💱forex-chat

[echo kiln]

LOL

[full condor]

oh nice..... do you watch those fake realtors story at multixxx? 🤣 ....just joking

[echo kiln]

ha

[full condor]

I am looking at BU

check those big drops and currently it is ranging

possible big moves coming

so either way....prepare to enjoy the ride

don't be a Hodl'er

just ride it out, get out when you can, as they always say >>>>TP when happy, do not be Greedy

[echo kiln]

what drew the yellow range zone box?

PAC zig zag zone?

how did the yellow box extend to the future if that is the zigzag zone box?

[full condor]

I drew it

[echo kiln]

Aaahhhhhh.

[full condor]

waiting for this mate, will ride it again

[echo kiln]

Im routing for you ‼️

[wary coral]

Hi guys. Please tell me some good and proven binary options broker

[proven matrix]

Hi guys. I am a beginner. Anybody tell me the best and relatable Forex exchange?

*reliable.

[stray dome]

would u guys recommend really volatile or rather stable pairs?

like my argumentation is that high volatility means higher margin, but more risk

and stability lower risk, but lower margins

[echo kiln]

abc 123 hh hl lh ll bos choch

[summer wedge]

how mate, pls explain

[tawny sandal]

Because @full condor does not use an oscillator in his strategy... It's only price action... But i don't think that the MACD would be a bad choice tho... It can help you avoid the little consolidation that sometimes forms at an order block before the price starts to move...

For example, in case of a bullish order block, instead of enter right away even with a red MACD, you wait for the MACD to cross and turn green, then you enter

[brittle compass]

Hello gentleman. I'm looking for a good strategy config on Forex for the backtesting system.

30 min+ time frame

[tawny sandal]

Contrarian Mode ON

For a buy:
Smart trail bearish
Trend catcher bearish

For a sell:
Smart trail bullish
Trend catcher bullish

Take profit with the exit

[brittle compass]

interesting. What I'm currently testing is this..

[coarse fulcrum]

@brittle compass has earned the Lux Level 1 role!

<@!194611713515978756> just levelled up

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

[brittle compass]

I'll check out your config. thanks UGG.

these are the results from updating UGG..

I might have something wrong. can we compare config with your screensshot?

[tawny sandal]

I'll ping you my results when i'm on my pc, don't worry... I used 5 min and gbpjpy for the test... Got an 88%.. but it doesn't mean much in my opinion

[summer wedge]

ah i get what you mean ...

[brittle compass]

on the 5min it makes more sense.

What is the better approach for consistent gains if the 5min doesn't mean much?

[echo kiln]

I have ALWAYS used bottom panel oscillators for confluence. It will be a total mind shift to look at potential areas for targets, and less on immediate precise action. not sure if this makes sense 🤣

[summer wedge]

ya man, need to study pac properly and try different settings, i use the oscillators already

i need to understand how people are nailing it, some amazing profits shared in #💰share-profits

[echo kiln]

Exactly, how are these people stealing huge gains. Crazy unreal. I am still happy with my 5-10 pips a day, and nothing wrong with that. But I will try and learn this PAC as well

[terse haven]

Sup fam I was out on a trip for thanksgiving so wasn’t too active here this weekend , just seen some middle fingers shot at me 🤣 @echo kiln

[echo kiln]

🖕

🤣

you posted some crazy wins !!!

[terse haven]

Lol 😂 they added the emoji crazy

[echo kiln]

i wanna be like all you PAC people

dam

the real cool kids club

[terse haven]

PAC is the way to go , I’ll share some setups and trades I’ll be taking this week

[summer wedge]

i am interested to see them too @terse haven 🙏

[echo kiln]

I am the student NOW

[summer wedge]

learning should never stop

[livid compass]

Does anyone know how to setup alerts for smart trail?

[terse haven]

I haven’t tested the alerts on smart trail but maybe this will work

[tawny sandal]

Mine are pretty similar on the 5 min, so you used the right settings

I'm not saying the 5 min doesn't mean much... The backtester doesn't mean much... For example, in your setup you have the tracer bullish and trend strenght with the contrarian mode... So it means that now you must do the opposite to get those results... So, from now on you will start to buy when the tracer is bearish, with no stop loss, close when the tracer turns bullish and viceversa?

I don't think so... Even with my version, where i have used the inverse of the contrarian to get those results... I will not buy on bullish and hold with no stop until it turns bearish

Don't focus much on the backtester, for now has no utility for me

[tawny sandal]

Yeah man, we would love to see them👌

[azure lake]

@livid compass that would work, make sure to use "once per bar close"

[full condor]

I am not against any oscillators or other indicators....if that helps you...by all means use it..... What matter most is to stay profitable but we must stay consistent as well with proper RRR. Let's aim to have winning formula that even our win ratio is low yet our profit is sustainable..... I would take 5 wins 5 loss if my profit is up by 60% than 8 wins 2 loss then my profit is only about 35%

My suggestion is to prioritize Swing Structure over Internal (this needs tons of patience which I do see lacks in almost all cases here). And never enter right away, when OBs are created, well you can't anyway since there is no alert currently for that unless you're eyes glued to your chart. Use Limit order over Market Order / Stop Order. This will help you battle that emotion sides of trading.

I mean isn't much clearer

and do take note that OBs will be created few candles after, why? it needs data for calculation and confirmation....as the way PAC setup >>>>> OBs doesn't repaint

let say you want to trade the upper right zone (Wed - Fri)

then check the LTF (maybe m5 or m15) for your sniper entry

you will see that price will retrace and you will have a better entry than placing a market order

[tawny sandal]

i think you can man, this is from the call function, to set the alert

[full condor]

there is no OBs alert when created

OBs alert currently triggered when mitigated

likewise it will be nice when price candle is fully crossed above or below the TL zone when it trigger the alert and not when price is still within TL zone

[azure lake]

I commented previously on this, you can get alerted when ob are created trough swing structures

[full condor]

I will check on that but haven't received any alert of that nature since day v1.0 on H1 timeframe

[echo kiln]

for this play, are you waiting for price to hit strong high OB on 1hr, for a short entry, using m5 BOS to down side for sniper short?

[azure lake]

Structures alerts should be working as expected, maybe you have set for swing structures, which can take a while to be created

[full condor]

appreciate your response, I will post it once I have any OBs alert on Swing Structures, pretty sure there will be OBs on H1 this week. Do note that Alert are setup for 20 assets

not bragging just sharing....but using PAC alone with pending orders....it really help my trading

Alert was maximised

[livid compass]

@terse haven @azure lake thank you!

[full condor]

These are all the function I called for alert

[echo kiln]

for all 20 assets? dam your computer will send those piercing TV alerts every 2 minutes 🤣

yes i said piercing

i wish i could change the TV alert sound, or I dont know how to

[full condor]

I turn off the play sound on alert setting, turn on your push notification as you posted and just hook up pipedream on webhook for my TG channel shared with my son and cousins

I still haven't received any push notif though TG send those push notif 🤣 and not TV

[echo kiln]

https://tenor.com/view/burn-gif-22904862

[tawny sandal]

😁

[echo kiln]

didnt se that pull down menu 🤣 🙏

[full condor]

lolz, then I guess you haven't explore that email to sms alert

[echo kiln]

I def know about that 🤣

[tawny sandal]

you cannot test them tho... Must wait for an actual alert 🤷‍♂️

[echo kiln]

how would you play a trade on your 2 charts you posted? short once it hits Strong High H1 ?

[echo kiln]

AH HA, i know something you dont, you can test it, click the button

[full condor]

place pending limit order using price levels on LTF (m5)

[tawny sandal]

create?

[echo kiln]

whats the target?

[full condor]

wait let me ss

[echo kiln]

yes alert sound

[snow beacon]

Price action

Turk?

[full condor]

Yes I am a dork 😊 ✌🏻

kidding

[tawny sandal]

fuck... It's a play... Looks like an arrow

[echo kiln]

maybe 1st target is first green OB below?

[full condor]

you said short position?

wait

[echo kiln]

yes short

[snow beacon]

Do u watch Metekaplan

[full condor]

no mate, but he got lot of subs in YT though

I love reading so each weekend I wait for WellsFargo analysis for macro approach

[brittle compass]

Ok. I get what you're saying. There's limitations to the back tester as a strategy working in the real word in any time frame. Aside from that what is a good starting point on the 30 minutes settings for the buy/sell signals on Forex. There's always going to be a stop loss when operating in the live account of course.

[tawny sandal]

#🧪share-strats-indicators message

[brittle compass]

What has utility for you.

Yeah I saw that. Unfortunately @compact willow didn't include the settings rather just the results.

He's using the MACD as external. It would be much easier to just to take a screenshot of the configuration

[echo kiln]

also when going short, where do you place limit order? bottom of OB? top OB? or mid level OB?

[tawny sandal]

#💬hangout message
read from then on

[tawny sandal]

i want to master the PAC way 😁

[brittle compass]

ok. Seal posted in other channels too. thanks.

[full condor]

lolz..... you got no patience....hahaha ✌🏻

[tawny sandal]

he only added an external indicator, the rest is algo

[brittle compass]

ok. thanks

I have to start reading from the very top

[full condor]

1.) that's where I will place pending limit order....either of the 2 lines
2.) thats where will I place my SL, just above the zone

[tawny sandal]

from my link to down, just someone asks him about the settings and other indicator

[full condor]

then I let it run, let Ms Market goes where she needs to go....just activate TSL when you can, and how you want it to be

if you let it run and perhaps you activate either TP or TSL

you will get at least 100 pips or more in 2 days

or more than a day staying in trade

[echo kiln]

got it

[full condor]

unless you have a trigger point or bias in the upswing.....I wouldn't trade it

I will wait until it hit my zone on the upside to place another short position

[echo kiln]

whats your TP below? green OB's? or hard target pips?

[full condor]

I mean here

[full condor]

TP when happy 😊 mate 🤣

[echo kiln]

so that means 10 pips for me? 🤣

joking

[tawny sandal]

better not... he's happy too soon 😂

[tawny sandal]

yep, that's what i mean

[echo kiln]

you guys have to confidence in me 🤣 👀

[full condor]

TP is future......I can't really say where I want to TP........ that is why I do have TSL and BE activated. But initially I do set TP 25 - 100 pips if doing intraday.....depends on what levels I see

[full condor]

yupp we do have so much confidence in you and we are confident you lack patience my friend 🤣

[tawny sandal]

i would say tsl if you have time to watch during the trade... or set a line alert every 30 pips maybe... then you watch the action and decide

[full condor]

oh this is interesting, never activated alert on price level

[echo kiln]

agree, depending on the asset, as each pair has it own eb and flow, my TSL could be about 20-25 pips

[full condor]

I keep 3 open trades and using 1% of my account

max will be 2%

but never over

[echo kiln]

nice, 3 trades, and you know 1 of them will be a winner to ride out the 2 small losses

[full condor]

learned the hard way via FTMO😂

[echo kiln]

https://tenor.com/view/taking-notes-gif-23631832

[full condor]

you do PAC meaning Patience, Assess, Contrive 😂

[tawny sandal]

think of it that way... when you catch a 100 pip move, risking 1% on a 10 pip sl, you can lose 7 trades in a row and still be 30% in profit... (just using convenient numbers for my example)... am i wrong? @full condor

[brittle compass]

I just went through Seals complete post. It's very incomplete. I doubt anyone could replicate it

[full condor]

Please don't do that buddy 😂 , don't make 7 losing trades in a row

[echo kiln]

10 pip SL is kinda tight 🤣

[tawny sandal]

ahaha i would never

[tawny sandal]

not so tight

[full condor]

but seriously, when waiting patiently for price to hit your level.....you will reduce greatly your losing trade

[echo kiln]

depends on the assets eb and flow

what symbol is that?

[tawny sandal]

if you get an entry close to the OB the stop will be small 🔥

[full condor]

10 pips SL, sometimes work as seen on this

[tawny sandal]

CADJPY

[brittle compass]

no screenshot of the config panel i dare say it's probably fake

[full condor]

by the time you knew it, your SL is already in positive zone

[full condor]

it could be true, give the benefit of the doubt, maybe ask the guy directly....

[brittle compass]

Yeah. it could be. A bit obscure post. Oh, the guy is german that explains something.

[full condor]

but do take back test results not to be your holy grail. Actual trading are confronted with so many factors

[tawny sandal]

what panel man? he uses neo cloud, trend catcher and ultimate macd... all lux algo
then adds the supertrend and that other indicator called subhag gosh, settings below

#💬hangout message

[echo kiln]

@full condor 🙏

@tawny sandal 🙏

[tawny sandal]

I'm telling ya, we are gonna change the nick before Christmas... yours will be PriceAction_2, mine PriceAction_3, mark my word

[full condor]

also, do take note that some crosses vs majors do have the tendency of having larger spreads on low liquidity hours

[tawny sandal]

@full condor before this PAC update, how was your strategy?

[echo kiln]

type faster

🤣

[full condor]

SupDem, VPs, Wyckoff and I do have box automation via cTrader which identify range but after few candles so I placed my trades after few candles (dip/rally) already. But always, always will not enter the current candle, will placed around the opening of current candle

[tawny sandal]

ahahaha

[full condor]

I am looking on some of my bases, as I we didn't killed the fortress , hahaha

[echo kiln]

so it seems this PAC is much simplier than your previous strats?

VP could come in handy with PAC, maybe? confluence with OB's

[full condor]

oh man, make my life way way more easier.....imagine all those automation done for you

[tawny sandal]

it filters out some shit for you i guess

[full condor]

VPs is nice, as long as you read it properly.....you need to have footprints as well when using VPs

and VPs is boring.....hahahaha...you will not last a week, I can imagine

[echo kiln]

lets not go down this rabbit hole

it will never end

🤣

[full condor]

if you want to study indicators, try to check for NNFX....you do not follow his suggestion but rather will give you some ideas

[tawny sandal]

do you know that thing?

https://www.tradingview.com/script/xp9OdTFm-Volume-Profile-Volume-Delta-OI-Delta-Kioseff-Trading/

[full condor]

after watching him....it convince me further to stay in my comfort zone hahahahahaha

[full condor]

oh man do not show this to @echo kiln hahahaha

[tawny sandal]

🦋

[echo kiln]

JC

that does not go with: "keep it simple"

[full condor]

but on trade watch note.... let's wait for BU big move and ride the trend

[tawny sandal]

definitely not ☠️

[echo kiln]

i think Lux has some sort of indicator that shows inner candle crap, ill need to look for it

[full condor]

https://tenor.com/view/waiting-patiently-waiting-tick-tock-waiting-for-an-answer-waiting-for-release-gif-18116408

waiting waiting

[echo kiln]

look at you and your pretty custom colors

share your template

🤣

[full condor]

wait let me check how to do that

[tawny sandal]

are you into crypto?

[full condor]

not I am not trading actively crypto...if ever I enter a trade it will be just for BU

[tawny sandal]

maybe from there

[full condor]

TBH, I do not know up to now what catalyst to watch for bitcoin

[tawny sandal]

do you hold some?

[full condor]

don't mate.... EM can be a catalyst, or some hackers...or Ecuador 😂

too much variable

[tawny sandal]

the least you can expect

[full condor]

buy ETFs hahahaha

better

I bought some ETFs from this market

[tawny sandal]

i will expand... some Ray Dalio shit, some Warren crap, some dividend stocks... you know 😁

[full condor]

DIVERSIFY!!!!!

[tawny sandal]

yas

[full condor]

and here as well

I bought this and hodl for 45 days

bought 27 and sold too soon at 34.50....went up as high as 36....well as they say "TP when happy" 😂

[tawny sandal]

dang man, that's nice

[potent vapor]

When you get the alert for BOS/CHoCH that will be your alert for a new OB as that’s when they’re created

[full condor]

not really mate.... do be very careful on this..... they are different thing

[potent vapor]

#🔍feature-requests message

[full condor]

oh didn't catch that reply..... cheers

[neat oasis]

Today has been a great tutorial for me using PAC. Thank you.
Another indicator I like using (which is now in the LuxAlgo legacy indicator), is “predictive SR” (setting 2). Many times it predicts where the OB will be and if you have a SR line in an order block it is a good set up for a limit order for a price reaction.

[full condor]

Awesome!!!! keep it coming guys!!!

[neat oasis]

I am like Micky here- just trying to pick up my daily 10 pips! 😂 I would love to capture more and get all my pips for the week with a big move. But I have been burned too many times where my 10 pip profit has reversed on me.

[echo kiln]

we must have strength.....

I really do like the muted bars now, makes you focus on important levels and areas, as oppose to be numb to trend bar colors 🙏

[half wing]

SCALPERS UNITE

[echo kiln]

🤣 ahhhh shit, IM BACK BIOTCHES‼️

got side track, MF‼️

🤣

[half wing]

WE MUST FIGHT FOR 5-10 PIPS

[echo kiln]

OMG

[half wing]

ALL PIPS ARE CREATED EQUALS

[echo kiln]

https://tenor.com/view/fight-tug-of-war-pull-gif-18992018

"BB Breakout Lux" have a look at this indicator, dont discount the free Lux tools, you may find what your looking for, sssshhhhhhhhhhhhhh

[full condor]

damn you are contagious 😂

[oak oxide]

hey guys i just joined to premium i need some help like what is the good indicator to trade forex and what is tha good setup to trade ?

[tawny sandal]

Try to use the liquidity sweeps, significance 10... I turn it on and off so it doesn't clutter my chart... When a sweep coincide with an order block (very often), it's like a wall... You can be damn sure that the price will bounce and not break through

[echo kiln]

Interesting

[tawny sandal]

The significance 10 shows only the big ones and they coincide almost perfectly with the swings order blocks... From there, the move will be much bigger than from an internal order block only

[tawny sandal]

#🧪share-strats-indicators message

[echo kiln]

Looks simple. I like simple 🦋

[tawny sandal]

Yeah, i mean for someone looking for a rule based strategy, it looks like a solid setup, that's all

You are with a foot into PAC, so it's not for you... Keep adjusting your layout, this will be a week of 🔥

[echo kiln]

Don’t worry, I have 2 TV layouts ready to go. My original scalp layouts and my new PAC layout

But I do have a more open mind and underdog PAC now, we shall see. I’m thinking, if this is what I want, I can make it work profitable for me, no question

If you randomly give me a few indicators, I can study them and mix and match and come up with a good strategy. Always

The question is, would I like it and trade it everyday. Does it fit my style….that’s the key

[tawny sandal]

Yeah, that's one point... The other one is what are the differences? Time spent trading, profits per trade, ecc.

When you have more strategies that works for you, you must compare them and see which one returns the most with the least time invested... More living, less trading

[echo kiln]

I think I know that answer 🤣 and thats why I have the PAC layout ready to go. I will not fail at this‼️

[tawny sandal]

😎

[neat oasis]

Thanks for this! Looks great. Do you look for liquidity sweeps on higher TF initially?

[echo kiln]

where do you adjust to 10 for liq sweeps?

[echo kiln]

oh in legacy, i was looking in the PAC, so you have the liq sweeps turned off in Pac and use legacy liq swep?

[tawny sandal]

There are no more sweeps in the PAC... They are in the legacy now... Add the legacy, and turn on the swings, lux profile and the sweeps to 10... You don't have to use it all the time... It's an ON - OFF indicator for me, so it doesn't make a mess on the chart

[echo kiln]

oh ok, in Pac they have Liq Grabs, but no settings

[tawny sandal]

As of now, i have the order blocks alerts on, but i have not been able to test them yet... The plan is to get an alert, open the chart, see the order block, turn on the legacy with the sweeps and see

If the alerts don't work for some reason, the plan is exactly as you said... Watch the 1H timeframe every candle close (just some minutes every hour), when you get an order block, check with the legacy and then drop the timeframe for the entry... The 5 min will be the best for day trading... If you don't mind to swing trade and hold a position for maybe 2-3 days, you can enter on the 1H without problems

[echo kiln]

so you personally trade with 2 charts, 1H & 5m ?

have a 3rd muddy's the brain? and 1H 5m is good enough?

[tawny sandal]

Two is enough

[tawny sandal]

I still mark my chart with S&R starting from the monthly... Just the main levels... But you do it once a month and done... After that, the 1H for the big picture and the 5 min for the actual trade...

As @full condor said, if you don't want to stare at the 5 min chart to catch the next order block, you have to use the 1H... That way you can check every hour without missing the move

[echo kiln]

I dont hear too much about FVG's here in Lux? while everyone on gods earth outside of Lux treat it as gold. Thoughts?

[inner moat]

I wouldn't say they're gold, but no one indicator is. Just another 5% of a larger puzzle.

[echo kiln]

hate puzzles, can never find that one piece 🤣

[cerulean drift]

Hi all, quick question what would you say is the worst day to scalp forex, based on my analysis it's a Friday, any thoughts?

[echo kiln]

dang, crypto room getting heated, ill lurk in here 🤣

[echo kiln]

good question....tough to answer

currency in itself is range bound, as a countries currency $1 doesnt go to $1,000 in a day, and it doesnt go to $0 in a day. it pretty much holds its value give or take those range in pips....

so the key figuring out what those ranges are and see if you can take some of those pips with your own strat

so my answer to your question is, I dont know

🤣

[spice bridge]

Need some help with the price action premium. Im setting the volume inside the OB, in the buy/sell activity, the first box its for long volume and the second for shorts?

[past acorn]

correct it shows buying/selling volume with the green/red bars

[tawny sandal]

🤷

[echo kiln]

shhh, Luke is teaching his PAC in the vip room, come join

[full condor]

good morning 😊

Check chart for AU, NU or any commodities currency vs safe haven currency

there you will see gap opening, the very reason you don't want to leave open trades over the weekend

why there is gap opening right now?

Covid cases in China is getting worse, widespread protest ongoing. Russia / Ukraine war worsening again.

So how can we take advantage of this situation.... Use PAC to find for a "gap fill" that's need to happen😊

[full condor]

FVG is a must to know, that's the imbalances in the market you need to watch out for. As the LuxAlgo docs clearly stated, an imbalance created by this 3 candle sequence called FVGs are a possible magnet of price in the future.

So you can on/off this FVGs (this to lessen clutter in your chart) and maybe perhaps turn it to 30 for extend box and set mitigation to "NONE" so you can have reference for OLD FVGs.

Why I do not choose "always on" for FVGs if it is an important things to watch out for? I checked for them from time to time - take a note of possible FVGs that will be mitigated, but for me, there will be another tools within PAC that either will come up (OBs, BOS, CHoCH or other market structure tools) that eventually help me to trade "current" price action.

[full condor]

I just want to remarks on this

If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP, so imagine that 0.0001 is ONE PIP already, what more if Price says move to about 1.1151 - that's 100 PIPs already. Then imagine if you trade GBPs, these pairs moves in big pips movement.

But please stay away with exotic pairs 🤣

Ok overlap now, be back in a few

[echo kiln]

good to know👍

[full condor]

don't chase price or don't fret about this "gap filled" ...... but good to place some limit order now.... seems this will be an "exciting" Monday to trade

😊

[crystal pivot]

SMH missed an easy divergence for AUD USD on 1 min TF could’ve done 1 to 20 RR with trailing SL

I always miss the best trade set ups

🥴

[echo kiln]

there always the next one...just reload and be ready 🚀

[crystal pivot]

Yea 😕

[echo kiln]

your on a 1m chart, so be ready, should be another one soon...

[full condor]

92.3 AJ?

[echo kiln]

did you take any positions? im sitting on my hands for now in these over night hours...just watching my usdjpy as i am familiar with the eb and flows of that pair

[mellow crystal]

yooooooooooooo g's just bought the premium indicators

[echo kiln]

welcome big R

[mellow crystal]

yessuuurr

[echo kiln]

brand new to trading? or season vet?

[full condor]

no open positions yet but placed some limit

[mellow crystal]

I would call myself new 😂 but I know the basics

I'm using an EA atm for funded accounts

but trying to focus more on manual trading now

[echo kiln]

nice, then your at home here

[mellow crystal]

Yea saw the black friday deal 60% off bought it for 3 months

[echo kiln]

some of us are a pain, but we mean good 🤣

you trade forex?

[mellow crystal]

haha its part of the game

yeah mostly forex

any suggestions on which premium indicators to combine?

[full condor]

I for one is a nuisance 😂 , you will dislike more quickly than like me

[full condor]

go for PAC ------ FTW!!!

🤣

[echo kiln]

my initial analysis of usdjpy to the down side was correct before market open, but it didnt go up to fill in the above fvg's and the upper OB's on the 1H, i just tanked when the bell rang, dam

[full condor]

Placing a pending order before market resume will be a big mistakes

[mellow crystal]

haha that one been profitable for you? i'm gonna check it otu

[echo kiln]

i was doing homework in the other room for @snow beacon

[full condor]

Gap will push your order above or below further thus missing your entry level

[echo kiln]

no trades, just analyzing

[full condor]

document it so we can easy to ready lolz.....

[echo kiln]

i posted my chart in there...

[echo kiln]

#💬hangout message

[mellow crystal]

how long does it take before I can use the premium indicators? or is it immediately? it still says " this script is for invite-only "

[full condor]

should be realtime @mellow crystal

[echo kiln]

should be real quick, refresh TV?

delete indicators, refresh TV, and then favorite the indicators,

should be good from there...

if not send a chat in the vip support room

[full condor]

nice, FVG mitigated

[echo kiln]

yes, the green FVG, then it kept going, it didnt give a shit about the upper OB's and FVG's LOLLLL

its at weak low, discount on m5

[full condor]

I wish there is a "radio button" on chart where you can quickly "on/off" those tools 🙏🏻 🤣

[echo kiln]

not sure how i would correct this trade if I actually took buy position, to aim for the upper FVG's and OB's before heading down for the overall trend....

[full condor]

which one?

[echo kiln]

or I just eat it, and close it out for loss and wait

[mellow crystal]

Y got it

[echo kiln]

the chart I posted, what if I took a long position to aim for the upper fvg's and ob's 1H

[full condor]

firstly, you do not trade the opening, wait until the 1st overlap

[echo kiln]

no way to correct it right? just take the SL, and move on?

[full condor]

that is a panic hour, no need to trade

[echo kiln]

i know dont trade open, i wanted to analyze the chart itself

ok so in normal hours, then you think my analysis would be good to take that buy trade?

[full condor]

so being that, you will see there's a nice OBs on 1st hour of overlap

[full condor]

can you post it here, so I do not switch to other channel 🙏🏻

[full condor]

mate, the first thing I would do TA wise, is to check HTF

during weekend

to gauge the trend

being that you will see that UJ is downtrend on H4

[echo kiln]

yes 4h was to the short side, but i was guessing that the 5m would go long to fill the fvgs, and ob's, before heading down

[full condor]

so with that notion, buying on the market resumes seems illogical

[full condor]

not on market opening mate, wait until market stabilise

[echo kiln]

ok if during normal London/NY session, for this instance, if you have a choch to the upside on 5m, would you take the long to fill the upper fvg's ob's? for a quick 50-80 pips?

[full condor]

in stock market, opening and resumes (after daily market recess) are considered to be panic hour

let say this is during London / NY sessions....I would give respect to PDH since you are reading the H1

[echo kiln]

yes agree, but i was saying, what if you had this same set up during regular mid session during london/NY

oh ok

[full condor]

the "bullish" choch there on H1, is that what you are talking?

[echo kiln]

there was a bullish choch and bullish bos on m5

[full condor]

m5 is your sniper entry mate...... take your trade / trend bias in H1 or H4

[echo kiln]

got it, thought maybe there could be a quick counter buy scalp first, then place a swing trade to the down side.......

[full condor]

ok if you really want to trade that m5 price action...here will be my approach

[echo kiln]

ok ok, still learning how i can play this, i think i need to get rid of my old habits of scalp for a quick win and concentrate on the bigger picture

[full condor]

I would wait for Overlap, (remember I said awhile ago "Oh overlap be back in a bit")
next you will see a nice Swing OBs and Swing ChoCh there

[echo kiln]

ahhhhhhhhhh

[full condor]

then your limit order will be the average of that Int OBs

no way you can place a limit order on the Swing OBs unless you do market order

remember how they said that Swing OBs will be created when Swing ChoCh appear, on that arguments then no way to place a nice Limit order in last Swing Bearish OBs

[echo kiln]

👍

[full condor]

Do not trade Wellington and Sydney on its own alone....that's a very illiquid session

Overlap will be the best to trade, whether scalping, intraday or daytrading.....

1.) London / NY
2.) Tokyo / London
3.) Sydney / Tokyo

in that order.

So it means, change your work time 🤣 , and make sure you can work that overlap hours 😂

this is not a trade call, do not follow but you see where I placed my limit order for AJ

[echo kiln]

ok, the key for me, i should had waited for some move to the downside since 1H 4H were down trend, then on 5M, there was overlap of swing/internal OB's, and that alone should had told me to short this shit ‼️

[full condor]

indeed mate

in my other world of forex group, we used small m for minutes since M1 denotes Month

[echo kiln]

what are you seeing at 92.300?

im seeing empty waste land with no levels? LOLLLLLL

[full condor]

hahahaha

[echo kiln]

hmmm, must be data feed, i dont see that

dang

[full condor]

I use pepperstone as my source

it is close to my UK / Aussie Brokers LP

LP = liquidity providers

[echo kiln]

i got waste land

🤣

[full condor]

you got purple, that shit alone is telling you to go short....hahahaha...now you will not be able to place Long Position since you all see is Bearish price movement

🤣

AJ is the barometer for RORO

[echo kiln]

i know i know, my brain is still in the sniper scalp mode on m5 m1

[full condor]

since AUD is commodity currency and JPY is safe haven

[echo kiln]

hmmm, let me check the spreads i get on oanda with aj

ok its about the same

[full condor]

AUD is the representative of CNH which stands for China Renminbi Offshore

[echo kiln]

long live Ming Dynasty!

[full condor]

And China as we all know is a manufacturing country hence commodity currency

so if there is trouble in China, then it affects AUD / NZD / CAD

commodity currencies

[echo kiln]

dang, had i had the AJ chart up, no question id be taking a short, FM

[full condor]

this week is jobs report week plus it is month end flows (rebalancing), will be lots of price movement

[echo kiln]

= lots of blown accts

🤣

[full condor]

I still think downside to the USD, though there gaps need to be filled

MTD of USD is -5% (worst since 2010), so most likely indices will rally (SP500)

[full condor]

you will be ok with PAC, you will not blow your account for nth times 🤣

[full condor]

miss by 5 pips, urghh 😬

there is your 10pips quota @echo kiln , you should be done for today, 😂 🤣 😂

[rare zenith]

I never knew this, useful infomation

How do you get the time zones on your chart? Do you only take trades in those cross overs?

[full condor]

Just search for sessions on TradingView, quite a lot.

I would basically like to place trades on the overlaps (if permitted) but most of my trades are pending limit anyway.

[rare zenith]

Why is it better to trade those overlaps?

Liquidity purposes?

[full condor]

of course best would be majors, but depends on your risk apetite

[rare zenith]

Yeah i'm only looking at majors, metals and commodities

Thanks mate

[full condor]

Try JPY crosses, they are quite good also

[pulsar drift]

Just got the lifetime package last week. Any advice to newcomers (of the indicators)? Will be going trough all the official guides this week/today.

[jagged slate]

Welcome 🤝🤝🤝

The docs absolutely; best place to start; then luxAlgo YouTube

And Geckotrading

[pulsar drift]

Thanks!

[summer wedge]

thanks for this awesome explanation, you and @snow beacon should be in the mentor team

[summer wedge]

are you using the PAC candle colours?

[full condor]

I am just a noob, and I serve to the pleasure of @echo kiln 😂

[summer wedge]

done 👍

[summer wedge]

how can i have a fx calendar of this sort?

so easy and nice visuals mate

[full condor]

from Vantage, one of my broker 🙂

[summer wedge]

cool cool

thanks for all the explanation .. was going through them one by one

[noble briar]

can anybody help me for making good strategy for XAUUSD?

[summer wedge]

hi mate, quick question

at some point the price should cover the fvg at 10$ and 10.2?

[full condor]

My read is still bearish for today (gmt8)

it will eventually be filled, but need a push for it to be filled, so maybe not today

[summer wedge]

cheers matey

[terse haven]

Good morning

[snow beacon]

🧡

Gm javielito

[full condor]

Good morning, afternoon or evening 😊

[echo kiln]

whats shaken peeps?

[full condor]

still over 100 pips for AJ for it to close the gap

need to watch this pair 🙂

GU was closed in 1 session only, hahaha

[pulsar drift]

Do you guys use the opti-bot for signals sensitivity and agility or have a preferred setting? (trading the hourly mostly)

[echo kiln]

opti is more precise, but need to input everyday. Auto is set-it-and-forget-it, but maybe a little late on entries/exits but still good overall if higher tf's

[pulsar drift]

I see thanks, if basing entries on the premium indicator, you mostly set S/L at the swing lows vs a fixed percentage S/L?

[tawny sandal]

how is it going man? you're too quiet today 😁

[tawny sandal]

the BB breakout looks really good 🔥

[echo kiln]

shhhhhhhhh

🤣

just enough smoothness to hang on.....

add it to your pac

[tawny sandal]

already there 😏

[echo kiln]

enter on your pac trigger, and hopefully the BBB will take you for a ride to the next pac level

[mellow crystal]

do y'all combine the pac indicator with other indicators?

[tawny sandal]

for now, i think that the most consistent approach would be order block + enter with the trend catcher turning on the same direction... other than that, i don't know yet... an oscillator or the BBB

what about you?

[tawny sandal]

⬆️

[echo kiln]

as u know, im new to pac, so i need to learn it first before i start adding crap to my charts 🤣

[mellow crystal]

Ye same, i'm just using the default pac settings atm

[tawny sandal]

i think the catcher is the most useful element of the premium suite... so i'm tryin' to test if i can combine it with the PAC suite... all in test for now

[mellow crystal]

we can't get into the non vip chat anymore?? or do I just can't find it

[past acorn]

VIP is separate from public @mellow crystal yep!

[echo kiln]

we're special, no need for the public and the common folks there 🤣

[echo kiln]

looks good, I just need to remember and have strength to not muddy up my pac chart. if too muddy, then im back to my daily sniper targets, which is still not bad 🤣

[tawny sandal]

yeah, i have only the catcher and the SSL (that's a topic for another day 😄 )

so this one bounced perfectly on the order block below and hit TP

for the trailing of the stop, we can use the order blocks of a lower timeframe

[snow beacon]

I love ssl

[echo kiln]

ssl? tell me more 🤣

what about overlaying the Lux Premium candle colors....

there ya go

🤣

[snow beacon]

i even coded my own indicator based on ssl

lolol almost identical to lux lel

[echo kiln]

nice, just slap the neo cloud on your pac chart, and call it a day

👀

or keep it simple, turn on pac candle internal colors, clean chart

[tawny sandal]

yeah, man... it's elite 🔥

[tawny sandal]

https://www.tradingview.com/script/C3MlAWCw-SSL-Hybrid/

[snow beacon]

i coded my own conditions

now its much more accurate

[tawny sandal]

nice... share the code if you want man, i will save it as a script 👌

[floral ingot]

Hello everyone, I bought the indicators now. Who knows the best settings for gold?

[past acorn]

Hi @floral ingot welcome!

I’d recommend using the new Price Action Concepts indicator, default setup is incredible

if you want our overlays & signals: https://youtu.be/vpSjJpCpwSE

in terms of signal settings: see #8 in #🧠core-lessons

[floral ingot]

thanks smack

[past acorn]

no prob!

[tawny sandal]

@past acorn are you guys working on a solution for the alerts on order blocks creation or it's not possible?

[full condor]

Good morning PAC’ers

[full condor]

It was mentioned that when ChoCh or BOS appears then OBs are created as well

[tawny sandal]

Only for the swing ones?

[full condor]

Both

[analog locust]

Correct

[tawny sandal]

I have disabled the internal structure... I will enable it and check

[atomic stratus]

Hello from downunder 😁 I am new here, and to Lux and been lurking and learning for a few days. Not a new trader, but had settled very nicely into FTX Futures, and yes well...... let's just say I am having to change directions completely now & given futures options are otherwise very limited for Aussie's I am delving into Forex. It's very different....trying to pass a funded account challenge. My favorite indicators just don't seem to work like they did with Futures. But now I have found Price Action coupled with Trend Catcher, I am optimistic. Thanks for everything I have learned on here, especially from @full condor Cheers 🫡

[full condor]

What TF mostly you are using in trading?

If you are trading like @echo kiln 😃, then SwOBs is good enough

[echo kiln]

5-10 pips a day keeps the dr away, but you need to make sure you are on point with your game....you dont want a bad day to wipe out your weeks work

[tawny sandal]

Mostly 5 min for the entry and 1h or 15 min for a bigger picture

[full condor]

Welcome to the club of @echo kiln 😂

[echo kiln]

Pac Boys (and Girls)

The Packets

[tawny sandal]

🤙

[echo kiln]

🤣

[full condor]

PACkets!!!

[tawny sandal]

@full condor so, do you set alerts on 4h and 1h for bos and choch swing and internal?

[full condor]

Will be in trading mode in about 1.5 - 2 hours from now 😂

Tuesday PAC’ers, another great day to trade!!!!

[atomic stratus]

What's your opinion on price action and time frames, how reliable on lower time frames? 15M is my favorite thus far as I am a scalper for the most part, but thinking of moving up to 30M.

[full condor]

Anything LTF (m15 and lower) @echo kiln is the master 😃

[atomic stratus]

Thanks, question was for anyone in the know 🙂

@full condor I noticed you mentioned using trailing stop loss. Do you set these right from beginning of trade, or if price passes through an OB? What distance do you find works well or does it depend on pair?

[tawny sandal]

@snow beacon will release some videos on scalping with pac on ltf

[full condor]

I have this cBot that runs on my trading platform that automatically handles my open trade. So I set BE when price is about 25 pips in profit, then TSL is moving when trade is about 15 pips in profit. so my trade line will jump when BE is triggered then TSL will resume from where BE left off.

I do scaling in/out as well but not manually....it has been handle by my cbot

[echo kiln]

a little fancy pants, huh❓

[full condor]

it is really helpful mate, try it

[atomic stratus]

Great idea. I am using Pineconnector to send a range of closing alerts directly from Trading View to MetaTrader. With crypto I had an automation system set up using "Make" and webhooks. Another really clever and cheap way to filter alerts from an indicator is using Airtable. For example you could have a column for Bullish BOS and a column for Ob Mitigated, and a column for Trade Catcher Up. The alerts get sent via webhook from TV and change each column to true/false. Then the sheet can be set to send webhook to open trade on trading platform, only if all columns meet true. So kind of like creating an automated strategy from indicators. Then another sheet linked to the first one can automatically update open/closed trades/sl/tp etc. The possibilities are endless with automation haha. Just got to be really confident with the syst5em before letting ti run unsupervised.

[full condor]

smart, if I may add....focus on SwOBs, will make a difference

[atomic stratus]

Thanks, I have noticed but not sure how many I get with 15M charts. Am I understanding correctly that OB's are essentially support/resistance points? And best entries will be when the price passes through the OB and then retests and bounces off? What if it breaks the order block and the just rapidly keeps going? These are more risky?

[full condor]

if it breaks thru OBs, then OBs is mitigated....... though I prefer SwOBs than IntOBs

[worldly goblet]

Hey mate, you willing to share this?

[scenic crag]

Hello guys

What strategy do u use for Forex with LuxAlgo? I can’t finde none to work

🤦‍♂️

[snow beacon]

Order blocks are supply and demand. So yes behaves like support resistance but not by definition

[pulsar drift]

How do you guys use the OB's for trading? Are you mixing it with any other Lux indicators?

[rich vessel]

Use swings and watch how price reacts off them. If they seem to be holding look for whatever you look for and long/short/close

[pulsar drift]

I see, you mostly check the swingOBs and ignore the Int OBs?

[snow beacon]

Swing ob’s cause market structure break

They’re stronger than internal

But ..

If there is imbalance at or near the ob, it doesn’t matter which ob you take it will be good

[pulsar drift]

Thanks do you pair it with any other (lux) indicators for confluence?

[full condor]

I think the OBs whether Swing or Internal doesn’t need to be printed alongside when BOS or CHoCH is created. OBs can be printed much earlier. Currently, IMHO, it is way too late.

[atomic stratus]

So I understand correctly, it is the BOS & CHoCH that are being printed too late?

[full condor]

Nope

[atomic stratus]

Ah ok, so otherway around, the OB's are printed too late?

[full condor]

BOS and CHoCH are both fine and they alert on bar close

[full condor]

Yes

[atomic stratus]

That would explain why I had been thinking, there should be an OB when there is not yet one. Thought I was misreading the chart. Visualizing trend lines and support/resistance has never come naturally for me. Have been hunting for something like PAC for ever!

[full condor]

You can do replay and see when and where the OBs are printed while either BOS or CHoCH is printed

I think the OBs can be a few candles earlier

[atomic stratus]

Great idea thanks 🙂

[full condor]

So as earlier mentioned, currently the best use for OBs are for SupDem or S/R zone when price retest or respect that particular zone

And I think best if there are 2 separate control panel for OBs on user pref how they will be mitigated and an additional user pref of “none” (no mitigation)

Maybe I want my swing OBs will not vanished when mitigated and internal OBs to disappear when mitigated

The TL is as powerful as the other PAC tools, seems less ppl are interested on it

Like this trade, perhaps I would close my trade if I don’t see that support TL.

[copper lance]

Newbie question here: I see a lot of people saying to only risk 2% of your account per trade, does this mean you can put however much you want into the trade but set the stop loss at 2% of your entire account. OR, You should only ever put 2% of your account balance into one trade

[full condor]

say you have 100$ and you want to risk 2%, that means around 2$, so you will set your hard SL equal to 2$, but if you set a higher lot size, it reduces your hard SL level, so it will become tighter, if you use lower lot size, then you will create enough buffer just in case price start to goes against your trade, possibly will not hit your fixed SL

[placid star]

Guy which app can o use for forex trading on iOS

[full condor]

if you have existing MT4, you can still used it.....for new d/l, I think they banned already.....if ctrader works for you then try it

[placid star]

Thank u

[placid star]

Which broker can u conect it

[full condor]

https://www.spotware.com/featured-ctrader-brokers

[snow beacon]

OB's are formed as SOON as market structure is broken

[full condor]

nope

OBs are formed as SOON as market structure is created

check replay

[snow beacon]

no

order block is called order block once market structure breaks

to break market structure, insutution-level buying/selling orders must go through

otherwise any swing low/high is an ob lol

[full condor]

no actually, order block as the accumulation of orders from banks and insti which you and I have no access on it

thus creating range zone with high liquidity

[snow beacon]

thats not how it works but ok lol

[full condor]

this is actually the order block, accumulation which leads to markup

you can google it if you want, I guess you got google, well if you don't want...lolz

[snow beacon]

as you wish lol. Ive been trading order blocks for almost 2 years now

i gotta eat once im back ill show you what is a valid order block and what isnt

[full condor]

no need, you believe what you want to believe....

I am just a noob

lolz

[echo kiln]

😢

everyone needs a hug timeout 🤷🏻‍♂️

[summer wedge]

and maybe @past acorn can clear it up and confirm how the lux OB works, ie order block created once market structure breaks or market structure, insutution-level buying/selling orders

[snow beacon]

there is not even market structure break. oh my days. just keep doing what youre doing lol

[molten egret]

what's the best forex exchange?

[echo kiln]

where do u live?

[terse haven]

On earth lol

[echo kiln]

[molten egret]

Turkey

[echo kiln]

hmmm ok, the big ones are Oanda and Forex.com,

not sure what leverage they can give yu for Turkey residents, but you should be finding others that go up to 1:500

[molten egret]

Thanks.I'm searching.

[summer wedge]

hey mate, have you shared any setups and are you using PAC as well

[snow beacon]

gcmyatirim

[copper lance]

appreciate you

[pulsar drift]

I've noticed many people seem to be using countertrade mode in the share-strategies channel, do you also use the optibot settings for that mode?

[snow lagoon]

What is PAC ?

[snow lagoon]

@terse haven yo man how have you added PAC to your strategy along with the SSL and colour change moving average

[terse haven]

I actually removed everything else and only using PAC and oscillator

[snow lagoon]

As in the price action concepts? Which settings have you found the best results with on them?

[terse haven]

Yea price action concept I’m using the default settings and turned on everything, I’m always testing so I can’t say what’s best , as I’m always looking to improve myself , learning never stops

[snow lagoon]

Ye makes sense, still on the 5 minute tf ?

[terse haven]

Depends on what I want to do that day I usually stick to the 1hr TF and 15m for entries for a higher Tp target , for scalping I use the 5m and 3m

[snow lagoon]

Ye I get uou, what do you aim for in a percentage gain when scalping ?

[terse haven]

Scalping I have no set targets, i focus on my entries and I trail the trade , I just follow the market structure and trendlines @snow lagoon

[snow lagoon]

Ye I get uou and risking 2-5 % per trade ?

[terse haven]

Depends on the setup, but I base it on how much money would I loose on a set SL and size my trade based on that , i trade mostly 1 lot and have a $500 stop loss rule for myself , so I won’t loose more than $500 per trade @snow lagoon

I usually cut the losers short I never let it go to far against me

[snow beacon]

jesus $500 sl? what is your position size and tp xd

[terse haven]

$500 in loss would be a $5 move against me on gold with 1 lot

[snow beacon]

so basically ur stop loss never gets hit

and u are in trades forever

[terse haven]

They do get hit sometimes but most of the time they don’t , I try to get sniper entries and the $5 SL is only on a swing/day trade

[snow beacon]

oh in that case yeah, for swing day trade normal

but for a scalp is crazy

[terse haven]

For scalping no , I set SL at $1 move , but as soon as I’m in profit i break even and trail from there

[snow beacon]

awesome

do you close what % of ur positon at tp?

and keep what % runnning?

[true ember]

anyone got a 1 minute scalping strat for forex they would like to share?

[terse haven]

I close all at TP

Done for today , went a lil crazy with the lots but this a big account

[rare zenith]

One day🤞

[terse haven]

Be patient, don’t rush things , don’t lose focus , you and everyone here can achieve great things. Start with ur mindset and you will see progress

[ripe girder]

Hey guys can someone recommend any good and fast paying borker for trading

[native mirage]

Hey man congrats to your profits. Whats oscilator are you using?

[terse haven]

Thanks and I use Lux algo oscillator, the ultimate stochastic and the Macd

[native mirage]

And you use m15 to enter ? When both of them agree?

[fringe cloud]

@terse haven could you send a ss of your chart setup?

[terse haven]

Sometimes one will agree and the other not , I just use as some confluence but my trades are strictly using PAC levels

[native mirage]

Got you thanks.

[terse haven]

Yea but I’m not home I’m on my phone rn so a phone SS

[fringe cloud]

Thanks 🙂

[echo kiln]

dude, 25 lots on this sucker? wth? how large is your account? a few ticks against you will call your margin, no? thats nuts, but shit, I wanna some of that! 🤣

[ripe girder]

I need a good broker platform

[terse haven]

Lol I got a lot of funded accounts from 20k accounts to 300k , 25 lots ain’t that bad on the 300k account as long as I don’t drawdown 15k I’m safe , these are extremely sniper entries tho

I got 11 Mff accounts

[echo kiln]

why not trade your own money and earn 100% of your time and effort? 🤷🏻‍♂️ screw helping these props firms make money off of you 🤷🏻‍♂️

https://tenor.com/view/you-can-do-it-gif-25785004

[terse haven]

I prefer it this way because if I ever do end up loosing big it’s their money not mines lol

I have a personal account but I only use it on the best possible setup, that money I protect

[dapper jolt]

Impressive javielto

I am not ballsy enough for that short time frames

Too scared from noise

🤣

[terse haven]

In some way u are right, props make money from you but funded is good to get you started enough to fund ur personal account, I look at it as taking advantage of them for now until I’m ready to let go @echo kiln

[terse haven]

I’m not a fan of low tf either, but when price at a orderblock and or a FVG created on the 1 hour) I go to low timeframe to look for rejections , then take trade off the rejection

[echo kiln]

Then this I would agree with 100%, save up and go on your own

[dapper jolt]

To be fair i did that with some scalps on eur usd shorts around the 1.0380-1.0400

[prisma bluff]

@terse haven you are really pro. I keep losing money recently no matter how I trade

[dapper jolt]

Should have held a bit to take more but 2 scalps is like 40% of what i would have made

[echo kiln]

never understood why peeps do prop firms for all their life, im scratching my head, if they did this for a long time, they must be good, so why not trade for yourself and earn 100% of your efforts

[dapper jolt]

Good day for me 👍

[terse haven]

That’s a really good day , that’s some nice profit

[dapper jolt]

Yes just need to trade what i see

Dont trade what i think

Take small % trades

And grind it up

Blown up a lot of times to realise that the gauranteed trade is always not 🥲

Capturing 60% of a move is better than catching the falling knife

[terse haven]

I used to be the same and I started wrong , I been trading for 4 years and the first 2 years I lost over 100k , the 3rd year I stopped gambling and took time off trading and focused in knowledge and paper trading- 4th year successfully consistent, I never gave up , anyone can do this

From all my experience and all I went through to be able to be consistent, the tips I can give you to help you get better are not what strategies I’m using

It is your mindset, your dedication, patience.

I Look at it like school, every professional worker went to school and practiced hands on training and takes them at least 1-2years to graduate,

same is trading - trading is a profession and takes time to learn, if you rush the process you will fail , I was failing because I wanted to make money without the knowledge,

If you study 📚 u will learn, it’s just the basics of life .

[dapper jolt]

👍

Best days are when markets close flat and somehow u made good money

[prisma bluff]

@terse haven thank you for sharing this important lesson. Didn’t know you been through the hard way as well. I will bear this in mind and start to study and practice

[terse haven]

Price action is king , learn that and you will get better, it’s not about winning them all but becoming consistent

[prisma bluff]

Thank you.

[terse haven]

I use the 1hour to determine the trend / support and resistance levels using the PAC , then jump to low TF and look for rejection - but when there are news and fed meetings, fomc ect I try to stay out 1hr before and 1hour after to let the market stabilize from the event to have a clear direction- trading news is always a gamble - no analysis is really valid at a volatile time

Here are two screenshots of the start of the big moves on the 1hour TF, you got a bullish engulfing example and a bearish engulfing both happened at an order block giving me confidence to enter the trade .

[prisma bluff]

Just all the lesson today is worth the software fee.

[hot tendon]

True, we learn a lot from the more experience ones!

[rare zenith]

Thanks for sharing @terse haven

[fringe cloud]

Thanks @terse haven

[echo kiln]

🫰 Everyone chatting about PAC, dont forget about LuxAlgo Premium........I know it's not fancy like PAC, but have a look at it 👀

[full condor]

I agree, when combine, it creates a great tool. Especially for some fast pack intraday action.

[icy wraith]

@terse haven i saw you usually trade XAUUSD can you can share, trading strategy I think it can help a lot I have read your from this year a consistent trader , I'm in from 2 years and I have burn already around 70/80k . Now I'm starting to be less impulsive . Maybe you can help me thanks a lot in advance!

[atomic stratus]

Agreed, I am loving Trend Catcher combined with PAC, it's great for exiting winning trades at an optimal time, and exiting losing trades before stoploss gets hit.

@terse haven thanks for sharing. I am trying to pass a funded account challenge with 5%ers at the moment. I think its brilliant putting large risks on someone else's money. The profit share is pretty decent in my opinion. Not everyone has 100k laying around to put into a exchange either.

[full condor]

FTMO been consistent on profit split.....will pay on time....try it @atomic stratus ....support channel is nice also

[icy wraith]

A good reason for doing props is that you are not risking your own money, and also I believe it makes you a better trader as you have to focus more on risk management.

[echo kiln]

hmmm, I would think id be more careful with my own money than someone else's, right?

maybe one day ill give it a go

whats the splits these days? if high enough, then yeah!

[full condor]

80-20 mate

and if you are really that good, they have scaling plan plus will be upgraded to 90-10

[echo kiln]

80 to me?

[full condor]

yupp

your strat will work there mate 🤣

[echo kiln]

ok ok, here we go

[full condor]

intra will be best doin prop, IMHO

I hope no violent reaction here again 😂

[echo kiln]

here? LOL

[full condor]

FTMO is been quite long on prop game.....some are having hard time on the payout....some dissolved already...

so try FTMO

[atomic stratus]

Everyone is different when it comes to psychological hang ups with trading. I definitely find what you said to be true. I am much stricter about sticking to my strategy rules, no impulse trades, and sticking to my risk management with the funded challenge. As I know it's too easy to blow the rules otherwise. There is more room to move with your own account.

[full condor]

their Psycho coach is from my traders group before....... she made a good leap in realm of trading

[echo kiln]

dissolved? you mean they ran with the money

🤣

[full condor]

sort of....so stick with more reliable one

[atomic stratus]

I was so close yesterday to finishing the challenge....so close. Kicking myself because I knew I needed a sleep when the London session started, I was so drowsy. But pushed through, like a stupid stubborn idiot, and went $600 backwards. NEVER trade when exhausted. Lesson learnt!

[full condor]

indeed, and if I may add......pending limit order really helps me overcame that FOMO thingy

[atomic stratus]

I should have just had the evening off. I broke my own rules, didn't wait for confirmation on the 1st & 2nd trade and then pretty much revenge traded on the 3rd. We make stupid choices when dog tired. After having a great run all week. I am thinking of framing some trading rules to go on my wall 🤣

[icy wraith]

@Nevlugion#5712 yes but you have quite a strict drawdown limits with the prop firms.

[echo kiln]

I guess I’ll never qualify, I’m all over the place in my own way 🤷🏻‍♂️ Dam

[thin beacon]

Just wondering what is PAC

[worn hatch]

Price Action Concept

[worn hatch]

@atomic stratus is this right way .. Trend catcher with PAC

[atomic stratus]

This is my 15M setup with just the Trend Catcher, I turn the buy/sell signals off under "Style" in the Lux Algo Premium indicator. PAC also. I don't use Candle Coloring as I prefer to easily see the 3 Line Strikes, and Bullish candles. I am by no means an expert at LUX config though, only been here a week.

[worn hatch]

Same here I subscribe on 27th Nov.. still getting familiar with the Premium algo

[atomic stratus]

You would be surprised, the one I am with doesn't restrict trading style. You can scalp, even hedge if that's your thing. The rules are more around risk management, like no more than 2% of account risked per trade, and must have a stoploss, max draw down on account. I was way all over the place with crypto too, but I am trying to change my ways haha

[prisma bluff]

How does the trend catcher help you since the candles tells you the same thing. Don’t mind me asking. I am a noob here.

[atomic stratus]

Hi fellow Lux newbie 🙂 It's fun learning it all. I have noticed Trend Catcher is more precise on lower timeframes. I am back testing a 5m one I put together today that adds in the HQ Cloud too.

[atomic stratus]

Do you mean the candle coloring? From what I have observed, i thought I was getting different colors. Like Trend Catcher can be green if candles are still red? Anyone else confirm this?

[coarse fulcrum]

@atomic stratus has earned the Lux Level 1 role!

<@!854298064248504331> just levelled up

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

[prisma bluff]

Yes. Trend catcher is a much earlier detection. But how does it aid to your trading since you have the candle stick tell you red or green

[atomic stratus]

More reliable, earlier entries. I scalp so early is good. I don't use the candle coloring because I like to see the normal candle colors to spot bullish etc. Trend Catcher is confirmation for what PAC shows.

[prisma bluff]

Ahhh…. Thanks for that. I will try it too! 😁

[atomic stratus]

@prisma bluff forgot to say its especially useful to me for exits. I have TV alerts that send automatically to MetaTrader if the trend changes so I keep more profit or cut losses early.

[prisma bluff]

Noted. Thank you for the input.

[coarse fulcrum]

@prisma bluff has earned the Lux Level 1 role!

<@!692030203488239716> just levelled up

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

[icy wraith]

Interrsting

[shell fern]

Guys, my first day with Algo Lux and with an account about 10.000 euro, I earn 114 euro in the first 2 hours. Amazing...

[prisma bluff]

Welcome on board and enjoy

[dreamy tundra]

Hi All, what is the best/most profitable moving average crossover for 5 Min chart on Indices or forex?

[ripe girder]

I’m actually doing this right now

[icy wraith]

There isn't one. Not for such a low timeframe. You're better off trading support and resistance.

[proper vector]

Hi fellows, just joined here…hope we all get a lot of green trades 😃

[past acorn]

welcome @proper vector 🦾

[proper vector]

Thanks, I am relatively new to trading, tried a few Signal services an was not satisfied…hope it will work out better here.

I was trying to follow the indicators, but the market went the other way. It’s really hard to pick the right choice for me…

[icy wraith]

Also today I have loss 1.5% 😭😭

[proper vector]

All was showing for a strong USD but it falls…🙈

[icy wraith]

I don't understand how people use these plugin

[proper vector]

Which plugin?

[echo kiln]

USD/JPY, gambled on first short trade in between news, aiming for discount level, I know I know, stupid, hit SL +1 pip, so I survived. Came back after all the news, still HT 1H short trend, took another gamble at a short, aiming for discount level again, but hit my TSL at +15pips. I guess i'm done. Not a big timer like all you folks, but better than someone kicking me in the face, or pushing me down the stairs 🤣 🤷🏻‍♂️ 🦎 (entered on m5 and managed on m1)

I also overlayed the Lux Premium, turn on/off during the trade management as well....whatever works, right?

Just need to hold on for the home run's 🤷🏻‍♂️

[rare zenith]

Still a newbie trader so don’t take my analysis as any advice hahaha but I will share what I traded in the London Session today RR: 1:1.5

Price forming HH / HL’s and a BOS was formed, waited for a pullback to the BOS level and placed stop below OB. I’ve noticed when the price is above the average on RSI it’s a good confluence to buy and vice versa when selling. Sold when the price hit the overbought area on the RSI.

[echo kiln]

not bad at all, from internal ob to premium, nice job! text book, right?

and looks like from your 1hr candles, you had a stress free ride to the top

[rare zenith]

Yeahh text book, trying to keep things as simple as possible hahahah

I normally go between 4h/1h/15mins

[crystal pivot]

I’ve been revising my strategy with the neo cloud. I can’t believe I haven’t been using it

Lmfao

[sinful carbon]

Hello i wanna ask, is that possible to know forex scanner bot accuracy ?

[worn hatch]

Hey there, sorry for getting back to you this late, yes trend catcher is amazing and all thanks to LUX Algo and you, I have applied in all my charts ... 🥳

[worn hatch]

Yes it does, and it makes it super easy to detect the movement whether its bullish or bearish ...

[summer wedge]

tell me about the strategy, all ears 👂

[worn hatch]

Neo Cloud found in LUX premium ... just change the filters and you could get more confirmation on blue color being bullish and red color being bearish

[summer wedge]

which filters mate? you mean set preset filter to Neo?

[worn hatch]

@summer wedge there you go!

[summer wedge]

thanks mate

[terse haven]

🦋

[echo kiln]

you already know, its NEO or bust. 🤣 🚀

[echo kiln]

https://tenor.com/view/butterflies-gif-26344122

[worn hatch]

How does your block work with volumes ?

using XUAUSD

[terse haven]

I’m feeling the butterflies

[echo kiln]

nice job

[terse haven]

Works great, I just waited for choch ( change of character) on the 15min then waited for price to come back to the supply zone and took entry , SL at orderblock and TP on the 1hour TF

PAC is a beast

[hoary folio]

What forex broker do you used in the US that have US30?

[terse haven]

For personal I use lqdfx, it’s an offshore account but allow us residents

[hoary folio]

Thank you @terse haven

[terse haven]

What u guys think price will keep coming down? Looking at the weekly I still think we can go higher if price manages to break the 1800 again in the next few days/weeks

Lower tf might look bad rn but the big picture shows otherwise, let’s see what happens

On the other side of the picture we double top at 1804 on the daily , but also looking like an inverted head and shoulder

Really tricky scenario here , I’m gonna stay out till I have a better clear direction

This could actually be a short side fakeout, it was an NFP move after all and DXY looking like crap still

[dapper jolt]

Ya staying out for now

Easy to lose weeks profit late europe session on a friday

[echo kiln]

DAMMMMMMMMMMMMMMMM so impatient

took a short usdjpy, took forever, stagnant for past 3.5 hours, so closed out at BE, screw it. Then look what happens‼️

🤬

[jagged slate]

🤣

[echo kiln]

stick with Neo as they say 🤷🏻‍♂️

[full condor]

Purple!!! 😂

[worn hatch]

@terse haven Need to know your setting for the order block coz mine doesn't work except being gray in color

[echo kiln]

For the new LUX members, check out this simple strategy I have always said Neo Cloud was my anchor. Top to bottom analysis. 1hour chart Neo Cloud showed down trend, even after major news release. So now we wait for lower time frames to take a short, if it's there. 15minute chart Lux Candle color turning red below Neo Cloud, as I treat Neo Cloud as support/resistance. 5minute chart Neo Cloud turns short, there is your entry 🚀 Now you can add other Lux oscillators below for confluence. Why not add the new PAC levels for target levels? so many ways. Just need to start simple and build around it....

For those who trade on a much smaller TF, look at the 1minute here, here is where the entry could had been with confluence of the Lux Ultimate Stochastic

Potential of 25-40 pips on this move

🚀

Start simple with Lux Premium, no need to be fancy right away. Take a few small wins to make you feel good, and then start to add other tools to improve what you can see on your charts

I'm always learning too, Always re-watching Lux/Geckos Videos, to see if I missed anything.

Now why dont we add Lux Volume Profile to this? Look where price is bouncing around ranging? in between the two POC's (volume & Volatility) on the Lux Vol Profile. Maybe good area to close out trade or trim some off?

Take it another step further, add the Price Action Concepts level to this chart 🤔 Maybe price needs to head back up towards some levels, before making another leg down?

These are just ideas I have seen others use, not necessarily what I use. Find something that fits with you...

[rare zenith]

Hmmm do I trade oil and hold over the weekend….eu agreeing to cap Russian to $60 a barrel

[echo kiln]

why not, you have 50/50 odds, right? 🤷🏻‍♂️

[rare zenith]

We’ll see if a nice set up comes into place for me

Not ideal holding over the weekend

[echo kiln]

With whats going on over there, anything can happen over the weekend, while your sleeping 🤷🏻‍♂️

[echo kiln]

Anyone take a few pips today❓

[echo kiln]

Early today I posted a sample top/bottom strategy with usd/jpy, here is eur/usd. 1H HT tells me to stay long, even after news announcement. Wait for a move up on the LuxPremium on the LT m5. (winner chicken dinner?)🤷🏻‍♂️

[echo kiln]

Good morning from the states ☀️

[jagged slate]

GM 😄

[terse haven]

Good morning ☀️ it’s a nice but boring day

How u get the pro badge, an upgrade or just being too active

[jagged slate]

Being too active 🤣

It's for people very very active and have been with us a long time and are trusted

[terse haven]

Got it (:

[echo kiln]

Morning. Yes boring with no trading pairs. But the good thing about it, I have time to study my charts and learn new ideas from everyone 🌞 So what’s your go-to set-up entry❓😁🦋

[terse haven]

Very true , well I been back testing something interesting with the ultimate Macd on the 5 min TF and it seems to be a really good strategy using the PAC, Neo cloud,trend tracer and trend catcher I’ll share the details shortly, let me get some screenshots ready for you

[echo kiln]

Thats great, thanks again....interested in seeing the ulti macd with pac and neo

[echo kiln]

a little fyi, I think the trend catcher is a little off, update coming soon @terse haven It gets out of wack after a sudden price pop, which occurred after yesterdays NFP news....

[echo kiln]

I like the Adv Osc, but I do like the Ulti MACD as it may not show details like the Adv Ocs, but may smooth out the jitterness of price movements, in order to not scare you out of a trade.........

[terse haven]

I been testing it with just the volume and the 30-70 level for entry , me I personally almost all the time I get sniper entry but my main problem is not riding the trade out till TP , so I’m looking for an edge to be strong and hold trough the manipulation until the target hit or trend changes, I consider myself a good trader and consistently profitable but there is so much more room to grow , I always end up missing the massive move most of the time after I got the best entry @echo kiln

I’m testing on the 5min and 15min tf

[leaden flower]

EURUSD at resistance on 5min,15,1&4H

[tacit sun]

Can you plz throw some light on some hood setups that you have seen successful

[terse haven]

@echo kiln on the advanced Macd I have the length set to 5 and disable the dynamic, Basically what I’m looking for is that the price is changing character or BOS after a pull back or a steep decline, then i would enter a long when the volume of the ultimate Macd is crossing the 70 level with that Choch or bos

For existing the trade I’m still trying to time the best exit , either the stochastic length 50 turning red , or a candle closing below the trend tracer

[echo kiln]

hmmmm, thats a great description of your trading mindset, just like me, always taking the easy 10-15 pips, but there's so much more to be had. Have you tried aiming for a PAC level? ORRRRRRR, let the trade run with the LuxPrem candle colors? Now this would be simple and not crowd the chart......hmmmmmm

Be less time to analyze the chart to go for bigger runs, just go with the LuxPrem candle colors, set it and forget it 💰

[echo kiln]

YEAH, nice call, might be a drop to a few FVG's and PAC levels below...

[echo kiln]

Sure, a very VERY simple strat to get started is the one I personally use. I posted it yesterday in this room.....

[echo kiln]

#💱forex-chat message

[echo kiln]

Also, if you like stocks or options, another simple one is called the QQQ Strat, should be posted in the other rooms as well, thats a good strat for sure, check it out. Keep in mind, these strats were molded by Lux members here, and we constantly improve on it....

What really HELPS to create you own strat is the videos on Lux youtube and Gecko's youtube as well, PRICELESS💎

[terse haven]

True just by the coloring it’s pretty obvious where the price could be headed it does help stay longer in the trade

[echo kiln]

Yeah, I can make a strat based on candle colors, and nothing else on the chart....let me see....talk about simple

Here you go, YOU cant get simplier than this‼️ LuxPrem candle color only on chart. 1H for trend bias, and m15 for entry/exit chart 🔥

Ok here, if you want to use LuxPrem signals, look at 1H first, if there is Short signal, go to m15, and if m15 candle shows red, then take the short entry. Look at the green long signal on 1H, then on the m15, you could had taken that long entry, but LOOK, it was safe as the m15 was green and purple, and you could had closed out very safely and not get hurt....

here is they 1H long signal I talked about, and look where you entered on the m15

enough time to close out at BE or small win, or small loss depending on your finger on the mouse. But look at the HUGE wins you could of had following the colors of 1H

YOU cant get any pimplier than this, right?

[leaden flower]

1.AUDJPY4H 2.AUDJPY15MIN 3.AUDJPY5MIN

[echo kiln]

PAC levels look good for sure!

[leaden flower]

YUPP.

[crystal pivot]

I’m planning on changing my sleep schedule this week so I can actually make some trades during London session.

Anyone else here have to do that? Lol

[echo kiln]

who sleeps?

[leaden flower]

NOT ME im CYBORG 😎

@echo kiln whats your view on GBPNZD looks nice support at 4H

[echo kiln]

🦋 the above charts were confirming gradient, now use confirm simple, that 1H long signal, that was a no-go, no trade since no green candle, but a ranging purple candle

[echo kiln]

HATE GBP with a passion, real time price action eb/flow really stinks, to jumpy and jittery, not for me, BYE

I like boring price moves 😹

thats why me and crypto dont date

😹

[leaden flower]

EURGBP also on nice support

Ahhhhh sorry it also has GBP😂

[echo kiln]

its ok, post GBP, I can love the chart set-ups, and learn as well

[leaden flower]

okay okay😁

[echo kiln]

here is eurgbp on candle colors only, I did not adjust anytime axis and it is the same as my usd/jpy chart

this is what I mean jittery price movements, yuck 😹

[leaden flower]

😁

[echo kiln]

BUT, for PAC trades, it might be good, as the chances might be good to hit any of your levels, right or wrong, it could hit any level with this type of movement, right?

[leaden flower]

Not any levels 🤣🤣

[leaden flower]

USDjpy broked it's support at 4H

[echo kiln]

just like the folks in the stock chat, most of them chose qqq the way it moves.....

[leaden flower]

I can't trade Qqq 😁

[echo kiln]

yeah, most of us cant, as we may need to go offshore broker etc.....too much headache in withdrawing

[leaden flower]

Not available in my 1: unlimited leverage broker 🤣🤣

[echo kiln]

LOLLLLLL

[leaden flower]

Yeah too much and if through any means then not legal 😊

[echo kiln]

and I havnt the slightest clue where to begin for options....beta theta gamma....whatever

above my education level

[leaden flower]

Have u seen my broker 😁😁

[echo kiln]

which one?

[leaden flower]

Learned a lot but don't trade options

[leaden flower]

1: unlimited leverage 🤣🤣

[echo kiln]

maybe one day ill take the time to learn

[echo kiln]

screw that, i like Oanda, caps me out at 1:50

keeps me in check

[leaden flower]

Mine gives the most 1:2000 & then unlimited 😂

[leaden flower]

Just motivating me to blow my account soon 🤣

[echo kiln]

OMG, talk about busting an account on the first losing trade

[leaden flower]

Don't have anything to do so I just learn a lot 😁😁

[echo kiln]

shouldnt be legal anywhere, except for some islands

cayman, st george or wherever most crypto scammers are

LOLLLLL

[leaden flower]

Forex is completely illegal here
Just these brokers are operating through P2P.

[echo kiln]

nuts

[leaden flower]

Just for fun with 10$ demo account I traded 0.60 lots it's just boomed to 50$ profit & the next sec its over 🥺🥺
50 to 0 $😭

[crystal pivot]

Lol my broker has 500 leverage

OANDA 50 leverage was too little for me

And the spreads were too high for 1 min TF trading

[half wing]

so we got offshore people that wants to trade qqq

[echo kiln]

https://tenor.com/view/on-the-edge-living-on-the-edge-edge-truck-splits-gif-13100964

jking

[half wing]

and US citizens that wants to trade crypto

[echo kiln]

yup

[half wing]

cant yall just switch position

lmao

tf

[crystal pivot]

One day I’ll move out USA just so I can trade more comfortably

[crystal pivot]

Figured out new strategy for 1 min scalping. Backtested 2 weeks got 34 wins 12 losses, call it 30 wins 15 losses for good measure...at 1 to 3 RR. 🤔 🧐 Could this be the one??? Lol Going to adjust sleep so I can trade London session. Ill let you guys know how it goes. Hoping this is it. 🙏

[echo kiln]

Now you have my attention

[crystal pivot]

Youll be the first to know if all goes well

[snow beacon]

1m scalping 1:3 RR? damn you onto something bro! let us know and gl

[crystal pivot]

Yeah I guess its not really "scalping" lol

[echo kiln]

Stand in line, you will be 2nd to know

[snow beacon]

hahah

let me know when you get to know

[echo kiln]

youll know when i know when he tells me that im ready to know, if you know what i mean 🤷🏻‍♂️

all you rich traders with Discord Nitro, smh

😹

[snow beacon]

i know thats why when youll know when he lets you know then let me know that he let you know what he knows so i can know what you know from what he knows

ok gn babes

[echo kiln]

exactly 🫰

[proven nacelle]

am jumping in the line haha the third one 🙂

[echo kiln]

@crystal pivot decides that unfortunately 😹

[crystal pivot]

Lol I should’ve never said anything 🥴

What strategy??? 😅

[echo kiln]

Just give it up already......

[proven nacelle]

now is too late haha we stay already in line 😂

[full condor]

I told you @echo kiln go to Thailand and trade in USD but spend in BAHT and you will live like a 👑 😂

[half wing]

that’s pretty much same in every 3rd world country

[icy wraith]

If only that fallacy was true. I've been living in Thailand 9 years now, and one thing it is not is cheap. Beleive me.

[half wing]

idk about thailand lmao but for vietnam it’s true 100%

[icy wraith]

Yes that's what I heard too. A lot of expats have left Thailand and moved to Vietnam for that reason. But my wife is Thai so we won't be going anywhere soon.

[full condor]

I actually wondering why Thailand still considered a Third World Country, where in fact they are more like a "developing" country

[icy wraith]

But thats okay. I do like it here

[icy wraith]

In some respects they are quite developed. But. The infrastructure sucks and they are embedded in a culture that does not like change.

[full condor]

and that's why it gest "costly" on your part...you been there for so long, get used to the daily norms of Thai Life

[icy wraith]

Right. Anything 'foreign' is imported with costly import duties. I live in the south and not in a tourist area but a western meal is comparable to UK prices. But even for Nationals it is expensive as the wages are so low.

[half wing]

so apparently 3rd world and developing countries mean the same thing

[icy wraith]

Lol. I would say so, yes.

[half wing]

3rd world is more offensive so they stopped using it

[icy wraith]

Right. Politically incorrect.

[half wing]

and like cypher said, those countries lack infrastructure

they are unstable

[icy wraith]

Very much so.

[full condor]

Bangladesh and Cambodia is no developing country IMHO, not even near...... but Thailand is far far far better than those 2

[icy wraith]

Yes for sure.

[full condor]

look at the GDP of those 3 countries I mentioned

[half wing]

unstable and the gov is a lot more apparent in corruption

[icy wraith]

GDP means nothing. That was introduce during The Great Depression and was never meant to be continued - smoke and mirrors.

[icy wraith]

No comment. Reminder to myself - get a vpn.

[half wing]

I think to be a “developed” country it would mean that country has influence over other countries in term of the economics

[icy wraith]

Think it just means you flush toilet paper down the pan without causing a blockage.

Anyway gotta go.

[half wing]

i was born in vietnam and has moved to the US and became citizens for 14 years and i still dont like to live in the US with its “freedom” priviledge

[full condor]

not developed country but developing country, totally different level

[half wing]

in some way, with money, freedom can be anything in vietnam

[echo kiln]

Ill stay were im at, the land of the free, the land I was born in.......no place like home

https://tenor.com/view/wolf-of-wall-street-not-leaving-not-fucking-leaving-staying-gif-20904116

👉 Whats everyones favorite "FREE" Lux indicator ❓

oooooooooook, Ill go first 😹

I like the VRMDH 😁

Check it out

See how the VRMDH plotted it's 4 POC levels for the period of last monday to friday. Take a look how price went down quick from the 2nd POC, paused at the 3rd POC, and then touched the 4th POC, and ranging back to the 3rd POC

Have fun, enjoy the weekend 😹

https://youtu.be/zDbSx4gDzPA

[rare zenith]

How does everyone find reversals early in the markets Do they use candles, double tops, patterns etc?

[stuck axle]

What pairs has the highest win rate using the premium

And the setting please

[past acorn]

that is a nice one 😉

[past acorn]

our Reversal Zones feature is really good for this 🙂

[rare zenith]

Premium and discount zones?

[past acorn]

Reversal Zones within the ‘LuxAlgo Premium’ indicator

[rare zenith]

Thankyou

[leaden flower]

seems it can be a nice setup

[echo kiln]

Agree, and once you learn what past bars you want to scan it with, its good. 🍇

[echo kiln]

This is a tough one looking at this chart alone, could be the first HL for a leg up to a HH, breaking through some internal OB's. Or a fake out to the upside to get you back into the range below. Whats does a HT say?

and thats a alot of news coming, stay out

🍇

[leaden flower]

Yeah I'm always aware of news 😁😁
Just having my homework for action 😁😁

[leaden flower]

It's ranging on 4h &1D

Can be a good short on 15TF
Let's see how it reacts.

[echo kiln]

#854811908070047758 message

[crystal pivot]

reversal zones but you need to pair it up with rsi and something else because a lot of times it goes beyond the zones

[crystal pivot]

Yall ready for this week?💪

[terse haven]

week only started 😆 was gonna hold but I’ll take it

[crystal pivot]

goddamn $19400 lol

[terse haven]

Well I’m not gonna say it was all pure profit, I’m only up 13k I had took a 6k loss prior to this trade

[crystal pivot]

Thats still crazy you playing with big money. One day ill get there lol

[terse haven]

You sure will 🙏🏽, anyone who is consistent and self educated , motivated can achieve big money moves , it’s all about planning

[crystal pivot]

Thanks yea I think I finally have a good strategy. Starting to test it live now. I'll see how this week goes 🙏

I'm ready for it

[terse haven]

Good to hear keep us updated on ur progress, hope it goes well and never give up 💪🏽

[crystal pivot]

Thanks man I appreciate it 💯

[atomic stratus]

Well done! I have been playing with your ideas 🙂

[atomic stratus]

Hope you have found the one! How do you go with 1m timeframes. I find I am normally not quick enough on anything lower than 5m

[crystal pivot]

Well I'm going to find out tonight most likely, just have to be ready I guess lol

[terse haven]

Stay away from 1m if possible, you need to be extremely skilled to make the 1m work , it’s just hard for any average trader , not imposible but not recommended

[atomic stratus]

Was this with the new Strat your trying out, you described yesterday?

[terse haven]

Yea basically Macd volume with choch , trendline breaks ect , quite few confluences ,

The loss I took was an emotional play, I shorted the gap down on market open which was a mistake!

Always wait for a setup , never just asume that the market will do what u want

[atomic stratus]

Was planning to 🙂 I always seem to have technical issues get in the way with too lower timeframes. Anyone else have trouble with MetaTrader not filling limit orders? I have to use market orders for opening trades 100% of the time. Closing seem ok with limit orders.