💱forex-chat

[tawny sandal]

👍

[echo kiln]

NICE.

Now change that DEMO to LIVE 🤣

jk

[tawny sandal]

yeah man... just a couple of more test to my strategy and i will

trading has a learning curve pretty long to be honest... you must cut through the noise to get back to the essential

[crystal pivot]

Oanda spread is pretty low on the more popular pairs I barely notice it

But Oanda did screw me over last week during the daily candle close, my SL was 25 pips away from the price and somehow closed my trade. Highest spread I've seen was like 10. I contacted customer support and they showed me their chart where the price actually went all the way up there...they said because tradingview is a 3rd party the price isnt accurate. So I checked Oandas live chart and it was same as tradingview. Basically I think they screwed me over on that....I just never trade from now on near daily candle close. Sketchy stuff

[echo kiln]

Did they close you maybe because of your margin call?

[crystal pivot]

No I had plenty of margin left. I can show you the pictures, the chart he showed me literally went like 20 pips higher then trading view chart and oanda live chart...seemed sus

[abstract vapor]

whats your settings ?

and or strategy layout

[crystal pivot]

I dont really wanna share everything because I spent so many hours backtesting. But its 15 TF with auto signals and other indicators

Plus Ive only been able to do few live trades so far

[abstract vapor]

how many backtests ?

[crystal pivot]

I believe it was 28 trades. Won 19 lost 9 at 1 to 4 rr....but I quickly realized 1 to 3 is much more realistic because cant have perfect SL everytime. So win rate is little higher.

Only gets a few trades per week

But i spent days switching up the indicators and re-backtesting, it was aids lol

[echo kiln]

Come on, share, we all share here......you've picked up a few things here right? be a friend and share 🔥

[crystal pivot]

lmao

Let me win a few trades and i promise ill share

I need to make sure it works for sure

[echo kiln]

oh ok, I thought it was a constant winner on a live account already...

we will be waiting and wishing you the best

[crystal pivot]

Oh no I just started last week

Thanks

[echo kiln]

ahhhhhh

you spent hours back testing, I spent 10-15 years buddy....🤣

just playing with you

all good

[crystal pivot]

lol well I traded like 5 years ago but gave up until 3 weeks ago when I decided to get back into it and found Lux algo

[crystal pivot]

Damn thats insane

[echo kiln]

Yes, having a time out actually does you good, when you come back, you should be able to learn from your blown account mistakes in the past....

[crystal pivot]

Yeah I was a complete idiot back then. I feel like a pro compared to before already lol

and with lux algo even better

[echo kiln]

Yeah long time, back in the day, I traded on NinjaTrader, and then Think or Swim.....took a break, came back to Lux and TradingView, and never looked back...knock on wood

[crystal pivot]

Oo nice. I only used Meta trader back then...I hated tradingview for some reason lol. Now I love tradingview and its all I use and Lux Algo

AUD just had some good news but people shorting lol or just a wick i guess

[supple sonnet]

Unemployment metric is not a great one as it is designed to favour the government

and we have a critical shortage of labour so it should possibly have fallen even more

[crystal pivot]

Interesting ok

[echo kiln]

I love forex, many say its boring and doesnt move like crypto or futures etc, but thats the beauty of it (shhhhhhhhhh). My reasoning is, forex ranges most of the times because its currency, it can only go up or down so much. Example, for a USD pair, it can only go up and down in a certain chop range, there is no such thing as a currency pair that is priced at $1.50 and it goes to $100 in 3 hours, doesnt happen as its currency. As far as crypto or futures or whatever, yes, that crypto asset can be $100 now and in 2 hous could be $2,000. So when I enter a trade on forex, and if I guessed the wrong direction, more than likely, price will come back to my entry for break even, or come close enough for me to close out for a small loss that wont blow my account.

[crystal pivot]

Yeah thats true...good point

[echo kiln]

ill post a 1hr chart for the past week and ill show you what i mean...hold on

[waxen ruin]

unless you're playing with high lev

[crystal pivot]

When I found lux algo I figured out a really good breakout strategy for crypto, then realized I cant trade it since im in US. The strategy completely failed in Forex lol so had to redo everything and figure out a new one.

[echo kiln]

yeah, i only do 50:1, manageable for me

[crystal pivot]

Nice no crazy news for 12 hours...thank god

[echo kiln]

here is 1 hr chart usdjpy, for past 1.5 weeks, all my trades printed on my live oanda account, all winners. look at the price trend, mostly ranging flat line. more often than not, targeting a small TP like 10 pips will be a winner....

[crystal pivot]

Nice thats solid

[echo kiln]

thats just this pair, i trade some others as well, same story, boring and slow, NOT sexy at all, but i get winners

[crystal pivot]

Yea thats what matters lol

[echo kiln]

now if you post the same 1hr chart for past 2 weeks on btc, what would you see? huge up and down runs, that you think you can pay your house mortgage off. That is true, if you guessed the direction correctly, if not, you cant really hold the drawn down trade in hopes it comes back. In forex, i can somewhat hold that drawn down trade....

[waxen ruin]

I know. Just saying that for some it can be even more volatile than crypto or w/e cuz there's lev up to 500

[echo kiln]

Yeah, i wont go that high. Fortunately in the USA, I believe the feds regulated Oanda and Forex.com max at 50:1

[crystal pivot]

Yea 50 is enough tbh

but some pairs it doesnt work out

[waxen ruin]

Interesting, I'm in Poland and have an account on ic markets with up to 500, but we can't have options in Europe lmao

[echo kiln]

Yeah, here in the states, our wonderful government says they are protecting us, we cant day trade crypto or high leverage forex. for crypto, we have to have off shore accounts. Just like your profile name says....whatever 🤣

moral of the story, keep your Lux charts simple, and you are good!

[terse haven]

I’m short gold let’s see this 1hr signal

[crystal pivot]

GL, youre doing 1 to 1 risk to reward?

[terse haven]

Yes 1:1 , and thanks

Closed half already

Running in profit, letting the rest ride

[crystal pivot]

How do you close half the trade on tradingview?

[terse haven]

@crystal pivot I’m trading on MT5 , trading view is just for my charting

Closed out of all took profit

[echo kiln]

In forex, let’s say you took a short of 1 lot size, which is 100,000 units. To close half, just close 50,000 units, now the remaining 50,000 still in the game

[icy wraith]

The x where it shows your money

Perss partial close

Then divide your position by 2

[crystal pivot]

Ooo ok thanks

[solar knot]

hey guys

i seem to cant see the settings from the indicator setting bot areas

[summer wedge]

Morning all

[next copper]

What are these green lines? Will you kindly share?

[summer wedge]

question to @thin meteor or anybody who can answer

which forex pairs are easy to trade ie for new traders and which one moves a bit so we can practise and see our indicators at play

[rough vapor]

hi

i am new to this and new subscriber of LUX, please help me to setup my chart, 1- which script to trade,2- which strategy to apply, 3- what is the setting of that strategy, if any one help, i'll be very grategul to you

[alpine nacelle]

1

[rough vapor]

?

[waxen ruin]

imo go for high volume ones, like eur/usd

[terse haven]

I have a Wma and ssl hybrid, filters out a lot of signals 👌

@next copper

And this is my Lux settings

Set two Lux oscillators one advance and one stochastic, set both length at 50 and remove the dynamic from the stochastic

[next copper]

is it working well for you? do you trade only one pair?

[terse haven]

Rules for entry , both oscillators came to the lower channel, turning up, buy signal breaking the ssl hybrid and ur good to go , you can target 1:1 or trail the trade , get out when price breaks below the Wma to secure profits

[terse haven]

I been trading for a while , I joined Lux recently, so I already had some strategy, but with lux it made it much easier ngl ,

I trade gold, GBPUSD, eurusd and usdjpy are my main 4

Signals are pretty good if u take them with the oscillators , of course there will be times like news and market opens where signals get choppy, just stay out of signals on Hugh candles

[next copper]

whats the setting for wma? I really appreciate your time mate.

[terse haven]

Would be nice if Lux added a Wma and a ssl hybrid type of indicator to the main buy and sell indicator, I personally love it

[next copper]

Do you keep agility to 0 ?

[terse haven]

Yea

[coarse fulcrum]

@terse haven has earned the Lux Level 1 role!

<@!835369963560501292> just levelled up

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

[terse haven]

The higher the agility the further the signals with the current sensitivity I have set

So 0 seems best

[next copper]

alright

[next copper]

@terse haven does setting changes if i switch between pairs to look for entry?

[terse haven]

Yea signals will vary, but strategy stay the same , only take the signals when both oscillators coming up from the bottom and then price breaks ssl , works great , this is on the 5m TF

[next copper]

i must wait for the signal to appear? yes i saw your chart on 5min. i have set it all up. I hope it works for me. I've been looking for a strategy for months. Nothing worked so far. Thank you mate

[terse haven]

Ur welcome 👍🏼 and I recommend waiting for a signal for confirmation,

Price can fake out breaking the ssl and not give a signal and then go against you so yes wait for confirmation

I like to wait for a signal because I target my risk/reward from the signal on the candle close

Gives me proper SL and TP

Set SL below previous order block from the signal and target 1:1 from there or trailstop ,

So far this is working for me pretty good @next copper

Always have a plan and take profits when needed to be , im not greedy regardless of emotions, ect ,

Just have a plan , set of rules and stick to it and you will see progress

Here’s a few trades I took few days ago before joining lux algo , I bought gold at 1619 and that the only trade I’ve ever regretted not holding long term , wasn’t expecting this massive push until I seen the bullish engulfing on the weekly candle

[next copper]

i'll stick to 1:1 for now. Once i get comfortable il see a plan

[coarse fulcrum]

@next copper has earned the Lux Level 1 role!

<@!1001678797210390548> just levelled up

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

[rough vapor]

can you share your setting and startegy

[rough vapor]

same condition here

[terse haven]

Scroll up a bit I shared settings above

@next copper this is why the signal confirmation is important for this strategy u can clearly see if the ssl break is valid or not

Plus both oscillators are not bottomed out so I stay out until my conditions are met , i dont need to trade everyday but likely will get at least a trade per day , only when those conditions are met

[next copper]

yes i get you mate. I will stick to your strategy and see how it works out 🙂

[rancid osprey]

Nice strategy 👍

[terse haven]

Thanks , hope everyone can take advantage of it 📈

[tawny sandal]

@terse haven i'm testing something like that, just a little different... i was looking at your settings... why did you choose 50 period for the stoch? it looks pretty accurate

[terse haven]

I took my time testing periods and 50 is like the most accurate, the thing is that the lower the numbers the more waves and signals, so I try to tweak it to where it gives less but more accurate signals ect , and using both together stochastic and the advanced at 50 is really accurate on the 5 minute TF

[tawny sandal]

i use a multi-timeframe stoch... on the 5 min it shows the 5 min stoch and the 15 min stoch, when both move the same way, the signals have more strenght... you can use them to take profits too... usually the higher timeframe stoch holds more weight on the lower timeframe price movement

[terse haven]

Very true , the higher the TF the better for the stochastic, I look at all timeframes before taking a trade but entries on the 5m , but only when both oscillators were at the bottom , I have alerts set so I’m not watching the charts all day everyday , whenever stochastic hits level 30 I get an alert and that’s when I start looking for a trade, being stuck looking at the screen is not good for u and will cause you to overtrade

[civic sail]

You should do a live call sharing settings

[lunar skiff]

how do you set an alert at that level

[tawny sandal]

at the start i used to trade on higher timeframes... they say it's better... the fact is that i was spending hours watching the charts, waiting for the setup... but price action is the same, on every timeframe... so on the 5 min, you wait for the setup, take your trade and you are done... instead of waiting and waiting

[tawny sandal]

look at the screens shared... ⬇️
#💱forex-chat message

[terse haven]

@lunar skiff

[terse haven]

Exactly, all timeframes are similarly the same , what changes is the distance between your targets and ur levels

U will algo get more trades on the 5m

[lunar skiff]

thanks bud

[terse haven]

No problem

[little hinge]

5

[echo kiln]

Done, 10 pips at the open, in 10 seconds, with the dam news, WTF, my heart cant take this risky shit 🤣

[tawny sandal]

10 pips with 1 lot are like 100$?

[echo kiln]

yup, $100 for now. The goal is to perfect my 10 pips everyday, then when I am ready, I will trade with more lots, about 3 lots

then it will be $300 each day

[next copper]

Mine doesn't show value?

[tawny sandal]

that's really good... do you risk 1%?

[echo kiln]

i dont trade for the big runs for the big money. for me, i trade the easier small targets and i will increase my lot size

[echo kiln]

my stop loss is fluid, i dont have a hard SL, i move it around

my SL is when the indicators tell me its over

[terse haven]

Change the advanced oscillator divergence to crossing then u will get the value

[tawny sandal]

yeah that's the plan... so with 1:50, you need 2000$ to trade 1 lot, right?

[terse haven]

I trade 1:500 on lqdfx lol and 1:100 on funded account

[tawny sandal]

shit... that's high

[terse haven]

Yea that’s why I trade like 0.3 or 0.5

Just lower ur lot size on higher leverage

[echo kiln]

depends, i think so, based on the leverage you want to use, you can do 1:1 or up to 50:1 if your i the states, if your anywhere else, you go go as high as 500:1

[terse haven]

I use lqdfx 1:500 , I’m from the states

Lqdfx allows USA traders to trade 1:500

[echo kiln]

true, but i like using regulated forex brokers to be honest, i dont trust anyone else with my money (hint crypto brokers)

there are many back alley brokers in the states and off shore, my preference is to walk a straight line 🤣

1:500 will kill my heart if a trade goes against me a little. if i do 50:1, i can actually hold on to a draw down trade if all my indicators tell me so

[lunar skiff]

@terse haven do you put stop at close of confirmation candle or swing low/high

[terse haven]

I put the SL slightly below previous order block and target 1:1 or trail SL once in profits

[terse haven]

This is true , I haven’t had an issue with withdrawals with them yet and I keep a small balance nothing above 1k but they are offshore I believe

[echo kiln]

ok at least you dont have much money in there. thats the key, withdrawal? can you withdraw with no stress? and will they surprise you with some other KYC bullshit in attemp to hold your money? because they are at risk as well releasing the money to you since you are in the states and they know about the regulations that they should be adhering to for USA citizens

for me, i dont want the stress, ill walk a straight line and use Oanda or Forex.com that are in the states and fully regulated, my money is safe

[terse haven]

You can withdraw as crypto or cash out trough payredeem, you need to verify ur account, your ID and proof of address

[echo kiln]

the question you ask your self is, since your in the USA, are you confident in depositing $20k in an offshore account? or a regulated broker here in the USA?

withdraw in crypto? LOLLLLLLL

thats where they by pass the FEDS

[snow lagoon]

@terse haven so you only enter if the price has broken through the SSL hybrid?

[echo kiln]

good luck to you

[terse haven]

Never would deposit 20k onto it lol

[echo kiln]

🤣

jk

[terse haven]

Yes that’s correct ✅ and enter with confirmation

[echo kiln]

crypto = fraud and money laundering = by passing regulations = big trouble down the road

[terse haven]

Yea I don’t trust any crypto, it’s all a Ponzi scheme

[echo kiln]

ok back to Lux talk

[jovial yarrow]

That's straight up FUD my dude. Is SOME crypto ponzi? Yes. Its ALL crypto? No. Otherwise international banks, starbucks, disney, etc. wouldnt be working so hard to onboard

[terse haven]

If any have questions on how I trailstop here’s a screenshot

Once in profits I move SL to below previous candle wick

[snow lagoon]

Do my SSL settings look correct to you?

[jovial yarrow]

Sorry. Had to defend. I see this is forex

[echo kiln]

too bad these same peeps are un-boarding now 🤣

[terse haven]

🤣 we all got our opinions it’s all good

[echo kiln]

just because someone is jumping of a bridge, doesnt mean everyone needs to jump off

[terse haven]

Yes , just remove the candle bar colors from the ssl settings so u can keep using the colors from lux

[echo kiln]

its all good, we are all here in LUX, we are family

lets trade!

[snow lagoon]

Also which WMA do u use on trading view I can’t find a good one?

[terse haven]

The first one on my list

Made by jatubio

[snow lagoon]

Legend cheers man

[lunar skiff]

can i have a screenshot of the colours you use so i can sclean this up please

i keep playing around with it but still hard on the eyes

[terse haven]

I only changed the color 8 to a golden color

[lunar skiff]

maybe just me but just doesnt look right

[terse haven]

Go to chart settings and remove the borders from the candles @lunar skiff it should fix that

And set both wick colors to grey

[terse haven]

I’m longing eurusd

[terse haven]

Will be Cutting looser short if we close a candle below PDL, broke back into ssl but holding previous daily low , let’s see if it bounce

Can’t win them all , it’s part of the process

[rough vapor]

how to trade option nasdaq from india
which broker provide option trading
and what abbout cfd

[worldly goblet]

Why did you enter so early? Didn’t get half the signals and you enter??

People need to STICK TO THE PLAN and not just jump in. That’s why you lose money.

[terse haven]

What do u mean ? I did stick to my plan and rule , confirmation candle , both oscillators coming up , price breaking ssl, proper SL and TP , cutting looser short when trade goes against

I don’t know what u are referring too but this was planned out

In fact SL hasn’t even hit and haven’t got a sell confirmation so I’m my view this can still play out , price is bouncing from previous order block

Of course can’t win them all I’m not perfect, I don’t think anyone is , what’s important it’s consistency

[worldly goblet]

Im referring to the fact that that the WMA was below the SSL. It hadnt crossed yet and then the SSL was still red plus your entry was right on top of the SSL. The advanced OSC didnt show any green yet . You jumped the gun imho

[terse haven]

And knowing when to cut losers is also part of good planning

[worldly goblet]

This is when i enter. Not saying you have to do what I do but its more confluence

[terse haven]

Ok I understand what ur saying, I don’t need the advance to show green yet , what I want from the advance oscillator is to give the advance buy signal on the very bottom, and coming up , price breaking ssl ect , i don’t wait for the Wma to cross the ssl , but as long as it’s green and price above, that’s why I took entry , but in regards of taking it a bit early yes I did , but price breaking back down the ssl is where I cut looser short

But the way ur doing it is totally fine as well , more confluence the better that’s right

[worldly goblet]

the final step in my entry is the bullish engulfing candle. i will always try have some sort of candlestick confluence as well as that is directly related to current price

[terse haven]

Ssl acts as some sort of support and resistance, I took entry below with the strong buy expecting it to break above ssl which it did break above, but they hammered that thing down

[vivid storm]

I know you all respect your strategies very highly and I love that for you. I am not in here to convert you all to a religion

But this is all you need to be successful https://youtube.com/playlist?list=PLVgHx4Z63paYiFGQ56PjTF1PGePL3r69s

This and a motivated mindset

Good luck brothers.

watch the first 10 episodes and thank me later... there's no going back once u start.

[worldly goblet]

Tell me about FTMO. I wanna do that challenge. Is it worth it? Did some research online and a lot of posts were saying that its scammy.

[coarse fulcrum]

@worldly goblet has earned the Lux Level 2 role!

<@!436156736231964712> just levelled up

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

[terse haven]

There a better props out there , FTMO is definitely not a scam , but their rules aren’t the best

I already passed 4different props/ FTMO, fundednext, MFF and thefundedtrader

The best ones in my opinion regarding rules for max DD and account sizes and best prices for challenges is thefundedtrader but they charge $5per lot and spread/slippage ain’t really that good they use eightcap

Fundednext sucks

Ftmo is alright, good spread low commission

MFF ( myforexfunds) $3 commission per lot and low spread , better rules , prices and multiple account size to pick from is good

In my opinion MFF is the best

[worldly goblet]

ah shot for the info. i havent heard about the rest of them. i will check mff out

What are the upfront fees?

[terse haven]

Depends on the account size you pick

They refund you the fees if you pass the challenge

[worldly goblet]

Ok great. Thanks man. Appreciate it

[terse haven]

No problem 💪🏽

[terse haven]

Eurusd ended up hitting Tp

Kinda close tho lol

[terse haven]

GBPUSD TP hit 1:1RR

[snow beacon]

@terse haven where can I learn how to trade forex? I’m consisnent thank god on crypto but never tried forex

[lunar skiff]

i have had 9 wins and 2 losses thank @terse haven for your time to explain the strat

just waiting to see what usdchf does now

and eyes on nzdchf as its hit a poi on 15m

[terse haven]

🔥glad to hear that

[terse haven]

I wouldn’t know where to send u to learn but there’s all sorts of information out there to learn, if u are consistent on crypto then you probably will find it easier to trade forex

Honestly the concept of both it’s the same , go long or go short , so I don’t thinking there’s much more u need to learn

Tho I personally find forex to be more respectful on terms of support and resistance, and better price action

[snow beacon]

SR and price action is my reason for consistency so thats reassuring thanks man. its just my math isnt that good to calculate lot sizes and bips and other terminology. i think that will do me a damage

[lunar skiff]

@snow beacon theres free tool you can use on mt4 etc that do it all for you

[snow beacon]

much love

[terse haven]

The way I personally calculate lot and pips , depending on the pair u get different pip values , so get familiar with that , but for gold let’s lay u trade (1 lot) every dollar against you or in favor is $100 so for every 0.1 lot is $10 in profits or loss for every dollar gold moves against or in favor

Example
If u want to risk $500 to make $500 with a 1:1RR then u trade 1 lot with a $5 move SL and TP

Gold is very volatile tho I don’t recommend gold as you first pair to Learn

For eurusd every 100points is also $100 with 1 lot

But u can trade with a minimum of 0.01 lots is the lowest size I believe, so just plan accordingly when deciding ur lot size

[snow beacon]

I appreciate it bro, many thanks. i think like you said forex respects price action more than crypto

ill do my due diligence and research before entering forex

[soft void]

i agree, i just recently switched from crypto to metals because price action on crypto is so bad i'm burning capital trying to scalp

swing isn't even an option with the super bearish sentiment

[snow beacon]

yeah

4h chart /higher tf is broken

[echo kiln]

Question, im not being a smart ass, just honest question. If he, Mr. ICT, and his SMC is the holy grail, I assume you went through his paid course? and if so, then why did you sign up for Lux? Honest question....

[vivid storm]

Nope I did not go through his paid course… would be an honor to be selected to join it but he offers his free mentorship on YouTube… keyword free .

I haven’t even gone through all the videos just yet, I am only 20 episodes deep but I’ve received more information in just a month then my 3 years of mindless trading.

Only reason I’m paying for lux is the community of profitable individuals that I can network with, I recently canceled my subscription but one of my mentors @full condor insisted that I should utilize the new PAC and luckily the 60% discount was giving a great deal on a year subscription that I couldn’t pass up.

PAC indicator and Mr.Micheal’s teachings will be my path to financial freedom.

[echo kiln]

Good to know...I did scan through some of his vids, for me, it was hard to get through the huge ego, and the claims that he invented market structure. Which I hope everyone knows thats simply not true. It's like me saying I invented trend-line techniques, LOLLLLLLL. But dont get me wrong, market structure or ABC patterns or HH's HL's LH's LL's is valuable, but he DID NOT invent this. Did you take a look at Gecko's video today? It's 20 min's of pure info, cut and dry.....for someone new to this concept, you get the cliff notes from Gecko, and from there you decide if you want to pursue this style and read up on it.....

One day when I can learn to ignore his huge head and just listen to his teachings of market structure...but now, im ok with out him. Maybe when I have time, i'll attempt to watch again🤣

[vivid storm]

Lolol I find his ego very funny and the way he puts things through. Completely understandable, he’s not for everyone! I do believe him when he says he is the creator of SMC, my intuition or inner voice told me to trust him and study the concepts. One of my IRL friends sent me his way a couple days after I discovered FVG and all those SMC it was like divine timing lol.

Could you link me that video? @echo kiln

Before that I was mindlessly relying on indicators blowin my account

[echo kiln]

https://youtu.be/gKyn7dbHhEo

Truely is the cliff-notes of market structure 🚀

[vivid storm]

Thanks brother, this is most likely everything to put me in the right direction

[full condor]

PAC is FTW !!!!! I wish everyone will learn thoroughly the SMC.

And thanks @vivid storm just giving back to the community what I learned from others

[ashen talon]

hi everyone

[echo kiln]

👋

make yourself at home...enjoy the show

[ashen talon]

anybody who dose Nasdaq 1oo

[terse haven]

Anyone in gold ?

[ivory urchin]

Hey guys, new to the room. Loving the SMC indicator!

Anyone trading GBPJPY

?

[terse haven]

Took a while but In the green , trimmed some profits here

[terse haven]

I took entry earlier on GBPUSD but took profits, it’s not in an area I’d like to take a trade now, gonna wait for setups

[ivory urchin]

Grabbed it for a quick scalp

Looking for that quick 10/20 cross.

[next copper]

I didn’t get a signal on xauusd

[terse haven]

Same settings as mine ? What broker chart are u using?

[obsidian cypress]

I think the signal was at 1:30 pm EST that he’s talking about.

[ivory urchin]

Was in earlier today

[terse haven]

Maybe u don’t have the exact settings I have , @next copper

Double check , also try a different broker chart to see if u see the signal on other charts if u do have the same settings as me

[next copper]

I’ll double check tomorrow. I’m sure i have same settings as yours

[obsidian cypress]

EU looking spicy for an entry with your strat, if I understand correctly @terse haven

And just like that, it shot back up haha

[ivory urchin]

Closing position on GBPJPY

Lets go!

[terse haven]

Lol I seen it , but didn’t get a sell signal and had a order block so no entry , got rejected and went back up

@obsidian cypress ur referring to this moment right ?

No sell signal, no entry #1 rule

Also no candle closing below order block , I usually view the order block as short term support and resistance

[obsidian cypress]

Yeah, I am referring to that. Was waiting for the sell signal to print before entering, but it never did.,

[echo kiln]

Dang, everyone just printing 💰 here ‼️

[ivory urchin]

For the love of the English....

Why did I take profit...

[terse haven]

Part of the game

[ivory urchin]

God damnit David Beckham....

[obsidian cypress]

@ivory urchin It's more money than you had before taking the trade 🙂

[ivory urchin]

well played sir, well played....

[terse haven]

We not gonna stop , ever 📈💪🏽

[worn laurel]

Hi guys I'm new to the chat

[terse haven]

Welcome to the fam

[terse haven]

You target 1:1 or what’s ur exit strategy?

[worn laurel]

Thank you

[obsidian cypress]

@terse haven So if a sell signal prints here on EU, you wouldn't take it because of the order block right below?

[coarse fulcrum]

@obsidian cypress has earned the Lux Level 1 role!

<@!197974670840954881> just levelled up

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

[terse haven]

I would take it as long as I have a order block above

[obsidian cypress]

Lmao

Another rejection

Right at the 61.8 fib

[ivory urchin]

Nothing big, just took a 1 lot to VWAP price target

And I just missed that bounce

Damn

WTF was that about

jesus

[terse haven]

I’d Set SL slight above order block and target 1:1RR , the order block below can be broken , but would trim some profits there just incase

But no sell no trade , it’s actually giving opportunities to scalp longs on those rejections @obsidian cypress

But I wouldn’t long here anyway

[obsidian cypress]

Not planning on taking a long. Just waiting like a hawk for this sell label and order block to show up

[ivory urchin]

@obsidian cypress what are you using for indicators?

Curious

[obsidian cypress]

Exactly what @terse haven is using. Settings were posted earlier today in this chat

[terse haven]

Wow , pump it lol

[obsidian cypress]

EU trying to go to outer space lmao

[terse haven]

I’m just gonna go to sleep I don’t think we’ll get a sell anytime soon enough, I made some good profit earlier, just closed out gold here too , and the market is always gonna be there, I’ll turn on the printer 🖨 📈tomorrow

Good night fam

Btw I changed the PAC internal to 5 , the previous settings were for the previous version 1.0

[coarse fulcrum]

@terse haven has earned the Lux Level 2 role!

<@!835369963560501292> just levelled up

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

[soft void]

Watching silver atm, maybe short entry

[dapper jolt]

Taken small short aussie

Had strong sell signal yesterday and bounced right back up now…will sl above 0.6755 and look for move to yesterdays lows and possibly lower

[pliant thistle]

How best setting Lux Premium for forex?

[ivory urchin]

Jesus Christ how did I not wake up at 3am for that euro open

Fak!

[next copper]

any trades you guys keeping an eye on @terse haven

[snow beacon]

is there a grid bot for forex?

[azure lake]

We don't provide this, and would advise not to use them at all, as they generally tend to have very risky underlying money management methods

[terse haven]

I’m short GBPUSD

Just entered

[echo kiln]

be-careful, USA home sale report soon, this one usually swallows your chart patterns and spits it out

[terse haven]

Thanks for the heads up , I closed out in profit trailed it ,, what source you use for news ? An app or website?

[echo kiln]

unless your in the money already and SL at profit taking, then game on!

ok cool!

i have all my past and future news alerts on my TV chart

in chart settings

[terse haven]

U can set alerts for news on tv ?

[echo kiln]

hmmm, not sure, but i see them coming

in setting, called Economic Events

[dapper jolt]

I use forexlive.com

Good for news updates

[terse haven]

Ohh okay yea I know what u mean , I tought u got alerts on it tho

[echo kiln]

maybe u can set alerts, i would assume so, but i dont need alert as it sitting in front of me

cant miss it

[echo kiln]

too bad TV doesnt have ability for bracket OCO trades, I have an itch to place one a minute before news hits 🤣

[terse haven]

Took re entry - SL in profit so risk free

Took profits again, the market been so choppy today , calling it a day , staying out

This last gold signal was the one to take but missed it

[soft void]

I might short the bounce on silver

[soft void]

damn might have made a mistake here, i completely ignored awesome oscillator

well if dxy continue pump i'll be ok :/

[echo kiln]

shitty day for me

dam friday range chop, 5 trades, net 1 pip, 1 dam pip.

was down 10 pips, smart trail pulled me out and survived the day, what a waste 🤣

[dapper jolt]

Not holding anything. Take profit on aud short here

[echo kiln]

might as well, green better than red

[pale arrow]

Hey anyone know why meta trader closed my position when it never hit my stop loss

Of course it went in my direction

Have no idea why it closed me out for a loss

When it never hit my stop loss

Ridiculous

[echo kiln]

margin call?

what was your cash balance and what did you trade with leverage, I bet you hit the max draw down margin and they closed you out as your cash balance was not enough to cover your SL

[waxen ruin]

if that's the case, its worth mentioning that you can't change it

[echo kiln]

Yup, back in my stupid days, I would trade and use up all my available margin on my account and once the trade went against me a little, BAM, I got bent over. So now I learned

[waxen ruin]

I'm still full porting

[echo kiln]

🚀

[waxen ruin]

but I know the feeling, got stopped that way not so long ago

[echo kiln]

I happy with my net 1 pip for the day, overall, net positive on the week, and on the month 🚀

[echo kiln]

Its for our own good right, those margin calls are suppose to protect us from further killing our accounts? Thats what they say I guess....🤣

[waxen ruin]

yeah... if anyone wants to blow their account they'll do it... in a couple trades instead of one

[echo kiln]

That is true

This was the garbage I was trying to trade today 🤷🏻‍♂️

[terse haven]

What indicator show the sessions ? That looks clean

[echo kiln]

Free TV, called Gunzo Market Trading Sessions

[terse haven]

Thank you

[echo kiln]

i tried the ones on the actual price chart, but most of them clouded all my indicators and it was a mess, Im still trying to find a good one to put on main chart though, to save me from using a bottom panel so i can have my main chart a little bigger

I want to find a market session indicator that actually plots when the session ends as well, so I know how much time is left.....anyone have and good leads on this?

[soft void]

to trade or not to trade the 1780 support break

[dapper jolt]

Dont

Let market close…watch monday

Trade tuesday

[soft void]

yeah good call

was feeling a bit greedy lmao

[dapper jolt]

I say this but have taken a small long on eur usd

Just not convinced this squeeze against the dollar is over

Will either have a push over 1.0450 on monday or a push below 1.0280

[soft void]

dxy losing strength at top of range too

well volume is decreasing, let's see if power hour will do anything

[dapper jolt]

Yes…the take is if we drift 20-30 pips higher today towards close

Might works towards top of the range…at the 26.4 of the range of the week

So small long with sl below yesterdays low at 1.0290

[soft void]

sounds good

[dapper jolt]

Be good if we gap higher and just blow through 1.0480 🤣

If u look at 200 sma for dxy not eur/usd

[wooden shoal]

hi there i am new here can anyone suggest me any good strategy for day trading?

[dapper jolt]

Would look at a level around 1.0510-50

New here so still working it out

[soft void]

looking good

gold isnt tho lmao

[severe olive]

Hi, never tried trading forex, only crypto...but now it's fucking difficult because this market is insane...can someone recommend me good broker to start with ?

[soft void]

i just switched from crypto to metals 2 days ago lmao

PA on crypto is so bad now, as if it wasn't already bad enough

[soft void]

try exness, UI is best i've seen so far

no boomer MT5 UI

lmao

at least on PC

[severe olive]

Thanks...will take a look 🤨

[severe olive]

How is it going so far ?

[soft void]

straightforward trades

lemme show you a few setups

[soft void]

2 shorts after sell signal, waited for smart trail rejection with confluence, done

decent RR too

if you apply this on crypto you'll just get chopped

[severe olive]

Nice one, yes...i was trying a few strategies last days on crypto but this market is very hard to trade

[soft void]

yeah i spent the last 2 weeks trying so many different strategies with lux algo, not one was working consistently. Came to the realization that the market is too choppy, had to switch before i burn my capital to zero lol

but i will get back to crypto once sentiment is bullish

which may take a few months, maybe years

[round hatch]

im new here, there seem to be many strategies to test. any initial backtested data by luxalgo for me to choose which strategy to start with?

[terse haven]

They have a few videos on YouTube check in #🧠core-lessons and #🔊announcements there some videos there as well

[long badge]

I cant find the Lux SR and Pattern Premium, has it changed its name?

[past acorn]

It’s now Price Action Concepts

old features still available in #👴legacy-indicators

[rocky urchin]

The{ PSRA Volume } may go with it.

work together

[echo kiln]

With the Lux Premium and PAC, love how the adv osc shows me where I can re-enter/exit a trade....not bad at all.....

[tawny sandal]

How do you use the adv exactly man? 'cause it has multiple elements in it

[soft void]

the website has a guide section

for everything

[tawny sandal]

So, what? I've read it 2 times... I'm asking him how he uses the adv in his strategy, not how the adv works...

[echo kiln]

The faint red/green waves in the background; I treat these as smaller waves inside the bigger trend wave (blue/ purple histogram bars)

so if the histo bars are purple which is down trend, and you have a faint green wave hitting overbought level and turning down, or printing a sell signal, then maybe that is the time to enter a short, to jump on the short trend

in that same scenario, if you are already in a short trade, if you see a faint red wave hitting the oversold level, this might be an area to close out for a scalp

[tawny sandal]

Oh, i see... I'm watching your chart... Intresting... Did you change the lenght period of the adv or do you use the default 17?

[echo kiln]

default, make sure you turn on sell signal in settings, for some reason the default has them turned off

[snow beacon]

can we trade forex on weekends or market also closed

[waxen ruin]

closed

[terse haven]

Anyone got any setups or views for next week ?

I’m looking at 2 possible setups for gold the coming week approaching FOMC

1763-1768 possible resistance- will be looking for rejection there and consider to enter short

the other possibility is that price can start coming back up as to form a double top then get crazy on fomc to either side

$1747-1750 support-
Breaking below $1744-1740 down at market open will invalidate my TA

But we’re sure getting ready for a volatile week

[jolly trellis]

Hi

Which indicator should we remove to add the new updated one? I cannot see the S&r one...I only have the 0tt, sma and SMC

[echo kiln]

Ill find what my set ups when I wake up Monday morning 🤣

we are shooting at the hips

[echo kiln]

New one is called Price Action Concepts

and Legacy Overlays

refresh TV, delete old, then add the new ones

[jolly trellis]

Okay cool. Thank you.

[fading slate]

"Echo forecast" Indicator ---- What is the ideal trading time frame for this indicator (1, 5, 15, or higher time frames) and evaluation window setting (default 50, 200, or 500)?

[jagged slate]

200 is nice 😎

[woven kiln]

Hey Javielito do you speak Spanish? Your name seems latin.

Interesting setup you got going.

[terse haven]

Yea I’m Puerto Rican 🇵🇷 my name is Javier

[terse haven]

Yea next week is gonna be very volatile to say the least, I’m more bullish than bearish let’s see

[woven kiln]

Do you live in Puerto Rico or US mainland?

[terse haven]

I live in the States , Florida

[woven kiln]

I almost moved to PR, but the latest floods changed my wife's opinion.

I live in Vegas, but originally from Peru.

[terse haven]

Puerto Rico is nice , but it’s been getting dangerous out there I don’t recommend it , unless u move to a rich urban area

[woven kiln]

I went there a couple years and fell in love with the latin feel of it. Reminded me of home. There are a ton of places to move, so wasn't so worried about it.

Considering Spain now, best market to trade 🙂

[terse haven]

Puerto Rico tax is getting bad for traders out there , even here in the states , at least Florida is only 6%

[woven kiln]

I live in Vegas, so only Fed tax. If I would go to PR, my idea was to setup a corporation.

Corporations have a nice tax break in PR.

Keep the posts coming, learning a lot from your way of trading.

[chilly lark]

456852

[soft void]

or move to a country with no tax

[terse haven]

Definitely will keep sharing some setups and stuff 📈

[woven kiln]

No big deal just pay the piper. Best to minimize as much as you can.

[soft void]

gold gonna retest demand zone at london sesh?

[jagged slate]

Smaaarrtttt trail

[terse haven]

I’m looking at something like this

Market opened pretty strong tho still early to know a clear direction

[muted bough]

Anyone got good indicators and setup I can use for trading view pls

[echo kiln]

I hear LuxAlgo is pretty good, thats what I use.

[terse haven]

Me too haha

That’s why we here

@echo kiln the orange bars on the oscillators are institutional activity right?

[echo kiln]

Yes, but I have not really found a way to use those bars, honestly....

I lean heavily on the faint green/red cycle waves

[terse haven]

Thanks , I’m trynna see a pattern with those bars , I do have noticed the price holds a level with them then makes a move

[echo kiln]

maybe those institutional bars be helpful when price approaches a PAC level? hmmmmm

[terse haven]

I think something like that , I’m gonna keep watching and testing settings to see if I find a good use for it . Red/green cycle is really good

[echo kiln]

Ill be watching that as well...lets see what we come up with

[muted bough]

@echo kilni have that but I’m talking about what’s a good indicator in it and setup to make profit what’s some u use that could work

It would help

[echo kiln]

come ON eurusd !!!!!!!!!!!!! flush it!

[echo kiln]

dam, sh*t, stopped out at +2 pips, and there it goes, hits my 10 pip hard target. oh well

oh well, got scared and moved my SL to +2pips, and let it ride, unfortunately, it got hit, and back down to my original 10 pip target near discount level 😡

[crystal pivot]

Yeah I got signal for sell on AudUsd but didnt take..too early lol

[echo kiln]

yeah, normally I would let the trade ride without moving my SL, but better safe than sorry during after hours....

[full condor]

Yupp still too early for me to trade, will wait until London session

[muted bough]

@full condor can u I sent in dms

[full condor]

done

[crystal pivot]

Damn AudUsd support better hold or ill be pissed i didnt jump in

[echo kiln]

would of, should of, could of...dam eurusd tanking

[crystal pivot]

[tawny sandal]

rejecting the discount zone now

[crystal pivot]

Wow its almost hitting what my target would have been.....

If it hits it, from now on im trading sundays too if all my rules are met...

🤦‍♂️

[tawny sandal]

Not beneficial for you to look at missed trade in my opinion man... It only makes you looking at things with emotional attachment, if that makes sense... Same thing with the profits... If you hit your target, good, bank your win and close the chart... If you start to think about profits left on the table, next time you will be more greedy, and maybe end up in red... Just saying 👌

[full condor]

Good job on that Liquidity Grab alert @jagged slate

[crystal pivot]

Yeah true..Next sunday though I will enter a trade

[soft void]

what a flush

dxy pumped

i guess it did break demand zone

looking for short on silver now

prolly gonna do retracement until NY session? this entry prolly won't happen

maybe higher

[crystal pivot]

Yea hopefully can get a trade in these few hours

[soft void]

Actually I'm also considering to scalp long if bounce at pullback

Could work too

Imo

Nah nvm bad idea

[crystal pivot]

lol

yup my aud usd trade would have worked out perfect 1 to 3 rr

ok now i know sunday you can still trade lol and before london apparently

[soft void]

yeah asia session

usually it's consolidation but it dumped today

[crystal pivot]

Yeah for real

[crystal pivot]

I wonder if I can still catch a trade in next 2 hours

is USD JPY ever going to reverse lol

Or AUD USD 🤔

[soft void]

u wont be here on NY session?

[full condor]

Bias currently for USD to go bullish, TA wise. There could be some pullback or retracement but that could be just minor correction

[soft void]

Yeah waiting for dxy retracement to get a short entry, I'm still uncertain of trend atm, don't wanna get chopped :/

[dapper jolt]

Gone long on eur usd weekly

Will wait for some long signals after

🤣

I think fed raise 50

Dollar get bashed a bit more too go

Weekly pivot that is

Should have range 2-300 pips this week

Downabout 100 so far

Market is v choppy

Sentiment change if go up 40-50 pips from here above 200 hr sma

Technically does look eur usd bearish though

[soft void]

contemplating a short here, if it rejects smart trail

[dapper jolt]

Pivot that 1.0270-80….bearish below…bullish above

Close below that today will prob just exit if sl not hit and wait a day or two to see other setups

[soft void]

well it's priced in :/ will see next cpi what happens

[hollow shore]

hey guys,

i'm new here 🙂

anyone who uses Premuim Price Action Indikator for Smart Money Concepts (1H/4H) who can help me find perfect settings? 🙂 (I am from germany - maybe someone who speaks german? 😛 )

[charred mirage]

hello, what broker do you use to have the most forex pairs ? thanks

[soft void]

i use exness

[proper jackal]

I using XTB

it the simple, trading with DCA method 🙂

[dapper jolt]

Use interactive brokers…used lmax before. Uk has 30 leverage and new zealand has 100

[terse haven]

Finally got some support I think, gonna countertrade trend

Lesgo🚀

[dapper jolt]

Looking good

[terse haven]

Tp 1 locked in half ✅

Out of all , that move was fast and likely to come back , still in a downtrend

Or who knows could keep going up , what’s important is not to get greedy ✅

[echo kiln]

nice job indeed! i just woke up

[terse haven]

Thanks , good morning

[soft void]

I'm considering a long at pullback on gold

unless it just dumps hard

i have no bias atm

[echo kiln]

looks like we may have some chop next 2 days before news on the usd pairs since its hitting discount level after HUGE downside move. I hope im wrong, I need some trades 🤣

[full condor]

trade GBP 🙂

[terse haven]

I took a small re entry same SL on the 15 min order block

[soft void]

damn i missed the entry

more waiting game i guess

[terse haven]

I think it has room to test market open price

[soft void]

yeah should have some retracement still

well US opens in 12 mins

[soft void]

looks like an okay entry at this 5 min close

if bounce

nah this PA is scaring me lmao

[dapper jolt]

Bailed on my eur usd long for 23 pips…

[soft void]

this stop hunt almost made me shit my pants

[obsidian cypress]

New LuxAlgo settings already? 👀

[terse haven]

Still playing with settings for different timeframes to see where can I get the most out of it buy using multiple TF and confirmations

, look at this 4hr TF , clear as water what to do @obsidian cypress

Ultamate Macd is really good setting it right with the right TF

[full condor]

just wondering, why not make it cleaner...so not to muddy your bias

[terse haven]

I’m not sure I understood lol

Like remove some indicators?

[dapper jolt]

Looks like another leg higher…might look to reload a small long around 1.0150-70 for a weekly move

[dapper jolt]

What settings do u use? Can u post eur usd in the same format. Newbie here not got the ropes yet

[full condor]

Yes.....see a bigger picture by making it simple

[full condor]

I posted my settings in some channel here......just make a search 🙂 likewise I posted a PDF of PAC quick info sheet, maybe it can help you.

As I posted yesterday, my bias for start of the week was bid on USD. Here is your requested chart

[dapper jolt]

Thanks

Will search and see the settings

Too busy watching wc 🤣

[plucky pulsar]

thoughts on GOLD anyone?

This up move got me feeling a little wobbly!

[terse haven]

Hope it goes your way , if ur deep in profits, trimming half is alway good and set SL into profits

We are currently in a downtrend but we moved down quite a bit so some upward move is bound to come

But yea I think we can come down more at this point

[soft void]

I've been trying to scalp gold all day but i couldn't spot a good entry lmao

sigh

zero trade and it's almost closing

[terse haven]

Nothing wrong with that , that’s patience right there 💯 part of being successful

[plucky pulsar]

Exactly!

[soft void]

thanks haha i feel a bit better

[terse haven]

We are probably gonna either chop till Wednesday, or make a move up anticipating news , 173ish should hold for a little while , other than that I don’t see more support till 1700-1728

[plucky pulsar]

I agree, im eyeing the 1730 zone to exit

[plucky pulsar]

scalping is difficult for me too much volatility my heart cant take it 😮‍💨😅

[soft void]

haha well when it's trending hard it's quite easy to enter at pullbacks/bounces

[plucky pulsar]

Ive just entered EURAUD to upside. Will be interesting to see what happens after tomorrows news!

[crystal pivot]

Wow..wish i had the FVG enabled and wish I was watching when this pullback happened....couldve made a trade after all last night on this pullback even though i missed the initial breakout. Going to start using this from now on seems powerful.

[plucky pulsar]

Btw do people mind if we post our trades on here? Just curious

[terse haven]

I personally love scalping, but higher TF are best for a long haul if u wanna see big profits on a single trade , September was the best for me

23rd I did 12 scalps
The other 2 were daytrade

[terse haven]

Ur good bro post them

We should all give our ideas and help each other

[plucky pulsar]

Amazing!

[terse haven]

FVG is really good , I usually take entry when I spot one on the 45min - 1hr tf

[plucky pulsar]

i find for me personally when i do scalp, CHOCH+ on larger structure then enter on CHOCH+ smaller structure, seems to work quite well on GOLD (my fav asset to trade lol)

E.g bullish with bullish and vice versa

paired with price action ofc 😉

[crystal pivot]

Yeah I set my FVG to 1 HR seems to be good for 15 min tf....Im excited to start utilizing it for pullbacks when i miss the breakouts

so price needs to bounce in and out of the fvg basically with proper price action?

[terse haven]

PAC is the best no lie about that

[terse haven]

U understand what FVG is in definition? Not all the time it happens but price will fill in that gap most of the time for a move continuation, normally I take early entry, as soon as FVG prints I take entry accordingly to trend and price action ect, and I’ll accumulate buys or sells on the FVG depending the direction, and I place my SL about 50-100 points away from the FVG

I take early entry because there’s time the price won’t fill the FVG and keep moving, but it’s recommended to wait for the pullback

If u get FVG on a orderblock even better

[plucky pulsar]

Fvg on a strong order-block is the bestt

[terse haven]

Followed by a strong move

[plucky pulsar]

Candlewick entries!!!!

I love it lol

[crystal pivot]

Yeah....all 3 of my pairs hit the FVG last night and took off after couldve easily hit 1 to 3 rr

interesting stuff

[plucky pulsar]

Orderblock trading can be a little tricky sometimes, i always aim for 1:5 minimum since i know i get alot of them wrong

[crystal pivot]

Seems like Aus Usd is doing it now

so If theres strong bearish price action and a break below, theres a high chance itll continue down

[terse haven]

Most likely, but needa be careful on the discount zone, can hold there and create a double bottom or something, u usually like to counter trade , I’ll wait till the flush is over I don’t like chasing in the middle

[crystal pivot]

Right yeah im not trading now as day is almost over but just taking notice of how it plays out

[terse haven]

The best FVG entry are followed by a order block and choch+ ,
These are long term swings

[crystal pivot]

interesting ok

like this GBP JPY early this morning

that looks perfect lol FVG inside OB

[terse haven]

Exactly where u want to enter a trade , gives you proper room to place your SL levels as well , normally breaking down the order block is best to take the L

[crystal pivot]

Yeah ok

[terse haven]

Gold just stuck here I’m out for today

[plucky pulsar]

super!

btw what is lux level 1/2?

[azure lake]

its a level determined by how active you are on the server 🙂 The last level is Lux ultimate, such a flex!

[terse haven]

How many levels before I get there ?

[plucky pulsar]

and what does the batch look like? 🤩

badge*

[terse haven]

It’s the black badge with a check mark

There some that have it

[azure lake]

+/- 2

[terse haven]

Got it like 🧈

[terse haven]

I might be wrong but maybe

[terse haven]

Running a bit

[terse haven]

Took a scalp to order block

[silent badge]

u definitely need to share ur entry ideas aswell 😄

[silent badge]

I taken same trades today

[terse haven]

I shared the screenshot when I entered, I just didn’t mention I took the trade , i would feel bad if someone takes a trade because I said so and loose ( trade at ur own risk) so I don’t really like specifying that I’m taking the trade but I do share a screenshot with a possibility, and when u see the R:R table on the chart on my screenshot I most likely took the trade

I don’t mind sharing my entries, but I don’t win them all so anyone who takes my trades I’m not responsible for any loss

[silent badge]

that was a really good entry, which screenshot did you share before u entered ? @terse haven

i dont win them all either ^^

but we have similar style

[terse haven]

@silent badge this one and another one more above

[silent badge]

i was suprised to see someone try to scalp it aswell really well ^^

[terse haven]

Im fairly new to Lux so haven’t shared a lot here , just recently started to be more active here

I pretty much be scalping alot , I only and rarely swing or day trade if I get in on a good entry

[muted bough]

@terse haven can u teach me

[terse haven]

Yea usually I don’t trade this hour , mainly on NY sessions , but this scalp was kinda obvious

[silent badge]

yeah same

i only do the US session

with me i only try to hold for the time period

i am confident its gonna go my way

usually i under cut myself haha

and take less profit than what I should ^^

[terse haven]

I can share my trades here and u can learn from them , ask me like why I took the trade, what did I see , ect , whenever I’m active on here

The main thing you need to focus is on risk management, that’s key to your success, have a working plan and execute it , no hesitation, if u hesitate you get nowhere , learn from mistakes and losses and adjust to market conditions, those things take time but if u take it serious you will be successful @muted bough

[silent badge]

but you know the crazy part it only happens when financially u full time trading ^^ u take ur bare minium and wait for next trade ^^

I remember when I had even more incomes I was smashing 2-3 k daily with no issues

obviously lose sometimes a little bit

but its part of the game

Psychology is even better when u have multiple sources of income for sure

[terse haven]

I do at times but I learned the hard way , I rather take profit then see it drain back , specially if u are scalping, greed will kill u in the long run , scaling accordingly even if it’s smaller profits is good planning, it all really depends on the trade , I usually have high TP targets but end up closing sooner myself

I have small days , big days , some days I’ll be down , part of the game - but consistency is all that matters

[echo kiln]

Nice work indeed, good job....

[terse haven]

Thanks 🙏🏽 📈

[silent badge]

of course thats what I mean

[echo kiln]

im gonna have to start learning from you

[silent badge]

If u become greedy scalping its game over specially when indicators starts showing otherwise and the patterns might change, thats when I close with good profits and call it

[echo kiln]

you make your trades based on 1hr? or you have a smaller TF for entry, based on the 1hr?

[silent badge]

@terse haven I will share some set ups aswell Before I enter next time If eerything alligns properly ^^

@terse haven normally I try to get multilple Time phrames and indicators to allign my way and play it around my zones, its the safest way

[muted bough]

@terse haven @terse haven imma need the broker ur using

Mines don’t let me trade gold

Odana

Pretty bad ngl

[terse haven]

1hr and 4hr for the best patterns and trendlines , I set my SL and TP based on the hourly but I take the trade on 5m and 15m

I always looking for some kind of pattern, rejections on support/resistance, double bottoms , engulfing,ect , trendline break on the 1hr in this case

[echo kiln]

cool!

[silent badge]

Safest way @muted bough is to do some Funded trader challanges Demo using lux algo aswell and combine it with ur strategy and If u pass it you can also try to do a funded challange afterwards

[muted bough]

I’m asking broker

[silent badge]

Exactly 1h 4h for patterns and 5 and 15 min for entries is the best way ^^ well said

[terse haven]

I trade a lot against the trend , I have caught some pretty nice tops and bottoms

[silent badge]

any Broker with leverage gives u good split and allows u to trade anything. with funded challanges they allow u to trade eveyrthing aswell. Brokers like RoboFX Iron FX allow u aswell

[silent badge]

U can get a really good quick reactions to the opposite side while going against the trend ^^

[terse haven]

I’m trading funded accounts/ but personal broker lqdfx

[muted bough]

Ok let be more specific what broker let’s u trade us30 nas100 and xauusd and gold and silver and

[silent badge]

That was example couple months ago for a quick scalp

On a funded account that was wasn’t too bad either

[muted bough]

The broker I have doesn’t let me trade those

I use odanda

So it’s ass

I wanna trade those I mentioned

[silent badge]

Lqdfx is amazing @terse haven

[muted bough]

But I can’t with the broker I have

[silent badge]

It allows u to trade anything u like

@terse haven he knows his stuff very well 🔥🔥🔥

[terse haven]

Be careful with the leverage tho haha

[silent badge]

Haha it was only once I was more confident in that trade that my gender

And never since 😂❤️

[muted bough]

Funded account what’s that exactly account with fake money?

[silent badge]

I enter with 1-5 lots usually max nowadays

It’s real money

Once u pass the challenge

It was my real account haha

After it was passed

[terse haven]

Real after passing the evaluation process

[muted bough]

And where is the website to do that?

So I can make one

I wanna trade those that’s why

[terse haven]

Need to be careful, they have rules make sure u read and understand it , you need to buy a challenge and hit a profit target in set amount of time / without violating any rules such as max daily drawdown or you’ll loose the account and need to start over with a new challenge which u have to pay for again @muted bough

I recommend myforexfunds

[muted bough]

Will that let me trade anything

[coarse fulcrum]

@muted bough has earned the Lux Level 1 role!

<@!273999722107109376> just levelled up

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

[muted bough]

Myforexfunds

[silent badge]

yes u can trade anything

[terse haven]

CFD , crypto, forex , metals

[silent badge]

but u got to buy a challange and if u fail u got to pay again

[muted bough]

Wats. Enter that or iqfdx

Better

Is that one free

[silent badge]

lqdfx is a broker MFF is a challange webiste

[muted bough]

Does that broker iqfdx let me trade anything

[terse haven]

@echo kiln just trading trend line breaks and Macd crosses is enough on a trending market

[terse haven]

Yea they do

[muted bough]

Is this the right one

[echo kiln]

but when chop range days, we get it hard 🤣

[silent badge]

yes

[muted bough]

Can I do mt4 and mt5 to

On there or no

[terse haven]

Definitely lol, but these last opportunities were nice, sadly I didn’t take any of those shorts tho

[terse haven]

Only mt4

[azure lake]

I would strongly recommend checking if the broker is regulated, and obtaining more information about it, you can trade with some brokers directly on tradingview as well

[silent badge]

me neither

[terse haven]

True , lqdfx not on trading view

[silent badge]

@terse haven I was just buying on solid pull ups haha

[terse haven]

waiting for that strong move up trynna see if it bottomed lol

[silent badge]

I had a position at 1732.90 and i closed it about 1737 haha

[coarse fulcrum]

@silent badge has earned the Lux Level 1 role!

<@!719966165543288842> just levelled up

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

[terse haven]

1621 here 🙃

[silent badge]

and then realised we might hit a bottom of the bottom haha

[silent badge]

Have u traded the CPI blow up ?

[terse haven]

I usually stay out of news , and trade after price settles

[silent badge]

@terse haven best way

[terse haven]

Got burnt once not happening twice

[silent badge]

the amount of cash I blown before speculating news haha

[silent badge]

I think the biggest win on prediction was something stupid like 40-50 k on funded account and the biggest loss about 40-50k aswell

[terse haven]

The market is always gonna be there , so there’s no need to be on in everything just do what works for u that’s all that matters

[muted bough]

I have both mt5 and mt4 and odanda trades everything but lacks to trade everything like good and such

That’s why I don’t wanna use it anymore

No good

[silent badge]

yeah bro of course. I stick mainly to only Gold and Us30, I learnt if u keep things simple and stick to certain pairs u make best profits

[muted bough]

So when trading pairs only trade 2-3 pairs stick with that?

[silent badge]

If u trade everything and look for random things its also good If u know how to analyse charts properly and gauge ur entries. But I had best results sticking to pairs I am best with

[muted bough]

Well in ur opinion what Pairs is the best then

Like ur top 3

@silent badge @terse haven

[silent badge]

@muted bough its preference, Me personally its nr 1. Us30 2.Gold 3.Nasdaq. I dont like currencies myself

[muted bough]

Well which currency makes the most profit then

Most of the time

I’ll rephrase to that then

[silent badge]

I have no idea as I dont trade currencies

[muted bough]

How do u trade

What is that then u trade

[silent badge]

US 30 Gold and NASdaq but it took me years to figure out which one I like the most and have best results on 🙂

[muted bough]

But that’s not currency pairs right

Cuz u said u don’t trade currency

What are those called them

[silent badge]

no I mainly Trade Indices ( US30) and Metals ( Gold )

[muted bough]

Indices

That’s what there called then

Ok so things like gold silver us 30 nas100 xxarud and such is indices?

[silent badge]

keep it simple for now 🙂 you have really good people with great ideas like @terse haven and others to help you aswell

[silent badge]

Gold is a metal, Indices are like ( Us 30, Ger 30 )

[terse haven]

Sticking to a few pairs u understand is better than jumping around trying to get lucky , study a pair , study it’s levels and get familiar with it ,

I only trade gold , eurusd, gbpusd , us30

[muted bough]

Then what’s xauusd

Is that a currency

[silent badge]

XauUsd is Gold

[muted bough]

Ok I get that part now ok so for entering any trade either buy or sell

Use 5 min time frame?

Wait I’m confused what’s the point of using the 4 hour and 1 hour then and entering with 5 min

Is that just to see where the trend is at

And when u do enter how do u know exactly when to enter the trade in 5 min

[terse haven]

Timeframe is selective , it all depends on ur style, everyone and I recommend doing analysis on higher timeframes, and use smaller timeframes for entries

[muted bough]

But when ur doing entries how do u know when to enter

Like what tells u now is the best time to enter

What do u wait for

[terse haven]

Support and resistance, market structure, trendline breaks ,ect, with Lux indicators is pretty easy to spot good trades

[silent badge]

I think market are kind of not moving as much as we got FOMC meeting on Wednesday @terse haven

@terse haven I was watching the Us30 set up based on some analysis I was guessing we could have a small push up and spike down

[terse haven]

I want a lower entry , I think gold still has a little bit more downside in this chop

[silent badge]

Yeah I agree I was having some buy zones about 1726-1729 zone aswell

[terse haven]

That’s where I’m looking at too

Previous Monthly high

[silent badge]

With us30 I did few scalps as the markets are kinda jammed but I expect pull up and full pullback to the downside

[muted bough]

@terse haven any vids or anything to learn that

[muted bough]

This

[terse haven]

Lux have few videos in #🧠core-lessons #📈must-watch #🔊announcements I recommend going trough and watching, it will help you understand how to set it up and how to properly use the tools and what they do

[silent badge]

@terse haven gold is a safe bet about 1726-1729 for some buys for a good movement up with US30 I am just analysing carefully as it loves to move drastically cutting people SL

@terse haven If I had to guess until Wednesday FOMC it will glue to the upside and then pull down big time

just got to wait for some 100% set ups I never Trade Asia session as it moves fuck all lol

[muted bough]

@terse haven how much is In ur account to be trading 3$ starting

[silent badge]

3$ ?

[muted bough]

Yea

[silent badge]

I dont think u can even trade with that

[muted bough]

Lol nvm he was charged

[terse haven]

Yea I didn’t get it either, with $3 is kinda impossible

[muted bough]

Didn’t see that part

How much did u put in for that much profit tho

[terse haven]

Oh $3 on commission

[muted bough]

Yea I didn’t read it right

How much did u trade for tho

[silent badge]

Start trading with minimum 60-100$ and dont trade with more than 0.01 lot for first few weeks and months

[terse haven]

I really don’t have the exact number but 1 full lot of gold at 1:100 is more than 1k

[muted bough]

So how much margin do u have to spend that much then

[terse haven]

I don’t have the exact number , it depends on your leverage, and your lot size , you can trade as small as 0.01

This screenshot from earlier is 3 lots and using 5222.12 margin at 1:300 on lqdfx but it can vary from leverage amount,ect

[muted bough]

Dam they really made over 300k just from ppl buying lifetime

I feel like they make more with ppl buying there subscription then trading them selves

[terse haven]

They deserve it anyway, there tools are top of the line , regardless if they make more on subscription then trading there’s a reason to why they have many subscribers , if i don’t have the need to trade by selling a service than why not , it probably took them many year of trading themselves to make a system that everyone wants to buy and willing to pay , that’s genius right there

[muted bough]

@terse haven and when u trade what sessions do u trade in

[terse haven]

Mostly NY , but if I’m up and see a trade anytime I’ll take it

[muted bough]

Oh yea another thing u know this yt person named mamba fx do u think he is legit

[leaden flower]

No.

[muted bough]

Why is that

[terse haven]

Never heard of him , but I wouldn’t refer or recommend any alert service to anyone

[leaden flower]

Just normal technical analysis.

[terse haven]

Better to gain the experience urself

[muted bough]

How do u gain experience without the knowledge of others

U can’t u just don’t jump into trading knowing how to do it

U have to learn correct

How do ppl learn by others or researching

And when they research how was that there by someone who made it

[leaden flower]

I find lamboraul a good one.

[muted bough]

Lamboraul is he a yt!.

Person?

And legit to?

[leaden flower]

Seen his many students getting funded.

[terse haven]

You don’t necessarily need others , while u have all the knowledge u need for free in the internet without having to pay for it , everything everyone sells is free information, if your looking for mentorship is a whole different story

[muted bough]

Hmm

[terse haven]

Learn how to use LUX indicators and find the best strategy that suits u trust me that’s all u need , learn about market structure, candle patterns

[muted bough]

Ok I request ur mentorship then @terse haven

[terse haven]

I don’t do mentoring but u can learn from everyone’s trades here including mines whenever I share 🙂

[muted bough]

Is there a reason u don’t?

[silent badge]

You can get all the information you need for free on Youtube like @terse haven said. And you need to only trade what u are willing to lose. You can learn from people in this discord a lot 🙂 most importantly make sure you learn the basics and fundamentals before you trade aswell

[muted bough]

Yes but he mentioned a good point of mentorship

Or

They can do the same thing and teach all live at same time

Probably would be the fastest way to learn

Would it not

[silent badge]

yes they do that on the channel and youtube

[muted bough]

No not yt like 1v1 mentorship

[silent badge]

yes some youtubers do that but u need to pay

and its not needed honestly

[muted bough]

That’s fine I rather pay to learn what I can make back and more

It may not be needed but it will fasten the progression

But I would pay someone who knows what there doing tho

[terse haven]

There is no shortcut to trading regardless of who or from where u learn
If you become dependent of others to tell u how to trade and what to do you won’t really ever learn much yourself

The best way to learn is to practice, learn strategies, and a lot of testing , a lot of videos out there explaining price action, support resistance, candlestick patterns ect

I never ever paid anyone for mentorship, all you will learn from it is free information I mentioned you’re just saving the time to not look for it , they will probably just give you copies of trading strategies, rules ect and a 1hr 1v1 everynow and then , but regardless of that u still have to put in the work

That’s my personal opinion

[full condor]

and this is pretty damn good opinion

there is no shortcut, definitely not in trading

[muted bough]

Hmm then since there is no one that has done that

After the x amount of years it takes for me to learn and finally profit

I’ll do that

I’ll start a change then and for free

Bc why hog all the money to my self

It wouldn’t affect me

[leaden flower]

@muted bough take his advice .
Almost everyone teaches the same and it's AVL for free too what other takes money for
For learning the basics you can follow Rayner teo on YT he's complete playlist of forex as well as stock for free.

[half wing]

of course but their job is not mainly trading lol, it’s coding

it’s like u’re comparing a weapon seller to the soldiers

the weapon seller = lux coders; soldiers = us lol we get shit on in the market

the weapon seller will know the basics of combating + improvement from the feedbacks of the soldier but that’s it. Weapon sellers cant go to real wars

[eternal summit]

https://tenor.com/view/nicolas-cage-smoking-cigarette-lord-of-war-taking-a-drag-gif-20367466

[half wing]

yeah but also knowing ur sources lmao, if u get ur learning trading from youtube then u might as well donate ur money

u cant learn random shit from just random people that seems legit

and learning also require having ur own experiences

[leaden flower]

Explained 💥💯

[half wing]

good luck lol

mentorship sounds easy and helpful but until u actually do it

it’s another shit show

im literally “helping” other people for free too but sometimes they start doubting me about the strat when they make their own mistake

they forget it’s all free lmfao

and even after all that it took them 4 months to somewhat click in their head

still not even close to successful

it sounds all moral and ethical and shit until reality hits

[full condor]

this is the part I love lolz, you are helping them and yet they start to demand so much that they forgot you are doing it for free and you never asked them to seek help from you. what they actually need to do is to actually learn and read what you shared and not just quickly glanced on it.

happen a lot to me mate lolz

[half wing]

@muted bough at the end of the day, it’s your portfolio that matters not theirs

[half wing]

yeah people need to know how much is ENOUGH when it comes to helping

[half wing]

yeah and from ur tone in ur comments i can feel the annoyance of that same cycle happen over and over again when it comes to “mentoring”/“helping”

[supple sonnet]

@half wing the gift of giving is significant tho

and should be appreciated by those who take but often that is not the case

[half wing]

we do give them, by telling them to actually try it out urself and gain the experience

there’s no handing over the experience, they have to experience it themselves

[silent badge]

what do u guys think

[muted bough]

Tbh I’m not like u guys I’ll help until I can’t help no more once I learned i don’t need anything in return what I get in return is that they understand it

[silent badge]

about the backtesting beta ?

[muted bough]

I don’t need to@charge or nun bc al it takes is one person to change another and so forth from there

[half wing]

vague, not specific

fun to look at

[muted bough]

So if u think there aggravating u for helping them for free then u complete forgot why ur helping them in the first place

[half wing]

why is that our problem ?

doubting us ?

is that our problem ?

we literally told them what their mistake is

they doubt us

is that my reason to help ?

for them to doubt us

lmfao

what

[muted bough]

It’s not about doubt it shouldn’t even be about doubt even if they do doesn’t mean to stop if they choose to doubt and go away that’s one them

[half wing]

like u’re trying to make the scenario in some fairy tale where everything is perfect and ethical

[muted bough]

But if not

[half wing]

it’s not

be realistic bruh

[muted bough]

Then they are interested to learn and continue ur wa

[half wing]

homie they doubt us and they start looking for something else

they have their own choice

what do u do then

[muted bough]

Realistic? Is trading in general not realistic

[half wing]

?

[half wing]

it is but ur made up scenario is not

it’s delusional

[muted bough]

They have rhere own choice and do there own thing ok that’s fine but at least u know u helped them to a certain point for@them to do that

[half wing]

it’s literally happening to me right now

like

lmfao

some guy comes

ask me to help

i help

they make mistake

i tell them their mistake

they say nah my way better

fuck u

what do u do then ?

be realistic homie

lmfao

[muted bough]

Be the bigger person is what u d

Do

Homie

[half wing]

u’re delusional asf right now

[muted bough]

Simple

[half wing]

go try to help

good luck

[muted bough]

I’ll help when I learn

[half wing]

homie it’s not like i never help them in the first place

bruh

LMAO

u forgot that i help them for FREE in the first place

hello ??

i dont charge

i used my 4 months of time

helping them

everyday

what more ethical do u want

?

[half wing]

bigger me ?

what

?

u know once u start helping people, it actually become toxic for ur ownselves too

say i help my gf with homework once awhile, then she ask me again and again and it interfere with my work

my school

my money

financial problem

lol

[half wing]

this

[full condor]

I am happy to share, I am happy to give examples....but I have my way and I have my manners..... sometimes it really annoys me when forcing me to guide based on their way... I wish school will all be like that...teaching me how I wanted to be taught lolz......I don't want to hog this chat room and I wish you the best @half wing ..... May the PIPS be with us all

[terse haven]

Pretty similar pattern, I wonder if it’s getting ready to dump

[eternal summit]

Paid advice is often respected more than free advice, regardless if its the exact same - some human psychology effect I believe.

[full condor]

Just sharing, my trade yesterday with GBPCAD. PAC tools was used.

1.) My overall bias on GBPCAD was bearish yesterday as you can see on H4 chart plus the last bearish grab from end of last week
2.) I waited for awhile since there was a support trendline, wanting to see how price reacts to the trendline (this was on H4 so each candle is 4 hours)
3.) true enough the price respect the support trendline and it did make a bull candle (white) after the 3 bearish candle (grey).
4.) entered a sell trade here when it hit the HH plus Premium zone on m5. Remember I always emphasize that sniper entry should be done on m5 or m15, BUT your trade bias should be on H4 (or D1)
5.) Hit my TP of 50pips
6.) Since there is a strong support trendline there (strong since multiple price already respect the trendline on H4), I decided to make another buy trade with 50tp and sl is set to 15pips just about below the support trendline
7.) true enough another 50 tp hit when I woke up ( I am on GMT8 so NY session was my sleeping session 😄 )

Hope this help guys.

[eternal summit]

wow

[full condor]

and if I may add, when using PAC - try to use LIMIT ORDER and not Market Order nor Stop Order. Let the price comes to you and do not chase price. Limit Order will help you to avoid FOMO

[full condor]

maybe bounce on 1.02350 zone

[muted bough]

@near blade ur gonna loose

If u do that

[soft void]

might short silver

but dxy is dumping

[dapper jolt]

Taken small short eur usd here

[coarse fulcrum]

@dapper jolt has earned the Lux Level 1 role!

<@!936621230528815184> just levelled up

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

[jagged slate]

Ez short

Trend line smart trail confluence

[icy wraith]

I trade US30 too. And live in Asia. It can sometimes breakout from the range as Asia closes or it'll break out during the London NY killzone, or not at all, lol. Easy trade tho', not like XAUUSD.

[soft void]

yeah thought so, but it broke upwards, DXY playing games with market this week :/

it's been a bit choppy since yesterday

well anyways its expected for this week since FOMC minutes is tomorrow and traders are mostly going risk off until then, then we have thanksgiving holiday

pretty meh week, but hopefully i get at least one high probability entry tomorrow to scalp then i'll be okay for the week

well now there's this potential long entry on gold, it's easy but i think it'll be highly dependent on how DXY move, gotta wait for clear bounce on smart trail

also trendline smart trail confluence, hopefully it plays out

[worldly goblet]

@half wing hey mate, does the QQQ strat work in forex as well or just options?

[half wing]

@worldly goblet