💱forex-chat

[grand bison]

ok... got it. 👍

[viscid shard]

Thats just how i trade price action wise… SMC traders look at it way differently

[grand bison]

yup, but always interested in what works... never stop learning in this business

[viscid shard]

I dont understand that order block, liquidity grabs etc , its too complicated for me lol this is super simple and has been working for me for months so im not switching up.

[grand bison]

I only use order blocks... as zones to where price can move. LuxAlgo has interesting order blocks that show percent and buy/sell... not sure how accurate it is, but intriguing none the less. That said I am always looking for confluence confirmations, so will look at levels more closely

[viscid shard]

Lux also has the ChoCH

Which is just market structure shift

Ive seen it be late way to many times

So i draw my own structure levels

Then throw on the gradient long term auto pilot for confirmation

[grand bison]

yeah, the LuxAlgo ChoCH and BoS arent 100% accurate, but good enough for me...

[viscid shard]

Imma use this as an example

With my strategy , excuse the drawing i did this on my phone

My red line is the structure shift. To me price made double bottom. Weak bullish push, engulfing right after with a resistance formed, Thats your entry for sell

Then price wick filled on the next candle and the rest is history

[grand bison]

ok, i see that

[viscid shard]

Yessir

Everyone sees structure different tho. Thats just how i see it as a scalper

[grand bison]

nice

[viscid shard]

Seems like gu is slowly trickling down to 1.20000

[tall relic]

Are you trading anything now guys

[viscid shard]

No i stop trading at 12:30

Took no entries today

[grand bison]

yeah, I have a small trade on from 1.2030 to test the 1.2000 level 😀 i learn better with a live trade, even if its small

[tall relic]

Same I was busy doing stuff most trades done 8am

[viscid shard]

Market was moving a little too slow for me. Will be back at 3:15 am lol.

[viscid shard]

Very nice

[kind grove]

@viscid shard what is quarter level and mid level on your chart?

[viscid shard]

Quarter Levels are respected the most, then Key Levels, and then Mid Levels. Thats why i have mid levels with no lines and only the words. They are round numbers, areas of significance where banks and big players look to place large orders

https://youtu.be/4hqNvYc5C_c

Go to 4mins 30 seconds

He explains it

[kind grove]

okay 👍

[viscid shard]

🤝

[viscid shard]

This is a trade I took last week using a mid level as confluence

https://www.tradingview.com/chart/GBPUSD/7YpA0njT-GBP-USD-Trade-Breakdown/

[kind grove]

Thanks 👍

[viscid shard]

🤝

[viscid shard]

Clean chart

[clever crypt]

i dont like too many indicators

[viscid shard]

Same

[clever crypt]

today was a great day

bcs my work i lose a big entry

[viscid shard]

March is a month with alot of volume so youll get another move

[clever crypt]

yea it s last month when i go to work :))

so clean

[viscid shard]

💰

[clever crypt]

now is risk free all in be

[viscid shard]

Beautiful. Same move happened on GU off that 1.20000 quarter level

[plain hamlet]

@viscid shard just curious, how long have you been in the forex space for?

[viscid shard]

Look at my profile. The same day i joined discord is when i joined lux and started to learn how to trade

Just took me a little while to become profitable because I have anxiety. so in the beginning getting past the psychology phase was difficult.

[clever crypt]

2 years not bad

i have 8 month:))

[viscid shard]

Very nice very nice

[plain hamlet]

hard work and consistency pays of,hopefully i can follow in your footsteps.

[viscid shard]

🫡

My biggest setbacks were strategy hopping and psychology

Closing trades to early

and sometimes not pulling the trigger on clear setups because of fear if i had lost a trade previously etc

[plain hamlet]

im assuming you made your own strategy, or found inspiration from somewhere here and tweaked it to your liking

[viscid shard]

Yes i learned from multiple people. Swaggy C, Daniel Savage, Mamba FX, Doyle Exchange and Trading Fanatic mainly.

Took bits and pieces from all their strategies , made my own and focused on GBP/USD

Thats why its so easy for me to send video examples of exactly what im talking about because I watched those same videos when i was learning how to trade.

[plain hamlet]

if you dont mind, where are the video examples? would love to take a look!

[viscid shard]

I sent someone this earlier

Thats where i learned to trade the major levels

Market structure from trading fanatic

Others i sent last week. I Cant go that far back

[plain hamlet]

thank you!

[clever crypt]

@viscid shard good vid

[viscid shard]

No prob

[viscid shard]

Yes very

[clever crypt]

let s see what i can catch

[viscid shard]

Youre in?

[clever crypt]

no

i wait for 4k make a bottom wick

i have on xauusd one open at 1910 to 1932

[viscid shard]

Ahh okok

[clever crypt]

xauusd pretty bullish

[viscid shard]

Good.

GU should play out

[clever crypt]

lemme take a look

[viscid shard]

Gold and GBP/USD are correlated

I look at Gold and DXY

For my currency correlations

They arent “currencies” but you know i mean. They move with GU

[clever crypt]

lemme show u something

dxy is good for eurusd

[viscid shard]

Anything usd

DXY is the dollar

😂

[clever crypt]

dxy

eurusd

[viscid shard]

yep

[clever crypt]

i catch 60 pips on sell

i was at work and i can t see the complet moves

[wild hedge]

Which is the line green/red indicator?

[grand bison]

It’s a Hull MA.

[jade wedge]

Alright gents, so I have a question, I have read and watched all the videos. I am using the premium and price action. I have done pretty well so far in the short amount of time. I have just discovered the scanner function for forex. Looking at this and reviewing the charts. I have come to following conclusion. Let me know if on right track. Take nzd/cad and alert went out to sell on 2 hour chart at 7. Looking at chart top right everything is in a downtrend except the daily; however. The order block were hit has a lot of fuel left in an upward swing. Over the long short run it is moving up as well. I took 1 percent of my capital and placed a stop below order block and tp at about 3/4 way up to next block. What's ur thoughts on this? Just wondering if on right track or am complete idiot. Sorry for the long post

Very small account as I am learning. So don't make fun, have to start somewhere eight...this is what I am looking at

Gbp/chf was the same thing earlier today. An alert went out. Waited for it to hit order block amd bounce up then I took position. I know I should have probably waited for retest. The majority of the time frames are upward on this one tho. Is this a good thing to do. Also wish timeframes were all downward here not just the 1D

[viscid shard]

Im trying to read your chart. So the pic on the left you took a sell and got stopped out, and on the right you took a buy and got stopped out?

[jade wedge]

No, I they are still going I haven't got stopped put on any of them yet. The yellow line is my stop loss that is where I set it at. That's on the right. The left is pretty much the same thing but a better picture

I entered qhen the block pushed back and looking at the volume in the block. For example the left has a ton of fuel left to keep pushing it down

Does that make sense. Just want to know if I am doing this right. I have spent almost 3 mths watching and reading shit. Some of the questions that are on here I am like did u do any research at all... haha

[viscid shard]

Gbpchf is bullish

What im seeing, youre a reversal trader who enters off wicks. Very risky but you still need to understand market structure. Gbpchf broke downtrend structure, it should retest then continue bullish

Yes u may catch the retracement back down but who says it wont keep pushing . Very risky trade

That 1hour bullish candle is literally almost 100 pips. Alotttt of bullish momentum but we will see..

[jade wedge]

Damn it... glad I asked. That is why I am learning amd in here. So let me ask u this. On the eur/us. The timeframes are all bullish except the 1 hour. We had that big push today down. So I waited till it hit and pushed back amd took a position

Sorry last question, on usd/cad I waited for retest then took position, but again all timeframes ae bullish except 15min.. is this one risky as well

[viscid shard]

This looks bullish to me

Downtrend, break of counter trendline. Break , retesting and should push to the upside

Even lux says strong

Why would u enter a sell

[jade wedge]

Jesus, they should make college courses for this, now I am all confused

[viscid shard]

You need to learn market structure

[jade wedge]

Cause that order block

I need to learn a lot.. haha.. damn it

[viscid shard]

https://youtu.be/TCB0qkk3vmk

[viscid shard]

Im just telling you what i see and lux agrees. Theres a strong buy signal with bullish structure. Should have waited for atleast a sell signal even if you dont understand market structure

[jade wedge]

No man, thank you very much appreciate it. Going to watch this video

[viscid shard]

No problem always here to help

[sick crow]

Hello sir, am also new here. Seeing your posts. Followed you on trading view but there were no any ideas

[viscid shard]

I didnt trade yesterday my friend

[viscid shard]

If you saw 0 ideas, theres something wrong

[midnight pivot]

easy

[viscid shard]

Big baggg

[midnight pivot]

2nd evaluation. Phase 1

Mostly to slow it down on the live account

[viscid shard]

Smart smart

[amber hemlock]

nice analysis brother

he should take sell here only right?

@viscid shard

[viscid shard]

@amber hemlock

[empty crag]

Which pair is this one guys ?

[viscid shard]

that was GBP/CHF

[empty crag]

Thank you bro

[grand bison]

@viscid shard GU having a bit of a struggle breaking below the 50 level I see.

[viscid shard]

Im in sells

Lets see how it plays out

[grand bison]

Moving now

[viscid shard]

Yea. News at 8:30 tho

[amber hemlock]

Which TF?

[viscid shard]

1h and below

Im a scalper

[empty crag]

You already in the trade @viscid shard ? Or you waiting for a retest on the 1.204 resistance area ?

[viscid shard]

Im in already

[amber hemlock]

your tp?

can you share screenshot of your setup?

[viscid shard]

No I dont want anyone taking impulse entries.

[amber hemlock]

No, I won't take entry now

I want to see how you use fib here

[viscid shard]

Did not use fib. Resistance

[amber hemlock]

okay

[viscid shard]

I like that your chart is clean🤝

[amber hemlock]

Yes, waiting for break

[viscid shard]

The 1h still needs to pullback

[amber hemlock]

like this?

[viscid shard]

Im going breakeven soon before this red folder news

[grand bison]

Unemployment Claims… usually medium news, but for some reason FF has decided to make it red starting today.

[viscid shard]

Yea thats why im like the hell lol

[amber hemlock]

Why you're taking from here?

Whyy not this?

[viscid shard]

Thats the 4h move

I sent you 1h structure

Go to the 4h and draw that same thing out. You see clean candles

[amber hemlock]

Hmm, got you

[viscid shard]

Yessir

[viscid shard]

At Breakeven. 🥱 strict on this red folder news. No bueno

[sturdy aspen]

Who i can find the Gold strategy?

[viscid shard]

Wish i could help with that, sorry

[viscid shard]

https://youtube.com/shorts/P01GVzE7ewU?feature=share
You could try this🤷🏽‍♂️

[grand bison]

Unemployment Claims was hardly Red news

[wild hedge]

Forex signals today very bad…

[viscid shard]

You should not be following the signals😕 just use them as confluence

[wild hedge]

I don’t understand you

[viscid shard]

Lets say you trade one of the pairs in the channel. Dont take trades just based of the signal in the channel, do your own analysis and see if its in confluence with yours.

If your markup says sell and then channel sends a sell signal, that should give you a little more confidence. But if the channel says sell and you have a buy, it doesnt mean your mark up is invalid.

[grand bison]

👍

Whoa... thats a big thumbs up on my screen

[viscid shard]

😂😂😂

[wild hedge]

Can anyone explain better the luxalgo indicator of orderblocks? Better to buy when there are more green or more % ?

[viscid shard]

@grand bison thats all you lol

[wild hedge]

Buy on 1.05823 or better with more % like down un 1.05200?

Can someone help me? Thanks!

[viscid shard]

Yea i cant sorry, i dont trade that way.

[grand bison]

ECB hikes 50 bp

[wild hedge]

How can you trade? I’m new in this…

[grand bison]

The first thing you need to do is understand and learn how to read market structure.... if you scroll back through this thread Malik posted a market structure primer video

[viscid shard]

🗣️

[grand bison]

Once you understand how to read market structure then you can start thinking about how to apply a strategy... for example I trade pullbacks into a trend, but always with market structure analysis in the background

It takes time... but having the foundation is critical

[grand bison]

Lol.... thar she blows!

ECB Press Conference

[viscid shard]

Lets see what NYSE has to say about it😂

[coarse fulcrum]

@viscid shard has earned the Lux Level 3 role!

<@!751803906081947738> just levelled up

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

[grand bison]

Obviously enough to give you a Level 3 😂

Congrats

[coarse fulcrum]

@grand bison has earned the Lux Level 2 role!

<@!863990616571379713> just levelled up

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

[viscid shard]

And you level 2 lmao

[grand bison]

🤣

USD is weak..

[viscid shard]

Yep. Waiting for structure to shift so i can get back in

1h is still bearish.

[viscid shard]

1h needs to make a weak bearish candle

Or blast through 1.21000 and close above it

[grand bison]

Do you call that a CoCh where the indicator shows it?

[daring plover]

Is the indicator worthy?

Or can anyone guide on how to use this

[viscid shard]

https://youtu.be/7qs0r6A8HBw

[daring plover]

Saw everything

Doesnt work well

[grand bison]

thanks

[daring plover]

Feels useless

[viscid shard]

Yea thats how i switch my bias

[viscid shard]

The video has 50k views how is it useless

[daring plover]

Whats the global population

🤣

Whats 50k? In front of that?

[viscid shard]

The whole world doesnt trade fx man😂

[daring plover]

Its not about fx

[echo kiln]

[amber hemlock]

EMA settings?

[daring plover]

I dont even trade fx

Just index futurs and options

[viscid shard]

This is a forex chat😭

[viscid shard]

Thats @grand bison

[daring plover]

I know sir! Sorry to bother, but since this was active i need more guidance to use this indicator

[viscid shard]

Gotcha

[daring plover]

After seeing this indicators my head is more confused

[viscid shard]

https://youtu.be/vpSjJpCpwSE

[daring plover]

I am more of price action person

[viscid shard]

https://youtu.be/WuEaLfeiz20

[echo kiln]

There’s ways to ask for help and not so good ways to ask for help. Being grateful and thankful goes a long way in receiving help 🤷🏻‍♂️

[grand bison]

Its a 55 Hull MA (Hull Suite)... I only use it to give me a quick visual on trend and the past cycles.... I don't trade off it.... only use it as context, as I do with the LuxAlgo market structure (Price Action Concepts).

[amber hemlock]

Okay

[clever crypt]

no entry for me

[viscid shard]

This played out bullish as i said.

[viscid shard]

Live to trade another dayy

[grand bison]

@viscid shard Bullish trend now confirmed on all three timeframes now?

[viscid shard]

Yea

[grand bison]

Yep, thanks.

[viscid shard]

Good thing about trading mainly price action , its easier to have both bias. I feel like

[grand bison]

True

You done for today?

[viscid shard]

This 4h will close bullish engulfing so idk

[grand bison]

Haha

Another bite at the Apple

[viscid shard]

Im up 2% already for the week. My goal is 2-5% a week

[grand bison]

👍

[viscid shard]

Yea im a scalper but i dont trade alot

Once i got funded i take it easy. For consistency you know.

[grand bison]

So back to the 1.2138 area, or would you target the 50 level if you were taking a trade?

[grand bison]

Understood

[viscid shard]

Retest 1.21000 to go back up to 1.21500 possibly

[grand bison]

Ok, got it

[viscid shard]

4h is lookin realllllll niceeee

[grand bison]

I see that... 15 min to close

[dense steeple]

Hi

[jade wedge]

Not to bad for today.. @viscid shard be my mentor, buddy

Feel like letting these ride until my tp but it so far away

[twin igloo]

Hey Guys, I want to start trading part time. Do You have any advice how to start, where to learn ? Thank you! 😉

[viscid shard]

https://www.tradingview.com/chart/GBPUSD/nKOaQ328-GBP-USD-Trade-Breakdown/

[viscid shard]

Very nice

[viscid shard]

Yes. With market structure

[viscid shard]

https://youtu.be/TCB0qkk3vmk

[twin igloo]

I will have a look into that. Thank you very much

[viscid shard]

No problem

[jade wedge]

@viscid shard... I think I like doing reversals. I need to work n that and do more studying

[viscid shard]

Everyone has their own style. Trading reversals is risky but has higher RR trades

[jade wedge]

It's hard for me to get in on the trade following the trend with th order blocks. Always seems like I am to late. Need to inure that out

[viscid shard]

Then go a time frame down and catch the reversal on the lower time frame for the higher timeframe trend continuation. Thats what i do

Thats why i use counter trendlines and not normal trendlines

[jade wedge]

The dam order block disappear and I can't figure out when it retest

[viscid shard]

🙄🙄 cant help you there sir

[jade wedge]

Switching timeframes will take some practice. Like everything tho. Just takes practice and learning

[viscid shard]

Get an ultrawide

Mines was $250 on amazon lol

34in samsung 2k resolution display. 3 charts. All i need

[jade wedge]

I have 3 monitors for gamin.. maybe if I cn ever uit y job amd do this full time... now that would be awesome

[viscid shard]

3 monitors man , look at multiple timeframes at once😒

Top down analysis

Heres a video i used to watch all the time

https://youtu.be/ZhnuBgtvITI

[jade wedge]

Thanks

[coarse fulcrum]

@jade wedge has earned the Lux Level 1 role!

<@!577262689475362822> just levelled up

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

[viscid shard]

Anytime

[grand bison]

So in this case you took 85% off at the 25 level and let the rest run to the 50. Is that your approach to money management - lock in 25pips and then let the rest run for 50 pips? thks

[viscid shard]

I dont go by pips my risk is by %.

I could have 20pip stop, or 25 pip stop. Same 1% risk. But i took about .8% of the account balance letting the rest run to next tp to possible 1.5% gain in total. I manage risk by cutting losses early aswell , seeing break of structure heading towards my stoploss etc

So on some positions i risk 1% , i still dont lose 1% , knowing market structure and when to cut your losses. Thats how u make 1:1RR strat profitable. Cant just take 1:1RR all the time.

[grand bison]

ok.. understand... thanks

[viscid shard]

🤝

[clever crypt]

@viscid shard ure good mentor brudi 🙂

[viscid shard]

🤝 just tryna help and cut some learning curves

[jade wedge]

@viscid shard ... u care if I DM u.. or I can post on here just don't want to clogg it all up.. up to u

[viscid shard]

You can dm me thats fine

[clever crypt]

CLEAN

[static ether]

Whats the different between strong buy and buy

Strong sell and sell

Whats the difference??

[clever crypt]

difference between stong and normal signal is that in a strong buy/sell signal u can make more pips and the market is more agressive

[viscid shard]

Strong signals are trend confirmation signals, normal buy /sell signals indicate the pullbacks @finite heart

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

Example on my chart @static ether

🤝

[viscid shard]

Very nice. GU is on its way to my next take profit

May just leave it open and re enter during london

Have 2 positions running

[clever crypt]

I was hunted this breakout hole night

[static ether]

@viscid shard strong one is best?

[viscid shard]

😒

Yes. The trend is your friend

You could look at my chart and answer that question on your own come on now

[static ether]

Yes i understand bro👍🏻

[clever crypt]

if u trade with the trand u just take that trade

[coarse fulcrum]

@clever crypt has earned the Lux Level 2 role!

<@!744366442958422147> just levelled up

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

[clever crypt]

if u know how to indentify a trend

[static ether]

Hey guys but lux algo premium has a automatic given stop loss and take profit numbers

Can we use it
Does it work?

[viscid shard]

I do not recommend having an indicator determine your TP/SL.

https://youtu.be/O4H77JY-8sI

[static ether]

Hey there!

We have TP/SL points built into our Signals & Overlays that you can read about here: https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/tp-sl-points/

[viscid shard]

ok dude

[clever crypt]

I got stopped out

[viscid shard]

Rip

Wow by spread lmao

[clever crypt]

the day is not finish yet:))

[static ether]

Bro but the ratio should not be more than 2?

[clever crypt]

the ratio of what?

[viscid shard]

Your RR should be based on your strategy and your own psychology. I dont like 1:3+ RR trades, some traders do. Everyone has their own preference so i cant answer your question

[clever crypt]

i like RR to be 1 to 5:))

[viscid shard]

f that lol

😂

Too risky for me

[clever crypt]

what rr u like 1 to 1.5?

[viscid shard]

The most ill do is 1:3

[clever crypt]

what strategy u using?

[viscid shard]

I average 1:1.5-1.2

Price action lol

Im a pullback trader

[clever crypt]

u using fibonacci aswell?

[viscid shard]

Yea sometimes. Mainly market structure, support/resistance and engulfing candles

[clever crypt]

Aight

u trade only gbpusd?

[viscid shard]

Yes

[clever crypt]

Its time to go down

[amber hemlock]

if it break last HH then it might go up

[clever crypt]

It s right into resistence

[amber hemlock]

Yes, I mean if it breaks and create new LH

[viscid shard]

Support & Resistances are meant to be broken

Hope it breaks and continues bullish.

[clever crypt]

yea need just 36 pips

but ya have all that lows that most to be liqidited

[amber hemlock]

same for EU

[clever crypt]

Yea

[amber hemlock]

USDCHF moves exact opposite of EU and GU

[sage pecan]

what is that big announcement posted on announcement channel?

[amber hemlock]

Can you show your chart on 4TH?

I would like to see how you drew these 2 lines

buy above

sell below

[clever crypt]

I m no more at my pc i m coming back in 30 min

[amber hemlock]

Take your time

[clever crypt]

Let s go

@amber hemlockaight what chart do u wanna see?

eurusd or gbpusd

@amber hemlockEUR USD 4H TF

[amber hemlock]

GBPUSD

here

[clever crypt]

Wait

@amber hemlock

[amber hemlock]

it should break and wait for restest to enter right?

[clever crypt]

yea can u

[amber hemlock]

okay

[clever crypt]

but u need a tight sl

1.21556 sl

something there

look at 5 tf

tp 1.21270 close half than risk free

with be of course

[amber hemlock]

I don't have 5h tf option

[clever crypt]

5 min

tf

[amber hemlock]

okay

but we should wait for this break

then only we know if it is sell or buy

[clever crypt]

yes i don t trade gu

[amber hemlock]

Which pair you trade?

[clever crypt]

eurusd /xauusd

the most

No activity today

wait for the new coming up

news*

[amber hemlock]

EU should break 1.07600 for buy

[clever crypt]

no

oh sorry

i mean that sone is break

[clever crypt]

yes sir i m in that sell :))

[amber hemlock]

how you caught this sell?
In 4h it is in buy

[clever crypt]

one breakout of support/resistence 5 min tf place a entry easy money

[amber hemlock]

Yeah

tp?

[clever crypt]

i got stopped out

tp first resisstence

1.06374

sl 1.06545

[amber hemlock]

you take this as resistance?

red arrow

[clever crypt]

no

1.06505 is resistence for me

[amber hemlock]

okay

[clever crypt]

is more easy to explain in vc

[amber hemlock]

Hmm, stuck in office work now

Will hop sometime later

I think we can use eql as tp

sell premium and out at eql

buy at discount and out at eql

[clever crypt]

lookin for buy in 1.06000

[amber hemlock]

price is in retracement at higher TF

[clever crypt]

u can take that low as a tp

1.06122 consider as a tp

[amber hemlock]

yes

[clever crypt]

aight there is a little reject from 8 ema daily

[amber hemlock]

ema is not good for above 2h tf

lower tf is good for ema

[clever crypt]

hahha is ema for 1d

not on timeframe only 1d

[amber hemlock]

you use ema 1d only??

I am not sure, price is still in retracement or retrace finished?

I found this trendline strat on youtube

Can we use this as extra confluence?

[clever crypt]

yes

u can close position at 1.06250

[amber hemlock]

can close

but price still in retracement

[clever crypt]

u can t be greedy like that

[amber hemlock]

closed my position

[clever crypt]

good was easy pips

[amber hemlock]

GU still in bullish

[grand bison]

On 30 min and above... Yes. And now (9am EST) on the 5 and 15 min

[sinful sentinel]

GOLD H4 is time to sell

[tall relic]

I don’t think so keep pushing up

It’s the only asset people want with zero risk to loose money on long term banks are collapsing

[grand bison]

Banking problems , weak PPI and retail sales all punished bond yields which in turn pushed up Gold.

[tall relic]

Ya exactly it’s always been the case

It will go down but not yet few more pushes up

[grand bison]

For sure, it goes up and down fast... key issue next week is whether the banking issues go away... FOMC on Wednesday will set the tone again

[tall relic]

Ya I will set my target 🎯 for gold if it goes down

[grand bison]

👍

[tall relic]

I think gold will hit 170 by tonight

[rare zenith]

Guys just a quick message, about to go onto a plane but wanted to do some backtesting. Can you backtest on tradingview while being offline/no wifi?

[blissful leaf]

no

[grand bison]

I wouldnt think so... you need access to their online data history. Is there an option to download a data set?

[grand bison]

Gold to 170? Is that the GLD ticker?

[tall relic]

Ya sorry I mean 1970

[grand bison]

Ok... It is at an H4 LuxAlgo order block at the moment, so has some upside resistance to work through first

[tall relic]

Ya that’s right but it’s so much demand on gold atm anything possible I could be wrong but the momentum so high on upside

[grand bison]

UofM sentiment red news that just came out could help it a bit.

[tall relic]

I already made few quid today but I want to trade one more 😀

Greedy

[grand bison]

Lol... if you made money then take it and enjoy your weekend. There are always more dragons to slay next week.

[tall relic]

True I’m sitting in my gym stuff 😂

Do you only trade GU ?

[grand bison]

I see... avoiding the workout by trading... can relate to that 😀

I move between GU and SPX and occasionally GJ... but yes primarily GU

[tall relic]

Do they move much every day ?

[grand bison]

I live in Pacific time so its a bit rough to trade London and NY, so I focus on NY

Yep, thats why I trade them

[tall relic]

Got ya not far then 😂

Ok I will add them to my list and we can team up for ideas and opinions

[grand bison]

There a couple of guys on here that trade GU.. @viscid shard is very good and willing to share.

[tall relic]

Roger I know him from here

We can all add something to benefit the rewards

[grand bison]

We trade Trend pullbacks, but his approach is more methodical (and better) than mine

[tall relic]

SPX index or cfd

[grand bison]

cfd

[tall relic]

There’s two I’m confused 😅

Ok 👍

Ok fair enough I’m willing for add more knowledge and ideas

His chart very clean

[grand bison]

You have probably seen this, but here is a good site that compares pair volatility, including time of the day... also remember that the value per pip is different for different pairs. https://www.mataf.net/en/forex/tools/volatility

[tall relic]

I will check it out later bro 😎 do you know the view scanner thing I don’t get any notifications

I have tried different things didn’t work

[grand bison]

view scanner? the LuxAlgo bot scanner?

[tall relic]

Yes

To see the market on 4h and 2h

[grand bison]

I dont use it, so not sure if it pushes notifications... would need to check the LuxAlgo manual

[tall relic]

Ok cool 😎

[grand bison]

https://docs.luxalgo.com/lux-algo-premium-indicators/Discord Features/market-scanners

Manual says there is mobile notifications...

Also this announcement on scanners today #🔊announcements message

[tall relic]

Thanks buddy off now chat later 👋

[amber hemlock]

Need separate channel for gold

@mystic niche

@past acorn

[viscid shard]

https://www.tradingview.com/chart/GBPUSD/L4Gj2Fd5-GBP-USD-Trade-Breakdown/

[grand bison]

@viscid shard I took the exact same trade on that 5min retrace with 50 exit…. Textbook trade, without the training wheels (your assistance) 😀

[viscid shard]

🤝

Very nice

Up 4% for the week. Be back next week

Profit split week next week

[grand bison]

Nice.

[viscid shard]

Now Its time to enjoy the weekend🫡

[grand bison]

👍 thanks again

[mystic niche]

We can create

[amber hemlock]

yeah waiting for that

[tall relic]

are these just free pivot indicator on trading view bro?

[viscid shard]

Yes

[tall relic]

made by who is to many

[viscid shard]

It just says pivot points standard

[tall relic]

ok bro thanks i like pivots but never know who to use them

[viscid shard]

https://youtu.be/EpHsc-CHf4E

[tall relic]

thanks are they reliable for profits ?

[viscid shard]

you really asking me that question

[tall relic]

haha is to many strategies

[viscid shard]

So make your own

[tall relic]

i have but i need to explore more

[viscid shard]

as you can clearly see its in my day to day strategy

[tall relic]

mine not to strong yet

[viscid shard]

I only use 3 indicators. Moving averages, pivots and lux

[tall relic]

lux OB ya

im gonna try and learn it this weekend

[viscid shard]

👍🏾

[ebon cove]

Why this gold is rising?

Any one?

[tall relic]

banks weak till next week

[grand bison]

See below in forex news. https://www.dailyfx.com/news/xauusd-gold-prices-jump-as-yields-slump-sentiment-dismal-as-bank-angst-lingers-20230317.html

[dapper cedar]

Cuz
Fed injected 300 billion in economy

[turbid moat]

Hi Mate, i tried to search your v2 setup but unable to find, actually i lost all my charts due to trading view mess up. would you care to share brother

[tawny sandal]

#💱forex-chat message

[turbid moat]

Thaank u brother

[keen kindle]

Hello folks new to this place. I have just been back testing the lux indicator and I find that the change in trend catcher colour can be taken as confirmed change in direction of the trend on 1 hr chart for major forex currencies. What are your thoughts ? Do you use any other confirmation on top of that to enter a trade? I keep low aspiration in terms of the PIPS that I want to capture after I enter the trade. Somewhere around like 50-60 pips. Any other proven strategies or suggestions ? Please help.

[viscid shard]

https://youtu.be/vpSjJpCpwSE

[keen kindle]

Thanks

[viscid shard]

🤝

[jaunty patrol]

hi

just want to ask if someone is using Swing points in SMC concept and how precise they are??

[glossy turtle]

SMC with PA is very very useful

[grand bison]

The LuxAlgo Price Action Concepts suite is the best I have seen. Personally, I rely heavily on the market structure part of the suite to indicate reversals (Change of Character) and continuations (Break of Structure), including some alerts. I do check the CHoCH and BoS lines for precision… I understand how they are drawn in LuxAlgo, but occasionally I will use a slightly different swing point. However, using the LuxAlgo indicator is a lot easier than drawing market structure manually.

[clever crypt]

Have a good day in trading today guys

[analog locust]

You too. Thanks

[grand bison]

JHIN, do you trade breakouts above/below swing highs/lows?

[amber hemlock]

Why did you take this trade?

because I see more resistance

[viscid shard]

I see break of structure, support formed with an engulfing candle.

he entered after candle close and tight stop loss below

[amber hemlock]

1st tp will be 1.06800 right?

[viscid shard]

His tp is on his chart

“be” is Breakeven . Thats his TP 1

[amber hemlock]

hmm

any good video to learn to write S/R correctly?

[viscid shard]

Ill send you the vid i learned how to use it

[amber hemlock]

thanks brother

[viscid shard]

https://youtu.be/GMGmXOxZHIM

Just make sure you know market structure before trading support and resistance

[amber hemlock]

Yes, I have learned market structure

so, this is method
Draw S/R
Wait for breakout and retest at key levels
Check the candlestick pattern
Extra confluence like trendline, EMA

[viscid shard]

I use it with pullbacks and fibonacci . I dont trade breakouts

[amber hemlock]

could you please explain about this strat?

[viscid shard]

And engulfing candles.

[amber hemlock]

only engulfing candles?

What about morning, evening stars?

[viscid shard]

Candle or engulfing pattern

Yea

Morning star is an engulfing pattern

[amber hemlock]

doji+engulfing is Morning star?

[amber hemlock]

for uptrend

[viscid shard]

Yes but name doesnt matter just look for doji and engulfing. Dont confuse yourself

[amber hemlock]

okay

[amber hemlock]

you wait for pullbacks in higher TF like 4 hours and enter at 30mins TF?

[viscid shard]

I enter on 15min now

Use 1h , 15min and 5

[amber hemlock]

pullback should happen at higher TF and you enter at lower TF when MS happened?

[viscid shard]

Just depends if im trading the 1h retracement or impulse

[amber hemlock]

okay bro

Now GU is in impulse at 1h right?

[clever crypt]

@grand bisonyes sir

once i see this candle had no bearish momentum i know the support is strong enough to hold the support and we re gonna push up

:))

like how the begginer learning:))

@amber hemlockthere is resistence for 5 min

[amber hemlock]

Yes but I see resistance at 1.06800 too

you put BE at 1.06840

[clever crypt]

@amber hemlockyes and was never taken that be

i have it now at 1.06920

easy

@amber hemlockwhen resistenge is broken u can expect a fakeout , or retest the resistenge but never close below

ar an linear uptrend like that

[amber hemlock]

okay brother

[clever crypt]

what strategy do u have?

[amber hemlock]

breakout and retest

[clever crypt]

how u identify support and resistence?

[amber hemlock]

this is my 4h S/R

[clever crypt]

witch ema is that?

[amber hemlock]

8 and 14

[clever crypt]

u using 8 ema at all tf?

[amber hemlock]

I use at entry TF only which is 5m

It seems I have too many lines

In which tf you draw S/R?

[clever crypt]

i look at that and i can see that is no resistence or something like that

i start with w d 4h 1h 15m 5m

resistence and support i can do in 5 min cuz is more accurate

[amber hemlock]

so you use higher tf to catch the trend only?

[clever crypt]

i use higher tf for look at the trend and see i m in resistence or support than i looking for resistence and support in lower tf

this is on 5 min tf

r/s

[amber hemlock]

What if you're in middle no S/R at higher tf but you're in S/R at lower tf then you enter trade?

[clever crypt]

i wait to be broken s/r

[amber hemlock]

in higher tf?

[clever crypt]

higher tf s/r is just to predict witch way the trand going

[amber hemlock]

okay

[clever crypt]

today or tomorrow eu will grab that high

[stiff vigil]

-t help

[clever crypt]

witch is 1.07600

[amber hemlock]

I see

[clever crypt]

RR 6.59 let s go

[amber hemlock]

Why you didn't draw resistance line here?

[clever crypt]

u must look at the past too

from there u take most of information were can be resistence or support

@amber hemlockcuz there is no equal top

[amber hemlock]

got you

[clever crypt]

if u take fib and take from top to bottom u can look there is just a retest

[amber hemlock]

so, to draw line there should be atleast 2 eql tops or bottoms?

[clever crypt]

not necesarry

u most to look behind

like where was a resistence 2 y ago

[amber hemlock]

then found retest and take tops and bottoms only?

[clever crypt]

no

didn t matter

there was support

i took that trade

30 pips down

2 min trade 30 pips on gold

[amber hemlock]

is this support too?

[clever crypt]

is a fake target:))

there

a little bit higher

1977

there

[amber hemlock]

target is 1968?

[clever crypt]

yes

[amber hemlock]

When you use fib?

[clever crypt]

when i lookin for pullback

[amber hemlock]

okay

now EU is in pullback at 5m?

[clever crypt]

first tp 1968.16

when is there u and is going up again u can consider a pullback

or at 88.6 fib

[amber hemlock]

I am using fib like this last HL and last HH

BUt i am confused how to use it?

[clever crypt]

so to consider a pullback u most use ur fib

from last ll

to the last hh

when u have at fib 88.6 78,5 61.6 u consider as a pullback when u see the price rejecting from that zone

right in support

gold has a pullback right in 88.6

[amber hemlock]

hh to ll for downtrend?

[clever crypt]

lemme see

ur chart

[clever crypt]

don t use fib with 5 min tf

1h

something like that

close ur position on gold

or can u let there but on be

cuz if u lookin at 4h there is no support

[amber hemlock]

okay

[amber hemlock]

this is 1h?

[clever crypt]

u most follow the trend

u can t do from hh to ll

that help u 1h cuz there is the trend

oh 5 min si downtrend in 1h is uptrend

so use fib s on 1h

don t trade gold cuz in the 1h tf is no bottom wick

[amber hemlock]

1h is uptrend and retracing now?

[clever crypt]

put the fib s how i trying to paint for u :))

1 to be down and 0 to be up

like that

will help u more to see there is a little pullback

[amber hemlock]

4h support at 1957?

[viscid shard]

https://www.tradingview.com/chart/GBPUSD/Fk9cTm1B-GBP-USD-Trade-Breakdown/

[amber hemlock]

What is 1h and 4h flip means?

[viscid shard]

The candles flipped bullish or bearish

[amber hemlock]

okay

[viscid shard]

🤝

[grand bison]

That almost qualifies as a breakout trade Malik 😂

[viscid shard]

No🙄

Pullback 0.382🙄😂

[grand bison]

👍

[viscid shard]

Look at the structure on the 15min to the left. Break, perfect retest, take off😒

[amber hemlock]

Why did you put tp at 0.62 instead of 0.27?

[viscid shard]

RR wasnt high enough

[amber hemlock]

yes

[viscid shard]

Are you taking what i sent u

[amber hemlock]

no, I am just asking

[viscid shard]

I know im just trying to follow up with u to make sure you finish it

It will answer alot of the questions that u have

[amber hemlock]

I have already finished it

I have to take it again

[viscid shard]

Alright

[scarlet tree]

GBPJPY - Add short

[viscid shard]

I would wait until london session.

[snow beacon]

yo

[snow beacon]

hot

[alpine bronze]

Hi there

Need few suggestions regarding the setup

[viscid shard]

Bumboclottttt

I can barely see price😭

[alpine bronze]

Done what's next

[viscid shard]

What are you wanting to trade. Fx pairs?

[alpine bronze]

Not decided yet but from 3 months trying to have some kind of setup first

[viscid shard]

Have you taken a full course yet

[alpine bronze]

Na I believe in self trust

[viscid shard]

Are you ok

You need to take a course or get mentored

This is a business , trading isnt a game lol

[alpine bronze]

I try but after some time they vanished from market

So trying to be self dependent

This is what I learnt so far

@viscid shard thanks sir

I also feel sometime I need one

[viscid shard]

Youre welcome

[snow beacon]

dm me

[neon lagoon]

Morning guys

[clever crypt]

good morning sir

[neon lagoon]

Do you give me a strategy for gold that at least takes you to a position between 15 and 20 pips

[clever crypt]

breakouts

50 pips 20 min

[neon lagoon]

Sir, my problem is with these that I drew a circle around them

[clever crypt]

the signal ?

[neon lagoon]

Yes

[clever crypt]

i use that signal just for confirmation

for know that i look good for buy or sell

[neon lagoon]

These signals always fool me

[clever crypt]

what strategy do u have?

follow the signal or what?:)))

[neon lagoon]

I use lux algo and cacher signals

[clever crypt]

aight for me that signal mean nothing

so use first of all ur strategy and take the signal as a confirmation

not like a trade

[neon lagoon]

Your strategy is very interesting

[clever crypt]

and easy aswell

[neon lagoon]

Yes, easy
What is the indicator that you recognize failures?

[clever crypt]

i don t have a indicator for that:))

i trade without indicator most of time

maybe with 8 ema

[neon lagoon]

I can use luxalgo block order to detect broken

Thank you for your answer
You have done me a great favor

[amber hemlock]

Where can I get this indiactor?

[neon lagoon]

Tankyou

[clever crypt]

yo sr with an indicator.....

is like a shit

[amber hemlock]

Yeah. I see

[neon lagoon]

I do not find this indicator

[serene fern]

@clever crypt I may missed your strat. Can you share?

[clever crypt]

my strategy is breakouts

[amber hemlock]

fib correct?

[viscid shard]

https://www.tradingview.com/chart/GBPUSD/DJjEpu5v-GBP-USD-Trade-Breakdown/

[viscid shard]

No

[amber hemlock]

Whats wrong?

[viscid shard]

You see where that bearish candle is by the 0.786

The move happened with that push

The fib starts there

I just traded with the fib, look at my breakdown

[amber hemlock]

correct?

checking yours now

[viscid shard]

No

[amber hemlock]

can you draw fib for gold?

[viscid shard]

Start it from there

Thats a 5min fib tho i wouldnt even be using fib on 5min timeframe unless you know what youre doing fr

[amber hemlock]

this is same as yours

[viscid shard]

No its not.. im telling u start the fib where i put the red line

[amber hemlock]

ohh okay

[viscid shard]

.

[amber hemlock]

15m and 1h only?

you enter trade at 5m

[viscid shard]

No i enter on 15min did you even read my breakdown

[amber hemlock]

no, I missed to read it, just saw your chart only

let me read it

[viscid shard]

😐

Alright

[amber hemlock]

👍🏼

[viscid shard]

Waiting for another setup so will post another later if i take one

[amber hemlock]

okay

[static ether]

Hello everyone can someone give me a best setting for the indicator lux algo premium.

For example a good confirmation signal?

[viscid shard]

Depends on what timeframe youre using

[static ether]

I am using the 5 min

[viscid shard]

Long term, gradient candlesticks

Auto pilot

[static ether]

I am still making loss bro

I have already enable it

[viscid shard]

Because you are relying on the indicator for entries

[clever crypt]

facts

[viscid shard]

You need to use the indicator as confluence to your entries

[clever crypt]

:))

[static ether]

I need to wait for the exit?

[viscid shard]

😭

[clever crypt]

be patient bro:))

[viscid shard]

You need an entry signal. Do not let the algo be your entry signal, let the algo be used as confluence. For example my entry signal is candle closure. Some peoples entry signal is wick rejection

You need to find out what kind of trader you are

https://youtube.com/shorts/QaPDYVwDneA?feature=share

[clever crypt]

sheet

[viscid shard]

Watch this

[viscid shard]

@static ether

[clever crypt]

why i close my treade on eurusd:))

[viscid shard]

Smh

[tall relic]

Are you considering long for gold ?

Been at work all day can’t check my charts 😂

[clever crypt]

we trade forex also we can expect to a buy too

[amber hemlock]

gold is in sideways?

[clever crypt]

My best friend says can do money on forex ? and i said no it s a scam

:)))

lul

[viscid shard]

😂😂

[viscid shard]

IML

[grand bison]

@viscid shard waiting for the MS of the 3 TF to align?

[amber hemlock]

S/R is good?

[spare robin]

what does, optibot do? should i use that as a pattern entry/idea for entry?

[grand bison]

Look under discord features in the LuxAlgo manual https://docs.luxalgo.com/lux-algo-premium-indicators/Discord Features/bots

[amber hemlock]

target is 1.21700

possible to add fib to above trade?

[pulsar nymph]

Hey guys im new here can you help to find best strategy for quick scalps?

[spiral kestrel]

I's suggest you take a look into Smart Money Concepts and ICT

https://www.studocu.com/pt-br/document/faculdade-do-leste-mineiro-faculeste/money-and-bank/inner-circle-trader-ict-forex-ict-notespdf/17916813

[pulsar nymph]

so much information here 😮

[pulsar nymph]

can you recomend strategy with premium signals? 😄

[viscid shard]

I need atleast 2 timeframes to correlate before I take an entry

[wary torrent]

Hello, can I ask you people if autopilot is good enough or you change setting following the optibot ?

[viscid shard]

I use auto pilot, long term gradient candles

[viscid shard]

It is good enough just dont rely on it solely.

[wary torrent]

Of course, it is just because I was having a look at it and trying to understand what was the best way to use it

[viscid shard]

I use it on a lower timeframe then my entry timeframe

So i take my entries on 30 or 15, ill use it on the 5min with long term so less false signals

And gradient candles since they show volume better than normal candles. Im a scalper

[viscid shard]

https://www.tradingview.com/u/MalikTrades_/

You can see how i use it in my trade breakdowns

[viscid shard]

Late entry but GG’s

[clever crypt]

late for u

for me is a good one

[fringe sparrow]

HOT

[tardy radish]

what is candle closer?

[viscid shard]

So 15 min timeframe, every 15minutes the candles close

[tardy radish]

yeh

[viscid shard]

So thats what i mean. I enter after the candle closes. That also gives me time to setup my trade, use my trade calculator to calculate my % based risk etc.

[tardy radish]

so if it opens green, you go long, if it goes red u short?

when do you know what candle to choose?

[viscid shard]

If bullish market structure, right after a bearish candle when its pulling back

Stop loss below

Look at my trades.

https://www.tradingview.com/u/MalikTrades_/

I know i have stoploss at breakeven

But the engulfing candles my stop loss is under that

Some people do not like this mentor but this is exactly how i enter and it works

https://youtu.be/GMGmXOxZHIM

[winter gust]

What’s happened to the Lux algo indicator they gone crap give too many false signals on buy n sell before they was decent now just pure Shit

[coarse fulcrum]

@winter gust has earned the Lux Level 1 role!

<@!1018218678526939166> just levelled up

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

[viscid shard]

You need to relax. Lux is fine

[winter gust]

What time you trading on

Timeframe

[viscid shard]

With lux, 5min

Entries on 15

[brazen knot]

Howdy folks, what's peoples views for the fed meeting later this week?

[static ether]

Can i enter the sell entry right here?

[static ether]

?

[dusty edge]

up 400 pips on gbp/usd massive bullish pump

can anyone explain what happened

[dreamy narwhal]

Always check daily news: https://www.forexfactory.com/calendar?day=today#detail=133394

[dusty edge]

thank you

[coarse fulcrum]

@kind grove has earned the Lux Level 1 role!

<@!851139776521437194> just levelled up

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

[kind grove]

Buy eugbp 1hr candle strong rejection 15 min. strong buy LUX
Target hit

@viscid shard Thanks for teaching something valuable

[viscid shard]

🤝

Anytime

[sick crow]

Why am not seeing any idea from u sir

[viscid shard]

Hmm. Thats odd🤔

Is it because of your country? Where are you located

[sick crow]

India

[viscid shard]

https://www.tradingview.com/chart/GBPUSD/DJjEpu5v-GBP-USD-Trade-Breakdown/

[sick crow]

Where are you from sir

[viscid shard]

Can you see this

United states

[sick crow]

Malik is a hindi/urdu name

[viscid shard]

🇯🇲

[sick crow]

Yes

[viscid shard]

Must be a trading view bug. Have no idea

[sick crow]

Sir do you have any classes or course

I mean do you teach

[viscid shard]

I do not.

I Can send you stuff in here and guide you in the right direction

[sick crow]

Ok sir, my bad then

[viscid shard]

Youre good

[sick crow]

Yes please

[viscid shard]

https://youtu.be/TCB0qkk3vmk

Use lux premium

[sick crow]

Sir, I am doing quite good for like 7-8 times out of 10

But that remaining 1-2 trade takes away everything

[viscid shard]

Very nice

Ohh no no

[sick crow]

I don't know how to manage my risk

[viscid shard]

What do you use to calculate your risk

[sick crow]

Where i can learn about that part

[viscid shard]

I can just give you the strategy i use and you can try it

Risk 1% of your account balance per trade. Use a risk calculator

https://apps.apple.com/us/app/clarity-forex/id1585041739
Download this and use the calculator its free

[sick crow]

In reality sir, i dont use any sl. I just take a trade and then i wait for it to be in profit
I know it will wipe out my account but i cant control it

[viscid shard]

You need to use a stop loss and take profit

[sick crow]

I am trying but whenever i put a sl, no matter where i put it it is gone

[viscid shard]

https://youtu.be/O4H77JY-8sI

[sick crow]

Clarity forex is not working while i try it with Xau usd

I have tried

[viscid shard]

I just noticed. Try stinu app

https://apps.apple.com/us/app/stinu-position-size-calculator/id1415292923

[sick crow]

Like this, i think that its gonna be a fakeout... I am not entering in buy side

Waiting for breaking the channel downside

[viscid shard]

As long as youre following your rules

[sick crow]

Sir, can you please help me with building a trading setup

I mean what should be the ideal conditions according to you for entering in a trade

[viscid shard]

Know what session your pair moves in and what time you need to trade

[sick crow]

Yes sir, that i know for sure... I am trading 99.9% only in gold in new York session

[viscid shard]

Thats good

[sick crow]

Thats according to local time 1730hrs but thats the main timing when all US data comes in... So the volatility is extremely high

I have even tried an EA but it was based on martingle strategy. So it works very well in range but give huge loss when market is trendy

[viscid shard]

The trend is your friend

Why would you trade a strategy thats not good in a trending market

[sick crow]

You know Sir, the same reason every beginner trader thinks in starting.... To earn easy money, to double my account and so many other expectations

[viscid shard]

This is a marathon not a sprint

Be patient

Look at the video i sent you, learn how to trade market structure then use lux indicators ontop of it that give you more confidence when you enter your trades

[sick crow]

Ok sir thank you very much