💱forex-chat

[echo kiln]

Laters, have a good night 😴

[past acorn]

for price action traders who want to integrate a trailing stoploss, probably best option 🙂

[echo kiln]

Yeah, so many ways to overlay this on everyone's template.....

nice job!

[past acorn]

❤️

clean stuff

[tame dust]

How do you get your chart so clean?

Mine look like this. The price is all at the top of the chart

[echo kiln]

right click on the left Y-axis price column

make sure you clicked "scale price chart only"

if not, the chart will display all the indicators into the chart view, it will squish all the levels, OB's, pivots etc, that are far away from current price, and make these visible on the chart.

so you just want to make sure you checked off "scale the price chart only."

[sick crow]

Thanx mate, i was facing the same problem sometimes.

[dawn crypt]

Hi all. Is there a setting which detects a fake break out?

[echo kiln]

https://youtu.be/rEJFyUoiNO0

[dawn crypt]

Thank you 😊

[wind forum]

Hi guys. Just getting into Forex. Moving over from crypto since bybit is about to require kyc. Is there a huge difference between Forex.com and Oanda? I don't see Forex.com listed on the Recommended Brokers page and I already funded that account. Thanks.

[left flax]

Since your a crypto guy ... try gains.trade . Ive had success using Metamask/Arbitrum

[cerulean drift]

Anyone got a 1 hour strategy I could test or recommend something?

[shrewd sky]

Think I’m getting the hang of this now🤔

[digital beacon]

What setting are good for Forex pair

[summer wedge]

cool mate

[tame dust]

Thanks

[wise whale]

@echo kiln @flat umbra can you recommend a video to watch which explains how to use signals and overlays with the strategy, Iv been trading 4 years I know what I’m doing via price action but I’m looking to get into a scalping strategy using your indicator, I use smc in a way to trade swings atm but would like a smaller time frame strat to use also

[past acorn]

https://youtu.be/wIJgI1905aA

@wise whale - this is a full video

from 6-7mins u can see a lot of basic ideas for strategies too

[fresh sparrow]

Good morning all ☕

[hasty harbor]

Good morning/Afternoon

[slate hedge]

morning to you

[fresh sparrow]

Watching Gold as usual

Bullish Monday morning in London session

[hasty harbor]

I am waiting for limit entry

https://www.tradingview.com/x/Sg0tOUIW/

[fresh sparrow]

haha I'm looking for this too

Two good entries as well here

I noticed this which is why I'm taking it

[stuck flare]

please guide me . For the best signal indicator settings for forex

[left flax]

\love your charts ....so clean and crisp

[fresh sparrow]

thank you

[slate hedge]

@fresh sparrow i try to copycat your carts, i didnt workout for me, unless you DM it to me ill be grateful

[hasty harbor]

Entry filled, in profits.

[hasty harbor]

Another fantastic trade, but I choose not to take
https://www.tradingview.com/x/Xv2oRnSW/

[fresh sparrow]

v true

depends what you're looking for though

[fresh sparrow]

I actually have a lot of people dm'ing me rn, I am focusing on my own trading for the moment. I've shared the settings and stuff, just try to follow the chat

[fresh sparrow]

I like the R:R more on the 15m chart though

oh I just see this is AUDUSD

I literally only trade GOLD

lol

[slate hedge]

i do the same for gold and silver only

[hasty harbor]

I dont trade AU, just charted, RR was 1:7

[fresh sparrow]

offt

nice

[fervent cloud]

to help the others out, this are @fresh sparrow oscilator settings

I can't find your overlay settings @fresh sparrow. If it is not to much asked, you are king to share it with us 😉

[slate hedge]

where to ?

[fresh sparrow]

My overlay settings but remember signals sensitivity is set by the indicator at the bottom card.

[slate hedge]

thanks, will do

[oblique siren]

Afternoon @fresh sparrow

Missed London open unfortunately but ready for NY session

[slate hedge]

1h 25min

[oblique siren]

Nice nice

How's that take you did at 11 going?

Sat down for a good 5 mins and analysed what you did to enter it

[fresh sparrow]

still in, couple of times it hit the first TP at 1:1

But seeing what's going to happen

I don't normally trade London session though tbh

[slate hedge]

1h 5min to new york

[fresh sparrow]

on 5m noticing this

yeah, I'll probably drop out tbh here

I'm still in profit

but it's too close to NY session for me

and I'm getting these red candles on the 5m

[slate hedge]

ummm

i usually watch the 5min

[fresh sparrow]

me too

lol

tbh I'm not trading till 13:30

lol

even now

it's tempting

but no

[slate hedge]

52min to NewYork

[oblique siren]

So Riess, do you wait for a change in character, the colour of the candle to turn the colour that is wanted, a fair value gap and the oscilator?

[fresh sparrow]

depends on the condition

time

etc

if it's a scalp

but I don't make plays between 12:30 - 1:30

or I don't like to

would've been the trade though

[oblique siren]

where, after the ChoCH+?

or is that way too late

[blissful leaf]

too late now son

scalp = in and out. the move happened aleady

[oblique siren]

damn i have no clue when to be looking for these quick entries

i'm just trying to work off of the order block and the advanced ocsilattor

i can't spell

[fresh sparrow]

see this is what I was worried

[slate hedge]

what in earth looooool

[oblique siren]

oh wow caca

thank you

where did you find this this is amazing

[blissful leaf]

plenty of examples

someone created the pdf

[oblique siren]

well massive cheers to them

that legend

[blissful leaf]

backtest and learn it

that's the key

[fresh sparrow]

💯

stick to your rules

[hasty harbor]

After plenty of chop, stopped out

[slate hedge]

20min to NewYork

[oblique siren]

nah i don't like this

price just chillin between 2 OB's

[slate hedge]

2min

[compact star]

1min

[oblique siren]

here

we

go

[fresh sparrow]

sitting on hands for now

[oblique siren]

yeah its in a bearish ob

i think?

[fresh sparrow]

I don't even know

lol

We've got a strong sell

with a bearish OB

with blue on oscilator

lol

but the price is moving to the OB

and breaking it

🤷

[oblique siren]

yum

mixed signals

i wanna go eat

but don't trust myself to leave my laptop

[icy wraith]

Just go all in

[late glen]

I cant find lux algo premium on my indicators. you know why?

[oblique siren]

invite only?

[late glen]

doesnt show the option even

on the invite-only script i only got 3 scripts

oscillators premium
price action concepts premium
signals & overlays premium

[oblique siren]

if you're looking for the buy and sell signals

it's the signals and overlays

[deft dock]

those are the premium ones

[icy wraith]

Signals and overlays is premium

[late glen]

ok thanks

a lot

[oblique siren]

uh]

what did i miss

why we down 0.3%

[fresh sparrow]

huh

I got this

[oblique siren]

i went to go cook sausages 😦

[oblique siren]

so you entered at the first FVG?

[fresh sparrow]

I entered as it couldn't break PDH as well as the bearish order block wouldn't mitigate

overall trend is bearish

[oblique siren]

PDH stands for predicted daily high?

[fresh sparrow]

Previous daily high

[oblique siren]

ah ok

yeah i'm still so new to this all

going to see if i can enter a short in the mid of the FVG

nvm

i missed it

[fresh sparrow]

there was only a short really

entered at 38.2% level

[oblique siren]

damn

if i entered i could've actually made a winning trade

[echo kiln]

We got a 15m Smart Trail trigger short, with 1H bias

[fresh sparrow]

Not necessarily, if you were looking to enter in the middle of the FVG it wouldn't have triggered

[echo kiln]

Same thing with Eu that played out perfect to the upside

[oblique siren]

is this fib retracement?

[echo kiln]

Also UJ, 15m Smart Trail trigger to the upside

[fresh sparrow]

keep an eye though it might still touch the FVG

[hasty harbor]

I got limit short at FVG

[oblique siren]

yeah i've been watching this

it's getting there

[fresh sparrow]

lool

I was literally trying to make an e.g.

and I accidentally did limit buuy

loool

[oblique siren]

mb

[fresh sparrow]

🤣 it is what it is

I closed it straight away

but ffs

[oblique siren]

missed the FVG entry

i'm just too cautious now to get into a trade

[hasty harbor]

must missed by a pip or so I hope it should come back

[echo kiln]

Anyone trade the EUR/CAD 😜

[oblique siren]

today is a good day tho for me its a green day for me in a long long time

[echo kiln]

NICE!

[oblique siren]

oh it's filled the FVG alright

[hasty harbor]

meanwhile UC
https://www.tradingview.com/x/sZ7BTwVK/

[echo kiln]

Looks like everyone doing ok today

[hasty harbor]

https://www.tradingview.com/x/hRIqj5Zq/
yeah hope gold should also turn friendly

[oblique siren]

uh

gold

wyd

where the hell did that come from

[fresh sparrow]

🥹

lool

it is what is

well I'm out for the day now

[oblique siren]

imma hold

i still got my stop loss above the bearish oB

[fresh sparrow]

nice nice

My SL was similar to @hasty harbor

[hasty harbor]

nevm ,monday blues

stopped out on gold

[oblique siren]

ayo @echo kiln i take back what i said about it being a green day for a very long time

i think i spoke to soon lol

[fresh sparrow]

🤣

always happens

you speak and then

I had that last week

I was like three days no loss

having an excellent week

Thursday

☠️ ☠️

[echo kiln]

I feel bad, because at that time i wanted to tell you to shut it down 🤔

[oblique siren]

nah its all good its a harsh learning curve

[echo kiln]

Lux MACD gave you clue that it reversed

It gave a clue at the same time as that doji

BUT, overall trend bias is short though

tough to HODL, thats for sure

[oblique siren]

quick question, what's the difference between the MACD and the advanced oscillator?

[echo kiln]

I actually like the adv ocs

gives me detailed moves inside the overall move

shows the pull backs

[oblique siren]

the adv ocs also gave a similar thing to the MACD with the doji

[echo kiln]

you see the dark red wave below zero line on the adv ocs?

[oblique siren]

yeah

[echo kiln]

Thats the Advanced Cycle

You the see the green wave above the zero?

that was the re-entry to get on the short move, about same time as Smart trail trigger

and when the red wave Advance Cycle starts to print, thats when you need to be ready to close out since its ready to bottom out on this small short wave structure

NOW check this out.....

[oblique siren]

just making notes on this rq

[echo kiln]

If you disable all the other visible features of the Adv Ocs, and JUST leave the Adv Cycle...then my friend...you have something here......SHHHHHHHH

you can use this for counter trend entries, or TP areas...so many ways to use this

[oblique siren]

yo this is hella confusing but i'll get back to you in like 30 mins once i've understood it all

need to dumb it down for myself to understand lol

[left flax]

Its a Monday and GBPUSD gave 50 pips ... I'm going to walk the dog

and then play eveonline

[echo kiln]

Add this to your PAC

you combine the Adv Ocs Cycle with the OB support, that is when this short entry was short lived. Heading into an OB is a tough call

HERS another tip, I ALWAYS have by my side when trading pairs

DOLLAR INDEX

DXY

When dollar goes down, what does gold do?

Goes up

I try not to trade my pairs against the DXY

[hasty harbor]

Which one is the adv oscillator? I can see only 3 premium indicators

[oblique siren]

it's the one in the premium oscillator

[echo kiln]

https://www.tradingview.com/script/S8svsT4N-LuxAlgo-Oscillators-Premium/

[hasty harbor]

shall i enable the adv cycle form the style?

my adv osci looks like this

[echo kiln]

uncheack all the options for the Adv Ocs, and leave the Adv Cycle

DXY and GOLD, side by side

Back test this correlation minute by minute, bar by bar, tick by tick, and you will see the inverse correlation most times

[oblique siren]

ok so i just got into a short for gold and i want to know if it was pure luck or i used some of my brain to enter it

couldn't break bearish OB multiple times, decrease on advance cycle and a signal on the advanced cycle

[hasty harbor]

Like this?
https://www.tradingview.com/x/eHaQhsa0/

but i see +ve correlation. when osci is red price is going down

[oblique siren]

so it was just luck

[echo kiln]

correlation in price action, candle bars, not osc

every time DXY goes up, Gold goes down, when DXY goes down, Gold goes up

There alot of info on the dollar index and correlation with the pairs on the web...good stuff

Correlation with price action, Then use oscillators for entries and exits for trade managament

along with PAC level areas

[hasty harbor]

yes, with respect to DXY its -ve correlation, i thought you are talking about -ve corelation wrt oscillator

[echo kiln]

EU

the USD is the back half of the pair, so when DXY goes down, EU goes up

[hasty harbor]

how you read price using the advance cycle?

[echo kiln]

You dont

You read price by analyzing the candle bars, I use osc for confluence around TP or PAC levels to let me know if I should enter or close

[oblique siren]

my brain hurts from all this smart stuff, imma need more coffee

[echo kiln]

Example, so if DXY is going down, maybe I should look for Long entries on GOLD, then I zero in on my Gold chart and look for an entry, using Adv Osc, PAC levels of support etc etc

[oblique siren]

ok

coffee made

we learnin

[echo kiln]

NEW Lux toy

Look how this new toy colors the background for the larger sentiment

Gold UP

DXY DOWN

the new Range Sentiment Profile also gave this tip as well

Here's a better example with a better trendy pair

EURUSD

NOW for more headaches (TIPS)

[hasty harbor]

I seen the yutube short on this volume bad boy, what do they name it?

[echo kiln]

For the Canadian pairs, I use the WTI Oil for correlation with the Canadian Dollar

When oil goes down, Canadian dollar goes down, Canadian dollar is heavily related to the oil space

[echo kiln]

Not sure if there's a new short vid yet? just released

Range Sentiment Profile [LuxAlgo]

[hasty harbor]

can not find with that name

[echo kiln]

refresh TV and add to favorites

https://www.tradingview.com/script/5UuBjDYO-Range-Sentiment-Profile-LuxAlgo/

[hasty harbor]

somethings wrong with my TV, I reloaded the tab but not apearing

[echo kiln]

Try to close down your TV

UC 1H, 15m

[hasty harbor]

still no luck though

[echo kiln]

In this 1H uptrend bias, you start to see bearish sentiment on the Range Sentiment, and the 15m is loud and clear with bearish Range Sentiment all day all morning

[echo kiln]

did you Favorite?

[hasty harbor]

no, cant see a star on the page to favourite

[echo kiln]

you need to favorite first

https://www.tradingview.com/script/5UuBjDYO-Range-Sentiment-Profile-LuxAlgo/

[heavy crater]

How can I create alert for discount and premium areas in the lux algo price action concept premium indicator?

[echo kiln]

scroll down and Favorite

[hasty harbor]

ok got it

Wjat settings do you use?

[echo kiln]

default, and i just adjust the offset to make is visually nice and fit on my screen

[hasty harbor]

ok,

UC is bullish on 5M, I am already on short on UC but now its aproaching the breakeven

[echo kiln]

XAU 1H downtrend, 15m pullback to upside all morning so far, safe play is to sit on hands with no trades today on the 15m until it breaks structure 15m to the downside with the Range Sentiment going that way as well

[hasty harbor]

XAU is waiting to tap on the 4H supply zone

Sorry, demand zone

[echo kiln]

Playing shorts on the UC is tough today...

[heavy crater]

Can anyone help with this,

How can I create alert for discount and premium areas in the lux algo price action concept premium indicator?

[echo kiln]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-pa/any-alert

[hasty harbor]

Yeah , clear divergence on DXY

[echo kiln]

THIS is the most often overlooked....it's not the holy grail, but gives me a good sentiment on what direction I'm looking for...

[fresh sparrow]

yeah I got the setup again

I forgot abou tit

[echo kiln]

YUP. gold up, DXY down

[hasty harbor]

If EU breaks the demand , can short on pullback to 1H demand

[echo kiln]

Using higher TF's with DXY sentiment, your gold trades could be more precise and less riskier. Less trades, but at least it could make you a little more patient and precise with your entries

[hasty harbor]

Where did you enter , because price is hovering on 5M supply OB

[fresh sparrow]

no I meant setup in the two seperate charts

[echo kiln]

Now if you trade a less volatile and a little bit more trendy and boring pairs, then you may have a set-up for all ages 😹

[fresh sparrow]

there was an entry at the break of the trendline

[echo kiln]

DXY and XAu correlation charts

in general

[echo kiln]

in order to buy gold, i need to use up my dollars, so the more gold goes up, the more i buy and the less dollars i have in my pocket

[fresh sparrow]

I didn't mean turns bearish as well, just mean that break of bullish trendline, means it's bearish

[hasty harbor]

on dxy or xau?

[hasty harbor]

how do you mark it?

[fresh sparrow]

DXY 5 mins where I marked bro

[hasty harbor]

ok, got it

[heavy crater]

No premium and discount alert

[hasty harbor]

My ideal entry would be to wait till supply OB gets invalidated and pullback to nearest demand OB or the FVG

However mondays & fridays are not working for me so ill stay away from trades today.

[heavy crater]

No premium and discount alert

[echo kiln]

FYI - premium and discount levels are the top and bottom of the most recent swing structure. So when price moves above the Premium level, a new Premium Level will be continuously printed in this uptrend

vice versa for below Discount level

These levels are not static like OB's, these are fluid and when price reaches the upper or lower part of the most swing structure, these premium and discount levels are fluid and will adjust on each bar if price breaks through the structure range...

I see a handful of entries based on one timeframe chart lately. Maybe try having a higher TF for an overall bias sentiment to filter out your trade direction? Just an idea....

[dreamy narwhal]

Select the asset price crossing PAC Premium instead.

[heavy crater]

Okay thanks

Really appreciate it

[blissful leaf]

so much to catch up. in the meantime i did another .3% so that's me at 1% green. happy days

[echo kiln]

YOU ARE ON

1H uptrend for the UC is at a pause right now, at several highs, PWH & PDH.
The current RangeSentiment on the 15m is trying to form the first leg of a bearish move, and fighting the overall bull sentiment. 🤔

Same with GOLD, in the other direction, 15m trying to break the bearish 1H sentiment

Same gold story with Lux Signals/Overlay

[chrome vapor]

Hi, luxalgo removed pattern detection from previous versions in this recent version?

[echo kiln]

It's still here

never left

[fresh sparrow]

under liquidity concepts

[chrome vapor]

@fresh sparrow @echo kiln Thanks!! 💪🏻

[spiral harness]

Can someone tell me how to use luxalgo bot?

[echo kiln]

meaning the BackTester? if so, it's in Beta for the LifeTime members, which is no longer available

[spiral harness]

I mean this

[hasty harbor]

https://www.tradingview.com/x/jVAdiGGt/
DXY can free fall from here, I guess. can hold longs on instruments against $$

[echo kiln]

#💬hangout message

[muted pond]

hello everyone. could someone please share best settings with me for XAUUSD trading? i would really appreciate that 🙂

also which one indicators you are using for xauusd?

im looking for 15min to 1h timeframe mostly

[echo kiln]

So many different strategies with Lux, just depends on you and what you like. You can use the Lux Signals/Overlay or the PAC or a combination of the two

https://youtu.be/vpSjJpCpwSE

https://youtu.be/9pUfjSTIdYQ

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

https://youtube.com/shorts/Iv4qRl6HSZU?feature=share

[muted pond]

thanks!

[icy wraith]

@echo kiln for President

[blissful leaf]

if you scroll up a few hours before you'll find a pdf + pictures

@icy wraith is back

[worn tapir]

Let’s not get carried away, @echo kiln

[compact star]

morning guys

[rough pawn]

Breakdown or not ?

[hasty harbor]

Anyone looking at XAU?

https://www.tradingview.com/x/ww7BXeke/

[rough pawn]

still short

[compact star]

target?

do you think it will get to 1980?

[fresh sparrow]

TP's at order blocks

[compact star]

Thank you

[hasty harbor]

After taking partials & setting to BE ill stretch remaining quantity till mid of 4H demand OB

[fresh sparrow]

Clean trade

[hasty harbor]

I guess i am not getting the entry

[fresh sparrow]

Took another partial here, now on Trailing SL.

@hasty harbor it was the EQH's

[hasty harbor]

I was expecting to tag the EQH to grab the liquidity, I am waiting to break this buy OB and create new supply OB

[rough pawn]

I will happy woth 1974 😉

[hasty harbor]

Now Looking for this
https://www.tradingview.com/x/mZESuLPr/

[compact star]

i m done for today, i hit my target, 150 🙂
Have a good day guys!

[hasty harbor]

great

are you trading with funded account?

[compact star]

no

[hasty harbor]

planning for any challange?

[compact star]

Yes I can say, I started last week to grow a small account, I started with £100 and I want to reach 2k without losing them 😄

[hasty harbor]

on real account or demo?

[compact star]

real account

[hasty harbor]

have you traded before on demo account?

[compact star]

yes i do, i think everyone have done that 🙂

[hasty harbor]

how many demo accounts have you blown?

[compact star]

not too many onestly, because i use to use all the time small levrage

like on 10k on demo, i was still using an levrage of 0.10 :))

[hasty harbor]

how much risk do you take per trade?

[compact star]

1:2

1:3

[hasty harbor]

No , I mean risk on capital, not RR

% risk on capital?

[compact star]

per trade around 5%

[hasty harbor]

thats huge

[compact star]

i know

i risk a lot

[hasty harbor]

do you follow any strategy?

[compact star]

mainly supply and demand, order blocks and i get confirmation with LuxAlgo indicator 🙂

[hasty harbor]

I am working on same thing, allow market to reach 1h/4h OB and wait for 5m reversal using lux strategy. but it takes a lot of time develop a setup. meanwhile I am trading gold using 5m strategy.

I still do revenge trading though. I lost 2% yesterday on revenge trading and not managing trades properly.

https://www.tradingview.com/x/H99jl05z/
doing some backtesting on 5m strat on tokyo sessions.

[compact star]

how many trades you do a day?

[hasty harbor]

Ideally should be one or two

[nocturne escarp]

less is better @hasty harbor

all these big traders only take one or 2 a month

[fresh sparrow]

💯

That's because of their account size though haha

[nocturne escarp]

these are high probability setups only A* setups

[hasty harbor]

yesterday I lost 8 trades. FOMO & revenge trading.

[fresh sparrow]

they're making 10K per trade

@hasty harbor

don't worry about it

I think yesterday was a weird day

and we're still learning

[nocturne escarp]

how long you been trading @hasty harbor

[hasty harbor]

2 years

[compact star]

Guys , i gonna leave now, night shift is gonna start soon :))
Wish you luck with the trades . all the best 🙂

[hasty harbor]

have a good day

[fresh sparrow]

final little bit for trailing SL

[hasty harbor]

mondays are weired. shouldnt be trading mondays & fridays

[fresh sparrow]

I find this

I find Monday and Thursdays for me

Monday's I should only find certified setup

when the market doesn't move the way I like I should sit on hands

not try to find a trade

[hasty harbor]

yeah thats how it should be

[nocturne escarp]

yh mondays are weird, i would say purely scalping and fridays is a weekly closure candle so wouldn't trade fridays

thats how i see it and follow it

[fresh sparrow]

1989.44 to 1982.16

🚀

let's now do analysis for NY session

I think we will go into this order block at 1pm to test either we're going to bounce or we're going down.

[hasty harbor]

yes, NY on 55 mins, Ill cancel my limit at NY

[fresh sparrow]

dunnno why I can't see the percentage on swing OB but I think swing OB's carry more weight, I colour mine slightly lighter

it probably will tap PDL imo but this is just an opinion

[slate hedge]

morning

sorry, evening

looks like everybody intense loooool

[fresh sparrow]

nice move, didn't quite hit the OB but bounce

[rough pawn]

Gold - arrived exactly to the support line

[hasty harbor]

https://www.tradingview.com/x/Hh9HVB4T/
bad management from me, forgot to cancel the limit

[fresh sparrow]

oh man

[hasty harbor]

gonna get 0.5% dent on my equity

[fresh sparrow]

38.2% entry was golden for that move up

missed it though, so sitting on hands

[hasty harbor]

I just arrived home. should have cancelled limits before leaving office

[fresh sparrow]

yeah

there will probably be an entry at a FVG

right now it has to retrace

[hasty harbor]

hasnt made coch yet

[fresh sparrow]

yeah that too

it was more so my typical 13:20 spike

enter on 38.2% in direction of spike

[rough pawn]

In TF 3 min you have CHOCH for Entry

[oblique siren]

damn slept through that massive gold spike

[echo kiln]

🌄 MORNING!

or good nite

🌛

[oblique siren]

afternoon

i hate my sleep schedule

[hasty harbor]

evening

[oblique siren]

lol

right so lets hope today is better than it was yesterday

here

we

go

[rough pawn]

GBPJPY - nice moovment..

[oblique siren]

so do you use the 1 hour for trend conformation and then 5 min for trade execution?

[fresh sparrow]

I did a Fib on the recent spike in 5m and have the 1hr next to similarly, I check between DXY sometimes as well

my buy limit is near the 1hr fvg

[rough pawn]

My setup + Entry in 1 hour Chart
Controlling (mooving the stoploss with the trend movement) the trade in 5 min chart

[oblique siren]

ok thank you

i'm struggling to grasp the concept of how to build my own strategy

since nothing i've done has worked

[rough pawn]

Example:
Find an Order Block that stopped last moovment (looks like the price going change the direction from long to short) , wait the OB will reject the price, then wait to alert: CHOCH line, and then Entry to trade with breaking the CHOCH level. ... and StopLoss above the OrderBlock

[supple meteor]

Anybody into USDCAD?

upper reversal, Bearish Divergences building on hr1, already overdue on 15min

its goanna smash hard

[deep eagle]

looking for a possible RSI entry yep

[supple meteor]

i guess

[deep eagle]

I'm looking at the futures so looking from a different direction lol

[rough pawn]

Still LONG 😉

[supple meteor]

All orderblock perfect

[deep eagle]

yep hold the long til it breaks which could be very soon!

[supple meteor]

waiting for momentum...

its nail biting shit

[deep eagle]

nice run you caught great job:)

[supple meteor]

should get out or keep trailing mate.

[deep eagle]

Stay long the futures one hour is showing a take profit right now...... you could take partial profits now

[supple meteor]

i do not have any open position atm. got out just now from USDCHF.

[echo kiln]

NICE, so you trade with an integrated TV broker?

[deep eagle]

The 9 ema can be a great exit tool also and I would experiment with time lengths 5 period can be great exit and also it's worth experimenting using open low and high close values

[supple meteor]

sorry mate. noob question. how do you calculate that value? thanks

[deep eagle]

it's the exponential moving average just plot it on the chart

[supple meteor]

no not ema. open low high close value

add and divide by 2?

[deep eagle]

I'm a noob newbie lol and assuming everyone is using Tradingview.... it should be on all charting packages though

[supple meteor]

ffs😂

[deep eagle]

ooooo go into the settings and you can manipulate change it there

default is closing prices

[slate hedge]

@fresh sparrow how the fib in 5min ?

[fresh sparrow]

what are you asking lol

[slate hedge]

this

[fresh sparrow]

oh it's in profit

two entries on GOLD

[oblique siren]

yo Reiss, i've made the decision to withdraw what is left of my portfolio and only doing paper trading for a few months now

[fresh sparrow]

good job

my rule for this is

If you have 10K in your ACTUAL account

or let's say 20K

then you can trade with 10%

if you've got 25K for e.g. trade with 10% £2500

and in your demo account, start with £2500

and if you love 10% of that amount, consider the account blown.

start again.

When you have 20% up on the account, and you're comfortable, you can start dabbling back into trading your real money

but if you lose 10% of your real money, then again withdraw and go back to demo

The issue is most of the time, people are risking money they can't really afford to lose

that's why they revenge trade all this stuff

but tbh, if you actually are consistent with a small amount, then as your account doubles, you learn to just do the same trades but just with more money.

[oblique siren]

thank you for this

[deep eagle]

Sage advice !

[oblique siren]

just snipping tooled it and saved it

I'm going to start with just £1000, since its closer to my initial investment plus capital.com only allows £10,000 top ups and nothing else which is a bit stupid

i'm going to get the luxalgo 3 months when it expires and just papertrade all the way until i have a fixed strategy that works

which will be a long time so at least i can learn without losing money

[fresh sparrow]

no it does, you have to adjust the balance on your mobile

💯

people that say demo account is not teaching you the emotional risk of losing money

I always say, when you've lost a lot of money, even demo is frustrating

At the end of the day @oblique siren that's literally what I did, I traded demo for my first 3 months of Lux Algo

At the end of the day, if you already have money, stop thinking about the lambo

and the holidays

start thinking about a supplemental income

as in, this is a skill for you to have an additional income.

Start setting some strict goals, e.g. Once I make £100 I'm done for the day

think about it that way £100 a day

is 2K a month

which is 24K a year

That's why before I just kept saying 1:1 R:R

[nova pivot]

I received my Lambo a few weeks back

[left flax]

Oh to be single again... instead 2 ex wives, 4 kids and a boat payment

[fresh sparrow]

🤣

This too

I'm 30, single

no ex wives or kids

[left flax]

I guessed that for sure

[fresh sparrow]

no payments except my extortionate rent

loool

[left flax]

wait they coming for you

[fresh sparrow]

haha

I have a good job and some shares

[left flax]

When your gf says ..I think its a good idea to holiday in Dubai ...you know 100 your f....

[fresh sparrow]

Looool

I wish I had a gf

all the girls I meet now have children

lool

[left flax]

You in UK

[fresh sparrow]

Or, are too scarred from the previous relationships

yes

I'm in the UK

we're doomed

[left flax]

yeah I know right ...so many girls ..have kids

crazy

[fresh sparrow]

and you're a jerk if you don't want to take on someone with kids

even if the baby father isn't in the picture

even if they don't know how many kids they will have from you

[left flax]

and you deal with him dealing with you

[fresh sparrow]

smh

this world.

I don't knock women with kids though, they rule, I was raised by a single mum myself

but....

I just wish men were a bit more smart with it sometimes... cos some men really don't want to be fathers

[left flax]

so true .... so true ...woman after 30 with kids are cool ..its under 30 errr

[fresh sparrow]

💯

anyway, back to the trading

I bought at the Choch on the 1hr

[vague schooner]

is this right time to buy EU?

[left flax]

For my style of trading I wouldnt

its exhausted

[limpid compass]

Maybe is better to wait a better price but the trend is very strong buying

[rough pawn]

EURUSD still in short

[echo kiln]

I like the sharp, crisp visual chart, Its the small things that get me excited 😹

Anyone try a non-time-based chart?

Anyone trade with Oanda? might want to double check other brokers as well for next week...

[fresh sparrow]

GOLD trade still in for now, got in the CHoCH on 1HR and held trend tracer on 15m

What a day on GOLD

Sold at the EQ on 1HR

[rough pawn]

THe BTC looks very bad..

[fresh sparrow]

haha I said this to someone recently I sold 70% my crypto on the 14th or something

I have an order that triggers every week, I buy about £25 worth of crypto over 12 coins or so

every week

but some people just keep thinking they're going to be crypto millionaires and leveraging too much money into crypto rn

Coinbase suing the SEC all this shit

lol

it's crazy

https://www.cnbc.com/2023/04/24/coinbase-sues-sec-after-months-of-silence-from-federal-regulator.html

Just stick with Gold and Forex

[echo kiln]

Crypto is tough to wrap my head around. At times, you think this is the time to buy and HODL to at least double your money and higher. But MOST times, I know this is just an imaginary object that the FEDS want to squash or at least place regulations around it, and tamper this down a bit. So i'm just a home gamer here eating popcorn...

SBF still owes me MY money 😡

[rough pawn]

USDCHF going hardly...

[fresh sparrow]

I'm going to finish some work guys

👋 catch y'all tomorrow

[slate hedge]

see ya

[fresh sparrow]

actually, I think tomorrow I'm out the market but be back on Thursday

[slate hedge]

be safe

[echo kiln]

Thanks for the charts, good stuff indeed! 🙏

[rough pawn]

Someone here trading the OIL ? ...

[echo kiln]

I watch and trade USD/CAD based on WTI moves

[rough pawn]

In wich TF?

[echo kiln]

4H 1H 15m

[fresh sparrow]

btw, 1H and 15m have changed my game for the better

I mix between 1H, 15m and 5m

[echo kiln]

5m is tempting, but sooner or later, it will catch up to you (actually me 😹 )

[slate hedge]

i watch 5min only, 15min way batter to catch conformations

[fresh sparrow]

I forgot to change my sensitivity, so my entry for GOLD was actually really good at the CHoCH on the 1H

But, that's why I don't just watch 5m anymore, the whole time on 5m chart, you would have been waiting for short after the red strong sell signal.

lovely

[rough pawn]

EURUSD
I am not sure if the price continus move down to the next below level, so I decrease my StopLoss in 5 min chart for safety..

[shrewd sky]

Remember me posting this other day🙏🙏 @echo kiln

[echo kiln]

[fresh sparrow]

Nice push on gold, over the eq

break of trend would be good

there we go, will watch how it trades through asia will probably go to 1996

🚀

There we go 1996

[blissful leaf]

XAU overbought now but congrats if anyone held

done my 1% today i'm just watching

[fresh sparrow]

Yeah crazy haha I sold before should've held through the EQ but still learning

As long as I'm profitable idm

Made 10% on my account

Personally, I think that the 5m strategy is good but it depends on equity

I am noticing that some of my entries are really good however, due to only trading on shorter time frames, I am not observing the bigger picture. Still happy with the profits either way

Always good to reflect and perfect

[blissful leaf]

not nice

[echo kiln]

Yup, AUD pairs and their long wicks

[echo kiln]

if you catch the wicks on the right side, then

[snow beacon]

https://www.instagram.com/p/B3HMbl2AqST/

the1millionproject

Instagram

all these youtube and ig forex gurus showing all them profits

[solar python]

1000 lots☠️

[echo kiln]

I can do 0.00267 lot 🤷🏻‍♂️

[echo kiln]

Tempting to take this pullback for a short. But seems like there’s some bullish/hesitation levels here 🤷🏻‍♂️

[slate hedge]

morning everyone

[hasty harbor]

morning

[compact star]

hello guys

any trading idea for gold?

[hasty harbor]

https://www.tradingview.com/x/SOXh9KPv/
I am in this short, since 15M structure is bearish

Also on EJ long, which is doing good at the moment.
https://www.tradingview.com/x/DLUnYBnJ/

[compact star]

i m in short my target is 1980

[hasty harbor]

manage your trade along the way

[fresh sparrow]

Good morning all

[slate hedge]

morning to you

trending up

[hasty harbor]

morning

You thnk gold go bearish

I shorted gold and its chopping for 3 hrs

I love japan though.
https://www.tradingview.com/x/h4uzrsIW/

[fresh sparrow]

I dont know if I'm honest

according to the indicator should be looking for longs

but it looks bearish to me too

[hasty harbor]

PAC shows series of supply chain on H1 for gold, I guess NY shall tap those supplies in 2010s.
I have reduced the risk to half on gold short.

I think its not coming home for me.

[fresh sparrow]

trying to break out of downtrend

[hasty harbor]

https://www.tradingview.com/x/MUO2xXsa/
this new toy telling buy volume kicking in

Range sentiment shows gold bearish on 5m,7m,15m & 1h, but bullish on 30m.

I am backtesting the strat on tokyo session. And since 18 April, 25 potential trades appeared, 14 win, 8 loss, 3 didnt come to entry.
https://www.tradingview.com/x/65HZ7Gfm/

[slate hedge]

yup, its telling that 5,7,15min its pulling and 1hr red candle, but the closeout in 30min will be at the top and then another candle will appear

dam, i love 15min and 30min to take conformations

oh, thats 50% on the fib

lets see if it bounce

please hit 23% real quick looooooooooool

[hasty harbor]

Are you longon xau?

[fresh sparrow]

broke out

[hasty harbor]

Are you in any trade?

[fresh sparrow]

I'm long atm

[hasty harbor]

even I feel Ill loose this on gold.

[fresh sparrow]

I dunno, it's not moving how I like to be honest

I'm telling you bro haha

I only like trading NY session with Gold really

[compact star]

what lot size are you using now for gold guys?

[fresh sparrow]

depends on account size really @compact star

ok, that's one thing I didn't check

there's news at 13:30

[hasty harbor]

I use this
https://www.cashbackforex.com/tools/position-size-calculator/

[compact star]

till then we go on sideways?

[upper pilot]

what about eurjpy? anyone long here?

[slate hedge]

uuhhhh, so slow

[hasty harbor]

https://www.tradingview.com/x/zwjInv1W/

[zenith karma]

I am long on eur/usd

[slate hedge]

going short after this

still waiting

[upper pilot]

on eurusd?

[slate hedge]

silver

i see that 50% on fib

2hrs 19min to NewYork

[rough pawn]

EURUSD 2H chart Will we breakUP the 1.10755 ?

[slate hedge]

it need 2 heads i think

[slate hedge]

what the ....

[stuck axle]

Gold selll ???

[slate hedge]

what did just happen looooool

[slate hedge]

things going sideways for abit

[echo kiln]

Maybe a little pause before the news release 🤷🏻‍♂️

[slate hedge]

loooooooooooool

lamo

1hr 17min to NewYork

[fresh sparrow]

lool

[blissful leaf]

started the day with 0.5% profit, went to -.7% and now back on breakeven. time to sit down

[fresh sparrow]

just took profit at 1993

[echo kiln]

Sitting is good. Reset your head.

[rough pawn]

USDJPY - what you think ?

[slate hedge]

hit the fib tool and see

whats goin on today loooooooool

[fresh sparrow]

News lol

[rough pawn]

BTC is going back to 30K

[echo kiln]

thinking about what to eat later

[slate hedge]

the thing is i dont watch the news loooooool

Och, 1st stoploss hit

[fresh sparrow]

You should always watch for news

[echo kiln]

DXY wants to take another leg down?

[fresh sparrow]

Some traders I know don't even trade on news days

[echo kiln]

so that like not trading for 4 out of 5 days?

[hasty harbor]

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

[fresh sparrow]

💯

I know one guy who says he doesn't trade news days/Mondays or Wednesday

Only trades Tuesday, Thursday and Friday.

[slate hedge]

Friday, ummmm hmmm. i know people got fried on friday loooooool

[echo kiln]

Here's a different look, added the Lux Moving Average Converging 🤔

[rough pawn]

https://www.investing.com/economic-calendar/

[echo kiln]

Also we have it on our TV right side panel

[vague schooner]

what's happening

[blissful leaf]

DXY is melting

[vague schooner]

Why? is there any news or event?

[blissful leaf]

NY woke up

• 0.95% can take the day off, target hit

[echo kiln]

Reach 1H OB and broke through, got my 10 pips TP, no shame, I love my 10 pips everyday, every week

[blissful leaf]

on fire

[echo kiln]

eh, just 10 pips, not fire, but maybe luke-warm most days

[rough pawn]

EURUSD next level: 1.11854

[blissful leaf]

you keep compounding those 10 pips and let's talk next year ok?

[echo kiln]

For me, easier to guess/predict a 10 pip move at a high % rate, vs. a nice 40-90 pip move

[blissful leaf]

overbought on XAU. @fresh sparrow you still alive?

[slate hedge]

damn, i missed it

[fresh sparrow]

Yeah still alive

[slate hedge]

got that looooool

[fresh sparrow]

I did 1997 to 1993

and now

2004 entry

on short

[slate hedge]

nice

[icy cliff]

Hello guys, any thoughts on CADCHF ?

[rough pawn]

CADCHF still in short

[slate hedge]

where to loooooooool

[fresh sparrow]

still in short entry, took majority out here now with a trailing SL.

[slate hedge]

it is going down

ill watch it from 30min\

[zenith karma]

I missed the break up but I was in it

How far eurusd will go down ?

[snow beacon]

My trading strategy. Same setups everyday happen. For scalps swings intraday. I did the video on futures but forex is even better. Have a look. You can use LUXALGO ict concepts indicator to sraw what I drawn automatically

[slate hedge]

trust me, if we know..... every one here will be rich

[zenith karma]

Well everyone can be reach but I meant with analysis... how low you think it will go?

There are signs or information in market that will tell you next target

[slate hedge]

if you know, ill be your student

[zenith karma]

Eurusd my prediction it will hit 1..10269 then should hit 1.10154 test it out on demo account.

[upper pilot]

The market today is crazy

like for real, I wanna take a trade but I feel it will be a certain loss

[echo kiln]

did you record this in a crowded subway?

😹

[snow beacon]

Ahahaha

In hospital cafeteria

[echo kiln]

LOL

[snow beacon]

[echo kiln]

all good, thanks

[snow beacon]

Np Micky Bro

[echo kiln]

midnight candle - check

8:30am candle - check

✅

[snow beacon]

Time price and liquidity

Time being more important than both

[echo kiln]

[zenith karma]

Record hard to hear without headsets

[snow beacon]

im sorry it was lunch time and everyone was hunting coffee in the cafteria just as Algos hunt liquidity

Im buying a mic i will repeat same strategy everyday and show the setup, maybe even take it live

[echo kiln]

London over, looks like chop rest of NY. Still up trend though

[zenith karma]

Yeah I cashed out just now just in case

[fresh sparrow]

Stayed in this haha with my last amount

Haha 0.1

[echo kiln]

Nice. I wanna take another EU short, my head so says now, the time says no, but my heart says WTF GO!

[fresh sparrow]

Haha usually how it is

[upper pilot]

I wanna short EURCAD right now

But Im sure it is the wrong move hahahaha

[echo kiln]

No regrets

😹

joking

[echo kiln]

u still in?

[echo kiln]

I'm still in on my "not so smart" EU short. Still nothing....may close it at BE, not sure

[blissful leaf]

small range for the past hour, i'd close it. might see a big spike either way towards the end of NY, it usually happens

i'd close it at BE if i were you, back at it tomorrow

[echo kiln]

Its needs to head towards the lower end Asc BW trendline, thats what PAC says and thats what it MUST DO

[blissful leaf]

PAC also said to short gold, then to buy gold and then to short it again in the last hour

[echo kiln]

Right? If PAC says it is, then there's no other choice

[blissful leaf]

https://tenor.com/view/mr-bean-wink-wink-winking-rowan-atkinson-gif-15388297

when i was in seoul last week i was sad i can't take advantage of the NY session due to the time difference, now i'm sad i can't get early for london opening fs

[echo kiln]

If I had to pick one, I'd go with Big Ben

London Bridge

[blissful leaf]

not impressed with big ben

[echo kiln]

https://tenor.com/view/big-ben-oh-steelers-shocked-face-gif-10074145

[blissful leaf]

that's the spike

[echo kiln]

I know, FM

Im not crying uncle yet

[blissful leaf]

called it son

[echo kiln]

not over

😹

here we go, its the make it or break it last hour

https://tenor.com/view/will-ferrell-amy-poehler-the-house-gamble-dice-gif-8225039

https://tenor.com/view/praying-praying-for-you-god-love-peace-gif-18029756

DXY not helping, dang

[blissful leaf]

done my 0.94% today, i'll take it

[oblique siren]

ayo @fresh sparrow

i finally got a profitable trade on the first try of the demo

[hasty harbor]

https://www.tradingview.com/x/KsTsL9kz/
looking for this. last trade of the day.

[blissful leaf]

stop entering the market in late NY i got fried so many times

also i would have personally moved the sl below the other OB for safety - just a thought

[hasty harbor]

Thanks for the intel. I havent done that before. however the trade is active now, moving SL below would ruin my risk management.

[blissful leaf]

careful the market is closing soon and might open with a gap. always a gamble

spreads are huge when the market reopens fyi

[hasty harbor]

Yes spreads are crazy this times, once my limi order didnt fill and it was easy 1:10 RR trade completed without me.

However, I risked only 0.25% on above xau long, so ill let it be. i'll get the trade or get a lesson. Thanks, I'll keep in mind

[fresh sparrow]

Well done brother

[blissful leaf]

talking about spreads

[ashen flower]

What brokers are you with ?? This is aaafx

[oblique siren]

i'm with capital.com and its 0.3 for me

no wait

30

[echo kiln]

Im still in on EU 🤣

[echo kiln]

I'm not asking much here, just want at least 20 pips here. Several FVG's below, 4H OB down there somewhere, Asc BW pattern.....Price wants to come out of the 1H premium zone.

SO COME ON!!!!!!!

AND 15m Lux Signal/Overlay trying to confirm a short trend 🤷🏻‍♂️

If not, oh well, next time

Waiting for Asian to open to dump me in my favor, or slap me in the face like there's no tomorrow.

[snow beacon]

yo micky

[blissful leaf]

pimp slap?

https://tenor.com/view/smack-you-ill-will-smith-gif-25237894

[echo kiln]

Yo

[hasty harbor]

https://www.tradingview.com/x/kmP0prlC/
it played well @blissful leaf

[rough pawn]

EURUSD

[slate hedge]

morning all

[slate hedge]

you guys seeing this @@

[hasty harbor]

What ?

[slate hedge]

sym triangle

for a whole week

[rough pawn]

The patterns are not working for good entry,
I suggest you to spend time in Price Action + ICT concept

[slate hedge]

ict , i leave it as defaults ?

[slate hedge]

got it

[hasty harbor]

https://www.tradingview.com/x/LmnOyunc/
anticipating..

[slate hedge]

you think ?

[hasty harbor]

yes, but news is there. so anything after news only.

[slate hedge]

got it

[hasty harbor]

https://www.tradingview.com/x/pZknzxOb/
active

[slate hedge]

following your lead

tell me when to exit

[hasty harbor]

What you looking for? long or short?

[slate hedge]

just went for short looooool

on gold

[hasty harbor]

dont risk too much, I am just 0.25% in

[slate hedge]

yeah me too 75% looooooooool

[hasty harbor]

ready to get rekt

[slate hedge]

usually i do silver, but gold this time i went blind following you, so either i take a slap or..... call it for the day

i think the slap

[hasty harbor]

https://www.tradingview.com/x/HdMyvK3y/
hanging right at the entry for so long.🧐

[merry venture]

Hello

[slate hedge]

looooool

[merry venture]

i just looking for entry in shorts on xau at 2001/2003

good idea ?

[hasty harbor]

anything, before news

[merry venture]

ok thank you (i am newbie)

[slate hedge]

me too

[slate hedge]

how is it ?

consolidating ......

[hasty harbor]

I guess whales are waiting for the news only.

[slate hedge]

https://tenor.com/view/crycat-crying-cat-crying-cat-thumbs-up-thumbs-up-ok-gif-22851318

[slate hedge]

https://tenor.com/view/hello-los-angeles-lucifer-morningstar-tom-ellis-lucifer-hello-la-gif-18407093

[snow beacon]

forex boys

lets say i want to trade GBPUSD pair

how much do you guys buy? like average?

i paper bought 10k GBP units

2 pips in profit and only $2 profit? is that normal

and how many pips for target is good? 10 pips good? 20? 100?

[slate hedge]

what happen, why stopping looool

[snow beacon]

up 5 pip rn

[fresh sparrow]

whats up all

[snow beacon]

im not using leverage btw just tradingviews buysell

someone help ;D

[slate hedge]

nothing much, in short ( gold ) atm

[fresh sparrow]

nice man

[slate hedge]

just following @hasty harbor

thanks to him

[blissful leaf]

the legend says @echo kiln is still holding his EU short from last night

[echo kiln]

Painful, but yes. Still at BE 🤣 never broke my setup to the upside. Still in.

That’s why I always scalp. Unlike me to hold like this 😂

[echo kiln]

Full lot in FX is 100,000 units. So 10k units is only 1/10th of the full size

[fresh sparrow]

I saw news today

and after yesterday, no longer trading before news

was a mindfuck

[blissful leaf]

just took a 5 pips on EU now, waiting for the news

[fresh sparrow]

good place to reduce position size on Gold at the EQ on 15mins, if you're in short.

[slate hedge]

exit ?

[fresh sparrow]

TP

reduce position size

if you're in 25

maybe sell half

[snow beacon]

damn

[fresh sparrow]

@gritty lodge chart has no TP

[snow beacon]

so going in 10k is not that good?

i added 90k more

now full lot

[echo kiln]

Not good nor bad. It’s according to your account size.

[snow beacon]

alright

[sick crow]

Here, when u trade it will be like 0.01, 0.1 and 1 lot

[snow beacon]

i recorded a vid on yt using luxalgo ict concepts indicator for futures

now im making one for forex

[echo kiln]

It’s like trading only 2 shares of TSLA versus 1,000 shares.

[snow beacon]

jesus

[sick crow]

If ur saying 2 pips gave you 2 dollars, that means u have bought 0.10 lots

[snow beacon]

so rn im in 100k gbp

does that mean i entered an 100,000 pound trade/

[echo kiln]

Ok let me manage my trade with this news stuff. Be back in a bit

[sick crow]

Position sizing depends on your risk and capital size

If you are new or learning i will suggest go for 0.01 lot

[slate hedge]

any other ones loooooool

[snow beacon]

❤️

a potential setup on GBP/USD that ill record once its ready