💱forex-chat

[real compass]

Ato

[half wing]

someone tries it in forex

heard it works i think

lol

Ayo

[real compass]

Yeah it does

[obsidian cypress]

Trying this trend line break. Just looking for a 1:1.

[obsidian cypress]

RIP. SL hit

[jagged slate]

That's a cruel one

was a nice setup

[soft void]

Coming to test smart trail, if bounce hopefully ascending triangle plays out

[full condor]

look what happen before that, though it was a bullish trend on HTF actually

[soft void]

Just entered long on this, fingers crossed lmao

DXY dumping, good sign

For now :/

Damn c'mon gold show some strength

[worldly goblet]

So a question...there are 63 pips between PDL/equilibrium and next order block/discount but no liquidity sweeps in between...does this mean there is little to no resistance for a move down?

[dapper jolt]

Yes looks that way. Have taken 10 pips on my eur usd trade…would expect all pairs to test mondays opening price

[soft void]

Most likely, unless it creates another OB between

[worldly goblet]

I thought so but yeah will be cautious

[full condor]

EF is bearish for today but entry maybe a bit late, you may want to wait to retrace a bit

EACC report in an hour, could give some volatility

[worldly goblet]

I dont think the entry is too late. we have a bearish candle that closed below the previous day low...maybe a retest of the PDL but barring the news, it could be a cracker

[soft void]

Well my SL got hit on gold lmao

Dxy reverse on ltf

[full condor]

I would wait around 98 areas which is about 22 pips dn already, so for me a bit too late to enter now, if it retrace to 98's then I would take a look to enter

[soft void]

I guess I'll look for short now

[full condor]

This is one of my open trades currently, GU. No clear trend actually but just want to see if PDH will hold as resistance.

[worldly goblet]

A little hiccup at the 15min discount zone. Im trading it on the 30 but wanted to see possible short term resistances

[snow beacon]

my top g, spot on

[full condor]

I hope more will post their current trade setup, from there we can learn more or help more to discuss possible different approach

[worldly goblet]

Yeah 100%

[soft void]

Okay imma try this, smart trail trendline confluence, rejection then I short

[snow lagoon]

Ye agreed, just helps us all escape the matrix

[full condor]

are you shorting it already? seems nice sell trade

[full condor]

bearish grab, TL crossed...

[terse haven]

5min entry

I still believe this can be the possible move

[soft void]

Haven't entered yet, was waiting bounce

Which looks like right now

Soon I guess

[terse haven]

Did price push higher than the order block ?

[soft void]

I also want confluence with stochastic overbought, otherwise I'm not confident lmao but that last smart trail bounce was rly good

[terse haven]

Or stopped out then went in favor? @obsidian cypress

[soft void]

Pls be a rejection lmao

Oh well it flipped

Market's choppy I hate it

[full condor]

do you trade gold mostly? do you play GBP on overlap?

[soft void]

Gold, silver, SPX, and NDX

I don't trade forex, no particular reason tbh lmao

I mean I don't have a reason as to why I don't trade forex

[full condor]

SPX is DowJones or SP500?

[soft void]

SP500

[full condor]

and US30 you don't?

[soft void]

Nope

[full condor]

but gold and us30 is directly correlated?

US30 up = USD down

[soft void]

I look at DXY for correlation

It's about 0.8 ratio correlation

I haven't tried using us30 as correlation

[long surge]

anyone got a tutorial i can watch to use the indicators properly and wisely?

[terse haven]

U might still make it trough this one

[soft void]

I have a bit of OCD lmao if it flips to buy signal then I won't try re entry

[terse haven]

So you closed the trade?

[soft void]

No I didn't even enter

[terse haven]

Ohh gotcha

[soft void]

Coz the smart trail flipped

Yea

[full condor]

I just checked, seems inverse

[soft void]

Ahh alright, imma check it out

Thankss

[soft void]

Interesting

I'll give this a try if close above smart trail

[full condor]

Yah better to use DXY to Gold

[terse haven]

Check higher timeframes, u can be in a chop on smaller timeframes invalidating/not respecting ur PA for smaller timeframe @soft void

[soft void]

Yeah true, but I'm also uncertain if HTF is bullish or bearish

[full condor]

D1 tells a bid on Gold

[soft void]

Well it looked bullish at London sesh

[full condor]

perhaps due to US dip

not much action really....

[terse haven]

I think we’ll just be shitty range today , not trying to give a clear direction for tomorrow Fomc

[soft void]

Well the expectation was that this week would be choppy anyway

[terse haven]

1hr smart trail is positive

[soft void]

Yea exactly, and thanksgiving holidays

[soft void]

Yeah I just went long

[terse haven]

I’m trying to see if we can do a double bottom on the 1hour , doesn’t have to be perfect but I’ll be waiting for something like that

[soft void]

Yea makes sense

I'll prolly put SL to BE after this next 5min close just in case I get chopped

[full condor]

check GBP, especially during overlap....will give you nice pips

[soft void]

Alright imma try that

[full condor]

nice bounce on data released

[soft void]

hmm i wonder if there's a high probability short for usdjpy

[terse haven]

Check Lux videos , all you need to know about the indicators, who better to explain them than Lux , check in #📈must-watch , #🧠core-lessons and #🔊announcements they have very useful information and videos there and on YouTube about the indicators

[terse haven]

Locking in Half the trade here , SL at break even , risk free , sit back and relax

[terse haven]

US30 hitting previous weekly high , interesting level to watch for potential entries

Breaking above can be bullish

[dapper jolt]

Yawn quite slow today

[soft void]

something like this?

htf looks really bullish

actually all major US indices look bullish and at resistance

im also considering long on SPX

[terse haven]

Yea something like that , but to dangerous to trade it rn

Dxy looking like it’s finding some support here on the PWH and PDL

Im just gonna hold my gold trade stay out of everything until an actual move happens

[soft void]

yeah ltf bullish momentum slowing down too, i'm flat for now as well

what do you usually trade on Dec? this is my first time going thru dec as a full-time trader and I hear it's a slow month

[dapper jolt]

I think dxy will hold bullish til fomc

Will look for new jerk reaction higher in dollar after fomc and then fade just before speech

[dapper jolt]

Things will get slow after 1/2 week dec

[soft void]

damn, kinda sad

[terse haven]

I usually trade what I normally trade, gold , eurusd, gbp

I’ve done stocks/options,
Crypto, but the best for me is forex and metals , as for it being slow doesn’t mean there’s no opportunity

[dapper jolt]

Will be illiquid

Funds pension funds etc squaring up

[soft void]

yea that makes sense

[dapper jolt]

So hard to trade

Lack of liquidty going towards xmas

[soft void]

oh well its not like i have much of a choice

[silent badge]

@terse haven did u buy or sell gold ^^ ?

[dapper jolt]

Prob best a break or limited trades from 10-15 of dec to about 5/6 of jam

Jan*

[terse haven]

Shorted

[dapper jolt]

Have taken small short eur usd again…waiting for tmw

[silent badge]

@terse haven which entry did u manage to squeeze in ^^ ?

@terse haven I had alert at 1750 but I was asleep and missed it lmao

[terse haven]

I took short on the 5min breaking down from PWL and PDH took some profits and holding the rest on this broken trend line @silent badge

[silent badge]

yeah thats a really good area

[terse haven]

It missed that 1750 alert u had by a hair lol

[silent badge]

@terse haven us30 hit last week high and am still thinking about a short if it retest it

I know by like 1 inch @terse haven

[terse haven]

Yea could be a potential short but I’m not gonna risk that one , that thing looks bullish on higher timeframes , maybe small pull backs till tomorrow

[half wing]

!docs gecko trading on youtube, and lux youtube’s channel

[icy wraith]

Learn about every aspect of Lux Algo at: https://docs.luxalgo.com

[silent badge]

@terse haven my thought exactly

@terse haven looks very bulish and its holding on to its highs

@terse haven next area for comoftable quick short would be about 34070-100

[half wing]

#🧠core-lessons #📈must-watch @long surge

[terse haven]

Maybe , but given the conditions and coming news anything can be unexpected,

I honestly don’t trade indices much

Im more familiar with gold and it’s levels so I’m more confident trading gold and my PA is pretty good on it

[silent badge]

makes sense, I like indices as it respects certain levels ^^ and I love gold as it moves nicely

[hard moon]

It moves depending on what the nasdaq does @silent badge

no matter the setup.

[soft void]

might try this silver short setup

could be a long if flip, i dunnu, i'm uncertain about htf trend on silver and gold

[terse haven]

Small scalp on the 5m tf ✅

[soft void]

nice one

well i got 1 trade today which was a loss

hopefully in profit tomorrow, news around NY open is gonna limit my trades tho

Durable Good and Flash Service PMI

[terse haven]

@soft void try trading some trend line breaks , usually it gives some nice pips , I took it on the 5 min but bounced off order block on higher TF and broke trend line on 15m

I just scalped it quick, I’m not convinced of a strong move up yet

[soft void]

ooo i guess i can try this out , thanks

[terse haven]

I do look for other confluence like Macd, bounce of order blocks ect , I rarely use the buy and sell , just market structure and sticking to high TF ,

U can see the Lux Macd crossover with trend line breaks , lead to nice gains,

This is best on trending markets , most people confuse trending with ranging

Smaller TF may seem like it’s just ranging or it’s too slow but in reality we are still in a strong trend

Now market structure is important because you can spot better entry, or spot reversals even

Based on this screenshot on gold on the 1hr the current Macd crossover is to the downside but I don’t necessarily think we’ll come down too far , we might be finding support here and flip over to long crossover- as we’re expecting news all this can be invalidated anyway

But always look at the bigger picture for the best probability

Hint on volume spikes before the trend line breaks

[soft void]

damn those look like good short entries

thanks for the tips man, gonna apply them tomorrow

[terse haven]

No problem 👍🏼

[silent badge]

@terse haven i can’t really gauge wether we gonna bounce of here and go higher or test 1727- 1729 range before hand 👌

[echo kiln]

whats shaking?

[full condor]

just waiting for some liquidity 😄

[terse haven]

Another one locked ✅

[terse haven]

I think we going down

Danm should’ve held lol what a flush

Basic stuff, inverse, and regular head and shoulder plays on 15min TF

[echo kiln]

you have that special gift to see through the noise 👍

[terse haven]

I try my best , patience and observation.

These trendline breaks with order blocks on these higher TF make it so easy honestly , ignore the noise , if I see a setup I take it , no hesitation

[mild badge]

hello all

Im new here 🙂

hoping to gain some good insights from the veterans that can help me improve my game 🙂

[echo kiln]

https://tenor.com/view/welcome-home-to-my-gif-24360895

[worldly goblet]

30min scalp on gbp/cad

[mild badge]

what are some of the favourite / proven strategies using Lux on forex pairs?

[muted bough]

@worldly goblet kinda slow lol

Been in it since the start lol

R u now just getting in

Late u are

[crystal pivot]

Market barely been moving 😩

[worldly goblet]

I posted my trade because people were saying we should post them, not to be belittled by you arrogant prick. This is why people don’t post their trades. There is always some tonsil who thinks he is too clever. I have taken other trades that you didn’t so fk off

[muted bough]

Idk about hay

That

I’m always steps ahead of u

[worldly goblet]

Nobody cares

[full condor]

keep posting @worldly goblet 🙏🏻 , I learned a lot from your posting mate.

[worldly goblet]

Thanks bud. Appreciate it

[echo kiln]

Hey magic boy, weren’t you the one causing trouble yesterday with me, and then begging and demanding that another trader mentor you? You got a lot of nerve shitting on everyone when you admit you know nothing about trading.

https://tenor.com/view/its-time-to-grow-up-sebastian-wilder-ryan-gosling-la-la-land-grow-up-gif-16979007

[full condor]

Micky your heart, London Session about to begin, overlap! overlap! 😂 ...

[echo kiln]

Yes‼️ Overlaps usually nice. This week, the big moves kind of happen before NY opens. NY session was chop so far, aarrgghhhh

[leaden flower]

@full condor which website you use bro for this time covertor

[echo kiln]

He has BabyPips up. It’s a good site to learn about forex. FREE

[full condor]

from babypips....

[leaden flower]

Thanx mate

[leaden flower]

Just learned yesterday that overlaps work best . 😁

[full condor]

yupp chase liquidity and not volatility 😄

but avoid major Economic data release, at least 15 mins before and after. Look what happen to NZD pairs this morning, you don't want that chaos. It will kill your account

[leaden flower]

Learned a strategy to trade news but currently trading on demo as it's risky .

[leaden flower]

Sl hit today on nzdusd while trading news.

[full condor]

Let the price stabilize, do not trade that volatility especially about cash rate. Some will even tell about hedging the news < - for me this is one of the worse advice

[leaden flower]

Can I share how I trade news ?? Means strategy

[full condor]

by all means mate..... appreciate it

[coarse fulcrum]

@leaden flower has earned the Lux Level 2 role!

<@!864197086719246336> just levelled up

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

[leaden flower]

Learned this from Adam Khoo.

[full condor]

I would avoid 2 and 3, just IMHO.....let price stabilize then trade that news..... but be careful that some news especially cash rates are most of the time, market already priced in..... "buy the rumor sell the news".

I am not a big fan of Adam Khoo < Piranha Profits>🙂 just to add.

do not hedge the news, IMHO and my humble advice

[leaden flower]

Okay 😀

[full condor]

for example BOE is already contemplating on prolonging their misery by angling to raise rate hikes this December to just 50bps.... as you can see, market already pricing in the rumors.....

[leaden flower]

I did his course but find so annoying finding setups using his strategy
I just like this news scalping one.

[full condor]

I am biased but trade what you see..... use PAC 🙂

[leaden flower]

Okay 😁😁

[dapper jolt]

Dxy picking up strength it seems now

[ashen zealot]

Any View on EURUSD ?

[dapper jolt]

No idea..v choppy

[ashen zealot]

Thank you

[final yoke]

Hello everyone. Who know this ? After we have chosen the strategy and the parameters how do we connect the strategy to the broker on a real account ? Do you have a video ? Can we connect multiple strategies to different TF and different assets?
How to conect auto traiding ?

[noble briar]

اه

hi

do you anyone have good setting for XAUUSD ?

also how can i access to backtesting inddicator?

[waxen ruin]

upgrade to lifetime

[jagged slate]

The backtesting system is only available for lifetime users. Sadly we are unable to give all LuxAlgo users access to this system due to rate limits. We need to provide it to a smaller sub group to ensure we can scale & get organized feedback from heavily invested users. If you want to upgrade to lifetime you are able to via https://www.luxalgo.com/backtesting-system

[full condor]

anyone buying AUDNZD?

[vital marsh]

Hi Guys, Is anyone doing Crude oil WTI if yes please advise the best settings

It will help me a lot

Please advise Optimal settings in Lux Algo for Crude oil WTI

[prime elbow]

Crazy candle

[terse haven]

Swing finally hit target , bounce off PMH 🔥 beautiful risk reward

Was gonna limit buy at the PMH but was unsure if it would bounce specially that fast

[leaden flower]

thinking of going long on EURJPY Retesting 0.5 fib level (double bottom type) after a nice run

[terse haven]

I’m staying out till fomc or after ,

[full condor]

I am contemplating on GBPCAD lolz

could do a retrace

[soft void]

I'm staying out till lunch

got flash service pmi in about 40 mins

[leaden flower]

thanxx forgot to check😀

[soft void]

oof

stop hunts both sides

[leaden flower]

do u trade news?

[soft void]

nope, i stopped doing that

market is irrational longer than you are solvent

[leaden flower]

me too😂

[soft void]

cost me a lot to learn that the past few months trying it

lmao

[terse haven]

I took the risk on this one , that liquidity grab on a double bottom, im a break even already so let it do whatever

[regal marlin]

Quick question is the back testing separate payment from the premium?

[terse haven]

Yea Trading news is always risky

[terse haven]

Yea it’s with lifetime plan

[soft void]

even with okay risk management, the slippage can hurt

[regal marlin]

Thank you

[terse haven]

4hr looks juicy on that Macd , I might be wrong but I think we might go up I just took a gamble at this point , news /fomc don’t respect PA

[soft void]

thats good RR tho, fomc minutes better not screw it up lmao

imma resume trades in a bit

look for longs on gold

only scalp tho

[terse haven]

I don’t think it’ll reach TP but never know lol , I just trail on the way if it goes my way

[soft void]

yeah that works

[terse haven]

Danm look at GBPUSD

[soft void]

damnnnnnnnn

would've been such a juicy long from london sesh my god

[terse haven]

I was eyeing it but I don’t like to be on multiple trades , been focused on gold

[soft void]

same, i limit my choices

i get decision paralysis lmao

nice retracement

[terse haven]

Dxy looking bad

[mild scarab]

Hello, what do you guys think on that GBPUSD move? is it gonna reverse?

[terse haven]

Dangerous to try to catch the top , better to wait for some confirmation, specially today

Making a new higher high as well , pretty bullish to me

[echo kiln]

Sniper kill 10 pips, today was an easy call on the usdjpy after news, now time to troll all the rooms here 🤷🏻‍♂️

[summer wedge]

hahaha , is that why you have been silent 🙂 well done on acquiring your target for today mate

you will enjoy some of the banter in the stocks chat

[echo kiln]

🤣 Yes, when I am silent and not trolling, Im concentrating on my trade...I cant do both at same time since, its only 5-10 pips 🤣

[echo kiln]

I need to not let certain members upset me with ungrateful comments, when they are asking for help 🤣 we seem to get more of that lately 🤣

that is my new years resolution, take a deep breath and move on, and not type back on the keyboard

🤣

[summer wedge]

good idea .. everyone has bad days ... forgive and forget cause we have bad days too

[echo kiln]

Not sure where this butterfly emoji came from and what it means. But I’ll use it 🤣

[soft void]

ill prolly do something like this at 50ema bounce (blueline)

[echo kiln]

Might be good

[soft void]

yep i hope so

[tardy berry]

🦋

[waxen ruin]

it follows everywhere now

[echo kiln]

nice

[dim hornet]

guys, im new here. could you pls guide me the best setting of luxAlgo for scalping?. much appreciate your time

[terse haven]

There are quite a few strategies with Lux , depends what style u like ,
I recommend using the PAC indicator as part of your strategy, and as for settings on the oscillator and buy and sell signals u need to test which settings are best according to whatever timeframe ur using. Lux dashboard gives you the proper sensitivity for the current market conditions,

But also analyze ur setups before taking them

[dim hornet]

Yeah thanks @terse haven.

could you pls explain PAC indicators. is there any video about them on youtube or here?

[terse haven]

Yea they have videos on YouTube, check in #📈must-watch

@dim hornet https://youtu.be/WuEaLfeiz20

[dim hornet]

Thsnk you do muvh @terse haven

[soft void]

here it comes

oh god that orderblock that was just created

gonna make it bad RR

damn it

[echo kiln]

if it doesnt feel right,....

screw it

[soft void]

yeah not taking it

[echo kiln]

next

yup

[neat oasis]

Hi guys. I am fairly new here. I have been looking at the smart money concepts. Got a question that Hope you can answer. It seems like the Premium/Discount zones are good bounce / reversal opportunities- but is it me or do those zones keep moving down/up when they get reached making timing of a trade difficult? Maybe need another indicator for confirmation? Thanks

[coarse fulcrum]

@neat oasis has earned the Lux Level 1 role!

<@!1023649203576119408> just levelled up

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

[echo kiln]

look at PAC, even on smaller time frames, the premium and discount levels held, WTF 🤣

maybe ill use PAC and change up my targets 🤣

[soft void]

LOL yeah i've been doing that too

[echo kiln]

could had tripled my take 🤣

[past acorn]

@full condor would be happy

[quiet linden]

Would it still be a good time to start a funded account challenge?

[terse haven]

Discounts level is indicating that price is oversold or overbought, don’t necessarily mean is the right entry, normally yes u get some bounces, but if the trend is strong it will push it ,

Those discounts zones are best on high timeframes , On smaller timeframe I use the zone if it gets rejected twice

[terse haven]

Anytime is good as long as you can pass , it doesn’t matter when u get one , just be sure and confident u can pass

[quiet linden]

Hows the market conditions tpwarda the end of the year? Wpuld there still bw enough volatility?

[terse haven]

Might be a bit slower and a lot of chop , but price won’t be stuck so there will still be opportunities

Market doesn’t open tomorrow I believe, gonna be boring day

[echo kiln]

yes he would 🦋

[summer wedge]

hahaha obsessed with butterflies today

[echo kiln]

https://tenor.com/view/butterfly-fly-gif-17974523

[neat oasis]

Thank you for that explanation. I was watching the EURGBP this morning on the 15m, and it was right in discount zone, thinking it would bounce but that discount zone kept on going down as price went down through. But when you look at the chart now it appears like a really great bounce - but definitely wasn’t like that when it was live.

I guess I should look at a higher timeframe instead

[soft void]

okay new plan, this time pullback to OB will confluence with 50ema

[echo kiln]

here we go

[terse haven]

https://tenor.com/view/pump-and-dump-doge-coin-bitcoin-crypto-marshall-crypto-gif-22289960

I need that $60 pump on gold please

[soft void]

to 1800?

[terse haven]

I don’t know honestly, would be nice to test it , things ain’t looking too bad

[soft void]

actually really bullish imo

prolly on fomc minutes we can break that 1748 zone and fly

no more hawkish shit pls powell

yeah on 4h prolly can test 1800

[terse haven]

I’m really hoping so , 4hr price above 100ma

That liquidity wick earlier was nasty tho , but bulls stepped in to hold the line

[soft void]

yea scared me just looking at it

[terse haven]

Breaking down 1736 again and closing below on the 4hr would be bad but seem to have held quite well

[soft void]

yeah probably free fall to take liquidity to 1722 which is also on 4h 200ma iirc

dun remember if it was 1D 20ma or 4h200 ma

i draw lines and i dun remember what they are LOL

interestingly it's also where the wick touched

[terse haven]

I feel like some big orders got filled on that wick down

Otherwise it would had probably kept attempting to break down

We’ll see now in 50mins , moment of truth

[soft void]

yessirr

[soft void]

welp another order block created, i feel like a huge squeeze is coming

not taking this trade

getting too close to supply zone

[jagged slate]

I ❤️ your charts

really clean setup

[soft void]

thanks! i try

[soft void]

will you look at that

[terse haven]

Oh yea 📈

Not as strong of a pump let’s see what happens, I locked half the trade here , running the rest

[soft void]

yeah im not entering a long yet either

[terse haven]

I got in at 1738 right after the liquidity grab on the 1hr tf

[eager ember]

Is there any particular strategy for trading US30 or gold?

[soft void]

damn good catch

[half wing]

hi

[terse haven]

Adjusted TP accordingly , SL in profit just incase

1hr TF and PAC and some confluence is all you need ,📈🔥

[crystal pivot]

Any reason why you prefer to trade gold vs forex pairs?

[neon horizon]

Hey I just Started trading forex any good settings for lux algo/smart money concepts to start with?

I just can't seem to find a good enough combination

[terse haven]

I know ur asking him , but me personally just like to stick to a select few pairs

[soft void]

this

i can trade forex but if i give myself more options then it'll just make me indecisive

[terse haven]

I use this setting on the 1hr tf

[neon horizon]

so you have everything on? isn't that a bit too much info?

[terse haven]

@neon horizon check this chart as reference

I also like to use the candle bar colors from the pac

[terse haven]

For smaller tf yea it’ll have much more blocks and can be noisy, so just lower the internal and swing number

[coarse fulcrum]

@terse haven has earned the Lux Level 3 role!

<@!835369963560501292> just levelled up

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

[neon horizon]

do you use the HIGH LOWS MTF?

[terse haven]

I mostly stick to high TF , gives you better R:R

5min -15min TF for entries

I do scalping too but slowly breaking out of that habit

[neon horizon]

I see

okay I'll test

ty

[terse haven]

GBPUSD possible double top on 15min tf , will wait for trendline break to try and scalp short , most likely won’t happen today tho

[terse haven]

⬆️ this is what I meant about testing a premium level or discount twice on a lower TF , I still need more confluence to actually take the trade tho but gives me more confidence when looking for things like that

[full condor]

lolz GU FTW

@echo kiln 😂 AN

This LuxAlgo PAC really making SMC trading quite a breeze

[echo kiln]

So I was a little correct in looking for a short? 🤷🏻‍♂️

I mean, it was 50/50 🤣

[full condor]

GBPCAD as usual routine, trend in the morning was already showing a bullish bias, with yesterday sessions showed a range but bullish outcome. Remember Wyckoff theory - Accumulation Markup - Distribution Markdown. then did a respect on that support trendline and yesterday internal orderblock with confirmation on Discount zone on LTF. It went up for 125 pips and I was able to profit for 75 pips. Another good job for LuxAlgo PAC @jagged slate

[full condor]

🤣 Yes you are mate, it did retrace for 27 pips before going up for 42 pips.... I need to add position seeing the PAC on LTF though

[summer wedge]

so you take trend confirmation bias from 4hr and trade on the 5 min with potential entries and exit (rinse and repeat) ?

[full condor]

my alert is on H1, Trade and Trend bias always in H4 (D1) and sniper entry on m5

[summer wedge]

how are your alerts set on T1?

I have been reading up on Dow Theory, same ask Wykoff theory, do you also see HTF like the weekly?

for accumulation distribution zones

or mainly rely on pac

[full condor]

my logic would be, if I set alert on H1, it gives me possible warning ahead of possible alert on H4.

[summer wedge]

understood ... sensible

[full condor]

sadly, I think LuxAlgo PAC need to tweak a bit their accu-dsitru......it doesn't capture smaller range bound PAC

[summer wedge]

i used to have 5 and 15min on each side, sniper on 5

[summer wedge]

hope you have informed admins

[full condor]

looking at this this is a 2 day rangebound on H4

[full condor]

I been requesting for PD alerts, Trendline tweaking and some more....lolz

🙏🏻 for the next update

[summer wedge]

so you place them side by side, to snipe at 5 min

[full condor]

i have a pro plan for TV which allows me to have 2 chart side by side

[full condor]

see this

then on ctrader I have this box indi to indicate rangebound on selected TF, so same logic H4 / m5 side by side

[summer wedge]

perfect setup

[full condor]

nothing to do with Darvas though😂

it is more of wyckoff theory

[summer wedge]

cool mate .. i love the way you have setup your PAC

clean and neat to visualise

mines a bit messuy

[full condor]

I only use PAC, loving how it really automate PAC charting

still in infancy but doing a impressive job already

[summer wedge]

suggestions welcome

[summer wedge]

PAC is total game changer

[full condor]

for example, the Trendline alert needs a work......it will send alert even though the candle doesn't fully crossed above or below

[full condor]

try this mate...add the free LuxAlgo SMC.......then save a copy....then search for all size.tiny and change to size.small

only activate this

[echo kiln]

probably triggering alert on 50% of candle closing above/below 🤷🏻‍♂️

[full condor]

for me the logic trading TL is either price bounce or fully crossed

[summer wedge]

how will you read the above chart? as the 4hr price candle might be 2 or 3 max which you can study and how do you decide where to enter on 5 min

?

[full condor]

I am seeing this is a rangebound for H4 so I would wait as there could be a good MarkDown oncoming

[summer wedge]

got it

maybe beneficial to have 1hr also

i mean for me ..

[full condor]

Alert should be fine....no need to have H1 side by side on the other 2.....will muddy up your bias

[summer wedge]

thanks for the nuggets today mate, really appreciate it

[full condor]

happy to help mate.....still 2 hrs for before prep to work...will go back to bed now 🙂

try doing a demo in FTMO, a good way to learn and practice RRR.....just a demo no need to join if you are not into it.

good luck guys and may the Pips be with you all

[echo kiln]

https://tenor.com/view/jennifer-lawrence-the-mocking-jay-the-hunger-games-hunger-games-mocking-jay-gif-17322681

[full condor]

These 3 underline will really kick some butt of lots of traders here....seeing how much they put on lot size

if you survived it, I promised you that you will be more cautious, profitable trader

[summer wedge]

thanks for sharing mate

i am logging off as well, have a good night all, tomorrow is going to be another beautiful day .. thank you Lux family ❤️

[terse haven]

Keep on pushing gold 🦋

[past acorn]

GN @summer wedge !!

[full condor]

this was posted on lifetime lobby by @wary spear , anyone tried this? if any, can you share your experience and progress?

[echo kiln]

I think WunderTrading would help as well? Not sure, but I think I remember it does with the TV auto trade alerts executed and to your brokerage account

[full condor]

the thing is if it's supported by your broker. I saw that capitalize is supported by Pepperstone (one of my broker)....maybe dig more over the weekend

[echo kiln]

First things first, get a solid profitable strat with Lux 😁🦋

[full condor]

Ain't that you having now 😄 , you need to share your vast knowledge in profit taking 😂

[echo kiln]

I haven’t even begun to touch the backtest yet. Too busy trying sniper kill the charts 😂

[full condor]

seems I will never touch the backtest as they said, they seems will not integrate PAC on the tools

UJ, did you look at it now?

[echo kiln]

My is so simple, it’s right in front of everyone’s eyes. But I agree, it’s not sexy for most traders here. 😀

[echo kiln]

I bet in due time, it could. Maybe trigger a trade on a BOS trend entry or trigger on CCOCH….

[full condor]

or a bounce on PWL or DZ🙂

[full condor]

FnG is above 50, I think around 60 so prolly making JPY / CHF to dip

AN!!!

[prime elbow]

I love PAC!

possible play out

[grizzled socket]

mate, what is name of vop?indicator?(i mean this on right side)

[prime elbow]

It's vrvp

[grizzled socket]

thanks

[rare zenith]

How can we use fair market gaps as a confluence for trades guys?

[icy wraith]

Hi can I get good setup for the gold 1 minutes time frame please

[full condor]

Fair Value Gap?
Fair Value Gaps are most commonly used amongst price action traders and are defined as instances in which there are inefficiencies, or imbalances, in the market. These ‘imbalances’ simply suggest that buying and selling are not equal.
The reason why a trader might be interested in where these Fair Value Gaps occur is simply that the imbalance created by them can become a magnet for price in the future.

[mild badge]

as a new user of the LUX Algo, I am having trouble understanding how to make best use of it, is there anyone here who can help point me in the right direction and get me started off? 🙏 🙏

[jagged slate]

Welcome 🙂

Have you seen our youtube videos?

Which toolkit are you looking at?

[mild badge]

specifically the scalper setting and making use of it with the SMC

[jagged slate]

For the PAC: https://www.youtube.com/watch?v=gKyn7dbHhEo&t=0s

Watch this 🙂

10m

explains everything

https://www.youtube.com/watch?v=vpSjJpCpwSE&t=0s

Then this

and use together 🙂

[mild badge]

awesome

thank you so much

let me have a look at them and see what I can come up with. 😉

[cerulean drift]

Just started with a strategy using lux and account 20% up this week, hopefully it continues 😅👍🏻

[mild badge]

nice, mind sharing?

im still trying to figure out things

[cerulean drift]

Will do once I've had a bit more time with it, only been 4 days so might just be luck 😂

[mild badge]

either way NICE!!

[rare zenith]

Thankyou, thankyou. So eventually when there are fair value gaps, the price will ultimately want to go back to the fair value gap at a later date?

[full condor]

Yes indeed. And you may want to look at OBs as well as they are highly important part of Price Action SMC. Attached pdf for quick reference, maybe this could help you

[rare zenith]

Hero

Thanks a lot mate

[vital marsh]

Nyone here who is trading in Crude oil WTI?

[full condor]

Watch out for newly created OBs, this will give you a good trend direction (swing or internal)

[echo kiln]

To everyone just coming in, I’m fairly new to Lux as well, I think one year into it 🌶️ IMHO, the Lux YouTube videos, long and short videos, are by far, the key to get your brain and enthusiasm going, it can open your head into creating something for yourself. Then you can dive into the more complex strategies and features of Lux. I’m no expert, but keeping it simple in the beginning, may not be sexy, but your real money account will thank you for it. Also head to the #📖server-guide room for everything A to Z 🌶️ that’s all I gotta say, now back to trolling for me 🌶️

[worthy violet]

Hi, I've just joined. I hope to get fast up to speed.

[jagged slate]

Welcome 😄

[echo kiln]

👋

[grave whale]

Hi guys! Sorry if this has been asked before. I’m 1 day new to LuxAlgo. Trading for about 1 year now, I am wondering if there is a feature I can turn on where the buy/sell signals for forex pairs come up on my phone as a notification…? Instead of me trawling the charts as per usual ha

[full condor]

I uses TV to TG.

[echo kiln]

install TV on your phone, then set the alerts in TV, your phone should have the alerts now

[grave whale]

Yes, I have TV on my phone - sorry to be silly, but how would I set the alerts on TV so they would come on my phone? 😅

[echo kiln]

https://www.tradingview.com/support/solutions/43000474389-how-to-receive-alert-notifications-via-phone/

[grave whale]

Thanks so much 🏅

[echo kiln]

Slow for this holiday, but I only took 6 pips, trying for that 10pip, but couldnt break through the 94% Discount level, for now...🤣 keep it simple

it was the 5th try that tried to break below, so stubborn 🤣

@full condor You seeeeeee, I’m trying hard to use PAC to let me know when to get the hell out before I pay the price of greed 🤣🌶🌶

Adv Osc said I could enter short, and it also told me that times up, the little move is over

[full condor]

I was able to do 72 pips on that

but I closed it seeing it was ranging

[echo kiln]

Yes, I saw that move, I woke up late for that and I tried to get a piece of that, but was too late, only took 6pips, dam

[full condor]

I saw the bounce on resistance trendline, and trend was kind bearish since Sydney session

then I added the new OBs on my bias

then just took the profit when it looks like it will range

one of my still open trade

prolly will call it a night in a few

[echo kiln]

🌶 NICE, I need to start trading other sessions, and I think most times, NY session ranges after the big moves in other sessions. So frustrating that I could only take 6 in the NY chop. Better than a punch in the face 🌶

[full condor]

try the whole London session

especially the overlap of Tokyo / London - London / New York

[echo kiln]

Easy said than done, first, I’m on the west coast of USA, so that puts me behind NY session a little, so waking up for London or other sessions is gonna be hard 🌶

[full condor]

if the OBs here will not be mitigated, then will just take the 28 pips

[echo kiln]

Good call

Just cut it short, take the pips, go to sleep with a happy face 🌶

[full condor]

yah, that's some of my friend complain as well. I was in Cali for 5 years, and really had to make a sacrifice to do some trades....then ending up really sleepy during work.....I sometimes doze while driving in Fairfox and Culver 😂

[full condor]

waiting to be mitigated lolz, patience my friend

[echo kiln]

As long as it doesn’t delay your bedtime

🤣

[full condor]

oh no, I am used in erratic scheds of sleeping lolz.....you know my line of work is not even close to any finance or accounting lolz...... I was involved in the designing of the Exposition Line and Metro Gold Line......up to the initial design of LAX

then just quit it when recession hits in 2008, told myself - f&*^%, I don't even experience recession in HK, what the heck...so I move back

[echo kiln]

HK is nice….only city outside of the USA that is pretty much like NYC, but speaking Cantonese instead of english

[full condor]

ok so it is mitigated

Lei Sik Putonghua?

I mean do you speak Canto or Manda?

[echo kiln]

I was born in NYC, so I know Chinglish

🤣

[full condor]

just a friendly advice mate, focus on PAC then add SMC

[echo kiln]

Cantonese

[full condor]

lolz

don't muddy your chart....see better the price action

I mean the price movement

OBs will be your BFFs

[echo kiln]

Which OB indicator you use on your chart?

In PAC or overlay?

[full condor]

I use the PAC but I like this feature on SMC

I like the wording, it is like when I see words or annotations - feels like it is nagging me like my wife 😂

to clean up the chart, I turn off the P/D on PAC

then turn on hide overlap

wow nice that I closed the trades...hahaha settled for 28 pips

[echo kiln]

Maybe @jagged slate can put in a request to add to PAC

[echo kiln]

Good job🌶 Nicely done 🌶

[full condor]

seems they are very busy and annoyed on my frequent request for some iterations lolz

[echo kiln]

It’s on the list

Can’t tell you how far down the list, but it’s on the list

🤣

[full condor]

it's ok, just looking out for others so I keep asking for those request

pretty sure will be a great help for us all

not just for me

[echo kiln]

Go to bed 🛌

Shit it down

[full condor]

still playing Tiberium

[echo kiln]

Shut

[full condor]

lolz

are you quite familiar with wyckoff? and volume profile?

[echo kiln]

Yes, but couldn’t really get my head around it for my sniper scalps

One day I’ll go for larger targets, just need to learn patience and to keep my finger off my mouse 🌶

Luckily I got out of usdjpy, still chop until next overnight session for the big move while I’m sleeping 🤣

MF

🌶

[full condor]

well you don't need anymore to use wyckoff / or VPs since PAC make it so much easier....I just hope that the accu/distru can identify smaller range.....currently it only identifies bigger range and the zone color, no settings to change the transparency.

[echo kiln]

I’m sure there will be awesome updates as this matures. It’s only the beginning, the best is yet to come. That’s what they say, right❓😁

[echo kiln]

Yup, pretty obvious that’s an OB, can’t miss it‼️🌶🤣

[full condor]

just remember the wyckoff theory - accumulation then markup, distribution then markdown

likewise - the longer the range, the bigger the moves

once you get used to it and identify those range bound.....pretty sure you will be highly profitable

[echo kiln]

I can smell usdjpy shooting up in next sessions

“Smell Theory”

[full condor]

Micky Theory lolz

[echo kiln]

Don’t laugh, it works, can’t you smell it now?

[full condor]

I do but could be next week

the range is still not enough for a big move

[echo kiln]

That’s good you can smell, we are in the same page. And your right, might be next week when the lazy American institutional traders come back to work

🌶🤣

[full condor]

you sound like Asian harharhar

[echo kiln]

You, me, @half wing . We can smell this range garbage

[full condor]

check the D1, see the latest and greatest candle.....before making a bias

I am guessing you are trading during NY session

[echo kiln]

yup, always have my D1 up

[full condor]

so from there yo have the trend established already....but NY is more about retracement and pullback

[echo kiln]

i usually try to wake up about 430am pst time and open my charts to see what i can get, and i end my day around 1100am pst

yes, NY is always late to the move, always at the end...

i need to wake up for London start I think

[full condor]

to add, there are so many eco data releases when you trade - which make it more complicated

[echo kiln]

or aussie/japan overlap

[echo kiln]

THIS is VERY TRUE!!!!!!!!!!!!!!!!!!

thats why in the USA, we have more retail losers than winners

im guessing

[full condor]

don't worry, you are making us earn a living on this side of the world...and we thank you for that

😊

well happy thanksgiving buddy, go and finish that turkey

have a good day and have a good one

[echo kiln]

Same to you, have a good night 🌙

[full condor]

remember OBs are your new BFF 🙂

👋🏻 🛏️ 💤

[echo kiln]

anyone else take some trades, or what you looking at?

[soft void]

Looking at short on silver, just realized metals are open still

Which country is trading metals at these hours tho lmao

I'm confused

Actually not too sure bout shorting silver atm, HTF looks bullish

Prolly wait for it to flip uptrend on ltf, I guess it won't till tomorrow

Or I can risk the short

[echo kiln]

maybe safe play will be to sit on your hands

[soft void]

Yea true

[soft void]

what time does commodities open tomorrow?

[echo kiln]

good question....

hence, the beauty of forex, anytime, any day, we dont care about holidays 🤣

actually, closed sat and half of sun

[soft void]

Haha yea true

Damn didn't knw forex is open half of sunday

Which country trades on Sunday lmao

Im assuming it's middle east

Well commodities closed 30 mins ago which is not the usual closing time which I why I asked rofl caught me by surprise

Time to research opening times for all markets

On all holidays

[neon horizon]

any setups now?

[snow beacon]

guys

whats best broker in eu/turkey?

[echo kiln]

same here...

[full condor]

I was looking at GBP dip since the Sydney session but I mostly trade on London Session so I pass

[full condor]

you will see that mostly end of NY to Sydney session is just rangebound

[crystal pivot]

Anyone here scalp 1 min TF? Im working on a strategy rn, there’s a lot of potential since more trades possible everyday

I keep missing 15 min trades when I’m asleep 😕

[echo kiln]

I do, but entry needs to be spot on, based on HTF

Ill even go for a smaller TF if I am feeling up to it.....in and out, done

did someone say seconds? ohhhhh shatttttt

🤣

[full condor]

I'll send you my bank account, just transfer to me your trading funds...much easier lolz...and you did a good will as well...helping poor people like me 🙏🏻 😊

[tawny sandal]

https://www.babypips.com/tools/forex-market-hours

[echo kiln]

yes babypits is good site, i have it up al the time.

[prisma bluff]

Anyone have a good setup to share?

I have setup the preset one but there are so many mix signal to buy and sell

[full condor]

check this also https://www.myfxbook.com/forex-market/liquidity to have a quick glance on current liquidity....these last 2 days...liquidity is quite low / average

[echo kiln]

looks good, lots of info...ill dig in

[grizzled socket]

Hello, lads where i can Play Forex on futures??

Bcs my broker got statement leverage 1:30

@full condor Can u send name of session indicator please?

[echo kiln]

1:30 is good, safer for your account. If you want to go higher like 1:500, there are many brokers that offer that, but higher chances of you blowing your account faster. People always say, spend what you can afford.

[grizzled socket]

I just want make challange myself small account flip, main acc stay on main broker low leverage(0% commision) to not take risk etc, but i want challenge my self 🙂

[echo kiln]

hmmm ok, I respect that. I only use Oanda USA account that I can only max at 1:50

but there are others that go 1:500

hope someone here can point you to those brokers.....

[full condor]

https://www.tradingview.com/script/QH7jc8Tx-Analog-Digital-World-Clock-by-DGT/

[grizzled socket]

Thanks ❤️

[full condor]

where are you located? are you US Citizen?

it matters if you want to open high leverage account

say you may want to contact pepperstone and ask them more info about this

I uses 3 brokers - IcMarket, Pepperstone and TopFX.......all of them offers regulated or high leverage account

[grizzled socket]

Holland

[full condor]

Due to recent (or not so recent) EU regulation which strict high leverage, then either of the three will switch your account to SCB

that will allow you to have high leverage account

[grizzled socket]

Thank you i go check all 3 brokers and chose best for me,

[crystal pivot]

Wow thats savage lol nice

Im working on rsi divergence strategy with reversal zones on 1 min TF and few other indicators. Yea entry is key and requires patience, excited to try it out

[prisma bluff]

@crystal pivot let me know if it works.

I am also looking out for strategy to trade forex.

[soft void]

anyone looking for shorts on gold?

[grizzled socket]

i shorting from 1751

1761 sl tp around 1743

[soft void]

ooo you're trading the breakdown?

[leaden flower]

RR not even 1:1 🙄🙄

[soft void]

Oh yea just realized

I'm thinking something like this, 50ema rejection entry

[dim hornet]

for xauusd i think good time to take long from 1750, sl1748 tp 1757

[grizzled socket]

if u want hold gold longer u can try but i personally scalping short moves on gold/silver/oil

[dim hornet]

yes, i also do scalping

[grizzled socket]

too risky to hold

imo

[dim hornet]

yes this level is critical

[proven prairie]

Hi, I think it might go even further down, I’m looking at around 1742.

[dim hornet]

if gold retraced from this level it could touch 1755

[grizzled socket]

i using channels on gold (1d TF every 10$ in price is level line)

[soft void]

interesting

[grizzled socket]

but its my point of view at this ;P

[soft void]

well DXY is at double bottom, looking bullish on htf

[grizzled socket]

draw and check mate

[soft void]

so i prolly short the retrace up

unless dxy somehow flips back to bearish

[grizzled socket]

dxy is tricky sometimes

[soft void]

yea true

[dim hornet]

what os dxy?

[grizzled socket]

i using this often to make direction my pairs what i trade but can be tricky bastard

[soft void]

dollar index

[dim hornet]

got it

[soft void]

most use it as an inverse correlation indicator

[dim hornet]

riht

[soft void]

new OB at 50ema confluence for scalping short

well thats if it bounce from here lmao

[dim hornet]

after hitting my sl gold is bouncing back,lols

[soft void]

SL hunt lmao

[dim hornet]

what about usdjpy?

is this good time for short? scalping setup

[soft void]

looks like long

at pullback

[dim hornet]

139.400

retracing from 139400

[soft void]

well dxy retraced that pump lmao

wtf

prolly reloading pump lets see

[dim hornet]

i guessed, but my sl was at 1749.20, got hit

[soft void]

yeah was at demand zone, made sense

[soft void]

moved SL to BE, overall structure looks bullish, gotta be careful with this one, gold's not really correlating much with dxy atm

DXY close to resistance again too, prolly not much room left or gold downside too

[tawny sandal]

@echo kiln what type of candles coloring do you use?

I'm currently testing the PAC one instead of the signals one, looks better for now...

Because i think there's a little problem with the signals when you backtest... Everytime you set a new agility and sensitivity (as they update from the optibot), the signals and coloring on the chart are re-plotted, so the past data are not the ones that you would have seen in live, but a re-calculated version (more precise than in live).

What do you think?

[echo kiln]

I do not use signal settings myself. So the printed signals on the chart are insignificant to me. I’ll turn off the signal mode or set automated for long term. I use Lux premium confirmation colors.

[full condor]

lolz, you are awake 😂

is it because of overlap 😂

hey, your TV alert on phone doesn't send push notif on my side?

redid all alert via TV mobile, but phew

doesn't even show a log lolz

[summer wedge]

I use the PAC candles too ...

[proven prairie]

Closed gold at 1747.
Hope you guys caught some of that down move as well...
enjoy the weekend.

[soft void]

yep TP'd short

now looking for EURUSD short

[tawny sandal]

Yeah man, that's my point... The premium coloring adjusts along with the agility and sensitivity (like the signals)... So it may give you a different bias, depending on when you decide to change the values with the optibot updated ones...

For example, yesterday, at one point, a group of candles were green, signaling an uptrend strenght... After an hour, the optibot updated with new values... Inserting the new data in the algo, the candles were not green anymore, but almost purple, signaling a not confirmed trend...

If you would have entered a trade with a bullish bias, would have been a wrong one just an hour after.

The PAC coloring, it's based on market structure (i guess) so it remains the same as it develops... That was just my observation, maybe it could help you too...

but hey, if you haven't noticed any kind of problem with your current setup, it's even better👌

[echo kiln]

for me, I like auto, as it gives me a little bit smoother color action. But the candle color is not my #1 trigger to get ready. Its actually the neo, once neo turns, then game on

• Dam, couldnt break below usdjpy pdh and OB, bounced a few times, only 4 pips, I wanted that 10 pips, dam dam dam

[echo kiln]

and yes, I do like the pac candle coloring, and I agree with what your seeing in both, pac or lux premium coloring with auto or opti. I dont disagree and it does have serious merit. so what I do is, at the end of my trading day (when I tell myself, im done), i will go back and backtest my trades and turn on and off the pac coloring to see if that would had helped me in avoiding my losses or help me confirm my wins or confirm any other missed entries. so yes, i do agree with you, but on the other hand, if i use the lux premium colors, there is also the pac printed market structure labels i can use instead of the pac colors, means the same, ut maybe a few more seconds to interpret.......

It's easy for me to visually backtest my trades because I have my live Oanda executions printed on my TV chart. This is priceless as I can accurately backtest. If I had a separate broker account not integrated with TV, its a little tough and cumbersome to backtest with my TV chart and my broker chart, as they are not in sync

[full condor]

placed last trades with premium as selling point, let see what happens lolz

Just my 2 cents.......use muted colors on candles to better see the tools of PAC, further it will give you clear price directions - visually

[echo kiln]

but I want the bright pretty colors to be cool.

🤣

[full condor]

for example, you guys like gold so much and trading in fast pace.....here you will have visually see the price movement clearly.....not just me but statistically - colors play trick on our mind....

[echo kiln]

we dont like tricks

[full condor]

exactly....with having too much color on chart....this will be to your disadvantage

[echo kiln]

@tawny sandal I also feel that the pac colors or smc moves gives an early exit on most of my trades, makes it a little safer. This is what I am noticing, so far

[full condor]

some use only 2 colors like green and red...... and TBH they are some of the highly profitable in FTMO

[radiant heron]

hey guys I'm new here and already tried out and backtested the price action indicator... which pairs are the most profitable from your experience?

[echo kiln]

how about just turning of all the candle colors, and just have your pac on the screen....now this would be awesome and you can start a whole new trading cult with this technique

[tawny sandal]

yeah, they are so good... I have the reversal zones enabled as well... i have paid 1000$ so i want it to show on my chart 😂

[full condor]

none mate, they are all the same 😊 ✌🏻

[echo kiln]

🤣 That is true....if yu paid $1k, even you dont use it, you dam well better show it on your chart

[echo kiln]

that is the holy grail that we are trying to find our ourselves.....

[radiant heron]

ok thx 🙂

[full condor]

stay with majors, they are more liquid....to avoid whipsaw

[radiant heron]

so only high percentage/probability OBs?

[full condor]

how you define high percentage OBs? by the time you see high percentage then you are late 🙂

[tawny sandal]

i did a research some time ago, looks like gbpjpy is the most trending ... I actually like it a lot

[radiant heron]

I mean the percentages in the boxes

[radiant heron]

ok nice gonna backtest it

[full condor]

I don't even have "show metrics" here 😊

[radiant heron]

I found out that btc on 15min was quite accurate when you follow the trend after choch

[full condor]

I like GBPs since it has big pips movement.....but be cautious though

its on the top of my watchlist 🤣

[tawny sandal]

put it that way man... If you like to catch some pips like 10 or 15 , you can catch them on a lot of movements, even the retracements... Just make sure to trade the most active hours, and have a good confluence... Usually catcher, macd and coloring

with pac tho and ob, you can stay in more for bigger moves

[echo kiln]

looks good on visual back test, but in real time, those same trend moves could be bursts, and what if your on the wrong side of the trade, would you have time for your brain to tell your finger to click your mouse to exit? crypto is good, if you know how to master it...

alot can happen with btc 15m, could go up or down by $5,000 btc

[full condor]

actually check the zone (accu/distru) it will give you idea about range zone

then as you know for every range, follows markup or markdown

[echo kiln]

luckily I closed out my small short usdjpy, still not able to break below pdh ob

[full condor]

the marking of zone is still not perfect, I mean still lots of hits and misses...but you can identify others by turning on the zone.....this will give you idea how to spot other zone that is not marked

[tawny sandal]

seen your pdf, nice table 🤝

i'm tryin' to choose the most accurate tools from the 3 algo indicators... I'm nearly there

[full condor]

check this, even w/o OBs...you can see nice big moves

[summer wedge]

muted meaning?

[summer wedge]

you should just share your template with us mate 🙂 🙂

muted i am guessing no colours, mono right?

[full condor]

on the left side, there should be marked zone there then it follow by markdown
nevertheless, the swing bearish BOS identify a big drop movement

in the middle there is a swing CHoCH there followed by a big upside move and from there it follows by little moves with internal BOS and CHoCH

[coarse fulcrum]

@full condor has earned the Lux Ultimate role!

<@!513962607544107008> just levelled up

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

[full condor]

yes as I like to see how price moves without the influence of red and green which sometimes blur what you need to see

[summer wedge]

got it, will give it a try tonight .. thank you mate

[full condor]

then if you add OBs here, it would even make you see where's the range and potential bounce and big moves

[echo kiln]

@full condor Welcome to the Ultimate tag, you made it....enjoy your stay with us...

[full condor]

another sample for GU on H1

1.) Swing BOS will alert this
2.) the alert you will received it here since alert is fixed on "once per bar close"
3.) so you will enter here

thus giving you roughly 179 pips

I mean there are so many ways this freaking genius of LuxAlgo Premium Price Action Concepts that you could take advantage of....and it is still in infancy..... imagine if you get used to it and they released v2.0 🤣 🙏🏻 🙏🏻 🙏🏻

just take note that Internal is for quick trade.....while swing is for a longer hodl.....thus Swing or Internal 😊

yes I know sometimes dashed will give you a nice setup thus can be hodl....but there more scenario that it is not the case.....

[echo kiln]

you can sleep through the night while your in a swing position?

or with one eye open?

[full condor]

everyone loves gold or most traders here

here you just turn on the swing OBs
1.) Swing OBs
2.) I think up to this candle is the confirmation then Swing OBs will drawn (it is not lagging, it is confirmation as OBs doesn't repaint)
3.) so you enter trade here
4) that's about 15k in pips.....maybe that will meet up your quota for a month

apology I hog the chat room again

[echo kiln]

15k pips? wtf

LOL

9-10 days trade, my heart cant take it

🤣

[full condor]

well you will not exit since there is no scenario that will shake your nerve

[echo kiln]

with this trade, this is true, on the 3rd day, i had a special step in my walk...

on the 5th, everyone can kiss my a**

[full condor]

and the good thing is, those drawn objects by PAC is not arbitrary, for me placing manually Fibs or Elliot Wave is arbitrary , its subjective

[echo kiln]

THIS I do agree 100%

everyone always asks, "where did you start your fib....and why not there instead of here"

[full condor]

indeed

happy weekend everyone........my bases are getting destroyed by some german groups lolz......

take some diversion while trading so you don't need to keep watching your trade.....

apology for hogging the chat room

[echo kiln]

This is perfect, this forex room was a little muted and always the step child with the crypto folks, now this forex group is keeping pace and holding it's own

[full condor]

well all my bases are dead, hahahaha....but 24hrs I can attack again

@echo kiln check this one your favourite

using only Swing OBs, you are most likely to enter on bounce of support trendline, then next day you eating turkey 🦃 and drooling on some beers and chips....then next day while having massive headache....I will keep buzzing you as you need to close the trade....that's about 300 pips

[echo kiln]

hot dam....🤣 🚀

[echo kiln]

@full condor on the H1, if there is no trendline formed to watch for the break, theres no trade? you only wait for trendline forming and then the break and then watch for the retest entry?

Im trying to see when can i enter in real time, as these trendlines are fluid as price proceeds

tough

[terse haven]

I’m scalping gold but I think she gonna come up much higher on a Macd cross up on the 1hr , 1780-1800 next week maybe 🤔 still bullish on daily and 4hour

[full condor]

Trendline are just my supplementary bias, if I will use TL then I will give more wt on fully bar crossed than bounced on TL

I am more of supdem traders so....

I will look for OBs (Swing first then Internal)

HH HL LL LH >>> BOS, ChoCh (swing 1st then internal) >> will also take note of PWL PWH PDL PDH

wait let me ss something

1.) I will enter trade here because of
2.) this OBs and This Weak Low (HL)
3.) my TSL (trailing stop loss) was hit here
4.) I did not trade this scenario
5.) I entered another long trade here because of nearness to no 2 reason and fully bar crossed of TL
6.) my TSL was hit here again

then EOT (end of trade) - almost market recess

I avoid having open trade during market recess since Monday morning always plays the sentiment of weekend

[echo kiln]

NIOCE‼️

[full condor]

maybe XAU will play like this, just maybe

[echo kiln]

market recess meaning? weekend?

[echo kiln]

ooooohh, vol prof

[terse haven]

Yea I see that happening I definitely think around 1800-1830 will be touched before dropping back down

[full condor]

1750 - 1850 is quite respected area

look how noob I am, I have this pending order.....

look what happened

[terse haven]

I rarely use limit orders , i rather set a price alert , then market buy/sell if the setup is right

[echo kiln]

dang, didnt get filled? you lose

🦋

[full condor]

I am trying to avoid FOMO..... still training my emotion side of trading...

[summer wedge]

have you ever noticed the BOS or CHOCH+ hasnt worked and how did you mitigate that?

[full condor]

I think yo focus too much on smaller price movement....try looking at Swing structure first.....

[summer wedge]

meaning on 1hr and above?

[full condor]

like this one......you will see too many internal structure but if you focus on swing structure

then yo have a cleaner bias

[summer wedge]

so how did you clear it out? did you choose none in the settings?

give me 2 mins

let me read your charts

aha you disbled internal structures ?

disabled internals and enabled swings

[full condor]

the left side Swing OBs is your 1st trigger, followed by that left side BOS...that drop on higher part<<<<< there was OBs there that was mitigated.... and TL that had been crossed

so it will trigger your sell side

you can see on replay

[summer wedge]

in more plain english? 😂 i am trying hard ... so on the above pic, the left side order block meaning the green block at the bottom .. followed by BOS

but didnt understand - there was OBs there that was mitigated.... and TL that had been crossed

[full condor]

what I can suggest because of PAC drawings, you can now clearly see the range.....try to identify them as it will always follow a big move

[summer wedge]

understood

so you play the range?

or break outs?#

[full condor]

I avoid them....

[summer wedge]

hows your chart much more cleaner without internal blocks?

mine looks like this

[full condor]

I don't need the metrics and internal buy and sell activity

it muddy my fickle brain

[summer wedge]

ya know what you mean

[full condor]

then I like muted candle color

[summer wedge]

what number you use for swing OBs?

[full condor]

likewise on Market structure, I change the color of Internal vs Swing so I can identify quickly which is which

[full condor]

default is good

just the coloring I change

[summer wedge]

playing with the settings now

[echo kiln]

@full condor do you use any other bottom panel osc indicators for confluence?

[summer wedge]

good question

[full condor]

no mate, hence the name PriceActions 😂

WTF lolz

that's why better to avoid low liquidity session

@summer wedge look at this, on why you need to marked those range

accumulation then markup

[echo kiln]

how did you show spreads on your chart?

[echo kiln]

your gonna turn me into a PAC trader soon......dang

[full condor]

oh that is cTrader....but I think there is some for tradingview

[full condor]

whether you like or not.....I will

[echo kiln]

oh ok, ills search around, not a big item for me as it shows on my DOM

[summer wedge]

looks like me too

[full condor]

Hey buddy, I know you are closed with the green guy.....

[summer wedge]

got it

[echo kiln]

I would more than welcome that, I know I can technically do it, I just need to keep my heart and blood pressure in check during these swing big moves

[summer wedge]

this chatting here amazes me how good lux PAC indicator is ..

we need to know this indicator inside out , @full condor

[echo kiln]

whats this talk about renko bars?

[full condor]

just a friendly reminder on some PAC suggestion

1.) Alert on Premium / Discount (prolly with user input distance)
2.) Trendline alert when bar crossed "fully" above or below
3.) small rangebound identification (more like internal vs swing structure). GBPCAD have a 2 day rangebound before doing a markup yesterday.
4.) show Zigzag when enabled even though Show Accu/Distri zone disabled
5.) Alert when OB's are created. (Swing / Internal - Bullish / Bearish)

do you mind to follow up on above items @echo kiln 🙏🏻 🙏🏻

😂

no don't use renko

[echo kiln]

for the zig zag, i think it doesnt plot fluidly, only plots the full zig zag once pattern completed? not sure, havent noticed

[full condor]

just take note that when OBs is created it is about 3-5 candles after....this is for the confirmation reason and not about lagging issue

[full condor]

it will be nice to identify small range bound also

most likely it will be 5 candles after it alert or identify small rangebound, again for confirmation purposes

but good enough since we can still have decent profit on markup / markdown

[echo kiln]

how would you use it? no way to avoid this zigzag zone while price inside the potential future zigzag zone? or you use it for up or down move for accum or distrib direction later?

[full condor]

if it has prolly the alert will be on A

[full condor]

if I will be honest..... and no offense intended..... that area need to do some work

I mean like this one

or like this one

[true ember]

just joined lux algo 2 hours ago. i mainly trade forex. EURUSD for the most part and some gold. anyone got tips on strategies i should look into?

[full condor]

welcome

[summer wedge]

like what work?

[echo kiln]

i think he meant coding work for tweaks by alex and gang

[summer wedge]

yea but what needs tweaking i mean

[full condor]

If you notice, I think they use 5 pts on Zigzag which maybe to identify diff pattern like HnS double bottoms double tops blah blah blah

hey guys 3:30am here....be back soon

have a great weekend

[echo kiln]

chat later

[summer wedge]

chat later mate

[echo kiln]

not using bottom osc's will be a total change for me

total completely change the way I trade

[rare zenith]

Price Action sharing some top quality infomation, makes things a lot easy when you have a community that speaks a lot

Just spent the last 30 minutes reading the chat today so appreciate it when people share value!

[echo kiln]

Yes, its good stuff.....he keeps it simple....

[halcyon owl]

👍

[neat oasis]

Exactly. That is why I am dubious about the new backtesting tool. Changing the sensitivity and agility in hindsight doesn’t really provide solid validation on a strategy.

[tawny sandal]

no man, you don't need it at the moment... It's only beta and without valid TP and SL options

[silent badge]

@terse haven how was ur trading today ? I managed to catch the whole move i told u about 😁

[echo kiln]

it didnt happen if there's no screen shot 🤣

just joking, all good.

great that you caught a ride to end the week

[silent badge]

Let me just show u todays one haha was a good day despite thanks giving

[echo kiln]

just todays? dam, how many did you catch this week?

[silent badge]

That’s just one of the accounts but I copied traded it into 3

[echo kiln]

nice job!

[silent badge]

The biggest wins were ok the 200k funded one

Thank you man ! Hope You smashed it aswell

Next week will be interesting 🔥

[echo kiln]

nawwww, im not big time like some of you folks here with the huge runs. im more of a sniper stealing 5-10 pips. once i perfect it, ill load up on my lots...ill send screen shot, its was a weird trade today

[silent badge]

That’s good aswell! You doing great man specially trying to master a strategy once u master it u will make even more !

And u can find multiple other things which works for you and your style

For me it’s been years now that’s why it’s just good now 😁

[echo kiln]

Today I wanted to try something different. Based on 1H short trend, I used the auto trendline and hyper for an entry, and used the 1min for a quick exit using the same, but PAC levels to tell me to close out before my target.

[echo kiln]

yup, takes years of blown accounts and frustration and time off to finally see the light at the end of the tunnel....

[silent badge]

@echo kiln what I would try to do aswell is enter like 3 positions make sure ur first is the smallest lots one and others u can try and get at better price than ur first are tiny bit more

And u can hold ur better ones longer

And scalp ur first one

[echo kiln]

on the 5 min, price below hyper, auto trend just turned short (I think, as its fluid and changes during the action), BBbreakout printed short. Then took the entry on the 1min

[silent badge]

Yeah of course always try to also look at 1h time phrame and see which direction it most likely to go

Makes u more comfortable

In ur scalps mentality aswell

👌🔥

[echo kiln]

yes I agree, too bad TV doesnt have this type of trade management bracket for multi positions, as I trade direct on my TV charts with Oanda.

I asked TV and they said maybe later updates (heard this story before, LOL)

[silent badge]

Ahh that’s a shame ! That’s why I always try to do as it’s the safest 👌

Try maybe lqdfx broker or Iron Fx

They really good

U can do whatever u want

With amazing leverage

And u can trade everything

With best spreads

[echo kiln]

@terse haven your week results post this morning, thats insane‼️ If i had a middle finger emoji now, I would used it now 🤣 🦋

[tawny sandal]

🖕

[echo kiln]

[tawny sandal]

@echo kiln we need to master that PAC shit... i'm telling you this... we can make one trade a week and be done

[echo kiln]

I know I know, dam it, just not used to swing trade for larger targets, dam

i guess I can try it with 1/4 or 1/2 lot size to make me feel comfortable at first

[tawny sandal]

you can still use it on the 5 min... price action = universal... that way you can still day trade not holding overnight

[tawny sandal]

that's for sure

[echo kiln]

I tell you what, I already have my PAC TV layout saved and ready to go 🤣

[tawny sandal]

same here... i'm already thinking at the steps to enter for monday... i'll let you see my definitive setup with my rules by then 👌

if you have more time during trading hours, i see no problem using lower timeframes man

[echo kiln]

what TF charts you watch on your layout?

[tawny sandal]

you trail your stop and you're good

[echo kiln]

D, 4H, 1H, 15m, 5m ?

[tawny sandal]

5 min it's the main one... and i keep the multi-timeframe dashboard to watch the choch of the 1H and 15 min (above the other 2)

[echo kiln]

nice

[native mirage]

Does anybody successfull here using lux trading gold. ? Can i ask the settings and strategy please. Loss too much hoping can make it up

[echo kiln]

there should be a few traders here that do gold....

[full condor]

Dude, stop targeting 5-10 pips otherwise I am gonna smashed your 🎃 🤕 to 🎅🏻 🦌 ass 🤣

seriously, stop it.......do ** intraday ** (since you like quick results) and target min of 25pips to as high as 100pips. Teach yourself to be not too reactive on price movement.

[echo kiln]

im actually trying to configure my PAC layout right now

[full condor]

remember when we are chatting in wee hours this morning

[echo kiln]

yeah yeah....i suck

[full condor]

saw that opportunity then I told myself, what the heck....anyway I am wasting my time with this @echo kiln as might as well throw some bone to the dogs 😂 , made that last trade

[echo kiln]

so how is your TV layout?

[full condor]

damn you got premium account on TV

wow

[echo kiln]

what TF charts you have open to watch?

[full condor]

only pro so 2 charts only

[echo kiln]

yes premium 🌶️

[full condor]

H1 and m5

[echo kiln]

how can u tell i got premium?

[full condor]

wait let me bring up the chart

you messed it up last night hahaha

[echo kiln]

TV has the sale, cant beat it

[full condor]

yupp added another 13 months, 64HKD a month it is like paying 1 premium set lunch a month, FTW

left is interchangeable to H4 / D1 but mainly stays in H1 for alert

[echo kiln]

how did you get the clock to plot the background colors?

which clock did you use?

[full condor]

which one?

[echo kiln]

on 5m

[full condor]

the bottom right?

[echo kiln]

yes

[full condor]

oh wait

https://www.tradingview.com/script/QH7jc8Tx-Analog-Digital-World-Clock-by-DGT/

[echo kiln]

is it plotting the background colors on main price chart? or thats something else?

[full condor]

that's another.... do you know how to create new script?....Well I guess you know....I will send you script in txt format for session and the csi on the left

CSI is mainly just for reference.....extreme positions of currency makes it quickly give me a hint for a possible reversal

[echo kiln]

cool!!!!

yeah i know how to create script

[full condor]

do you work during weekend?

[echo kiln]

not really, im a Realtor

🤣

i work when i wanna work

biotches