate your strategy for backtesting is what I meant

You're new to TV? Give it time, you'll grow to love it and wonder how you worked without it before lol. I'm a big fan. But yeah, I've wondered that also

[naive blade]

trade ideas has auto trading

but its $230 a month

and its hit or miss even with a good strategy back tested

[dark night]

Lux algo will work on hekinashi candles

New member

[hidden moss]

How do I cancel the indicator

[covert vessel]

hey guys, how do I add the indicator?

[thin trail]

!guide

[hidden moss]

Full Mobile + Desktop YouTube walkthrough for setting up Lux Algo on TradingView: https://www.youtube.com/watch?v=Zw-XBVaIOvI

Link to the setup guide on our website: https://luxalgo.com/apps/help-center#!hc-user-setup-guide

[fiery idol]

I shorted NQ looking for 12160 currently at 12211

[fathom marlin]

Hey, guys/girls any settings for scalping Crypto that's got nice results?

[steel pecan]

Anyone looking at $NIO call options today?

[worthy spire]

Forex alerts are very quite today

[flat sedge]

Some Mondays are relatively quite...

[covert vessel]

anyone on WORK?

[worthy spire]

@flat sedge it gutting my only day off work amd ive nearly add it for a month and only used it for today so far so good from my first day

[flat sedge]

That is gutting my friend

[mossy reef]

To you guys hitting on US30, what time frame are you finding works best with lux? Thanks

[warped nova]

I don't really think there is a time frame that works best for Lux. If you are looking for less noise and more accurate signals then higher time frame is more accurate

try 30 minutes plus

[mossy reef]

I am running 30m/1hr to fine tune, was just curious what the group has found.
Thanks for the feed back.

[weak glen]

As with almos any indicator, I would assume that the higher the timeframe, the increased the accuracy. I like running it on the 1hr, or the 4. But will also use the 15

[opal torrent]

Anybody use it to trade stocks and you’ve been decently successful , whats your favorite time frame to use ?

[empty solar]

In an ideal world before Lux you would have had a timeframe you had experience trading on. You should try and make it work for that 🙂

[glossy coral]

yo what happened to the forex and stocks sections??

[empty solar]

You need to opt in

#🔔scanners-premium

^ select here

[glossy coral]

not working, says messages unable to load

[empty solar]

Try again

It'll appear 🙂

[glossy coral]

okay it loaded, thank you!

[wild palm]

whats up lux crew

[thin trail]

ayo

[wild palm]

how goes mack

[hidden moss]

yo yo

[wild palm]

👋 👋

[hidden moss]

How're you doing

[wild palm]

chilling, rainy day here

life is good though

yourself?

[hidden moss]

Same here

[remote saffron]

👋🏻

[round agate]

Hello guys

[fiery idol]

Hey

[round agate]

Anyone stalking any pairs?

Seeing anything good?

[last bluff]

Anyone on who's had success using Lux to scalp/daytrade stocks?

[warped nova]

I'm doing decent

Here is a chart from my trading today that I just wrote up

[nimble geode]

@last bluff just dont expect to blindly use lux signals without any strategy to back it up

[empty solar]

Nice to see you using ranges 🙂

[valid thorn]

If you’re an intraday/swing trader what settings would you use for the algo . I like to hold a position for a day or so.

[slow idol]

Wh@empty solar what's going with the trade bot ...trade ideas

[empty solar]

What do you mean?

The trade bot?

The discord scanners?

[nimble geode]

beep boop

[thin trail]

#🔔scanners-premium

[nimble geode]

i totally have not been pretending ot be a trade bot and charging ppl for my robot trade ideas

[last bluff]

Today was my first day with Lux. I think it has a lot of potential, used in tandem with other tools and strategy. Tomorrow I'm going to try using it as a scalping aid. Anyone using Lux in that manner? If so, any tips? Right now I've dialed Sens down to 10, Ag down to 4. Works in some backtesting from today.

[hardy field]

I use the default lux settings to scalp in line with my own strategy. Works a dream! @last bluff

On 1/5/15 min

[weak glen]

@last bluff what assets are you trading? Makes a big difference. You really need to tailor it to the instrument

Set different chart layouts on TV per instrument

The defaults are fine, but its better if you fine tune it

[last bluff]

I'm day-trading equities right now. Yeah, and I think ideal settings depends on choppy vs trendy market as welll.

Do you all experience Lux as working in real-time, or is it laggy? I had big lag today, then realized I needed to pay for real-time data via TV. But I also think I need a new computer if I want to run Lux in multiple instances along with TOS, and other things. But would love to hear others' exerience.

[empty solar]

Your computer's performance wouldn't impact it really

Just real time data from TV is needed for a few assets

[hushed junco]

@last bluff How much RAM do you have? When you start TOS at the login screen click the gear icon. There you can change the minimum and maximum memory TOS uses. You can try upping those.

[analog onyx]

ofc this group is an exception uwu

[still trellis]

[slow idol]

@thin trail the trading ideas

[thin trail]

#🔔scanners-premium

[last bluff]

Thanks, @empty solar!

@hushed junco - I have 32MB ram right now, but TOS was so laggy I just ordered a new computer with 128MB. 🙂 Yes, good tip re: TOS memory setting. I discovered that today. Thanks1

[still trellis]

Intel Pentium 4 ones? Nice

[fiery idol]

this m1 chip is nice so far

[old plank]

New guy here 😂

[narrow seal]

🤣😭

New to the group mann

Glad to be apart of the team

[patent skiff]

I hate when you’re in a trade and get stopped out or simply lose the trade.. just for it to randomly rip up 2-4 points later in the day. Siiiigh

[grand field]

Question where do you see the forex and stock alerts ?

[nimble geode]

the view scanners chan

[turbid wave]

Once you sign up for it using #🔔scanners-premium you should see the channels below

[grand field]

I did 3 months and I can’t see it

[thin trail]

you’ll be upgraded shortly, any questions with orders please email [e-mail]

[grand field]

This is how is looks

[thin trail]

You have access in here @grand field click #🔔scanners-premium if you want to see the scanner alerts

[ashen cradle]

@thin trail was the default value for S/R significance modified in the recent version?

[thin trail]

yes it was increased from 2 —> 5

[ashen cradle]

Any significant under the hood changes for that?

[vale ether]

Thanks for the “Normal turned strong” alerts team; working well

[river gulch]

How I felt seeing sndl pop over .50 after selling my .36 average at .40 https://tenor.com/view/middle-finger-flip-off-double-multiple-mega-fuck-you-gif-14401990

[patent skiff]

Yup lol

Fuckin algos

[marble pike]

Can't really see any difference when changin S/R... What effect should it have?

[nimble geode]

only thing i use it for is adjusting my directional matrix sensitivity

[ashen cradle]

It does affect big time when you're using renko charts 😉

@analog onyx loving the predictive range + renko combo Alex

[analog onyx]

if you are using high values make sure to zoom out

[nimble geode]

wait what?

thats a thing? anyone done a writeup or youtube about it?

[weak glen]

I've been meaning to test this thing with renko. I often use a range bar system, but I noticed that the dashboard doesn't display if using that type of chart. Confirmations still seem to function fine

[nimble geode]

i dont really even know what the predictive range is and how to use it

[analog onyx]

Its a recent feature https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/support-and-resistance-and-trendlines#predictive-range

[marble pike]

I tested it (the Predictive Range) but not used in trading..

[nimble geode]

how are you backtesting your renko charts without getting caught in the fake bar trap?

[ashen cradle]

leverage your ema's

[nimble geode]

hmm seems replay wont even work with renko for me

guess only works with time based charts

[zenith garnet]

Hey, is anyone following US30 or S&P?

[fiery idol]

yeah im following the es and nq futures market

good morning everybody!!!! Lets get it!

[warped nova]

Morning folks

hope everyone is well and makes lots of cash today

[fiery idol]

lets get it people!!!!

looking short es

looking short nq

lets go!!!!

[fiery idol]

alright my down

learn to wait moving forward 15min after the open

cant only upload the good ones. Here is where im at after open. Expensive way to learn. Lets see where I finish the day at

was up $443 before open and the lost is one trade that came back quick

where is everybody at?

[empty solar]

Trading away probably 😂

[fleet stream]

@fiery idol yes that’s way better , for me I’m waiting minimum 15 min until direction is clear . Otherwise it’s gambling

Btw eur/usd passed 1.20 🙋‍♂️

Honesty I finished my long at 1.995 . Thought pullback can occur again . But algo knows better 😜

[safe forum]

what happened to alert

[empty solar]

Discord alerts?

You need to opt in

#🔔scanners-premium

[safe forum]

got it

thanks

[cosmic sigil]

Nice call on TSLA, the bot said Sell, I hold over night and I closed like 15 min. ago and i got a 4% profit

[fiery idol]

yeah man expensive lesson but needed to be learned just made $500 so I am getting it back I am just happy that Im not walking away usually something like that happens and I am like thats it but I took my lump learned from it and moving on. If i am going to make this a full time gig I got to handle the loses as well. That is my top step trader account so I had to switch to live money and feels good to have such a big loss and then go into live money and just continue to trade as if it didnt happen and win

im still in stage 2 of the combine at least

bouncing back

[hidden moss]

What're you trading in right now?

[fiery idol]

es and nq

[narrow seal]

How are we supposed to take the forex callouts I’m confused

[empty solar]

This isn't really a callout service

You'll get an alert in discord for example

And it's a "take a look at this asset, see what you think - maybe find an entry"

[ionic fog]

What’s some good sensitivity & agility numbers ?

[narrow seal]

Ohhh

Okay preciate it my man

[weak glen]

@narrow seal its good to keep alerts running for confirmations on the timeframes you follow, think of those callouts as alerts that you don't have to set yourself. TV will limit your total number of alerts unless you're on the top payment level

[fringe cloud]

Anyone know a script or anything for tos that will indicate when 5 EMAs are positively stacked? I can't find it anywhere and having 5 individuals is way too messy

[wild palm]

obligatory new indicator hype

[naive blade]

@vagrant meadow which settings do you use for SPY if you dont mind sharing? i trade SPY a decent amount myself too

[vagrant meadow]

@naive blade 12,20 on the 5min. Defaults work great too, I just wanted my strong signals to be slightly more sensitive so I dropped my agility from 26 to 20

[azure yoke]

is anyone in here willing to help me with using the lux algo? im really not sure how i can be profitable with it yet

[weak glen]

12/30 on the 1H is very accurate for crypto buys...oddly enough though, it consistantly misses on sell confirmations with this setting. But it works for me since I rarely go short with that class.

[naive blade]

thanks for the info! much appreciated, ill check it out

[azure yoke]

@weak glen you only do crypto?

[weak glen]

no, primarily fx. Stock options

currency trading is my jam though, crypto is basically a dovetail off that

[azure yoke]

oh ok

im tryna figure out settting that make sense

my screen si filled with signals lol

[somber aurora]

Have you had much success with the 12/30 on fx pairs for 1H chart? @weak glen

[weak glen]

For regular forex I switched to 14/35. It was suggested by MalFX, and works pretty well. Better than what I had before

It doesn't work well at all for crypto, but that stuff moves way differently

[azure yoke]

ok i will give those settings a try

[empty solar]

But of course you need to use other tools for it to work

You can't just go off signals 🙂

[weak glen]

100%, its just one piece of the puzzle.

[azure yoke]

what kind of tools?

[empty solar]

We added a bunch in

Support resistance

zones

oscillator

ect

We don't just add them to be pretty 😉

[warped nova]

I'm a fan of the predictive range

[merry lark]

Y’all think spy gonna open green or red tomorrow morning

[naive blade]

hopefully both

i have puts ive been swinging for a few weeks and just grabbed a call earlier

probably rally though

red futures usually gap up

its the rip on futures that can be sketchy, seen futures rip hard so many times only to gap down at pre market

if we break 3638 on the /es then things might be a little sketchy long

[patent skiff]

Made a pretty penny on EARS and CAAS

[odd valve]

Why do I get a SQ sell for example but when I open the chart in trading view I can see the sell in the candle?

What does 2h chart mean?

[nimble geode]

is it set to send allerts at bar close?

[odd valve]

Not sure

How do I verify that?

[odd valve]

Yeah I did that but it still does no appear buy in SQ like they alerted

[nimble geode]

sq?

[nimble geode]

ah so you getting a discord alert for a stock, but when you view it your lux is not giving a signal?

you using the settings they are? i think they run default.. not sure tho

[odd valve]

Oh I’m not sure which setting they are using

Yes

[vocal quail]

Where can I view different channels for ETH, BTC, altcoins, etc

Thought there used to be something like that

[thin trail]

#🔔scanners-premium

[hidden moss]

Where do you trade forex? (for Europe)

[opaque furnace]

Did any of you guys managed to connect the Lux to any automated trading platform?

[frail barn]

Automated trading platform..?? Lux?

Only trading view

[trim flax]

in the cryptos it's possible to use ex. tradingview to create alerts to 3commas which triggers trades to the exchange

[turbid thistle]

hey can anyone help me with settings for trading in lower time frames 30m

[rare wing]

they are using default settings

[odd valve]

When they send a strong buy signal is a option trade, long term trade?

[vagrant meadow]

!visible

[hidden moss]

Our Discord Market Scanner alerts all use the following:

• Default Lux Algo (V3 inputs).
• Normal trading hours (no extended hours)
• Main exchanges / brokers such as NASDAQ / TVC / FXCM / OANDA / COINBASE / BINANCE

If you have created your own, custom TradingView alerts, be aware they are set per the exact settings you had at the time you set those alert(s).

[vagrant meadow]

@odd valve ^

The scanners run default settings w/o extended hours.

[empty solar]

@hidden moss We don't allow those sorts of messages in here at alllllll

We find a lot of knockoffs appearing so yes you'll probably find a few

[hidden moss]

@empty solar I didn't have the will to harm! Sorry ! It was to inform you ...

[empty solar]

ah no worries - we know about this stuff sadly

[compact yacht]

First day using LuxAlgo and caught nice dip buy on $MRNA using the S/R tool.

[visual edge]

What brokers are you guys using?

[rough cedar]

E trade

[visual edge]

How is it for you?

[nimble geode]

on the toppic of brokers, any forex brokers do commisions instead of spread?

[compact yacht]

TD ThinkorSwim. It's a good platform but it has it's days.

[visual edge]

Anyone tried Oanda?

For Forex

[weak glen]

I've used them for years

Pros: great liquidity, good fills, volume numbers are accurate, spreads are decent, you can use tradingview to trade, never experienced any slippage. Cons: stops sometimes get hit just a hair too soon, TP sometimes gets hit just a hair too late, they are a quasi dealing-desk, but they do make the majority of their money off the spread.

Another con, they are smaller than forex . com, but I really didn't care for that broker

Just my personal opinion

[visual edge]

Appreciate the info @weak glen

[weak glen]

best to use alerts for TP & SL, and place stops further out than you intend to take, but I believe that should be done for any broker in fx

[visual edge]

I think i'll give them a try

[weak glen]

Using ECNs with those micro spread is tempting, and I do also use them for scalps etc. But you would want to keep the bulk of your account with one of the bigger names, and just move smaller amounts through the ECNs. If you're going to use those at all. Again, just my 2c

[visual edge]

Never used an ECN. Aren't they pricey, per trade?

[weak glen]

You see those ads for like 0.1 spead on Eur/Usd, etc? Those companies. They cannot be profitable with those spreads, so those are the ones who would be more likely to burn you. Keep your orders on their own books instead of passing them through to banks, take the other side of your trade expecting you to fail, etc.

[steady compass]

How about ICMARKET?

[weak glen]

Not all are bad, usually you'll pay a commission per trade and then you get the 0.1 spread. If you choose a no commission plan, the spead goes up to 1.0-1.5, etc

per lot comission. If you are moving multiple lots, it can be helpful. If you have a small account it doenst really matter

@steady compass somebody asked me about them yesterday and I looked at the page. He didn't answer back, but you'd want to know if that $3.50 commission applies if you trade under one lot. Like do they add up your volume until you hit one lot and then charge the $3.50? If so, they don't look too bad.

Obviously that only applies if you trade less than one lot. If you move lots, then the answer is clear, and not a terrible deal

[visual edge]

@weak glen just opened an oanda, anything i should be wary of before trading? hidden fees?

[weak glen]

You did the commission free account? The only charge is the spread. Oanda does it as half the spread on the way in, half on the way out. So pay attention to the spread at all times. Otherwise there are no fees.

Obviously if you hold a pair through the close (5pm EST), you have to pay interest on the quote currency. But that's same as anywhere

[visual edge]

Is the commission free option better or worse?

I see the commission and lower spread option too

[weak glen]

Totally depends on the size of your account, if you don't move full lots, the commission free is probably better

[visual edge]

Thanks man

What have guys found is the sweet spot timeframe for you with Lux?

[warped nova]

does average true range work for Forex?

I don't trade forex so was just curious

ATR in regards to stop losses

profit targets

[small mulch]

Guys any tips with SL AND TP really having a hard time taking short losses and they just keep on growing

Message #696781587223937025

[weak glen]

@warped nova Using 1.5 ATR as a SL has become incredibly popular to size positions in forex. But its a terrible idea. The banks all know everybody is doing it, and that's basically free information to them. Many times you'll see the price move exactly to 1.5x ATR on the popular timefrrames before reversing and going the other way.

[warped nova]

okay, that's what I thought

nothing works forever

[nimble geode]

also i think since each pair has different volatility you should size your stop per pair

i guess atr takes volatility into account but is easy to be sniped

so i take my base ammount that works for one pair and multiply it for others bassed on their volatility

[weak glen]

for commision accounts also @tiny plume ? Thanks for the info

did they email this? I hadn't seen it

well, that sucks

[visual edge]

So they're charging conversion fees basically

50 cents on a 10000 profit trade?

Seems miniscule

Or am I missing something

[weak glen]

10000 yen, not dollars

[visual edge]

Oh shit well that's a huge difference

[weak glen]

it does

[visual edge]

So if you make a grand they take 5?

Still not too bad

Which is the spread

What are the overnight fees?

[weak glen]

"overnight" fees are what i was telling you about holding through the "close." Basically 5pm EST. That's the same anywhere

But I might be looking for a new broker. It sucks b/c they work so well with tradingview

you link your account with the trading panel on TV. Then you trade straight out of TV. Spreads are right at the top of the chart

I use their commission + lower spread model, so I don't know if it affects that one or not. But I'm about to find out. I'll PM you two their pricing sheet for that model, it may make more sense to change to that one

[boreal obsidian]

i have a question

what is qualified for a STRONG signal vs BUY/SELL

[balmy canopy]

Who follow lux stock alerter ? Dose it work well ?

[analog onyx]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signals#confirmation

[pure citrus]

How can I set up alerts to my phone correctly cause I’ve done it several times and not once have I received any notifications to my phone

[lapis isle]

Goodmorning 😇

[flat sedge]

Good morning. Or where I am I should say good afternoon

😋

[latent cradle]

Hey together, one question by the lux algo premium indicator which line in the EQ cloud is the indicator ? because the SMMA 21 is close but not the same ... i need this information for backtesting my strategy with lu

lux

[lapis isle]

Gbp cad buu

Y

[empty solar]

@latent cradle it's confidential

[little sapphire]

I’m actually shorting GBP/USD @lapis isle

It’s failing to break through the high of the previous day

[lapis isle]

You can buy it and sell in max 5min

[little sapphire]

There is news on USD so if GBP spikes I will take a small L (:

[topaz relic]

Depends on data we need good data at 1.30 sell eu gu buy usdchf

But wait for data first

Or set buy order

[topaz relic]

I wouldnt buy looking to sell that

But depends how long you want to hold

[drowsy sorrel]

Still on visibly strong uptrend, I wouldn't short it just yet

[mossy reef]

Us unemployment will be bad today, lock downs have been ramping back up by the chicken littles

[little sapphire]

Of course I’ll be waiting for lux confirmation to go in decently, I’m only in on three 0.01 positions haha

Testing the waters

[topaz relic]

Hence why better to wait on data

[mossy reef]

Indeed

[topaz relic]

May surprise us

[lapis isle]

Look this

I can send pic

[mossy reef]

Ak, would you set limit orders for both buy and sell. Just curious how other people handle it?

[topaz relic]

Depends on what im expecting tbh

[topaz relic]

There all overbought

[lapis isle]

Is this a good trade

[topaz relic]

That pair turning

Nj

Hit support and bounced upwards 73.55ish

[mossy reef]

Ak, do you look at the COT report at all?

[drowsy sorrel]

What is your average hold time approximately? What I'm getting from the screenshot is that you have the right idea but close the fairy soon after you open the position?

[topaz relic]

Sometimes

[lapis isle]

Normaly i hold max 5til10 min

[mossy reef]

Gotya, I just started myself seems somewhat helpful in really locking in where the institutions are headed

[topaz relic]

Cot as is number of contracts?

[lapis isle]

But this time i know it break down sow i hold it longer and buy more its a risk

[drowsy sorrel]

Understandable then, my strategy is a bit different I hold between couple of hours to 2-3 days

[lapis isle]

And i take a 50 procent profit

Wow and how much do you trade

[drowsy sorrel]

I use about 1500$ of my account for forex at the moment, usually open trades worth between 200 and 500$ at the time

[lapis isle]

Oke

Yes i trade now like a mounth

First 3weeks i lost 6000

[drowsy sorrel]

oof

[lapis isle]

Sow now i trade w 100euro and if i can make 1000

Than i can make from 1000 10000

[mossy reef]

Ak, yea the commitment of traders report

[autumn kayak]

i got my account from 200 to 1000 in a month but now im back at 600 😦

[drowsy sorrel]

Don't be in a hurry to make millions in 1 month

[lapis isle]

Yeah i see people they make 10k in a week

I need that

[autumn kayak]

yup

im gonna study a lot of s&d

[lapis isle]

If i learn to know sniper openings and bow what the market do then i can make a lot but is not so easy

[drowsy sorrel]

Make 50$ every week and learn from your bad trades, then your account will grow and eventually you will be making good money

[autumn kayak]

yup

[lapis isle]

Somtime i wait to long but i neef to take evert little bit

[mossy reef]

Try not to overtrade

[lapis isle]

Oke

What setup do you trade w

[drowsy sorrel]

Also sounds like you are trading emotionally and are afraid to lose money, which is your enemy at the moment

[lapis isle]

Yes it iss

[topaz relic]

Rsi mcd

[lapis isle]

I know money that i play w is lose money but

[topaz relic]

Research them tools

See what they tell you

Look at bigger tf and trade on smaller one

Into the trend

[lapis isle]

But i see what i need to do example if i have 1000 i need trade 5 procent of money not 100procent

[mossy reef]

Ak I use rsi haven’t looked at mcd yet tho

[autumn kayak]

whats mcd

[lapis isle]

Than if it go grone i can wait for hour of days

If i what go short and i but more risk i need sl

[autumn kayak]

you always need sl

do your analysis, set your sl and tp and dont touch it till it hits one

[topaz relic]

Mcd tells you about crossover

Like i said babypips

Research mcd and rsi

Me telling you isnt an explanation

[autumn kayak]

rsi i always use

and fib

[topaz relic]

Understand it

[mossy reef]

10-4 I did a little babypips kinda out of order

[autumn kayak]

but i think supply and demand is most important

so i will be studying that for a couple weeks

[topaz relic]

There good tools to help you identify when to enter and exit

[mossy reef]

Gotya

[lapis isle]

I use alsow bollinger

[past egret]

hey girls and boys... do you have any setup that works on fx pair the best?

[drowsy sorrel]

I use the standard set up and it works very well for me

[past egret]

for what pair?

[drowsy sorrel]

For all of them

Time frame is what you need to adjust, I presume

[past egret]

do u use also some overlay?

[drowsy sorrel]

I use Lux, Support and Resistance and MA 200

In some cases if I need additional confirmation I look at MACD and RSI

Lux alone is definitely not enough to take trades, especially when it comes to day trading

[empty solar]

The signals of course not, is why we try and add as many useful features as possible ☺️

[topaz relic]

Us data out was good

Need pmi to come through now

[devout solstice]

@empty solar

thank u

[bitter drift]

Do you only take signals during a trending market? How do you guys deal with late entries when the signal has passed already?

[empty solar]

You'd probably want to look on a lower timeframe for an entry

During ranging markets we provide other tools for trading

Since markets tend to range a large amount

[still trellis]

[bitter drift]

Which tools are they? Where can I find them?

[empty solar]

Built in the script

Reversal zones, predictive range, contrarian signals ect

[bitter drift]

Ok thanks I’ll check it out

[empty solar]

Yep they are very important ☺️

[small pebble]

Hi @vagrant meadow - I was curious about your posts in #💰share-profits. I see you go for close expirations dates, but what strike prices do you go for? ITM or OTM? Thanks in advance for your time.

[warped nova]

Predictive range is very nice

[supple needle]

how can I test the strategy? I want to know how much can i win following the strategy exactly

[flint grove]

Did the discord change?

I have been away for like 1-2 months

[empty solar]

Yeah we had a few changes 🙂

#🔔scanners-premium

Opts in for scanners now

A few new features

[golden flax]

Does anyone trade HFX in here?

[steady compass]

How do you use it

[warped nova]

Support/resistance and targets

[steady compass]

So when it breaks support you go short ?

[naive blade]

go short at resistance

never support

you always go long on support

[pallid valve]

im a semi new trader. does anyone have any tips?

[true jasper]

https://youtu.be/35A1qSAtLZM

That's my style

I'm making a new one with updated settings tomorrow

[pine cedar]

Hey anyone know how make an alert so on the h1 or h4 for spx500 for example if its find a buy or sell it’ll notify me on the TradingView app

[empty solar]

!alerts

[hidden moss]

How to set up your own custom alerts in TradingView: https://luxalgo.com/apps/help-center#hc-creating-alerts-on-tradingview

[sour sky]

@sweet jungle hi, can you accept private message?

[wicked shard]

hey guys, just set up lux on trading view but im not seeing an option for settings, send help!

[empty solar]

Double click one of the signals

[wicked shard]

Thank you!

[warped nova]

Trades for the day

[umbral nebula]

After 2 weeks of using lux algo, I really love it. It's very accurate.

I just have to practice getting my emotions and psychology under control

and let the algo guide me .

[hazy hearth]

today was my first day ever with trading . just trying to observe how this all works

[umbral nebula]

@hazy hearth That's a good way to start, understanding your tools and how they work.

When I first started, I just went in head first and messed up the trade by selling to early when given a strong buy signal on Apple.

[warped nova]

@umbral nebula always, ALWAYS, honor your stop loss

[pallid valve]

Thanks! Ive been doing stocks for around half a year so I have a general background but want to get more into it @true jasper

[river gulch]

Bxrx......I've got it in my view

Liking the news and chart

Whatcha guys think? Looks like potential to 2.5s......solid news...heavier volume.

[visual edge]

Hasn't broken 1.3 yet, if it breaks 1.3-1.36 could go

Whats news saying?

@river gulch

[warped nova]

@river gulch BXRX seems to be a pump and dump to me

[nimble geode]

!alerts

[hidden moss]

How to set up your own custom alerts in TradingView: https://luxalgo.com/apps/help-center#hc-creating-alerts-on-tradingview

[golden elk]

@hidden moss I was trying to gain access to my account but I couldn't. Could you please help me with this issue?

[vagrant meadow]

@keen pine 12,20 on the 5min

Admin doesn’t want us chatting in #💰share-profits

[keen pine]

@vagrant meadow why?

[vagrant meadow]

Because that channel is meant to share winning trades & reviews on Lux. Not for general conversation

That’s why all the channels are named lol

[thin trail]

!access2

[hidden moss]

If you were given a "Full access granted" email and it's been over 8 hours yet your indicator is not adding to your chart or says "study error" - try refreshing TradingView and re-adding it to your chart.

Still having problems? This likely means we were given the wrong username, please email your TradingView profile username to [e-mail] so our team can ensure you are granted access.

[thin trail]

@golden elk ^

[keen pine]

@vagrant meadow got you thanks I’ll try it tomorrow

[fiery idol]

do you keep track of your trades likes this? How long do you keep them on your charts for. I tried it out today and liked the "bubble" option when I hover over it shows all the text. Just curious I like the way you present your chart and a great way to look this over at the end of the day

[keen pine]

@vagrant meadow when you get in. What price you usually put to get filled not paying to much

[vagrant meadow]

For option contracts?

[keen pine]

Yes for call and puts

[vagrant meadow]

I market in. So I pay whatever they’re going for. Go 1-2 strikes out. I try to get 10 contracts on same day exp for $700-$1000

Today I got next day $1 out for .82

I do market or trail stops to exit. I personally don’t like limit orders

@keen pine

[keen pine]

@vagrant meadow Ah ok Thanks that is my issue don’t get filled right away. This is new to me I usually just do Sell put and Sell call. Since I have Lux now I want get extra income with this especially on buy puts coz I’m scared of shorting.

[vagrant meadow]

Are you trading real money or virtual? I’d demo for a bit until you’re not scared anymore @keen pine

[keen pine]

Money @vagrant meadow

@vagrant meadow where do you demo?

[fiery idol]

testing a different trading process to go with my contrarian. For all the new guys in the room I cant tell you how much fun trading is when you focus on the process instead of the profits. You put work into the process the profits will follow.

[keen pine]

@fiery idol what is this?

[vagrant meadow]

@keen pine Thinkorswim, E*TRADE & WeBull all have virtual trading.

[keen pine]

I use Webull I don’t think you can short

@vagrant meadow

On paper trading

[vagrant meadow]

Oh, no? I’ve never used them. Try ToS or E*TRADE then

[fiery idol]

I trade off of a DOM i prefer it over trading off the chart itself

[vagrant meadow]

Agreed! I just trade my plan & profits follow

[small pebble]

Hi @vagrant meadow - I was curious about your posts in #💰share-profits. I see you go for close expirations dates, but what strike prices do you go for? ITM or OTM? Thanks in advance for your time.

[vagrant meadow]

@small pebble 1-2 strikes. So if SPY is at, say $350.50 & I want to go long I’ll either buy the $351C or $352C

[small pebble]

@vagrant meadow splendid - thanks!!

[naive blade]

350.50 SPY

https://tenor.com/view/oh-really-say-what-huh-sorry-gif-13287152

sign me up

[vagrant meadow]

HA. Same. Suppose I could’ve been more realistic with my prices 😂

[brittle quail]

Hey guys, weird question. Anyone currently having issues accessing their Oanda account? Got an active trade and can't access my account. Kinda freaking out.

[weak glen]

Its down site wide

I've got a huge position as well

With their price hike starting tomorrow, this is probably the last straw for me

Screenshot trying to log in and getting the error message, and bitch to customer support if you lose. If you win, no harm done 🙂

[brittle quail]

Price hike?

[weak glen]

yeah, .5 on all spreads or something. Check your email from the 1st

[brittle quail]

The spread were already borderline too much IMO. Thank you for the heads up. I just got back into my accq

[weak glen]

@brittle quail back up. And yeah, spreads are rough if you aren't on the commission plan

I'm looking for a new one

[devout copper]

What broker do you guys use to trade crypto ?

[weak glen]

binance

you could try coinbase pro, but its pretty basic, and you'll be slaughtered by the fees. Its even worse on regular coinbase. But you could get your feet wet there if you wanted

[solar tulip]

Pls can any help me with the best confirmation and contatarian range for currency pairs on 15mins Time frame.

[thin trail]

!settings

[hidden moss]

Watch full video (5min) on adjusting signal settings here: https://www.youtube.com/watch?v=kpqoSbhHScw&feature=youtu.be

Confirmation signals are affected by both the sensitivity and agility settings, increasing these two settings will allow the trader to take decisions regarding longer term price movements, however, agility is specifically designed to filter out signals occurring during ranging markets, with a higher value removing signals that occurred in ranging markets thus returning more strong signals as a result.

Although we provide suggested settings by default (12, 26) there are no "best settings" that we can mention because trading is very personal per asset and timeframe.

Learn how to adjust them here: https://luxalgo.com/apps/help-center#hc-adjusting-input-settings

[thin trail]

!signals

[hidden moss]

Learn more about our Buy & Sell signals: https://luxalgo.com/apps/help-center#hc-buy-sell-signal-modes

[fallen veldt]

im joining a live trading webinar at 6:00am est if anyone wants to join

[hidden moss]

Guys what you think about bitcoin

When it will drop because from this point it is a bad idea to buy for long term

Also FED is coming with digital dollars

[trim flax]

I think FED and governments are so late in the party and cryptocurrency is so much ahead

https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUKL1N2IJ0TG

so yes, there propably will be digital dollar and digital euro, but i'm not so sure they will win the game

I think that innovation is key here and governments are not so good at it and they will come way behind innovating startups and communities in cryptoscene

[fiery idol]

Happy trading everybody. Can’t believe it’s Friday already

[hidden moss]

When us30 drop its on very high just need confirmation to drop of it

[past egret]

anyone looking forward to trade euraud?

[past thunder]

witch is the best broker for bitcoins?

[hidden moss]

#704043568079306802

[wild palm]

Morning gang, have a great Friday and weekend :)

[past egret]

morning? its already afternoon 🙂

[brittle quail]

Wait, you people sleep?

[wild palm]

Hahaha, sleep? Never heard of it

[woeful ibex]

my lux has a red exclamation point ... anyone know how to fix

[thin trail]

@woeful ibex make sure you’re logged in, try removing / re-adding

if that doesn’t work send an email to [e-mail] so we can ensure you have access

[woeful ibex]

thx

[wraith hatch]

I’ve seen a lot of people noting they trade gold- XAUUSD. Am I correct in that only those not in the US are able to trade this CFD or is there a way around that?

[near void]

Hi All! I've put this document together - I've been playing wit hte LUX settings over the last few days and included some of @short kayak indicators & settings. I've completed some back testing and it seems to work ok. as with any strategey there are some losses however I do believe that this is an overall winning strategy. as usual - all feedback welcome! Hope this helps with your trading. The strategy is also included in this document

[nimble geode]

i'm back suckas!

[hidden moss]

Anybody have success with this indicator I’m trying to combine this with a volume indicator but I get chopped up in consolidation and by the time I switch to contrarian already got to chopped up my stop loss is very tight and works when the markets are trending but my main goal here is to filter false signals any suggestions? @ me

[empty solar]

So the issue is consolidation phases? Have you tried using any of the Lux Volatility, Dashboard trend or directional matrix?

In order to spot and avoid chop

[hidden moss]

@near void put a tdfi indicator on that

I think that would keep you out of that losing sell

@empty solar consolidation phase and a trend reversal that gives a signal abit to late into the trend

@empty solar could you send me info on how you use those 2

[empty solar]

On what 2?

[hidden moss]

Volatility and, db trend and dmatrix

[empty solar]

https://docs.luxalgo.com/

If you go here you'll see a search bar

Search for the features and there will be a full breakdown ☺️

[hidden moss]

Bless ill@try it out

[empty solar]

Those should really really help

[near void]

@hidden moss I've been backtesting the forex Majors this morning and these are the results so far for Oct & Nov - I've only managed 2 pairs so far butI'll continue with the rest today. These results are based on my own personal trading hours (I'm in Australia) so I trade Asia, UK & a bit of US markets

[hidden moss]

@near void btw I was talking about that strong sell signal below the ppe where it reveresed and gave you a winning buy

@near void is that using lux?

[empty solar]

Yep i guess see above he links to the strat 🙂

[near void]

Yes using LUX mate. Stategy here 👇👇👇👇 @hidden moss

[hidden moss]

I seen that, don’t take offence I’m just keeping it real but a 50% return rate isn’t that great, I’ve seen Macds with 200 Emas give better returns with tighter risk mgmt try refining some settings there

You should be aiming for 68% avg win rate

An excellent algo will give you 80%+ but that’s very hard to find

@near void

[near void]

Not offended mate - I've only been trading for 4 months so still very much an ametuer. This sort of return will do me for now!

[thin trail]

Can assure you also, there is no such thing as an algo that'll give you 80% accuracy rate in all market conditions @near void

[near void]

Personally I'm happy with those results - the strategy works on either a 1:2.5 RR or a 1:1.67 return and what I've backtested so far would still have you profitable. I'll keep going with the rest and see how I go!!

[devout hornet]

@near void I think your strategy works fine I am doing back testing and found it good.... also please see the YouTube video I just posted above and if we try to find those kind of candles I think it will be amazing

[weak glen]

I'll run it through some backtests as well @near void 👍

[devout hornet]

@thin trail if this video should have not be posted please delete sorry

[weak glen]

PP signal 10/200...so hot right now

[near void]

Just found 2 on back testing

[devout hornet]

@near void yeah and if you see those candles are atleast 2 or 4 candles before lux signals.... we can be ready and when lux signals comes then it’s like double confirmation

In the screen shot the last sell signals is also one of them ... if we calculate the red numbers on right side it is 0.6697 sell to TP 0.6667... 30 Pips

We need to catch those candles at resistance or support level and we might get a big one.... mainly on higher timeframes ... just my thought ... I am still learning

[weak glen]

I think its good to have the PP200 in the same direction, but sometimes, if its close and looks like price might cross through the 200 strongly, I'll take it. If you go back, so many huge moves follow price crossing over the 200

However, this necessarily means the 200pp will not be in the same direction. Key is to cut it soon if it looks like its not going to spike, and is just chopping around

I rely on lux a bit more then, like if you get a good signal and it looks like it's going to blow through, those are some of my best trades

[hidden moss]

@near void check this out

The name of the game I learned is to manage risk and you do that by losing less

I’ve incorporated the ppe in both the lux signal with specific settings

The first two string buys are duds and wouldn’t have been entered

All tho your algo says to enter in the second strong there’s a pullback and the third gets price to move

I put in a volume indicator that says not to enter when there’s no volume, volumes like oxygen you might have the right play in price action but price won’t move because there’s no one in the market

When there’s volume you’ll have big candle pushes like the third buy entry

Ofc that’s a cherry picked example but I’m saying try to incorporate volume and backtest

[crystal glade]

Nice JayCutz, what do you use for volume confirmation ?

[visual edge]

@near void Does your strat work on lower timeframes?

[fallen isle]

Hey everyone!

New here

[finite lagoon]

👋🏾

me too

[fallen isle]

That facebook ad got me. Thought id try it out

Is this just for forex?

[finite lagoon]

it works on crypto indices and others too

[empty solar]

works on anything on TV

[finite lagoon]

im testing with demo on crypto for thr weekend

[fallen isle]

I usually day trade securities

[serene path]

Hey guys! I am newbie in trading. How can I know how to set up take profit and stop loss of I only have my phone because of full time work??

[quiet trench]

I know the LuxAlgo is said to work on multiple timeframes. Does anyone have a recommendation on a time frame with the best results?

[warped nova]

Higher timeframe usually means more accurate signals

really all depends upon how you trade

[patent skiff]

Quick question, for the control candle colors, is the gradient colors starting from RED, to BLUE being strongest? I'm trying to change the colors to standard GREEN and just shade it to a very light GREEN showing the least control

[empty solar]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/candle-coloring#control-mode

It's control so it doesn't really start at a point

red is bearish control

blue is bullish control

[winged fog]

Watch for the dips in the oscillator though. If a strong bullish signal appears and the oscillator is blue but at the crest/peak of a trend, it may reverse.

[patent skiff]

thx!

[near void]

Not sure. I haven’t tried it - I’ve found the 1 hr works best for how I trade

[lament sorrel]

Whats hot for monday?

[fallen isle]

me

[fallen veldt]

how can i know if my LUX algo is manually payment or automatic? and how much i have left

till it expires

[thin trail]

Hi @fallen veldt it's automatic, you can get a login link here: https://luxalgo.com/tools/recurring/get-subscription-access

[fallen veldt]

Thanks

[vernal jolt]

so, many of you have asked me what settings I use for LUX here they are. note that i am not going to go into exactly why i use these as it takes a little more knowledge to get to this stage, but this is a short cut cheat sheet. You can take a veiw of having very smart large moves or scalping. I am generally too lazy for both and will only scalp gold on a 1m. so here are the settings

there are 2 time frames 1: 15m and 2:30m

LUX Prem 8/20 and ocilator 9

here are my pairs and settings

GBPAUD - 15m - start 7.30 am. have your bot running and take the alert or if you dont have a bot make an alert to tell you to trade. Use your own risk management and money management. Finish at 4pm gmt and stop trading this pair

GBPJPY = Same as GBPAUD

EURJPY - 30min - start 6.30 GMT finish 4.30pm you will get around 2 trades.

EURCAD - 15m- 7am to 4pm you should get an alert between 7 and 8am use your skill set to determine.

EUREZD - 30m - 7am-11am then close then open 1.pm until 5pm

USDCAD 15m - 10am to 9pm.

use the ocil to determine a good entry, use the volatility to ensure there is movement and the market has actually started in uk or the second after lumch wave and finally use RSI to determine if the market is trending. If the market is ranging forget the pair and look at it later. Linear regression is decent to visually show you if there is a trend. Finally check your 4 hr charts each day to see what the over trend is doing. Use the linear regression to see if its ikely to flip. If its near the edge

good luck

if you lose money dont blame me. try this on a demo account first

Oh finally make sure you watch to take profit. change your take profit and stop loss every 5 pips or get your bot to do it

[past egret]

Well done.. Its good if u share your knowledge with fellow traders..

Btw.. What are the result.. Winning ratio and avg pips?

[oak dust]

Hi everyone, I am new here. Is there’s anyone here trade stocks?

[vernal jolt]

On each pair you will normally make about 30 pips a day. Winning ratio is down to how you manage your trades. You should have your own methods to learn how to leave a trade. I use a ttp for this but you can try anything.

[hidden moss]

hi, can someone give me a hand with the original agility and Sensitivity set up? I made some changes as default and like to make some trials?

[empty solar]

12 and 26

[hidden moss]

THANK YOU

[mellow girder]

any suggested sens and agility for gold 5m 1hr charts?