💱forex-chat

[twin spade]

nice

what does neo cloud act as?

[echo kiln]

Trend and support

[twin spade]

alright

[echo kiln]

#🧠core-lessons

[twin spade]

i will watch

[echo kiln]

Most of your questions will be answered here

[twin spade]

thank you very much

[twin spade]

can i show u some stuff in vip chat?

[echo kiln]

sure

[twin spade]

thx

[twin spade]

VC

[echo kiln]

?

[dreamy narwhal]

I think he meant VIP chat

or screen sharing

[echo kiln]

Ahhhhhh

[echo kiln]

I can help here in fx chat

[icy cliff]

Hello Micky I hope you are doing well, how do you determine your entries?

[left flax]

https://twitter.com/watcherguru/status/1645484632027144195?s=46&t=-e807v_0kFc_4gNa_Oqw6w

Watcher.Guru (@WatcherGuru)

JUST IN: 🇺🇸 Bank of America warns the US economy is at risk of shirking in Q2.

Likes

4331

Retweets

964

Twitter · Apr 10, 2023, 5:51 PM

[echo kiln]

As an example, use 1H for trend bias, 15m for entry and management. If 1H trending long, I will wait for a pull back on 15m, and when 15m triggers a long trend, I enter and manage the trade.

Here are some old posts:

#💱forex-chat message

#💱forex-chat message

These simple strats I came up with ideas from LuxAlgo YouTube shorts.

If you scroll and scan through these rooms/chats, there are other members that post some great strats as well.

[hardy oracle]

can we use the algo on MT4 ?

[hasty harbor]

good morning

[left flax]

Morning

[merry venture]

good morning

[sick crow]

Which algo

[fresh sparrow]

Morning all

[solar python]

another winner on eur/usd 1:2 Risk reward

[twin spade]

niceee

[twin spade]

what strategy u use?

[dreamy narwhal]

It's a separate product and not the full suite, but new subs have been temporarily halted.

[hardy oracle]

the lux algo

[hardy oracle]

oh ok

[sick crow]

Its only for tradingview... But you can purchase another one for mt4 from luxalgo website

[solar python]

neo cloud + trend tracer + trend catcher + price action concepts

And yeah ultimate macd

[meager valley]

hello everyone, i just got a account with Oanda and began trading just now, what is beste position size for beginners who just got started?

so far i been getting my feet wet with 1000 units

and so far earned 60 cents lol

[hardy oracle]

ok cool

[sick crow]

0.01 for testing your strategy and psychology

[oblique siren]

this is gu rn

if i were to theorietically get into a long, would i wait for a rebound off of the blue line or wait to see if it forms a double top to then not enter?

current overall trend on 4h and daily is bullish

[sick crow]

Try contacting @viscid shard or @fresh sparrow

[fresh sparrow]

nice trade here 1:1 on GOLD

broke through the bottom order block, good if anyone still in.

[past acorn]

not currently

[oblique siren]

afternoon Smack

[safe nacelle]

@fresh sparrow how do you color this orderblocks?

[echo kiln]

Morning 👋

[molten hollow]

GBP/JPY is in an excellent range to continue a long position. Do you think we'll go far today?

[echo kiln]

EU looking good today

[molten hollow]

Yes, a good impulse, I did not look after him

[molten hollow]

Classic like in the books

[solar python]

looks like it will either form top here and make correction or break the top and retest✅

[echo kiln]

All trends come to an end soon right? and heading into the last hours of London. So I would say, that's it for the day if your in. Shut it down 🤷🏻‍♂️

[solar python]

yeah already cashed out on euro so we'll see you at tomorrow london.

does anyone know if it's possible to change color of neo cloud?

[molten hollow]

I think no.

[fresh sparrow]

nice trade on the way back up as well on GOLD

[molten hollow]

Good job

[icy cliff]

Hello Reiss, How did you determine the entry for this trade?

[fresh sparrow]

1:1 R:R, have to be strict, Green buy signal, green trend catcher blue on oscillator, ChoCH before entry and held bullish OB on 5m. You have to be strict though because there's a risk here in that the trend tracer is red, normally I wait for all five to be ✅

[icy cliff]

You mean that OB down there on $1997?

[fresh sparrow]

No, 2000

here

[icy cliff]

Oh, Im sorry I thought this was a trade you had taken already, not a set up, now it makes much more sense to me, I just couldn´t see how you entered and was really curious, thank you

Is that osci the ultimate MACD? how do you get those colors?

[fresh sparrow]

My Oscillator Settings

[indigo basin]

Hi Micky, Why my candle color is different from yours?

[echo kiln]

Your settings and your broker data feed are different than mine

I have live Oanada acct data. Auto pilot short term trend

[molten hollow]

The weak long walks

Stop Lossless

[indigo basin]

Got you, Tks bro.

[icy cliff]

Thank you 😄

[hasty harbor]

Good afternoon/evening

[echo kiln]

https://www.instagram.com/reel/Cq5c8iKsh2Q/?igshid=YmMyMTA2M2Y=

This is pretty much it

[hasty harbor]

Anyone her trade SMC, OB, Liquidity concepts?

[ruby ivy]

definitely

[hasty harbor]

great, i've been started using it as it gives great RR.

How you mark your charts & how you decide on entry criteria?

[solar python]

https://www.tradingview.com/x/pVPutpw2/ looking for those candles & tracer turn green, bos confirmation

[icy cliff]

what are your settings? they are green for me for some reason

[solar python]

autopilot mid-term

[icy cliff]

oh thats why, thank you, are you going to take a long here?

[icy cliff]

if so, would you mind explaining your entry? Im new and I want to see how you use LuxAlgo

[solar python]

Not here, i'm just watching it now 🙂

[solar python]

It has currently pretty low volatility so i'm currently just waiting for some volume

[little mortar]

what is te best time frame for using the luxalgo indicators??

[echo kiln]

#🧠core-lessons message

[livid scarab]

@fresh sparrow are you doing just price action 5m entrance with sl slightly above ob , 30m ob targets .
Oscillator below 30 for short and 70 ?

[ruby ivy]

Have you went through the ICT core content or 2022 mentorship ? I mainly do the London and NY open and look for Judas swings as well as the silver bullet moves he just covered. Wait for some macro draw on liquidity and then target pd arays and liquidity in the other direction. I rinse and repeat and try not to overtrade 😊

[hasty harbor]

Thanks for the insight, though havent heard about ICT mentorship, would appreciate if you can provide any input on that. Thanks

[errant mason]

Everyone should make money today

[fresh sparrow]

@livid scarab I wrote it here.

[livid scarab]

Cool bro I tested it last night, it works well. Thanks geezer.

[solar python]

it's all good man

[ruby ivy]

ICT is the man who invented the FVG, VI, OB, IPDA terminology we use today and the entire smart money concept. The market is algorithmic and completely rigged, there's no such thing as support and resistance, just liquidity. In his daily livestreams he literally shows you where price will likely go. Go through his playlists, Market Maker Primer, Scout Sniper and Mentorship 2022 are key, but I would watch them all if you can. It will take a really long time, but trust me it's worth it. I've been trading for many years and his method is the ultimate red pill, you'll never see the market the same way again 😉 https://www.youtube.com/@InnerCircleTrader/playlists

[graceful siren]

Guys why agility has been removed after update. Anyone?

[livid scarab]

It's now auto mate ,

It's now at optimal sensitivity

I think that's what it is , if you go to announcements and you see the 6.0.1 update buddy

[hasty harbor]

He now got 2023 mentorship playlist also. I remember coming across his channel 2 years back. sad i ignored

[ruby ivy]

dude I wish I would've found him years ago too hah.. better late than never. The 2023 is a must, but save it for last, get through his earlier stuff first so you better understand it.

[hasty harbor]

I learned SMC already but from somewhere else, so I am famillier with that, and already trading it, but I feel I am missing the edge.

[ruby ivy]

the edge comes from identifying macro liquidity in the market and waiting for a displacement and for price to make a move. ICT always talks about time and price and it's so true. Patience is key. There are certain times a day when the algo makes a run on liquidity and provides high probability trading opportunities. The thing is to wait for these high probability opportunities and leave the rest of the chop alone

that's the hardest part, when to know to walk away. I've learned to become so patient lately 😆

[hasty harbor]

Thanks for the insights, lets see how much time I will need to control on to my nerves

[ruby ivy]

sure thing brother, enjoy the lessons and don't give up when you don't understand everything immediately because it will be overwhelming. It will click eventually

[hasty harbor]

Sure thats the only way

[fresh sparrow]

Nice trade in London sesh

missed this one because not trading on news until after 1:30 personally...

[livid scarab]

Yeah caught that one dude boom. 🔥

[fresh sparrow]

let's gooo

[dreamy narwhal]

For the person who was asking about candle colors, note that if other indicators are on your chart, the order in which you add the indicators will dictate which candle coloring will take priority.

[dark crow]

Was a very good trade! Thanks @fresh sparrow for sharing the setups and rules!

[oblique siren]

i think everything is about to hit the fan on gu

with the amount of events in under an hour

[supple meteor]

all forex goanna hit at once. sometimes i think how easy for those motherfucker makes billions in 1 seconds

they dont give any chance to move your sl/tp 😂

alot slippage happens too.

[fresh sparrow]

and Gold goes

[oblique siren]

same with gu

so in theory

this will pullback @fresh sparrow

?

[solar python]

let's go, 5 to 1 rr

[fresh sparrow]

what do you mean?

[oblique siren]

the majority of the time i've seen some big news, the price usually reverts back to roughly near its normal price

[fresh sparrow]

this is why people don't trade news, because you don't know... you either make decision before or after... if you miss before, then you need to wait. The price MIGHT revert but you don't know..

right now it's just gone from 2007.31 to 2026.60 and climbing..

like right now you've been waiting for a pullback and it's still going lol

[fresh sparrow]

Took the pullback against the 61.8% value on fibs. Entered on Buy LIMIT with SL at 1:1 R:R

[oblique siren]

i got a few good trades in as well

[fresh sparrow]

I just took one trade

[oblique siren]

that's what i got

whoops

better

[fresh sparrow]

let's go

the win value is more than the loss value

[oblique siren]

very happy with this, didn't really want to trade the news but wanted to take a bit of a risk

[fresh sparrow]

best to wait for the pullback in future, you see here and take one entry to reduce risk, if you wait for the 61.8% value to be hit then you TP at 78.6% or 1:1, you have to be smart trading news because it can go against you very quickly... like we are already nearing the 61.8% value again. @echo kiln just to be sure as well, is this the right way to use Fibs?

[left flax]

I like it like thaaat !!

[echo kiln]

Fibs are subjective, as you will place the 2 touches on the most recent swing high/low, So in this instance, your swing low is actually the news release pump bar, and the swing high is the end of this pump 3 bars later. That about 6 minutes on your 2m chart. So I wouldnt put too much emphasis on these fib levels, as trading news pump is just that, pure guessing game.....

[fresh sparrow]

yeah, I understand, I was trading more momentum here than anything and I've noticed the pullback every time there's news and used Fibs to determine an entry but it's still a lot of patience. I don't trade news again, unless all my conditions are met.

[echo kiln]

But yeah, thats looks about right with fibs, it's tough as many traders will use different touch points for their fib levels......

[icy cliff]

Are your conditions the ones you shared before? green candle, green catcher and blue osci?

[fresh sparrow]

I also normally classify the colour of Fibs in terms of risk, as right now we're at the 50% value, so it's less risk opening a long here then opening the trade at 61.8% value. 38.2% is safe, and 23.6% is very safe. But again, goes back to what you said, every trade is different.

[echo kiln]

Yeah, im not much of a fib trader as price will do whatever it does during pullbacks.

[fresh sparrow]

On this, no, this is more of a momentum trade.

[echo kiln]

3 stages of a wave, breakout, retracement, and continuation.

The goal for me is to try to get in somewhere between retracement and continuation

[languid isle]

Anyone know why the huge dump on USDJPY?

I was short at 134 last night and close it at 133.83 🤦‍♂️

[dreamy narwhal]

Be careful on red news days ... today is CPI.

[languid isle]

That’s why I closed my trade in profit last night but damned if I would have 10x my profit this morning

[dreamy narwhal]

Could have easily gone the other way too. Perhaps close partial and let it ride next time?

[languid isle]

Yeah I probably should have closed half and maybe tighten my stop, but looking at the charts from overnight I could have been stopped out potentially if I had pulled my stops in. Donut trades have been a problem for me so I tend to book profits once I feel like I caught the bulk of a move

[twin spade]

yoo

BOC Press Conference in about 5 mins

[spiral talon]

是的，今晚要小心

[twin spade]

?

[echo kiln]

I think it means, "be careful today" because of news day

[quasi folio]

4

[twin spade]

it says fomc meeting

does it mean it will go up?

[brisk sable]

🤣 ✅

[dapper jolt]

All depends on positioning

Now no surprises so not much movement

Dollar still on the backfoot

[solar python]

nothing is guaranteed in fx unfortunately

[solar python]

it may go up but it also may move down before doing it, and a lot

[echo kiln]

https://tenor.com/view/dice-gif-4717877

[left flax]

ditto

[solar python]

Good morning. Be careful guys when trading euro and gbp pairs, Germany inflation data upcoming

[hasty harbor]

your fibs looks upside down bro

[fresh sparrow]

Thank you bro still learning fibs really

[hasty harbor]

This is how I use fibs, start from the left corner to right corner.

[icy cliff]

What do you guys think about EURUSD?

[fresh sparrow]

There was just a spike no lool

I just checked the chart

Setup would've been nice

[livid scarab]

@fresh sparrow bro definitely a choch and not a bos on entry ?

[fresh sparrow]

Wait, my sensitivity is off

There we go

[icy cliff]

what would have been your set up for this?

[solar python]

https://www.tradingview.com/x/3H4BPjjB/ eurusd is bae

[fresh sparrow]

CHoCH or BOS in colour of indicator before entry.

[livid scarab]

Ok cheers mate .

[hasty harbor]

I entered GU on retest of FVG

[fresh sparrow]

Same as before, waited for green strong, bullish CHoCH, trend tracer (I think) is green and oscillator is blue. But I would've taken 1:1 R:R

[fresh sparrow]

Nice, this is a good strategy, thanks for sharing, I never know how to trade the FVG's

[fresh sparrow]

I say I think because I never know off the top of my head which is catcher and tracer 😂😂😂

[fresh sparrow]

Never seen someone use the 7m chart 😂😂

[livid scarab]

What's FVG guys ?

[hasty harbor]

its same old stuff, its just that entry is not at the breakout but at a retest of an FVG. this way can get buy some time to calculate lot size and othershit and keep SL little tight resulting in better RR

[shrewd sky]

I got in on this, still learning but 10RR

[fresh sparrow]

Will look for that in NY session, I've realised benefit of living in London is we can pick which session to trade 👀

[fresh sparrow]

Good shit man!

That's a nice swing trade

[shrewd sky]

I’ve held it since Monday morning, sticking to my rules of entering once all 3 confluences are met.

I’m working constantly so I can’t check the charts every half an hour, so I think swing is best for me atm

[hasty harbor]

great catch. Are you following any strat or just marking charts and taking positions?

[fresh sparrow]

Yeah, I was just gonna say 4 X 16 = 64 hours or 3 days haha

[fresh sparrow]

It's good to see so many different strategies and opportunities this morning in the channel 🙏🏾

You just gotta find what works for you

[shrewd sky]

Marking charts from top down, using Trendlines, Supply & Demand, Support and Resistance, breakouts of those, and then candlestick patterns, MA crossovers, bullish or bearish momentum, just literally only entering once I got a lot of confluences like I did on that trade.

All weekend I didn’t have a break I was just learning, writing things down in my notepad even drawing charts onto paper😂 but obviously it’s paid off I just need to stick to it now

[hasty harbor]

EU & GU both at the H4 supply zone. I shall wait for to invalidate the supply zone and rise to heaven or grab the liquidity to melt till the hell.

[shrewd sky]

I’ve closed it now because there’s news soon

[icy cliff]

what signs would you need to know if EU will still go up?

[shrewd sky]

Last time it got to this area it melted, pretty much haha like he said😂

Looks too bullish to me

[hasty harbor]

Thats great how ever you must have a proper strategy to trade. strat is the edge that you have in the market. mark the charts for the Point of interest and wait till market reach to your POI. strat shall have proper entry, SL & TP criteria. I traded for 2 years based on pure analysis stuff all over, but but just going for setup based on analysis gives setups every minute. good luck

[hasty harbor]

Are you trading with demo account or live account?

[hasty harbor]

PAC shows EU is on h4 supply. Job of the supply to melt the market. if supply invalidates, there exist demand that over powered the supply. We can look for longs when market pullback to that demand. once market fall in the demand zone we can use javs strat on 5 min to look for longs. if supply gets respected, then let market break the LTF demands. once LTF demand gets invalidates it shows supply in control, we shall wait till market expands in to the supply zone and use strat to short on 5 min confirmation. (Opinion only)

[shrewd sky]

I’m doing demo until the end of this month If I’m profitable with this strategy. At the moment I’m profitable, but using 1% risk aiming for 3RR + every trade

[shrewd sky]

Looks too strong for it to reverse though, do you not think?

[icy cliff]

What is javs strat? sorry im kind of new in here

[hasty harbor]

Awesome, I also risk less than 1% at all times, usually .25% or 0.5% risk only.

[shrewd sky]

Do you layer your trades?

[hasty harbor]

not tried yet

[hasty harbor]

use search box. a strat by one of the user here, however it was using the older version of the lux tools so you got to modify it according to your style.

[hasty harbor]

I shall wait till market break in or breakout from the zone.

[shrewd sky]

1hr and 4hr looks too strong imo, had a BOS on the 1hr as well right at the key level so will have to wait like you said

[hasty harbor]

completed. Also had potential re entry on 5min FVGwhich I didnt took. Because its in the supply zone at HTF

[shrewd sky]

Before I turned on PAC, I marked out my key levels, and then I turned it on. Noticed the order blocks match my key levels which is something I also look for, just shows my analysis is getting better

[icy cliff]

Thank you

[icy cliff]

do you take entries at the edge of the FVG ? do you have any other entry rule?

[hasty harbor]

middle of the FVG

[icy cliff]

ohh nice, do you take any FVG Retest or is there a rule for entering?

[hasty harbor]

Just found this example on gold. You can create your own rules. They key point is our start is our religion, rules are our god. Shall refrain from violation of our own rules. Control FOMO, fear and greed. Be indiffrent to losses and just rinse & repeat the strat with risk management & market shall reward us. Otherwise market can punish us for blasphemy & we may blow multiple accounts😂

[icy cliff]

i think I understand most of it, its just that I can't understand the quick scalp that you mention

[hasty harbor]

Well, usually scalpers enter the trade as soon as the candle close with all indicators lined up with 1:1 RR

[hasty harbor]

Looking this for EJ

USDCAD entered 4h demand now

[royal fable]

Guys, quick question: in a bearish market, the structure gets to an OB with the red half larger than the green one...does that mean that there are more sellers and the OB will be mitigated continuing the bearish until next OB or will it reverse? Thanks.

[hasty harbor]

you have any confluence to short?

[shrewd sky]

Just the 30m candlestick pattern I highlighted in the chat, so I won’t be entering just yet. Waiting for more confluence

[shrewd sky]

It’s at a resistance area, 30m evening doji star, just waiting for a few more confluence then possible entry

[shrewd sky]

I had this as well

[hasty harbor]

Exited on break even.

[livid scarab]

Reiss can you trade any other pairs with this strat bro

[icy cliff]

EU out of the supply zone

[shrewd sky]

Because of the news, which is exactly why you don’t enter a trade unless all confluence is there.

[oblique siren]

you trade news if you know what's going on and studied it or if you have a minor gambling problem

[midnight pivot]

A little razzle dazzle of all of these

[oblique siren]

got to spice it up every now and then

[echo kiln]

Morning 🌅

[midnight pivot]

Grand Rising bro!

[oblique siren]

Morning Micky

[quick wedge]

i would really love to trade just like the big movers do or atleast be able to recognize what a logical place would be that they would enter

[shrewd sky]

I was talking about a previous trade which indicated a sell😂 I was saying I didn’t enter the trade and for good reason

[oblique siren]

oh that comment wasn't directed at you as a dig lol

it was just that most people exit trades before news to secure the profit

and people who do trade it either knows what's going on or a small amount of gambling on the direction

[grizzled dagger]

Incredible Accuracy!

[shrewd sky]

GU hit tp

[warm garnet]

Hi guys i'm new here. Can someone link me or explain a fx strategy you guys use with lux?

[sturdy aspen]

https://www.youtube.com/watch?v=8vzS-Bdbrn4

or similar like a trader hahahahaha

[echo kiln]

what did i just watch? 😹

[hasty harbor]

you made you week

[shrewd sky]

Well if I was doing a challenge I’d have passed it in one trade😂

I’m just trying to get use to using the Fibonacci, I know you place them at the swing low/ swing high levels, but If someone could confirm with me.. I would like to know if I have placed it correctly on this chart???

[hasty harbor]

These are the POI i am looking to long on 5 min confirmation.

[hasty harbor]

Good luck with that. It s all on mindset and psychology. If you can trade 100K acount same way as you trade 500$ account, no one can stop you.

[hasty harbor]

looks good to me. I use the same way from left to right and it gave good reaction from the golden zone 61.8%

[shrewd sky]

That’s just another confluence I’d like to add to my strategy, using the fib tool

[potent girder]

Any funded trader who trades forex with the indicator?

[worn tapir]

Watching you

[echo kiln]

[shrewd sky]

🤔

[icy wraith]

strategy with OrderBlocks ?

[shrewd sky]

Would this be confirmed as H&S?

[hasty harbor]

sold by market

[fresh sparrow]

Gold today crazy

[rough pawn]

😉 active on 30 min chart

[languid isle]

Got knocked out of a beautiful short on EUROUSD with one wick and then it just dumped. Had to quit for the day because I’m furious

[solar python]

this??

[languid isle]

That’s the one! I had my stop at break even and that one took me out

Had a beautiful trade on

[solar python]

oh my, it sucks sometimes😭 that's good that you didn't lose money!

[languid isle]

No i thankfully had pulled off some profits this morning so I actually made money but it was about 4x more

[solar python]

i would maybe entered after that big candle close

[languid isle]

I didn’t want to FOMO in but it would have worked out today

I was upset so it seemed like a bad plan

[solar python]

yeah, i didn't trade today because i was expecting bullish but it didn't happen yet. Now we are currently around 1.10 round number

[rough pawn]

The Entry should be with Pull Back only ... not before! here EURUSD 30 min Chart

[fresh sparrow]

Jeeze gold really dumping rn

[languid isle]

I was already in last night

[rough pawn]

NZDCAD 30 min chart

NZDUSD 30 min chart

[rough pawn]

USDCHF 30 min chart

GBPNZD

USDJPY

[blissful leaf]

friday + london closing soon i'm out for the day

everything is pretty oversold/overbought so it's risky to enter anytime now. @echo kiln would agree to turn off at 4.5% up 👀

[echo kiln]

4.5% 👉 👉 OH HELL YAY!!!!!!

Jim Cramer 👉 Rule #1: Bulls Make Money, Bears Make Money and Pigs Get Slaughtered

10 pips hard TP - don't care what everyone thinks about my small TP's 😹

[blissful leaf]

$ is $ mate.

you took the liquidity, you weren't the liquidity

[echo kiln]

"I am the captain now"

[blissful leaf]

https://tenor.com/view/captain-phillips-boat-hijack-im-the-captain-now-barkhad-look-at-me-gif-4242563

[echo kiln]

🫡

[plucky lynx]

Has anybody ever used E8?

[wise whale]

What’s up people, new to the chat, hope everyones good!

[fossil burrow]

E8 is legit

[plucky lynx]

Ok. I signed up last night. I like the fact you can trade shares also.

Of tsla and apple

[indigo lintel]

What did I just watch indeed. I cant believe I got to the end.

[echo kiln]

You probably just got hypnotized and dont know it (yet)

[echo kiln]

What the heck is this?????????????

[blissful leaf]

he wanted out and he didn't know how to do it

[echo kiln]

https://tenor.com/view/lol-emote-gif-24165461

[shrewd plaza]

Is there a video explaining the Pivot Oscilator view?

I was not able to find it

Gecko's videos are really good

[scarlet anchor]

How to make candles of three colors, without edging. I can't find these settings

[shrewd plaza]

@scarlet anchor if I am not mistaken you have to disable the borders setting on the graph (not the indicator)

i meant chart seetings

[scarlet anchor]

It turned out) thank you very much))

[shrewd plaza]

https://tenor.com/view/your-welcome-gif-23991412

[twin totem]

Let’s kill the markets

[twin totem]

Gj 😍

[solar python]

early bird catches the worm😎

[solar python]

‼️ Italy Inflation data and CPI coming up‼️

[left flax]

buongiorno commercianti

[wise whale]

Does the price usually go to the highest % high or low shown on the photo apparently that’s where more orders are ?

[fresh sparrow]

GOLD this afternoon

Took Position at 13:33 and TP's all the way down.

Waited for retracement before jumping in.

[fresh sparrow]

@rough pawn wowww

I would've doubled my money today if I held but happy for profits!

[rough pawn]

😉

[verbal dagger]

Hello everyone, can you help me with lux algo signal

[sick crow]

What help

[sick crow]

Congratulations 👏

[verbal dagger]

@sick crow i want to set alert when candles finish in smart trail please

[verbal dagger]

I saw it but if i want up and down ?

[sick crow]

I am not sure about it as i have not used alert features

[verbal dagger]

Ha :/ OK thank you very much 🙂

[sick crow]

But you can contact @echo kiln @fresh sparrow etc

[verbal dagger]

I will try 🙂

[verbal dagger]

Ho nice !!!

[dreamy narwhal]

If you want to know if price crosses smart trail, then it's Create Alert, Crossing, Lux Signals and Overlays, then select either Smart Trail Extremity (which is the lower part of the trail when bearish, or the upper part of the trail when bullish), or Smart Trail. No need to include a confirmation signal if you are simply waiting for price to hit the trail itself.

[verbal dagger]

Thank you all for your help

[prime elbow]

London breakout was clean today

[solar python]

made 5 pips today lol, i'm signing off 😭😂

[manic pulsar]

Hola buenos días una consulta alguien habla español. 🫣

[echo kiln]

Ill take this every day, every week, every month. Do the math. Rinse and repeat.

[charred briar]

Please guys, I have subscribed! How can I get this set up? Pls help

[echo kiln]

Turn on trend tracer, trend catcher. Confirmation simple. Then you can try trend filter with tracer, auto pilot with either short, medium or long term.

[errant mason]

Why does the signal print for us30 looks like this lol

[echo kiln]

Try resetting back to default and start all over, maybe you accidentally changed the style settings

[errant mason]

Yea I did that and it still looks the same

[echo kiln]

Your icons are swapped in the Style Settings, go to style settings and take a look to make sure they are correct.

[errant mason]

Ok it’s working now

[twin totem]

@rough pawn hey man are you free anytime to look over the algo on a zoom I have understanding of it juts wanna see how you use it if that’s cool 🙂

[shrewd sky]

Short?

[true acorn]

hi

where to get live cot reports any indicators available for that ?

many thanks

[solar python]

19 pips and done for the day!

[odd mirage]

Whats the best indicator to combine in price action concept?

[slate hedge]

why some of the signals shows fuels

[pine arrow]

no

[shrewd sky]

Not yet

[fresh sparrow]

yep news today so watch out

[slate hedge]

what do you think ?

[fresh sparrow]

The Trailing SL is my friend wow

good few days on GOLD, keeping up with the consistency and starting to branch out a little now with TP

[kind grove]

@fresh sparrow very nice
could explain how do you enter into the trade?

[fresh sparrow]

Red strong sell, purple on oscillator, choch before signal and bearish order block above.

I always sell at 1:1 but most of the time, it goes further, depends on what you're looking for in your trade

As in, I entered here

[fresh sparrow]

@kind grove this why I take 1:1

[kind grove]

@fresh sparrow got it thanks brother

[slate hedge]

nice

[gray jungle]

@rough pawn

@gray jungle @rough pawn what is the name of this indicator?

[gray jungle]

what is the name of this indicator

[rough pawn]

Hello friend, attached is here the chart's template includes all indicators: https://www.tradingview.com/chart/pfIRuVdt/

[gray jungle]

Does anyone know the name of this indicator please

[rough pawn]

I already responded to you in above message include the details you asked... 😉

[shrewd plaza]

Hi folks, is there a way to create a entry based on a indicator condition which is native to Tradingview? In other words, an alert would initiate an entry. I know it could be done via pinescript (strategy) or 3commas, but I would like to know if there is a simpler way.

[echo kiln]

Just open the template that he posted and you will see that its the Lux SuperTrend Osc

[raven lantern]

Thanks for this dctrader, I made a few changes for the instruments I trade, but your template helped w ideation and tinkering!

[prisma bluff]

For lux algo signal and overlay does anyone know if I am using one hour timeframe, for the auto pilot should I be using short term, or mid term ?

[rough pawn]

Suggest you spend your time to learn and use with the Price Action rules

[blissful leaf]

totally unrelated answer to his question

1 month of hourly data with short term = 4 signals all winners using the short term.

mid-term = 4 signals (2 different) all winners.
EURUSD ^

you'll then filter them out and see if they meet your entry criterias. ( I would have taken 2 trades on medium=term, and 3 trades on short-term)

it's all about backtesting

[prisma bluff]

Thank you for your advise!

[blissful leaf]

the more confluences you have, the lesser trades you take, the lesser fakeouts you take. follow the rules and you're a winner

[sterile oracle]

set up alerts by cllicking on the indicator settings.. then going to right side and put in your alerts to buy or sell and tp etc.

[hallow grove]

Is forex.com a good broker

[sterile oracle]

use chatgpt to code for you just tell it what you want

[fresh sparrow]

GOLD is dumping hard

[blissful leaf]

yeah. missed that entry but took the earlier one so i'm out for now.

support at 81 we need to break that

[fresh sparrow]

I've only been trading NY session, works better with my work day, so will be looking for that come open!

[sterile oracle]

Gold goes in oposition to currency.. this can guide you to manage your margin if doing forex

[fresh sparrow]

no, I just trade Gold and GBPUSD

So, I always see the correlation tbh

[devout flame]

Seems like gold is in a discounted area now, do you think there will be a possible reversal?

[shell lake]

Caught a nice 45pips. Half way through my phase 1. Still got 28 days left to pass phase 1

[fresh sparrow]

Wait till NY session

[golden lava]

@fresh sparrow can i ask what time frame you are use for trading?? Because if you trading on gold and gnousd it should be 5 or 15 min??:p

[fresh sparrow]

This is the time frames I trade

[hasty harbor]

https://www.tradingview.com/x/NuYyLr1l/
Expecting reaction off this area.

[fresh sparrow]

yeah, me too

looking at that now

[hasty harbor]

May be look for longs from tomorrow.

https://www.tradingview.com/x/WhUQnXcN/
cable is aproaching even stronger deamnd

[solar python]

i passed eval phase 1 yesterday, now on phase two. I also am on eurusd short and i am thinking to try to swing it like 100 pips so i'd finish eval phase 2 on one trade 😂 Currently 25 pips floating, i put sl to breakeven and try not to worry!😂

[oblique siren]

Hey quick question, since I've cancelled my lux subscription since I've got too much uni work to do and I just can't afford to keep paying monthly, do I lose access to all the channels?

[solar python]

yes

[oblique siren]

Damn well I'll make the most of it until the 2nd of May

[solar python]

they have many good free indicators

[oblique siren]

I need to learn price action and market structure anyway so need to stop trading and study for a bit

Lost too much money and need to stop and learn

[solar python]

just go demo bro, it's not shame

[fresh sparrow]

here we go

[vague schooner]

I don't know it this only me. Every Time enter any trade after confirmation and market going against me. Try everything. Every Indicator PAID or Free. But not getting profit. 😓

[hasty harbor]

Do you have any defined strategy?

[vague schooner]

No.. I try many strategy. Buy Trading view premium for back testing working fine but in live market not.
If any of you can help me or give any good YouTube tutorial video where I can learn

[fresh sparrow]

Strategy is key

You have to do the same thing everyday

lol

and refine and refine

refine

[hasty harbor]

All you need is a strategy and risk management. not take more than 1% at a time. If loose cut risk in half for next trade. If 2 same result, WW or LL stop trading afterter that.

[fresh sparrow]

💯

don't look at the people making £1000+ a day

[hasty harbor]

You need to learn market structure. Just following signals on indicator never works.

[fresh sparrow]

you think you're doing something wrong

[vague schooner]

Yes.. Every 90/100 Time when I entered in market.... Market move opposite from that point

[hasty harbor]

then youre trading against the trend or trading on emotion than following a sustem

[fresh sparrow]

💯

The amount of times I would trade and think that the market is moving against me.. first of all, the market is not moving against you, you will develop a mentality that "the market" is out to get you, when "the market" doesn't even notice your money lol

there are bigger fish

as @hasty harbor said, you'r trading against the trend

I've noticed as well, trends change during market hours, e.g. in NY session like I mentioned earlier after all the dump

it's starting to try to break up

Notice how this is market open for NY

[hasty harbor]

First trade on demo account without real money. you gonna blow couple accounts. So start off demo account

[fresh sparrow]

this too, I lost around 10K trading my own money

when I first started out

because trying to follow other people, make other people's gains/listening to others saying, using demo account means you're not getting the emotional effect of using your own money

which I call BS cos once you lose enough money, even on demo, you feel it lol

[hasty harbor]

absolutely, even on demo it hurts. It takes several months to few years to get seasoned on any skill, including trading.

[fresh sparrow]

when you get your strategy, it all makes sense

and it's about doing it again and again

sometimes it takes moneths

@vague schooner the same strategy that I post in this group

without overlay

[hasty harbor]

You think gold may follow this bullish move or may fall from here?

[fresh sparrow]

entered at 1974

I trade max 1 hour a day

and about 90% of the hour, I'm not doing anything

[fresh sparrow]

I dunno, which time frame?

[hasty harbor]

15m

[golden lava]

For know when im must be at work im must use 15min TF because i dont have enough time to check chart every 5 min 😛 but I've seen a lot of people use it but I don't know how they read it

[fresh sparrow]

I just watch 5m, if it breaks this order block, bullish, then it will go to the next one.

We will then go to the same order block you see on the 15m

[sturdy karma]

Great visual template ReissGenius

[fresh sparrow]

It will have to close above the order block.

and here we go...

[hasty harbor]

my bias for short term is bullish. Ill enter long if it breaks the OB with an FVG

[fresh sparrow]

nice nice

yeah I make these small trades and go about my day

[golden lava]

@fresh sparrow Can you explain me how you are use the advanced oscilators, what this oscilators tells you on your position ???

[fresh sparrow]

@golden lava

Opposite if it's bullish

[golden lava]

kk thanks 🙂

[slate hedge]

@fresh sparrow your inputs are clean

[fresh sparrow]

Thank you @slate hedge

[fresh sparrow]

if I held from my entry up to here, would've had a decent payday but I try to maintain the same r:r for a while

[slate hedge]

i was doning laundry, i didn't catch it .... 😦

[fresh sparrow]

now you know .. no laundry at NY open lol

[slate hedge]

im from Qatar, its 4:28PM here

[fresh sparrow]

yes, so no laundry at 3:30pm

lool

[slate hedge]

loooool, for sure my wife will do that

[fresh sparrow]

yes, especially if you show her what you're doing in the mean time

well, not the chart lool, the gains

lool

[slate hedge]

she want to learn, but she dont have time

[hasty harbor]

https://www.tradingview.com/x/Jwz3QU1I/
got this. Set to BE, holding for targets

[vague schooner]

what indicator you're using for candle color?

[fresh sparrow]

nice maan

[fresh sparrow]

signals & overlays

[fresh sparrow]

just shows as well, you can use any strat

[hasty harbor]

I am using the same strat

https://www.tradingview.com/x/HxSsNQ2e/
done. 1:3.6 RR

[fresh sparrow]

yes but you're putting the order blocks on yourself right?

for e.g on this chart, we're not at your block yet

[hasty harbor]

i use PAC and OB theorty , sometimes PAc doesnt show all the OB. especially those RBR OBs

[fresh sparrow]

coming up now to next OB

[golden lava]

@fresh sparrow Can i ask only what is your exit strategy, i have my own open position but i never know when i good time for exit ?? You wait when trend catcher change color or something else ??

[fresh sparrow]

My exit strategy is 1:1, r/r atm so I exit then, but you can exit for e.g. when Lux gives the blue cross

At the order block

Most of the time, I exit at the order block

like if you enter when Lux said based on strat, it's given you two exits now

[golden lava]

Yes i know but still im thinking about that. 5 min chart is really good for trading but i must use 15min chart its slower but better for me when im in work. So thats why im looking for something good 😛

Its really hard to find golden rules but every day i try and every day im do some progress

[hasty harbor]

https://www.tradingview.com/x/BNEhX3jo/Git this too. done for the day

https://www.tradingview.com/x/BNEhX3jo/

[fresh sparrow]

And we've reached the next OB @hasty harbor

nice trades bro

[hasty harbor]

Hope you have hold for the target

[fresh sparrow]

like I said here

[fresh sparrow]

haha no I sold earlier lol

🤷‍♂️

I will learn but for now, I'm trying to be consistent and profitable

I'm just trying to maintain 1:1

I've been doing it for like a month now

[hasty harbor]

good aproach

[fresh sparrow]

making anywhere between £75 and £100 a day

It's like what you said though, develop a strategy

there's two ways I can approach this now

I can increase the lot size, but still keep same approach

now I'm getting £150 - £200 a day for 30 mins in the market

or, hold for longer

[hasty harbor]

I would sugget go fr higher targets. at 1:1 set break even take 50% profit off the table and let it ride till next OB

[blissful leaf]

@fresh sparrow trailing stop loss is the key

[fresh sparrow]

Profit is the key

lol

I always set my TSL too close, but I'm learning like I said

I'd rather be profitable then have loss

[verbal dagger]

Hello 🙂 anyone can tell me if its possible to set alerts when canddles cross detected pattern on luxAlgo price Action ?

[oblique siren]

I'm so confused

How do you lot find these massive moves such as the gold one that just happened

Is it just sit and watch it for a long time and do top down analysis on it

[fresh sparrow]

#💬hangout or #🤝support

@oblique siren I just told you loool

[oblique siren]

Sorry I haven't read the older messages

[fresh sparrow]

Not even sit down for long

yeah scroll up

not that I don't want to help

[oblique siren]

Give me a min to read them

Yeah nah all good

[fresh sparrow]

I was in market today from 13:00 to 14:00 I think

[oblique siren]

Saves you explaining the same thing twice

[fresh sparrow]

I am just on the chat cos I'm working, I'm an engineer as well

[oblique siren]

Right Righttt fair enough

[verbal dagger]

@fresh sparrow thank you 🙂

[fresh sparrow]

starts from here really @oblique siren

[echo kiln]

👋

[blissful leaf]

someone else just woke up

[oblique siren]

So the day before you saw that gold on day chart was just about to hit a large order block

[fresh sparrow]

No, this morning, it dumped and the next order block available was the @hasty harbor and I posted

Remember I said trade the sessions

So, London Session, starts for me when I wake upa t 7:00am GMT

So I'm not looking for any trades until probably 30mins to an hour before NY open

If you checked the order blocks before NY open, they were just bearish ones

So there are not two options at market open

it dumps further or it bounces

if you can minimise the decisions you make it really helps your trading

none of us are looking for BIG moves

we are looking for the moves related to our strategy

@hasty harbor trade had a bigger return than mine but the point is both strategies work, it's just about finding your own.

or learning from the ones and then editing little bits to what works for you, I may start to hold longer based on my entries and some of the advice given by @hasty harbor today!

[oblique siren]

Bearish order blocks are the ones with a bigger green than red line

?

[fresh sparrow]

change your setting to this

Bearish would be red, and bullish blue

helps to differentiate

[oblique siren]

OK right I see now

[fresh sparrow]

sorry I just clocked, London starts at 8:00am gmt for me sorry

so look here, two beautiful trades

short at London open

long at NY open

[oblique siren]

OK that makes sense

Is the sessions indicator free

[fresh sparrow]

I can't remember

not sure tbh

[oblique siren]

No worries

[fresh sparrow]

https://www.tradingview.com/script/bkb6vZDz-Sessions-LuxAlgo/

yeah it says premium so I guess it's not free

[oblique siren]

I've had to cancel my lux subscription, can't afford $67 a month right now but I've got another 2 weeks of the subscription left so I'll have to find a free one as a substitute, going to use the time where I'm not subscribed to get on a demo and properly learn the market

Go dark on here for a few months

And come back when I'm confident I've got a good strategy

And will resubscribe when I can

[fresh sparrow]

I hear you bro

quaterly imo is best package

get that 30% discount

and you're laughing

pay $112

for 3 months

[blissful leaf]

very oversold on XAU rn

[oblique siren]

Sounds tempting but for the moment that's a big dent in the ol bank account right now, I'll have to see how things fare for the next few weeks

[blissful leaf]

you can find free stuff on tradingview, or you can code yours. use chatgpt and if you ask the right questions you'll have the answer there

pretty sure @echo kiln had one

[echo kiln]

Been awake for awhile, just lurking and waiting to jump in on a convo 😁

[blissful leaf]

your time to shine baby

[rough pawn]

What is your Oscillator's Length ?

[blissful leaf]

default them for that strat

[oblique siren]

I backtrack my statement, you've convinced me

Somehow

If the 30% deal is still on when my subscription ends I'll get it

[rough pawn]

I am Entering to trade only with CHOCH signal, then my Oscillator's Length = 11

[fresh sparrow]

These are my settings @rough pawn including the other ones.

[fresh sparrow]

this is good too

[fresh sparrow]

bro use demo, whilst you're learning build your capital

now, you're only investment is in Lux algo and the indicators

and learning

make all your mistakes, within 3 months I guarantee you'll have a strategy

[oblique siren]

Yeah I was going to only use he demo during the subscription duration

[fresh sparrow]

in 3 - 6 months, you'd have not lost any money but gained skills

and ready to use your own capital

[rain timber]

Y’all thinking to short gold ?

[oblique siren]

Probably not

Would you short when it breaks a bearish order block down

[fresh sparrow]

I wouldn't short Gold this session

Wait till London tomorrow

[golden lava]

Some of you are use EMA 200 for support/resistance or you are looking only for order blocks ??

[fresh sparrow]

I only follow order blocks personally

[rain timber]

Order blocks

[golden lava]

Thanks

[gritty bloom]

How can i re- install a previous version of lux?

[oblique siren]

Don't think you can

[gritty bloom]

😭just accidentally removed my older version. Guess I will have to start working on a new strat then

[fresh sparrow]

Yeah @gritty bloom @echo kiln always advises this with each new update! I was like that then I managed to learn and improve existing strat after a few days

[echo kiln]

You remember how you felt when this happened to you a few weeks ago, and now look at you, NICE JOB

[sick crow]

Hii @fresh sparrow @echo kiln

[echo kiln]

Hey hey!

[fresh sparrow]

sup!

[slate hedge]

wit oil, i think i predicted what will gonna happen and i draw massive lines just to look if it will be as i planted and i missed one looool, its sketchy little bit

it did turn out same as i planted loool thats before as it now

what do you think ?

[blissful leaf]

is your chart ok?

[sick crow]

Forget about chart, ask him if he is okay 😂

[abstract prawn]

hey anybody know how to find POI using lux algo price action concept? thank you

[dreamy narwhal]

just about all the items on PAC are POI's: Order blocks, imbalances, equal highs/lows, trendlines.

[solar python]

is it just me or is the markets really choppy right now? 🤔

[fresh sparrow]

yeah

I just took a weird signal

lool

but it's something for me to learn too

as in, when the markets aren't moving like they usually are, just stay on hands

checked for news as well

nothing

ahh

[solar python]

yeah same, been on eurusd long for few hours now and i'm starting to lose my sanity, even when the risk is small😂

[fresh sparrow]

you know, this is why I normally just trade NY sesion

I get up at 6:30

and then I'm on my laptop

my brain hasn't even time to digest what's happening

I'm from UK as well

so I get to just sit and watch what's happening

[solar python]

i should do that as well, as i'm usually working most of the europe session

[fresh sparrow]

yeah, honestly, after today, it's kinda confirmed it for me

[solar python]

i hate those tv news

[fresh sparrow]

fucked up my 100% winning streak

[solar python]

yesterday it said "dollar may fall" but it did everything opposite

[fresh sparrow]

loool

don't pay attention to headlines man

[solar python]

those analyst always fuck up your head man

[fresh sparrow]

trust me

[rough pawn]

When the markets are not moving then the OIL is moving

[solar python]

oil is always moving lol

[fresh sparrow]

loool

[icy wraith]

Hi everyone I am a new member What is the best option and currency for luxalgo signal?

[fresh sparrow]

#💬hangout most probably will be best for that

[oblique siren]

Morning Reiss

[fresh sparrow]

Morning @oblique siren

[oblique siren]

got up early to try your strat on the demo account

[fresh sparrow]

nice

my stat this morning hasn't worked well haha

so I've learned no trading in London session for me

the same thing happened to me last week

Just looked back on my history

Thursday morning I take loss

and then I'm fine Monday to Wednesday and Friday

[oblique siren]

so was London's big move yesterday just a fluke?

[fresh sparrow]

:/

how is the fluke?

[oblique siren]

damn

a pretty good one

[fresh sparrow]

this is what I'm saying you've just got to learn and adapt

no strategy is 100%

even when you're 100%

loool

it's just a strategy with higher win rate

but doesn't mean you're not going to take losses

and even when you take the losses, you just learn what happened

maybe you over traded

[oblique siren]

damn one day my capital page will look like that

[fresh sparrow]

you re read the signal and see what made you go wrong

like looking at the chart

I traded the short signal, got in like I usually do

but didn't take profit

1:1, as last few days it's kept going

and it's flipped back on me

what can I do

lol

you win some, you lose some

[oblique siren]

like you said its never going to be 100%

[fresh sparrow]

my other mistake is that when I was stopped out

at 8:54

I thought I was misreading the signal

so I went in again

for short

and that's resulted in the extra £44 loss

If I had just stayed with respecting the SL I would've only lost £22.54

instead of almost £65

or whatever

[oblique siren]

got to stick strictly to the trading strat

[fresh sparrow]

Also, no ChoCH or BOS before the signal meaning it wasn't valid.

[oblique siren]

also what value is your trend lines?

[fresh sparrow]

the trendlines is just from PAC

just enable trendlines

[oblique siren]

ah ok keep it at 5

[fresh sparrow]

yep

but you see, what I'm saying about also maintaining a cool head

the guy yesterday who was like the market goes against me

it's like no, if you take some time to look back at what you did

you can see where actually, you played a move

which didn't work out in your favour

as well as another thing, taking a short on a green trend tracer and green trend catcher

the list goes on...

[oblique siren]

i used to have that thought about it but i know its not out to get me usually i'm entering at the height of the candle and it restests a level

[fresh sparrow]

it's not saying the trade wouldn't work out but according to the strat, this isn't a trade to trade

anyway, see you at NY session

[oblique siren]

see you then

[solar python]

good entry but horrible market conditions... decided to aim for more than 1:1, horrible idea😵

[fresh sparrow]

💯 bro I learned from the previous trade and just took profit

same with Gold

[oblique siren]

gold just shot right back up

see the ChoCH happened so late in the move

[fresh sparrow]

This is why I don't trade in between sessions or don't really like London like I said for Gold

I'm now looking at the next OB

it's bearish, it will either break up or down at NY session but I'm not looking at the chart until around 13:00pm GMt

[abstract prawn]

what do you mean all idem on pac? in general POI is line.

[rough pawn]

Suggest you to check trade Gold on 3 min chart

[oblique siren]

It's just rejected the bearish OB a few times

Even though its only 2.82%

And filling the fvg

[fresh sparrow]

I go through 15m, 5m, 4m,3m

[fresh sparrow]

what do you mean here?

[oblique siren]

On the OB

The percentage

I thought the higher the percentage the better the support or resistance it acted as

[fresh sparrow]

"Metrics are displayed to the right of an order block near the most recent historical price bar. This information represent the accumulated volume within the interval used to construct the order block, and can be useful to determine how significant an order block is, with larger volume indicating a more significant order block.

The percentage to the right indicates how much the volume of an order block account for the total accumulated volume of all order blocks displayed on the chart of the same category (internal/swing), this allows to quickly determine which order blocks can be more inreresting to look for."

[oblique siren]

Ah

Ok

[fresh sparrow]

check the hourly too

[oblique siren]

Right well that's a big pointer to why I was losing money

I'm not reading stuff properly

[fresh sparrow]

so here, talking about significance, it might have rejected it for now, however, it might retest and break up

but that's why a lot of people sell/buy at order blocks

for e.g. if you bought at the CHoCH and sold at order block would be good trade

but remember anyway what I said before, trade against the sessions

so right now, you have to wait till about 13:00/13:15 for a kinda direction for NY session

[oblique siren]

And that will show which direction it will go once NY opens

[fresh sparrow]

btw this is why it's important to update your signal overlays

I had it at 13 when the recommended number was 10

now the signal makes more sense coming into NY session

[fresh sparrow]

caught that

[dreamy narwhal]

If you are asking about key levels for an asset then that is specific per asset or currency pair, in general those are whole numbers. But if you are asking about possible points of interest then these are zones. Others may chime in.

[slate hedge]

holy ......

@fresh sparrow i need you to teach me how you did that loooool

[fresh sparrow]

This was quite interesting actually

I followed my same strategy

drew the fibs and it didn't bounce at 61.8

it went up to 38.2

which inidcates reversal

so I just closed my trade and opened a buy

and it flipped

I was weary of the short signal tbh on lower time frame cos 15 m was still in buy

also, it rejected the bear order block so I closed my full position

[abstract prawn]

yeah i am talking about position point interest, i have like 3 or 4 in my chart with the porcentage in the box. but wich to take?

Anybody take VIP signal? what strategy u use.

[slate hedge]

gold ?

[prisma bluff]

Can you share more about the fibs magic again? The first screen shot is showing sell. How you know it is a buy apart from the 15min still bullish

Do you mean u fibs from the below?

[sick crow]

Hii @fresh sparrow

Gold dumped again

Did you get it

[fresh sparrow]

No no, only gonna trade NY today

[dark crow]

Reiss between what times do you trade. I know you do London and NY but is it between certain times?

[fresh sparrow]

Yes, 7:00-8:00 London, 13:00-14:00 NY

[hasty harbor]

Bearish bias on HTF, FVG limit order, secured 50% set to BE, holding for targets 🤞

[fresh sparrow]

well done man

great trade

[hasty harbor]

mostly pullback to FVG works best for me on gold. high RR trades after showing some dance moves & acrobats

[fresh sparrow]

so many FVG's though

how do you know which ones to trade

[hasty harbor]

I use the same strat, but I enter on pull back to FVG, if the HTF trend is strong then most FVG works, But go for some bigger gap like that one

[fresh sparrow]

I took the opposite trade

but I took your idea of entering in the FVG

@hasty harbor

[hasty harbor]

Did entry filled? didnt come to middle of the FVG

[fresh sparrow]

hmm

my entry is 1978.08

Ok I see where I went a bit wrong

I was actually supposed to get in 1978.48

but I put 08

hit TP

wonder where @viscid shard has been

jeeze the dump

[hasty harbor]

news

[fresh sparrow]

interesting, I didn't check the calendar today 🤦‍♂️

well I've already taken profits lol

another opportunity anyway

[hasty harbor]

yeah better close the setups before Ny open

[fresh sparrow]

I did

I took profit at the OB

[hasty harbor]

I was looking for other setups but didnt came to entry becasue of the news

[fresh sparrow]

mmm

that setup was nice I got good profit but I didn't realise how risky it was

need to pay attention to news

normally, I do but today I forgot

lol

[hasty harbor]

I guess today you bookek close to 1:3 right?

[fresh sparrow]

yeah

[solar python]

honestly where is that guy i kinda miss him

[fresh sparrow]

probably on another cruise lol

[solar python]

fuck man, i'm really happy for you guys making money this week and wish i had those same skills. This week was awful lost like 1.1k€

[fresh sparrow]

broo!

you should never lost that much

unless you have like a 100K account

Got a short scalp here

[solar python]

lost -10% in total this week... 1% per trade

and i had too tight stop loss every single trade

stop loss hit... and boom back up

and if you look at eurusd this week, it's pretty awful... but i admit that there was some revenge trades as well

but also strategy issues, one sec i'll show u

[hasty harbor]

You need some serious lesons on risk management. I personally go for 0.5% risk per trade, after loss I go 0.25, after that 0.12% untill back to start winning few trades I go for 0.25% then back to 0.5% if I win few trades of 0.25% risk. I never go above 0.5% risk

[solar python]

that was recent trade

[solar python]

yeah i will reduce my risk to as small as possible. I usually increase my RR after a loss but now i'm on that point where that is not even realistic to have RR like 1.10.

Also one point that i made out that i would been in profit this week if i just were to stick to my 1 : 1 Risk to reward... I tried to take 1 : 5 But failed every time

i'm switching for demo for now...

[hasty harbor]

You need to practice your POI first, if market is at 4H or daily POI (Supply or demand) then look for 15m/5m reversal conformation & ride till the next POI, but for that you need to be super patient which seems unrealistic. So for beginning go for 1:1 trades, fill some bags then go for higher RR.

[fresh sparrow]

I was just about to say that

didn't you see all the talk this week about demp

lool

[solar python]

that last trade was actually a play with 1H Supply or demand, that order block just disappeared after breaking. But i think mistake on that was that upper order block was pretty close so i didn't wait out confirmation from that level

[solar python]

Bro those emotions man...

and trading during work... not good

[hasty harbor]

if at H1 Ob then look for 5m/3m conformation of reversal. allow market to slow down and cook the setup. You gotta kill your fomo

[solar python]

true

[hasty harbor]

follow @fresh sparrow everyday

[solar python]

Reiss is really good

thanks man for being here for us

[hasty harbor]

He got control over his nerves, he got plan and stick to plan. thats all you need to be profitable,. We dont need to be master at diffrential calculus. trading should be simple

[viscid shard]

Been working, just in silence.
https://www.tradingview.com/chart/GBPUSD/5IJf6Zh9-GBP-USD-Trade-Breakdown/

[viscid shard]

That is scheduled for June sir🤓

[fresh sparrow]

haha

let's go legend

[fresh sparrow]

most of all find what works for you

personally

take from other people styles etc.

and use for your own

[viscid shard]

This week was a week you should have barely been in the market. I only took 2 trades the whole week . Horrible market conditions this week.

for usd

[fresh sparrow]

also, wait for candles to close!

@hasty harbor like this right?

[hasty harbor]

yes, bearish OB above and bearish FVG, and if bigger FVG like this better, I missed that though

[fresh sparrow]

nice yeah, still in probably going to tp now

[hasty harbor]

https://www.tradingview.com/x/FLpzshR0/

[fresh sparrow]

nicee, yeah I took profit because I'm not really used to the strategy

but can tell how it's useful

looking back at all the other trades I've done this week as well

it's similar to what I'm doing with the Fibs

I would've normally entered at 38.2% level

[hasty harbor]

whatever suits best for your. even I am new to my own modified stat of javs. so do your diligence

[fresh sparrow]

I checked all my other trades this week though

and it's the same thing

spike, FVG

and it retraces to FVG

at 50% level

[hasty harbor]

you cheked on gold?

[fresh sparrow]

here's an example of an earlier trade this week

yeah

I don't normally delete my trades/entries or ideas

so I entered here at 38.2%

or whatever, sometimes I get it wrong way around

sorry

[hasty harbor]

but it has coch after your entry.

[fresh sparrow]

yes, I entered at 1974, there was a bullish order block below

[hasty harbor]

great

[fresh sparrow]

but there's another entry at the FVG

where the green buy is

at the FVG

but I guess it's not confirmed right?

[hasty harbor]

which one?

[fresh sparrow]

the green before the purple

[ebon path]

Is forex a good market to potentially learn about compared to stocks

[fresh sparrow]

I generally find forex better, when I was doing stocks I was always chasing

Forex, you can just get to know one chart

and it's more stable, and after a while you know the chart

I only trade Gold

[ebon path]

@fresh sparrow and you use LuxAlgo for your indicators and it works good?

[fresh sparrow]

No, I am just in luxalgo Forex chat not using Lux algo indicators 😅

[ebon path]

Lol who knows haha

What settings do you have?

[slate hedge]

@fresh sparrow DM please

[echo kiln]

👋🏼 Morning ☀️

[sick crow]

Gd evening

[blissful leaf]

it's weekend bruh

[echo kiln]

LOL, still a morning for me 😹

Took 10 pip scalp on new release yesterday

[blissful leaf]

took 40 pips on xau yesterday and 7 the other day. travel is over now i'm back home so i can do more

[echo kiln]

NICE!

[blissful leaf]

could have been more but i was driving and a pullback took my trailing SL before dropping dead QQ

[ebon path]

Hey guys can y’all point me in the best direction to learn forex

[echo kiln]

#🧠core-lessons

#📈must-watch

[echo kiln]

Lots of info online and if you browse any of the major fx brokers website, they usually have lots of educational material

[ebon path]

Gotcha thank you

I will do more research and look up the best broker

[echo kiln]

https://docs.luxalgo.com/trading-best-practices/recommended-brokers

https://docs.luxalgo.com/trading-best-practices/profile

[jovial atlas]

Hi guys, anyone can help me about how I can choose best order block.. i’m premium user of the indicator SMC ..

[echo kiln]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-pa/order-blocks

Do you mean how the OB settings work? or how to pick which one that has the highest probability to hold?

https://youtube.com/shorts/bPAxYQhCuk0?feature=share

https://youtube.com/shorts/F0sWdWFPpn0?feature=share

[echo kiln]

Have you tried using higher TF OB's and going down to a lower TF OB to take the entry in the same direction?

Example 4H and 1h - On the 4H, there is an OB that is in the same area as Equilibrium (think fib retracement levels on the most recent swing 4H structure), and same area as Previous Weeks High. Might be a good place to short it? Then go down to a lower TF like the 1h, what do you see? I see a some rejection on a resistent level that is near a Premium level (upper range of the most recent swing action), and OB's and previous weeks highs. Might be a good place to short?

Just an idea

FYI, the equilibrium levels is the 50% fib level of the recent swing structure (Premium-Equilibrium-Discount) 🤔

Lets go down to a much lower TF, 15m

Price hit upper OB's in a Premium area, and then price tested the OB's 2 more times. Take a look at the dashboard pattern detector, ASC BW, possible break to the downside

[echo kiln]

GOLD action for past week

Based on simple rules of Neo, Trend Tracer, Trend Catcher, there where 3 short entry areas on the 1H, then on the lower TF 15m, easy 3 scalp in the same direction

Notice how the Neo gave you re-entries on the 15m, when on the 1H, it stayed in the same Neo downtrend

[summer wedge]

Micky, do you use trendlines and patterns on your chart and how do you find them.

[echo kiln]

Actually, yes. Combine PAC with the Lux Signals/Overlay, I love the pattern detection with the liquidity trendlines. Try to use the liquidity trendlines as zones that needs to be mitigated at some point once price breaks it.....

[rough pawn]

Hello Micky, my chart is not showing the 2 upper OB as in your 15 min chart ? Why ?

[echo kiln]

your OB settings?

the top 2 OB's are swing OB's

[rough pawn]

Thanks, now I got them.

[echo kiln]

I like displaying both swing and internal OB's because I scalp smaller TP's

But in general, swing OB's are typically the highest probability in targeting higher TP PAC levels, in my opinion...

[echo kiln]

https://youtube.com/shorts/zqSMvTfOuV0?feature=share

[echo kiln]

Has anyone tried this new overlay? Market Structure Trailing Stop [LuxAlgo]

[left flax]

Looks very cool

[echo kiln]

Yeah, iInteresting visual take on this. nothing new as we have this in PAC with different visuals, like the structure candle colors and the actual choch/bos structure plots...

[left flax]

Its the Struc plots caught my eye

Night @echo kiln ...Im crashing