💱forex-chat

[jagged slate]

Yeah I had to google

I think it's french-ish

Supply n demand

[mortal trench]

North Carolina US

[solar python]

Some1 from us might guide you to proper broker, unfortunately i can’t help you because i’m from europe

[verbal crag]

Wich broker do you use in europe?

[smoky root]

I'm n the UK and i use Pepperstone for my main account (web based CTrader) which i have to say for spread betting FX & Indices is very good. & for my R & D test account I use Vantage FX with MT4.

[smoky root]

Hi all. For all you FX traders, if on a Friday you would like to find a trading opportunity which can make you a nice few pips within an hour of so, take a look at Nas100, S&P500 & DJ30 from 2pm UK time. The US opens at 2.30pm which is when the BIG moves happen. you can be in and out within an hour and you can pick up some nice profit to end your trading week!

[solar python]

Libertex

[hardy tusk]

which unregulated broker do you guys recommend for someone in the united states?

regulated ones here only offer 1:50

[opal kayak]

mine

[solar python]

Let’s fucking go!!!

[smoky root]

Morning all!!

[solar python]

Mornings

[smoky root]

how's everyone's trading go this morning?

[icy wraith]

Hello guys, if anyone pass me a solid strategy here, i will give one too solid ✌️lets go all profitable

[summer wedge]

wonder wheres @echo kiln gone 🤔

[echo kiln]

😆 Im lurking around, my real life job is getting in the way 🤣

[solar python]

That candle lmao// gbpnzd btw

S&R pretty good sl points so far… did place my sl just below the last support and the price tested that area twice and sl didn’t hit by few pips lol

[magic grove]

Can someone please recommend a good strategy to use that’s pretty profitable. Literally been losing 😭 I’m all over the place please help

[summer wedge]

how much trading experience do you have mate?

[magic grove]

I’m very familiar with forex. Not a beginner but my entries has been very bad and way off

[summer wedge]

the reason i ask is because i have some trading experience too and that is coming in the way, a simple strategy shared here and i was messing it up trying to add more criteria and rules .. and then over trading with greed etc .. i hope these are not the reasons for your failure? The 77% strategy shared here is quite good if you follow it to the T. My son back tested that strategy and recorded results in an excel spreadsheet which i reviewed and it gave 90% wins ... so its me not able to follow a simple strategy .. after recent minor losses i have completely stopped trading and gone back to back testing etc .. and will start trading again once i am more confident with my strategy .. hope his helps.

[molten haven]

Hey there everyone, I was wondering if you could recommend any help with when I should take profits

I always seem to leave it too late due to greed or too early and miss out on moves due to fear

[solar python]

What is your risk? My experience taught me that i (and many others) tended to have the same problems but i think it has something to do with risk… so too big risk might cut our profits too early. I’d advice to use minimal risk to see if it helps🙂

[molten haven]

I would typically go for a risk/reward ratio of 1 or 1.5

[vale crystal]

Head to crypto chat boys, we are smashing large profits.

[solar python]

I mean what is your % risk, i think that is more important

[smoky root]

Morning All. my risk on any one trade will only ever be between 1-2% of the account balance.. if I have multiple trades open they will never exceed a combined total of 5% of the account balance. right or wrong it seems to be ok for my area of comfort

[solar python]

It is all about personal appetite, you’re right👍 if someone has 90% winrate, i think there is nothing wrong on risking more than 1-2%. But most of the traders won’t reach that rate, me including🙂

[sage iris]

Anyone trading today?

[solar python]

Everyday bro😉 atleast ”almost”

[sage iris]

lol we all using lux algo as a guide?

[solar python]

Luxalgo is bae🥰

[sage iris]

Lol what timeframe are you using?

[solar python]

15min and 30min for me

[sage iris]

Ohk. With the autopilot sensitivity?

[solar python]

Yeah long term sens

[sage iris]

? 😵‍💫

[solar python]

What?😂

[sage iris]

Long term what? 😂

[solar python]

autopilot frequency

[sage iris]

Ohk.

[solar python]

Good morning

[smoky root]

Morning all. Just to let you know, be mindful of the news today, we have lots of RED on the board for Sterling, Euro & Dollar!

and don't forget the OPEC meeting all day, so keep an eye on the oil trades 🙂

[rapid marsh]

Good Morning

any have 5 minut chart settings

[jagged slate]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signal-settings

👍

[rapid marsh]

Thank you

[solar python]

Selling eurjpy, 40pips floating currently, aiming at 80pips, may take the risk off by placing trailing stop. Let’s see how it goes🙂👍

[solar python]

Trailing stop hit at breakeven 😑 better safe than sorry

[final ravine]

What do you guys think🤔

[grand parcel]

I love the trailing stop. I was in GJ. TS never triggered because the pair has been in a tight range. I just closed my order. Especially since there's a lot of news today.

[burnt rune]

What’s the best lux algo indicator/ strat?

[past acorn]

https://youtu.be/GETZTJqxZfU

probably this currently - more strategy videos to come such as this one: https://www.youtube.com/shorts/2uFmBUgPhXw

[raw slate]

I believe that is more of a subjective rather than objective question. Perhaps pick one and backtest it minimum 100 times and rince and repeat. If you can commit to even back testing a strategy I'm sure you will find the best one that works for you. A "best" strategy for one individual may not be the best for another. If you just start trading a strategy just because someone said it works you're just setting yourself up for failure. Trading with no indicators in my opinion is best because it trains you to actually see and understand what price is doing and where it wants to go. An idictator should be for confirming your directional bias.

[solar python]

Beware for gbp and eur traders be safe out there🙏

Mixed forecasted data both for gbp and eur, will see the true outcome in few minutes

[mint rivet]

what app is that

[fresh yarrow]

It's called Myfxbook

[mint rivet]

thanks

[fresh yarrow]

No worries 😄

[mint rivet]

I just bought lux yesterday and I waited for a signal on GU

Definitely worth the wait

[rapid marsh]

Which Strategy bro ?

let me know if have good strategy 1 minut

[prime elbow]

Is anyone using Blueberry Markets?

[smoky root]

Morning all. We have some early Euro news today, and USD at 3pm trade safe!

[smoky root]

Morning. No I have never heard of them. Just did a quick google search. They are not registered with the FCA, which is a must for me with any broker I use. whichever country your in make sure they are registered with the required bodies in order to protect client money!

[prime elbow]

Thank you!

[prime elbow]

Which broker would you recommend?

[smoky root]

where are you based?
I'm in the UK and use tow brokers my main account is with Pepperstone using cTrader web & Vantage FX using MT4 but they are both registered with FCA in the UK

[prime elbow]

I'm in Canada

[smoky root]

whichever broker you end up using make sure they are registered with whichever financial body regulates brokers in your country.

[prime elbow]

Thanks for the advice!

[fleet basin]

Nzdjpy bleeding a lot...do u think will recover today or more downside?

[echo kiln]

so relaxing in this room....

[echo kiln]

Slow quick 5 pip short TP on 2.5 std lots. Don’t care if it goes further. Done ✅

[lusty cairn]

Hello, can I get the NASDAQ time frame 5 minutes settings

Hello, can I get the NASDAQ time frame 5 minutes settings

[solar python]

It was much more active back then🤔

[echo kiln]

Did the crypto folks brainwash a handful of forex members to join the crypto cult?

[solar python]

Great question… i think so🤔

[echo kiln]

Woke up a bit late, didnt take any trades yet, but the charts look good 🚀

[solar python]

Eurjpy looking good aswell, big shoutout to advanced oscillator and s&r !! Trailing stops to 141

[somber current]

nice little recovery on AUD/USD

[solar python]

That’s why i love trailing positions😁 trailed 8 positions to 50pips🥹 before the market crashed

[untold goblet]

buy gj to 165

[echo kiln]

nice trade

[solar python]

Thank you

[solar python]

I agree🙏

[merry edge]

entered that gbpjpy late, but entered at 0.3, and now doing 50$ profit

i've already done one trade and profited 120$, so more than paid

[untold goblet]

Started this account yesterday

My other account 🥰

[stone edge]

amazing work man

[stone edge]

0.20 lot its = 20 cent per pip ?

[solar python]

2$ per pip i suppose. 0.02 would be 20cent

[stone edge]

is that good plan money management for 1k account?

or its would be high risk ?

gold market closed now or there is something there no move !

[solar python]

The pip amount doesn’t really matter imo, i would pay more attention into % risk

Most people recommend 1% risk per trade

[untold goblet]

gold to 1720

i see gold dropping more tbh

[solar python]

Yeah oversold currently so risky to enter now but i am seeing the same setup

1780 my bet before continue the trend

[untold goblet]

bear flag 15 min will see if it holds

[plain hamlet]

i want to get into forex someday but i just dont understand how it works, like what are pips and stuff lol

[untold goblet]

percentage in points is basically how much the market moves

another long position opened

[plain hamlet]

nice!

@untold goblet i see you use a lot of trendlines and patterns, is that ur main form of analysis, how do you incorporate lux into your strategy?

[untold goblet]

I use the sr and patterns indicator followed by echo, parallel pivot lastly the lux algo premium there all use them as confirmation

Caught the sell on gj 🥰

[midnight eagle]

The only thing that matters is, the % risk per trade, and based on that you can derive if you wish to have 1:1.5, 1:2 or more R:R ratio.
Say you have a 1k account and 1% risk per trade is max, then each stoploss you set should mean a $10 loss. If it is a 1:2 R:R ratio, then each trade your gain should be $20 or more.

The most important part is, you have to adjust the position size in each setup to fit the $10 SL and $20 TP rule (if that's what you set). Sometimes a greater distance for SL/TP means a smaller position size and sometimes a tighter one means greater position size. In all cases, you risk $10 to gain $20 or more.

[stone edge]

its mean if i have 1k account and risk 1% per trade and open lot with 0.20 i will get a very tight stop loss mean if price moves 5 pips im out .... thats why i think its kinds big LOT if im right

[coarse fulcrum]

@stone edge has earned the Lux Level 1 role!

<@!734830104924127324> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[untold goblet]

london session about to plunge gj

still waiting to sell gold to 1720

[midnight eagle]

but that's how it works bigger lot = smaller TP/SL distance for the same amount of risk taking...
and fixing the amount of risk taking in each trade is the most important rule so that in a long run if the strategy has a consistent win rate you will be winning

[untold goblet]

Gj sell to 158 we pass that then 155 then to 150

Gbpusd to 1.14708

gj

gbpusd

enjoy the profits 😎

[untold goblet]

If y’all took the trades above welcome to hyperspace more to come 🤑🤑

[coarse fulcrum]

@untold goblet has earned the Lux Level 1 role!

<@!711704861502079078> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[untold goblet]

Sell gold to 1720 we break that 1677 🤑🤑

[hushed coral]

What’s the best strategy for gold?

[untold goblet]

best strat for gold is very volatile i usually trade with 1hr and 4hr less noise

also risk management is key

sell usdcad

[untold goblet]

sell uj

131 tp

buy gold tp 1785

[untold goblet]

gj sells and uj sells moving well

gu will eventually go down also

ucad goes up due to oil going down

[fresh yarrow]

How's everyone doing this morning 😄

[untold goblet]

great

buy usdchf

[untold goblet]

gbpusd to 1.14

[echo kiln]

On all your charts, do you use the main Lux Algo Premium indicator? I don’t see it. Or are you pure price action with no indicators and just use Lux levels?

[bold crown]

golddd

Helppp !

[untold goblet]

I mix pa with the indicator for confirmation I’m more of a swing trader by looking at my 1hr,4hr,8hr and daily

GBPUSD Update 🤑

GBPJPY Update 🤑

USDCHF Update 🤑

USDJPY BUY TP 140

GOLD running well held the bear flag

Gold to 1720

[solar python]

I love trading daily sometimes☺️ so relaxing when you don’t need to care about every move… let’s you breath and relax

[bold crown]

now gold can buy ?

[solar python]

My favourite setups; double top, retest and entry after that let’s see how it develops

[solar python]

If you are trend trader i would say please don’t 🙂 but let’s say u are counter trend trader; go ahead😄

[bold crown]

Thank you

[sand knoll]

hello everbody

which is the best time fame that we can scalping with it ?

[slow lagoon]

5 min time frame or 15 min

[sand knoll]

thanx alot im trying with 15 min

[untold goblet]

gbpusd

gj

uj

a break above would go for a triple top we shall see

buy gj and uj 🤩

[solar python]

Is those lines luxalgo own s&r patterns or did you draw them yourself?

[prisma nebula]

what do you think guys

[echo kiln]

Hey, are you pure price action or do you use the Lux Algo Premium on your charts?

[prisma nebula]

i prefer to use lux macd and rsi more than buy sell signal

[echo kiln]

You sure are posting alot of bare charts on many instruments with only levels, but not really answer a few questions on whether your using Lux Algo or anything? So not sure what the end goal is here? Let us know, im kind of curious on all your calls and levels, but no real discussion on your part

[echo kiln]

Nobody knows....if I didnt know better, this is a bot postings random bare charts, calling at trades with levels. not sure what is going on with this, out of the blue....🤷🏻‍♂️ 🤷‍♂️ 🤷🏻‍♂️ 🤷‍♂️

[solar python]

Yeah quite a spamming here lmao… might calm down a little bit

[echo kiln]

Im thinking this person is waiting for us to DM him to ask about his charts and calls, so he can advertise another service? Thats my guess

[solar python]

Yeah thats my thought as well😅 we’ll see.

[untold goblet]

They are lux S&R patterns

[untold goblet]

It’s both I use pa with lux s&r pattern I also use pivot lines with the lux echo forecast I don’t use lux algo buy and sell signals or there premium indicator

[untold goblet]

Nope I don’t sell a service and I’m not a bot I’ve had people Dm when they saw my profits they asked for some help I said learn from your mistakes I use supply and demand mixed with trendlines also I wait for confirmation went from day trading to more swing tradings I like it better I integrate lux algo s&r pattern with echo forecast and pivot lines to determine where price is going

[smoky root]

Hell Yeah, I swing trade, like levatsu99 said before, its more relaxing not having to worry about every move, trading the D1 chart is great. find the trend, and go with it, don't have to worry about the pull backs, reversals or checking different timeframes! 🙂

[neon saffron]

where i can found USOIL chart

[solar python]

Tradingview?😂

[neon saffron]

I mean idea here

[echo kiln]

Ok cool, so your not a vendor. But your calling out random entires on a ton of instruments. Don’t you think that’s a bit much and unnecessary here if your not using Lux premium to back it up on your charts? Thanks for doing this, but this is not a signal service. Your just spamming here and there is nothing to learn from this.

Usdcad buy
EurUsd sell
Usdchf sell
AudUsd buy

[solar python]

Yeah… like you should now that we don’t offer financial advices here @untold goblet

[echo kiln]

This is what your doing, no Lux Algo chart to explain or a good discussion. Your just calling out a signal service type of comment. No one can learn anything for this. It’s spamming!

[jagged slate]

Removed it all; it is a little against server rules and suss

[untold goblet]

update on usd cad entered a sell because i saw three touches in the zone (green circles) using lux algo sr patterns support and resistance marked in red i do think it will hit the trendline in pink or my zone where the arrow is pointed using the lux echo indicator it seem to predict price will go down let me know what yall think

on the 4 hour we see a touch on the orange line marked by lux algo sr patterns

[echo kiln]

NICE, good job with the Lux levels, they are good, for sure...

[echo kiln]

Agree, 4 hr TF is pretty darn good for overall trend in forex....dam, for BTC as well...Yup, the 4hr I like for over trend, need to be patient though....

Is that the Lux Echo as well? or something similar? I need to try that Echo....

[untold goblet]

its the lux echo very helpful actually

[untold goblet]

update usdjpy 2 rejections off the zone in (green circle) we have a bearish engulfing with successful pull back and rejection of the zone (white arrow pointing), (orange circle) we have a fake breakout with successful break thru the zone to the support zone. we entered a down trend with 2 touches to the upper trendline in (yellow) we used support at lower trendline with successful breakout and used upper trendline as support, also we created a bullish engulfing with another green candle for confirmation (blue circle) lux echo says we can break above the zone but we will wait for confirmation i will enter a buy if i see a breakthrough to the upper zone with successful pulback and use that upper as support

[plain hamlet]

whats lux echo?

[untold goblet]

its called the echo forecast by lux algo

[plain hamlet]

is that a private or public indicator]

[untold goblet]

public

[echo kiln]

https://www.tradingview.com/script/Y8v4W3mX-The-Echo-Forecast-LUX/

[smoky root]

Morning All. Don't forget today is NFP. 1.30pm UK time , trade safe!

[untold goblet]

Damn Shinzo Abe has died rip

[jagged slate]

RIP 😔

[vale crystal]

What is that?

[fresh yarrow]

That is the run down of the NFP

It creates a lot of volatility in the market one most USD pairs and some YEN pairs

[vale crystal]

Thank you very much, I am not from the US. So unaware of all these reports and correlations. However, learning from experienced traders.

[dire shell]

https://finviz.com/calendar.ashx

[tight python]

Hi, have you tried the 15 M TF on this?

[echo kiln]

I have not really looked into this Echo. So I am not sure.

[tight python]

Also, do you guys change the optibot settings daily?

[echo kiln]

Boom, easy 10 pips with LuxPremium and the predictive ranges. Below Neo/Tracer, bouncing below predictive range resistance, my traditional exit hard TP is 10pips, which is pretty much to the next range support level. Nice little win. Price is still going down another 10-15 pips, dont care, 10pips, good enough for me.

[opaque silo]

link for predictive ranges ?

@echo kiln ?

[echo kiln]

https://www.tradingview.com/script/ZGl2xWym-Lux-Algo-SR-Patterns-Premium/

[opaque silo]

oh man.. yeah..

thanks 😄

[echo kiln]

All good stuff here

[opaque silo]

yeah just new

[solar python]

Good stuff bro... keep em coming😎

[echo kiln]

Thanks, forex is good stuff, cant get hurt too much if on the wrong side......Crypto is fun, but hell, dam...need a rest from that a bit

[solar python]

Yeah man, 10 pips a day, who needs crypto? Keep doing it man if you can do it consistently

I have been switching more to swing trading recently as i am better off trading bigger tf so i haven’t seen good opportunities in fx for a while

[echo kiln]

agree, bigger TF are safer and takes patience, cant over trade swinging bigger TF

[solar python]

Yeah man had big troubles scalping… not that my strategy isn’t working somehow it messes up my head and can’t be off the charts

[echo kiln]

Yeah it’s tough, hardest part is your head to your fingers on the mouse. That’s why I’m not greedy, 10 pips . 1 or 2 trades a day, and I’m out, later, bye, done

[solar python]

i admire your discipline

[icy wraith]

good job man can you recommend a forex strategy?

[echo kiln]

Lux has some pretty good videos and shorts on their YouTube channel. Find one you like and build on top of that 🚀

[echo kiln]

4 more hours until post-time 🤪

[icy wraith]

Hi guys, I've done several backtests now but I don't get a satisfactory result. Unfortunately, I often notice that I miss the strongest movements. Can you recommend me an Forex strategy in the 5min and 15 min chart? What indicators do you use here?

[jagged slate]

Have you seen my latest video?

[icy wraith]

from 06/15? the "Super Easy Scalping Strategy"? .. I saw the video and also tested it myself for 5 days. However, to be honest, I was not really satisfied with the results. or I just caught bad days..^^ Do you have any longer-term experience with this strategy? do I have to try them longer to see clear results?

[jagged slate]

A guy here said he paired it with ADX to filter a ranging market

But what are you trading with it?

[icy wraith]

To be honest, I mainly trade EUR/USD and USD/CAD. maybe I should really switch to BTC. I have tried this from time to time but I was always unlucky with BTC ^^

[jagged slate]

I see I see; try to avoid ranging markets as best as possible. Or take the theory from that video and build on it

[icy wraith]

Ok great, thank you very much 🙂

[echo kiln]

I don’t think switching to crypto will solve your situation to be honest…did you see my chart I posted? It’s the usdcad 15m 5m

[icy wraith]

yes, I saw your post and I really liked the strategy. I tested a similar strategy myself (with Trend Catcher and trend Tracer, EMA13/TVA and RSI). Of course, it´s clear that you can't always have everything and also miss many top-opportunities. In the end, it is simply the overall result that counts. However, I am always looking for improvement and better setups . Whereby, of course, more indicators do not always mean better results

@echo kiln may I ask you how you set the S/L in your strategy? I would set the S/L as in the MACD / Range strategy of Gecko... however, I am not so enthusiastic about the R / R ratio in the range S / L strategy or is that adjusted to the volatility?

[echo kiln]

For me, I am not out to aim for the tippy top to short or the very bottom to buy, in order to grab the entire move. That would be nearly impossible, and I would certainly take a few more false entries and pound my head until it bleeds. Wait for the trend to form, just let it go, dont FOMO, I get in when it retraces back on a pull back, and I fire off a trade. Example, use the 15m for trend confirmation, then wait until the 5m to confirm, and fire away. For SL, I think I mentioned this weeks ago, I dont use a hard SL, price action doesnt care how pretty my chart is with the nice SL's or how great my r/r math is. My SL is my finger on my mouse, If I analyze my charts and enter the trade correctly according to my strategy, then I should be fine, when price gets into a bit of profit, I quickly move my SL to BE or better. If price goes against me, according to other indicators (and not according to my heart rate and nerves, this fact is very important), then I will move my SL to close out or just click "X" on my TV DOM or chart to close out at market...

If you see my 15m chart, its a consistent downtrend, right? then look at the 5m chart, how many entries to the short side you could had entered on this 5m for some quick scalps? Thats how I trade, I know its not for everyone, but it kinda works for me in forex.....for crypto, it does work, but man o man, I turn into someone else 🤣

👉 someone posted a good video about institutional traders going after our SL's, pretty good video....

[icy wraith]

All right. Unfortunately, it's really hard to get the perfect start. I have often burned my fingers myself. Your tip with the two different time units I will definitely implement!

[icy wraith]

That's true though... there you really find enough possibilities ^^
I do not know why, but Cryto is really a different world 😂

[icy wraith]

Ah okay, I have to look for the video 🙂

[echo kiln]

That video was not necessary for your question, I just thought and it interesting and a good one to watchm in general

[echo kiln]

15m and the 5m, is actually pretty fast, and some danger as well. Its best to go higher TF like using a 1hr or 4hr chart for trend confirmation, and the 15m for entries.....it takes patience though. remember, sitting on hands is boring and you get antsy, but it better that stressing out on a wishy washy trade...

alot of good traders in the crypto and stock room as well, most of their basic strategy can be used on forex as well....

They are much better than me 🤪

[icy wraith]

i think you can take something positive from everything. even if it's just little tips and tricks 😄

[icy wraith]

The advantage of higher time units is also that it is less stressful and the danger of overtrading is less present.

[echo kiln]

and just like @jagged slate suggested, no harm in adding your other non Lux indicators to your charts, if it works for you, then awesome. Just build on top of the simple Lux strategies they posted on their YouTube, there is so much value in those.......

[echo kiln]

USDCAD - Since open yesterday, 15m immediate trend with 5m entry, still good if your patient enough.

I sometimes look at a 5m and 1m as well...check it out 🚀

[tawdry dune]

big dump on AUD/USD... heading to the Mar 2020 low.

[restive widget]

Does anyone here know if the premium indicator supports AUDJPY or not? I don't see the SELL/BUY signals on the chart

[lime axle]

Actually I see mine @restive widget

[restive widget]

Do you see them on 5 min time-frame? I see them on all other time-frames but 5 min

[lime axle]

Yes I do look I’m using my iPhone on trading view

[restive widget]

Hmm. I'm on my computer and I don't see them..

[restive widget]

I'm asking the VIP support. Thanks for checking and sharing your screen!

[tawdry dune]

sometimes mine disappear too, if you tweak the sensitivities they can come back. Otherwise, have you tried reloading the indicators?

[restive widget]

Ohhhh I just deleted/added it then voila! They're now displayed on 5 min chart. Thank you! 🙏

[flat cloak]

can someone explain me the bars on right side explain what??

volume or resistance

@jagged slate

[jagged slate]

That's the Lux Profile 🙂

So can be used as SR

[coarse wigeon]

Anyone here from ontario canada that knows a good platform to leverage nasdaq and/or forex?....preferable with api availability

[echo kiln]

Im in USA and use Oanda, but I think Forex.com or IB is good for CAD

Im thinking Oanda is also good for CAD as well.....

[coarse wigeon]

Sounds good ill take a look thanks!, jw cuz ontario has stuuuupid laws on all this. Binance, ftx are totally unavailable , coinbase and crypto.com are not available for leveraging....so i was wondering if stocks were in the same boat for limited selection

How much do fees usually run if u dont mind me asking?

[echo kiln]

Fees for forex are the spreads

Typically

They should be all competitive with each other. Spreads differ from each forex pair. Maybe 1-2 spread

Maybe less

[untold goblet]

eurgbp looking like a sell to complete the inversed head and shoulders support is looking like 0.79364 marked by lux algo sr patterns

gbpjpy also looking like a sell we have touched the resistance line of 167.217 marked by lux algo sr patterns 3 times (2 times with a double top pattern at 168)

[coarse wigeon]

Ty

[echo kiln]

Im pretty sure you can open account at Oanda and Forex.com, both are probably the biggest and regulated brokers for the USA. I think USA, is maybe tougher on regulating trading, derivatives and certain assets..... Of course, what do I know? LOL

[echo kiln]

So the forex apps don’t have the cool snap shots like the crypto exchange apps 🤣 took a short for a quick hard target 10 pips usdjpy

[echo kiln]

Took another full lot short, then retraced a little, stacked my position with a half lot, took it down to mental 5 pip target 🎯

Ok I’m done for the day 🚀

[coarse wigeon]

Nice! Lol srry i was busy all morning riding these avax spikes and dips. Finally built my float

[echo kiln]

nice

[coarse wigeon]

Hahaha nice! Good show. I called it quits as well. +$500 today for me was enough. I dont wanna press my luck. Will wait for a different entry once things calm a bit

Im going to look into those u mentioned hopefully tonight. I got some auto traders that would work well on forex i think

[echo kiln]

auto, nice, i tried a few and observed some, but they all seem to crash and burn out down the road.....I have crappy luck in finding good ones. But if you have the discipline to take 1-2 safe trades a day, thats not too shabby for extra play money month after month....well, thats the plan LOL

look at your $500 today, lets do the math, lets say $200-$600 a day, DAM !!!!!!!!!!!!!

[solar python]

Imagine making 500$ a day consistently, that makes about 10k per month🤔😅

[echo kiln]

right?????? shit...but we know a few here in Lux that do that, props to them....I just need to have the ⚾ 's to do that

[solar python]

I am currently happy if i can stay alive in this industry lmao😂

[echo kiln]

Agree, break even sounds really nice, versus a loss for the day

🤣

[summer wedge]

with lux algo we surely get an edge ... need to work on the strategy ..

[solar python]

We have edge… if we can use that edge in our advantage which can be difficult especially for new traders

[echo kiln]

Yes, exiting is the hardest, your emotions come into play and you get all messed up in the head during that time. That’s why I use hard targets of 5 or 10 pips. I think Quan uses a mental target too, I maybe wrong

I know Quan is lurking in this channel now 🤣

[solar python]

Prob everyone is lurking😂😂 but no talking

[jagged slate]

most in shock

or on the floor from heart attacks

[summer wedge]

his previous trade hit SL, must be grieving

[echo kiln]

I heard, the news release probably bankrupted a few charts 🤣

[solar python]

Funny when people hit their sl, then disappear for weeks from here😂

[echo kiln]

He never said it was 100% 😎

[echo kiln]

It’s tough

[wind sinew]

Where dump

it seems that it retraced

[solar python]

Yeah it’s tough but not the end of the world if you didn’t loss that much. Maybe have some class of wine and forget?

[echo kiln]

Yeah, if you let it eat at you, your going to fall into a deeper hole, eating junk food, watching Netflix, and no showers and shit 🤣

[summer wedge]

do any of you know how the 100 x leverage work? For example if i have a 1000$ pot, and i do a 100x leverage on a trade, then how low can the price go before i get liquidated?

[woven vale]

1%

[summer wedge]

disgusting lol

[silver oar]

1%

[solar python]

-1% and your account is rekt

[summer wedge]

ah thanks lol, ffs .. i need a bigger pot then

[coarse wigeon]

Ya....theres a serious risk with it that needs to be taken. I havent found one yet thats more profitable then doing it manually. But keeping leverage around 5x tops 10x and limiting entries, taking profits at like 5% or less depending on the chart, in a month its a nice chunk

[silver oar]

unless your margin is very big and u take smaller size trades then u may have an acceptable SL

[summer wedge]

I have seen few here doing 125x ... i guess they have a huge pot to trade with

[woven vale]

the pot doesnt matter.. 1% is 1% and if u trade x125 its under 1%

[solar python]

I used to trade 200x when i first started

[coarse fulcrum]

@solar python has earned the Lux Level 3 role!

<@!755148714578018417> just levelled up

Welcome to the Lux Level 3 role! Thank you for being an active member of the Lux Algo community <3

[silver oar]

it is not about huge pots, if for example u take 125x with a small trade and respect your SL, it means u use less margin and still respect your SL

[summer wedge]

understand

[coarse wigeon]

Lol i also shorted the news of the cpi, im not optimistic in this market so i had a feeling it was gonna be as expected or worse. So i had my finger on the trigger

[summer wedge]

got it

[summer wedge]

how did it go?

[solar python]

I made 10k from 1,5k but wasted all that money on alcohol and gambling lol

[coarse wigeon]

This is definitely helpful. I have coded my own in pinescript but using the buy and sell indicator with my own rsi indicator gives me that confirmation and stress free to walk away

[solar python]

I was 18 so no wonder

[silver oar]

so went on a good cause Lol

[summer wedge]

impressive stats

[lethal flame]

sounds good investment to me

[solar python]

Haha i’m sober now maybe because of that😂

[summer wedge]

how long did it take?

to make 10k?

[echo kiln]

dang

[silver oar]

the only 125X successful trade i did was on XRP from 45 cents to 1.75$

[solar python]

Idk 3months maybe? 😂 i knew nothing about trading then, just trading us30 with crazy leverage and either blew my whole account or make crazy gains

[coarse wigeon]

Wooof....ya lol im not that good. I just wanna have 10k on forex and 10k in a crypto platform. Bots running them both amd taking profits at 1% every entry. If i can generate $50 a day consistently totally passive. Me and the wife retire

[summer wedge]

nice plan , well something similar for me too

[solar python]

I’m not big fan of the leverage though anymore but i am thinking if that might work that you invest like 50$, go all in; maybe you lose 50$; but on the other hand you could make far more than 50$

[summer wedge]

if you have created a good setup with lux algo, with really good back testing and results on an excel spreadsheet which you can review, if you have a high win rate then why not use leverage ..

test it out with a small account, till you gain experience .. and see if the strategy works and account grows

but all my trading friends are against leverage

[solar python]

yeah i agree, leverage doesn’t hurt as long as you have good track record

25x is fine for me

I quess 30x is maxinum for eu traders

[coarse wigeon]

Wherr can we back test?

Or do u have ur own?

[summer wedge]

i do it manually on tv

[coarse wigeon]

Ah kk

[summer wedge]

and record results

[coarse wigeon]

With strategy tester?

[summer wedge]

what is that?

[coarse wigeon]

On tradingview

[summer wedge]

never tried it

[coarse wigeon]

Right beside the script editor

Oh

[summer wedge]

ah i see

[coarse wigeon]

Theres a bunch of premade to find online butnimo the v5 code kinda sucks

I prefer v4

[opaque silo]

What pairs you trade guys ?

[summer wedge]

BTC, ETH mostly

[opaque silo]

i mean in forex xD

[final storm]

May I recommend Libertex Demo platform. Free, no time limit and you can reset it as many times as you want. I have been trading the Demo for 11 month now, giving me GOOD experiense.

[opaque silo]

btcusdt / ethusdt / solusdt / btcusd is scalped xD

[echo kiln]

usdcad usdpy eurcad

[solar python]

libertex is good and bad. they have "tiers" that give discount to spreads based on your capital

been trading for them for 5 years but i think i need to change. They have lot of maintenance issues, sometimes just when i need to close transaction. and sometimes they raise spreads out of the sudden

i recommend opening mt4 for them as their platform is very limited, no ta option for mobile

[echo kiln]

I just use Oanda for forex and I can trade off of TV charts. I like simple

[coarse wigeon]

Looking to start jpy/usd for forex. But in crypto im pretty much all the L1's minus eth and btc

Usdt

[final storm]

Correct. I use Tradingview and compare it with Libertex charts. You know, what you see is in the eye of the beholder. I often gets two different opnion in my head when looking first at Tradingview and then, to confirm my entrance I look at the Libertex chart. That gives me a pretty good picture of what's happening. To be honest, I really think that Libertex own chart WITHOUT inducators is perfect 😜

[echo kiln]

So you trade with no indicators?

[final storm]

More or less. I use Lux Algo as a back up for my confirmation. Mainly I enter a trade from the naked Libertex chart. Sad to say, but I never found an indicator good enough to trade like I do by my mind.

[echo kiln]

Hey if it works for you, then thats all it matters. 👍

[sour cobalt]

Does anyone please tell me what is the best timeframe to trade in forex .. especially in this type of choppy market

[untold goblet]

im more of a swing trader myself i use the daily,4hour,8 hour and 12 hour

[untold goblet]

also there is no best time time its all personal choice tbh

[sour cobalt]

Thanks prostriler

[sour cobalt]

Also can you please tell me which setting does you used in luxlago

[vale crystal]

lol, is the market opened?

[solar python]

One advice i got from the mods that change autopilot frequency to long term to avoid ranging market confirmations. Also you may try eq cloud or neo cloud to filter if the market is bullish/bearish or sideways

[opaque silo]

hey guys, where do you track your portfolio, like pnl profit and so on?

[tepid edge]

Hi, when trading on forex and enter a trade which settings are prefered for SL/TP. I normally use 1.5 ratio. Thanks for the advise.

[icy wraith]

J

[solar python]

Fxblue or myfxbook

[prime elbow]

I started trading forex quite recently. It's nice to sleep at a reasonable hour.

I would appreciate any tips or words of wisdom 🙂

[solar python]

“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

• Jesse Lauriston Livermore.

[echo kiln]

Getting tougher for me to grab that 10pips consistently, maybe my head is exhausted or maybe everyday it’s dam news driven knee jerks🤣 I may have to go for the higher % for 5 pip TP

[prime elbow]

Hi Micky 🙂

[echo kiln]

hey

[exotic lava]

Hi Can I ask some advice, I trade in crypt and never done in Forex or gold. Can someone advice which plateform is good from UK. SO I can integrate Lux with trading view?

[empty chasm]

Id suggest Vantage markets, they provide 0 fees in forex which is awesome for small scalps. And also they have promo, and 50% welcome bonus, and live chatsupport. I dont know if it can be intergrated with TV though, but you should use MetaTrader in all circumstances when working in gold and forex. But thats what i use

[exotic lava]

Thank you I will have a look at it today

[echo kiln]

All if not most forex exchanges have no fee's, BUT they charge you the spreads. So you need to compare the spreads on each forex broker exchange.

[modest tapir]

Hello, what is the best broker for Forex in France with API?

[empty chasm]

Yea, i forgot to mention they have the lowest spread that i have found*

[echo kiln]

what pairs do you trade?

[empty chasm]

Most of them, mostly EURUSD, GBPJPY, and some XAUUSD

[echo kiln]

Nice....never did gold, i dont think Oanda allows that for us in the USA

i use Oanda

[empty chasm]

Im from Denmark, so i wouldnt know😅

[fresh yarrow]

Have this running for EUR/GBP:

• Algo Premium on 4hr is below the cloud and just touched it
• SR Pattern liquid pivot point touched and rejecting a 30m breakout level
• broken below a 15m lux algo tendline

Then a few other of my confirmations is telling me this pair is bearish 😄

[echo kiln]

This is bouncing around and not moving, I just may close out for 5 pips maybe and move on....and wait for next

usdchf

im out at about 5 pips, i cant wait...LOL, but im sure it will tank now that Im not in it 🤣

YUP, WTF, I close out at 5pips, and this sh*t goes to 10

cant win, FML

🤣

oh well

Ill get 'em next time🚀

[solar python]

Well enough for today

[solar python]

Beautiful setup😎 smooth

[echo kiln]

Nice work, its always good to say Done for the Day!

[solar python]

Yeah probably gonna go for a walk so i’m not glueing into my charts😅

[echo kiln]

But when you come back? you cant fight the addiction 🤣

[prime elbow]

What's that yellow line?

[echo kiln]

hypertrend

i changed the color to yellow

[prime elbow]

Oh~

It looks cool

[solar python]

I will check my daily charts tomorrow🙂👍 hope i can find something

[prime elbow]

Looks so good

[solar python]

‼️Important news coming up‼️

[solar python]

‼️Overall GBP news outcome better than expected‼️

[fresh yarrow]

EUR news in 40 seconds

[solar python]

Let it ride!! SL to BE just in case

[dim steppe]

Do an inverse analysis of JPYX for added confluence 🫡

[solar python]

Thanx for the tip never thought of that! Thanks

[heavy fern]

Gold

It will go to ?

[cunning harness]

Guys I’m new here

What should I expect?

What is the best setting for H1

[past acorn]

Hey @cunning harness see #📈must-watch & #🧠core-lessons

[cunning harness]

Thank you

[fresh yarrow]

Morning everyone 👋 what's on everyone's radar today? I'm eyeing up EUR/USD potential shorts with the ECB news and a GBP/JPY long

Some big news this afternoon so don't forget to keep an eye on it

[summer wedge]

thanks mate

[solar python]

shorting gbpaud

[heavy fern]

gold buy or sell ?

[solar python]

🤷‍♂️

Daily view

Eq cloud is good filter to filter noisy signals

[prime elbow]

I like eq cloud

[solar python]

i see that lower sensitivity works better with eq cloud because with higher sensitivity signals lag behind

i think i'll stick to regular 12 sens as i am looking at the charts that it has way more accurate signals than autopilot

[prime elbow]

I use 10~12 sensitivity and use eq cloud to filter the noise

along with trend catcher

[tawdry dune]

how is EQ better/different to the NEO?

[echo kiln]

Hey, im bias on my luv with neo, but I think one is not better over the other, rather, find which works for your eyes, to your brain, to your hand, to make that trade....If it works for you, then that is the better one for you 👍