💱forex-chat

[icy wraith]

hbu

yeah

[echo kiln]

You folks are cooking here

https://tenor.com/view/desmondpacito-cooking-chef-gif-12378159

[icy wraith]

😂😂

Im just getting started to be honest

and im kinda young so my Budget is not that high to put in

Does LuxAlgo work with MT5?

sure

[noble crag]

All USD pairs 🚀 😂

Me putting entry orders waiting for the liquidity sweep on the imbalance … 🥷

[echo kiln]

Interesting

Full port?

[worn hatch]

Be careful thou

[echo kiln]

🤔

[noble crag]

Coz you might get taken out by manipulation of big whales and might not get chance to sweep 🧹

[worn hatch]

4 - 5 days ago you claimed to be trading Indian Market while you made recently $50

While today you are making around $10K

[echo kiln]

👀

🤔

[worn hatch]

You were banned earlier by me and today you would banned again

[vapid galleon]

very nice sir

can you teach us?

i wnt to learn lux smc sir

[open wigeon]

gold finaly going up i guess?

i got TP at 2048

[sterile oracle]

Are you only trading based on CHoCH?

[sterile oracle]

Its taking its time...

I am taking the longs as it rebuild... I dont think we will see dramatic movement just a long haul upwards.

[open wigeon]

me too

but the market is closing today

so im kinda worried

[sterile oracle]

yes.. you must be very exposed.

that was a big pip movement...

The thing is it will go up..

how much percentage margin are you exposed by if you leveraging?

[worn hatch]

Buyers incoming thou on 5m TF

1st Bullish FVG on 15m TF

@open wigeon Look for the nearest Equilibrium to exit

Set BE+ and let the trade run on it own .. Make sure your BE+ is 10 pips and if the price move higher then bring the BE+ to 20 pips

[open wigeon]

so at 2044 exit?

[worn hatch]

Look for rejection to exit or manually take profits around 50% and set BE+

at what level did you buy ? @open wigeon

[open wigeon]

i bought at 2031

[worn hatch]

You are already 50 pips up

[open wigeon]

yeah

but its still rising

[worn hatch]

Updated

[noble crag]

2042 would be my first 50% close and next remaining on the FVG imbalance but I would take in mind the volume around the equilibrium coz their is high chance of another bottom drop sweep due to sell side liquidity and HH & LL forming.

[worn hatch]

Confirmation as come in too @open wigeon

[open wigeon]

i set Tp at 2042 too

[open wigeon]

unfortunately i didnt buy the Indicator yet

[worn hatch]

Just saying! Feel free to join

[noble crag]

You should be alright it’s more of emotional win than the actual win 😊

[open wigeon]

idk if i should take it out or wait till 2042

[worn hatch]

If you are done for the day .. close and enjoy rest of the evening

Market is not running anywhere

[noble crag]

Let’s see how candles form around equilibrium and if you see doji and stars forming look for volume and take your next decision accordingly

[open wigeon]

i think thats one of the most important things i need tro learn as a new trader

[elder beacon]

Thank god for this move up its saved me from this weeks losses 😭🙏

[worn hatch]

How much have you recovered yet

[elder beacon]

15 in profit

I was down 161

[worn hatch]

Are you trading with your personal account or prop firm ?

[elder beacon]

Firm account

[open wigeon]

im down 160 too

[worn hatch]

You guys will make it back by next week hopefully

[elder beacon]

If price retraces to 2040 I'll be up enough to actually pass the phase

[noble crag]

Which firm though ?

[elder beacon]

The funded trader

I'm doing the 5k dragon challenge

[worn hatch]

I got two account with them .. Both Royal $100K from treasure hunt

[elder beacon]

I had a funded 10k account before but college got in the way for whatever reason I just stopped using it

Dumb decision on my half

[worn hatch]

You can still reactive the account from the support team if it is not breached

[elder beacon]

I should probably check then 😭

[open wigeon]

gold giving me mixed signals right now

[oblique willow]

lost 250 today....next week will be better

[noble crag]

Accumulation phase, don’t panic, watch the matrix oscillator

I usually don’t trust most prop firms except FTMO but have never yet done any challenge 😂

[worn hatch]

Reason Seller are still there around on 15m TF .. Matrix Osci Confluence .. Good for a scalp

[noble crag]

Agreed ⬆️

[oblique willow]

do you use the original settings on the matrix?

[worn hatch]

Matrix is all default except the Hyperwave Signal is set to TS instead of SMA

which gives me Strong Confirmation only

I do want to see mix signal around the Osci

@oblique willow An Example

[warm ivy]

Am following this thread while taking notes,💪 🤝

[oblique willow]

thanks i appreciate

[civic ice]

what confirmation u see in ts to approve ur signal

like now in gold example 15th

[stuck wave]

Please ask for instructions on setting up Signals & Overlays in 5 minutes

[noble crag]

Another sweep coming in 🧹

Scalpers making money while swings trades waiting for the readjustment on the imbalance to make up 😂

[worn hatch]

Well you do not trade blindly thou .. you got rejection for the bottom around 4 wicks while the having the 1st FVG too and the price is coming back to that FVG and might fly up or else move downwards while having the seller sitting idle in there

It sweep the FVG and flew up again .. easy for a scalper thou

Higher Lot + 10/20 pips = Higher Profits

Scalper

[noble crag]

Volume & Price Action are your best friend don’t let swing traders scoop you out 😂

[oblique willow]

scalping on what time frame

[worn hatch]

Hello there, Do you have the LUX Premium Indicators ?

You would need to buy and pass the challenge 1st to be funded

[stuck wave]

Yes I have

[worn hatch]

Have you tried the welcome mail in your Inbox where in you add your discord ID and TV ID to gain access along with the role ?

[worn hatch]

Understand their rules and most important is DD - Drawdown

[echo kiln]

When will you joint us on the other side?

[worn hatch]

Google Thefunded trader or FTMO or Deifunded

Deifunded is running a promo now buy 1 and get 1 free for 50% discount

[echo kiln]

Being a subscriber for the Price Action Concepts

So much better

Ok no problem. The other day I think you mentioned you will join us this week.

My bad

https://tenor.com/view/grunts-homer-simpson-angry-kick-gif-16908932556183058469

[elder beacon]

Thank god I'm up another 170 😭🙏

[echo kiln]

Awesome Sauce

[elder beacon]

I was literally £10 away from my max daily drawdown

[open wigeon]

gold sloly moving up

[queen sluice]

too slowly

[open wigeon]

facts

[worn hatch]

Updated

Vol Incoming on 5m TF

[open wigeon]

i hope it goes over the equilibrium

[open wigeon]

thank god

[worn hatch]

We got 2 OB + Bullish FVG + BOS too

[open wigeon]

[worn hatch]

Not to long to remain Bullish 4H TF buyer are decreasing

[open wigeon]

ill stay in

[worn hatch]

LUX Algo Premium

[oblique willow]

@worn hatch where can i find videos explaing the matrix oc please

[worn hatch]

Details mentioned in the chart

[worn hatch]

This could help you all

https://youtu.be/ujisD2JieZA?si=MsNjcebZKwYKaGTn

[open wigeon]

gold going under right now

[worn hatch]

We Got FVG for now .. Market will move slow in NY PM session

[worn hatch]

We are still safe thou .. Bearish FVG cleared on naked candle

[open wigeon]

have yall seen what happend to nzdusd

[icy wraith]

its like time to buy?

[noble crag]

GBP/USD 👀

[open wigeon]

i think ill go long

but look at nzdusd

[worn hatch]

All USD pair would drop

[noble crag]

I already had opened a long position 😂

[noble crag]

Waiting for that squeeze on the liquidity 💰

[open wigeon]

gbpusd is still strongly selling

[worn hatch]

Seller are more in there as per the Osci Matric

Tons of bearish FVG too

[open wigeon]

would u prefer to buy?

[worn hatch]

Let the market settle .. I do not see any Bullish FVG nor Choch/BOS too

[open wigeon]

alright

nzdusd is so low

[trim crystal]

I longed these from discount to the top yesterday and today I shorted on all USD pairs from premium to discount lol

[noble crag]

Dayummm 😂

[worn hatch]

Got Bullish Divergence thou on 4h TF

[noble crag]

I entered at very bottom on discount level, fibonnachi way to go 😂

[trim crystal]

like that 😄

[worn hatch]

Already on the Equilibrium thou on 4h TF

[noble crag]

Expecting atleast 15 pip move on GBP/USD

[open wigeon]

i hope so

i entered

[open wigeon]

yeah ur right

[trim crystal]

Well I don't know about GBP anymore but I can tell you, analyze GBPJPY, AUDJPY, EURJPY, 15m btw

[open wigeon]

where did u enter the trade

gold is moving so slow

[noble crag]

I don’t know if we are allowed to tell that ? Can any MOD approve ?

[open wigeon]

why should u not be able to tell where u entered

[leaden zodiac]

alright thanks for sharing your screenshot

[worn hatch]

Trade level are okay to be told thou

[noble crag]

Idk some large trading groups don’t want to lot sizes, entry and exit levels 🤷🏼‍♂️

[leaden zodiac]

i will try to apply those settings as well

[noble crag]

I entered at 1.26200

[open wigeon]

damnnnn ur luckyy i entered at 26308

[worn hatch]

Copy and save the chart .. But remember my chart only shows short term as I am a scalper which can be used as Day trading too

https://www.tradingview.com/chart/bnoTQoT4/

[noble crag]

I already had limit order for that booked in since I saw it reaching for liquidity on PDL

[open wigeon]

are yall still holding on gold?

[trim crystal]

Anyways, JPY pairs have some shorting opportunities 15m 30m, they have liq trendlines;)

[open wigeon]

i think that means i should hold

but thanks

[elder beacon]

Gold is edging us rn

[worn hatch]

You could layer them at that level too

[noble crag]

Seems like it’s gonna have a sideways trend for while due to sellers still holding a bill, bulls can’t afford to long at that level, let market rebalance itself

[worn hatch]

minimizing your risk @open wigeon

[open wigeon]

what do u mean by layer?

[leaden zodiac]

@worn hatchi dnt know how to copy and save it actually never done that before

[elder beacon]

Extra orders I think

[open wigeon]

never done that before

[worn hatch]

Example

[icy wraith]

this chart from the king fisher

[worn hatch]

Right side top .. there would be something mentioned as copy chart

click on it and save it

[open wigeon]

@worn hatch so u mean that i should buy multiple times while its going up?

[noble crag]

Dollar cost average or Lot Cost Average 😆

[elder beacon]

I bought at that first peak but price kept pushing down so I opened more positions

[leaden zodiac]

i already have somehow 5 saved and cant delete them

[open wigeon]

are u german?

i might enter nzdusd too but i dont know yet, it coud skyrocket up after the weekend

[leaden zodiac]

@open wigeonyes sir

[worn hatch]

Say for example if you are entering a buy trade and you enter your 1st trade and price went down to 10 pips and that place add one more buy trade and price dropped again 10 pips and you add another buy trade .. so now your 1st trade would have less profits but your last trade would have more profits and thatz how you would be able to make more money from the market

[open wigeon]

ohhh

https://tenor.com/view/sherlock-benedict-cumberbatch-hat-gif-15943210

[open wigeon]

thats actualy genius

[elder beacon]

I layered them this is what happened

[worn hatch]

Youtube How to delete charts from TV and you would know

[worn hatch]

Exactly @open wigeon

[open wigeon]

but if i layer with gpbusd im taking a risk because i didnt really analyze the gbpusd market

but its so low nothing could really go wrong i guess

[worn hatch]

Ask a scalper these tricks 🤣

[oblique willow]

guys what time frame do you suggest/prefer scalping on?

[elder beacon]

You probably shouldn't layer if you arent confident

[noble crag]

You never know until it does go wrong

[worn hatch]

Between 3m to 15m TF

[open wigeon]

@worn hatch what do you think about layering on gbpusd right now? havew u seen the market?

[worn hatch]

Use HTF for trend direction and trade on LTF - Thatz how market works

[worn hatch]

I just trade Gold and I ignore currency

[open wigeon]

alright i layered

[noble crag]

I usually do crude oil & currency aint have enough money to get some good lots to trade gold though gold is easiest hardest pair to trade

[worn hatch]

Let the market rest in peace

It will still go down

[icy wraith]

king fisher why dont you trade 1 min

[open wigeon]

i already bought it but i guess im going to be profitable next week since i entered so low

[noble crag]

It’s sweeping back up 🧹

[oblique willow]

thanks guys

[worn hatch]

I do trade on it when its consolidating

[noble crag]

Doubling my position

[oblique willow]

took a short on s&p

[worn hatch]

or even a 10 secs chart too

[icy wraith]

i mean time frame you use only 3 minute and 5 minute?

[noble crag]

Let that volatility kick in 👀 GBP/USD 🚀

[open wigeon]

for real.

[worn hatch]

Depends on Vols ... sometimes 3m or 5m or 15m TF overlooking HTF

[icy wraith]

nice ill copy that to thank you kingfisher

[worn hatch]

Bearish FVG on 1m TF

[noble crag]

Volume of sellers lowering since they are taking profits, time for bulls to shine ✨

[open wigeon]

i think it will go up next weeek when the market opens. same with gold

[oblique willow]

so you just trading to make up the FVG? that the scalp?

[worn hatch]

Indeed yeah

[icy wraith]

its water fall to

[worn hatch]

but again with conflunence of the MatriX Osci as your bestfriend

[oblique willow]

wow...that is impressive

[worn hatch]

Let the market settle

[open wigeon]

gold is playing with my feelings

its sideways

[sinful elk]

Are these premium products?

[noble crag]

Alright done for the day 😂 I hope all you guys see is green 💵 have a great evening everybody

[void comet]

Where is link

[open wigeon]

can i leave a trade in while the market is closed?

[sinful elk]

Ok thanks… Do luxalgo have premium indicators for MT4?

[noble crag]

Yeah

[open wigeon]

Do you have gbpusd still open?

[noble crag]

It’s open till the moon 🚀

[open wigeon]

nah bro🤣 i mean did u close the trade or are u going to leave iut open over the weekend

[noble crag]

Yeah it’s open

I am waiting for that reverse dude 😂

[open wigeon]

it hit support and resistance already

so im just waiting for it to rise

[noble crag]

Look on the volume, buyers catching up, you will see some trend catching up slowly … GBP/USD 🚀

[open wigeon]

my TP is at 26996 is that too low?

for gbpusd

already bought it

[noble crag]

GBP/USD rising time for my daily silver bullet ♥️

https://tenor.com/view/bullet-shoot-gif-13155538

[open wigeon]

wherer did u set ur tp?

i think mines too low

[noble crag]

1.26480

[noble crag]

50%

[open wigeon]

that low? damn

[elder beacon]

Price respecting the .75

[open wigeon]

me waiting for gold just to reverse

[noble crag]

Market moves in waves so don’t expect it to hit 1.26900 in one move it’s gonna sweep liquidity on imbalances and consolidate downward

[blissful leaf]

hey @mild star please link your discord account to luxalgo: https://app.luxalgo.com/account/connect-accounts

[open wigeon]

gpbusd was a good call @noble crag

and gold isnt moving at all lmaooo

[hoary pebble]

would that be considered Martingale Trading which is ban from like TFT and a few other prop firms. "The Martingale trading strategy is a method of investing in which the size of the investment is increased after each simulated loss, with the expectation that a winning trade will recoup all previous simulated losses and produce a simulated profit. This strategy is considered gambling and is extremely risky as it can lead to large simulated Drawdowns and the simulated loss of all simulated capital if a trader experiences a prolonged series of simulated losses. "

[elder beacon]

Martingale is when you increase the lot size while layering

Your first position would be say .1 then ur next would be .2, .4, .6 and so on

[hoary pebble]

ahh ok so as long as you keep it the same you are fine

that was what I was trying to figure out

[noble crag]

GBP/USD pumping 🚀

[calm matrix]

Buy?

[hoary pebble]

or sell

I say flip a coin

[echo kiln]

This one is testing me

https://tenor.com/view/the-goonies-chunk-come-on-please-gif-15099442

Was hoping i would be done by today

😡

[noble crag]

😂 hold your hopes tight don’t let emotions get you

[echo kiln]

LOL

YUP

💯

[torpid ginkgo]

Zero emotions

[echo kiln]

https://tenor.com/view/elio-and-lea-gif-16841311517970792125

[noble crag]

Rule No. 1 -> There are no emotions in trading.

Rule no. 2 -> Don’t forget Rule No.1

[worn hatch]

and that is why I use 0.55 as standard lot

[noble crag]

Smart

[torpid ginkgo]

Can someone look at EURUSD 👀

[hoary pebble]

I use 2% so that is right around .28

[noble crag]

It’s a trap move for sweep 🧹

[worn hatch]

Yes Sir

Sign up on our site below for instant access.

https://luxalgo.com/

[torpid ginkgo]

Hmmm

[noble crag]

Gold rising slowly … 🚀

https://tenor.com/view/gold-joke-seinfeld-solid-good-one-gif-23737331

[open wigeon]

so is gpbusd

[hoary pebble]

now is back down 3 almost 4 points

[open wigeon]

its fighting its way up tho

gpbusd slowly going up.

[echo kiln]

Gold is just crazy at times

[hoary pebble]

it looks to me it went right to the smart trail and bounced:

[oblique willow]

what would have been the trading plan here ?

[oblique willow]

where you looking at the 2 grey areas for potential short?

[echo kiln]

I need price to take a path when it reached an OB level

[open wigeon]

gold still rising

[worn hatch]

https://tenor.com/view/bullet-shoot-gif-13155538

[noble crag]

🎯

[echo kiln]

https://tenor.com/view/ogvhs-woo-wooo-woooo-wooooo-gif-22674107

[worn hatch]

SB session start now .. last session for the day

[echo kiln]

for the week!

https://tenor.com/view/do-this-gif-18382134

https://tenor.com/view/you-got-this-yass-kween-friends-joey-chandler-gif-14754682

[hoary pebble]

5 minute looking good for a nice dump

[open wigeon]

are yall going to take out profits before the weekend or are yall gonna wait till next week with gold?

[hoary pebble]

I take out profit in like 1 minute or 2 minutes after getting in

[oak eagle]

Give away !100

[open wigeon]

damn why

[hoary pebble]

because I sclap

[open wigeon]

a scalper does what excatly?

[hoary pebble]

tired of having cold sweats at night hoping it is going to go my way

meaning I am in and out as fast as I can

only looking for maybe 20 pips

[worn hatch]

Enters and exit with 3 to 5m TF depending on the TF of the chart .. we look for 10-20 pips

[hoary pebble]

30 if I get lucky

[open wigeon]

is everybody here a scalper?

i got like 50 pips right now on gold

[worn hatch]

one spike sometimes 50 🤣

[worn hatch]

Not everyone thou but there are a few

[hoary pebble]

lets put it this way but for my heart it is better for me to just sclap

[open wigeon]

and idk if i should let it stay over the weekend or take out

[open wigeon]

reasonable

[worn hatch]

Scalper = Higher lot size + 10 pips or 20 pips = Higher profits

[open wigeon]

since im kinda new my budget isnt that high yet so yeah

[worn hatch]

See profits take profits .. that way you would be profitable

[hoary pebble]

that's exactly it as soon as I see profit I take at least 1/2 out

[open wigeon]

i dont know if i should take gold out. i got 50 pips put i feel like its gonna go up nxt week

[hoary pebble]

and are you going to get scared if it goes down to B/E

or what is your RR

[echo kiln]

YEAH!
Did you enter in the YouTube stream?

[open wigeon]

yeah obv haha

[oak eagle]

Yes

[open wigeon]

u gotta help me with that whats RR?

[hoary pebble]

risk to reward

[echo kiln]

risk to reward

[hoary pebble]

what are you targetting

[open wigeon]

high profit

[echo kiln]

🆒

[worn hatch]

How long have you been trading ?

[open wigeon]

trading with real money maybe a week but im kinda young

[worn hatch]

Too early to enter live markets .. start from here www.babypips.com

You need foundation to study in Trading

[open wigeon]

ive been trading on demo accounts for a while now

[worn hatch]

Do you understand SMC ?

[open wigeon]

yeah

[worn hatch]

What do you read in this ?

[elder beacon]

Is that free?

I need a little brush up after my break

[worn hatch]

Yup

[elder beacon]

W

[open wigeon]

i dont wanna embarrass myself around everybody here😬

[worn hatch]

it is a school learning process

[open wigeon]

but it hit the support and resistance

[worn hatch]

Nothing to be embrassed off .. everyone is here to learn

[open wigeon]

but thanks for the link i will look into it

[worn hatch]

This is how SMC works thou

[elder beacon]

Ik ur not asking me but idk how to use it either 😭 my guess would be wait for retrace to an order block

[worn hatch]

Either you draw the chart or use AI to create for you which LUX Algo does it for me

[oblique willow]

when trading this do you take TP on 50% of the FVG or do you just adjust your TP?

[shrewd sparrow]

@worn hatch you’re probably one of the most active helpful dudes on here. 🤙🏽🤙🏽🤙🏽🤙🏽

[open wigeon]

my choice would be lux algo

[worn hatch]

Indeed yeah wait for retrace to the OB or trade near the OB on the 1st FVG created .. look at the chart where the 1st FVG bullish was been created and price took off since then

[open wigeon]

atleast were on the same side

[elder beacon]

Also there's a choch+ isn't that like a strong positive change or character?

[open wigeon]

i dont get that too

[worn hatch]

I manually Exit fully from the trade .. I just look for my 20 pips .. no one can ever predict 50-100 pips on one go unless you are on HTF

[worn hatch]

Indeed yeah

[oblique willow]

100% make sense,

[sullen dock]

Let's go

[oblique willow]

live?

[worn hatch]

As a scalper I do not use SL but more of BE+ on all my trades reason 80% of trader loose money on SL when the trend was actually where you predicted earlier

So i use layering my trades

[prisma apex]

Yes!

[open wigeon]

@elder beacon are u daytrading?

[elder beacon]

Yeah

[oblique willow]

my only thing i can't get right is the correct lot size

[worn hatch]

#💱forex-chat message

[open wigeon]

u still have that trade open from earlier with gold?

[hoary pebble]

For me I would probably wait for the pull back to 2032 and then take it long from there

[queen sluice]

what if the price goes in the wrong direction right away

[worn hatch]

Depend on the Capital amount you have .. what ever lot size you use .. considering using half of the size

[elder beacon]

No I closed it at 2038.3

[worn hatch]

As said trade near the OB and with confirmation only

Focus more on WR instead of profits

[worn hatch]

Once you crack this you will know why I said it 🙂

[hoary pebble]

if you have a higher WR then profits come

then it is all about averging up

[worn hatch]

Which means if you focus on WR ... you won't blindly trade and would wait for the right entry to take trades which means 2 to 4 trade setup per day is more than enough

[queen sluice]

I can't quite understand it. It happens that there is a confirmation and the price immediately turns around

[hoary pebble]

and why I only trade 2-3 hours a day 🙂

[worn hatch]

For example Price rejection the OB to drop which created the 1st Bullish FVG .. Price came back to the FVG .. Grab liquidity from it and shooted up slowly by slowly giving you 40 pips easily

[queen sluice]

so you trade only near OB and wait for FVG?

[calm matrix]

Best indicator order block Price action 👍

[worn hatch]

Well it all depends on the market situation where is has Vols around whether on ranging marketing (5m TF and below ) or Normal Markets (5m and 15m TF)

I even look for BOS/Choch upon retracement along with FVG around

and then Matric Oscillator as your bestfriend

Check the confirmation above you get once you have the RSI+Macd combined as Matrix Osci as your bestfriend

[gaunt vector]

How does crypto trading work...I am in need of some assistance?

[hoary pebble]

#🚀crypto-chat

[red kraken]

Hi

[queen sluice]

He tries everything and it keeps failing. Maybe I'm just not fit to trade

[warm ivy]

Rising wedge gold m5

[oblique willow]

yep i saw it too

maybe it plays out

[open wigeon]

i just closed all trades. have a good weekend yall

[worn hatch]

You are fit to trade but do be on the chart the whole day .. Keep your emotions aside while trading

[oblique willow]

Who is the guy that is doing the live at the moment? @worn hatch

[sullen dock]

💯💯💯

[warm ivy]

might play on sunday

[iron temple]

@warm ivy has earned the Lux Level 2 role!

._.9982 just levelled up! 🤗📈

At this point you’re considered family here at LuxAlgo. We are so glad to have you engaging with other members 🤗❤️ Keep it up & you might just earn something special ;)

[queen sluice]

I sit at the chart all day until my head hurts. Maybe too long. Unfortunately, I can't eliminate emotions

[worn hatch]

@echo kiln and @zinc aspen

[oblique willow]

yep,

[oblique willow]

cool thanks

[worn hatch]

that is super bad in trading .. that breaks your Mental psychology in trading

After every win in trade .. stay away from chart for like 30m to an hour and later come back to see if you find a setup 15m before you begin your next trade

[queen sluice]

I am constantly trading on the 1 min chart

[worn hatch]

Come on Discord to chat like I do or watch your TV shows or look outside your window or do something to keep you busy and later come back to the chart .. Mark my words you would do better in trading

[worn hatch]

Scalping alot on 1m TF will only ruin your mental peace

2 losses in a row .. shut system and walk away or it would be considered as revenge trading

Trade smart trade safe .. work on your WR and not on your profits making $$

That way you would be profitable on a long run

Don't gamble in trading.. take your own sweet time to reach your goal

[crisp vapor]

I won

[worn hatch]

Don't compare yourself with others .. you never know what struggles they went in their trading career life @queen sluice

[worn hatch]

Won what ?

[hoary pebble]

I thought trading was an ATM machine

[echo kiln]

YES!!!!!!!!!

[crisp vapor]

The live yt giveaway

[crisp vapor]

I dmed you

[warm ivy]

Next friday is me 😁 🤝

[echo kiln]

Join us

[queen sluice]

I try to trade smart and safely, but it always comes out stupid and losing.

[crisp vapor]

How to claim it?

[echo kiln]

Ill tag @zinc aspen

[crisp vapor]

Ok

[worn hatch]

Go back to demo account and backtest with a strategy .. once you feel you good to go then come back to live account and stick to your strategy and plan

[crisp vapor]

this is the first time i won something 🥺

[echo kiln]

Join us

LOL

come on

lets go!

[crisp vapor]

Join what?

[worn hatch]

Was it like Q&A ?

[echo kiln]

Join us here on the inside by subscribing to LuxAlgo indicators

https://www.luxalgo.com/

[crisp vapor]

Yea i use them i will join

Done

[fluid gale]

Hello

[crisp vapor]

@echo kiln

[blissful leaf]

power hour stream with @echo kiln mickyfx right here right now https://discord.com/channels/641770286638694402/1178430832151638077

[worn hatch]

#💱forex-chat message

[languid siren]

@echo kiln YouTube sessions are not the same without you

[elder beacon]

This is actually pretty helpful

[stray vector]

@echo kiln where are recorded videos

[echo kiln]

The recorded Community Streams are located here https://discord.com/channels/641770286638694402/1199356285813006367
But to let you know, this is included for the subscribing members

[echo kiln]

appreciate the kind words 🙏

[stray vector]

I have premium subscription

Not sure what I need to do to be added to that. Thanks

[echo kiln]

Connect your Discord into the members channels here
https://app.luxalgo.com/account/connect-accounts

[fringe anchor]

hey guys im 4 months in forex market and currently working on smc indicator + sk system, i lost alot in the beggining and still loosing trades, need your advice plz

[timber temple]

I need a profitable trading

[echo kiln]

get rid of "sk system"
not sure what that is

🤔

(joking around here....)

@fringe anchor @timber temple
have a look here for an overview of LuxAlgo
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=sB--9PPVaniejm7G

[hoary pumice]

Can anyone guide me on how to use liquidity sentiment profile for day trading

[sinful elk]

does anyone use the buyside sellside liquidity indicator?

[echo kiln]

@sinful elk @hoary pumice Hey there....👋
You can browse around the LuxAlgo YouTube channel for some ideas
https://www.youtube.com/@LuxAlgo

[warm ivy]

Thats aloud speaker sitting on DXYs bearish daily order block... thoughts

[cobalt heath]

How do I get access to this pls?

[echo kiln]

This live stream took place about 16 hours ago.
But all the livestreams are recorded and posted here.
https://discord.com/channels/641770286638694402/1199356285813006367

[cobalt heath]

Thanks @echo kiln I’ll check those.

[oblique willow]

hey Micky trust all is well, here is several viedeos do we watch them all or?

[echo kiln]

Watch as many as you like.

I have watched them all myself

[oblique willow]

ok cool thanks

[worn hatch]

Morning Fam ☕

[sterile oracle]

has anyone on here ever used chat GPT to create pine code from combining a bunch of indicators?

[frosty lintel]

Everyday

[sterile oracle]

I have 3 sets of code that I combine coule be rather good on a 1min chart on gold for scalping

I already made one working peice of code

I cant remember but when I used to code they had study and strategy. Now I think the new verion they combined them?

I would basically plan to integrate this with lux.. to see if I can improve it. I dont have lux source code so it still is pretty manual unless I use a webhook

[frosty lintel]

Yah, use strategy.

[sterile oracle]

k

[iron temple]

@sterile oracle has earned the Lux Level Legend role!

martinbthetrader just levelled up! 🔥🥇🚀

You’ve made it to the top. Congratulations, we are super thankful to have you a part of the LuxAlgo community. <3 You are now qualified to receive the LuxAlgo Pro role which includes many perks. Keep it up & an admin may reach out!

[sterile oracle]

So I will combine them and see... Shoule be rather interesting. I have 3 parts of code. I will get ChatGPT to combine them and create signals for study and create a strategy... this is what happens to me when its a weekend...!

[frosty lintel]

I made one the other day for just oil, and gold.

Then I told it to convert it into a MT4 EA.

Then I backtested in MT4 and it was quite hilarious.

[sterile oracle]

I am looking for something that would allow me to stop trades happening when there is no volume

as they just stop out.

and cost money.

[frosty lintel]

It did a great job making the pine script, then converting it flawlessly. Just my logic sucked.

Wow, no truer words have never been said.

[woven parcel]

Does anyone pass here any prop firm account challenges?

[frosty lintel]

I just signed up for my first prop firm challenge an hour ago! I am so excited.

[woven parcel]

I hope it goes well for you brother

[frosty lintel]

Thanks!

[tame crystal]

Hi guys,
Anyone here who trade with the ICT Silver Bullet indicator?

[frosty lintel]

Are you in one?

[woven parcel]

Many brother

[frosty lintel]

I decided to go with the 5%ers, the High Stakes program. I wonder if I should of chose there Hyper Growth instead.

[woven parcel]

I would always recommend people to go with tft’s dragon challenge but each to their own

[frosty lintel]

Ill for sure try that next if its available to the US.

https://www.youtube.com/watch?v=rAZDeFUlrLY

[worn hatch]

Found in here #🚀crypto-chat but you need to be VIP member package to gain access

#👉welcome-guide

You need to buy the package inorder to access them

[queen sluice]

@worn hatch what does it mean if the price goes up and the MF is still in the red. How do we explain this? What is MF really used for in trading?

[oak eagle]

Where is the give away 🙃😏

[worn hatch]

The Neo clouds are actually the support level where in the price is dropping down but the seller are not as that much on a 5m TF whereas on the 1m TF ... Always remember LTF vols are way different than of HTF

[worn hatch]

Comparing your chart vs my chart shows way different as in the broker you might be using is a another broker with less data while the broker I am using in TV is Binance ... Make sure your using the better broker to give better explosure to data @queen sluice

[worn hatch]

What sort of give away ?

[open wigeon]

i know this is the forex chat but

ive read that i get 30 days of free lux algo trial when i buy it. is that true?

[blissful leaf]

very true

[prisma linden]

How can I get the aces of your latest indiacators?
Signals and overlays # price action and oscillator matrix

[icy wraith]

Hey everyone

[open wigeon]

So 30 days of with no payment only trial right?

[icy wraith]

I have a query about the ict silver bullet indicstor I’m new here

Can anyone help me

[blissful leaf]

30 dayds with payment but if it doesn't fit your needs, you cancel and request a refund

[blissful leaf]

by subscribing to luxalgo

[open wigeon]

maybe in #🤝support

[icy wraith]

Thankyou man

[worn hatch]

Shoot your problem

[prisma linden]

Okay where should I subscribe? Any link or social media platforms.

[icy wraith]

Actually would you mind if I dm you about it

[blissful leaf]

right here https://www.luxalgo.com/#premium-packages

[prisma linden]

Thanks man💯

[worn hatch]

I refrain from DM's thou .. Shoot your problem

[icy wraith]

It’s a theory problem though not a indicstor issue about tech

[worn hatch]

Trade on 1m and 3m TF for better accuracy

[icy wraith]

No it’s not that

Nevermind I’ll ask in a ict forum

[worn hatch]

Surely

[boreal slate]

If you saying rate

[queen sluice]

@worn hatch ok. J must check it but its very strange. J have conected tv to binance

[unkempt hearth]

I want a Luxalgo strategy that will be successful. Is there one?

[strong snow]

No

We are here to lose money, welcome 🎉

[tidal drift]

😁😁

[tidal drift]

I think there's a lux Algo strategy

@unkempt hearth but do you have your own strategy?

[queen sluice]

ok, J switched on binance and have the same result @worn hatch, do not know how to use money flow for trading

[unkempt hearth]

Water extinguishes fire. Luxalgo extinguishes loss. Is this true? Please help me not to lose. I want a strategy

It's good, but I want better. Is there any?

[sterile oracle]

Hi can I ask for which one? what required to sign up?

yes but to be more accurate you need very accurate openings and you need to know when to get out or you wont make the profit safely incase the trend changes

This was my friday.. I worked for a full 12 hours on trading... 6am woke up very keep preping for UK morning market on XAUUSD to get some trades in before 1.30pm GMT... After 3 hours of watching the markets and not showing me any thing funky, I started to watch news then evenually got hungry. Went downstairs to cook - still in pyjamas, had a shower then started reading about some different trading strategies and reading random news... 13.28, My alarm set off turned over to blookberg with the chart up.... heard the news and slalped for about 20 mins downwards.. made excellent profit, but my finger was sore possibly rsi.. I was so exhausted from this hard work, I fell asleep and woke at 3. I then had some brunch and with my belly so full I thought have power nap. Then I woke up and thought its too late for any friday evening trading and went out for dinner with the wife... Very hard 12 hr day

I always remind the wife how stressful and risky trading is and how exhausting it is to help stop her spending money

[worn hatch]

Learn to trade before you create a strategy

Having a strategy without a plan is pointless to even to take trades

[worn hatch]

Do you have an active subscription? if so; make sure your Discord is connected here: https://app.luxalgo.com/account/connect-accounts

[worn hatch]

This could help you Understand

https://youtu.be/ujisD2JieZA?si=MsNjcebZKwYKaGTn

@safe reef Hey do you wanna say something ?

Gold is overall Bullish on 1W TF

[queen sluice]

J have bee watching this film few times and still money flow is mystery for me

[icy wraith]

Good m traders!

[sterile oracle]

I have just written some code on pine. was good but it only trades once ever 180 days..

i will try again

too many belts and braces...

[rough herald]

Hey King, can i ask, from technical point of view, Gold is bullish in HTF. But fundamentally, dollar is stronger, how does it affect us as a technical trader?

[blissful leaf]

no. bye now

[glass solar]

Does fundednext allow layering?

[worn hatch]

All Prop firm allow layering

[worn hatch]

News trading .. economics .. Worldwide issues .. News manipulation

[worn hatch]

Take time to watch is again and again.. I understand the language would be a barrier.. have you tried YT in your language if they are available?

[sullen dock]

🔥🔥🔥👋

[sterile oracle]

@rough herald I think the best recommendation I have is to look at the economic calendar. As a technical trader, you cannot work out whats going to happen until an annoucement is made. Before then the trend could be up or down. For example yesterday with XAUUSD until 13.29 GMT the market was as flat as flat bread. Then the US announced good news and it went bonkers down. You could consider an NFP indicator to go along with Lux or suggest Lux add it into the indicator suite.....

Some brokers offer it also but I cannot recommend any one in particular.

[worn hatch]

You can suggest it here thou #🔍feature-requests

[sterile oracle]

I have been drawing with crayons's. I have created my very own Mtrader for dumies on LSD.... This basically shows me how long ot stay on a trade for, tells me when to exit when the volume plus the indicator there is there to enter and finally the exit and some random linke that Is using 0.689 as a future protection based on a fib...

This allows me to also see false signals.

one 1 min chart.

Allows me to set alerts and write of the ones not suitable for endering

I have been looking at the matrix. I wll test it out live tomorrow

using only confulence as indicators and ignoring the rest.

[rough herald]

@sterile oracle do you suggest to trade on 1m or 3m TF?

for scalping

[sterile oracle]

Well I cannot suggest anything

[rough herald]

i am currently on 5m/15m

i am looking at 3m/5m

[sterile oracle]

you still have to look at a 15m chart and 1hr one first to work out what the trend is.

then you can move to 1m or 3m

i choose 1m. its faster and possibly ieser to make mistakes if you dont pay attending to longer TF

the 1m allows you to catch large movements on gold very quick which longer TF would not show you until too late.

all down to style

as I scalp things with a bread knife!

[rough herald]

thank you for sharing

[echo kiln]

#🔍feature-requests message

TradingView has an economic event indicator you can enable within the chart settings.

[sterile oracle]

where can I find this?

where can I find this?

found it

so it did this.. yesterday...

[echo kiln]

Boom. Yeah!!

[icy wraith]

10 percent daily on 1 min chart prop firms will be broke to you guys

[elder beacon]

Probably been asked hundreds of times but what's the best broker for the uk with smaller accounts <£250

[karmic monolith]

Try eightcap, they are regulated in uk, australia, cyprus, and bahamas

Or somethig else but make sure its regulated broker

[spring idol]

very interesting, thanks...is this something u r willing to share? or is it proprietary....thank you

[elder beacon]

What's the difference between XAUUSD and XAUUSDmini

[worn hatch]

XAUUSD mini are futures

[elder beacon]

What's different about futures?

[worn hatch]

Ask in here #📈futures-stocks-chat they can explain you better as they trade and the application to trade is different too

[elder beacon]

Okay ty

[elder beacon]

Do you mean eightcap

[umbral oak]

Evening people I’m looking for the FASTEST lowest slippage lowest spread LIVE ACCOUNT broker. Capital about 100K. Can someone give a suggestion? (Not financial advice of course)

[sterile oracle]

if your looking for 500: 1 with low slippage and low fees

[umbral oak]

P.s. I’m trading GOLD

Yes

[sterile oracle]

vantage, or black bull markets

use vantage international not the uk one

there is also fp markets wo are ok ish

who

but if you use EA on it they will ban you for hyperactivity

[umbral oak]

Vantage. Nice thanks I’ll give it a try asking the for a LIVE demo account. To test it. I’ll only trade the news. 1 trade market execution with a software I developed

[sterile oracle]

black bull has an ea for new built in

and give free tradingview pro...

thats good thing..

[umbral oak]

Thanks for sharing

[sterile oracle]

but websote is clunky

[umbral oak]

I actually have my own software connected to definitive news terminal

It collect data and trade instantly based on the results

[sterile oracle]

thats great

did you write it

?

is it something like this its a free EA I just googled called Automatic news trader EA

?

[sterile oracle]

I am happy to share. Most of it is how you setup the indicators. I combine lux with these free indicators to build a decent picture saving me effort / brain power when trading. I only have to think of 3 things to enter a trade and the rest just happens until there is a huge movement and I have to stop on and keep opening new trades

I dont think I would be allowed to share the other indicators unless Lux would permit me.

but what i have build is based on Lux toolkit

[worn hatch]

Exness

[sterile oracle]

I found it as a free EA its quite good even gives a count down until the news

[worn hatch]

Morning Fam ☕

[neon ore]

Morning i need some suggestion i trade gold with supply and demand.volume profile and orderflow ...i risk 15 pips sometimes i enter too early this is why my stop loss gets hit, and shortly after, it moves in my direction i tried moving averages but moving average react late any indicator suggestion

[worn hatch]

Enter at SL .. simple or use layering and ignore SL

Are you scalping ?

[neon ore]

Intraday

[worn hatch]

Why would you use soo small SL ?

Intraday's SL are 50-100 pips while targeting TP's 300-500 pips

[sterile oracle]

What would you use for SL and TP for scalping?

on 1 min

[worn hatch]

With the lack knowledge on scalping with 1m TF you wouldn't be using SL in the 1st place but your TP would be set to 10-20 pips upon confirmation

[sterile oracle]

I tend to use a tailing SL of 20 just incase I lose concentration and I tend to use 25 due to broker fees..

I was once scalping and the door bell rang. A person trying to find the right house to deliver a parcel. Cost me 100 pounds!

[plucky stag]

If you scalp you never leave the pc until trade is done

Otherwise use higher tf

scalps usually last 15 min to 30 min max if your scalp lasts over 30 min just close the trade and look for a better trade

[sterile oracle]

yes I tend to.

if it last 15 mins or more you end up knowing you made a bad entry

[worn hatch]

Indeeed

[sterile oracle]

which pairs do you tend to scalp on?

I use the 5 major ones and XAUUSD

[plucky stag]

For forex i scalp eurusd,us100,us30 and gold

Anything else in forex i use higher tf for a daytrade

[sterile oracle]

what about EURUSD or GBPUSD?

They seem to move quite well. Also USDJPY has pretty big movements.

[plucky stag]

Read what i said

[sterile oracle]

you use higher time frames for everything else.

understoon

May I ask what drive you to make a decision on the time frame you choose?

[plucky stag]

Volatility

[sterile oracle]

oh I see that makes sense. I find 5m to be quite good.

I look for shapes of "mountains".

when I can see them with decent peaks, I tend to choose the timeframe

[plucky stag]

5 min is good for eurusd

gold is more volatile so i use 1 min or 3 min

Again these things change so check volatility before you enter the tradr

if gold is slow i will use 15 min or higher

[sterile oracle]

got it good advice

i guess the trend strength per lux should be over 70 percent to choose a time frame.

[plucky stag]

or simply use the atr

[sterile oracle]

ah true

[plucky stag]

Or adx

[sterile oracle]

I have not used that one yet.

[plucky stag]

Alot of choices pick what you like

You can also just see the price action

[sterile oracle]

yes that what i meant by "mountains".

have all the various patterns to help

[daring schooner]

test

[quick geyser]

How many trades to you take daily?

[neon ore]

I risk 15 pips for 100 or 150 pips

[turbid heath]

How much is each PIP worth?

[worn hatch]

That Day Trading but again you do not use tight SL

[rough herald]

Hey King, good day to you. I am actually using layering for my scalp as well. I just wanna get your advice, when is the time should i exit my trade since we dont set SL.

[rough herald]

Hey @plucky stag good day to you. I'm also trading the 15m during the sydney & tokyo session. And then 3m/5m during the london and NY session.

[worn hatch]

Target 10-20 pips remove few trades if lucky 30 pips and leave rest of the trades on BE+ on 10 pips if you want more 50 pips from the bottom layer

[rough herald]

Hi @worn hatch thanks for prompt reply. I trade 0.5 to 1 lot. Most of the time up to 10 layering. I sometimes have up to $1.8k to $2k losses before it turns green. I can say, most of my trades are profitable from average profits gain. I still think this strategy is still not sustainable.

what is your advice please.

All in all, out of 10 trades i took, i have 9 win. But is all based on average profit gains. I'm not sure if this is the correct way for scalping? or am i risking too much?

[warm ivy]

@worn hatch , @echo kiln Kindly help me understand how new impulse levels are formed by the indicator, (High Low levels). As in the screenshorts below, new low level was formed while the previous high remained after gold retraced to fib 50 level (equilibrium)

[worn hatch]

Add 5-6 layering every 10 pips drop and 4 layers at the end of the candle support to gain more on breakeven and less on drawdown

[warm ivy]

The new impulse formed before price made higher highs from the prevous impulse

[rough herald]

As mentioned above, i trade 5/15m TF during sydney and tokyo session, and 3/5m on london and NY session. Is that ok?

[worn hatch]

Well tbh I do not use FIB's but @plucky stag uses the most .. target the golden level on FIB which is 0.618 while your 70% level is 0.614

[worn hatch]

Do not trade Syd session thou .. spread are high and it will eat all your profits .. reason Aussie do not trade in USD but in AUD

[worn hatch]

And you can make all your profits in one session or maybe two .. do not stick on the chart the whole day .. it will mess your mental psychology

2 hours a day in trading is all you need

[warm ivy]

Am conflicted around formation of High, Low, equilibrium levels, how exactly they form or rather shift

[rough herald]

@worn hatch sorry king if i keep asking so much question. On the month of Jan2024, i had a 85% win rate. I was happy with my performance. But as we all know, the start of Feb had so much news and i lose it all. Literally all my profits for Jan and some of my capital. Then i started to doubt my strategy. It was during the time when DXY was up and i shorted gold with so much layering. And i lost it all.

So i was trying to know when should i exit my losses please?

[rough herald]

I will take note on that, usually during the sydney and tokyo session, i trade it slow, because i have my day work. So i am only very active during the london and ny session. which i will sit on my desk for up to 4 to 5 hours.

[worn hatch]

No worries in asking but do not overtrade .. trade upon confirmation and yes month of Feb has been manipulated 1st day went well but 2nd day was manipulated when gold was suppose to fall but it shot up and NFP it had to rise but US fed 🤧

[worn hatch]

What sort off strategy do you use ? Scalping or day trading ?

[rough herald]

my lessons will be not to trade during major news ever again.

i am more of a scalper

[worn hatch]

Then trade only on UK/US session only .. you just need the 1st 15 mins to analyse the chart before you take trades ..

[worn hatch]

Scalper do not need news trade .. we make more money than even day trader or Intraday ever makes

Even if you trading news trade .. enter and exit like a virgin 🤣

You come out in profits using High lot size at once

[rough herald]

but if i entered on the wrong side, and its gone. haha

what is your advice when to exit my trades for scalping?

[worn hatch]

Wait for the news to come and trade 2 mins+ after news to gain those vols to bag those profits 📈

Use forexfactory.com and CNBC or either one

[worn hatch]

Higher lot + 10 - 20 pips = Higher profits

Anyone can find 10-20 pips on any session throughout the day but no one can assume 50-100 pips move

[rough herald]

how about to exit my losses?

[worn hatch]

5 to 10 trades on 10-20 pips move is 50 to 100 pips of the day

[rough herald]

true enough, that is what gets me 85% win rate during the month of Jan

[worn hatch]

Trade the near the OB on the 1st FVG .. below the OB is your SL 😉

[rough herald]

thank you so much for sharing with me

[worn hatch]

5m TF scalping works wonders

[worn hatch]

Happy to help 🙂

[rough herald]

thank you, i was about to ask what is the best TF for scalping

thank you once again, you've always been helpful and kind

[worn hatch]

No worries 🙂

[rough herald]

You have a good day mate.

[worn hatch]

You too 🙂

[warm ivy]

this way

[sterile oracle]

many thanks to @worn hatch

[rough herald]

Sorry King, 1 more thing, I trade more confidently using PAC than S&O. i use OB and FVG for confirmation. But i still activate the S&O for further confirmation. But dont seems to use it. What is your main confluences when scalping?

[rough herald]

how are you @sterile oracle hope you had a good weekend too

[sterile oracle]

Yes pretty good one. Have been faffing about scripting some pine using chatgpt trying to combine two scripts. chatgpt 4 has a dedicating coding addon but its stil like dealing with a stubborn mule...!

otherwise time with family and kids

[rough herald]

Spending time with family and kids are priceless. I always make time for them.

[sterile oracle]

how about you

my kids are 5 and 3. both girls who mainly fight with each other and complain to me lol

they also wont listen to me

but the have lovely times too!

[rough herald]

Just had my dinner here, and kids have slept. So i am analysing on my trade for the past few days. Was a rough one.

[sterile oracle]

kids like mine are basically bi polar meglamanics with no fear common sense or logic

[rough herald]

Mine is 7 and 5. haha about the same

[sterile oracle]

thurs and friday were huge days on gold

[sterile oracle]

🙂

[rough herald]

I got smack hard by Gold on those 2 days...

it was hard

and its my beloved daughter birthday on the 2feb.

[sterile oracle]

is it possible you tried to pick which way the market was going and gut stung?

[rough herald]

Had the hardest day, but still have to put on that smile.

[sterile oracle]

if so I would recommend you wait for a pattern to form.

and look backwards...

[rough herald]

yeah, it was a stupid mistake. but i learnt it

[sterile oracle]

never predict the market especially around news days

and just follow the market. if its trending up only trade upwards on entry

and same the other way

never trade againt the market

[rough herald]

yeah, i promise myself nv ever to touch news day again. until i am very very experience.

[sterile oracle]

unless you a currupt bank

news day is fine. but wait for the news to come, see what the market does when its clear where its going trade withit

when you get a small pull back dont enter trades until you see it start moving in the trend again

when the candles start to form shorer towards the end make slower trades on entry.

keep taking profits and re entering so you can keep margin safe

[rough herald]

i lose it when the DXY was suppose to go up. and i thought to short gold was right. And i keep adding layer of trades to it. And boom...

[rough herald]

Thank you for sharing, i am always learning from this community

[sterile oracle]

we all are! 🙂 some know a lot and some know less. everyone start somewhere and end up somewhere..

[rough herald]

Happy to be here in this community where we still have kind people sharing. Was grateful

[sterile oracle]

I have been trading for for some years and still try to increase knowledge which changes my style

[rough herald]

i sign up for the ultimate plan figuring out the backtest system. But i dont think it works well with scalping strategy. Not sure is it me.

[sterile oracle]

I do pride myself on being one of the lazyest traders trying to automate anything possible. You cannot automate it all though

[rough herald]

I'm embarrased to say, but i traded for many years. And only start to be profitable about 6 months ago.

[sterile oracle]

the sime you feel you lost, was valuable in making the trader you are today

[rough herald]

thank you for the kind words. that really make my weekend.

[sterile oracle]

even last weeks trades you learned from

just remain disciplined and stick to your rules and add rules as you learn

the harder your losses, the more you will remember a rule!

[rough herald]

yeah, surely.. a great lesson learnt

[rough herald]

that is it!

[sterile oracle]

the market basically trains you like a very stubborn camel. eventually you walk lol

thats my weirdes analagy ever

[rough herald]

yeah, i've been losing for many years. But i did not give up. I just keep trying, until 6 months ago i started to see profits bit by bit.

But last 2 trading days make me doubt the way i am ever again.

[sterile oracle]

if you can isolate why the were back you can create rules

i am going back to my crazy coding:

[rough herald]

thats coooool

[sterile oracle]

then there is no reason not to lose hope

as you have corrected

[rough herald]

i'm gonna help out my wife with some errands now,.

enjoy your coding buddy

[sterile oracle]

have fun!

[rough herald]

all the best to your weekend

[sterile oracle]

and you

[rough herald]

chat soon!

[echo kiln]

I’m not understanding impulse levels in your description. Please clarify

[loud cipher]

Hi All, I am new to Forex and just wanted to check if below back-test strategy is fine to automate my trade as it has decent Profit ratio.

[worn hatch]

If you want to Automate your trades you may ask in here #🧬ai-chat .. There would be many who does that and could help you 🙂

[queen sluice]

J just find coinrule, good for automated trading but only for crypto. Just tested how it works for DEMO

I took any strategy from TV and tried to connect with coinrule on a DEMO account. If it works then I take luxalgo backtestin and start having fun

For now, it works, it's not about the results, it's about the fact that it works

[echo kiln]

LuxAlgo Backtesting Systems

https://www.luxalgo.com/backtesting-system

☝️

[loud cipher]

Thanks, but Just wanted to check if profit ratio is good to go based on below backtesting for Automation. I am able to Automate from Tradingview to MT5 for Automated Forex trading using SL, TP and Trailing SL.

[echo kiln]

This may help with some focal data areas depending on your style #🔥ai-resources

[loud cipher]

May I know how to set a lot while doing backtesting as I was not able to set and due to which my profit is in decimals

[echo kiln]

You can chat about the backtesters here #🧬ai-chat as well

[noble crag]

Anyone has any idea in forex rebate services and are they legit ?

[distant vapor]

Hey guys . . . Can you give best volume indicator for trade in the correct trend . . . It make you sure for you position and thanks all

[echo kiln]

I’m not familiar with these promotions, but compare them other forex brokers. See what the regulated brokers offer vs non regulated

[distant vapor]

@echo kiln can you help me bro !

[echo kiln]

The Signals and Overlays Dashboard with the Oscillator Matrix could provide a more indepth analysis instead of your traditional volume indicator

[warm ivy]

I was inquiring about how swings are formed but i just realised there is a settings with a default of 50 bars

[elder beacon]

Possible upwards move on usdjpy?? Price broke up past the previous high and started to reconcilliate on the high with money flow moving Bullish

Before u judge me I rarely do analysis like this 😭 I need to relearn this kinda stuff

[warm ivy]

I thought a new swing/impulse is formed after the previous i swing high is broken, the setting is 50bars

[distant vapor]

Whats this collor 🫠🤒 ... Do you love coffe

[elder beacon]

Yeah coffee is my fav

[echo kiln]

mmmmmmmm
Coffee

☕

[echo kiln]

Having price make a new high is different than price creating a new change of structure or a continuation of structure

Hope this makes sense.

[warm ivy]

Yes it does

[echo kiln]

This is why I LOVE enabling Strong/Weak High/Low

https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/market-structures

[warm ivy]

I just reviewed the script and am well informed now, thank you

[echo kiln]

Awesome

[open wigeon]

quick question about the different packages. if i buy the cheapest one i still get the signals when to buy and sell?

do i still get to see these with the cheapest package?

[worn hatch]

The cheapest one is Essential package which contains Price Action Concept indicator only

[open wigeon]

So i wont be able to see the signals?

[worn hatch]

Premium has 3 indicator

Price Action + Signal&Overlay + Matrix

[open wigeon]

alright thanks

[worn hatch]

Ultimate will have same of Premium but with Backtesting Indicators

[worn hatch]

Premium with S&O

[elder beacon]

What's this thing happening with prop firms that use meta trader?? Are they being shut down or do they just need to find a new trading platofrm

[worn hatch]

MQ will be shut in the US sooner or later

Ctrader will be introduced soon

[echo kiln]

MT was banned a few years ago (but back up) on Apple Store, for various reasons that focused on security.
So I assume, the prop firms are trying to clean up and avoid any potential issues down the road? considering this space had a few challenges themselves recently?
Just my guess....

(I know nothing)

[open wigeon]

could someone do me a favor and send a link for the best luxalgo settings?

[echo kiln]

There really isn't a "best set up"
But there are some great ideas you can try to optimize for your own style here
#🧠core-lessons
#📈must-watch
#1128499789437354106

LuxAlgo?

OK, it is best to connect with your subscribed Discord account

[echo kiln]

Sorry, that scammer was removed, please be careful as they will start to DM you

[strong snow]

Last year you mean.

[echo kiln]

Yeah

[sacred kelp]

Does anyone know anything about a 1 phase challenge for funding? Is it good or 2 phase is better?

[elder beacon]

1 phase challenges are stricter than 2 phase

On a 1 phase challenge you'll probably have a max drawdown of 2% where 2 phase is 10%

[sacred kelp]

On blue-guardian the max drawdown is 6% and daily is 4%

[elder beacon]

That's not too bad

💀

[sacred kelp]

Yeaa it does sound good

[elder beacon]

What's the pricing though?

1 phase will be more expensive

[sacred kelp]

Have a you every tried 1 phase? The price is $97 for 10k

[elder beacon]

I haven't used 1 phase I just cause I didn't want to spend a bunch of money at the time when I got my challenges

[sacred kelp]

Ahh ok fair enough 👍🏾

[elder beacon]

As long as the drawdown limit is decent sized I'd say its worth it

I think the firm i use the funded trader for the 1 phase your drawdown is 2% and that's really ass

[open wigeon]

quick question

does this look right to yall?

[echo kiln]

Sure just depends on your style if this is what you’re looking for

What’s the symbol and timeframe?

[open wigeon]

i just copied the settings in the tutorial video

[echo kiln]

Can you post a complete picture of the chart?

[open wigeon]

yeah give me a sec

[iron temple]

@open wigeon has earned the Lux Level 1 role!

saint.5077 just levelled up! 🍪

Welcome to LuxAlgo Level 1! Here is a cookie for contributing into the LuxAlgo community. Keep it up & thank you for being with us! <3

[open wigeon]

it doesnt show the oscillator matrix somehow

[echo kiln]

You have to add the oscillator matrix

Should be your invite only

[open wigeon]

yeahh im on it right now

i just want to have a clear tradingview to analyze

[open wigeon]

are your settings different? can i have a look on your tv?

[echo kiln]

Sure, I go through all my settings in most of the community live streams, which are recorded and posted here

#1199356285813006367 message

[open wigeon]

thanks. doesnt seem do have a big difference

[worn hatch]

Go to your chart setting >> Symbols >> Uncheck border and see the difference 🙂

[open wigeon]

it is already off but thank you

for the tip

[echo kiln]

Hey there I am not sure what you’re looking for, but I do go over my personal settings in the recorded streams

[open wigeon]

alright thanks

[daring schooner]

I know it's not showing up as me being pro but I am. I'm still playing with the settings. Good luck next week.

[echo kiln]

Did you try to reconnect here?
https://app.luxalgo.com/account/connect-accounts

[icy wraith]

Hi Micky, how I can get access to your shared links? for me it is showing as locked. i do have premium plan. is this something else?

[echo kiln]

I know why, you using the wrong Discord account.
I will tag your account here that is under the Ultimate plan
@feral copper

Login under this account ☝️

[echo kiln]

I do not show your Discord connected to your premium account.
You can connect here
https://app.luxalgo.com/account/connect-accounts

[elder beacon]

Potential long?? Price was rejected by the previous highs then came back to the 0.25gann level with money flow moving to the Bullish side

[open wigeon]

heard some rumours too for a potential long

[open wigeon]

its possible

[sacred kelp]

Thanks 👍🏾

[sacred kelp]

Yeaa 2% is defo too low

[elder beacon]

Just see how money flow is on market open I guess

[daring schooner]

Could it be possibly different upper or lower case?

It's not a deal breaker. Just I miss some page references and the title

[echo kiln]

The correct Discord is the one with the dot at the end

use that to connect in

The one that states "LuxAlgo Ultimate Discord Access"

[elder beacon]

I wonder if it's possible to trade only using money flow and bulls power, no chart 🤔

[daring schooner]

My friend claims to use only economics

[elder beacon]

I honestly wanna try it for fun

On a demo account ofc

[sharp venture]

any indicators for orderflow?

[open wigeon]

any predictions on gold?

[echo kiln]

@feral copper Will you ever logon into this account that is your Discord Ultimate? @daring schooner

Trying to help you out here

🤷🏻‍♂️

[echo kiln]

Oscillating Matrix

https://youtu.be/ujisD2JieZA?si=JHhwWsJsqbAkUapP

[elder beacon]

What's with the move difference?? God damn

Idk what you would call it but the one on meta trader pushed down way further than trading views chart this is the only thing I dislike about firms

[daring schooner]

I actually have tried (clicking )straight from Lux discord where it shows my discord name with ultimate and it sends me straight here. I've tried restarting my phone. As far as I know I've only had this discord name and it's what's shown on here and lux website.
I even clicked straight from the website where it says I'm ultimate and it brought me right back here

[elder beacon]

That's me done for today 🤭 profit target for this account is only 250 so I'm happy with that

[blissful leaf]

https://tenor.com/view/more-kylo-ren-adam-driver-screaming-star-wars-gif-17734637

[elder beacon]

More trading tomorrow when I wake up 🤭

[elder beacon]

I find this quite interesting oanda has a section where they show you success rates of different things, this shows win rate during certain hours

Best time to trade is between 6am to 2pm (GMT)

[daring schooner]

I was just looking at highs and lows and when they tend to switch. Cool info

Watching EU with a trend line alert. Probably will happen during London but there's a double trend going

[open wigeon]

aud/usd has some potential

[rough herald]

reversal trade?

[open wigeon]

i hope so

even tho i didnt buy aud/usd

i think its gonna happen

[rough herald]

i used to trade AU too. but i focus more on gold now.

[open wigeon]

me too but i was just checking the forex prices

and saw aud/usd. i mean it has huge potential to rise again

[rough herald]

there's always this big drop whenever this X reversal marker came out

[open wigeon]

facts

the trend strength is 68%

[rough herald]

which TF you looking at?

im at 5m

the trend strength is 82% bear

[open wigeon]

3 min

but 5 min is 82% bear thats right

[rough herald]

anyone looking at gold now?

[echo kiln]

Thats odd, because your screen shot shows the correct Discord account that is the Ultimate subscription, and you are using the wrong Discord account.
You have 2 Discord accounts.

Becasue with your Ultimate subscription, you have access to those backtesting Discord channels

@feral copper @daring schooner

So your really missing out on other exclusive channels.
What you could do is send a chat message to the account support on the main website, and they can take a look at this to help you connect your Discord account....

[daring schooner]

Thanks. I even tried accessing directly from Chrome. Will do it tomorrow. Hopefully it's something easily resolved.
I appreciate your help.

[warm ivy]

GM! traders🌞

[echo kiln]

morning

👋

[spark trout]

Anyone has encountered any problems with luxalalgo signal and overlay indicator. I receive the alert on my phone or computer but it is not showing on the chart. It is talking about a “repainting” issue .

I would not see the buy or sell signal on the chat.

[echo kiln]

I have not heard of any issues from others.
It also does not repaint, as it will confirm at candle close.

[spark trout]

Here is what it says on TradingView.

[rough herald]

Hey good day all traders

[echo kiln]

Can you show us your entire chart, with symbol, and timeframe, bar type, and settings etc.....

[echo kiln]

Hey hey

[rough herald]

hey mate @echo kiln how's it going.

its midnight there i suppose

[spark trout]

The Red signals were generated before the previous message shows up.

[dreamy narwhal]

That's the usual warning message TV displays if the script uses a certain Pinescript code/function. There is an explanation about that here: https://docs.luxalgo.com/docs/getting-started/setup-alerts#warning-message

Long story short it is nothing to worry about as Lux Premium indicators do not repaint.

[dreamy narwhal]

Kindly share your chart settings and your alert log - let's see what the issue is.

[spark trout]

You mean that?

[echo kiln]

Wuz Up 👋

[spark trout]

For example just received an alert on EURUSD but not showing on the chart.

[dreamy narwhal]

No. I mean this - share your chart then click Copy Link and post that here. Make sure to save your chart before sharing and leave the sharing button turned on.

Then post your alert log and setting so we can compare.

[spark trout]

Just received but now showing on the chart