💱forex-chat

[vivid storm]

Definitely over traded today but I was able to recover from my 300 dollar loss 🫡

Need to work on minimizing my losses GBP pairs just move so violently. I love and hate it lol

[median nebula]

im not new in forex it was challenge account im crypto trader

[vivid storm]

ahh was it one of those 100 to 1,000 challenges?

[median nebula]

y

[proper galleon]

What indicator do y’all use

[echo kiln]

LuxAlgo

[half wing]

AlgoLux

[oblique willow]

Hi guys, can anyone suggest good forex signal groups?

[snow lagoon]

Learn a strategy and master it

[strong trail]

Is there not an alert to buy and sell Forex in here?

[echo kiln]

you can short usd/cad and help me out here 🤣

[strong trail]

all right, i'm shorting usd/cad

seems like good things are happening for AUDJPY

[proper galleon]

what indicators are u using

no duh

which ones tho

[hardy magnet]

hola mucho gusto hay un usuario que hable español?

[midnight bane]

Hi all

Forex traders

This is a gift for you for tomorrow EURUSD Movement

Sell EURUSD FROM NOW TILL MID of tomorrow

[echo kiln]

ok

[lunar herald]

What timeframe is this?

[midnight bane]

This is fractal from 1 Minute chart in the past , it will be the same movement on 30M Today

GBPUSD movement today over all bearish

GBPJPY bearish

GOLD

[analog yacht]

Hey everyone. Has anyone found a constant winning Lux strategy? I’ve tried a few and I’m not sure what I’m doing wrong yet.

[hard moon]

I use trend tracer on GBPUSD @analog yacht

[snow lagoon]

What time frame?

[icy wraith]

cant seem to get the same chart on metatrader as the one on my computer

[hard moon]

15 M

[summer wedge]

British prime minister has resigned ...

[jagged slate]

W t f

Here we go again

[summer wedge]

and look at BTC

timing match 1.30PM

[sharp mango]

Shortest serving PM in British history at 44 days served

🥴

[jagged slate]

Economy crash speed run

Record

[bright warren]

Hero just checking a few backtests woah this thing is strong

[icy wraith]

what do you guys think about GBP/USD as UK prime minister resigns? sell?

[analog yacht]

Ok thanks. I like the trend tracer and catcher.

[bright warren]

Anyone with software to connect tradingview with MT4?

[snow lagoon]

Anyone in here know the equivalent of 20 pips on US30 ?

[spiral plinth]

is there ever a pattern detection for Forex Mkts? All I see is Stocks?

[jagged slate]

Scanners; just stocks

But of course it's in SR and patterns to use and set alerts on too

[snow lagoon]

How are all the forex lads rating lux algo ?

[plain falcon]

That EUR/USD call

[fast delta]

DXY is the boss , your eyes first time need to be on dxy 👍

fkk the prime minister :))

[willow summit]

where are calls??

where can i find them

[jagged slate]

Scanners?

[wintry bolt]

do forex exchanges close?

[waxen ruin]

on the weekends

[wintry bolt]

On what time zone?

[waxen ruin]

utc+2 at 11pm on friday, and they resume at 11pm sunday

[feral cape]

Yes where can I find the calls? Where is scanners?

[jagged slate]

#🔔scanners-premium

[hard moon]

1 min lol?

Hope those spread fees are low, personally I keep it simple on 5m With lux tracer and some sling shot scrips, waiting for multi EMA cross and use a 0.50,0.50 rule

[coarse fulcrum]

@hard moon has earned the Lux Level 1 role!

<@!174603772549529600> just levelled up

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

[hard moon]

Only weakness ranging markets which we all hate (depending on your strategy) its a trend traders nightmare.

[tawny sandal]

Which indicator is that man? I mean the green-red ribbon... @hard moon

[hard moon]

so

CM_SlingshotSystem

Bottom one is a Trading view indicator, its brilliant it combines oscillators and MA's into a single window view

[tawny sandal]

Nice... How is it called?

[hard moon]

When the slingshot crosses its very powerful and price action always reacts @tawny sandal pair it with lux algo's trend Tracer as an additional confirmation

GBP USD is setting up for me, waiting for all 3 confirmations first.

Termination rule: Opp trend tracer, sling cross or general gut feeling lol

(not investment advice)

[tawny sandal]

Looks cool... I will read more about it tomorrow... It's a combination of MAs?

[hard moon]

Combines EVERYTHING,

its a well written script produced by tradingview themselves

and it produces a "rating" based on all 26 components

very powerful

& in addition I use probability taking these RULES into account 0.50/0.60 has the highest hit rate

[tawny sandal]

I cannot see the full name... It's rating...?

[tawny sandal]

Thanks

[hard moon]

Do you have a strategy or are you building one?

[tawny sandal]

Currently testing some... Found really good info and helping people on this community... So i'm trying to put all the pieces together... Selecting the best indicators, rules and advices

[hard moon]

Thats the thing

I like most about people here, most people have brains and I find other peoples strategy's quite unique

just dont use Nadaraya watson envelope 😆

[tawny sandal]

I was reading your tab... So, on 44 trades, 32 win and 12 loss?

[hard moon]

yes

0.50/0.50 SL TP 1:1 RR

But thats been over the last few months, we have had alot of trend moves lately

[tawny sandal]

When i was on free indicators, sometimes i would flag the NWE... But not for signals, but to gauge a possibly area for price to react with the FIB retracement

[hard moon]

I mean if you can make it work then go you :p

[tawny sandal]

Now i'm on premium, i don't use it anymore

[vestal rose]

That's my strategy :kekw

[hard moon]

wtf is going on

Scalping preset, MAC'ds, Envelope, some predictor indicator

this is nuts lmao

obviously youre a scalper but if you didnt have that scalping preset I still would guess you scalp

[tawny sandal]

I would say, oscillators tell the same thing... Just pick the one that you like the most @vestal rose

[hard moon]

or use that one I linked which combines them 😉

[vestal rose]

Nah more swings

[hard moon]

hows it working out?

[tawny sandal]

Yeah, i didn't know about such TV indicator... I would test it for sure

[mystic zealot]

do any of you guys use auto pilot setting?

[vestal rose]

It's just that every oscillator shows different data , so I use it to get more confirmation

[hard moon]

I dont use signals @tawny sandal

[tawny sandal]

Not me

[tawny sandal]

Yeah, i see... Is there a reason? You turned off the candles coloring as well

[tawny sandal]

Do you trade the 1H? So you sell at the top of the NW when a signal shows and the oscillators are crossing down?

[hard moon]

Just not part of my strategy

[random nova]

@hard moon Hi is this Indicator free?

[coarse fulcrum]

@random nova has earned the Lux Level 1 role!

<@!695016172583780444> just levelled up

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

[hard moon]

oh man im about to get banned 😆

[tawny sandal]

How long have you been using it?

[hard moon]

few weeks

I was actually looking into this guys strategy

[tawny sandal]

Yeah, an image example would be more clear than the list

This ratings looks really promising

[hard moon]

You need termination rules and confirmations

it helps me filter bad apples and harvest the ready ones.

for example here

these buy signals are fake because it didnt have a confirmation on the ratings

and sling shot

Lux is great but you have to add additional rules to make it profitable

if this = that we do that, if this isnt so we dont go, if this happens we kill

[vestal rose]

Yeah mostly 1-4h and that is a little difficult to explain, first I'm checking support and resistance than trendline SMC lower how highs , higher highs, patterns and nv / then Im looking to oscillators, Im just gathering all the given situation Compere with each other finding differences ,

[tawny sandal]

Yeah, absolutely

[hard moon]

but at the same time you cant overcomplicate it because youll just end up contradicting your judgement

again another reason I use ratings because its simple and effective for me

in my 3 years of trading you realize eventually how hard it is to get an edge

[tawny sandal]

The sling shot looks very immune to noise... Your chart is really clean that way

[hard moon]

but its possible

[tawny sandal]

Sort of price action

[vestal rose]

When I enter the trade first of all I making Elliot waves analysis and then I'm getting to my chart, 95% winrate so it's quite accurate

But I trade in 98% crypto so it's little bit different from forex

[hard moon]

95% WR is impressive lol, FR?

[vestal rose]

Ye I also checking net unrealized profits and loss chart to get out of trade little bit before institution traders

But that works for me, it will not fit for everyone. I just like a lot of information on chart

[midnight bane]

GBPJPY TODAY & Tomorrow downtrend Good area now for Sells

[plush obsidian]

Hi, can I check with you, how do you filter these fake buy signals out?

I’m using Lux algo together with the trendline breaks, and also the trend catcher. But my win rate is still not as good.

It’s roughly 60% win rate only

[jagged slate]

A 60% win rate is amazing

If you have a 60% win rate you keep what you're doing

[plush obsidian]

Alright thank you, I’m just thinking how to filter out the signals better to get a higher winning rate 🙂

[jagged slate]

If you have a 60% win rate; i'd suggest making very very small subtle changes

[royal yew]

Hello! I am still new to the trading business and I have all sorts of days. Some days I win more then I lose, some days I lose more then I win. Some times it happens that my SL is hit and then the chart goes in the direction I thought. What SL do you set, in percentages, when trading forex with 30x leverage?

[coarse fulcrum]

@royal yew has earned the Lux Level 1 role!

<@!580436587523997696> just levelled up

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

[royal yew]

I also do not know what TP to set as it happened a lot of times to have some profit, have the TP too high, and then the price would go back down and get only 1-2% of profit

[royal yew]

Also, what is the platform that you are using for trading forex? I am currently using eToro but I think this is not ok, right?

[olive wedge]

Use MT4

[snow lagoon]

MT5

[royal yew]

Thank you for the platforms!

Regarding SL and TP, any advice?

how are you using them?

[mystic zealot]

what broker you guys using to connect to mt4?

[hard moon]

IC markets have low spreads

[deep zodiac]

Gold price is pure manipulation lol, some sick moves going on rn

Gold is going down, but not before they shake off as many short positions as they can. Brutal SL hunting.

[icy wraith]

It's the only asset I trade; watching the 5 min chart. Brutal is an understatement.

[deep zodiac]

Nerves of steel you have. I love the action, but yeah it can take you deep into the forest at times.

[icy wraith]

Lol. You get used to being very patient waiting for entries. Haven't made a trade today, and the way things look I doubt I'll make one at all.

[deep zodiac]

Do you prefer the 5 min? Yeah, it's been very sideways and hesitant. Patience is key.

Any pointers you might have in addition to Lux when trading the 5 min Gold?

[icy wraith]

Yes prefer 5 min, there's just more opportunity to catch a good trade. I just find with 15 min I'm waiting forever. I live in Thailand so I'm restricted which killzones to trade.

[deep zodiac]

I used to live in Thailand 🙂 And I just came back from holiday actually. I plan to go back once I got this figured out (again) haha

[icy wraith]

555. Where did you live?

[deep zodiac]

Pattaya and Hua Hin lol

[icy wraith]

Right. I live down in Songkhla.

[deep zodiac]

Nice!

[icy wraith]

Bit of s sleepy hollow these days, but its okay.

[deep zodiac]

Yes, let's hope for some more stability and optimism there soon as well, it's time.

[icy wraith]

Absolutely.

[deep zodiac]

Oh let me ask you, how is the tax situation for trading income there? If you dont mind saying.

I believe (a legal) loophole is possible there

[icy wraith]

Its classed as personal income tax. Crypto trading on the exchanges has not been sorted out yet. Of course there are ways round it if you are not paid into the country, say with USDT.

Always loopholes

[deep zodiac]

Gotcha 🙂

[icy wraith]

Right

[deep zodiac]

What is a good entry for you on 5 min gold? If any other criterias than the standard Lux set up

[deep zodiac]

I sincerely believe intuition and contrarian approach is necessary when trading gold especially. Like, if everything points to one direction, beware.. This is why Im asking, it's a tough nut to crack.

I believe there is a code to be cracked, even with all that we're up against, billions of dollars institutions, AI bots etc. That code might not be in the technicals strictly. And if you have that code cracked, you might not want to share it with me 😉

[icy wraith]

That right there is as perfect as it could get; internal CHoCH and swing CHoCH both at the same time.

[deep zodiac]

Wow thats interesting

[icy wraith]

Don't see many like that tho'

[deep zodiac]

I was not familiar with this indicator, thanks. Looks very useful

[icy wraith]

The SMC indicator? Its very good

[deep zodiac]

yes excactly. Can it be compared to commitment of traders info, or is COT more non institutional

[icy wraith]

Not sure, I've never bothered with COT. There's a lot of info out there about SMC and a lot of ways to trade it. Once you know the market structure it becomes a lot easier to trade. Price action basically.

Well. That's me done for the night. Hopefully see some movement in the Asian session.

[deep zodiac]

Take care buddy

[coarse fulcrum]

@deep zodiac has earned the Lux Level 1 role!

<@!1031319995621331006> just levelled up

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

[abstract prawn]

hello what is the symbole of us30 in the optibot?

[hard moon]

Going to see if this quant works with lux algo, ive got a whole bunch of strats on 5 - 15m to trigger if trend tracer crosses red or green, backtesting but just for fun

would be great to see if its effective, did some manual backtesting for this and looks promising, if we can be 55% profitable on a AFK system with the rules that would be insane 😆

[icy wraith]

how do you earn money with forex trading

the price fluctuations are literal rounding errors lol

[bitter helm]

DJI.. dow jones industrial

[abstract prawn]

thank you

[bitter helm]

Leverage is your friend

[icy wraith]

hi guys, i just bought the lux algo premium but do you know the best set up for the indicator?

because since i bought it i'm losing

[past acorn]

!bestsetup

[open notch]

Looking to get a clean setup on your chart? Watch this video: https://www.youtube.com/watch?v=9eNdBtx7hJo&t=0s

[past acorn]

@icy wraith

[icy wraith]

ty

[placid star]

Does someone know the best setup for forex

[snow lagoon]

Depends what pair your trading

[placid star]

What do you mean by pair ?

[waxen ruin]

eur/usd, usd/jpy, aud/jpy those are pairs

[placid star]

Oww thank u so guys with are best pairs to trade on what is the best setup can someone help me plss

[bright warren]

Xauusd 😄

it will be a fun ride

[waxen ruin]

I've never tried trading gold, got any tips how to go about it?

[surreal fossil]

Very volatile

[snow lagoon]

I only focus on gold, mastering it

[neat hedge]

What about it 💡

[icy wraith]

Balls of steel is a good start. I trade Gold on the 5 minute chart. Patience is the number one rule when trading gold. Setup has to be just right.

[snow lagoon]

Ye same here my patience is so good now aha

[snow lagoon]

This live?

[hard moon]

Small update regarding Lux algo automation quant been continuing experimenting using trend tracer and trend catcher on the 1 min chart for USDJPY & NZDUSD, on a micro account, so far positive!

The possibilities with lux algo & webhooks are endless!, want more backtesting before I throw a few thousand to automate though,

[fringe cloud]

Could you share the parameters for the alerts?

[ashen flower]

Can you please let us see some more information and what your setup is ??

[hard moon]

Flick on and off

for each one

[fringe cloud]

I see

capitalise.ai?

[hard moon]

(Not investment advice)

So ive been meaning to experiment with lux and webhooks, with some manual backtesting ive seen that its possible to be profitable on the 1 min chart for these pairs when trend/tracer switches, especially during trends

[hard moon]

yes

[fringe cloud]

What sensitivity do you have lux set at

[hard moon]

None

Purely want the trend catcher and tracer

[fringe cloud]

understand

[hard moon]

Im going to see if I can add additional exceptions with my rules to improve, but thus far its looking like I dont have to change much, I want to run a month before im hopefull though

Again this is all on a micro account, only 1.5k

Nothing more satisfying than going to bed knowing this will all run for you, its free pizza money lol!

or petroleum

[fringe cloud]

Exactly!

[hard moon]

Most profits will be on trends though

the tracer is long term and the catcher is nice for mini short trades

which can also act as a hedge

[fringe cloud]

Zeph, accept friend request

[hard moon]

For example the quant entered on the red tracer and on the catcher

we had a reversal and the catcher snagged profits and resumed the short on the switch, hedge and additional profits

I cant believe no one had tried this before 😆

[fringe cloud]

Yeah that's wicked

Would it be possible to incorporate VWAP with it?

[hard moon]

I dont want to over complicate it

as its on the 1 min chart remember

[fringe cloud]

Yeah

So

If trend tracer and catcher are red, enter short

[hard moon]

so by adding additional exceptions you may not enter possible winning trades

[fringe cloud]

Exit when 1/2 indicators reverses?

[hard moon]

tracer and catcher yes

[fringe cloud]

it only takes 1 indicator to get out, correct?

[hard moon]

well on TV alerts I had an activate and an exit

I dont mind VC'ing if that would help you

[fringe cloud]

Yes I sent friend request

[hard moon]

But yeah it enters and exits like a switch

[real laurel]

how do you like capitalize.ai?

Been looking to replace cryptohopper as the webhook is kind of weak

[hard moon]

its quite sharp actually

when TV sends its webhook the delay is only about 1-2 seconds

Nice visuals too

[narrow compass]

do any of you trade ES?

wondering which indicators people like for futures

[neat oasis]

This is really interesting as I have been doing the same type of trade but manually. I would love to take my own emotion of the trade and automate it.

One thing you may want to add is to only go long / short if the the price is above/below the 200 EMA. That way it provides another level of wind in your sails in the trend direction.

[snow lagoon]

Reckon this works on gold 1 min ?

[midnight scaffold]

Which exchange are u using

[dense kite]

is there a good stratgy for forex?

i am new

[random nova]

@dense kite Lux Algo Guide

1. Read https://discord.com/channels/641770286638694402/997901091389841408

2. Watch https://discord.com/channels/641770286638694402/997901168393068564

3. Read https://docs.luxalgo.com - this is a bit chunky but very very worth it

4. Finally: https://www.youtube.com/watch?v=vpSjJpCpwSE

Tips: Please paper trade (2-3 weeks at least) and practice any strat you just learned, check the current trend before entering any deals / do not trade during weekends / do not start long deals when overbought or shorts deals when oversold, etc, etc

And step 5 enjoy 😄 ❤️

[waxen ruin]

never traded us30 either, but I might look into it. Impressive numbers, looks like its working for you

[icy wraith]

is sierrachart good orderflow charting software

[hard moon]

Hello guys

So those who are wanting to automate their strategies I suggest https://capitalise.ai/ its great and also watch https://www.youtube.com/watch?v=BXt_FVGs60I&ab_channel=GeckoTrading its great for backtesting and you can do some very creative stuff, you can do a 90 day backtest with any strategy with most indicators to see how your ruls would result if x conditions are met, except you can get very creative experiment with time exit rules,

For example I created this 1min trading strat that uses Bollinger bands RSI, and time exit rules on the 1 min, (this is not investment advice) and I do not make any money off any of this shit, I just think this could help people sim their strats or automate them.

[median marsh]

Thanks bro. Wondering, if you dont use luxalgo, then what indicators or strategy do you personally use/ recommend

[echo kiln]

1 min chart will blow your account up. prove me wrong 🤣

[quick trench]

Hello! I have a question, I have always been trading on crypto and I would like to try trading on forex, in your opinion which is the best broker to open an account? thank you

[tawny sandal]

IC Market

[final storm]

Hi guys. Someone here told me to use 3commas for backtest and later automated trading, but forgot to say that it is forex I'm trading and 3commas does not provide serevice for forex. What other third party can I use?

[hard moon]

@final storm

https://capitalise.ai/

[final storm]

Thanks a lot 😉

[vernal drum]

Hello just paid and added my indicators can anyone share xau usd settings and gbpjpy please

[jagged slate]

Welcome 🤝🤝🤝

You're looking for a nice setup?

[final storm]

Hi guys. With ONLY Trend CATCHER on the chart, how do I create an alarm when the Trend Catcher changes color?

[harsh nimbus]

@bright warren how did you automate all the forex?

[waxen ruin]

with capitalise.ai, but I don't know all the specifics

[abstract prawn]

hello everyone. anybody have advice for strategy scalping? thank you

[half crow]

is there anyone in here that has used lux algo to get funded?

[abstract prawn]

great question

[half crow]

thats my plan wanted to see if anyone had any helpful info

[abstract prawn]

me too bro

[neat oasis]

@hard moon I am now up and running on some Forex pairs auto trading with Capitalise using LuxAlgo webhooks. Running some simulations at this time but seems to be doing what I did manually before. The nice thing is that it removes my emotions from the plan. How is your set up going?

[abstract prawn]

I am scalpers.but still looking for good strategy. I try many using luxalgo setting...I have more loss than win. Still checking

[neat oasis]

I suggest you check out the QQQ strategy.
I also use it in a similar way on some Forex pairs.

[abstract prawn]

do youhave video explaining or setting or anything explaining QQQ startegy? thank you

[neat oasis]

#📈stocks-futures-chat message

[abstract prawn]

than you...

[half wing]

what do u mean “to get funded”

[gloomy canopy]

from prop firms Im assuming i would like to know this too

[half wing]

lol oh boy

[round rivet]

hmmm....lmfao

[placid patio]

i take scalp trades based on the trend catcher + price action, should I use the Neo cloud or the EQ cloud as confirmation?

[stray kayak]

good da

good day

can somebody answer me about the bitfrex? is it legit that they have giveaways exampple a btc currency?

[minor bane]

Any str for scalping gold ? Thanks

[next gyro]

For FTMO traders, which source are you using on tradingview?

[abstract prawn]

Is it EA?

Hey à do not understand luxalgo signal. They send like 20 to 38 signal a day. Place in hight time frame like 2h or 4 or D they send like 2 for the specific pair. My remark is this : fir those time frame it is swing trade so they need to analyze more before to send signal. It is not helpfull to have a lot of signal for nothing.

[midnight bane]

Close US30 @ 32500 & Buy it targeting 33000 😇

[hardy meteor]

Can anybody can suggest me a setting

[unkempt basalt]

hello guys usd/cad bearish?

[midnight bane]

Finish for Fed today 😋😂🔥💵

[unreal harbor]

What type of candle is the best to use with LUX?

[flint geyser]

Which timeframe is the best?

[tribal cipher]

Wish I entered

[jagged slate]

Both types; HA and japanese can be used 🙂

[midnight bane]

You can enter now

Don’t miss it

[tribal cipher]

Send the pairs again

pls

[midnight bane]

Gbpusd sell
Eurgbp buy

[tribal cipher]

dicey atm

How long are we holding this

[midnight bane]

Couple of days

[tribal cipher]

Would be a huge trade

I'll strap in for the ride then

[pure jasper]

Caught this perfectly last night on the small account challenge. Holding for some days

[atomic light]

any SL ideas? or just leave the trade without it?

[charred pecan]

i was in on the NZDJPY last night from 86,133 and TP 85,280

[spiral plinth]

Hi all , how is this a downtrend on the 4hr chart when clearly the overall trend is bullish?

[charred pecan]

it could just be a retrace

[echo kiln]

your on 4hr chart, i see 4-5 bars in down trend, thats over 16 hours weak down trend, hence the dashboard? who knows, i could be wrong as always. and current price has been chopping in a range for past 30-35 bars? thats over 140 hours

[pure jasper]

Nice I’m still holding. All the way

Want to see it hit support on 4H by end of the week

[abstract prawn]

Hey anybody use luxalgo to pass profirm challenge?

[atomic light]

Ye

depends on your strategy, but for mine it works perfect

[abstract prawn]

How you do can you explain me?
Like for 100k thank you

[atomic light]

I use FTMO and the challenges are in MT4

[spiral plinth]

Waldo what are particuliars of your strat?

always looking for something that works consistently

[abstract prawn]

yes i want to use FTMO too. what is your strategy? thank you

[abstract prawn]

Can i DM you?

[atomic light]

Thats my checklist

For sales I do the same but backwords

[native bolt]

Hi

Can you guys give me the best settings for scalp trading

Should I modify my luxalgo signals or leave it as it is

[abstract prawn]

Check QQQ strategy

[abstract prawn]

Can you explain more?

[native bolt]

I just lost money more that I could imagin

[manic axle]

@native bolt how did you scalp

[native bolt]

I new to this kind of thing

So win it turns from red to green i buy 😂

And of turns from green to red i buy

[manic axle]

So you are just randomly buying and selling without any proper RR ratio ?

[native bolt]

I don’t even know what RR IS

[manic axle]

Win or loss ratio ?

[native bolt]

Loss

I just keep losing

[snow lagoon]

9-5 for you then pal

[native bolt]

؟؟

[charred pecan]

what time frame are you trading?

[native bolt]

5min

[jagged slate]

1. Dont go below 15m

2. Dont blindly follow signals

!bestsetup

[open notch]

Looking to get a clean setup on your chart? Watch this video: https://www.youtube.com/watch?v=9eNdBtx7hJo&t=0s

[native bolt]

Ill check it out

[charred pecan]

what indicator are you using?

[native bolt]

Same as the video you sent

[charred pecan]

on your settings find preset/filters and turn on scalping. turn off autopilot signal

[charred pecan]

make sure use input the optimal sensitivity in manually and use 15m time frame to trade and always check the 1hr before for trend direction

[icy wraith]

I found it's just easier to leave sensitivty on default rather than changing it all the time and when switching timeframes. Seems to work fine.

[snow lagoon]

Anyone have thoughts on which way gold is going for NFP ?

[icy wraith]

Wish I knew. They've been pushing it up all day. A dump would not be a suprise as there are FVG's beow on the 1 hour

[snow lagoon]

Ye I’m hearing word of it going short, been on a slight bull run since yesterday afternoon

[icy wraith]

Let's hope so

[snow lagoon]

30 mins 😏

[manic axle]

Kindly share if Any trade setup for 3 mins ? Thanks

[pure jasper]

Holyyyy crash

[ocean topaz]

fuccckkkk

qqq down 1% almost

[pure jasper]

Everything just went down

Had no positions luckily

[icy wraith]

That was a bit of nothing then

[snow lagoon]

Yes ass that

[icy wraith]

Damn. Was hoping to get something out of it.

[snow lagoon]

made about 2% aha

[snow lagoon]

Not the best

[icy wraith]

Right

[round vale]

made 18% on audusd, first trade on the indicator

[native bolt]

@round vale same as her

just keep losing

[round vale]

whats your setup and strategy

[native bolt]

at this moment i dont know what i am doing

i dont even know the setup i am using

@round vale

[round vale]

i highly recommend you watch lux algos videos 🙂

[twilit plaza]

https://youtu.be/vpSjJpCpwSE

This works if you are paying attention to the chart

[native bolt]

ill watch now

[round vale]

yeah this is the one i used today to get 18%

[twilit plaza]

https://youtu.be/wkruvBBeXn8

Settings

https://youtu.be/9pUfjSTIdYQ

[round vale]

15 min chart, used the bot for settings

[twilit plaza]

About timeframe

[native bolt]

15

[twilit plaza]

Stick to one strategy n backtest past 1 year. Even there is loosing trades you will be in profit if your rr is more than 1 ans you are risking only 1 % of your capital

[round vale]

yeah its always about the overall profit

[twilit plaza]

It shows how to put optimal settings for the timeframes depending on how deep u r zoomed in or out on the chart

[native bolt]

@twilit plaza i dont know which is the best strategy to use

[twilit plaza]

Dont worry about you miss a trade. Markets are like that you will always miss trades. It just that findung a good trade rather than taking all signals

[round vale]

#💱forex-chat message

[native bolt]

how should i use thsi setup

[twilit plaza]

There is nothing called the best strategy.its an illusion. You are going to loose some in every strategy. Its just that finding one that you are comfortable with, sticking to it and improving it overtime

Once you start taking trades consistantly with 1 strat you will naturally find ways to avoid loosing trades

[native bolt]

ill keep on trying

[twilit plaza]

Stick to one for a week and analyse ur trades at the end of the week you will know what helped u and what is the reason u lost. Recommend using very small capital like 10$ per trade and risk only 1 %. That will vive you confidence than using a demo account. Its just my suggestion. NFA

[native bolt]

i will thank you

[coarse fulcrum]

@native bolt has earned the Lux Level 1 role!

<@!530121360551444501> just levelled up

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

[charred pecan]

guys another amazing indicator to use with lux premium is, Market structure break and order block. the author is EmreKb. the settings are as follows, Zigzag length 9, show zigzag and Fib factor for breakout is 0,273. once the zigzag pings on the down you place long, if it pings on the up, its a short. Give it a try

i placed a long trade yesterday @ 1615,80 for 0,20 and i am trading 998 gbp

[icy wraith]

Hmmm. Pefer Smart Money Concepts (Lux) myself. You have the option to show swing structure and internal structure together with corresponding order blocks and FVG's. Fibs are generally unreliable on 15 min and lower timeframes.

[charred pecan]

This is one of my setups and it is working extremely well.

[placid star]

Which indicator is that ?

[cold trench]

Kindly share settings and indicators name too

[past acorn]

looks like the Lux Algo SuperTrend Channels + Nadaraya Watson Envelope

@placid star @cold trench

[cold trench]

Thanks a lot

[deep lynx]

2 days using lux and editing to my swing settings on 1 min. 🔥🔥 now I’m 7% on my FTMO trial. Not bad

[snow lagoon]

What settings are you using

[tawny lotus]

which strategy, timeframe and pair??

[bright warren]

Not bad on autopilot

lets see in a month

[sterile oracle]

in my experience the time frame does not matter

what matters is the backtesting

if you get a PF over 5

and your max trade down is low

then trade it

or never bother

I look for PF of 14 and above due to automation

learn how to do backtesting

very important

you max draw down is also important or it kills your book with leverage.

[wary coral]

Does anyone use this algo product for binary options

[knotty rose]

hello guys

[flint geyser]

What to aim on when it opens?

[solar holly]

Best forex broker available to USA residents?

[charred pecan]

im using nadaraya watson envelope and supertrend channels with Market structure break and order block, he settings are as follows, Zigzag length 9, show zigzag and Fib factor for breakout is 0,273. once the zigzag pings on the down you place long, if it pings on the up, its a short. Give it a try

[charred pecan]

im using nadaraya watson envelope and supertrend channels with Market structure break and order block, he settings are as follows, Zigzag length 9, show zigzag and Fib factor for breakout is 0,273. once the zigzag pings on the down you place long, if it pings on the up, its a short.

[charred pecan]

depends on what you are trading buddy.

This is my two and extremely powerful setups, it is a setup which I studied and learned 100% and now it is paying very pretty.

[thorny arch]

Thats great. Would you mind sharing your setting with us too?

[crystal pivot]

Im planning on using Oanda

[snow lagoon]

I strictly only trade gold but been doing it on the 5min tf, any tips as I notice your on the 1H?

[snow lagoon]

Also what certain settings on the signals are you using, autopilot or optibot?

[midnight scaffold]

if you dont mind plz can you share your settings

[icy wraith]

@bright warren I trade Gold on the 5 min too. Been looking at the Neo Cloud preset over the weekend and it looks interesting. Going to try it live this week.

[snow lagoon]

Let me know how it goes please I’m trying to find the best strategy with lux on gold, it’s mainly the settings for the signals

[icy wraith]

Sure no problem

[snow lagoon]

Do u have your signal settings at autopilot?

[icy wraith]

Yes. I just find it easier that way when flicking thru higher timeframes

[snow lagoon]

Short, mid or long term on the 5m?

[icy wraith]

Mid. I prefer to leave things as much as possible on default

[snow lagoon]

You ever tried following the optimal sensitivity ?

[icy wraith]

Yes. I think its fine. Its whatever suits you.

That's how I'm set up on tradingview.

[snow lagoon]

Ye clean chart that, what are you doing with SL and TP, like a 2-1 ratio ?

[icy wraith]

SL, Ill try to put it behind an orderblock. For tp I usually go for a 2R but if it looks like its trendinding I'll let it run and just watch it.

[snow lagoon]

Ye sounds good let me know how the week goes

[flint geyser]

update?

[thorny arch]

can somebody please help me to get good working settings for Oscillator ?

[round vale]

Went the other day, I suspect I hadn't looked at the right support and resistance

[round vale]

Other way I meant

[knotty rose]

hello

guys

anyone here have good settings

can share it

for forex or gold

[lyric trench]

13 sensitivity contrarian + reversal zones paired with price action (order blocks, imbalance)

on 5min for a little bigger picture and 1min for refined entries

[chilly ore]

are there not many who use this indi on forex?

[crystal pivot]

I just started. Working on a strategy for forex it’s much harder then crypto

[knotty rose]

i think yes

but i think Lux Algo fix the problem

but i dont know the best setting

[dark coral]

Hey everyone

[worldly goblet]

Interesting. Thanks for the share. What’s the settings / indicators on the 2nd chart?

[round vale]

1 of 4 confluences hit but took the trade early anyways against my own rules, will see how it pans out

[past flame]

Potential buy coming up on GBPJPY

Above 200 Hitting resisting oversold and squeeze flipping. Waiting on entry

[chilly ore]

Lux Algo first test paper trading

[worldly goblet]

jumping in too early is never a good idea. You need to stick to your plan 100% and that means that if you need 4 confluence confirmations, then only take the trade when you have those 4 confluences. You cannot ever go against your plan.

be patient and wait for the perfect setup to increase your odds of a winning trade

[chilly ore]

sample of the confluences?

[worldly goblet]

I was talking to debosixfo about him jumping in too early. Confluences depend of your plan but examples could be when you get a buy signal or when the trend catcher changes colour or if the price hits a reversal zone etc.

If your plan requires 4 confluences, then make surer you only trade when they have all been met

[lusty sparrow]

.

[past flame]

Im just now reading I didnt get anything at all last night though it didnt play out how i hoped

[crystal pivot]

Omg your chart gives me anxiety lol so much going on

Thats what it takes to trade forex tho gotta have a lot of confirmations

Im gonna start trading my strategy live tomorrow it requires 7 confirmations

[fringe cloud]

7? jesus 😂

[crystal pivot]

Yeah lol but 64% win rate 1 to 4 RR

I miss out on some good trades but cant catch em all

Cant wait to test it out

I let yall know

[fringe cloud]

What is the strategy? share it!

[crystal pivot]

Not until I live test it myself for a bit

[supple garnet]

hello can someone give options to lux?

[chilly ore]

omg this chart!

[knotty rose]

hello guys anyone here know groupes for signals forex please contact me and have i nice days for all members

[rigid grove]

Is the forex community more popular than crypto?

[chilly ore]

I think crypto is more popular?

[lament path]

hey guys, wahts the best scalping strategy (setting)?

for forex and indices

[toxic robin]

what do you mean when the zigzag pings down and up?

[charred pecan]

There is a blue line in the indicator which is called a ZigZag. It helps to identify tops and bottoms and retracements in the market.

[restive verge]

Hello guys

new here

[round vale]

Yeah you’re right, I should have waited but this time I broke my rules and it turned out okay for me but generally I trade at 3/4 confluences

[round vale]

Candle colour, trend catcher, trend tracer and EQ cloud - then for added measure some sort of price action like a 3 line strike

[round vale]

You’re right haha it’s pretty hectic but it’s all useful information for me, I go in between trading with this indicator and just a simple white candle stick 200ma strategy to keep things clean. This is my crazy chart haha

I’m at a 70% win rate with a 10 streak at the moment, happy as

[coarse fulcrum]

@round vale has earned the Lux Level 1 role!

<@!964386279200522240> just levelled up

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

[round vale]

Generally goes - trend catcher first, candle colour change to direction, trend tracer colour change then finally the EQ cloud. I trade this on the 1HR chart with S/L lines on the 4hr and ONLY take trades in the direction of the daily trend

Oh and use 10% of my account for a stoploss (or recent swing which ever is first) then a 2:1 ratio, sell 50% at the drawn TP point and move SL into a profit zone then ride the rest till I lose momentum

No one’s asked for my strategy but here it is anyways 😂

[tawny sandal]

Was about to ask for it, so... Nice job!
🤝

[crystal pivot]

Thats amazing bro good job

[crystal pivot]

Jesus that sounds complicated lol but sounds like its working out great for you. 🙏

[cerulean drift]

Hi folks, new here, struggling to find the right strategy and time frame for day trading, any advice welcome 👍🏻

[snow lagoon]

CPI today boys, which way do we think gold is going?

[heavy cipher]

up to 1730 then down? anyone think like i do

[snow lagoon]

Word on the street is it’s dropping to around 1690

[eternal summit]

I'd get an Uber to a different street

[coarse fulcrum]

@eternal summit has earned the Lux Level 1 role!

<@!929928451153068052> just levelled up

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

[crystal pivot]

SMH entered my first trade finally last night. I forgot all about forex news. Had my SL at $30 but it spiked so hard I lost $145 😫

[atomic light]

happens to the best of us

bet you wont forget CPI for now on

[restive verge]

Thoughts folks?

[worldly goblet]

I think instead of trying to guess where it will bounce, add rejection zones to your charts for extra confluence

[restive verge]

can u scr and sent me to so where is

[worldly goblet]

It’s in the lux algo premium. Look in the settings for Reversal Zones and click the check

[crystal pivot]

Yea I won’t lol….

[restive verge]

@icy wraith can u do an indicator about sessions. 🙂

[crystal pivot]

Shorted GBPAUD lets see how this goes....theres some news tonight though so closing before that shit lol

[glacial heart]

DXY weekly

[heavy cipher]

i think its time for gold to have a pull back, how about your idea?

[icy wraith]

Be nice.

[crystal pivot]

GBP AUD dropping as I suspected but unfortunately news coming out in 2 hours...closing soon

[exotic wagon]

Best scalping strategy guys? I am new intro trading, any tips?

[hidden lynx]

Hello guys I am new into trading does someone have any good tips??

[echo kiln]

Dont ever trade into the news, doesnt matter if the set-up looks perfect

[echo kiln]

there should be a link somewhere with the Lux YouTube vids on numerous simple strats

[echo kiln]

did u send me dm invite? you can ask me questions here, sorry, i cant trust dm friend requests from new members.....

[hidden lynx]

Yes that was me

A don’t understand the oscillators can you explain it to me if it’s possible?

[echo kiln]

https://youtu.be/FA64gszq9YU

There many more osc vids by Lux, just search their YouTube channel

[echo kiln]

done for the day, see ya monday, one and done, took too long in the chop for my hard target, but small win is better than a kick in the butt. knock on wood, Lux been very good to me during this 12 day streak, with 1 trade a day. lets see how long this last, the loss will come for sure, who knows, maybe the next Lux update will keep the streak going 🙏

[icy wraith]

Guys can i ask what time frame are you using with lux Premium am using 5mins

[bright drift]

I'm new here as well can you please let me know the best time frame

[echo kiln]

@icy wraith @bright drift https://youtu.be/9pUfjSTIdYQ

BOOM🚀

[glacial heart]

DXY monthly candle 🕯 beautifully reversed in September-October candle in Reversal zone 😚 down towards trend Catcher 105.742, then trend tracer 102.598$

[delicate peak]

Guys I have a question regarding support and resistance (Support and resistance is a new strategy to me btw) basically what happened is price touched the support line a second time however instead of continuing to rise, it only rised for two candles then it dropped under the support line and hit my stop loss

Is support and resistance only traded for break of structure because I’m confused on what had happened

• Never mind I just realized it never touched my support line

• Thanks to the people who started typing tho

[crystal pivot]

Well just cause it touches suppor twice doesn’t mean that’s it it’s going up lol it’s not always that simple

Sometimes it’ll go up and below few times and eventually break one way

[delicate peak]

Yes I’m aware also I have checked the RSI for divergence or convergence

That’s why I entered early and I got stopped out

[delicate peak]

Let’s say price breaks the resistance line at some point and it retested would you enter or what exactly am I supposed to do in this situation

[round vale]

DEMA + Algo = lots o’ pips

[crystal pivot]

If I see a strong candlestick pattern after 2+ retests and along with maybe a MA and rsi or other indicator

[delicate peak]

Thank you for the reply

[crystal pivot]

Yeah np. I’m no pro either lol still learning

[round vale]

arent we all my friend, but so fun to learn!

[worldly goblet]

What settings on DEMA and algo?

[scenic crag]

Hey guys, I m new here

What strategy you use for EUR/USD and what sensitivity?

Appreciate your thoughts

🙏

[round vale]

DEMA 100, lux trend catcher on use optibot for settings

[round vale]

patterns, swing structures and order blocks, pattern detection on

oscillators, ult stochastic

[tawny sandal]

!bestsetup

[open notch]

Looking to get a clean setup on your chart? Watch this video: https://www.youtube.com/watch?v=9eNdBtx7hJo&t=0s

[crystal pivot]

I don’t trade eur usd. Too many crazy wicks lol

[leaden void]

Hello

Best settings for scalping ?

[rich vessel]

Anybody in here trade EUR USD? We expecting a dump or pump this week

[snow beacon]

can i pay someone to teach me how to trade fore

forex

[spark spear]

found this video yesterday, and I like the simple settings for 5 mins scalp. Maybe you might find it helpful too https://www.youtube.com/watch?v=Z5XYyHKniSA

[brisk skiff]

how does he have access without any vip tag?

refering to #💱forex-chat message

[mighty iris]

Hi, Which strategy is mostly used here by the members?

[leaden void]

Thanks mate

[supple garnet]

helloo, can someone give good settings to forex?

[restive verge]

Which one is better?

[leaden void]

🇦🇱

Oanda

[echo kiln]

I actually use Oanda integrated with my TV so I can trade direct on the TV charts

[vernal igloo]

Boom and crash anyone

[restive verge]

🦅

[echo kiln]

🚀 DONE for the day, one trade, thats it. Now time to study the new SMC stuff, my chart is too crowded now 🤣

[past acorn]

there’s a lot to digest hahaha @echo kiln

[echo kiln]

I think I can work this 🤣 10 pips a day (well thats the plan) Nice Job LUX

[ebon stratus]

Anyone got a good setup for xau ?

[icy wraith]

Somebody can help me to setup a strategy with luxalgo?

For pass challenge of prop firm

[ebon stratus]

Its all depend how you trading

[midnight scaffold]

what time frame .Tks

[echo kiln]

I use 1hr and 15m for trend bias, then a smaller TF for entry/exit

[lunar skiff]

@echo kiln how do you open detection pattern to show trend strengh

[echo kiln]

pattern detection settings should be in the price action concepts settings, you can turn on/off and the trend strength is automatically in the dashboard of the main Lux Algo. hope this helps. (Im not sure if i answered your question?)

[lunar skiff]

@echo kiln i keep playing with the settings but cannot find it

got it thanks

[echo kiln]

now go get you a winning trade!

[lunar skiff]

dont know where to statr lol watched the vids but theres that many options

[lament path]

could I somehow add the Inicator Luxalgo SR & Patterns Premium back to my tradingview?

I like the old version better because I use the resistance and support zones

and now it's gone and can't work with it anymore

[echo kiln]

I think they moved the S&R to the Overlays

[lament path]

what do you mean overlays?ß

[echo kiln]

"LuxAlgo Premium Overlays," it's another Lux premium indicator with some old features they moved over to it.

[lament path]

cant find

[lament path]

can you help me pls to find it

[echo kiln]

https://www.tradingview.com/script/OuxK5U6W-Lux-Algo-Legacy-Overlays/

try this

[lament path]

thanks mate

[echo kiln]

hey no problem, best of luck, make some coin!

the S&R levels should be under the "Predictive SR" drop down

[quartz urchin]

I cant set up my indicator properly. :/

[echo kiln]

what did you need help on? adding the indicator to your chart?

[past acorn]

can’t get access? or can’t find a good setup?

[echo kiln]

Well that was stupid of me, trying to be smart half hour before news, but didnt get hurt, only scalped 6 pips short for the win. Didn't like the jittery price heading into one of those new fancy Discount levels 🤣

[summer wedge]

ya we need to understand these levels indepth before trading them .. waiting for video updates from admins 👍

[echo kiln]

More info to learn, the better they say, right? LOL. But I do know, a discount level with that high of a percentage means it will be very tough to break through to the downside, and more likely to bounce up from that level. But that doesnt mean anything when you head into news 🤣

[summer wedge]

true that, news can kill the trade

[echo kiln]

Dang, I should had held on to life through the news, this would had been a HUGE WIN for the short....🤣

Too bad TV not able to place bracket trades on the DOM 🤣 🔥

[echo kiln]

aususd short for 4 pips only as it hits the discount level, and look how it bounced up from there.

[summer wedge]

yup the new indicators are 🔥

[echo kiln]

Little over 3 pips on this short risky quick scalp on retest of one of those new fancy smc levels, closed out quick as the overall trend bias is long. I'm done, unusual that I took 4 quick scalps, instead of my 1 trade/day 🤣 not often I can play (test) with a new toy that we go yesterday. 🚀 Nice job LuxAlgo 🚀

[waxen ruin]

what leverage if you dont mind me asking

[echo kiln]

I just started a new mental trading style maybe 3 or 4 weeks ago, so with forex, I'm only trading 1 lot (100,000 units) hard target 10 pips, with 50:1, and will close out early if I need to, since then my win % is really high. Once I feel comfortable with my new style, I will trade with more than 1 lot size, maybe 2-3 lots, with same hard targets....thats the plan

Closing out early like this on the eurusd today, only made 0.1 pip, thats $1 🤣 price didnt want to break through some levels to the downside, it took longer than my heart wanted so I bailed quick, But it did eventually break through, oh well....bottom line, I survived another day

[charred pecan]

Is anyone having issues with TradingView today? My charts won’t load and it’s extremely slow when it does.

[echo kiln]

Yes had issue last Friday and right now. Trying to reload it again

[charred pecan]

It’s been doing this all day for me, getting really annoyed.

[echo kiln]

I’m up and running now. I had to restart my Mac. I think the cache or whatever needs to be cleared out.

[charred pecan]

Just done the same, all good now

[coarse fulcrum]

@charred pecan has earned the Lux Level 1 role!

<@!999591210891104266> just levelled up

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

[waxen ruin]

good for you, hope all goes well, and thanks for the insight

[deep zodiac]

Hey boys, what's a good platform for trading crypto?

[echo kiln]

i think the folks in the crypto-chat can point you in the right direction.....

[deep zodiac]

I tried.. I thought perhaps someone did both in here.

[echo kiln]

Hmmm maybe they will answer when they’re done trading. Depending where you live, you may have to go off shore. If you trust them 🤷🏻‍♂️

[summer wedge]

I use Bybit, good liquidity

[crystal pivot]

Longed last night for 42 pip win 1 to 3 rr

Finally

Good start for the week

[deep zodiac]

Feels great to take money from the grabblers.

[quartz urchin]

I can’t set it up properly

[echo kiln]

nice job, not sure if i can sleep while holding a position overnight, dang, nice job!!!!

[round vale]

New indicator is OP

[past acorn]

indeed it is

🔥

[echo kiln]

Eh, it’s alright

🤣

[lunar skiff]

only a couple of days in and loving it

[echo kiln]

hmmmm, high low candles. how do you trade these with out the price action of seeing wicks? curious.....

[lunar skiff]

@echo kiln which one ive been studying smc for a couple of years but allways struggled with entries, this has helped me so much

[echo kiln]

interesting......

[lunar skiff]

this os one m waiting on but will change as and when i see price enter my buy zone thanks to LUX

target

but im still learning too but this is just how i see it

big fall and at present just looks like a pivet point for a further fall but like i said im still leanring

big zoid needs filling might be wrong but i love seeing how these things play out

[echo kiln]

Not bad….

[lunar skiff]

whats your trade style @echo kiln

i keep trying scalping but suck at it

[quartz urchin]

Who can help me on seting up my indicator

because all it shows is the opposite of what's happening

[echo kiln]

I scalp the crap out of these pairs. My reasoning is, its not often that these go on huge runs, but we do know that they do move for shorter runs or ranging, more often than not. So I will only go for the quick scalp as the odds are in my favor, for that alone. The key for me is finding the "right" pair, on a perfect smaller TF, so that when I enter on the wrong side of the trade, price will come back and save me...

You always hear traders try to go for the huge r/r trade, and price goes in their favor, and then reverses because the trader held on too long and hoping for their r/r target. Meanwhile, I already scalped it in the beginning of the trade, before it reverses. Works for me....it may not be the best strategy on paper with r/r numbers etc etc, but works for me...5-10 pips a trade, and im out

PS: dont listen to me, I know nothing 🤣

[quartz urchin]

Could anyone just please help me out on the indicator so i can get started?

[lunar skiff]

@echo kiln my problem in seeing price shoot out of my entry then come back, i get out, and know i shouldn't as that is where i should put my stop once it has finished the pull back , mindset i know but im working on that

[echo kiln]

yeah, the hardest part of trading is your heart beating during the trade, its crazy...

[lunar skiff]

@echo kiln like tis i wanted to get out once i saw it drop. but now i can set my stop

[echo kiln]

Yes, I see the value of the high and low of each bar, less noisy. I think these bars may be more beneficial when swing trading a bit.....

[lunar skiff]

@echo kiln just tagged n to usdchf to the pip so will see how i do tmoro, hate it when it happens late on as cannot manage of get out of trade lol

[echo kiln]

@lunar skiff#💬hangout message

in a nutshell

[lunar skiff]

nice might have to go over how you scalp another time if you dont mind

i introduced a friend to scalping at work 2 months ago, he has 3 10k accounts now lol and im still getting there slowly

[echo kiln]

dang, you need to bring your friend in here. what do they use as far as indicators?

[echo kiln]

what do you need for help? technical help for installing on your charts? or how to use Lux?

[quartz urchin]

I just joined got an indicator been trading for some time and setting seem off since it shows the opposite of what happening on the chart :/

i watched the setting set up video it didnt help as well as i thought it would

[echo kiln]

not sure what you mean that shows opposite....can u send a screen shot and maybe someone or admin can help

[quartz urchin]

such as wrong singnals

i don't understand the indicator

[echo kiln]

ahhhhhh, you have it set to contrarian signal mode (counter trend)

change it to Confirmation+Exits

in LuxAlgo Premium settings

[quartz urchin]

correct?

[echo kiln]

change to Confirmation+Exits

or Confirmation Min

[quartz urchin]

just did

ok it looks much better now

[lunar skiff]

his is pretty much 3 ema's lol he just gets it, ive tried what he does but to no luck

[echo kiln]

nothing wrong in keeping it simple like he does, what are his emas? 15, 20, 50?

send him here to Lux, maybe the Lux EQ Cloud, Neo and Hyper will improve his stats?

[tawny sandal]

R/R is what screws things up IMO... 'cause you have the mentality of "hoping" that you were right with the analisys, then you watch the trade go red and hits the SL, just 'cause you wanted to be right... watching at past charts means nothing... when you see the huge moves, you think "yeah, i can catch those, would be good..." in real time, you will never know if the "big move" is going to happen in that moment or not...

so for me your style is the way to start looking at things... it's more like the management that the QQQ guys use with options

[lunar skiff]

@echo kiln na ive tried to get him to join groups before but as he says if it works why try and change it

[echo kiln]

true true

[echo kiln]

Yes @half wing written strategy is well written and simple. No wishful thinking on home runs, just boring little wins everyday....day in and day out

[lunar skiff]

@tawny sandal ive just set my mind to moving my stop loss to under every fractal...what i get is what i get

[tawny sandal]

nobody teach this useful shit to traders, only fairytales about 10RR and SL of 2 pips...
these guys are the best... @half wing @worn tapir

...and for instance, look at this image from VIP chat about micro scalping... that will be your account in a year 🤙

#💬hangout message

[lunar skiff]

choosing the right fractal time frame is a different matter

[tawny sandal]

yeah man, that's management... just try and find a way that works more often than not... and remember, breakeven is your friend... there will be another setup right after... just survive and don't lose

[echo kiln]

yeah, if you treat every day of trading like a job, get your small wins, and clock out for the day, and clock back in the next day. everyday....nothing fancy, small boring wins....

ill take that everyday!

[lunar skiff]

i have a friend 23 years old that got me into trading 170k in 3 years we where both bus drivers it amazed me how he would show me a trade he just put on before going out on a bus run, then come back with 12k, he shrugged it off, sayng i made my percentage for day, never looked at the money value, kept saying tome im looking at it all wrong

[echo kiln]

is he still bus driver? LOL

[lunar skiff]

no hes a lorry driver now lol, he never draws it out hes crazy, its liek a game to him

[half wing]

VROOM VROOM BITCHES

[tawny sandal]

does he owns a couple of bus now? 😂

[lunar skiff]

i used to say to him spend it for god sake, he replied compounding pal

[half wing]

tell him take out $50k

that’s decent for a year living frugal

[lunar skiff]

he went to declare it i think they wanted 30% or something like that not sure been a while since i chatted with him

[crystal pivot]

Thanks man Yeah I woke up few hours later saw trade closed. Was very happy lol

[half wing]

or just pull out 1/3 of any profit he makes

if he makes 12k, then take out $4k

that’s his paycheck right there

aint gonna hurt the compounding at all

dont get stuck with that without withdrawing

or it’ll end up be like FTX lol

[lunar skiff]

dunno how he is doing at mo

[tawny sandal]

fucked up? 😁

[crystal pivot]

Entered Long on USD JPY we'll see how it goes. So far so good

[lunar skiff]

@crystal pivot nice you looking at 140.342 for profit then drop ?

[echo kiln]

Oh shit, whats your target? Trend bias is to the short side though......

[lunar skiff]

i been looking at this but wont be taking as going to bed

[crystal pivot]

I know im going against the trend but I think its due for a second pullback to the 140.800

[lunar skiff]

the markup i did was rough the sell would have been frm the order block

[crystal pivot]

140.800

I jumped in the trade kinda late so had to adjust TP lol hope it works out

[echo kiln]

in forex, nice round numbers are psychological levels, in this situation, its 140, be careful

[crystal pivot]

Thanks yea lol

I am a little iffy since going against the trend

[lunar skiff]

@crystal pivot thats the only supply i see thats not been tagged

might be wrong

[echo kiln]

here we go, hitting 140 in a bit, will it break through?

💰

come on, push, PUUUUUSSSSSSSHHHHHHHHH

🤣

[crystal pivot]

lmao

I dont like to watch too much or I get too stressed

[echo kiln]

https://tenor.com/view/push-gif-5358912

[lunar skiff]

same keep pushiiiinnnnggg

[echo kiln]

retrace a bit for another push soon

[crystal pivot]

Yeah Id say so

looking good so far tho

Just need it to happen within few hours because big US news in the morning, cant get caught in that

Plenty of time left

[echo kiln]

this is where i watch the adv osc closely

it tells you alot of the story behind the curtains

[crystal pivot]

I cant read the advanced OSC

theres too much going on

[echo kiln]

shit, and there it goes

[half wing]

it’ll all be fake number on an app until u actually withdraw the money to ur bank account

[crystal pivot]

Next time I wont go against trend, but for this I lowered TP to 140.61

[echo kiln]

on he 1 min, the adv osc told me, and i mentioned here, hitting a wall and retrace....ill send a screen shot of the adv osc and what i saw

[lunar skiff]

of to noddy land catch ya later guys

[echo kiln]

the yellow oval I circled is when i mentioned possible retrace and becareful. Because the Adv Ocs showed and overbought sell signal, where i have the white circle

[crystal pivot]

Oo ok thanks. What TF is that on?

[echo kiln]

1 minute, i use it to fine tune my early exit if i need to close out trade immediately if my 5-10 pips has not been hit yet.

ill go lower if i have to depending on my schedule and my life and what i have going one that morning...

ill go to second charts often to get out quick

thats why my losses are not painful and keeps me in the game....small losses, if i get one, LOLLL

[crystal pivot]

Ahh I see. Thats a good method

well it broke 140 lol if 15 min can close above should be good

[echo kiln]

the adv ocs then told us, the retrace was over and printed a over sold signal (buy signal), to head higher

this stuff works 🤣

for scalping, it helps me alot, but for longer trends, this will give you headaches and close you out sooner than you wanted

[crystal pivot]

Hmm i might have to give it atry

for scalping

[past flame]

Anyone in here using a prop account?

[brittle field]

Any nas traders in here?

I trade smart money concepts. Plan on using this indicator mostly on the 4H + to get some nice swings on the Minis

[quartz urchin]

yo something is up with my discord i cant hear anyone

[verbal dagger]

Hello 🙂 someone can help me with lux algo price action please ?

[full condor]

What do you need? I got some time:)

[lunar skiff]

yesterrdays trades, i keep doing the same thing over and over getting out once i make some profit instead of just not looking and letting the m ride........need to change my mindset on this but not easy

[verbal dagger]

@full condor i don't really understand how is it working

[full condor]

which one?

[nova jetty]

I got a question regarding how to use news as an advantage for trading.

I am still trying to wrap my head around how news like this can effect the currency.

With this news, could we assume that the USD would get stronger?

@jagged slate

[full condor]

Firstly, you need to identify what are the most important factor or economic theme that have great effect on currency movement. This year - Inflation and Cash Rate.
Secondly, You may want to focus on Medium and High Impact news only.
Thirdly, Some economic data releases have some impact on price movement but not for long, this is called market sentiments.
Fourthly, You need to be aware of Macro Economics - if you are looking for a longer term directions. For Example, FED are currently pushing for rate hike for the reason to combat inflation. The long term impact of this is US recession thus weaken USD. Any worsening event in Russia / Ukraine have great impact on EUR thus will push upward for JPY / CHF (RiskOn / RiskOff) and so on.

That's how you trade the news, you need to learn correlations (inter-market) and market sentiments (see forexlive.com and baha.com/news or fxstreet.com)

[nova jetty]

Thanks for the info 💪

[full condor]

Try to learn correlations because this will help you which pair to trade when some news or events released.

Say WTI or OIL

When price of OIL goes upward, you buy CAD and sell JPY thus trade CADJPY.

Why?

CAD = net exporter
JPY = net importer

Or say US Treasury Yields goes up then buy USD

But you need to be quick as some datas or news maybe released thus impacting your traded pairs.

[nova jetty]

could you recommend any other sources that would be great for getting updates regarding news?

Or are these good enough?

(see forexlive.com and baha.com/news or fxstreet.com)

[full condor]

that should be good enough, not to muddy your ideas

[nova jetty]

Thanks allot for the information @full condor

[echo kiln]

I messed up, FML, woke up and while taking care of the dogs, entered a short usdjpy, before open and before news, the sucker went up against me and got bent over and I took it hard, but stayed in it as I was hoping the overall sentiment of usd would fall against the jpy, after 1.5 hours, came back in my favor and got the hell out with 2 pips, not the best r/r, but i escaped...WTF

heres evidence of my F-Up

[soft void]

guys is it common for forex pairs to show that it's not trending on dashboard on ltf?

[summer wedge]

where did you enter, well done on not loosing mate

[echo kiln]

the 1hr Adv Osc saved my butt...

[echo kiln]

Entries and exits are auto marked on my chart, in white font, as I use Oanda integrated into TV and I trade direct on my TV charts.

and this is slowly going down to the short side, I guess I was right, but much too early on entry, LOLLLLLLL

[summer wedge]

so you dont stay in any trades for too long i guess

hence the risk apetite is low ?

[echo kiln]

for profit taking, I only take a small amount of pips, hard targets about 10 pips is my goal. but I will hang on if it goes against me as long as the overall higher TF tells me to hold on. Because if the 1hr says down trend, it doesnt matter what lower TF chart you see, some lower TF will say its going up, and some say it is going down. So emotionally, traders will only pick the lower TF charts that agrees with their position, even though it goes against the higher TF.....we see what we want to believe by scanning the charts and picking the one that agrees with us. This is what I learned not to fall into this trap

again, dont listen to me, I know nothing

🤣

[summer wedge]

understood

makes total sense

[echo kiln]

should I had closed out once it went against me? I think we know the answer to that, yes. But I wasnt really paying attention at that minute as my dogs was clawing at me for morning food 🤣

[summer wedge]

Blessing in disguise then 🙂

[echo kiln]

lets be honest, lucky. i can spin it alot of different ways, but lucky. lesson learned, take care of dogs first, then trade. never dogs and trading at same time 🤣

[summer wedge]

hahahah true that

[echo kiln]

i think im done for the day, these pairs been chopping since open. Took 2 more shorts, just couldn't push to my 10 pip targets. Total 5 pips today. Oh well...

[summer wedge]

proft is profit

[echo kiln]

yeah, better than a punch in the face

[crystal pivot]

I think I need to change my tp cause I had 2 easy 1 to 2 trades yesterday and 1 to 3 doesn’t always hit

You guys think 1 to 2 rr is still good profit? On 15 min TF

[crystal pivot]

Turns out if i adjusted my SL couldve hit 1 to 3 rr on both...hmm

[echo kiln]

How about this thought process, if we use indicators when they show us a good time to enter, why dont we use these same indicators to show us when the move is exhausted or over, to exit? Why place an artificial rr number on your trade that has no relationship to the indicators that you used for entry? Just a thought, and different kind of trading personality 🦋

[summer wedge]

correct , my RR is dynamic usually

[echo kiln]

same here, my SL is my fore finger on my mouse and constantly moving.....

[echo kiln]

ohhh it trends....dont blink though

[soft void]

lmao fair enuf

[crystal pivot]

Well I use RSI and stochastic but I was asleep for most of my trade

RSI was nowhere near overbought but stochastic was

Im so mad...if I had tighter SL at nearest support/resistance I couldve made 24% from those 2 trades yesterday risking 4%

[echo kiln]

thats good, at least you know what you did or didnt do

thats half the battle

look at me, i know how i screwed up today, but i ended up with under 7 pips total in the green.....

[crystal pivot]

Yeah luckily I still made some profit from both trades closed early...

I saw it coming lol

[echo kiln]

my worst day in over a month, but i survived, and learned from it

[crystal pivot]

Damn

Yesterday couldve been my best day lol

[soft void]

true, if you wanna do 2RR then it has to be supported by TA, which is almost all the time a key level, is 2RR TP above a key level? then maybe 2rr is a longshot, can the key level be broken? then maybe not a longshot

same goes for 1RR, ur strategy winrate better be above 50% for it to be profitable, if ur entry can get u 1RR at a reasonable SL level then better not take the trade

if ur doing less than 1RR, u most likely have to do high frequency trades with pretty high winrate

something im not willing to do lmao, i dont like trading 1min charts because it demands a lot of attention and speed to enter positions

1:3RR is more often than not hard to achieve intraday

10RR for swing is good

probably can do 1RR on swing but time value of money is bad

[crystal pivot]

Yeah thats what im trying to do

heres the 2 trades I had last night and if I had proper SL wouldve worked out, even though it was tight

Both wouldve hit 1 to 3 RR

It is close but couldve worked out

AUD USD and USD JPY

[soft void]

yeah, well if ur trading liquidity levels ur SL can be at swing lows/highs on ltf

[twilit pier]

There is a channel where can i find signal? Thanks

[soft void]

SL has to make sense, otherwise they will always get hunted

[soft void]

u bought lux algo and ur asking for signals?

ngmi

[twilit pier]

Yes

[soft void]

ser ur ngmi

[crystal pivot]

Yeah I need to start putting SL at the nearest support/resistance not the major thats further away lol

[soft void]

yep my SL must have at least confluence with 2 things

if its an area with no confluence with something else im not betting on it bouncing from there

[crystal pivot]

Yeah makes sense

Im learning...next trade im gonna be careful with the SL since it can cause the whole trade to fail

[soft void]

like here, this is a scalp long entry, SL is at orderblock confluence with discount zone and previous day low level

[crystal pivot]

Instead of making $240 yesterday I made like $25 lol

[soft void]

5min chart

it happens, with experience u see what you can do better, also remember to risk manage

only use 1-5% risk per trade

[crystal pivot]

Nice thats solid af

[crystal pivot]

Yeah I was doing 3% but now I want to do 4%

[soft void]

cap it at 5% once u get confident

there will be shitty months when u might lose, it happens even to the best traders

[crystal pivot]

Im not going higher 4 tbh with 50 leverage I barely have enough margin for some pairs lol

[soft void]

i know fulltime traders who still lose consistently in a single month

so the amount u lose at SL MUST be the 4% risk

[crystal pivot]

Yeah im strict on that part

[soft void]

then you're good, u wont run out of capital

i started off without risk management months ago, even quit my job from overconfidence lmao

[crystal pivot]

Yeah so far my strategy has been successful, I just need to adjust SL and never trade news again lol

[soft void]

someone had to school me about risk management , i took it seriously, if i hadn't i'd be bankrupt today

[crystal pivot]

Damn lol thats what im trying to do

[soft void]

lmao i used to trade every economic news like fomc and cpi, first few times was amazing

sooner or later u find out market is irrational

it will screw u from behind

[crystal pivot]

Savage lol

[soft void]

i stopped trading news, i usually pause my trading 1-2 hours before the numbers come out, then resume 1 hour after to let the volatility settle

like today's retail numbers , i still havent opened a trade lmao waiting for the reversal if there will be one before US close

[crystal pivot]

Yeah I got caught in CPI last week on AUD USD SL was set to $30 news spiked it so hard I lost $145

Now I check news everyday lol

[soft void]

yeah better stay away, market is irrational longer than you are solvent lmao

[crystal pivot]

For sure lol

[soft void]

https://www.forexfactory.com/calendar

[crystal pivot]

I’m waiting until this evening to see what’s going on too

Yeah that’s what I use

[soft void]

nice

[twilit pier]

When i see strong sell or buy where can i put SL or TP ? Thanks

[soft void]

sigh

[crystal pivot]

Lmao

[soft void]

marco i suggest you learn how to actually trade first beore using lux

lux isn't a magic money making machine

its just there to help you make decisions

[crystal pivot]

Yea Lux definitely helps a lot. Every signal I get I do a quick analysis of everything and different TF etc and then make the call

[soft void]

https://docs.luxalgo.com/getting-started/what-is-lux-algo/

dont be lazy and read

trading is not easy, will never be, it's hard work

[crystal pivot]

Yeah facts

My goal is 2x per month

[soft void]

u wanna double ur capital in a month?

[crystal pivot]

Yeah lol

[soft void]

on average traders make around 30-40% monthly

[crystal pivot]

Hmm that’s not bad either

[soft void]

full-time

u can do 2x on crypto in a bull market

which is in like 2 years

[crystal pivot]

Rip lol

[soft void]

i only switched to trading silver today lmao i got sick of crypto's price action

even lux algo can't help

[crystal pivot]

My strategy has around 70% win rate at 1 to 3 rr. But I’ll see how this month goes and get a real test

I clearly still need to work on a few things like SL

[soft void]

quality trades > quantity

[crystal pivot]

Yeah agreed

So far I only get like 3-4 trades per week

[soft void]

u can TP 50% at 2RR, move SL to Breakeven, close at 3RR, that way just in case it doesnt hit ur 3RR TP, u still win

[crystal pivot]

Yea that’s smart too…

Well waiting until tonight to see what’s going on. Nice talking to you man 👌🏼

[soft void]

nice talking to you too 🙂

[crystal pivot]

Keeping an eye on AUD USD tonight divergence on 4 HR

[worldly goblet]

Also a bit of a double top

[crystal pivot]

Yup I wanna see another retest somewhere up top and then it’s looking good

[crystal pivot]

Some big AUD news in 2.5 hours

[coarse fulcrum]

@crystal pivot has earned the Lux Level 2 role!

<@!417499124259356674> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[echo kiln]

Dang, this forex chat has been busy today.......no need for me to lurk in crypto room 🤣

[tawny sandal]

@echo kiln man, how is the spread on oanda? ...you're doing pretty quick scalps, is it good?

[echo kiln]

I have no complaints, they have a live spread monitor on their website, just like the other major forex broker, Forex.com. The spreads fluctuate depending on activity time of day.

You could find some back alley forex broker with no spreads and just charge you a small trading fee. But for me, I dont trust those brokers, as they may play against you, which gives forex brokers a bad name. But for the 2 major ones, Oanda and Forex.com, they are transparent and dont play against you....

[tawny sandal]

IC markets it's said to be the best, even 0 pip spread (with the pro account)... but i want a broker that i can use with tradingview... i think that oanda would be the best

[echo kiln]

Yes, that was why main requirement, to actually make trades on the TV charts and DOM, which is integrated with a broker, I dont want to study a TV chart and then execute a trade on a separate broker account chart/dom. I know many traders do that (such as crypto folks) for the most part, but I'd rather not.

And as you can see with my past chart posts, my executed trades are plotted on the TV charts, so I can always go back and study and figure out what I did wrong or how I can improve...etc etc...This is priceless

[tawny sandal]

yes, i want to do it from the chart... for trailing the stop, move the TP visually and shit like that

[echo kiln]

YUP!!!!!

[tawny sandal]

they have retail and pro... are you retail?

[echo kiln]

Forex.com is the same, I have this account as well integrated with my TV, but I use Oanda mainly. Either one is just fine, both regulated n the states and both dont play against you.

Retail, im not fancy like a Pro

maybe one day when i start to make a ton of trades consistently

I dont mind paying the 1-2 pip spread as the dollar profit that shows on my TV DOM at my hard target is what I get.