#💱forex-chat

1 messages · Page 37 of 1

proper shore
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is that the candle coloring from PAC?

cunning thunder
#

Yes

rough pawn
cunning thunder
hasty harbor
#

your documentation skill are OP. But trading looks like youre taking random trades. Do you have any strat to follow ? RR of the trade have to be 1:1 at minimum. for me its 1:4 but yours is less than 1 in many cases

cunning thunder
hasty harbor
#

your trades not ending at 1:1

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if you risk 100 then either you win 100 or you loose 100

cunning thunder
#

I'm using trailing stop for some cases

#

when I see a strong trend I'm not taking tp on 1:1

hasty harbor
#

When its a strong trend then you should be getting much more, like 1:5

cunning thunder
#

No I'm just taking 1:1,5 or 1:2

hasty harbor
#

glad, stick to your system. good luck

cunning thunder
#

Thank you

hasty harbor
#

my strat gives 1:6 trades but overtrading fuckup my balance

cunning thunder
#

same, overtrading killing my account

hasty harbor
#

This is how I plan my trades

cunning thunder
#

too complicated for me 🙂

hasty harbor
#

you got the point, need toplan the trade

cunning thunder
#

I'm just using high timeframe fresh order blocks

#

its working fine for 1:1RR

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EURUSD

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EURJPY

pine bane
#

I want to find some simple signals

pine bane
solar python
#

not here to judge, but you lost 3,42% on the second trade? isn't that little bit too much 😅 at least for me

hasty harbor
#

go to youtube channel of lux, they shared ton of strats, choose anyone, backtest it. stick to it

cunning thunder
#

@solar python I accidentally opened a huge amount of position and slippage was too high

solar python
#

ahaa i see it sucks

cunning thunder
#

It turned profit but I closed instantly

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Because FTMO challenge daily loss limit 500$

solar python
#

true

cunning thunder
#

try/usd my first and biggest lost 😄

hasty harbor
solar python
cunning thunder
#

Because of overleverage and slippage

#

0.42 slippage

solar python
#

oh my those exotics man😅 been there, never again exotics

cunning thunder
#

usd/try long easier long but u need to be patient because spread too high

solar python
#

hate to see your analysis right and shit

#

yeah

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stop losses easily taken out

cunning thunder
#

after the elections in Turkey investors waiting 26 usd/try

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its now 19.48

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its a long term position hard to hold

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I thought I can long USD/TRY 1 month and can pass the challenge with 1 trade but it was my worst trade

ionic dragon
#

gold confirmed resistance as support plus a liquidity grab, long until 2044.. i hope i'm correct.........

ionic dragon
#

bosh i was correct! 😛

rough pawn
ionic dragon
#

yes, me too, have however exited at 2044

#

that was a nice little profit for today!

slate hedge
#

tracking

icy wraith
#

Good settings for Luxalgo?

echo kiln
#

Morning. Got my 10pips back in Asian session. This took way too long 😅

ionic dragon
#

is a pip a negative / positive candle stick?

#

@echo kiln i'm learning!!! today i've made 3 successful trades :p putting me at a rough breakeven from yesterday!

cunning thunder
rough pawn
#

8:15 News

echo kiln
ionic dragon
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okay thank you

civic ice
#

hello any ideas for usoil @cunning thunder

cunning thunder
civic ice
#

thank you

slate hedge
#

its gonna hit that and reject ?

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:/

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i think its going to do like yesterday

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Gold , retesting

ionic dragon
#

anyone trading gold? another entry imbound?

slate hedge
#

so quite ...

rough pawn
#

EURUSD

ionic dragon
#

for euusd im waiting for the breakout on 4H chart..

slate hedge
#

opinions on gold please

left flax
echo kiln
#

XAU vs DXY

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EUR/USD vs DXY

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USD/JPY vs DXY

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Either the USD is on the front or back side of a pair, you can watch for the DXY correlation

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☝🏼

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Got my 2nd set of 10 pips

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Thats 40 pips total on the screen shot on 4 trades, 10 pips each trade. I get to enjoy the rest of my day

echo kiln
#

If I take larger bites, I choke sometimes

hasty harbor
ionic dragon
#

very nice trade.

#

where are you taking profits / exiting?

hasty harbor
#

targeting last high

proper shore
#

Finally. One trade, target hit for the day.

hasty harbor
hasty harbor
slate hedge
#

gold broke the line

hasty harbor
proper shore
#

It was fighting with a 5min order block for a little

hasty harbor
#

gold is like, catch me if you can

proper shore
#

@hasty harbor i have the order block silhouettes from different time frames on the the one chart.

cunning thunder
hasty harbor
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I used to but not now

proper shore
midnight ledge
#

Hi I entry this on strong volume point. But. I got stoploss...What I mistake?

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USDJPY15m

proper shore
hasty harbor
midnight ledge
hasty harbor
#

price action

midnight ledge
hasty harbor
#

yes

midnight ledge
hasty harbor
#

identify trend on HTF and take confirmation on LTF if you trade price action concepts.

hasty harbor
#

you got to have your strategy & set of rules to follow

icy wraith
#

might be right about direction but your entry was quite early, institutions taking their money :d

echo kiln
#

GBP/USD anyone trade this? From the looks of it, tough...

midnight ledge
icy wraith
midnight ledge
echo kiln
icy wraith
# midnight ledge Should I not enter during the event?

You shouldn't enter because you don't know what's going on, you probably looked at it because @echo kiln sent it here. Don't just follow everything that is posted blindly, do your own research. That goes for everything, if you've been looking at it and did your research then go ahead.

#

Its go down cold ?

echo kiln
icy wraith
#

That might've sounded a little bit offensive, I didn't mean it like that, it's just truth. And nothing against Micky I've been looking at what he's posting, good stuff.

echo kiln
#

Oh, LOL, I didnt read it like that...LOL

#

please dont fight me, im getting too old 😁

midnight ledge
#

I am Japanese, so I don't understand the nuances of fine English.

echo kiln
proper shore
#

Oh thanks @echo kiln for showing the previous day h/l in that PAC example yester day. 👌🏾

icy wraith
#

Glad to hear there are members from all over the world. @echo kiln I am confused now lol, I got nothing but good to say about you ;D you are helpful and post quality ideas, messages.

midnight ledge
#

Perhaps I am the first Japanese.

icy wraith
#

Also seeing #💱forex-chat being more active is amazing, if someone got questions don't be afraid to ask.

slate hedge
#

cup

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gold is going sky moon

icy wraith
#

?

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Gold go down ??

blissful leaf
icy wraith
#

What

blissful leaf
#

what is the chart telling you about gold?

slate hedge
#

shape of cup

icy wraith
#

Indicating to stop trading for the day and go drink some beers.

proper shore
dapper jolt
#

Anyone carch the moves in kiwi and aussie

blissful leaf
#

@dapper jolt you're also back

dapper jolt
#

Ya had some naughty action on my account after being stagnant for a while so took a break

blissful leaf
#

patiently waiting for Nicky

woven ridge
icy wraith
#

Or not ?

echo kiln
# icy wraith Capital.com good broker ?

Depends on where you live and if regulated or not in your locale. But looks like their registered address is on that Cypress island and here is a google street pic of the building

icy wraith
#

Its the left building.

echo kiln
#

😹

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joking

dapper jolt
#

🤣🤣

dapper jolt
icy wraith
echo kiln
#

here's my fx broker main office

icy wraith
#

Looks legit. How are the spreads? 😅

echo kiln
icy wraith
#

Looks like they offer great support services as well 😂 For real tho, what broker are you using @echo kiln

echo kiln
#

my secondary accts are forex/com and TradeStation

#

all integrated with TV to trade and manage direct on TV charts

icy wraith
#

I like metatrader over trading via TV.

echo kiln
#

And I dont do prop firms....

icy wraith
#

Took me some time, but here we are now. TV is really simple, you've got everything on one platform which is great.

hasty harbor
#

good day folks

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anyone trade UJ?

tired terrace
#

Hahahah close to my it’s either school or a graveyard kekw

tired terrace
cunning thunder
solar python
cunning thunder
#

EURUSD

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EURJPY

fresh sparrow
#

whats up

slate hedge
#

morning everyone

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@fresh sparrow ill stick to you ( not to trade in fridays ) looool

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hang around ...

fresh sparrow
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haha

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I don't not trade Fridays

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but I definitely have caution

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on Fridays

woven ridge
icy wraith
#

does anyone know a good broker?

icy wraith
#

This indicator is trash

analog locust
icy wraith
#

This

#

Luxalgo

#

it really isn't right at all

cunning thunder
#

Its coming

solar python
cunning thunder
icy wraith
#

what broker do you use

echo kiln
#

Morning/nighttime 👋

#

Got mine. Done for Friday Brain

fresh sparrow
#

and there goes Gold

cunning thunder
rough pawn
#

EURUSD

echo kiln
#

You gotta watch the dollar index, it sent us a clue before news....

echo kiln
#

Gold on my mindless template

rough pawn
#

EURCAD

blissful leaf
echo kiln
#

YEAHflex

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Who has UJ long today? you did good

icy wraith
#

How's everyone doing today? Hope you are all having great day so far.

solar python
#

when you realize it's friday already

echo kiln
echo kiln
#

Does everyone know Lux has a Risk Management tool?

cunning thunder
#

Should I close my position for weekend ?

echo kiln
#

As long as you can buy lunch with the profits, I would close it down 😹

jovial atlas
#

Guys i need help.. the best Choch ..it happened with wick or body of the candle!!! ?

echo kiln
grand spindle
jovial atlas
#

More valid !

echo kiln
jovial atlas
#

😾

echo kiln
#

no right or wrong answer, many traders will have great reasons for either way

echo kiln
echo kiln
# jovial atlas 😾

for me personally, I like to use wicks/fractals, because thats where price went to the extreme on any timeframe bar

#

🤷🏻‍♂️

proper shore
#

Will it still print a choch if the candle doesnt close above/below though?

echo kiln
#

why? did you see something not right?

proper shore
#

i always go by candle close

echo kiln
#

in order to have a choch, it needs to have a change in structure, a confirmed change in structure

echo kiln
#

Then again, I'm a Lux Signals/Overlays guy chickenheads

proper shore
#

loving the order blocks and structure call outs

#

now if only those trendlines could come from a different chart timeframe like the order blocks and fair value gaps @echo kiln

echo kiln
proper shore
#

i started drawing channels over them. The channel tool should probably do the trick

grand spindle
echo kiln
#

overlay this on PAC?

proper shore
echo kiln
#

the one above for the channels on the swing moves is this from Luxhttps://www.tradingview.com/script/a2PJSO1p-Zig-Zag-Channels-LuxAlgo/

TradingView

The Zig Zag indicator is a useful tool when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and t...

proper shore
echo kiln
#

pretty much spot on

proper shore
#

I've been doing good with all those OBs on one screen, I actually have that position on.

rough pawn
proper shore
# rough pawn

Waited on the candle retrace? thats the same trade in my screenshot lol.

#

Thats the same oscillator that you use @echo kiln ? I couldn't find it.

proper shore
woven ridge
#

hey guys how long do you recommend testing before going live?
started testing yesterday and I got 15% profits

cunning thunder
#

Wow wow wow

woven ridge
echo kiln
cunning thunder
woven ridge
cunning thunder
echo kiln
woven ridge
cunning thunder
#

Lux just a tool saving you from drawing charts

proper shore
#

@echo kiln I’m guessing there’s isn’t any documentation anywhere on the legacy oscillators?

woven ridge
cunning thunder
echo kiln
proper shore
woven ridge
cunning thunder
cunning thunder
echo kiln
#

Have a good weekend for those signing off 👋

blissful leaf
cunning thunder
#

Monday To do list : EURUSD long , EURJPY long , USDCAD long

rough pawn
#

AUDNZD from 9AM morning 🤨 is moving very slow....

rough pawn
#

US500 had today a great setup

echo kiln
round brook
#

Hello all. My first post here. Just recently joined

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I've been trying to find ways to have the best confluences to use the indicators

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Basically I use EW as direction/trend then look for entries using indicators

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Im still currently backtesting the two indicators (Signals and Price action)

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Any tips to help?

cunning thunder
#

GBPUSD

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USDCAD

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EURGBP

round brook
#

Thanks! Will do

#

@cunning thunder

echo kiln
#

Happy Saturday everyone Brain

proper shore
#

ooo Saturday Action

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Backtesting and writing out a trading plan

analog locust
echo kiln
grizzled pine
prime jay
#

has anyone backtested internal vs external structure trades

woven ridge
cunning thunder
#

EURUSD 1H

grizzled dagger
proper shore
errant mason
#

Biggest rule I follow for trading is to never trade on a Monday

cunning thunder
#

Dollar dead

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Euro is the new king

blissful leaf
#

bank holiday in the uk, very slow morning

cunning thunder
#

EURUSD potential long or short zones

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XAUUSD short of the week

woven ridge
solar python
cunning thunder
#

Maybe if ı see wick on fvg and retrace I can short

#

I closed my euro long

solar python
#

i agree, something big must happen on usd

cunning thunder
#

Because Dollar on weekly low

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Maybe one leg up so I can enter another euro long from bottom fvg

hallow grove
#

Where are you trading forex ?

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Need a broker

cunning thunder
hallow grove
#

International

#

?

fresh sparrow
#

I never understand these what brokers are you using questions especially international

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Anyway, good morning all

#

Another bank holiday in the UK

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So will be back trading tomorrow

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London session will most likely be quiet

cunning thunder
hasty harbor
echo kiln
cunning thunder
#

Brave Shorts

icy wraith
icy wraith
# hallow grove Need a broker

Depends on your needs and what you were looking for in a broker, no such thing as best broker but look for regulated ones.

solar python
woven ridge
rough pawn
slate hedge
#

nice

echo kiln
#

Good morning, night, afternoon ☀️🌓

rough pawn
#

EURUSD

#

EURUSD in 1 hour chart, have "Red Engulfing bar" ... probably we are going down....

echo kiln
#

Action is a bit dead, oh well....

solar python
#

very dead, had to get out for 7 pip gain 👍 it was that 1.1050 Order Block on 15min chart and thought that it might not breakout, PAC were right

rough pawn
# echo kiln yup, or maybe 🤌

Actually I done for today (I am in European time)... but I wait for the "Open" in 9:30 to see to what side the momentum will push...

echo kiln
#

DXY doing nothing

#

🦗

rough pawn
echo kiln
#

Gold is tight...dang

blissful leaf
#

gold is shit

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bank holiday UK the markets barely did a anything

echo kiln
#

😹

blissful leaf
#

last week we had 1st of may bank holiday

#

this week we have coronation weekend

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we have a new king you know

echo kiln
#

Whats the next move?

rough pawn
#

AUDNZD ... to who looking for action now

solar python
solar python
#

that order block disappeared fast lol

rough pawn
#

US500 is dropping

#

UPDATE

echo kiln
#

Screw it, im out at 6pips, took a couple of positions on some shorts....

slate hedge
#

what time is the CPI report ?

echo kiln
#

at this point, i welcome Chair JP to open his mouth thinking

#

Should had held my EU short TakeMyMoney

rough pawn
echo kiln
woven ridge
#

seeing xaauusd sellin on tf 5 and 15

full python
#

Is this valid ?

echo kiln
full python
#

Short term interaday

#

What is the stock los of this?

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Stop*

echo kiln
full python
#

I can hold for only two ,three days

echo kiln
#

also your stop losses are all different depending on your strategy etc....you could have SL's at key levels, OB's, internal highs/lows, etc.....or no stop losses

echo kiln
full python
#

Maximum two, three days

blissful leaf
full python
#

Buying

blissful leaf
#

we got there in the end. @echo kiln you can take over i'm just up from a snooze

echo kiln
blissful leaf
#

if your entry is hourly, i'd look for an hourly or above point of interest. a round number, order block, swing low.

if you're already in the trade and the next possible stop loss is too far for you, look to cut the losses and exit early. the stop loss depends on your nerves and your risk appetite

echo kiln
shadow granite
#

Hello, anyone in here use luxalgo for automated trading? Im looking for some insight on how I could best apply the indicator with semi-automated and fully automated strategies.

echo kiln
#

Everyone safe on this 🐢slow day❔

fresh sparrow
#

yepp

#

chilling

#

making the most of the holiday

echo kiln
#

Good times ahead?

#

Or a big nothing 🤷🏻‍♂️

fresh sparrow
#

Lol

#

£160 million spent on security alone our of taxpayers money.

#

Whilst people are struggling to pay for rent

#

Food

#

Mortgages

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Healthcare

#

Childcare

#

Haha

#

The list can go on

#

The royal family I read receive £1.59 tax per person living in the UK

#

Every year

#

= £85 million or some shit.

echo kiln
solar python
#

same here as well

fresh sparrow
#

I guess they need some payment for the capitalism they've set up for us to slave away in.

#

Took years of hard work.

#

Blood, sweat and tears.

#

Anyway, we live on

fresh sparrow
#

I found out today though about spread betting

#

In the UK, it's tax free

#

It's virtually the same, except you are doing points?

#

So been looking at that because it's in the same broker I use. And if I can trade fax free, then even better. Guess there are some advantages

#

Spread betting example 1: trading Tesla (TSLA)
Let’s assume that Tesla (TSLA) shares are traded at a sell price of 57,014 ($570.14) and a buy price of 57,072 ($570.72). You expect the TSLA price to go up in the next couple of days. You take up a long position (buy) Tesla shares for £20 a point of movement.

Result A: A profitable bet
If your prediction is right and Tesla stock goes up, you may decide to close your trade (sell) when the price reaches 57,122. In this case, the market will have gained 50 points (57,122 – 57,072), giving you a tax-free* profit of £1,000 (50 x £20).

#

Result B: Losing a spread bet
The examples above are for educational purposes only

All trading contains risk. The market can move against you. If the TSLA price goes down to 57,052, you will incur a loss. If the share price fell by 20 points (57,072 – 57,052), your trade would end up with a loss of £400 (20 x £20).

echo kiln
#

The thrill of the game

fresh sparrow
#

I think here it's using stocks which isn't the best example

#

Against commodity and Forex, it's a lot more easy to understand.

#

I have been trying to understand the correlation between points and pips, but if we use your method of 10 pips = 100 points, you can make a profitable tax free strategy.

echo kiln
fresh sparrow
#

Ok, wait, I found a calculator

#

Yeah, but when you trade cfd its the same

echo kiln
round brook
fresh sparrow
#

500 points = 50 pips

fresh sparrow
#

Can even spread bet on DXY and VIX

proper shore
#

What are some other good indicies to pay attention to like DXY?

echo kiln
proper shore
rough pawn
#

USDJPY nice setup for trade

echo kiln
#

Slow nothing day, but hindsight, looked great for potential 2 scalps. I only took the first one for 6pips, and shut it down after that......

#

GBP/USD - looking nice for NY session today....

#

USD/JPY - Nice range zones

rough pawn
#

OIL this morning

rough pawn
#

EURUSD 15 min chart

#

EURCAD 15 min chart

#

USDJPY 15 min chart

#

USDCAD 1H + 15m

hasty harbor
rough pawn
#

USDCHF

rough pawn
#

GOLD this morning...

hasty harbor
sterile oracle
#

what are your thoughts... I have been thinking (dangerous for me)... I obviously look for the shape of mountains.... which declares my time period.. The pair does not matter... The 6.00x is set to scalp. and I use the price action movement at ICHOOCH and the + version... this makes the entries. I then created confluence to make a book. I auto close 22 pips at 30% of trade and leave the rest to move stop loss to that value.... Its working...

#

since 6am.. not too bad...

#

no SL.

hasty harbor
#

Only thought for me is if you have the system & its working for you then stick to it.

solar python
#

gold broke out of the range... i'm long📈

hasty harbor
slate hedge
#

going back to re test and then ...... BOOOM

#

mighr hit 2084

#

or if it brakes 2028 ... re test ... booom down

cunning thunder
#

USDCAD

#

XAUUSD

echo kiln
#

EU - Got itSHORT

cunning thunder
solar python
#

DAX, XAUUSD position closed breakeven

echo kiln
fresh sparrow
#

nice trade on gold

solar python
fresh sparrow
#

short

solar python
#

UK100, did not trade but wow, strong moves!

fresh sparrow
#

haha

#

I've been about

echo kiln
slate hedge
#

gold might retest now

echo kiln
#

someone say gold 🤔

fresh sparrow
#

I'm on a @echo kiln vibe rn

#

only taking what I need

#

Gold will die

#

imo

echo kiln
echo kiln
fresh sparrow
#

It tried to break out of the downtrend or an EQ flip

#

Beautiful

echo kiln
#

it sure filled that huge gap

slate hedge
#

train is leaving the station ......

#

ALL Aboard

woven ridge
#

let's see how this go

echo kiln
rough pawn
slate hedge
#

up up up up

blissful leaf
cunning thunder
rough pawn
slate hedge
#

gold

cunning thunder
#

Still waiting Short of the week XAUUSD

fresh sparrow
#

Round 2

hybrid spruce
#

Gold is playing ping pong

fresh sparrow
#

GBPUSD opportunity

#

Small Gold opportunity

#

Lovely ❤️ 🪙

rough pawn
fresh sparrow
#

I love your oscillator settings

gentle plover
#

Can anyone share good settings for gold

echo kiln
#

Looks like gold was safe for short scalps today

blissful leaf
fresh sparrow
#

💯

#

Gold moving now

#

the MSS formed at the trend line break so, I'm probably looking for longs now

#

but hasn't really retraced and is now at the bear OB

fresh sparrow
#

trade done

#

This was the trade I took

#

I accidentally placed a buy limit

#

I mean a market buy

#

instead of a buy limit

#

so I closed it and opened a market buy at the retracement

#

I believed it was bullish when it broke out the pattern

#

But we are looking for a short now

#

Reason being we are the top of the FVG it could go a bit higher but, I'm conscious that we're looking for shorts

woeful carbon
#

hello forex traiders

echo kiln
woeful carbon
#

i just joined, and am in the middle of configuring the indicators- any guidance 🙂

echo kiln
worn hatch
woeful carbon
woeful carbon
worn hatch
#

Happy Trading .. if you have any confusion .. please feel free to ping @echo kiln @rough pawn and @fresh sparrow 🙂

woeful carbon
#

Thank you mate ! much appreciated !

hasty harbor
rough pawn
slate hedge
#

Gold re testing

#

just a heads up, so if the ict news said its more than 5 .. it will go down and if they said less than 5 it will go up and if it 5.5 it will increase slightly like what happened in 14 jan i think

#

sorry i think it was Feb 5.5 and Jan 4.5

#

Check it out from the charts and news

#

... any thoughts ?

echo kiln
# slate hedge ... any thoughts ?

For me, past patterns based off of news is a tough plan to follow in real time. Anything can happen and there are always other pressing issues lingering as well, on top of the current news release. IE, the unresolved USA debt ceiling is taking a toll on the markets, is it priced in or not, assuming USA will default for a few days? who knows as this headache still weighs on the market makers minds, during any news release....

echo kiln
#

Alrighty, markets reset and open GIFCryptoRiseUp

cunning thunder
worn tapir
#

Is this a new group?

flat cosmos
#

Thoughts on gold?

rough pawn
#

XAUUSD Gold this morning...

merry venture
#

Good morning

#

do you think i can place a long?

rough pawn
merry venture
#

thanks you

rough pawn
#

USDCHF

#

USDCAD

hasty harbor
#

chart?

rough pawn
# hasty harbor chart?

All Forex in 1H chart, (moving the stoploss on 15 min chart) ... But the Gold, US500, UK100 on 5 min chart

#

Entry after "closed bar" will breakout the CHOCH line

hasty harbor
#

care to show on chart?

rough pawn
solar python
#

us100 target around 13000

queen nest
#

Hy my price action concept indicator is not showing metrics how can i fix it?

hybrid spruce
#

Did you check the settings? Is the 'Show Metrics' option ticked?

queen nest
#

Yes

hybrid spruce
#

Then you prob need to remove the indicator from TV and add it again

queen nest
#

I also tried that

fresh sparrow
#

not trading today guys, got some things on

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haha, you know what's funny

#

I just looked at Gold

#

and was like it's 12pm, why's it starting to move crazy

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must be news, checked, I see news

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definitely not trading today

#

good luck anyone else today who is

hybrid spruce
#

Gold was moving nicely during Asia session

dreamy narwhal
fresh sparrow
#

yeah I just prefer to not trade news anymore

#

I've made good profits etc

#

but.. right. now, I'm on a @echo kiln strat

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get my pips and move

hybrid spruce
#

Yeah, grab nd go

echo kiln
#

☀️

dapper jolt
#

Ohh 30 mins to movement

hybrid spruce
#

On your marks, get ready

fresh sparrow
#

Gold was going down after not breaking that downtrend

#

And now it's going up haha

#

sign was there when it held the OB and then on 5m

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straight into the FVG on the 15m

blissful leaf
#

taking the rest of the day off. cya tomorrow

hasty harbor
fresh sparrow
#

it's not that you shouldn't be trading

#

you can trade when you'd like

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😄

hasty harbor
#

I didnt realised I had the other limit open. I got stacked entries, got out on one and reached on the other, it was 1:7.5 R trade completed in a flash.

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I marked gold also but didnt put the limits

solar python
#

eurusd

echo kiln
#

Gold vs DXY, happens almost everyday

heavy tendon
#

AudJpy perfect buy opportunity. Tower candle formation. Taking tp at previous high

#

1hr timeframe us what I'm looking at

echo kiln
#

tough call on the AJ

#

it needs to push for you

cosmic widget
#

what now on Gold

heavy tendon
#

It definitely will push I'm thinking since it has mitigated pretty much everything below already the price will drop some then return to push higher

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Oh man oops

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I missed that move

#

Stops happen its apart of learning

echo kiln
# heavy tendon Stops happen its apart of learning

Actually, new release part of learning, in my opinion, news eats up all indicators and spits it out on the other side. The only tool I see respected somewhat during news is key levels, previous highs/lows, and round numbers.....

ashen flower
echo kiln
#

for EU, its pretty good, for crypto, its garbage

heavy tendon
#

Agree, however I wasn't using indicators on this trade. I was actually using the tower formation created. I mistakenly ignored the large wicked candle. It was a fake out and as you stated news eats up pretty much everything. Even our sense of price

ashen flower
echo kiln
#

for EU, the round number respect to the upside

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1.1000

ashen flower
heavy tendon
#

Banks love to draw traders in on the round numbers. I personally go a little above or below the round number when trading up or down

echo kiln
#

plt some round number on some pairs and view tham as S/R and figure out which round number is best for the pair. Ie, for EU, its in batches of 500

#

for other pairs, it might be in batches of 1000

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for the down side EU, the 1.09500 seems to hold lately

ashen flower
fresh sparrow
#

Gold rejected the order block above and fell back through the 1hr FVG, was a good short opp

rough pawn
#

EURJPY

woven ridge
#

I gotta say I am loving it lol

woven ridge
#

@echo kiln hi, where do i report issues?

slate hedge
#

lost 1k when it first happen, and gain 1.2k loooool didnt got that much

echo kiln
#

everyone safe today?, for me, Im letting this day calm down until my chart resets back to somewhat normal 😹

echo kiln
slate hedge
#

i dont know !! things went sideways all of sudden and everything stuck

woven ridge
slate hedge
#

i saw 1k lost looooool

#

closed it right away

echo kiln
slate hedge
#

yup

echo kiln
# slate hedge yup

what TF are you on? how many indicators you have on chart? what kind of laptop or desktop? wifi pr broadband?

#

it can happen if some of the above combo's are just not right...

slate hedge
#

ill check it out

echo kiln
echo kiln
rough pawn
#

EURGBP

golden quiver
#

XAU/USD

#

entry 2010.99 SL:2020.19 TP1:2003.96 TP2:1990.79 (my gift for us)

golden quiver
#

EUR/JPY

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entry:147.440 SL:146.754 TP1:148.369 TP2149.226

lilac estuary
#

lovely

echo kiln
#

everyone alive after today's action?

fallow cedar
#

Yeah 🛸

echo kiln
#

good to hear

cunning thunder
echo kiln
#

Waited all day until the markets settled down and indicators reset. Got my 10 pips on UJ

proper shore
#

Does the Premium and Discount zones alert as Order Blocks entered?

echo kiln
#

I could be wrong on the Any Alert commands. I’ll have @flat umbra or @rapid mountain confirm

proper shore
lilac estuary
#

Does anyone also uses the silver bullet strategy?

hybrid spruce
#

Nice sell on gold right now

cosmic widget
rough pawn
#

I am checking today setting for EURUSD & XAUUSD ... And I will update you with final results soon 😉

icy wraith
#

What good settings for the indicator?

fresh sparrow
#

Ended up with this on GOLD

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Straight into sellside liquidity and a retrace to the FVG

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Taken profit here on GBPUSD and out until NY session

flat umbra
fresh sparrow
#

Nice trade on Gold again, scalping the movement but going to drop out

icy wraith
#

Gold go high of low ?

proper shore
icy wraith
#

Buy or sell ?

fresh sparrow
#

I would wait, I never buy when it's green tbh, that's not my trading

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Moved my SL to entry

icy wraith
#

is convenient to buy now? and where is it going

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What are good setting for Luxalgo?

rough pawn
icy wraith
#

where and how do i learn a strategy easily

fresh sparrow
#

I hate to say it but there's no easy way

fresh sparrow
#

@icy wraith

fresh sparrow
blissful leaf
#

news in GBP soon and also we have $ news at 1330

fresh sparrow
#

oh yeah]

#

No more trading for me then

blissful leaf
#

i am doubtful that gold can hold 2021 again

fresh sparrow
#

me too

#

let's take a wider look

blissful leaf
#

198X is the wider look

#

yesterday's gains were wiped out in 2hrs

#

(not mine, gold's move lol)

fresh sparrow
#

there was a huge imbalance

#

someone here said it was the short of the week

#

I want to see how it will react to this FVG on the 1H

#

I do agree with you though, it's retested but, I don't really wanna trade around the news event.

rough pawn
#

For those who use ICT, I recommend activating this function, and updating Style: Up triangle / Down triangle

fresh sparrow
#

why is it useful?

#

like this?

rough pawn
icy wraith
#

i just cant get a good setting for luxalgo exit and stuff someone help

left flax
#

Yep my entries are near perfect (if there is such a thing) but my closings suck

#

I always leave too much on the table

analog locust
#

Major news in 8mins, ladies and gentlemen. Please take caution.

left flax
#

Andrew Bailey is Powells little bee atch..

analog locust
left flax
#

US catches a cold , Uk gets pneumonia, Europe has a sauna 😆

fresh sparrow
#

PPI at 13:30

icy wraith
#

I Miss it

fresh sparrow
#

You didn't miss anything, NY session soon starts, there will be another opportunity then

#

It will either continue during NY or die

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but a lot of people aren't trading rn because there's news @icy wraith

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I would only still be in on my original entry I took

#

at 2023 or so

rough pawn
#

XAUUSD Gold - The price is far from the "Trend line", so when will appear a negative triangle It's time to close long

hybrid spruce
#

Gold is taking off

fresh sparrow
#

good holding though, cos I'm on the micky strat I'm not holding for long now

fresh sparrow
#

depends on your time zone

#

where are you based?

rough pawn
icy wraith
fresh sparrow
fresh sparrow
#

but as I said, I'm just trying to take what I need for now, and remain consistent

rough pawn
#

Closed long trade (Gold 5 min chart) .

solar python
#

chfjpy

fresh sparrow
#

it's kinda the reason I got rid of signals & overlays

#

as in how do you know which exit is the one you want to take?

icy wraith
rough pawn
fresh sparrow
echo kiln
#

Looking at the 💵 index for UJ and EU today Brain

icy wraith
#

does anyone know the right exit take profit setting?

fresh sparrow
#

You have to develop a strategy with mulitple confluences, blindly following the alerts on a day like today with news will blow your account.

blissful leaf
#

@fresh sparrow be my mentor

fresh sparrow
icy wraith
#

okay and where can i find the news?

fresh sparrow
#

there's also a news calendar

blissful leaf
#

expecting a bullish $

icy wraith
#

O ok Thxx 👍

fresh sparrow
fresh sparrow
#

Not trading myself whilst the news event but little short scalp here at the rejection of the 15m FVG

blissful leaf
#

that's a big dump jpy took out of nowhere

fresh sparrow
#

out of nowhere, I think there must be some correlation to GOLD I just don't know it cos I'm not familiar

#

but

#

it wasn't out of nowhere

#

lol

#

Gold did the same

#

We were talking about it me and @rough pawn

blissful leaf
#

crazy spreads ✅

fresh sparrow
#

but this is why we don't like to trade news haha

rough pawn
#

Gold 5 min chart - "Inside Bar"

blissful leaf
#

no indicators are valuable pre news

#

no candlestick formations, etc

fresh sparrow
#

lol

#

nothing's safe

#

it's actually so interesting to watch

blissful leaf
#

flat-ish news

fresh sparrow
#

this is why you do not trade news

#

lol

#

rejected the 15m Bear FVG

rough pawn
echo kiln
#

maybe?

rough pawn
#

Gold 5 min - Liquidity Grab https://www.youtube.com/watch?v=3vbw-4KXptI

Get access to LuxAlgo Premium: https://luxalgo.com

All of the content on our YouTube channel is for educational purposes only. No data, content, or information provided by LuxAlgo, the Site, or the other products and services of LuxAlgo, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold ...

▶ Play video
blissful leaf
#

everyone alive?

echo kiln
fresh sparrow
echo kiln
fresh sparrow
#

I'm alive cos I didn't touch anything

#

lol

echo kiln
#

once the opening bell rings, these big shots will take this where they wanna take it....

#

they are just waiting and stalking....until us home gamers start first

#

😹

fresh sparrow
#

You know what it was actually interesting to watch

#

when I didn't know about news

#

all that other stuff

#

I was always FOMO'ing

#

For this, I was just watching and then controlling my impulses, thinking ah, this is when I would've normally made a short because I thought it was dying

#

and then boom

#

the market doesn't care about me and my little accouint

blissful leaf
#

why would the market care? you're liquidity for them

fresh sparrow
#

lool

#

the market

icy wraith
#

Higher?

blissful leaf
#

who's higher?

#

took my 1%, out for now

fresh sparrow
#

GOLD short

rough pawn
fresh sparrow
#

👀 @rough pawn I'm just little before you every time

#

entered at 2034.41

fresh sparrow
#

GOLD 👀

rough pawn
#

Gold woke up

fresh sparrow
#

haha

slate hedge
#

up

ionic dragon
#

entered this trade, could exit here..

#

take profit is the green zone, maybe a couple of days, maybe a week...

blissful leaf
#

usdcad did really well today

#

just wondering if @echo kiln took his 10 today

echo kiln
blissful leaf
#

you short i hope?

echo kiln
#

so this is going to take some time, have a feeling this is gonna chop, which is good that im doing this on the 1H today

ionic dragon
#

@echo kiln im looking at the eurusd 1d chart and im going long..

#

i entered a small long position today and a larger limit order at 1.08430

echo kiln
#

What does the DXY daily say? 🤔

#

If everything checks out, then here you go!!!! Hope it works out...

brave rose
#

Hi Anyone help me with the best possible setup for Gold Trading with Lux

echo kiln
#

☝️

#

any Gold traders here to help out❔

proper shore
#

Not a gold trader but I see this referenced a lot

echo kiln
blissful leaf
#

too slow. im taking a nap, london is over

echo kiln
ionic dragon
fresh sparrow
#

At -0.92, DXY has a near perfect inverse correlation to Gold. If the DXY falls, Gold rises, and vice-versa.

#

sorry, didn't realise you were talking about EURUSD

#

The US Dollar Index (DXY) is a popular tool used by forex traders to assess the value of the US dollar relative to a basket of other major currencies. The DXY is calculated using the weighted average of six major currencies: the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. To use […]

#

Look for forex pairs that are inversely correlated to the DXY. This means that when the DXY goes up, the currency pair goes down, and vice versa. For example, the EUR/USD pair is negatively correlated to the DXY, which means that as the DXY goes up, the EUR/USD pair goes down.

low token
#

Nas100 on the 30 minute. This is a very daring indication 😂

echo kiln
#

With the DXY trying to push higher on this slow chop day, EU trying to take it down another leg loading

blissful leaf
#

the legend says @echo kiln is still holding the short

echo kiln
#

MF day was garbage slop after news

#

still holding per my chart

#

stick a finger in my eye

#

most say 10pips is too small of a TP, but look at today, 10 pips is painful to get, LOLLLLLL

#

not moving

blissful leaf
#

aimed for 1% today

#

got to 0.9% for like 5 times then it dropped to 0.3%

#

rinse repeat x5 times then it finally hit it

echo kiln
#

I am in the middle of this scenario now

blissful leaf
#

stop at breakeven and disconnect

echo kiln
#

after i do this, then it goes my way

#

always happens

#

LOL

blissful leaf
#

classic

worn hatch
# blissful leaf stop at breakeven and disconnect

If you have notice if the candle is close to your entry level while you know that it is moving to the direction it has to go and you set your BE+, sometimes I feel that broker as set the system in such a way that the candle makes a U-Turn and comes back to your BE+ breaking the trade and then goes back peaceful with one long candle to the place it had to go earlier 😅

worn hatch
junior ember
#

Anyone give me best settings luxalgo premium?

worn hatch
worn hatch
#

He is a new trader about 2-3 months in trading

echo kiln
#

Still in this short after news release....I guess EU died when the DXY died....

dapper jolt
#

Looking like dxy will get sronger

#

Will look for eur shortd at 1.0960 if we get therr

echo kiln
dapper jolt
#

Yep…got burnt looking for eur longs…thought after cpi since it didnt really move down the 200 sma on 4 hr charts would push it through

#

But weekly range so far 1.1040 to 1.09……

#

Will look for shorts airh SL above 1.1020 for a move to 1.08-1.0750

#

Took a hit but still up 6% since monday so will take it on the chin

dark bobcat
echo kiln
dark bobcat
#

Yes

echo kiln
dark bobcat
#

Like the table you have on the pic u sent

echo kiln
echo kiln
#

and if you pan your chart to the left, you can see a circular oscillator representation of the Lux indicator.

#

@dark bobcat

#

and you can have the circular bands gradient colors....to show overall strength of the move...

daring zodiac
#

any swing 4hr traders in the house?

echo kiln
#

I usually scalp on 15, but market was so slow, I didnt want to see the chop, so 4H 1H for me early on

daring zodiac
echo kiln
icy wraith
#

5 min good time frame ?

dark bobcat
#

Idk how to enable it

echo kiln
# dark bobcat If looking for the chart on the bottom left that shows eur and usd strength
TradingView

The Currency Strength indicator displays the historical relative strength of 5 user selected currencies over a user selected period of time. Users can also display relative strength of currencies as a scatter plot, further informing on the evolution of currency strength.

🔶 SETTINGS

Display: Determines the type of data displayed by the indicat...

worn tapir
#

How’s everyone doing over here in forex?

blissful leaf
#

just visiting us from stonks?

worn tapir
blissful leaf
#

the legend says he's still holding a sell on EU

#

good day for you today?

worn tapir
#

Everyday a good day for me, no complaints from me

blissful leaf
#

that's what you want to hear

#

maybe i'll learn how to flip stocks one day

worn tapir
#

I trade options and futures

#

Not equity

echo kiln
blissful leaf
#

told you @worn tapir he's still holding

worn tapir
blissful leaf
#

yep

echo kiln
worn tapir
#

I may or may not be swinging some NDX

#

Im forced to hold at this point

echo kiln
worn tapir
echo kiln
#

look at DXY and the money flow band

#

screaming higher

echo kiln
worn tapir
echo kiln
#

someone has to do some cpr in there

worn tapir
#

Keep it intimate

echo kiln
worn tapir
#

It’s not secret, its more personal, everyone gets their own experience and help

#

Not like when I dm you and you give me the middle finger

worn tapir
#

Correct

#

Thought we were lavenders for life

echo kiln
worn tapir
#

So youre holding?

echo kiln
echo kiln
echo kiln
#

spx 1H, bands are near 50%, means CHOP all day

ionic dragon
# rough pawn

Still hasn’t changed much… I strongly believe there is potential to an upside breakout..

fresh sparrow
#

Not really seeing much this morning

merry venture
#

Hello,

#

WTI go down

lyric lagoon
#

Hey new here. I have a question. Would any of you be willing to have a talk in one of the voice channels? I fully fell into this business, been doing this since January, lost like 1k and I truly do not have anybody to talk to. I just want to talk to some of you about everything bottled up. I a writing this here because I exclusively trade in Forex. Can someone please help?

echo kiln
# brave rose can i get the setup link?
TradingView

This indicator is an implementation of a circular barplot aiming to return the market sentiment given by multiple normalized oscillators. These include the relative strength index (RSI), Stochastic %K (%K), Linear Correlation Oscillator (ROSC), William Percent Range (WPR), Percent Rank (%R), and money flow index (MFI).

The length period of each...

dreamy narwhal
#

@echo kiln EURUSD finally took out 15m lows, did you get your short TPd?

rough pawn
#

XAUUSD Gold - Short Trade

sterile oracle
#

This looks pretty cool

#

you want mountains.

#

so you can do a TP at 22 pips and move the SL to that level and let it trail....