💬hangout

[thin trail]

glad you like first impression of it:) @vale dragon 👍

[vale dragon]

Nope. Sure couldn't.

[opaque pawn]

Are there any recommendations for sensitivity and agility settings for 1h and 4h ?

[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

[dull fiber]

Anyone have any good recomendations for a 4hr / 2hr timeframes on forex? Been playing around with my settings so much, think I've done more harm than good.

[rancid shell]

Message me I can help

I’d like to introduce myself to everyone ; my Names Nathen And I’ve been a full time retail trader for 3 years now and I would love to answer any forex related questions for anyone so feel free to ask away all of you ! Glad to be part of the team

[sturdy lion]

@hidden moss iI think I am getting my signal to late. Could you tell me something about it? Maybe my time zone on my trading view? For example I just receive a signal on GBPCAD that says 14:00 and I have 19:00 hours on my trading view. 5 hours later from the signal

[fringe trail]

check timezone in tradingview

im EST but it always defaults to UTC

[empty solar]

!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).

[sturdy lion]

I am not sure I undestand this technical ussue. Does the time zone is responsible for late signals on tradingview. Zorry for my english. My time Zone is Puerto Rico an also the language

[past thunder]

could be that you change sensibility

that happens to me 😅

[sturdy lion]

Whats your settings?

[lapis isle]

Hallo

[fringe trail]

i have a good 5m TF (7/20), you can try and mold that

[lapis isle]

I have a question wen open the market

[thorny socket]

I suggest that you adjust your settings per currency and you combine it with another indicator like the MACD or the LUX Oscillator to confirm entry and exit. Also, please have a strategy that you change only in extreme circumstances.... otherwise you will get random results.

[slow fern]

XRP bounced back

[sturdy lion]

Forex123@

[fiery idol]

hey J0turne you should check out vix tool for momentum

[rancid shell]

Once again if anyone has any forex related question or even about the scanner feel free to ask me anything I’m here to help ✔️

[patent tide]

Merry Christmas everybody!

[thin trail]

hahahahahaha nice @lone atlas

[formal raven]

I’m finally in now, thanks.

[stable dagger]

can someone suggest me settings on the algo that has been working for 1h and 4h charts please

[unkempt sundial]

Merry Christmas to all. Does anyone have any recommendation for no close the trades soon?

[small raven]

Can someone explain how they use the Lux Volatility indicator to creat confluence with the Lux Oscillator?

[lapis isle]

Merry x mas everyone

[median island]

https://youtu.be/7_m7snKmDm4

[fallen isle]

@hidden moss can you kick this guy

He’s using this platform to promo

[thin trail]

done thx for letting me know @fallen isle

[rare wing]

@thin trail

@hidden moss / 792130073796411402

[thin trail]

tysm @rare wing .. smh these people

[fossil oasis]

Hey. It s the first time when I invest in gold. What time will the gold market open?

[warped nova]

If you are asking what time does gold market open then I suggest you wait to invest/trade in gold until you have more understanding

[arctic pulsar]

I recommend creating a public spam-report channel, this will only get more and more frequent with amount of people

[fossil oasis]

Any opinion about gold on short term?

[lament tapir]

What’s that meaning

With only use real closing prices?

[analog onyx]

this setting allows you to have the same signals on a HA chart as you would using a normal candlestick chart, you must not set alerts using this option tho

[lament tapir]

Thanks!

[fossil oasis]

How can I see when it’s gonna be the next monthly payment???

[rare wing]

hahaha

[analog swan]

Is lux subscription based or do I have to renew it every month ?

[thin trail]

subscription

[thin trail]

Manage Account at bottom of website

[thin trail]

thanks this is a good idea. on it

[analog swan]

Ok ty

[hidden moss]

Hello Team! Any blasting deal for 2021 new year? 🙂

[empty solar]

We do indeed

If you go on the site we have a 2021 code

[sonic ginkgo]

In the new Lux Oscillator, is the Cycle version more 'predictive' than the Confirmation and LEgacy settings? I'm trying to wrap my mind around what the comparative dashboard is illustrating in times when the Cycle is contrary to the other two . . .

also, I've used optimizers in other trading platforms . . . how can you reall know what settings works best without having an optimization capability in tradingview?

[weak glen]

Was there another update?

[thin trail]

Yes see #👀luxalgo-news - Lux Oscillator was updated recently

[thin trail]

Yes it has a predictive aspect to it, you can see this page in our docs for how it can be optimized

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-oscillator/cycle

[sonic ginkgo]

Thx

[hushed wharf]

What are some good setting for scalping US30?

[patent skiff]

cant wait for tomorrow

[nimble geode]

that depends on what strat you use

[jade harbor]

has anyone got any recommendations for voice chat discord rooms where folks discuss live patterns/trade entries? I used some a few years ago (cryptoworldnews) but having trouble finding anything recently.🙀

[nimble geode]

its pretty much all pay stuff nowdays or reals amatuer traders

[jade harbor]

thought as much any recco on the paid stuff?

[weak glen]

I used to use blackboxstocks, excellent day trading room with mods on voice doing analysis all day. and option flow scanner

but I stopped trading options

a little pricey though

[jade harbor]

thanks will check it out

[median island]

love this thank you

[rancid shell]

Just overall market cycle ; np

[median island]

yea i just finished reading about it a while ago and it is very interesting.

[warped nova]

For a minute there I thought something was wrong with Lux. I wasn't getting any signals on SPY. then I scrolled over and saw the Buy signal from some time ago. SPY is just on a run

[rancid shell]

Who else is killing the market rn 😈💸

[deep gorge]

I'm all over GU, EA and EN (forex) this morning. Trying to catch the holiday drift

[weak glen]

pound swissy should be good for a continued short. Its in a rising channel, but the retracement is dead obvious

[deep gorge]

@weak glen I missed the entry, waiting for a pullback

[weak glen]

Yeah, bit of indecision here, I just closed it out

[rancid shell]

I hope everyone killed the London and New York session whose ready to get more pips in Tokyo 😈💎💸 #easytrading

[weak glen]

@rancid shell pips in tokyo session...blood from a stone

[rancid shell]

Did little over 100 pips this morning prob gonna do another 50 in Tokyo bout average for me nun crazy tbh

[weak glen]

50 in tokyo ain't bad

[rancid shell]

I only trade yen pairs for Tokyo you’ll get the easiest moves in those pairs whilst in Tokyo

[rancid shell]

What’s everyone looking at today? What’s catching your eyes ?

[worldly herald]

What you trade in asia, eu markets?

[rancid shell]

Yen pairs

Does everyone understand the basic cycle movement of London into New York and then into Tokyo if not I can explain it

[hidden moss]

basic cycle movement?

[rancid shell]

I’ll just go ahead and explain ; so right at the open of London as you know that’s in my own opinion the best session to trade so you’ll look for a direction move in one direction it should be very clear on higher time frames. Then moving into New York you can expect volatility to start to pick up still resuming in the same direction. Then when Tokyo opens up you will usually see a temporary retracement of that overall move so I’ll give an example. Let’s take GU for example ; through London and New York we saw a strong move to the downside on higher time frames like the 4h. What we can expect is a pullback of price when Tokyo opens and continues. Then when London opens again you should pre-assume it to go in the opposite direction and start continuing the overall down trend

[hidden moss]

ah i see thank you

[stable dagger]

so you establish the trend on the higher time frame and build up orders on the lower time frame? @rancid shell

[rancid shell]

Will do a vid drawing here in a second

[stable dagger]

amazing

[rancid shell]

Who’s ready for Tokyo 😈✅💸

As a retail trader we want to be trading on the same side of the banks who move the market! ; as they call them “ smart money “ we must also be smart with them 🖥📚

[bronze cobalt]

@rancid shell how do you know which side the bank is on? The trend??

[rancid shell]

Aggressive directional moves like bullish candles with low wick is my favorite confirmation of which side they want to take the market. Especially if it’s a Engulfing candle

[bronze cobalt]

So long candles with smallish wicks?

Sorry for the questions trying to learn

@rancid shell is this an example?

[rancid shell]

Change it to the 4h and look that huge bearish engulfing followed by a small body willing upper wick that’s all confirmation of selling pressure

And hey man ask away ! When I first learned I asked prob 500 questions lol

[covert delta]

Very good knowledge @rancid shell

What’s GU that you are referring to?

[rancid shell]

EU

Both are in a clear to see sell

[bronze cobalt]

Why would the algo say strong buy then

[rancid shell]

That huge engulfing candle on GU on the D time frame. That is a bank move so obvious to. Always looking at the higher time frame for less noise and clarity on what the market really wants to do

Look again it says strong sell on 4h

That’s the newest one 👍🏽💎

[bronze cobalt]

Hmmm my 4h says strong buy

[hidden moss]

i was hoping this would be better than thanks giving with a 50% deal hehe.

[scarlet salmon]

in my experience with the 1H timeframe, buying on the strong/buy and selling on the sell/strong sell yields a small loss half the time but the other half when you get a buy before a giant bull wick that's when it really pays off. so its like 50% of the time I lose 3% and the other 50% i gain 10% so... still profiting overall 😉

[hidden moss]

new trader here, when you guys trade do you set your tp at a 1:0.5, 1:1 or 1:2? How do you guys set your target profit and stoploss?

[nimble geode]

will what do you use to enter a trade

[hushed wharf]

Anybody got settings for Us30 scalping? 1min-5min tf?

[true jasper]

What's your trading style @hushed wharf

there are so many ways to scalp... therefore, there will be different settings you will need

[true jasper]

I set my SL at ATRx1.5 - and then two trades... TP1 @ 1:1.33 and TP2 is a Trailing stop of ATRx1.5

I'm back in the saddle tomorrow in #776138690007007292 everyone

holiday is over

[vale gull]

Let's go..

[true jasper]

ya no kidding

[vale gull]

I just sent you a message.. Hope you don't mind.

[lapis isle]

Smal pips

[thick remnant]

Anyone here who trades in Indian market ?

[rancid shell]

As a trader are most powerful skill we can learn is controlling are emotions! Don’t let the market control you !

[lapis isle]

😌

[dull fiber]

Couldn't agree more mate. Although I am guilty of it from time to time.

[rancid shell]

What helped me those most Billy is always using risk management because 1% isn’t a mere dent in our account if we use it 🙂 !

[worthy quest]

Hi guys, what strategy do you recommend to support lux?

[rancid shell]

i would say it all really depends on your goals with trading ! some like getting in and out some like holding for a while so a strategy based off what you like !

[rancid shell]

How to find your lot size with Risk management
Example :$1000.00
Risk: 1% which equals = $10.00
Sl : let’s say 30 pips
So then take 10.00 divided by 30 and that’s how you get your lot size.
Lot size 0.03
👌🏽💎🖥📚

This week for Forex news we are clear as a blue sky no major high volatility 👍🏽

[vernal jolt]

bad news... i thrive on chaos... its so boring. like watching paint dry

[rancid shell]

That reminds me of my dad haha

[thick remnant]

sometimes its good to watch Paint dry 😄 ... break in between chaos

[vernal jolt]

if you trade full time, its way too boring i would even prefer for trades to be going the wrong way than this.... 41 trades open.... boring......... they just bob about

[dull fiber]

Do you not find 41 trades a little overwhelming?

[vernal jolt]

well they are only trades so its just margin management.

you dont need to watch any trade in particular once you have decided to enter.

just take 10 pips when ever it happens based on good entry

i dont use stop losses as i have decided never to lose

i just have to manage margin.

just like a country

a national deficit if you will

[dull fiber]

Well, if that works for you...

[vernal jolt]

so far so good

it will drive most traders mad

as the balance grows your margin does to as long as you dont increase lot size

nothing in this world ever changes... its all a balancing act.

every low can be the next high and so fourth

no good trader will ever agree with me.

[dull fiber]

We all have our own ways and styles of trading. No real 'right or wrong'. If it works for you, stick with it. Personally, I air on the side of caution. I always have a SL, should the bottom fall out of my trade. As the TP grows though, I'll adjust the SL accordingly.

[vernal jolt]

yes thats a good traditional way that i used to use

solid

and i would advise any trader start this way and develop their own style

my way of trading is not common and required a fair bit of "balls". Once you master how to manage margin and exposure you are always going to grow your balance

my sweet spot is 0.03 lots for every £25k.

taking 10 pips

based on 80 percent correct entries

mathematically this is ok.

[dull fiber]

Very true. One hurdle to cross within trading is finding your own style. Many new traders will trade with no real thought input. Having a strategy and coupled with your own style is always going to give you a better shot at the markets.

[vernal jolt]

any trader should sit down with pen and paper and write their own rules and never ever break them

traders fail because they panic and exit when they ar elosing

losing

why decide to lose

?

why not manage until complete or trade others to compensate

never let your balance drop.

a good trading day..... 1. get up early it pays off during the day as you know how the world is shaping up.. 2. consume news dont act on it just be aware. 3. if you trade commit when you have enough confluence. If you "feel" its not right dont do it. 4. If you keep "feeling" its not right all the time, check your signals setup and practice watching theory trades. 5. practice until you are ready then try.

[rancid shell]

My favorite strategy 🖥 Break & Retest

[dull fiber]

A nice break and retest there. Pretty much all I do. Establish the trend, look for breaks and retests of horizontal levels.

[rancid shell]

And you’ll find these important levels often at psychological price levels. Levels that end in all 0’s.

[dull fiber]

That's good to know, thanks. Hadn't really thought of that before.

[rancid shell]

There’s just so much you can do in trading and that’s what I love about it. You gotta have a passion to learn. My dad told me this

[dull fiber]

I genuinely love everything about trading. I love the hustle and all that comes with it. I'll have my charts running ( on 4h timeframes ) so I don't really need to look at my charts all day. However, I find myself always looking, observing and so on, just because I actually enjoy what I do.

[rancid shell]

“ Nate you’re too worried about the money put your focus more on learning and the money will follow “ and he was 110% correct. Everyday I got a piece of paper and just learned one new thing a day and it all just started to build up !

You should see my stack of papers I still have it 😂 3 year old papers still in my binder haha

[dull fiber]

It's a great practice to follow. I think any self development always pays off. I heard a good quote from Mamba, where he says, 'reinvest back into yourself, don't go buying more Gucci, when you can't even afford the first lot of Gucci.'

[rancid shell]

Love that quote

[dull fiber]

My task today is to fully understand how a Fib chart works. I have a vague understanding of it, but I want to get it dialled in.

Yeah man, it's a cool quote. I actually really like Mamba. Didn't think I would, but I think he's just a genuine guy done good.

[rancid shell]

“ he who understands it Earns it.... , he who doesn’t pays it...” Albert Einstein

[dull fiber]

That's brilliant. Love that one.

[rancid shell]

I can teach the Fibonacci easy !

[dull fiber]

Really!? Let's do it, man.

[vernal jolt]

there are many tool kits we can use to "carve the market". use them as you see fit

trading and attitude are similar things

i would use any tool that seems right and no pair is the same. there is no time frame. each has its own story

its a matter of how you "carve" it.

[rancid shell]

But the most powerful tool is not letting a trade in a drawdown control your emotions. My dad told me if a trade going against me 20 30 40 pips scares me I’m risking too big and he’s right. 3 years ago I use to be like that but once you implement risk management what I really stress on. NO ONE should be scared of a drawdown if they use risk management. 📚 losing 1% on your account is nothing to be scared of truly

Write it down in your journal in why you loss and what you could’ve done better and learn from it 👍🏽

[vernal jolt]

or just dont accept a loss

[rancid shell]

Any professional trader can tell you losing is part of the game no trader out there never loses but if that’s what works best for you then flow with it !

[vernal jolt]

yes exactly

but i am a professional trader and i have a different way, ask yourself what happens to your portfolio if you let a bad trade keep going... in the fullness of time

all chickens do something.

[vapid crown]

May I just ask what instruments do you trade?

[vernal jolt]

in terms of choosing entry?

[vapid crown]

Yep

[vernal jolt]

so lux forms part of it

its not bad depending on which timeframe

the rest i wrote

[rancid shell]

You don’t let a bad trade keep going that’s why you have a stop loss

[vernal jolt]

what happens if you let the bad trade keep going

go back into your hisotry

and imagine if you had supported them by portfolio and never close them

until they hit 10 pips

all of your trades would have eventually gotten there even if it was 2 months

even 3 months

even 2 year

[vapid crown]

Martin do you do forex? Just out of curiosity

[vernal jolt]

indeed. i can only apply this to forex

[vapid crown]

I see

[vernal jolt]

nothing else would would apply

[drowsy shore]

any pair to trade now

[vernal jolt]

right now?

well i dont kow

[drowsy shore]

year

[vernal jolt]

know

i enter no matter what

but manage margin until i make profit

[drowsy shore]

did u buy the bot

[vernal jolt]

but you need to work hard on your charts so you entries are spot on

this way you dont carry too many "camels" as i call them trades that take time to make their profit

this is a very different way to trade

and i dont advise it

but for me at least its very solid even in the most chaotic markets

i am also very lazy and just enjoy charting

but all i ever want is 10 pips then it leaves

nothing more is ever required

i dont recommend this for beginners as its a recipe for distaster if you get it wrong

disaster*

[empty solar]

Please keep EA talks in DMs since you you mention, beginners are going to get carried away

[vernal jolt]

sure of course

np

i recommend this use lux well for entries but dont be too quick to SL, look longer term, you dont need to lose money if you can support your positions

[maiden moss]

Hows it going everyone! Is there a referral ID out there for Binance that I can use to sign up a new account?

Binance US that is

There's no kickback popping up for the Ref code posted in #704043568079306802

[vague junco]

Who here does ftmo??

[small heath]

Or anyone hav any advise please guide me. Thanks 😁

[empty solar]

@small heath Please avoid @ ing people who post in there 😉 It gets annoying for them but feel free to ask in here

[small heath]

OK sorry

[empty solar]

It's ok 🙂

[jaunty trail]

I keep fucking up on FTMO. I got a funded account, was up $15k, then exceeded the daily loss limit and lost it all because a pip on one currency was in a different spot than I thought 😦 Since then I have failed two challenges because I was revenge trading

[granite barn]

Hey all. Anyone in here that uses the service primarily for Bitcoin and other cryptocurrency? Trying to see how it is going and best settings.

[small heath]

Hi Im new here first day using LUX

Could anyone advise me or guide me ?

Which TF you use Lux to Entry or Exit Order ?
Which TP or SL you aim ( How many Pips ? )

I trading FOREX and GOLD
please guide me. Thanks 😁

[vernal jolt]

please ban this fellow

[empty solar]

He's gone

[vernal jolt]

thanks very much

[vernal jolt]

traded have reduced to 33.. we have some fish biting.

[rancid shell]

https://tenor.com/view/hitmans-bodyguard-hitmans-bodyguard-gi-fs-samuel-l-jackson-time-tick-tock-gif-8352665

Me waiting for Gbp/Usd to continue its downtrend 😂

[vernal jolt]

you will need to wait until jan 10th i guess

[rancid shell]

My trade will be done before that date lol

[vernal jolt]

quite possible

[rancid shell]

Very possible lol

[lament tapir]

Waiting for that GU drop:)))!!!

[rancid shell]

Oh yeah just gotta sit on our hands for now

[lament tapir]

Haha just saw ur message from above

Literally now:)))

I’m in the same situation

[dull fiber]

Me too. I want it at least 134.000...down more though would be better! Ha

[rancid shell]

My entry was 1.35100 But I’m targeting the psychological level at 1.34500

[dull fiber]

I'll be in TP within the 130.000 area. I'm at 1.333

I went in at 1.35020

TP at 1.33391

[lament tapir]

@rancid shell bro i entered exactly the same and my tp is also at that psychological level:)

And now i moved my sl at break even

[vernal jolt]

take 10 pips

then leave the trade

why bother to wait

find another one

[lament tapir]

Naah patience is good bro

Move sl at break even and be risk free

[vernal jolt]

i agree on patience

[lament tapir]

And let that trade run

[small heath]

Which TF you use to get Entry ?

[vernal jolt]

but why even bother just take profit and make a new trade

limit your exposure and trade faster

[rancid shell]

Don’t spread negativity on how traders like to trade

[vernal jolt]

take 15 pairs and trade at once

sure your right

ok fair enough

[rancid shell]

10 pips can be a lot of money

[vernal jolt]

well done if the trade is going well.

10 pips with lux is plenty

[rancid shell]

But yeah man everyone has their own style !

[vernal jolt]

and you always fell great

[rancid shell]

See exactly !

[small heath]

Which TF do you recommend ? 😁

[vernal jolt]

well i cant recommend one

[small heath]

Timeframe

[vernal jolt]

it does not work that way

at least for me

its about the shape you see given a time frame

[rancid shell]

I like bigger time frames but if I’m looking for a quick 10 20 pips I like the 1h & 2h

[vernal jolt]

on a pair

you want mountains

thats the best way i can explain

[small heath]

I use Lux for first day. ^^

[vernal jolt]

lux is excellent

[rancid shell]

It sure is !

[vernal jolt]

i hope it can make you a good daily profit

[rancid shell]

You too

[vernal jolt]

everyone can choose to use lux in a different way

we have different styles

[small heath]

Which setting you use ?
Confirmation or Contrarian ?

[vernal jolt]

mine is basically insane and not recommended.

i would really spend some time to read what confirmation and contrarian are

[small heath]

Now I try with m5

[vernal jolt]

confirmation is a trend based approach

contrarian looks for entries at pivot points

you need to spend time charting

dont listen to anyone

make your won mountains and chart it

then look to learn confluence

use an ocilator

[small heath]

Yeah Just want to keep information. lol

[vernal jolt]

learn about volatility

learn volume and liquitiy

but thats my wya

[dull fiber]

My trades are always a few days or so to come good, as I use 1D and 4H timeframes. Always get restless though and want to fill in the time gaps! 😆 I think I need to check 1H and 2H timeframes to satisfy my 'fix' Ha

[vernal jolt]

way

so i could be wrong

I am a 30 m or 45 m time frame guy or may 1 hr. I am not even sure i just look at shape and even if i am right one week i may have to refit the signals the next.

every week refit your charts i always say

especially with 15 pairs

[dull fiber]

Yeah man, you love having plenty of pairs on the go 👍 😋

[vernal jolt]

got to play ha ha

mountains man mountains

[small heath]

In my view I think bigger timeframe the SL will far

[vernal jolt]

use what you are comfortable with

[small heath]

That why I love small timeframe to short the SL and fast keepprofit

[dull fiber]

Man, if I traded 30M and 45M timeframes, think I'd have a nervous breakdown! Ha

[vernal jolt]

the max tf i have is 1 hr

[small heath]

Actually I decide to purchase LUX because martin81

[vernal jolt]

me?

[dull fiber]

Whooah!

[rancid shell]

Yeah me too 1h

[vernal jolt]

how?

[small heath]

I saw your review in share profit room

I love short trade

[vernal jolt]

well it is rather excellent

[small heath]

wow

[vernal jolt]

lux will give you your tool kit use the experts here and they will help yo

u

[small heath]

I use m5 now. I will try 15 / 30 / 1h soon

[vernal jolt]

they are much better traders than me

[dull fiber]

I'm a fan of it too. I was always skeptical with applications like this, I'm pleased to say I was proven wrong.

[vernal jolt]

best i have found. so if anyone asks me i will share

[small heath]

I entry XAUUSD 2 times today with 5m signal

[vernal jolt]

but my style is too different to teach

[small heath]

profit 50 pips

I keep move SL to secure profit

[vernal jolt]

there are some cool youtube videos have a look at the pro guys

they are good

[dull fiber]

Same, although my friends circle, I'm the only one that trades. Still, if I happen to have a conversation with another trader, I'd always tell them to have a look at Lux.

[vernal jolt]

i have never made 50 pips in my life

[small heath]

Use Trailing stop

[vernal jolt]

i dont use stops

[small heath]

Move SL to below 5m previous candle

[vernal jolt]

i recommend some good maths and a traditional way

take a 2:1 risk ratio

and adjust from there

or if you scalp then learn that approach

everyone is very different

there are many ways to carve a turkey

I dont follow any of this by the way

but i started there as its solid

learn your fundamentals

[unkempt spindle]

Any seetings you suggest for the algo?? I just bought it and I’m a bit lost 😅

[vernal jolt]

drop it on a 1h frame and see at 12/24

[rancid shell]

Welcome Wally

[vernal jolt]

welcome

[dull fiber]

Hey Wally

[vernal jolt]

the key to getting this to work is to play with it

pick what pair

[dull fiber]

Try the default setting first as a guideline

[vernal jolt]

and try

[dull fiber]

Move on thereafter once

[vernal jolt]

mentally think you want to distance the short and long or strong etc away from each other

this give you enough to make profit

adjust the time frame to give you this

[dull fiber]

Just took a short on EUR/JPY. This one might be a slow burner! 🥱

[vernal jolt]

Interesting.

I have no idea. Looking down my list I have a 10 pip long open on it.

[dull fiber]

There's a little 'corridor' where price has bounced along for a while, its broken to form a new higher high now, plus its at the highest its ever been. Kinda pre-empted that it'll break and start falling again.

Who knows though, we'll see how it pans out.

Lux is saying it's a strong buy though. For at least, I'm just not seeing that. More than happy to be proven wrong though.

[rancid shell]

Anyone from the UK ?

Everyone that messages calls me Mate and I love it 😂👍🏽 haha so funny cause if you’d call someone that here in the US they’d be like what’s wrong with you ?? Ahahah

[dull fiber]

Yeah, I'm English. I guess your version is, 'buddy', 'pal' or something? 🙂

[rancid shell]

Yep friend bud pal friend

I like mats best it gives me British vibes 😂😂😂

Mate*

[dull fiber]

I guess it's us and the Aussies that use it the most. 🙂

Whereabouts in the States are you?

[rancid shell]

I’m from Arizona ( United States ) one of the hotel states it gets like 110 degrees in the summer

Hottest*

[steel current]

Hello people, I Am Herson from Costa Rica ... Pura Vida Maes

[dull fiber]

Whooaah! That's some heat. we have -0.1 today in England ( well, in my part of the country )

[rancid shell]

That’s what I like most about trading is you get to talk to people all around the world

[gritty berry]

hey guys, I'm South African, from a news point of view, we announced ban of alcohol again for 15 days, curfue at 21:00, ie. no new years parties here), no clubs open, no resturants can serve alcohol, and tourism runs us, esp december

so if that helps 😉 drop be trades hahaha

[rancid shell]

Haha

[gritty berry]

if you look at the fox bot scanner, lots of EURZAR, USDZAR

forex*

basically, our gov made a decision, that will undoubtedly effect all hospitality, shut us down, and theres talks of our economy never recovering from this.. we hit "junk status" a month or two ago, i think this might be the final straw

[rancid shell]

This ain’t the zombie apocalypse you gonna be ok I promise 😂👍🏽

[gritty berry]

yet. 😄

hahah

[hidden moss]

At this point I am completely lost

I just looked at two technical analysis strats

and they both say different things

[empty solar]

What exactly?

[hidden moss]

one says to long and the other says to short

[empty solar]

As an example

[hidden moss]

the first is break of key level and retest amd the other is trading the trend

[vernal jolt]

I am from the Uk we used to rule the world but even EUR kicked us out.

[empty solar]

@hidden moss That's possible

Common in TA

When signals don't agree

So wait for stars to align

[vernal jolt]

confluence is key

[hidden moss]

It just keeps on happening tho idk

[weak glen]

Here's something I've often wondered. How did England produce such a large (wooden) navy with so few trees? You'd think they'd have run through all the trees on the island in building a fraction of that number of ships

[vernal jolt]

england were conqued by many places over history

our royal family are german for example

there is a lot of nordic influence

its bizarre

then there was the french

dont get me startd on Queen Mary

[weak glen]

Yeah, specifically talking about the wood required to build those ships. I guess some of it would later come from the colonies. But the original fleet had to be English wood...

[rancid shell]

Anybody have a update on Brexit ?

[vernal jolt]

brexit means nothing...

you need to read about the financial banks in london

the fishing was not important

20% of UK GDP is from banking

so its likley we will bend over and take it

i see current euphoria fading.

there are hard quanti easing questions to follow

we have a huge deficit like norther american people

we need to reduce corperation tax

[weak glen]

You guys are looking at a tough economic road ahead. But don't worry, us in the US are gonna be right behind you

[vernal jolt]

HMRC will go nuts at the level of unemployment

[weak glen]

This is why I buy bitcoin

[vernal jolt]

BItcoin is good as there will only be 21 million ever

like gold

you cant just make it from magic

if you know your economic history well read what the M95 report was and see what the north american people did

they simply deleted it

all currency was based on gold holdings... now

we really dont know what it is.

this is total chaos. once you under stand economic history you can be a better trader in my opinion.

covid will cause huge levels of quant easing

the question becomes in what proportion

its likley china will buy america in 30 years

[gritty berry]

well.. china bought south africa during covid (we took a 500bil loan from them), pretty sure china owns the world 🙂

[weak glen]

US probably loses world reserve currency status by 2030. I can see BTC taking over as world reserve currency. ONLY issue is that the Chinese own half the currently mined bitcoin

They're setting themselves up to take over in the next couple decades. Its impressive actually

[vernal jolt]

the chinese are anti bitcoin

as its semi anon

the chinese are much more advanced and have produced their own digital currency

turkey is now following

[weak glen]

Well, half is owned by chinese entities. So they ain't that anti

[vernal jolt]

their goverment is anti

does not mean the population is not anti

very different.

why are we buying gold now?

as in signal wise?

funky

[weak glen]

But in their economic system, the government owns what the people own. Vis-a-vis, the chinese government can and probably will sieze that bitcoin. They are smart, they don't want bitcoin to be seen as a chinese operation. So they portary an 'anti' rhetoric. But the writing is on the wall

[vernal jolt]

well thats yes and no

the chinese goverment are very smart

they have somehow made freetrade possible

there is a state control

but its for their mutual benefit

they cannot seize currency

the reason is that their people will lose incentive to produce

which is the backbone

so the real question is what ??

[gritty berry]

that being said, would make perfect sense why bitcoin is so popular there. pretty much the easiest way to "hide wealth"?

[vernal jolt]

I would agree

until a man walks into his house and he commanded.

[naive blade]

you forgot 1 major thing, how can something take over as the worlds currency when over 60% of the global population doesn't even know how to operate a computer/cell phone? boomers hold massive amounts of wealth, they aren't just going to bend over and swap out fiat for bitcoin/etc

a good majority of the population is computer illiterate too, they have the computer skills of a child, they wont just swap currencies

[weak glen]

the world reserve currency has changed every 110 years on average, beginning with portugal in the 1400s. It will change again, and BTC is the most likely suspect

[naive blade]

and what do you do when bitcoin runs out? the price sky rockets, guess what else does? inflation and consumer goods

yeah but back then they were idiots, there was a point in time tulip bulbs sold for like $1m+

[empty solar]

The issue is - Bitcoin is literally just ending up accumulating in a few monster wallets. So instead of banks running FIAT it's random dudes running crypto

[naive blade]

digital currency will/is already real, it just wont be bitcoin, it will be something the daddy banks come up with

[empty solar]

Yep for sure - BTC isn't the solution at all

[naive blade]

currency is a tricky subject because its basically all perception and illusion

like we saw in march, people value toilet paper over everything lol

[rancid shell]

Just had a good game of tennis

[weak glen]

Just because there is a finite amount doesnt mean it will lead to inflation. Its designed to be broken down in smaller increments.
Yeah its likely that there will be a successor digital asset in the future though

[rancid shell]

Where my tennis players @

[empty solar]

Used to quite a lot

[vernal jolt]

i play tennis

since i was 4

best player pete sampras

better than federer....boom.

but for trading you need to be a thomas muster

my daughter is left handed she has a chance as being decent because of this but she is 2 years old

[rancid shell]

Lux where you from ? @empty solar

[vernal jolt]

as for BTC it will be owned by those with the most dollars now...

[empty solar]

@rancid shell London 🙂

[vernal jolt]

Leicester

T4 london...

get ready for T5!

[rancid shell]

Tea and crumpets mate !

[vernal jolt]

have been in lock down since march

errrrr ok then yippie kia yaaay?

MF

thats all i have ha ha

[rancid shell]

😂😂 you sound like you from the south. That’s the country part of the US

[vernal jolt]

i have no idea

i went to new york

and florida

and drove to LA

its a very big nice place

they drive on the wrong side

and cant speak english

nice though

[rancid shell]

😂😂😂😂😂😂😂

Dude this soup I’m having is by far the most delicious I teal you what

[vernal jolt]

is that texan bollocks?

i imagine a 10 gallon hat (want one)

also would not mind importing a crazy american pick up

i remember i ate very well in the states

really enjoyed it

i have a friend from pheonix arizona

and a lot of irish connections but they are in boston

[rancid shell]

Saying you’re from London in the US would give you hella credit lol

[weak glen]

Absolutely right. By the way, I'm not saying everybody should be investing in BTC, but I definitely think it is wise for everybody to have an account set up and able to quickly transfer their USD fiat assets into crytpographic assets at a moments notice. There is a very real possibility we see a complete collapse of the US dollar in our lifetime, if not the next couple years. The prepared person should be able to quickly convert their assets at a moment's notice.

If you want a real life example, look at what happened in Cyprus & Greece when it collapsed just a few years back and the EU agreed to bail them out .... at the price of personal savings accounts. Cyprians were scrambling to convert their currency into bitcoin, some made it, others did not. Other examples of mass deflation abound in history. It can and will happen again.

Be prepared

[naive blade]

people forget though, those countries were very poor, USA is extremely wealthy

https://en.wikipedia.org/wiki/Financial_position_of_the_United_States#:~:text=The financial position of the,GDP)%20as%20of%20Q1%202014.

its the politicians who screw up america, they are assholes

[umbral nebula]

Resistance found at $666 on Tesla

what do you guys think of it.

[hidden moss]

two things

either market makers are funny people

or

2021 is not looking so good so far

or

this the last awful thing in 2020 until we see 2021 come back from the ashes

[umbral nebula]

😂

[errant whale]

This had nothing to do with wealth but rather how the institution was bailed. In the US ther were bail outs for the too big to fail where the taxpayers footed the bill. In Cyprus there was a bail in where depositors and shareholders footed the bill. It was experimental

[errant whale]

Some interesting things on that chart 🤔 looks like a large position is being liquidated but at the same time liquidity is being created for a move much higher

[rugged musk]

Anyone trading Silver here?

[umbral nebula]

I thought the same thing, I’m going to keep my eye on it for any bullish event (large call option open interest, large volume followed by break of resistance, etc).

However there was a lot of trade volume in the dark pools today, someone’s off loading and someone’s collecting. Could also be asset reallocation in ETFs and mutual funds.

[lament tapir]

Tbh i think GU might go up guys

[rugged musk]

What does each colour candle mean? There are so many colours but I’m not sure what they mean

[weak glen]

I’ve got a price target of 1.367, strong support at 1.35

[lament tapir]

So ur in a buy too

Yess strong at 1.35

[weak glen]

If you’re not already in you can probably wait for it to drop a bit further and get a better price

[vernal jolt]

GBPUSD?

[vernal jolt]

Cyprus and Greece are unique in that they are in the EU and have enough protection to run as functioning bankrupt economies. For example they have the EURO but its not the same as a German one. Turkey for example has simply had to be forced into going digital. I would say the most interesting thing to happen is that the US becomes like india of the 1980's a closed currency etc. But at this point the US would probably be owned by China in all but name

[dull fiber]

Trying a 2H timeframe today with an SMA. Anyone tried that before? - What was your settings via Lux also?

[vernal jolt]

Wsma Is pretty good but in ranging markets less food

Good

[dull fiber]

I'll have a look into that one. So far, the SMA seems to be pretty accurate. Just taking some small pip trades to see how it fairs.

[empty solar]

Is why we provide lots of tools to filter :)

[dull fiber]

I know, I'm spoilt for choice! 🙂

[balmy spear]

just upgraded my lux algo on trading view and now no longer has the TP levels. are they gone or do i need to change something

[analog onyx]

https://www.tradingview.com/script/1ibzuoEv-Trade-Setup-Feature/

[balmy spear]

soooooo is it gone? that link just takes me to a screen that i click play on and it shows me a chart and tells me nothing

[analog onyx]

yes the trade setup is no longer part of the Lux main indicator, the link I shared is basically the old trade setup. Add it to your favorites and apply it to your chart.

[balmy spear]

thanks

[patent crescent]

Does anyone know how to contact Lux Support?

[empty solar]

[e-mail]

[patent crescent]

Thanks

[empty solar]

@patent crescent Support will reply

And fix any issue

You can DM me the issue

[sacred ridge]

Is the Oscillator the best way to judge the age/longevity of a trend? Basically I want a warning if the trend is running out of steam?

[empty solar]

It depends which oscillator you are referring too

The normalised one does have over-extended zones so yep

[sacred ridge]

So normalised is best for this purpose?

[empty solar]

It would be in my opinion 🙂

[sacred ridge]

👍🏻

[granite barn]

Anyone having issues with Trading View not showing real time prices?

[empty solar]

Some assets you need to purchase for $2

https://uk.tradingview.com/gopro/

At the bottom

[thick remnant]

just trying to understand this ... Red or blue i get it .. but trying to understand what these 10 .. 20 .. numbers are ...

[quartz pecan]

how can I upgrade to a quarterly plan with the discount now?

my subscription expired todau

today

[thin trail]

!upgrade

[hidden moss]

You can upgrade your monthly subscription at anytime during your subscription by purchasing one of our discounted membership plans.

Once purchased, we ensure your monthly subscription is cancelled for you and add on the remaining amount of time left to your new plan so you get exactly what you pay for & are upgraded.

You can find them at the bottom of this page: https://luxalgo.com/products/lux-algo

[tough hull]

Can someone help with settings for smaller timeframe please (5-15mins)

[jaunty trail]

Depends on your strategy brother. See what settings you can tweak, and determine whether you consider yourself more aggressive or conservative, or scalper or swinger.

[tough hull]

Mostly swing trades, i used lux before but i think sensitivity range back then was 1-100 only

Range is 1-500 now so just a bit confused

[jaunty trail]

Try 45 min for swinging. Usually stop loss at 20 pips or more tends to win.

Check out past results on a pair or stock you like and find a pattern

Works better for pairs. Stocks tend to have more hype or news influencing it

For 5-15 min, you looking at day trading

[jaunty trail]

And of course use additional verification for a trade such as MA (I like ppsignal slope direction line), MACD, activate the support/resistance method within Lux Algo, add lux oscillator indicator, and on indicator overlay within lux algo add both EQ cloud and reversal zones for more confirmation. When all 4 or 5 or however many indicators are all dialed, make the trade, and enjoy. Keep SL at a bit below next resistance, do not overleverage, and keep reward to risk above 2:1 to encourage you to stay in the trade and not keep moving SL to get stopped out (unless an obvious reversal happens).

Seek liquidation zones that could go up or down. If more than three liquidation zones have been passed, can possibly expect a reversal. Wait for signal, and go for it/

Sometimes is tempting to move SL to entry, but entry is also usually a resistance point, so often people get stopped out of winning trades at break even, then loose at their stop loss, which increases loss. Trust your trades and go into it with full confidence

[tough hull]

Thank you, helpful stuff

[jaunty trail]

As long as you do not overleverage and follow a system, you will get the hang of it

[tough hull]

I found it surprising that Swing highs/lows indicator seems to have detected entries/exit earlier then lux premium, great tool

[hidden moss]

what swing high and low indcator ?

[tough hull]

Its free indicator from lux as well

Works quite well im surprised

[jaunty trail]

Lux got the hookup. Fuck signals. They are good when people do lottos and news releases. When you can find your own trades and nail it with this strategy, can easily increase account by a lot.

Better to have confidence in self, fail, and learn; than have confidence in someone else, fail, and be disappointed.

Never overleverage. All pain and anxiety of trading goes away.

Be patient. Let account double every 6-18 months, and before you know it, you are a millionaire scalping 1% of your account making 5-6 figures a day

Within 10 years, you will be set. This takes time, but foundation will never crumble when set up properly

Want to build a castle, or gamble everything you have for a small chance to win a castle that you might want to gamble after winning?

[tough hull]

I agree, i keep leverage to minimum to manage position easily!

[jaunty trail]

Good talk. Always need to remind myself of my boundaries every now and then.

[weak glen]

The comments inside that swing high/low indicator description are hilarious. There's some dude who was pissed that the indi isn't calling real time highs/lows. Uh, buddy, what you're looking for is a crystal ball, and it would be worth its weight in gold haha

Yep, it would definitely be nice to have an indicator that could call tops and bottoms the moment it happens...

[hidden moss]

Lmao

[vernal jolt]

so who here is entering this?

https://www.forexcup.com/

I think its a cool competition to see how good you are at trading

i will try it and see if my insane method works or not

[vernal jolt]

I concur. Risk Management, Margin Management, Exposure.....control these and profit comes.

I could call it RME ha ha

[hushed wharf]

What time does market close tomorrow?

[analog onyx]

I should take a look xD

[analog onyx]

Still working on it x)

[gloomy sand]

What do you guys think is the best sensitivity for the 1m chart for day trading

[empty solar]

That'll depend on the asset for sure - 1m is by far the hardest timeframe to trade

[smoky finch]

@empty solar how does the market scanners work

I reacted to the ones I want. will I get alerts in trading view

[empty solar]

Perfect 🙂 So you get alerts in discord

To set alerts in TV:

!alerts

[hidden moss]

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

[gloomy basin]

Hello Everyone, Im glad to be a member! 👋

[empty solar]

welcome 🙂

[smoky finch]

thxs i c it

[patent skiff]

Ended the day green +$5500

CAN / HOTH came through today

ACY made quick 2 point scalps on halts

[ocean elk]

Hello, So I'm new to trading and just purchased LuxAlgo. I'm learning to trade crypto.
What would be a good place to start when trying to figure out setting up the indicators? I have watched the videos in the vip-guide section but not really sure I like what I see after watching them. I like to trade from the 30min, 15min, and 5min charts. Any help would be welcomed... Thanks

[empty solar]

If you're new to trading don't go below the 15m timeframe

Those are for experienced traders

stick with the larger ones

[ocean elk]

Noted.. Thank You

[empty solar]

There a few good guys in here with years of xp who can trade them 🙂

So may be able to recommend how to learn

But in general stick with higher

[haughty knoll]

dang my tradingView seems to be stopped at 14:00, can't refresh it. Any tips?

[patent skiff]

RIP

[haughty knoll]

ah nevermind, found that forex.com data was dead, changed to oanda, solved it

[wind wasp]

What the best sensitive an agility settings for lux algo premium ?

[haughty knoll]

depends on what you trade it seems, and on which timeframe. Don't take my word for it...it's my 1st day here, but I've been adjusting the settings, then checking how the signals look in terms of amount and precision. When you're happy with what you see, try a few trades, checking other indicators too, oc

[patent skiff]

Just use the standard that it comes with

[wind wasp]

I i like tesla an apple an bitcoin

[ocean elk]

Is Lux a live indicator? Or does it wait for a candle to print? Just got it so haven't noticed if it is or not yet...

[patent skiff]

its live

[ocean elk]

Thank You

[hollow pollen]

Does anyone have any good Sensitivity and Agility settings for trading ES futures?

[fiery idol]

Ok guys just want to wish everybody a very happy new year!! Good bye to 2020!!! I’m excited for this new year im so happy I have invested in myself and learned how to make income this way!! Thank you to Lux for adding confidence to my trade decisions and I wish everybody their best year yet!!!!

[thin trail]

🤍 happy new year @fiery idol 🙏

[bitter olive]

Has anyone gone the route of getting funded through FTMO?

[half perch]

Is the market closed?

[fiery idol]

What time frame you looking for?

[hollow pollen]

Hey @fiery idol looking at anything from 5min to 30min.

[gloomy basin]

What about for forex pairs? Anyone have a good S an A settings! I look at 1h, 4h and daily 15mins for a good entry

[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]

@gloomy basin ^

[cinder sorrel]

Just bought

Happy new year

[flint hornet]

^^^ same here.... HAPPY NEW YEAR.

[vernal jolt]

as an experiment i am trying it.

[fair kernel]

Happy new year friends

[ancient wigeon]

How do you find these stocks? Some kind of screener?

[vernal jolt]

Why are you looking at specific time frames? Do time frames matter much?

[bitter olive]

Dope. Any pointers about how you’ve been staying in bounds for the max loss qualification since they base it off the equity

[vernal jolt]

Control exposure and use small lot sizes take profits early and report no losses.

adjust lot size if your exposure is going high

[bitter olive]

Appreciate it boss. How far along are you with the challenge?

[vernal jolt]

I registered this morning...

found out about it 2 days ago

[bitter olive]

Gotchu. I hope you do well ✊🏾

[vernal jolt]

and you as well best of luck

[jagged venture]

Happy New Year Everyone! 🥳

Wishing Everyone good health, prosperity and 6 figure plus bags! 💰

[thin trail]

ayyy you as well @jagged venture 🙏🙏 big year

[vernal jolt]

now this is mentalist

but it will make profit 🙂

thanks lux

I am on pair 20 now

[stable dagger]

why heikin ashi

[vernal jolt]

i like it

they tell me a story

i advise using the advice of lux on candles unless you can really understand them

remember candles are like russian dolls

a tf divides with an other an do on

15 is combined 3 times to make one 45

all you want are mountains

[weak glen]

I find lux works extremely well on renko charts, doesn't matter what you use as long as you test and understand it

predictive S/R is also spot on with renko

[vernal jolt]

agreed

i am a visual trader

infact who knows what i am

[weak glen]

Firm believer that nobody can be successful until they discover what their personal trading style is, and build a strategy around that. Trying to do anything else is just going to slowly drain the account

The good thing about lux is that it is so adaptable and customizable, that it can be worked into just about any trading method

[vernal jolt]

yes i would probably agree

https://www.tradingview.com/chart/7zh6K4YF/

this is a tougher one you will need to take 10 pips and stay for longer with some trades

mountains take your 10 pips

[cinder sorrel]

Does Lux Algo work better with heikin ashi?

[vernal jolt]

no

its not recommended by LUX to use HA

its my personal way

you need to understand backtesting has implications with HA

[weak glen]

confirmation candle coloration works similar to HA anyway. @vernal jolt have you noticed many difference between when HA changes vs your lux settings?

[vernal jolt]

there is a variance because you are using once per candle close

a HA shows you the price movement inside a candle for the time duration

HA has a lot of price movement inside it

[patent skiff]

LOL what @vernal jolt HA IS RECC. for lux

wtf????

HA is best used for trends which is what Lux specifically recc...

Does it really matter in the end? no... But dont state something that Lux specifically to do

[vernal jolt]

I like this. Would you like a trading challenge?

I propose a 5 day challenge each of us post our profit in £. Let the better man win 🙂

[naive blade]

HA candles are great if you day trade/trend trade, not good for scalping though

[hollow pollen]

What would you propose you look at instead of timeframes?

[short kayak]

@vernal jolt what are the challenge rules 🤔

[weak glen]

I'd like to get in as well. How do we verify results? Myfxbook? I don't think that shows 5 day intervals though. Also, different markets would lead to unfair comparisons...

myfxbook obviously only works for forex

[short kayak]

@weak glen I think everyone should have a live account to participate, that’s the best way to get those “realistic “ 20.00 lot trades out the way

[weak glen]

Absolutely agree. Will prevent people from taking inane risks because ‘fuck it’

So maybe a fixed starting amount, and then measure % gain to accommodate people trading different markets?

[short kayak]

Everyone should take a screenshot of their account with the “live” banner on it , and yea recording the starting amount is perfect , I can set up a telegram room with all the participants

@weak glen what’s a good starting amount

[mortal lark]

did someone say trading challenge? 😮

[true jasper]

I'd be in - except I have a challenge starting as well... but it sounds amazing!

[mortal lark]

Happy New Year! Everyone!

The Lux Algo Account Challenge 😮

[weak glen]

Good question. Should probably be small enough to were others feel like participating, but large enough to where gains aren’t minuscule. $1-3k? I don’t know, anybody else have any thoughts?

5?

[short kayak]

Yea , whatever amount

[mortal lark]

We can do it off just percentage. Not necessarily on how much money. Cause I personally am doing a shorting strat and i need to have a 25k to get over pdt and be able to have a broker that will give me shorts

[cinder sorrel]

Do one for each market

Maybe like

Forex/commodities

Stocks/Futures

and then

options

[flint hornet]

I am new with LUX Algo V3.. what are the recommended sensitivity and agility settings if anyone don't mind

[cinder sorrel]

I asked this same thing before and what I suggest is finding your own sensitivity and agility. It's different for each pair/stock/cmd so just go to each chart and adjust until you see the signals are accurate.

here is @true jasper vid about it

https://www.youtube.com/watch?v=147Vxvduyx0&t=1s

[vernal jolt]

I am forex only and very happy to be part of this

My philosophy is a little different on trading but welcome a great fair trading challenge !

[cinder sorrel]

Whos going to organize this and keep track

[vernal jolt]

I am very disorganized!

[cinder sorrel]

Lets get Gecko to make this a vip-wide challenge

[vernal jolt]

Let enjoy the competition. This should be great.

Like it

I would propose this. A max lot size per trade. Possibly 0.4 or so.

[empty solar]

I can arrange something if you all want 🙂

[vernal jolt]

No limit to the amount.of trades made

[empty solar]

Make it an official event

With some prizes ect

[vernal jolt]

Excellent.

Looking forward to it.

[short kayak]

A max lot size of .4😐 @vernal jolt

[weak glen]

I guess %gain would be the only fair option if people have to worry about PDT. The only slight issue is that it’s always going to be a little easier to make money the more you start with. But %gain would mostly make that negligible I think

[vernal jolt]

Ok agreed. what about lot size?

I am fine with percentage gain

[weak glen]

Why cap lot size at all?

At least for forex, there really ought to be a starting cap. That would make it fair, and prevent people swinging monster lots around.

[vernal jolt]

I think a gbp 20k min balance should be in place. Then no holds bar to see what we grow the balance by in percentage by 2 weeks or 1 week etc.

no limit on amount of trades or pairs

Infact I am fine with pure percent gains.. over even as little as 10k

[empty solar]

@wintry trellis Let me follow up for you

[true jasper]

If it a a challenge for revenue, what if it’s a starting amount - and at the end, you compare balances?

[vernal jolt]

Yes that would be a good method. A percentage change in revenue increase. However, I would not want anyone taking outlandish risks.

[rain oracle]

Not good results this indicaters crypto market any setup

[weak glen]

I use it in crypto every day. Works fine for me.

[wooden dock]

can u send ur settings

[rain oracle]

12.1 1 minutes

Only loss

@weak glen what you settings

[high bluff]

Hello i have question Mal fx show in his video his strategy he set pipsignal slop and lux oscillator with changing colors i don’t have it .

[vernal jolt]

I am afraid if you are making a loss, it is not because of this indicator. Its because of your approach to trading. Everyone must learn themselves. I can speak personally and say that this is a very good indicator and a lot of support is given to make you a decent trader. Everyone has a journey when they learn to trade, and it seems you are a little frustrated. I would start trying to understand very well what you are trading with virtual money to understand it.

[modest dome]

@rain oracle 😂😂😂 are you really relying on an indicator for your trading

[vernal jolt]

I would naturally win if this limit was in place. Or unnaturally win.

[modest dome]

It’s not the indicators fault you’re losing. The indicator is probably one of the best to use. It’s not a signal bot

[vernal jolt]

I recommend watching some videos made by pro-callouts There is a fine trader call @true jasper who i think everyone can learn from. As a trader he wont be beaten in performance by many people apart me myself.

form*

from*

@true jasper trying to bring some emotion to your trades as I try to compete lol

[rain oracle]

@vernal jolt I am set all type setup but not best results

Crypto market

You suggest me crv/usdt best settings

[vernal jolt]

Crypto while profitable requires a different style from what i carry out on Forex.

I would suggest very strong portfolio and risk management on Crypto.

I would also suggest very small exposure using BTC as your base

I would not use USDT as a tether

you will need strong entry and exit not using all of the indicator. Take a smaller profit to secure it. Crypto has a bunch of "feelings" involves rather than macro and micro economic conditions... I suggest before losing money start to learn to use the ocilator, volatility and volume indicators

then learn to use confluence

use this with the indicator to give you a confidence level to make a trade then dont trade. backtest it.

prove to yourself that your approach is correct.

[rain oracle]

@vernal jolt what's your trad market

[vernal jolt]

I trade on anything that moves on forex with a decent spread by my broker

I do not suggest learning my method of trading

i would suggest the @true jasper he has some great youtube videos and I would take time to watch them.

I recommend you watch some of the cool videos and learn how to setup and use this tool kit

There is no "the best settings" respect each pair and approach with full analysis.

each pair has a different setting.

[high bluff]

Hello i have question Mal fx show in his video his strategy he set pipsignal slop and lux oscillator slop with changing color i don’t have it.

[violet meadow]

i do have it, but it shows different on the chart, it's not like his videos

[high bluff]

Ok thanks

[rancid shell]

Not promoting FTMO but I passed their $100k challenge for funding capital just by using LUX Algos software and I have to say anyone thinking about getting Lux just do it ! The software is amazing 💎❤️

[meager drift]

Great. FTMO is one reason I got LUX. Can I side chat you? I need to refine my setting as you know FTMO is very sensitive on SL and Daily loss. If you dont mind

[rancid shell]

Yes pm me !

[rancid shell]

My favorite 1h set up 👍🏽

[vernal jolt]

I hope to follow as an experiment.

its nice and cool ready to begin

let me see what happens..

[rancid shell]

How’s everyone’s weekend going tho what do we got planned 😄

[vernal jolt]

the tournament?

yes i am ready

[vernal jolt]

you did not have to do their challenge manually did you?

feels like a lot of effort

i will expose 500 trades at 0.1 lots to them

let us see

per day

all lux powered

i have a 35k £ agressive powered one

[granite barn]

is anyone else having issues with their trading view app blacking out?

[rancid shell]

Trying just closing out the app and re opening it and if that doesn’t work then log out and then log back in

[supple sail]

Yo guys check out Msft charts

4h broke trend and gonna test resistance as support, 5 min into monday looking like there should be a nice pullback at open

[waxen warren]

How do I get ahold of support

[empty solar]

You just ask in the support channel 🙂

or email

[cinder sorrel]

@vernal jolt Do we have a limit on how much of our lot we can use

[weak glen]

"I would also suggest very small exposure using BTC as your base"
Did you mean quote currency? If so, I have to respectfully disagree with you on that. Its much simpler for a beginner to use their own home currency as the quote. It's going to make the whole process more confusing/complicated having to make that mental adjustment, plus its pretty wild trading an altcoin against bitcoin at the moment due to prices. If you did mean base, then you're recommending that they only trade BTC? I'd have to respectfully disagree with that also. Not a great place to begin

Couldn't agree more with your point about USDT though. Tether might have some serious regulatory issues coming up. In fact, this is realistically not a great time to enter the crypto market in general due to uncertainy around tether. That could drastically affect the entire market. Tread carefully

A pretty good pair for beginners to trade right now might be lumens/home currency, or ADA/home currency. Pretty reasonable and predictable action on them recently for the most part

[rustic hazel]

IF you are trying to copy MalFX The ppSignal Slope indicator is on trading view, but it is not already associated with lux, you must first apply the indicator @ 200, once it is on your chart you can apply it to the Lux Oscillator but it wont be an option until you apply the PPSignal Indicator. I set my charts like his today, message me if you need more help!

[rustic hazel]

I'm preparing to take the challenge this month!! No sense in trading on a tiny account when I KNOW I'm profitable

[rancid shell]

Remember to take your time with it ; you have a whole month for 10% that breaks down to 0.50% a day. My suggestion for anyone taking it , a marathon not a race 💎

But you got this!

[rancid shell]

If you can learn discipline I consider you better than 85% of traders because you understand the #1 thing just as important to making money is also protecting your capital and your limit to exposure. Talk to any professional trader and ask about their risk rules. Most trades die from risking too much wondering where their money went! Protect your hard working money and let the trend be your friend! 💻🚀

[rare wing]

nobody:

btc: 🚀

[vernal jolt]

I was writing about trading BTC vs Altcoins. And Keeping BTC as your base to trade from rather than Tether because of exactly the point you mention regarding regulatory pressure and quant easing that is about to happen

[rancid shell]

Who’s ready for another great week of killing the market with Lux 🚀 Easily another 500 pip week

[fossil oasis]

Hey guys! What do you think about snap? I bougut last week at 51$.

[rancid shell]

Snapchat?

[fossil oasis]

Yes

[rancid shell]

How to become a better Trader : Take 1 hour out of your day and learn 1 thing new Monday through Friday and learn as much as possible and take notes’ 🚨 Then when the market closes read over all your notes and study! Too many traders want to get “ rich quick “ but won’t take the time out of their day to sit down and learn. Guys the more we learn the more we earn!! People that make $500+ a day make that kind of money for a reason!!! Let’s always keep learning so we can grow 💻✅ FOREX IS SIMPLE. Daily motivation for everyone 🏆

[lament tapir]

Facts!! @rancid shell

[rancid shell]

My Brain is a A to Z dictionary when it comes to forex been doing it for years so if anyone wants to pick my brain my PM’s are open don’t be shy!

Ask me anything !

[old aurora]

Hi all.. just join Lux Algo... any advice for the setting for Forex day trade?

thanks

[rancid shell]

You can Pm Stephen and I can help ✅

[fiery idol]

Going to be the start of a great year

[vernal jolt]

I have no idea. but you are probably right.

[vernal jolt]

You are a fine trader.

I am ready.... Who else is waiting for 11 pm GMT ... let the earnings begin..

first trading day 2021

[severe umbra]

helloo i just joined can´t wait to try this tomorrow

[empty solar]

Welcome 😄

[severe umbra]

@empty solar thank you

[rustic hazel]

Welcome @severe umbra I’m new here to and so ready to put Lux to work!

[severe umbra]

@rustic hazel thank you yes im gonna do demo trading tomorrow to try it out and set the settings to my trading style. so excited to see what can do

[rustic hazel]

@severe umbra I’m using a demo too! Gonna try to get 100k funded account so I’m using FTMO! If you are a beginner you should definitely check it out, they give you money to trade if you can pass their challenge. Good luck to you!!

[rancid shell]

Good luck to both of you in your new forex journey excited for you two !

[severe umbra]

@rustic hazel girl that´s great!!! go for it. i trade the mini futures market now im just building my account

[hexed delta]

Are the red marks areas of resistance on BTCUSD?

The ones above the price as it moves to ATH’s

[uneven cargo]

ETH gettin ready rn

[thin trail]

yes a new predictive range has formed since it’s breaking out higher

[manic spindle]

Hey guys I need a little help I went through the initial setup for creating signals on trading view and followed through step by step to get the signals on a specific timeframe to no avail. Is their anything I’m doing wrong because I’m still not getting alerted when their is a strong buy or sell signal.

[thin trail]

!alerts

[hidden moss]

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

[thin trail]

!scanners

[manic spindle]

Yeah thanks Ik how to do it

[thin trail]

Should be working - make sure your settings are the same

as the alerts you set

alerts are settings/timeframe specific

[thin trail]

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

This is an interesting setup for ETH @uneven cargo

[manic spindle]

Can anyone hop on a zoom that has this down I can’t seem to get it functioning correctly 😅

[empty solar]

In terms of setup?

[manic spindle]

Yes

[empty solar]

!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

[vernal jolt]

sooo.... how funky are the pricing going to get as we enter our first day?

[weak glen]

All good mate, your write up was good. I just like to see new folks get into the space, and it can be pretty overwhelming to start with. You catch any of that ETH run this morning?

[cinder sorrel]

so whos idea was it to pump the fuck out of metals lol

[tranquil notch]

whats the lateset on GBP Brexit Day?

[supple sail]

lookin saucy for tomorrow near open

[supple sail]

Apple ready to bounce in 1h 2h and 4h, 5min show break of downtrend similar to BABA's chart

thoughts yall?

broke resistance, bottoming tail, gonna wait

[rancid shell]

Sup guys how’s everyone’s trading going 💎

[gloomy basin]

still patiently waiting⏳

[tranquil notch]

whats the lateset on GBP Brexit Day?

[rancid shell]

Man I’m a ready to murder the market again this week 😎

[gritty prairie]

Hey what’s up everyone. Glad to be here and kill the market💪🏾

[thin trail]

Welcome! @gritty prairie let’s get it🙏

[gritty prairie]

Backtesting for tmrw morning💪🏾

[vernal jolt]

ETH was due a move to be fair it was a matter of time. Also with XRP having interesting times, some ALT trading volume has gone its way.

[peak willow]

Hello all

Just bought the Lux Algo ( a couple of minutes ago )

Can't wait to use it

[stable dagger]

@lapis isle favorite pair to trade?

[lapis isle]

Gbp usd

[stable dagger]

cheers

[rancid shell]

30 more minutes until New York opens 🗣

[drowsy shore]

https://tenor.com/view/hart-its-about-to-go-down-gif-9764108

eurusd

[rancid shell]

As we move into New York everyone be sure to only risk 0.50% - 1% per trade! 🙂 #keepyouraccountalive

[rancid shell]

Your knowledge is what pays you in the market 🚀🏆💸

[rancid shell]

That’s it for trading today gonna go play tennis I hope everyone kills the rest of the market today 💻 #risk-management #patience see y’all tomorrow !

[bitter topaz]

Thanks for sharing @rancid shell and for the positive, can-do attitude. Enjoy!

[rancid shell]

Glad I can work with a team who all wants to learn 😇💻💡

[rancid shell]

What makes a Trader Good ?

1. Uses Risk Management
2. Journals
3. Has a clear mind before trading
4. Checks the economic calendar
5. Is patient !
6. Good Risk to reward
7. Follows the rules to their strategy
8. Doesn’t let the market control emotions
9. Is always hungry for knowledge
10. Stays out when Daily loss limit is reached
11. When daily profit goal is hit they stop trading till the next day
    Just some tips 🏆

[haughty knoll]

Hey Nate, about that 0.50 to 1% trade risk. Does that mean the max potential loss per trade, or is it position size per trade?

[rancid shell]

Max loss overall ; so example if you have a $1000 account don’t lose no more then $5-$10 per trade.

Your lot size can be anything you want and I’ll explain how
$10,000 account
$100 = 1%
10 pip sl would be a 1.00 lot
50 pip Sl would be a 0.20 lot
If both were losers it would still be 1% overall

Notice how the lot sizes were different one bigger and one smaller but the overall risk stayed at 1%

[haughty knoll]

Makes sense, yeah. Thanks for clarifying!

[rancid shell]

Of course !

[severe umbra]

thanks to lux algo i got 20 points today in the ES

👏

[rancid shell]

Good Job Roxy!

[severe umbra]

thank you

[haughty knoll]

you rox!

[rancid shell]

Just showed up to the court if anyone has questions feel free to Pm me and I’ll get back to you when I’m done playing ! Can be any questions about Lux or just overall trading in general 🙂

[frank mesa]

Nate some questions.
What do you mean by journals? Is that like "Learn from past mistakes"
Do you also need an economic calendar when trading FX? I've not seen the news have an appreciable effect on the price development. But this might be because of my trading strategy or I just work on the wrong timescale
Why would you use a profit goal? Doesn't that encourage more risky trading when the day is ending and you haven't hit your goal yet

[haughty knoll]

Journals are great, I started to do that a month ago, and it just solidifies my trades and prevents overtrading, haha

[severe umbra]

well 40 points so far in the ES and keep going lux is my best friend now lmao

[rancid shell]

And for anyone who is on Demo take advantage of that before you go live’ 🙂 To make anyone feel better I was on a demo for a whole year !

Back from my match !

[haughty knoll]

Yea good tip Nate, been on demo for 6 months now. Sure I get lucky...but still not constant enough to go live.

[rancid shell]

And to also answer another common question -> “ when should I go live “ my reply is always this. Make a weekly pip goal and when you can hit that number consistently for 3 months then go live 🙂 !

Patience is everything guys the market will outlive us it’s not going anywhere 🏆

Be sure to share profits in the share profits review I want to see everyone’s good work with Lux as well 💻👍🏽

[vernal jolt]

Here is my main account so far. I then to cope with the exposure requirements of FTMO reduced to 0.1 lots a trade and have run this for a day so far. Seems easy to make FTMO accounts

[rancid shell]

Yeah it is easy I have 1 ($100k) account and 2 ($50k) accounts

[vernal jolt]

can you attempt to qualify for more than 1 FTMO account at a time?

[rancid shell]

Yes

[vernal jolt]

I could probably attempt 5 at once?

[rancid shell]

I passed all 3 at the same time last week

Not sure what their limit is

[vernal jolt]

based on my trading pace it would be about 15 trading days to pass the challenges

safely

30 days i understand is the limit

[rancid shell]

Yeah I passed both challenges in two weeks

[vernal jolt]

I go with 35k aggressive

[rancid shell]

They only have 10 25 50 100

[vernal jolt]

I say the max allowed in £ was 35k

saw*

[rancid shell]

I’m USD

[vernal jolt]

I am £ not EUR

the country that for some reason left EUR

USD may have better rules

[rancid shell]

Lmao right

Dude tennis makes me poop lmao

[vernal jolt]

we are going to lockdown at 8pm tonight

so its GBP short time i guess.