💱forex-chat

[slate hedge]

what the ....

whos playing with the settings

[fresh sparrow]

@slate hedge if you're still in @hasty harbor trade, I'd definitely take full profit here

Amazing trade @hasty harbor, congrats

[echo kiln]

@blissful leaf IM OUT

[fresh sparrow]

I'm kinda glad I didn't jump in because I would've put the SL at the 15m order block and would've been stopped out

[blissful leaf]

got rekt, i'm out for today. for once i don't follow my rules and it goes against me

[fresh sparrow]

it happens bro

re assess and come back tomorrow or next week!

[blissful leaf]

dota time

back tomorrow

[outer sonnet]

Y’all know if there is News on gold?

[blissful leaf]

forexfactory.com

[slate hedge]

long ?

[fresh sparrow]

Nahhh, wouldn't long it here

just tested the PDL

have you not heard the saying, never try to catch a falling knife?

Wait for confirmation of reversal

[blissful leaf]

reckon it'll hit 77-80 before thinking where to go next

[echo kiln]

Past 3 trades on this chart. This last short trade held from last night never broke my 15m Lux Signal/Overlay bearish structure. So I held on the 1H overnight. I held through news because I have my live CNBC feed on the floor disclosing the news numbers and sentiment at that time, and never broke from the bearish choch, held this until it hit 20 pips near the 1H OB, originally I had my TP below that for about 45pips at the bottom trend line of the Asc Wedge pattern.

So what did I learn? I learn to just scalp my 10 pips each time

[fresh sparrow]

@hasty harbor don't tell me you were stopped out

I see you typing

I only want good news

[hasty harbor]

Sad. I never used mt5 on phone and couldn't able to manage the trade. It was expected it would do the shit. But didn't expected this kuch shit

[slate hedge]

waiting u

[fresh sparrow]

where you from @hasty harbor

[fresh sparrow]

I am not trading today really

My pet is at the vet rn (she's fine) but didn't wanna trade when at any minute they could call

[hasty harbor]

India. Working in Dubai

[fresh sparrow]

fair, no capital.com for you

Do you have ooanda?

I find trading on MT4/MT5 a bit of a crazy one

[hasty harbor]

I need to seriously learn how to use mt5 on phone. Lol

My sl was 2003.81 and price came to 2003.45 or so. Caught on spreads I guess

[hasty harbor]

I am in mff challenge so gotta use what they offer.

[echo kiln]

hope your pet is doing ok. My dogs are everything to me

[slate hedge]

any conformations ?

[hasty harbor]

https://www.tradingview.com/x/28Pp1lz1/
can not ask for more precise entries. 1:6 trade rosted on a wick

[fresh sparrow]

thanks mann, I got a russian blue cat tbh

[fresh sparrow]

that's the thing with this trade bro, you'd have to put the SL above the order block

not entering

because it's always going to enter to test

[fresh sparrow]

this was the only one I saw but it was too close to order block.

[hasty harbor]

It was above. But spreads. I didn't know mt5 can be so crazy. I wanted to exit but before I could figure anything I got roasted. Lol

[solar python]

i have russian dog breed, would like cat as well, maybe siamese cat

[fresh sparrow]

russian dog?!

I never knew there was such a thing

send a picture please!

[solar python]

east european shepherd, developed from the german shepherd

[fresh sparrow]

so if you entered here

[oblique siren]

i got stopped out, only lost £3 because the demo is cfd

and only did 2 shorts since it was 10% of the account

thought it was going to go up after the OB retest

[fresh sparrow]

tbh I'm looking for a retest of 1992

it makes sense on the hourly as it's the EQ on the 5m

[oblique siren]

think i'm going to wait to see if it retests and reverses the 1977 OB

[fresh sparrow]

yep that's how I'm thinking too

[slate hedge]

where it will stop ?

[fresh sparrow]

that's why I said about falling knife

Don't try catch it

it's creating imbalances

you'll have to wait for them to fill

I've noticed, I am always looking for short quick entries

but the money is in the patience

[slate hedge]

thats crazy

long here ?

[oblique siren]

i'm waiting for it to test the 1977 OB

[slate hedge]

now ?

[fresh sparrow]

sorry, I was on a call

I took it

I entered 1974.91

I took 90% out once I had made a decent profit though

good entry man

[oblique siren]

I'm going to wait for the retest

if it has

or will

[fresh sparrow]

nice

[slate hedge]

im in

[fresh sparrow]

what's your entry

I only took the entry I had because it was lowest risk

[slate hedge]

24.63

[fresh sparrow]

what

lol

[slate hedge]

where it will stop ?

[fresh sparrow]

oh you're on silver

i sould sell here

would sell here

I sold here

[slate hedge]

i sold silver \

[fresh sparrow]

great trade bro

I took one trade that was it today

[slate hedge]

got in again looooool

[fresh sparrow]

be careful

I'm done

that was me

Another day of Reiss, why didn't you hold it longer

ffs lol

[oblique siren]

Damn I should've taken it with the amount of OBs there were

But you secured a profit riess

I'm going to see if it retests this area now

[fresh sparrow]

💯

[oblique siren]

Sorry for bad photo give me a sec

[fresh sparrow]

bro, tbh, I focus more on profit than anuything

also, want to get rid of signals and overlays tbh

I like them but I'd rather trade on my own now

[slate hedge]

got 3k of it

[fresh sparrow]

broo, how can you have a screen with TV and not discord on the same computer

[fresh sparrow]

almost 20X what I made

hahaha

[oblique siren]

I'm in uni rn, I'm logging onto discord via browser now

[fresh sparrow]

ah to be in uni once again

[oblique siren]

Got TV running in the background while I do assignments

[fresh sparrow]

nice nice, I wish when I was in uni I was trading

instead I put 5K into BTC and XRP when BTC was at 17K in 2017 or whatever

then dumped to 3K

my first experience in trading

lost 4K

😆

which is not easy in uni

and it was my student loan/grant

😿

beans/toast or family food for that year

[oblique siren]

tha's why i pulled out my portfolio

money wouldn't of been an issue if i lost it all

its just nicer to have more to fall back on if i needed to

plus the demo will help with gaining experience without putting paychecks into it just to lose it

[fresh sparrow]

Yeah yeah

I'm telling you bro, everything I say is from experience

[oblique siren]

current setup in uni

[slate hedge]

thats it for the day

ill see you guys tomorrow .... yall be safe

[oblique siren]

Have a good one Bo

[zenith karma]

What gave you Confluence on this trade ?

[oblique siren]

current trade on 5min gold

[midnight pivot]

What are your confluences ?

[oblique siren]

at the time the MACD was blue, the adv osc was showing green in terms of buying power, price was fluctuating around the green area and the price has just failed to break the OB's

[midnight pivot]

Nice bro you still holding it?

[oblique siren]

still holding

volume has really slowed down with London market times nearly over

so not expecting a big move

[snow beacon]

Nothing slowed

We are just In lunch hour ny

[echo kiln]

And London about to shut their doors 🚪

[oblique siren]

ah ok will need to note that

i'm only familar with London times

[snow beacon]

Micky how’s my audio now on new vid

I did it in personal cafeteria this time

[echo kiln]

I haven’t gotten a chance to watch it yet

I’ll watch it in a little bit

[echo kiln]

Session times are probably one of the most important factors in Forex

[snow beacon]

It’s more straightforward

[snow beacon]

I think in fired

Forex

7 am to 10 AM NY

Is best session to enter your trades based on your TA

[oblique siren]

i'm using Gold rn, does it have the same importance?

[snow beacon]

Of course this is for morning session

For afternoon it’s around 1-3 I think

[snow beacon]

All do

Any market

[echo kiln]

No right or wrong answer. NY has the highest volume, but the most impactful whipsaw news release. Pick your poison 👀

[snow beacon]

I agree

[echo kiln]

Everyone safe?

[fresh sparrow]

held the order block on the 1hr, also bounced from sellside liquidity

[oblique siren]

i caught it going back up

yeahhhhhh buddyyyyyyyyyy

[fresh sparrow]

Yes brother

let's goo

your TP is too high though

As in look @oblique siren

1991.50 is the change of MSS or CHoCH

@oblique siren do you know how to take partials on TradingView

when it hit the EQ, I would sell 80%

[oblique siren]

i don't know how to take partials

i just sold at £35 profit

[echo kiln]

NICE JOB!

[fresh sparrow]

I'll teach you

you're using capital.com right?

@oblique siren this is the trade I'm in right now

[oblique siren]

i do yes

but i ususally use spread betting

the demo only allows cfd

[fresh sparrow]

You should stick to cfd

[oblique siren]

only reason i'm not on cfd is because spread betting is capital gains tax free

[fresh sparrow]

I mean, tax is a way of life man, it comes with it's drawbacks

to me

if I make 20K, and. pay 4K tax, it is what it is man

lol

[solar python]

20% tax sounds pretty good, capital gain taxes are 30% fixed here

[fresh sparrow]

exactly lol

UK tax

So you get 12,570 free, and then anything else on top of that is 40% lool

so if I pay 20% on trades, it's better than having a job lol.

You make 1K a day, you're paying £200 tax lol 😄

[solar python]

that 45% hurts tho 😵

[prime surge]

Guys opinion about GJ❓

[echo kiln]

Looks like a nice trending pair, not bad

[frigid gorge]

Anyone using ctrader here? Any big difference vs using mt4? Thinking about swapping. Need some real user experience

[snow beacon]

whos here in germany

how much tax is it for futures/forex/crypto

[solar python]

Google tells that it's 25%, i'm not from germany so might be wrong tho

[snow beacon]

nice ty

[slate hedge]

evening yall

so as i said earlier this morning ........

..

and it did hit

so tomorrow ..... SuperMan day loooool its going to fly sky high

mark my words

night ... see you all in the morning

[echo kiln]

@snow beacon finally went to bed? 😹

[snow beacon]

lmao its 4:30 am

[echo kiln]

Got it 🍇 Back to my old Lux days, keep it simple. I think i'm gonna stick with it. 🍇 10 pips hard TP.

[slate hedge]

morning

[slate hedge]

May Be

just a heads up

https://tenor.com/view/rocket-lift-off-gif-10300477

[slate hedge]

going up or down ????....

https://tenor.com/view/bunny-what-huh-confused-gif-16384988

some help here looool

[blissful leaf]

DXY on the rise i would assume silver also gets affected just like gold

[grizzled dagger]

@ Micky Lux Pro.... I would like to ask that you share from time to time your screen and your thoughts to help us learning how to interpret the print on the tape. I am trading EURUSD cash only. Thank you.

[fresh sparrow]

Had an alert trigger at 2:38 in the am haha

perfect entry would've been

[rough pawn]

I missed this trade...😂

[slate hedge]

3 time i got slapped

come on ... fly

https://tenor.com/view/firash-fly-away-gif-15353332

[fresh sparrow]

probably not going to trade today or next week Monday/Friday

bank holidays in the UK

and I work in a bank

lol

[slate hedge]

https://tenor.com/view/kermit-say-what-what-gif-15506364

[fresh sparrow]

hh

haha I work for a fintech

so it's not corp

[slate hedge]

oh, sound like fun

so its signaling, will retest and lift off ?

or im wrong

trying to know how to use the fib tool.

[fresh sparrow]

Yeah yeah

I think it's difficult cos not many people trade silver here

everyone's either forex or gold

I don't think it will lift off as per say, cos if you look on the hourly, it's been a downtrend

[slate hedge]

scary

in 3hrs shoulder head shoulder

just look at it this morning

what do you think ?

[fresh sparrow]

I mean, i can't read your charts bro

lol

You need to edit what you're trying to show

[fresh sparrow]

like I dunno what this is lol

[slate hedge]

https://tenor.com/view/the-mental-of-audac-solo-gif-20119294

[fresh sparrow]

loool

[rough pawn]

Silver 15 min ... at this moment still not clear the direction..

[onyx abyss]

what is the situation in gold

??

[sick crow]

Gold is consolidating before news

[onyx abyss]

ok

[rough pawn]

Gold 15 min

[fresh sparrow]

I don't use them but I think you use show strong /weak HL

actually it's not lol

just tried it

probably best to ask in #💬hangout or #🤝support

[echo kiln]

Sure, I share my actual trading screens all the time here and I also share different template looks as well.

[rough pawn]

AUDNZD

[blissful leaf]

a trade that i took this morning, closed too early by the looks of it 😄

news coming soon, markets are starting to move. out for now

[fresh sparrow]

Interesting

news at 1:30

[slate hedge]

what time ? UTC

[echo kiln]

8:30am NY

UTC-4

[oblique siren]

i am waiting for it all to hit the fan and go crazy

[blissful leaf]

https://tenor.com/view/arrival-darth-vader-star-wars-gif-11133778

[oblique siren]

yeah imma stay out for a while

have no clue what the market is doing rn

in gold

[thin shard]

Idk

Dxy pump

Bur gold same price

After new

Just wair 10-15m

[oblique siren]

isnt the correlation dxy down gold up?

[blissful leaf]

usually yes

[thin shard]

In most case Yes

Dxy pump = gold down
Dxy down = gold pump

[echo kiln]

Got my 10pips hard TP

DXY index

[rough pawn]

EURUSD looks that the short trade started yesterday in 22:00 .. I was not near pc on this time...

[blissful leaf]

@echo kiln imagine you held your short there fs

[echo kiln]

looks good, reached the 50% of that previous FVG

[echo kiln]

thats the hard part of this, looking at would could had been. But you know what happens when the next time i want to hold?

https://tenor.com/view/slap-in-the-face-angry-gtfo-bitc-bitch-slap-gif-15667197

[blissful leaf]

that is so accurate lol

[echo kiln]

ill take my 10pips 10 times in a row with maybe 1-2 losses along the way. Less stress on me, as I get to enjoy the rest of my day...

I went back to my classic simple Lux strat that I have been posting links on in the past. Just added the HA bars because all I want and need is 10pips, i'm not concerned with levels, zone areas as much with this set-up, just want my 10 pips, thats all. Trend Catcher, no signals, color gradient, auto long term. Thats pretty much it, it's mindless really.

[slate hedge]

you sure ?

[echo kiln]

Dont need much to add as HA bars in itself is a trend indicator, so HA with color gradient, auto short term, catcher = 10 pips, day in, day out, rinse/repeat

[fresh sparrow]

there's still a FVG on the 1HR for gold

tapped sellside liquidity on the hourly

[slate hedge]

looks like it going up

[echo kiln]

love LOVE the DXY side by side with your XAU

Cant leave home without it

[fresh sparrow]

thankss man

I've realised if you have both on auto pilot medium

if you get a sell signal on DXY and buy on GOLD it's more 80% more likely

just sold 80% at 1988.77

[echo kiln]

https://tenor.com/view/shh-secret-chris-pratt-silence-dont-say-gif-17543341

[fresh sparrow]

ah ffs

I was putting a trailing SL

and I set it at like the wrong price

and it just closed

lol

well that was fun

rode that up to 1989.41

[echo kiln]

Nice job this whole week!, Shut it down? its friday? enjoy the weekend?

[blissful leaf]

markets still open why take off early

can squeeze it more

[echo kiln]

your right, HERE WE GO

[blissful leaf]

ah shit there's more news, it's not even 3pm here

[echo kiln]

CHI Town PMI

Michigan is up next

@blissful leaf stand in line, more to come

😹

USDJPY

EURJPY

Majors looking good

[fresh sparrow]

Definitely, shut it down!

[echo kiln]

From the looks of it, gold would be the challenging one today....

[blissful leaf]

out for now, did well above my daily target.

was shorting eurgbp and usdcad but there's low liquidity rn. friday + end of the month + bank holiday monday

might come back later

[echo kiln]

raise your daily target 😹

[blissful leaf]

might have to

[echo kiln]

or increase lots, which is the safer route if you are pleased with your current win%

[blissful leaf]

danger to get used to increased lots

[rough pawn]

Natural Gas - today jumped suddenly

[echo kiln]

Last 10 pip'er for the week (maybe, LOL)

[echo kiln]

my 15m entry TF, all 3 trades since late yesterday, Ulti MACD, Ulti Stoch, candle color, and dashboard reading

[left flax]

look at cable ...Micky

[left flax]

I know ..beautiful !!!! just made my whole month

[echo kiln]

NICE!!!!!!!!!

[left flax]

been long since 17th 1.21200 thats 1st purple on the daily after that

sweated bullets though as was 1:200

[echo kiln]

wow, good for you, i dont think i have the stomach for swings, i wish i could...maybe some day

[blissful leaf]

3rd entry was quite late wasn't it? or you waited for the break of last high?

[echo kiln]

i need to take extra strength vitamins for that 😹

[left flax]

I do it with valium and Amsterdam treatment

[echo kiln]

eh, with this template, im not concerned with prev highs lows or whatever, just want small 10 pips, so i just use gradient color, HA bars, lux macd/stock, and DXY

mindless entry

If i was targetting larger moves, then yes, levels are very much important, for sure!

HA simple patterns are key as well

[blissful leaf]

your entry could have been 2 bars before

or 1 lets say, the candle is solid green

[echo kiln]

YES, this is true, i looked at the chart late, so for this 3rd trade, the DXY was key

the 2nd trade, was a pure news momentum whipsaw on the news candle, thats all that was

[blissful leaf]

not impressed with the news

[echo kiln]

waited for the upside wick to come back down to candle open and then entered short

ok im really done, dxy feels like exhausted now, friday 2nd half NY, done

[blissful leaf]

speak monday!

ended up almost flat for the day

[echo kiln]

I mentioned before many moons ago, I also have a live feed of cnbc on my TOS platform, this HELPS me alot during news as they read off the data in real time and analyze price action sentiment as well. So this is my squawk box for trading around the news

[blissful leaf]

link

ah on the platform

[fresh sparrow]

had this level of interest since Wednesday and forgot to set short limit buy haha

[echo kiln]

Quiet this Friday in here 🤷🏻‍♂️

[echo kiln]

Have a good weekend everyone 🫡

[snow beacon]

You too Micky boy

[solar python]

my man but drop that valium bro😂👍

[grizzled dagger]

As a thinker and investor in EUR USD both currencies, I don´t mind which side I do exchange. Since I discovered that deep in my mind in Feb 23 I can trade without any emotions at all.

Moreover, I don´t even have a stop loss any more! I can not lose when I am overweight in EUR, and I can not lose when I am overweight in USD. It took me ten years (!) of intense trading activities sim and real every day to finally get to that point. Never give up!

[sturdy karma]

Micky on that trend strength do you look for a threshold say for example +40% or over for trend strength either on 15min or the 60min but not necessarily both or do you not take the trend strengh % into account if trend is green on 1hr and then just look to get in on a retracement with aligned color on the 15min ? thanks]

Also I presume you would enter say long on 15min or even one can enter off 5min aligned with hourly if macd cross > histogram is cyan and positive correct ?

[echo kiln]

I use the dashboard for an overview sentiment. Meaning if the entire dashboard is green, I’m going long. I’m only going for a small 10pip move, so I’m not looking at the internal details of the dashboard. I just want to see the dashboard being in confluence in one direction. BUT I am testing and using the dashboard details to hold for larger TP’s

I keep it very simple and mindless since I just want 10pips

If I go for larger TP’s, then yes, I’ll factor in key levels, dashboard internals, etc

[echo kiln]

Most times, for me at least, the more indicators, internals I use to make a decision, the more delayed my entries would be. For an extreme example, we all know indicators lag to a certain degree as they tell us what price did in the past, so we are reacting to past movements. So the more indicators we add to the chart, the more these entries get smoothed out, and delayed. Sometimes, there would be no confluence trigger to enter, meanwhile you just watched price hit your intended TP and more....

Example, can you make a sound entry decision with no hesitation, with a chart that has 10 upper indicators and 10 bottom panel oscillators? versus 2-3 upper trend indicators, and 1 or 2 oscillators?

I have a mindless strat that I posted in the past. It just the Lux candle coloring simple. Thats it. 1H and 15m TF. - When 1H bar closes red, enter 15m when bar closes red, and ride this move to your TP (10 pips for me) and close out when 15m bar flips green.

Simple, mindless, and no hesitation during live trading. Simple rule.

Now, I can use and add another rule, for the above set-up, add the trend catcher. When 1H closes red, and 1H catcher is red, enter 15m when bar and catcher closes red, then close trade when catcher flips.

TADA, thats it, that is my strat. I know it's not fancy or cool looking, but Im not here to impress others, i just want 10 pips so i can go home at the end of the day safely 😹

[sturdy karma]

👍

That's very objective and no second guessing thanks Micky

[fathom stump]

Thanks Micky!

[echo kiln]

I agree with this, for part of my trading style. I too, do not use a set formula R/R SL. I do have a SL sitting far away for emergency (in case if my computer or power goes down). I trade direct on my TV chart since I use integrated broker Oanda. And during the trade I have my mouse ready to move and drop my SL on my chart to close out or protect my trade when in the money.

[rough pawn]

@echo kiln (Lux Pro) Is this alert will work ?

[grizzled dagger]

Thanks Micky for showing and comparing styles, and settings. Going firm for 10 pips is a kind of grid trading. I prefer to just trust Lux signals and the print on the tape (TCatcher, CHoCH, BOS, etc..) giving more pips per trade in quite some cases. I am adapting my style permanently to get better results or more closed trades per day. YES, I do have non closed trades above and below the current trading range, but that doesn´t bother me at all. I just wait till the price is leaving the range, and close the trades may be one month later. Over time I plan to increase my lot size when feeling to be trading consistently enough to do so. btw. I only trade EURUSD cash.

Furthermore, I thank all contributers here sharing their views, strategies, and styles. Great community, I got a lot of suggestions helping me to get better.

[echo kiln]

Yeah, Its good here, I look and take some pieces of other traders strats, and see if I can improve on what I have...

[echo kiln]

Im not much of an alert user, as I like to be at my charts trading and analyzing. But from your screen shot, it tells me that the rule you paced with the indicator, it will alert only one time when the condition is met, at bar closing

@flat umbra Maybe can help here

[rough pawn]

At the moment on the chart will appear the "ICT concept" alert +OB or -OB, then I want get this alert for several charts instruments

[echo kiln]

Send this to the #🤝support channel and @flat umbra should be able to guide you.....

[flat umbra]

Send me a DM and I’ll help you out 🙂

[rough pawn]

I sent.

[cosmic mica]

Hey yall what's everyone thinking for eu usd at open? 15min tf and lower thinking we have a little more dropping to go.... open to suggestions still open from small pullback late Friday.
Thanks yall

[echo kiln]

So you held over the weekend? Dang

It’s tough to say because long term, EU is rising as the market sentiment is trying to price in a soft landing or no recession. Crazy huh. Which means the USD goes down, which means EU goes up

Daily

[cosmic mica]

Took late entry on a short in profit right now. Last Sunday tried to enter and couldn't because spreads terrible so entered short at that peak. Debating closing on market open take my profits and reevaluate.

Profitable yes but still very much learning im always open to yalls thoughts inputs.

Took late entry Friday on drop* expecting terrible spreads at open today again

I'm playing with fire I get it haha

This community helps so much. This journey very much feels lonely at times. So grateful for lux.

Looked like momentum slowing down

I'm thinking Tp and revaluate
Ugh maybe coffee workout then check again lol

Not looking to be rich off the trade just quick pips I guess not quick if I held thru weekend 🤣

Okay looking again we on our way back up on 5 mins blowing thru the support zones I drew up. Taking my winnings will look for re enter. Don't feel right taking any longs thou. Meannnn drop coming on longer time frame in my opinion

That divergence is NASTYYYY

[cursive cargo]

my usdchf trade almost hit my tp

[zenith karma]

It's going back up

[zenith karma]

I had buy limit set and it hit my buy limit before closing.

I had got in on short at the top and close it out on the pull back because I been following it since last Monday.

Based on Market structure "it" should go up to 1.0315 or something like that to the supply zone.

[stuck axle]

Guys

Will Gbpjpy drop?

[fringe copper]

i got hit by EJ

Jpy is a piece of crap currency

[echo kiln]

👋

[zenith karma]

I need check my trade I held over the weekend for EURUSD for a long

[haughty kelp]

How was it?

[blissful leaf]

if the market doesnt wake up and chills with the spreads i'm taking day off tomoz

[zenith karma]

Moving slow but went up and came back down... like ranging

[wind forum]

Brand new to forex from crypto. Is there an area where I can see level two order volume (order books)?

And are there certain pairs that are more volatile? Thanks.

[echo kiln]

Hey there, and welcome. Level 2 is actually from the broker data side into TV DOM panel. So its broker dependent, not LuxAlgo https://www.tradingview.com/support/solutions/43000480004-how-do-i-get-level-2-data/

[echo kiln]

You may also wanna try these, remember, these indicators are also dependent on volume tick data from broker:https://www.tradingview.com/script/cdU6E9rm-Volume-Footprint-LuxAlgo/

[echo kiln]

All FX pairs are volatile to a certain degree, some are trendy more than others, and other factors play a role into a pairs ebb & flow as well.

[wind forum]

Thank you!

[echo kiln]

Here's some more info:https://www.tradingview.com/blog/en/depth-of-market-available-for-tradestation-15906/?fbclid=IwAR1fF2Q2Nch_u1uqaIw7iDdvI8dBfC0anIh56nx2FTugmNUzPMcQj356CGg

[wind forum]

This is what I was looking for thank you 👍

[chrome vapor]

Hi, what is the best way to detect and avoid false pattern breakouts on PAC indicator?

[echo kiln]

This may help:https://youtu.be/rEJFyUoiNO0

I love using multi TF's myself. I wont leave home without it

[chrome vapor]

@echo kiln What I mean exactly is that, for example, a double top pattern was detected here but the price continued bullish when it should have been bearish.

[echo kiln]

What the multi TF technique and the video is to try to be aware of a higher TF so that you can manage your trade on a lower TF for entry

[blissful leaf]

double tops doesn't meant that price will go down 100%. not every best setup is gonna succeed

did it close below the lows? no it didn't, it created a new HH which invalidates the double top

close below, retest then take the trade

[echo kiln]

Example, for your 4H chart, what does the daily chart say?

[blissful leaf]

in the same screenshot you also see a double bottom, did it close below the highs? it did

[echo kiln]

Good catch....

[blissful leaf]

night, gonna see how the markets move in the morning

[chrome vapor]

Yes, I'm seeing it now. I hadn't noticed 👍🏻

[echo kiln]

Also, just with this single snapshot, for what I can see, it tested that OB and couldn't break through, so there's no confluence for taking a short trade with the double top pattern. Maybe if the OB was mitigated to the downside, then maybe yes take the short. Also the dashboard, the 4H and Daily structure was hinting bullish structure 🤔

[chrome vapor]

True! 👆🏻 thanks @echo kiln and @blissful leaf for the support!

[echo kiln]

Hey no worries.....the more you stare at the charts, the better you will see hints staring back at you

[quartz trout]

Alguien habla español here?

[echo kiln]

Is this the real Donal J Trump? 🤔

[quartz trout]

[haughty kelp]

El primer chat en español que veo en meses 🤣

[quartz trout]

Ajaj que bien matiec podemos hablar entre nos

[haughty kelp]

🤣

[haughty kelp]

Si, lo que necesites bro

[quartz trout]

te envie un dm para no spamear aca

[fringe copper]

any available rooms for rent now in Trump Tower?

[quartz trout]

obviusly for lux algo traders

[fringe copper]

thats me then

haha

[haughty kelp]

hahaha

[hasty harbor]

anyone trading today?

[blissful leaf]

if it's money to be made im in

[hasty harbor]

What are you looking at?

https://www.tradingview.com/x/QKHoYH8i/
for me this didnt come to entry, other wise it was 1:9 trade

[slate hedge]

morning every one

any thoghts on gold or silver ?

[hasty harbor]

good you caught

[rough pawn]

Gold is moving nice, maybe is going to breakout the 1H trend line

[slate hedge]

nice

[rough pawn]

AUDNZD .... interesting to Short (when will arrive OB + Choch)

[median cedar]

Why can’t we get a “left ob” alert. The intro is clutch. But not as much as the exit imo

[slate hedge]

it should shoot down ....

[rough pawn]

EURCAD

USDJPY

[slate hedge]

it going

[rough pawn]

BTCUSD I am not trading that but the 15m trend line looks nice...

[rough pawn]

EURUSD wakeuped

[rough pawn]

Gold - Flyed up

[echo kiln]

Morning 👋 News in a few hours, keep track of the dollar (hint)

https://www.tradingview.com/symbols/TVC-DXY/technicals/

[rough pawn]

COPPER

[cursive cargo]

ny might push usd chf up cus switzerland announced some bad stuff

[rough pawn]

SILVER ... was here some guy.. he was waiting for the Silver's moovment...

[slate hedge]

i lost it

F know it .....

[rough pawn]

EURUSD in the money...

[slate hedge]

4 days ago i think

[echo kiln]

Nice job, Love EU

[echo kiln]

this is interesting 🤔

[rough pawn]

Your chart is mess, open a new clean chart and wait for the OrderBlock and price reject, then wait for the CHOCH ... and only then action to entry..

[slate hedge]

i know it ... but i didnt know when it will happen exactly

[cursive cargo]

my chart looks like this

[rough pawn]

You should create Alerts that they are remind you that something is going to happen...

[slate hedge]

how ?

can i add you as friend and teach me things since im new here. please

[rough pawn]

https://discord.com/channels/641770286638694402/702685056736559124

[slate hedge]

k

[hasty harbor]

https://www.tradingview.com/x/FG8ZGpGY/
EU is fine

[echo kiln]

It’s actually ♨️

UJ at highs

Looks like a few here have booked some profits. News release time

[rough pawn]

GBPUSD

19 min for news

[echo kiln]

dont forget the release in 2 minutes

[hasty harbor]

I am out of the trade

[blissful leaf]

all eyes on dxy

[echo kiln]

News pumping it 🤔

Lets fade some pairs

[grizzled dagger]

do we go lower , or higher?? First Inducement on the downside, then a trend to the upside?

[blissful leaf]

i want xau to target this morning lows

[grizzled dagger]

Doesn´t want to go lower. Next green signal I would trade to the upside.

[hasty harbor]

whats this?

[grizzled dagger]

1m HA candles .... w/ Signals short term

[hasty harbor]

I mean gold, oil, currency?

[grizzled dagger]

I only trade EURUSD cash

[rough pawn]

Sometimes in 5 min chart the SHOCH are not appeared, then I am using for "Gold" Entry with 3 min chart.

[echo kiln]

Here's my 5m gold, choch shows on my chart

[solar python]

too late i think

touching lower reversal zone

[echo kiln]

EU vs DXY correlation

Another good Lux tool

Graphical visual of USD/DXY correlation

Currency Strength [LuxAlgo]

[echo kiln]

so quiet here today 🤷🏻‍♂️ holiday somewhere?

[blissful leaf]

picked up a short on xau but london is over so i might look to get out at breakeven

[echo kiln]

BE sounds better than being in a hole

[blissful leaf]

still dreaming of this morning's low

out now, tiny profit. think i did 1% today so target hit after a sad start

[echo kiln]

nice 👊

[dreamy narwhal]

Bank holiday in UK and quite a few places in Europe

[echo kiln]

OHHHH ok, makes sense

[echo kiln]

Safe and sound for everyone here?

[wind forum]

I'm using a demo account on oanda and just trying to understand pips a bit more. When adding in my limit and stop loss orders the RR should be around 2:1 for this trade, but the preview shows around a 1:1 RR. Is this because of the spreads and fees? Thanks

[blissful leaf]

safe and sound

[quartz trout]

maye spread

[quartz trout]

eu vs aud in diferents values.... is a divergence betwen pairs?

[echo kiln]

I use this for the EURUSD correlation with the USD DXY Index. So if DXY goes up, EURUSD will typically go down since USD is the back pair of EURUSD

[quartz trout]

yes i understand that

[echo kiln]

Research the correlation between pairs and you can make these more visible on the indicator to stand out like I did

[quartz trout]

but I saw a separation of values ​​with the aud, that is why it is useful to see a pair that is decoupled from the dxy or the euro

[echo kiln]

Yes you can use it like that as well

[quartz trout]

I would like to see an indicator like this but between the 3 indices us30 nas100 and us500

[echo kiln]

That would be cool

[quartz trout]

Today I opened a long on Nasdaq because I was the only one late. Us30 and us500 flying and the nasdaq piling up

[echo kiln]

It doesn’t look like you drew the SL/TP at the correct price levels?

2:1 is too far off from 1:1 to to have it a spread issue. Must be where you have the TP/SL drawing tool placed. Try redrawing it at the correct levels?

[wind forum]

The order is showing that I'd lose more from my stop loss than what I'd gain from my tp even though it's a 2.3:1 ratio. Unless I'm missing something?

[quartz trout]

the spread bro

[wind forum]

I haven't been in the trade long and the spread has gone from 1.5-4. So do spreads always fluctuate like that? I'm coming over from crypto and spreads weren't really an issue.

[quartz trout]

forex is another world lol

the first step is understand the pip value

Euro dolar = 1 lot = 1 pip = 10 dls

[fresh sparrow]

That gold sell off though

[echo kiln]

spreads can range from 0-1 pip during high volume sessions like London/NY to over 10-20 pips during low volume sessions (also depends on broker and pairs).

[echo kiln]

Where you've been? bank holiday for you, right?

[heavy tendon]

Hey everyone I'm new here. I thought I would say hi

[echo kiln]

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

[midnight ledge]

Hi Guys. This is Japanese trader. I'm still noob. What currency and timeframe and setting is best?

[dark dagger]

Hey everyone, I'm the new member here

[echo kiln]

https://tenor.com/view/welcome-gif-23701526

[echo kiln]

https://tenor.com/view/welcome-to-the-team-gif-22346704

[echo kiln]

Most suggest 15m timeframe and above...anything lower than 15m works as well, but you really have to be on your game 🤔

[midnight ledge]

Thank you very much. I found lot of 15m's chart on this thread.

[rough pawn]

AUDJPY

[hasty harbor]

https://www.tradingview.com/x/ZVzxmAJj/
This pizza is cooking well.

[rough pawn]

OIL started go down

[hasty harbor]

yeah, ill look for this
https://www.tradingview.com/x/Eyx5aseu/

[icy wraith]

Hello guys
What's the best setting for Luxalgo signals?

[real oar]

I like the "currency relative strength" indicator you got on!!

[hasty harbor]

@fresh sparrow you there?

[fresh sparrow]

yessir

Bank Holiday yesterday in UK

went to see Arsenal platy

[fresh sparrow]

Nice entry here

Entered at this

[fresh sparrow]

should've taken 1:1

lol

flipped on me

small loss

[rough pawn]

EURUSD

USDCHF

GBPJPY

USDJPY looks interesting ...

GOLD

[hasty harbor]

UJ already in the 1Hr supply, need to wait if it respects or vilates the supply

[hasty harbor]

on a good bullish support, 1m reversal would be good

[slate hedge]

morning all

[echo kiln]

Great stuff !

[echo kiln]

Dollar Index - looks indecisive a bit today 🤷🏻‍♂️

[blissful leaf]

he's waiting for the news

[echo kiln]

Fed tomorrow

[blissful leaf]

can the market move already?

[echo kiln]

EU, i'm out, got my 10p on the slow grind

[blissful leaf]

overslept so i missed a good few trades. only done 0.5% today

[echo kiln]

.5% is great, can you imagine .5% everyday compounding?

[blissful leaf]

i've been compounding 1% for the past 3 weeks

[echo kiln]

[blissful leaf]

why don't you trail you stop at 10pipS?

[echo kiln]

done that, did that in my past life

What I have for myself is not broken, so Im not going to tinker with it 🤔

I've learned to check my greed. most times, price will retrace more than 10 pips, but still going in the overall trend bias. So I will just take 10 pips on these continuation legs....

[blissful leaf]

i mean, compounding 10 pips daily gets you very far

also curious when i'm gonna evolve from lvl 1 to lvl2 etc

my inner pokemon is still waiting

[echo kiln]

OH no doubt, instead of me targeting more pips, which the odds greatly decrease the bigger the TP's are, we will add more lots

[echo kiln]

gotta catch 'em all

https://tenor.com/view/pokemon-ash-pokeball-gif-21700553

[fresh sparrow]

using DXY for correlation on Gold

is not working today

Sell signal on both DXY and GOLD

😮‍💨

[prime surge]

What are you guys have eye on? Which pair?❓

[blissful leaf]

xau

[sick crow]

No movement in gold today... Keeping an eye

[blissful leaf]

dxy is on the rise

however news in 30 minutes

[fresh sparrow]

I can see that DXY is on the rise....

I just said correlation is weird, there's a sell signal on both DXY and Gold.

[blissful leaf]

which TF on dxy?

all stars aligned for xau long BUT news in 25 so i'll stay away

[rough pawn]

USDCAD

[echo kiln]

Doesnt work bar by bar all the time, but it sure worked since closed yesterday. Looks good to me

[fresh sparrow]

okay

thanks @echo kiln

[echo kiln]

When we mean correlation, we mean bias and trend. Not buy/sell signals....

Be careful, fed tomorrow

take small TP's or shut it down today. better safe than sorry

EUR/USD vs. DXY

[rough pawn]

News soon

[blissful leaf]

bigger impact than yesterday's news pls

ty

[echo kiln]

dont you worry, you want a bigger impact, buckle up for tomorrow

[blissful leaf]

need to survive today's tide first

[rough pawn]

OIL

[blissful leaf]

everyone alive?

[rough pawn]

GOLD sombody took this trade ?

[echo kiln]

YUP!!!!

[blissful leaf]

took a small one but closed early as dxy is consolidating rather than just dropping. wasn't expecting to close above 2000

[fresh sparrow]

couldn't read gold today

need to go back to the drawing board

[blissful leaf]

resistance up ahead

[fresh sparrow]

If I followed what I usually do, would've just been fine

[rough pawn]

EURCAD ... My last trade for today ... I want close him soon

[echo kiln]

#💬hangout message

[rough pawn]

USDJPY

[solar python]

what did i do wrong? i had every confirmation i could get; Choch, price break above equilibrium, oscillator green, neo cloud green, trend catcher green, trend tracer green, buy signal... and btw, it's DEMO so no real money were lost

[blissful leaf]

SL too tight

[solar python]

i calculated it using atr which i usually do. I calculate it by using 14 lenght atr and multiply it by 1,5

where would you put sl in that case

[hasty harbor]

news, trading news is risky

[icy wraith]

yup

[echo kiln]

YUP!!!! This last news pump was HARSH.....

[solar python]

if we were to avoid the news the whole day when there is a event, no one would be trading 🤣

[hasty harbor]

its still risky if you dont know how to manage news events. NY news are crazy most of the time. it affects currency, gold, oil, even non usd pairs

[solar python]

it's really depressing

[icy wraith]

Avoid trading news, it's simple :

[solar python]

wdym, nowadays there are everyday news

[echo kiln]

wait till after news or trade other sessions

[icy wraith]

Let me rephrase, avoid high importance news.

[echo kiln]

Several of us gave everyone some hint and warning about news today and fed meeting tomorrow

[solar python]

how long should you wait? that was 1hr after news

[echo kiln]

THIS is solely up to you and how you trade. sometimes, I trade at news release to grab my 10 pips. Some traders wait 30-60minutes after news

[blissful leaf]

if you're trading on 5 minutes change your sensitivity to short term

up 0.84% hopefully i can get the .16% more to get the target

[echo kiln]

you already met your target, you are "+" now, better than a "-"

Gold 1H, before news, it already told us, at these levels, it would range until it broke out

[blissful leaf]

yeah but 1% looks better

[echo kiln]

These levels were pre-existing before this morning

Peak Activity Levels [LuxAlgo]

[echo kiln]

https://tenor.com/view/excited-gif-26136233

[echo kiln]

5m told us same story, for those who trade 5m

[blissful leaf]

london is over soon, dota time

[echo kiln]

YUP, the day is done man!

[blissful leaf]

mega overbought xau atm

[echo kiln]

VIX well below 30 level 🤔

no clue what this could mean? 😹

[dreamy narwhal]

Couple of things: on a higher timeframe such as 15 minutes, it looks bearish. Granted, it may be that you are catching the reversal from sell to buy, but I would wait for a retrace and a higher low before taking the trade.

I don't recommend trying to catch impulse moves. Better to wait for a slow down and refine your entry on a lower timeframe.

[solar python]

yeah actually now when you say this, 1hr still was bearish

but it turned back, i quess @blissful leaf were right, too tight sl

[ashen flower]

On the backtester for a forex pair like AUDUSD how do I set a take profit on 7 pips and stop loss of 20 pips. Also how would it be set for a 2 digit pair like USDJPY USOIL or US30??? @echo kiln (I just don't where to ask this question)

[dreamy narwhal]

I answered your question at the lifetime forum, please check.

[ashen flower]

thanks I just saw it.. I am going to try it now as well...

[heavy tendon]

I'm wondering what broker is best for a beginner like me? I'm on IG but I can't trade much do to margin. Is there better options?

[echo kiln]

This can be subjective, depends on where you live, for use of regulated or non regulated brokers in your location, and whether you like to trade with MT4/5 while viewing TV or trade with an integrated broker so you can trade direct on TV charts, also spreads, etc.....

[echo kiln]

Just another template idea

[golden quiver]

a continuation of the rise after liquidity is possible and it can reach the $2040 zone

[worn hatch]

These days market tells you in advance as to where the trend would be moving .. for example Asian Session is been much better than UK session while UK session has been bored while making us bored too ... US session does the job of UK session had to do

[solar python]

i can agree you with that asian session is "better", i just feel like market behaves more calmly, while us and uk session market moving restlessly... I wish i could trade Asian session regularly but can't because it's nightime here then.

[worn hatch]

Sleep early and wake up early ... trade just 2 hour during Asian Session that would cover up your profits what you make in UK session or maybe your daily target could be achieved in Asian Session alone ...

@echo kiln motto : Higher Lot size + 10-20 Pips = Higher profits

[rough pawn]

OIL

2 strategies for GOLD, maybe will help to someone here..

One more

[plain granite]

Thank you for sharing Sir 👍🏻

[proper shore]

Thanks, gonna see if I can take anything from them.

[worn hatch]

https://discordapp.com/channels/641770286638694402/820503524210507786/1073916409131827220

you could use the link above with both PDF from JAV

@proper shore @plain granite

[proper shore]

Thanks again

i started drawing squares around the order blocks from higher timeframes before i look for trades on the 15m charts

[dreamy narwhal]

You could always set the higher time frame OB on your 15 minute chart or use swing OBs

Instead of drawing them manually

[proper shore]

I use the ones on the 15m chart as well. I guess another option would to add another indicator just for the higher timeframe Order Blocks?

I trade on the 15m monitor on the 5m and I was checking the bigger scale of things on the 1h, 4h, and 1D

[dreamy narwhal]

You could add PAC twice

[blissful leaf]

slow start today, might just wait for the news now. you got your 10 pips @echo kiln ?

[proper shore]

Yea, I just went that route. I lightened the opacity of each for when they layer on eachother.

[echo kiln]

Yup, 10 pips happen every day, every hour…..40 pips or higher, not so much 🤔

Fishing in a fish barrel

[blissful leaf]

you change your layouts more often than you change your underwear fs

did a small .25% on UJ just now. was in vet all morning with the cat

[worn hatch]

He is Premium on TV while having unlimited charts and indicators

[rough pawn]

What the name of this indicator ?

[proper shore]

good call on the multiple PACs (Running 6 Now lol) now i dont really have to leave the 15m chart

[iron temple]

AUD/USD - Sentiment

Made with ❤️ by LuxAlgo · May 4, 2023, 4:07 AM

[echo kiln]

As I promised to post many examples with Lux and promises kept

[echo kiln]

Legacy Oscillator Normalized

[analog locust]

News in 12mins , ladies and gentlemen. Take caution guys.

[echo kiln]

Yes I get bored easily. Nice to change background colors, show several different Lux indicators, mix and match. They all tell the same story

[blissful leaf]

was about to mention that just now

[slate hedge]

morning everyone

[proper shore]

Morning Bo

[proper shore]

Gonna check it out

[echo kiln]

[slate hedge]

looks like everybody is wating ....

[flint shore]

Good luck everyone who’s trading news 🤜💥🤛

[blissful leaf]

jesus that xau xpike

[fresh sparrow]

I was in a short from yesterday on GOLD

after the spike

I just held it from yesterday

.55 cents off the TP

[blissful leaf]

it'll come back

[fresh sparrow]

yeahh

There's an imbalance

Think we'll go to about 2005

I wasn't even paying attention though, I've kinda been taking some time off right now

[grand spindle]

DEMO ACCOUNT (((:

[slate hedge]

try real ... see what happen loooool

[grand spindle]

xD

[upper pilot]

I prefer to stay out of gold... It seems pretty risky

although it has a potential to go down and make some good profits, I dont like its volatility among the last candles

[fresh sparrow]

fair enough, I only trade GOLD however, I've been thinking to move to EURUSD/GBPUSD

[fresh sparrow]

I always make my demo as close to the money I have

[slate hedge]

if the news says that he didn't raise the interest rate... what will happen ?

[echo kiln]

anything can happen

I wish it was that easy

Trade management

[blissful leaf]

ffs dxy just move up already

[echo kiln]

https://www.tradingview.com/chart/DXY/1TY7xb3x-Calm-before-the-storm/

It wants to come back down......

[fresh sparrow]

glad I took partials and profits cos it's gone near my entry

[blissful leaf]

ideally i'm out the market in 30 mins max so i can stay away from the news

[rough pawn]

What this indicators name? Thanks!

[echo kiln]

Legacy Oscillator, normalized

Mix and match, find something visually to make a decision quickly

[blissful leaf]

-1 on gold, will look to recover that later on today so it doesn't break my positive days streak.

[echo kiln]

Your + this week so far good enough for a governments pay

[fresh sparrow]

well this was wrong, good thing I took profit.

let's see if we can break the PDH

[hasty harbor]

gold is still high on the substance it smoked yesterday. never a good idea to short gold now

[fresh sparrow]

💯

look at the FVG though hahaha

almost $20

[blissful leaf]

that might get filled tonight

[echo kiln]

🦗

[proper shore]

15m Chart stopped me from taking a trade off of this BOS. Waiting to see if another forms if it gets mitigated

[ionic dragon]

@rough pawn why can i no longer access the Lux Algo Legacy Oscillator?

[echo kiln]

did you refresh TV, favorite, then add from invites?

[proper shore]

Do you think they'll eventually add ChoChs and BOSs to the backtesting system?

[slate hedge]

any thing ?

[echo kiln]

I think they are considering it down the road maybe

[hasty harbor]

anyone on GU long?

[echo kiln]

I’m still waiting on my 10

[solar python]

usd had good news, why long

[hasty harbor]

i am in a pretty deep long already
https://www.tradingview.com/x/9dMGTaQV/

[echo kiln]

This one took time to bake. Got mine. Done ☑️

[ionic dragon]

what exactly is that chart showing?

[slate hedge]

candles

[echo kiln]

Showing that I get to have my lunch and dinner paid for today and I get to go shopping a little

[echo kiln]

LuxAlgo Signals and Overlay

[hasty harbor]

https://www.tradingview.com/x/K4qqnauW/
well!

[echo kiln]

nice job....

DXY chart is sure pretty

[ionic dragon]

why can i not see that one on trading view?

[blissful leaf]

xau played me well today. off the charts, back tomorrow to recover

[echo kiln]

Nice work 🤌

[echo kiln]

details? what cant you see?

[blissful leaf]

not nice, i mentioned "recover" 😂

[ionic dragon]

DXY, and what are those indicators you are using?

[echo kiln]

#💱forex-chat message

#💱forex-chat message

[ionic dragon]

okay, thank you 🙏 also quick question, i know what changing the length for indicators does, but how do i know when i should be using different lengths?

[echo kiln]

When you first add it to your chart with the asset ticker you would like to see, then you try to adjust these settings to your visual liking. Then when you are satisfied, you shouldn't have to adjust settings any longer, as you will learn to ready the chart on the template with your settings.

#🧠core-lessons

[echo kiln]

Nice, you long here? bare chart?

[slate hedge]

going to

[ionic dragon]

oh tbf thats actually a good spot

[echo kiln]

GU looks nice today (for once in a long time)

UJ

Go with the trend. If no trend, take a break, grab a drink, and sit

[ionic dragon]

did you enter a long there? @echo kiln

if you did can you explain why if not can you also explain why :p

[echo kiln]

OK, look here, I marked the blue line where I scalped long. I have 1H and 15m TF charts. The 1H is most important to me, I watch the trend catcher, HA candle color. I enter on 15m when catcher flips to the same direction as 1H. Then I manage the trade on 15m for 10 pips. Thats it......I know HA does not provide exact entries, doesnt provide exact levels or OB's, but I am not concerned about these levels as I am only going for scalps. HA is a trend indicator in itself, so I pair this with Lux colors and trend catcher.

[proper shore]

Do you use a stop loss with that strategy?

[solar python]

didn't the lux say to not follow these indicators blindly?

i remember guide of this strategy saying that the trades should be confirmed with other tools like s&r etc.

[ionic dragon]

what is HA?

and why do you enter the trade when the catcher flips in the same direction as the 1h chart? is this because they are now going to go have momentum in the same direction?

[echo kiln]

nope

[ionic dragon]

you dont really need stop loss with scalping do you? its more for long term trades?

[echo kiln]

Lux advises not to follow the "signals" blindly

thats why i dont use signals

[echo kiln]

heikin ashi candlesticks

[solar python]

isn't the signals indicator itself? lol

[slate hedge]

i think im active here loooool

[echo kiln]

nope

everyone uses the Lux tools to their strategy...so create your own rules and stick to them

[ionic dragon]

what is HA candle color?

[solar python]

you went long here?

[echo kiln]

HA is a form of candle stick, then I use LuxAlgo colors

[ionic dragon]

okay thank you

[proper shore]

I see your on Oanda. how are you managing your position size?

@echo kiln

[echo kiln]

I use Oanda because I love to trade directly on my charts, so I can physically move my emergency SL and drop it to close out quickly if I need to, on the TV chart. There is no way I could manage my trade precisely with the TV indicators, if I had to trade on MT4/5 and then watch TV charts. For those that do, props to you, as I know thats challenging. As far as position size? eh, I dont really follow those types of rules, I dont use a R/R calculator, or position size based on my acct, If I cant manage my own money on my own, then I dont need to be trading really, its just me. Price will do what it wants, I just go with the trend. price may retrace 15-20 pips against me, dont care, as long as its still with the trend, more often than not, my 10pips target will be hit.

I dont sweat the fancy stuff...I just want 10 pips

[ionic dragon]

there is an ascending triangle on the euro/usd char 4h not sure if worth, ive switched over to a demo account for now as i need to practice more!

[slate hedge]

yup, but you should stoploss @icy wraith% if you would

[proper shore]

That's why I chose oanda. so i can manage everything from TV.

[echo kiln]

Nope, I have my own way of trading and try to tune out the noise. There are many many ways to manage and trade, I just found my own way..

[echo kiln]

Its the BEST, right? 👊

also, be careful of HA bars. If you enter and follow them from beginning to end, you will experience large pullbacks, and depending on your targets, you may or may not get stopped out after seeing your entry go deep in the + money. Thats why I like to take the higher odds of small scalps......

HA really smoothes out the noise, but in simple terms, it will LAG on entries and exits

[ionic dragon]

what is the indicator called (the HA one)

@echo kiln are you more of a swing trader or a scalper?

[echo kiln]

It's a candle type on your TradingView

[echo kiln]

I like and love to scalp

[ionic dragon]

oh are you talking about heikin ashi?

nvm i use them too xd

[echo kiln]

Hey, are you reading my responses to your questions above? LOLLLL#💱forex-chat message

https://tenor.com/view/scroll-up-hate-discord-server-gif-25654733

https://tenor.com/view/agoney-scroll-down-gesticular-caras-pasar-paginas-gif-18748874

(joking)

hope this helps

[ionic dragon]

i am xd i want to learn as much as possible!

you've been very helpful thank you

[echo kiln]

your welcome....stick with us here in Lux, you cant go wrong

Today was all simple "Lux Signals and Overlays" template. Wait till we get into the "Lux Price Action Concepts" template

[ionic dragon]

do you use pa templates for more longterm swingtrades?

or what would be the main reason behind using pa templates?

[echo kiln]

I scalp, and done for the day, I rarely hold overnight

[echo kiln]

OH you mean the PAC, you can scalp or swing with PAC

PAC requires patience for price to reach, test and retrace, and retest levels

Thats another ballgame...

[ionic dragon]

yes yes thank you, i think im going to get off with my -500 loss today 😦 but hey at least i'm learning things... xd

[ionic dragon]

i think i'm going to try swingtrading, more longterm, hold for a coupe of days / weeks, just switching it up, i find my emotions get in the way of my scalptrading like when i should exit im always thinking it could go higher, cause i got introduced to trading / investing through defi crypto i make like 20k from £200 xdd so every time im in a trade i think it could "moon" xD

like with gold today i shoulda taken my profit instead i waited and got liquidated :/

but im learning so its all i care about and i have the freedom to loose trades and money and not get too upset about it

[sterile orbit]

I lost too much today

I guess I still don't know how to use the indicator

Loss was massive

[echo kiln]

Here is my trade on PAC template. This is just purely back testing the trade on PAC, I did not use PAC to enter. BUT overlaying PAC on my trade, we can see how PAC worked out. On 15m, I have 1H OB's and FVG's. After entry, price formed 1H ob, and price never broken below this OB level on the 15m, 1H and 15m structure held to the upside. 1H trendline held to the upside. Price never broke below the 15m ASC BW pattern. 10 pip scalp at the 1H OB above. All through this time, price never broke below PDH

Lots of thinking with PAC 🤌

In other words, I love my simple Lux Signals/Overlay scalp template 😹

[echo kiln]

Liquidated? Trade with smaller lots..

[blissful leaf]

excited for the rates

[echo kiln]

Let’s scalp this sucker?!!!

[blissful leaf]

not allowed to trade anymore today

i put a stop on it and i'm just watching the market

[echo kiln]

spreads are crazy now

here we go

GOT IT!

I had my TP at 20, but screw it, closed it at 11

ok now im done today

77 second trade 🤣

[hasty harbor]

still a long way
https://www.tradingview.com/x/2H6UIiul/

[echo kiln]

DANG, u still holding...good for you, nice

[hasty harbor]

red line was mt target but moved 30 pips ahead

[blissful leaf]

great job

[errant mason]

Damn it why this man had to talk now. Powell

[solar python]

u still long?

[golden quiver]

I advised

[cunning thunder]

GBPJPY

[solar python]

didn't quite reach my profit target today but damn, this feels so good

[blissful leaf]

love it

[solar python]

how did you get so clean candles🥹 black borders?

[left flax]

Im looking at cable 1.28...1.29 in the next two weeks ....... USD is really taking a pounding

Powell cannot raise rates ... otherwise more bank failures

[solar python]

Powell is full of bs

[left flax]

Higher rates .... lower yields

lower yields ..lower mark to market prices

my bad

lower prices ... MARGIN CALLS

Ive never seen the outlook for the USD so bad .. and road to recovery unmapped

where the F.. to go from here ??? what no sign of recovery more rate hikes

[solar python]

Yeah, and it's pretty much about fundamentally as well, eurozone is booming

[left flax]

5.5 ..6 thats insane

[solar python]

in the u.s, businesses going bankrupt

[left flax]

If you are holding 1 tril of 2's / 10's you are sooooo f....

sell the 2's for 10's ...but that causeshuge loss

[solar python]

i don't get it 😂

[left flax]

bonds

[solar python]

what's tril?

[left flax]

trillion USD

[solar python]

aha yeaah i get it now😄

[left flax]

US has 34 trillion in notes

mix 2...5 ..10 ..30

[solar python]

what's the supply? i need to read more about it

[left flax]

They have been issuing long dated to pay for short ...

that doesnt work anymore

any new sales priced at 5.25 WITH !!! 6..7% inflation ...

do the maths ...ITS crazy

[echo kiln]

How you like this now?

[spring fulcrum]

What’s everyone’s thoughts on XAUUSD for reminder of the week? ATH $2070 or retrace to $1970?

[echo kiln]

example of bearish sentiment with this circle thingy

[echo kiln]

Should scream higher, but when? 🤷🏻‍♂️

[blissful leaf]

jesus the opening of gold

[woven ridge]

hello, I am new here. Can someone tell me where I can find tutorial for swings?

[midnight pivot]

What the fuck is that @echo kiln

😂😂

[echo kiln]

https://www.tradingview.com/script/JzrxU03D-Circular-Barplot-Oscillators-Sentiment-LuxAlgo/

[tired terrace]

https://tenor.com/view/good-morning-gif-25241722

[rough pawn]

USDJPY I got a CHOCH signal, but still waiting for confirmation...but at the moment not relevant!

[hasty harbor]

look at 4H

[rough pawn]

I know that have a strong down trend on 4H, but I am a day trader.. my charts are 1H, 15m, 5m !

[hasty harbor]

I am expecting UJ to enter the 4h demand,

[rough pawn]

OIL

[solar python]

let's see if we reject or break 🙄

[rough pawn]

GOLD

[solar python]

DAX 🤯

[cunning thunder]

Euro

[cunning thunder]

Now longing 😄

[rough pawn]

EURUSD

[cunning thunder]

Dxy

dxy bullish but I believe good buy levels for EURUSD and EURJPY

[pine bane]

Any setup suggestion for forex?🙏🏻

5 mins chart

[hasty harbor]

what strategy you follow?

[proper shore]

Waited for BOS under previous day low

[pine bane]

I use price action concepts, but it’s not work, too many signals for me

[hasty harbor]

Indicator is not a strategy. need multiple confluence

[proper shore]

I had to turn a bunch of the stuff in PAC off. when i first started using it i turned everything on. Too much information

[pine bane]

Any example?🙏🏻

[hasty harbor]

PAC alone doesnt work. still need a strat around it.

like, go to higher TF 1hr/4hr, mark the orderblock. Wait for the price to come to the order block. go to 15m/5m time frame to catch the reversal. if you get coch with good momentum then set trade on the OB that coch left behind

[grand spindle]

guys can you tell me how i can list my trades

https://cdn.discordapp.com/attachments/699061885189882006/1102694067491573851/Screenshot_2023-05-01_at_21.32.00.png

like this

[cunning thunder]

You can use excel file

[ionic dragon]

sorry for a stupid question, im still learning.. does the green part on the OB mean buying volume, and the red selling (shorting)?

[cunning thunder]

@grand spindle

[grand spindle]

thank you (:

[hasty harbor]

Who is this guy?

[cunning thunder]

Me