💱forex-chat

[dreamy narwhal]

Let's continue on https://discord.com/channels/641770286638694402/702685056736559124

[spark trout]

Ok

[rough herald]

Hi Guys, with this type of liq grab. is it a good buy? provided that it is near the OB. and very strong support

its gold

[worn hatch]

Morning Fam ☕

[rough herald]

Morning king @worn hatch

Nice to see you here

[trim crystal]

Good Morning

[worn hatch]

It is a bullish Divergence on 5m TF but not on 15m TF

[rough herald]

Alright thanks mate

[worn hatch]

Gold 4H TF

Gold 1H TF

Gold 30m TF

Gold 15m TF

Gold 5m TF

[rough herald]

HTF still bullish?

[fervent flame]

GM

[frosty lintel]

Im longing gold now.

[frosty lintel]

2028.83 entry

[twin vigil]

What is?

[iron temple]

@twin vigil has earned the Lux Level 1 role!

jonathantb 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

[native bloom]

good morning bro ,now yes tu much setup , and time but yeah now is settings and setup with my strategie and help me to much now yes, is usefull for me

[rough herald]

is gold heading down to 2020?

it breaks the strong support of 2030

straight thru

[frosty lintel]

Yah I flipped my long to a short when it did that XD

Big ole OB at 2022 on the hour.

So thats where my TP is.

[warm ivy]

Sweet ☺️

[frosty lintel]

Annnnnd it just hit my TPs

[rough herald]

time for a long yet?

[frosty lintel]

I just rebought because of that OB

[worn hatch]

Not yet

[rough herald]

which level can i look at?

[worn hatch]

Check the 4h TF chart

[rough herald]

looks like 2018 lvl

[frosty lintel]

Nice catch

[warm ivy]

I just took partial

too early

the 4H FVG at 2021 made me make that decision

[rough herald]

at least still profit

i think based on news, gold is still very very bearish

looking at higher TF i thought the trend was bullish. but i was wrong

i lost too much on gold today, i confirmed my strategy dont work on gold anymore

[rough herald]

Can please give me some guidance@worn hatch

[worn hatch]

The price is pushing downwards direction .. do not look for buy unless you are scalping

[rough herald]

i scalp buy with layer. and i lost it

[worn hatch]

We are pushing down the bullish FVG and closer to the OB Support

[worn hatch]

See money take money - Scalper

[twilit vapor]

Kingfisher your holdiing your shorts

[worn hatch]

Focus more on 10 pips thingy .. but overall its bearish .. you should only looking for sell as HTF shows bearish

[rough herald]

ok noted King. thank you

[worn hatch]

I had 3 trades and removed also .. Got a job IRL + boss is around in the office 😅

And he is in a bad mood

[twilit vapor]

Lol

[rough herald]

i had my worst start of the week again....

whenever i start to short, the price went up. and i cut loss

[worn hatch]

That is coz you are oversizing your lot size .. What lot size do you use on the actual capital ?

[rough herald]

im using 0.5 to 1 lot

[worn hatch]

Capital Size ?

[rough herald]

25k

[worn hatch]

Thatz a alot of a $25K account

DD is $1250?

[rough herald]

sorry what is DD?

[worn hatch]

Are you trading with your own money or prop firm account ?

[rough herald]

my own money

[worn hatch]

ooh okay

[rough herald]

i lose alot king

[worn hatch]

Prop firm has DD called Drawdown

[worn hatch]

What is your Daily Profit Target ?

[rough herald]

my average profit T around $800

i have a 1:500 leverage

i know i over leverage it. and keep adding layer.

i just feel down

[worn hatch]

Do you have a plan ?

[rough herald]

not for now, i am very lost now

i traded losses for so many years. and now i am back to losses again...

Sorry for ranting here

i will stop if needed

i still have long position at 2030 which i dare not cut it now.

i'm just waiting for some reversal then i cut it with smaller losses

[worn hatch]

Let make a plan for you

You got $25K while you want is just 10% per month which is $2500 while we have 20 trading Days

so $2500 / 20 trading days = $125 Daily Profits

You only job per day is to make $125 only and anything higher is a bonus

$125 x 20 trading Days = $2500
$150 x 20 trading Days = $3000
$200 x 20 trading days = $4000
$250 x 20 trading days = $5000
$500 x 20 trading days = $10000

This is how you need to plan to Goal before jumping to make money

[rough herald]

thanks for the plan King, appreciate it.

I think my problem is not knowing when to exit

and i keep holding on, with layers which really kills me

[worn hatch]

10-20 pips scalping .. see money and take money

[rough herald]

so if it drop 20pips i cut losses?

King, i really wanna close my trade and have a good rest tonight. Do you see any reversal coming?

[civic ice]

Would I rather stop trading if I take your daily target?

[worn hatch]

Once you achieve your daily target .. Shut the system and walk away

[rough herald]

King, do you see any reversal so i can cut my losses small?

[worn hatch]

This is the update for now

[rough herald]

i think it is still the OB right?

that OB is my only chance

[queen sluice]

so GOLD should go to OB

[worn hatch]

Already informed earlier that Gold is pushing downwards @rough herald

[rough herald]

ok King.

thanks king sorry about all this

Sorry guys in this channel. Brother here lost too much today. Gotta turn off for now..

[livid flame]

Hello, I am looking for an indicator that can detect price consolidation and shuffle areas on the graph. Does anyone have a forced indicator gear to use?

[worn hatch]

Chillax .. you learn thru mistakes 🙂

[rough herald]

is there some sort of news coming today?

[worn hatch]

Yeah we do - PMI

[rough herald]

how does that affect gold in anyway?

say expected PMI not met, then we see a down in gold etc?

[worn hatch]

Gold 1D chart .. Candle is trying to push downwards

[fervent coral]

EURJPY short 1 hr chart - WAIT NY SESSION to re enter (SELL BETWEEN 160 - 159.80) TP 50 pips SL 15

Can any one see on thr chart (1 hr TF) please advice

@fervent coral

[fervent coral]

https://tenor.com/view/wow-surprised-face-little-boss-gif-alisa-gif-16133616529628653686

[iron temple]

@fervent coral has earned the Lux Level 1 role!

kdahuja 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

[fervent coral]

Thanks Mate

[unborn dirge]

Dollar start strong the week

[cyan cairn]

anyone trade GU or EU?

[fervent coral]

whts that

[cyan cairn]

GBPUSD or EUROUSD

[fervent coral]

ok , yes

both short

waiting on ny session

[rose surge]

yes im short EU too with a TP at that daily swing point

[fervent coral]

wonderful

[cyan cairn]

im waiting for buy setup

[fervent coral]

its better to short

bearish possibilties better

[rose surge]

stripping away all indicators i don't see any reason to look for buys here until there's clear rejection of that swing point

[cyan cairn]

Fr

[worn hatch]

Gold sell at 2030-2033 .. trade wisely

[fervent coral]

intresting

[fervent coral]

agree , waiting 2032

[rough herald]

thanks king

[fervent coral]

gbpusd broke 126 level , short for me

good luck, trade what u see i guess

[rough herald]

is gold slowly moving up to 2030 lvl then get ready for impact?

[open wigeon]

some ppl were even saying that its going down at 2027 for some reason

[rough herald]

yes im very confuse

guess we should DYDD on the chart,

[karmic scarab]

You guys prefer looking for E/U SMT with G/U or DXY?

[plucky stag]

I am on buys atm for eurusd,audusd and gold

[elder beacon]

Quick gold trades today

I have another position still with tp at 2030

[plucky stag]

I am on same gold trade

[fervent coral]

eurchf sell @ 0.93632 (1 hr) ny session ... mate do u copy

[echo kiln]

That’s great

[oblique siren]

Hey guys

just checking in

hope you're all doing well and your profits are high lol

[worn hatch]

Hello .. Any plan to join the clan again ?

[worn hatch]

So far so good .. How are your trades ?

[oblique siren]

not sure man, I've recently secured a placement job for my degree for June so i'm working towards that

I havent traded in a while

[worn hatch]

Oooh okay

[oblique siren]

emotions too high when i did and kept getting myself in mental slumps

[worn hatch]

Wishing you Good luck

[oblique siren]

not the best on emotional trading lol

I plan to rejoin in the coming months

if all goes well

[worn hatch]

Sweet .. Hoping to seeing you around

[oblique siren]

can't wait to rejoin the gang

[plucky stag]

the best way to handle emotions is to lower the risk per trade.focus on executions and the following your system and once you can calmly execute your system you will increase risk later on

[oblique siren]

thank you, i never stuck to a stratagy for more than 2 weeks since it wasnt working for me

which goes against everything King told me before

wasnt very cash money of me

but i've learnt my lesson on that

i'm paper trading on the side of my studies to focus on exectution and risk management

[worn hatch]

Use a Demo account with the same value you would use on live capital amount and trade accordingly

that way you would understand how and what should be done

try this for like 8 - 12 months and then come on live accounts

[plucky stag]

time for the gold buy qwq

[rough herald]

@plucky stag i'm still waiting for my recovery 😭

which lvl are you looking at buy

[plucky stag]

this level 2020-2022

if it doesnt hold we are done

[rough herald]

which lvl of resistance are we looking at if it support well on 20-22

[plucky stag]

thats up to you

idk whats your sizing or risk

[sterile oracle]

You could consider taking profit and watching for a pull back then read the price action.

Also Lux has an indicator which is quite good at telling you when to leave a trade

vue on XAU?

had a decent drop this morning

[rough herald]

dropping so much again

[plucky stag]

cuz it broke 2020 like i said

strong brearish momentum atm

i will wait for it to settle down

[worn hatch]

Hope you took the trade ?

[rough herald]

im still waiting for recovery king

[worn hatch]

Did you take the sell ?

[rough herald]

i didnt take any trade

i have no more margin

[worn hatch]

How come .. You said you had $25K

[rough herald]

yes, i have 10 position down

[worn hatch]

Damn

[rough herald]

yes damn

[echo kiln]

Whiplash Gold

[worn hatch]

I have no clue what exactly are you doing .. do not gamble @rough herald

[echo kiln]

Now that's a huge gap on the DXY

[plucky stag]

i scalped this short from 2018.5

gotta make back the loss xD

2020 was a key level for me so i respected my strategy and switched to short once it broke

it will flip long eventaully but idk when

ny sweeping liqudiity i guess

[sterile oracle]

The shape at the momen shows me two things

its still bearish

I am trying to work out if it has hit bottom

[plucky stag]

yeah

dxy is going up nonstop

[sterile oracle]

if it dropw below 2016 i would consider shorting

but that shape shows me that its waiting to be bought

the lates signal I have, If it cannotget below that first red line, then it will likley eventually go up this afternon

[noble crag]

Any insights on EUR/USD ? 👀 seems like it’s gonna explode 🤯

[sterile oracle]

one sec

[plucky stag]

this is monday alot of stop loss farming

[noble crag]

True

[plucky stag]

atm it just sweeping the downside

[sterile oracle]

this is on a 5m

its bullish

[noble crag]

1 hr for NYSE open, might explode 🚀

[sterile oracle]

yes

that and gold

[plucky stag]

eurusd we are at a 4h key level

i am waiting for price action to indicate reversal

[sterile oracle]

yes. i am not opening anything until the market opes in the US.

[plucky stag]

X is being printed on the 4h eurusd

[sterile oracle]

need to see what the US is doing

[glass solar]

2015 has liquidity pool too

[plucky stag]

i wanna buy gold now tbh but gotta be patient

[glass solar]

same xD

better of waiting for 2 days for sniper entry and take 300+pips and u good

[sterile oracle]

I am doing a quick short to 2016, then may be I will take a look.

[plucky stag]

if it closes above 2018 i will go for the buy

[sterile oracle]

Agree

[glass solar]

it wont until

its swept REL on 4h

[sterile oracle]

If it touches 2016 the next step would be 2013

[glass solar]

agree

2012 and 2009 maybe too

[sterile oracle]

I read that high 2008's were possible this morning

cant remember were

it will hit 2016

wanna see what happens

[glass solar]

just did

[plucky stag]

dxy is too strong atm

[glass solar]

yep waterfall straight down still

[sterile oracle]

2013 it is...

i am in

just taking profit and scalping down

[plucky stag]

we are inside this 4h ob atm

[noble crag]

DXY seems kinda strong from Fridays wave 🌊

Won’t let emotions play mind game this, would hop in with the trend

[sterile oracle]

it possible it dips a tiny bit and the US turn up and find it undervalued

[glass solar]

it has FVG at like 2050 it has to balance out

[sterile oracle]

yes

It seems that XAU has two cycles a day

in London it tends to drop

[glass solar]

yea kind of

[sterile oracle]

in US/LONDON golden hour it seems to have been going up

apart from Friday with the news.

[glass solar]

then waterfall

[sterile oracle]

yes

There is a decent EA that does news based trades

[glass solar]

news are just unique way to swipe liquidity

[sterile oracle]

it makes pending orders up and downfore the news and kills on of them depending on what the news does

[glass solar]

or if the liq has been swept just before news its gonna go up or down

[sterile oracle]

yes thats why its spead long and short around the midpoint

[noble crag]

It’s forming a Trap candle 🪤

[glass solar]

last year my trading introducement got my grades fcked up and am still here doing this instead of studying xD

[plucky stag]

well nothing to do just gotta wait it out

30 min until ny bell

[noble crag]

Yeah, I am buying the dip now, every sea has a bottom 😏… waiting for the 🔔 volume to ring in 🚀

[glass solar]

it can go as low as 2009 so careful

[plucky stag]

we are sitting the 4h ob atm

for gold

wait for price action on this area to confirm a reversal

[worn hatch]

Matrix Osci says bearish still

[noble crag]

Order book has quite a lot of bullish movement orders stacked up ⬆️

[sterile oracle]

what rate?

2018

do you scalp or ride it?

[noble crag]

69% long positions 🚀

[plucky stag]

ok gold

time for the long

[noble crag]

Scalp mostly but would ride till the trend

[plucky stag]

yeah i will most likely go for a scalp

[sterile oracle]

its going up slightly but side ways on 1m in general

[noble crag]

2028 area I would say it’s gonna do a trap 🪤 sell order coz of TP by scalpers at that range and gonna take the liquidity back out at 2030-2032ish range

[sterile oracle]

the short has finished

[plucky stag]

10 pips now

lets go

[glass solar]

2018 closure is crucial

[sterile oracle]

yes I think your right

[noble crag]

Here it comes 🚀

[plucky stag]

gonna aim for 40-60 pips to 2020-2022

[noble crag]

My brokers spread is 30pip on Gold 😭

[iron temple]

@noble crag has earned the Lux Level 2 role!

_nickatnyte_ 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 ;)

[glass solar]

u mean 3

[noble crag]

Nope 30

[glass solar]

bro what

so if ur longing on 2015 it puts u at 2018xD

[sterile oracle]

you need a different broker

i am in 2016

[plucky stag]

thats one scam broker

[sterile oracle]

2015

sorry

[sterile oracle]

205.130

[glass solar]

can drop lower still

yes 3pips

[sterile oracle]

2015.30

[plucky stag]

i am layering 2014-2016

[sterile oracle]

the short is doe its going side ways until 2.30

[glass solar]

it wont just explode straight up

it shouldnt be like that

[plucky stag]

welcome to gold

[sterile oracle]

Sell Gold @2017-2021

Sl :2023

Tp1 :2015.5
Tp2 :2013

[glass solar]

xD

[sterile oracle]

thats what I am thinking...

[glass solar]

bros gonna be liquidity in seconds

xD

[noble crag]

I am sticking to my analysis 🧐

[sterile oracle]

I am going to wait and see.

i am not even going to have a pending order

[noble crag]

⬆️

[plucky stag]

you guys follow your strategy

dont follow me

i do mine

[sterile oracle]

I have a gut feeling.. I will be sheep and folow te coured lines

i am not shorting.

i am going to have some lunch for about 14 minutes.. and sit and stare at a chart to keep myself occupied while i eat

[glass solar]

have a good time eating !

[noble crag]

Forming a doji on 4hr 😳 where all the bulls at ? 👀

[worn hatch]

40 mins from now we got Red folder

[plucky stag]

they are sweeping downside all day

lets see if the news is what we need

[sterile oracle]

the fed indicated they would cut interest rates...

if this is the case...

the goolsbee speach

[plucky stag]

lets gooooooooooo

[noble crag]

Gold is giving mix signals at this point 🤷🏼‍♂️

[plucky stag]

i am to 25 pips up from 2014.8

[noble crag]

2018.5 is a gonna be a downside sweep for 🪤 don’t fall for it ✅

[plucky stag]

40 pips

my first tp is the 5 min bearish fvg

[sterile oracle]

i have no open trades for 12 mins

I need to hear what they say

[noble crag]

2 more minutes 🚀 🔔

[plucky stag]

this is exactly why you are seeing the move right now

shorters are closing their positions

[sterile oracle]

so that means interest rates cut

[noble crag]

yes the order says 72% long positions

Volume is jaming up 🚀

[sterile oracle]

where do I see this?

[noble crag]

Your brokers doesn’t provide order book ?

[tight mountain]

Hi, which indicator is this?

[sterile oracle]

found it

[noble crag]

great

[noble crag]

Trap Move 🪤 Coming in ..

[sterile oracle]

goin for the long now? or 14.40?

if interests are cut, gold will jump

[noble crag]

Long I would say VOUME in bullish at the point

[glass solar]

wait be patient

has to retrace

[plucky stag]

i was layering 2014-2016 planning to exit at the bearish fvg at 2019

first tp

[noble crag]

It’s exploding 🤯 🚀

[sterile oracle]

2019 is the middle point

[hoary pebble]

the soonest you will see a rate cut is May but probably not until June

[plucky stag]

tp hit ✅

[sterile oracle]

it needs 2019.9

to get over this part then I think It would have upward momentum

i am still waiting 8 minutes

as I have no idea what will happen

i have no idea why they have annoucements...

they must have known what they will say months ago.

[plucky stag]

i had an average of 2015.5 exited at 2019

[glass solar]

do you have a strat u execute with?

[hoary pebble]

The U.S. Fed will start cutting interest rates in May or later, Goldman Sachs' David Mericle says in a note, changing an earlier forecast of an initial cut in March. Mericle still expects five cuts in 2024 and three in 2025, "because we expect core PCE inflation to fall at least a couple of tenths below the FOMC's 2.4% median projection this year," he says. Powell's interview yesterday is moving markets today. Mericle says cuts could start by mid-year, but that remains unclear. Anyway, he says, "we now see a greater chance of a 'later but steeper' path in which the first cut would come later than May."

[plucky stag]

ofc

[hoary pebble]

the 9:45 is PMI that will cause gold to either jump or fall

[plucky stag]

i am out of trades now

waiting for news

[sterile oracle]

same

this is the most excited i get while not doing anything

time has frozen

almost

seems punlic have a puny bearish bias

lol

gp up

lol

[plucky stag]

ez

[noble crag]

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

Gonna do my daily silver bullet

[plucky stag]

they have been doing nothing but sweeping downside thats why i was waiting for a reversal up

[glass solar]

i was waiting on retracement on choch but missed it sweet

[noble crag]

It’s Monday what else can you expect, I need to sweep the liquidity after disaster from Friday to rebalance before it takes out liquidity on top, won’t be surprised to see a sideways trend later in the afternoon, though confluence is bullish while order stack up on long positions, sellers will pause once Scalpers TP is hit ✅

[sterile oracle]

nothing down there...

[plucky stag]

never rush and wait

alot of people want to do same like you

and it is fine if you miss it ,you want a good R/R

[glass solar]

nah i know this happens

im just sitting on my hands and waiting xD

[sterile oracle]

I have done about 60 trades

going to let this finish at 57.80 and then think

ok steppout from gold trades

[worn hatch]

What a lovely short down

[sterile oracle]

got it!

[worn hatch]

Positive for DXY

[sterile oracle]

yes

2010?

[sterile oracle]

i caugth all of this up then down.. I might outperform friday god willing

[oblique willow]

Does anyone have anything on EU, we going lower or up?

[worn hatch]

Still going down

[calm matrix]

To 2030?

Tp

[sterile oracle]

2014?

2030 you mean on the long?

[glass solar]

2019 -2015 i have layered

[sterile oracle]

i have scalped and exited.

you have created pending orders I guess

[glass solar]

targeting 2030 as some partials and main targets are fvg resting at 2048-2050

[sterile oracle]

so you will get to 2015 then target up to 2030 after?

That seems very plausable

[glass solar]

hope so

[sterile oracle]

my next short entry is 2017

and looking to 2013 or so

i see why you picked 2015

[calm matrix]

Hm?

[sterile oracle]

that i think is possible

I am waiting to see.

its just reversed on the 1m chart

[hoary pebble]

which volume indicator is that

[noble crag]

On the right is the order book 📖

[hoary pebble]

thanks

[noble crag]

Np 😉

EUR/USD showing some momentum waiting for BOS & FVG to form 🚀

[blissful leaf]

@echo kiln got a stream up and running here! https://discord.com/channels/641770286638694402/1178430832151638077

[sterile oracle]

at this time of the day what does everyone trade on?

[glass solar]

@sterile oracle

Told u

U didnt go short did u

[plucky stag]

my eurusd longs are doing great

14 pips profit from my lowest entry atm

[glass solar]

Cartia

Waiting paid off

🤣🤣

[plucky stag]

we are in the daily ob for eurusd

i was buying it from the bottom

greedy and risky but hey man

i want the big RR

[glass solar]

Nice

Holding strong till atleast 100+ pips profit

[plucky stag]

yeah

[glass solar]

Bought at aprox 2016-7 holding to 2030 and then to 2040-50

[daring schooner]

I waited till 1.07359 but still happy

To get back to "normal" we need 1.08700

[plucky stag]

that was a good buy too like 1 hr close above support

[glass solar]

gold still going strong

[chilly mesa]

Bro any signs or update for gold

[noble crag]

Done for the day ✅ thx gold for golden hands 🙌🏻

Lucky I doubled my position at 2015.5 😤

[daring schooner]

test

Ok we're sorted

[noble crag]

EUR/USD ?

[daring schooner]

They finally sorted me out for ultimate on discord.
And or yes I'm long on Eur USD.

[noble crag]

Any insights looking to take on a funded challenge ? Which account should I go for ?

[worn hatch]

Depends which prop firm you looking for .. their leverage .. either some accounts allow news trade and weekend holding or not

[noble crag]

FTMO

FTMO swing allows 1:30 leverage and holding

Regular is 1:100 leverage but not sure on holding …

[echo kiln]

BreakerBlock holding on UJ

[worn hatch]

Regular does not allow you

[worn hatch]

Thatz your baby asset 😋

[noble crag]

Yeah no trading on news days and no holding overnight on regular 😬

Thinking to go with 120k 😂

[hoary pebble]

also be careful if you are from US with FTMO

I got my last payout from TFT

once support finished the check

[worn hatch]

They do not have $120K or maybe you meant $100k

[hoary pebble]

they are doing a lot of checks

so I am back on good terms with TFT and would recommend them again

funded pips is not bad either

[echo kiln]

Come on man.......painful swing hold

[worn hatch]

Just moving like a snail on 5m TF with Bearish Divergence near the resistance OB

[noble crag]

Yeah 100k

How much should I risk ? 1% or 0.5 ? Risk means trading with 1000$ on 100k account or 1% as stop loss and going all in with 100k 😂

[worn hatch]

Deifunded prop firm having a promo .. Buy and get one 1 + 50% discount - BOGO50

So you would pay like $234 for 2 $100K

[noble crag]

Dayum I should really look into some offers my other prop firms

[worn hatch]

FTMO never runs discounts .. very rare to find one and max discount would be 10%

[noble crag]

They are very legit amoung other prop firms though

[worn hatch]

FTMO has been the 1st prop firm in the industry since 7-8 years from now

based in Czech Republic

away from US & Canada issue on CFD thingy

[noble crag]

I am from Canada 🇨🇦 is it a problem with FTMO ? I heard about US clients cannot access

[worn hatch]

In papers Yes .. but there are traders who actually trade and get their payouts in crypto

Trade on VPS if you want a peacefully life 😉

[elder beacon]

Profits and losses today

[noble crag]

.20 is a lot ? 20,000 units right ?

[left sun]

Whats vps ?? Can you please explain

[noble crag]

Virtual Private Server

[worn hatch]

Virtual Private Server

Most trader use ForexVPS as a trusted source .. Google it and use trust pilot too

[cyan cairn]

anyone trade eurousd?

[worn hatch]

Already on the Resistance OB turning Support on 5m TF

[noble crag]

Holding for long

CHoCH formed aint looking good for scalpers they probably getting wiped out now 😂

[glass solar]

purging the scalpers XD

[noble crag]

Trap Move coming in for EUR/USD 😂 for scalpers again

USD/CAD short for a small scalp ?

[cyan cairn]

are u already enter?

[noble crag]

In since 1.07290

Doing a short on USD/CAD ez 1:2

Aiming for 2nd FVG and will hold 25% till drawdown to 3 FVG

Sellers entering in on the order book 💪🏻

[worn hatch]

US client have been banned from using FTMO products

[noble crag]

So I am good 🇨🇦

[gray path]

Hi @worn hatch what happens to existing FTMO account holders?

[worn hatch]

Totally shut

[noble crag]

They have been given time to close positions and exit all withdrawals

[gray path]

Funded accounts?

[worn hatch]

Everything from challenges to funded will be denied access

Only to US customers

[gray path]

I have FTMO funded accounts and my accounts are still active and I never got any direct information about my accounts being closed or to make withdrawals

I thought the ban is for new accounts

[worn hatch]

Is your KYC done on US address?

@gray path

[gray path]

Yes it is

[worn hatch]

Hope for the best

[gray path]

I'll reach out to them for clarification

[minor venture]

Did you all check the gold drop

2040 to 2015 lol

Nice drop from the London start

[echo kiln]

Oh boy

[hoary pebble]

and it is only certain states int he US that they are banning

nevermind it is all of US now and existing is fine

[glass solar]

We had a whole novel discussion bout gold 🤣

[echo kiln]

Either I smash the TP on AUS Fed Rate tomorrow, or I crawl back to my corner and stuck in this trade for another week....

[unborn dirge]

anybody give comment bout EU?

[echo kiln]

EUR/USD
Looks great on Signals & Overlays @unborn dirge

[unborn dirge]

Thank you G!

[obtuse owl]

Great chart, what's the indicator saying 60% strong low.
👍

Neo cloud is awesome, thankyou Lux Algo

[iron temple]

@obtuse owl has earned the Lux Level 1 role!

jase_yorkie 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

[obtuse owl]

Midnight in 20 mins, another Lux Algo day tomorrow, 👍👍👍👍

[echo kiln]

Hell yay !!
What will you be watching?

[chilly mesa]

Hey boss..retails sales for aud increased a bit so the xau..if rate decision kept unchanged by RBA..possible for xau also to go a bit down??

As rate probably unchanged n dovish by RBA

Kind guiedence will b appreciated pls

[echo kiln]

Hey there, I think im the wrong person for fundamentals on the RBA, Im not very tuned into AUD fed's bias, like I am with USA FOMC.
But it is obvious that I am in this long swing trade with EUR/AUD for about a week, hopefully in 2.5 hours, the rate decision will give me one more pump to the upside to fill my TP, meaning AUD going lower. If not, then unfortunately, I will be holding this swing for another week

[obtuse owl]

@echo kiln , has to be gbp/jpy my favourite
Winner winner chicken dinner 😜😀

[echo kiln]

Im looking at this too

[open wigeon]

usdchn is hitting

[frosty lintel]

Expecting that UC drop anytime today.

[echo kiln]

Here we go!

[open wigeon]

why should i be a scamm lmao

@frosty lintel

[frosty lintel]

Not you, there was a person spamming account management services. He’s been banned so his messages disappeared.

I’ll delete that.

[open wigeon]

all good. dont worry

[chilly mesa]

It goes other way around..eyes on meeting speech in 20 mints..thanks sir..honoured

[sacred kelp]

I toke a trade today on USDJPY. I was tapped in on my broker but not on trading view and then i was stopped out on my brother via mt4 but not on tradingview. Does anyone have a clue why it would be like that?

The broker on the tradingview and my mt4 are the same

[frosty lintel]

What chart are you using on TV?

[echo kiln]

I assume you execute your real trades on MT4 on your brokers account.
But TV is just for your visual, and you dont execute your real trades on TV.
Yes your TV charts have your broker feed, BUT, your broker decides what data they push into TV, as it may differ from their data they are pushing on their platform they use, MT4, to execute your real trades.

Many reasons why both charts differ, but what counts is the platform you are executing your real trades on, which is MT4

For me, I use integrated brokers with TV, so that I can execute real live trades direct on my TV charts that is integrated into my brokers account. So there is no question on my trade executions.

[sacred kelp]

Sorry what do you mean by what chart? As in which broker?

[iron temple]

@sacred kelp has earned the Lux Level 2 role!

faizal8510 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 ;)

[sacred kelp]

Yes thats correct i execute my trades on mt4 and just use the TV for visual

[sacred kelp]

Ok i get what you mean now. Thanks @micky

[noble crag]

USD/CAD long ?

[sacred kelp]

I find out it abit confusing to execute trades on TV. Although they have my broker on there. Would you say its better to execute trades on TV if the difference is like this?

[echo kiln]

Hold on, I got you

[echo kiln]

I only trade direct on my TV.
I would not have it any other way for myself.

[unborn dirge]

Today I expect EU go up with around 400-600 pips.

[sterile oracle]

Is that using a webhook to send it to MT4?

I managed to force Chatgpt 4 to convert pine code on trading view to an EA for mt4. Allows total automation lol

you cannot scalp with it though

[frosty lintel]

Glad to see you got it to work also

[hollow lagoon]

You sure it will be bullish today

[echo kiln]

Nope. I trade direct on my TV charts with integrated brokers like Oanda and TradeStation. Trades are executed on TV charts which are processed into my accounts at both of these brokerages.

I have never opened MT4 in my whole life.

True.

[unborn dirge]

Yep

Look at DXY

[daring schooner]

The only thing I have against trading directly on TV is the psychological impact. I'd rather focus on pip count than have my money constantly flash. I have forex raw spread 7.00 per 100k and IG which is kinda just spread fee and interest which is interesting 🤔. You get paid or charged interest based on the difference in interest rates per country. Bull you might loose some. Bear you might earn, especially those long hold players.

[unborn dirge]

You watch EU now?

[hollow lagoon]

yeah...where will it reach

[unborn dirge]

I set my TP at 1.07982. But i think for now in London Killzone will reach at least 1.07730

[worn hatch]

Morning fam ☕

[unborn dirge]

Good morning king!

[hollow lagoon]

Thank you

[unborn dirge]

Here. Take a look.

[west quartz]

you can change the settings to show pips not $

[worn hatch]

Gold 4h TF

Gold 1H TF

Gold 30m TF

Gold 15m TF

Gold 5m TF

[daring schooner]

Thanks!

[unborn dirge]

EU takes second FVG on 5 min chart

[daring schooner]

EU Weekly players consolidating pattern

[sterile oracle]

XAUUSD continues to be bearish on higher time frames. I at the end of each buy cycle for the next few hours on a 1m I will short and leave SL to trail.

I see camels at christmand...

[sterile oracle]

how many FVG do you use?

to enter?

[unborn dirge]

One, or max 2-3

I also look at DXY 1H always

And chasing liquidity

[sterile oracle]

what DXY indicater do you use?

[unborn dirge]

i do not use indicators for now

[sterile oracle]

ah i see

[unborn dirge]

i use only ICT Concepts and Support/Resistance lines

and Support/Resistance i use only on DXY.

It does a good job for me

[sterile oracle]

ah some times less is more!

in my case I have just added the DXY...

its the blue large line.

looks messy but I can see kinda what is happening

I also have volume arrows showing me pressure

[neon ore]

Gold is bullish on m15 but on m5 gold is bearish so do i have to wait for m5 buy signal?

[sterile oracle]

The shorter time frame 1min and 5min dont show you the whole store.

story

you have to look at 4hr 1hr and 15m

if 1hr and 4hr are bullish, and 1min / 5min is bullish. Wait for the bullish cycle to finish on the 5m or 1m and enter short

This way you are entering with the trend

[worn hatch]

LTF are for scalping but HTF tells you the big picture on trend direction

[neon ore]

How do u use orderbook

[sterile oracle]

have you added it in?

There is a grey part in the middle thats where the volumes of bull and bear are leveled

it will change in shape bottom or top heavy and you can see the orders on for each price level

so in this case, I can see a buy cycle happening... I have exited my shorts and taken profit. I will now wait for the buy cycle to finish and a short signal and re-enter after checking 15, 1h and 4h to ensure trend remains

this wont show massive moves though

you need news etc for that

[noble crag]

Silver Bullet CAD/USD

[sterile oracle]

ah let me see...

thanks

[noble crag]

FVG formed right over CHoCH, waiting on retest onto the FVG

[neon ore]

On m15 there is bearish divergence but m5 showing buy in this case do u wait?

[sterile oracle]

well the m15 tells you more direction.

the 1hr the same

and the 1hr the same

wait until the current 5m uward finishes then you can enter short.

also look for FVG its quite useful

get above the grey zone on vollume as well.

dont enter if its there

[noble crag]

I approve this ✅

[unborn dirge]

Guys, what you think bout ICT?

[sterile oracle]

the silver bullet and kills zones are very good

but watch for the longer time frames and FVG as the same time and volume

there is a good free one called the NWOG/NDOG from lux

[glass solar]

@sterile oracle

Hit tp 1

2017-2030

[unborn dirge]

Oookay my predictions goes wrong

[hollow lagoon]

its okay now lets determine how low its ghets

[iron temple]

@hollow lagoon has earned the Lux Level 1 role!

ggb74 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

[unborn dirge]

I still believe that EU will go Bullish

But I think it will be New York Lunch time. 11:00 - 12:00 NY KZ

If i get one more lose i get out for today

[sterile oracle]

I did that happened late at night for me

[glass solar]

Nice

U entered?

[sterile oracle]

this morning?

yes I am going short

[glass solar]

No yesterday

[sterile oracle]

yes I did

[glass solar]

Nice

[sterile oracle]

I traded until about 6.30pm uk timie

then I left some long trades open with a trailing SL to get to 2027

[glass solar]

I think we can see 1980 soon

[sterile oracle]

2008 will be an important one

[glass solar]

Since dxy high up

[sterile oracle]

yes its going very high

[glass solar]

Yea that too

[sterile oracle]

XAUUSD at the moment is having one of thoese wobble moment, Its grabing back before dropping again

[glass solar]

Yea

U do propfirm accont or personal?

[sterile oracle]

mine is personal

I have never tried Prop firm

[glass solar]

Ill have to since no capital tho

[sterile oracle]

Do they have lots of rules? what if my trading style is not compaitble

you dont need loads of capital.

[glass solar]

Yea some of the rules

[sterile oracle]

I think if you have to follow their rules its harder to make money

[glass solar]

Ik j dont but easier to snowball on propfirm accounts

Nah they aint that strict only some props

[sterile oracle]

They cost about $84

upwards

[glass solar]

Yea

[sterile oracle]

I might try one... but with my trading style I will probably break the rules

[glass solar]

What is it?

Only rules are like news trading and holding etc

[worn hatch]

Mainly DD - Drawdown

For example if you buy a $100k account if you in profits it calculates as initial capital but if your in drawdown then it is calculate on $5k account per day

Overall is $10k

[sterile oracle]

https://www.reuters.com/markets/commodities/gold-slides-jobs-data-dampens-bets-us-rate-cut-2024-02-05/

[sterile oracle]

have a look at the economic calendar.

[sterile oracle]

The have a max 4% draw down.

[worn hatch]

Which prop firm is this ?

[cyan cairn]

max drawdowm or daily drawdown?

[plucky stag]

had zero trades today ,was so busy at work

i only removed my longs from yday

glad i did early in the morning otherwise would have got hit by this dump

[sterile oracle]

funded trading plus.com

[sterile oracle]

daily

I was longing gold a little this moring

managed to get to 2027, I am not sure it makes 2030..

[worn hatch]

Those were my initial days into prop firm .. had got my $10k account with them .. got into payouts and later took that money and brought FTMO $200k last year .. Good old days

[sterile oracle]

ha ha

i have my own capital, so never was tempted.

[worn hatch]

Trading on own capital is another level

No restrictions or any sort of rules

[sterile oracle]

yes,, double edged sword

[worn hatch]

Withdraw anytime you want .. you are the boss of your own capital

[sterile oracle]

it makes trading more real

every loss you feel a knife going into your guy. Every win, euphoria with unicorns......

whats the view on XAU this afternoon? I see it dropping again as the people in the US are happy with Dollar. The only thing proping up gold is war in middle east and China disruption.

Would we see $2015 again?

[cyan cairn]

first trade of the week🙌🏻

[neon ore]

am bullish because there no traffic to leftside for buys for sellers alot of noise

[sterile oracle]

what number do you have in mind? 2030 or more?

[neon ore]

to 2030 if we break 2030 then 2040

[worn hatch]

Indeed yeah

[fervent coral]

nzdcad 1hr long NY Session , any one roger that

[worn hatch]

Gold seems to be Bullish on 15m TF

[echo kiln]

Hey there, looks like you got your correct Discord account connected.
Also, Im not sure what you meant by psychological effect trading on TV vs MT4?

[sterile oracle]

will it go beyond 2030 you think?

[worn hatch]

Nice shot upside 🚀

[worn hatch]

Go by the flow

[worn hatch]

2030 is the strong resistance level

[sterile oracle]

i agree... but I like to have a general idea

yes if for some bizarre reason it breaks 2030... it will go up.. I cant see why though

[echo kiln]

Higher, why not

No clue what gold wants to do

[worn hatch]

Just going by the flow

Gold 15m TF

[echo kiln]

pretty much, we are leaves on the surface of a river....

[worn hatch]

Bearish Divergence forming thou

Just confusing the Retailer when it is a clear buy trade in Gold on HTF

[cyan cairn]

guys how to join premuim discord?

[worn hatch]

it needs force to break 2030 resistance

[worn hatch]

Hello there, You already have the access to all Premium channels in this server

@cyan cairn Did you just subscribe to LUX premium ?

[cyan cairn]

yess

[worn hatch]

I remembered helping you in #📈futures-stocks-chat for US30 charts thingy

You may start from here #📈must-watch and #🧠core-lessons

For strategies in here #1128499789437354106

Hope this helps 🙂 @cyan cairn

[cyan cairn]

thanks ✍️ ✍️ 🥂

[noble crag]

USD/CAD double top forming ?

Gold seems to be on a drum roll like the hot chick at high school giving mix signals 🚨 😂

[green bluff]

Hello everyone!

[echo kiln]

wuz up

👋

[oblique willow]

@worn hatch @echo kiln do you have any pairs you prefer to trade?

[worn hatch]

Depends on how long have you been trading?

[oblique willow]

crypto 3 years, forex only started late last year scalping Gold and SPX500

[noble crag]

Any insights on GBP/USD ?

[sterile oracle]

can any one here see gold going any higher?

[junior tapir]

hey all...been practicing with FTMO for the longest and when was ready to take the challenge, they disallow US residents...smh....anybody here funded or in the process of getting funded? any rec's for prop firm that you like that allows futures and forex?

[daring schooner]

I have a goal to just enter trades 4 to 8 times a week going high to low. Anyone else do this? Days like today I would be better off snatching up 10 to 20 pips (Eur USD) but I have a bad habit of over trading lol and the market loves to grab some liquidity.

[echo kiln]

I have to admit, this is painful for me

[rough jungle]

ooo i like that colour scheme

[echo kiln]

hahaha, im always mixing and matching, cant seem to settle on something

[rough jungle]

ive noticed.. thats my fave one so far you've posted tho 👌🏽

[languid siren]

There's something I've noticed one PAC the indicator will first point out a FVG then come back retest that FVG level and then leave an order block after that the market will go down or up really hard of which I can see on ur M5 chart

[languid siren]

There's something I've noticed one PAC the indicator will first point out a FVG then come back retest that FVG level and then leave an order block after that the market will go down or up really hard of which I can see on ur chart

[languid siren]

Same thing here first FVG then order block FVG on that first 3buy signal

[echo kiln]

This was my hedge and I just missed the tag-in by just a bit. 😡

[daring schooner]

That sucks. I missed mine by 4 pips Monday.
Did you still enter or were you away

[echo kiln]

Didnt enter, i set my limit orders and thats it
I didnt cancel my orders yet, maybe Ill get tagged in on a pull back....

[noble crag]

3 min on 🔔 and I will analyze gold it’s giving mix signals

[languid siren]

Same thing happened here

[worn hatch]

isn't the indicator soo amazing

[languid siren]

It super freaking amazing I don't have it yet but with your posts a guy like me has managed to make some sort of strategy

[echo kiln]

https://tenor.com/view/join-us-girl-eyeglasses-gif-16990846

[worn hatch]

Sign up on our site below for instant access.

https://luxalgo.com/

[echo kiln]

Im waiting for a nice pivot LL to form, so I can frame this with my Fib for a short

(thinking.....that's all)

This one is framed up and would like to see price tag me in short at the huge FVG level

[sterile oracle]

will the redbook have much impact on XAU today? I cant see anything that interesting in there to make it move

[noble crag]

Gold seems bullish now …

Gonna bounce back after taking the liquidity from current range

[worn hatch]

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

SB session starts

[worn hatch]

DXY is dropping on 15m TF

and we got the bullish divergence too

While we are above the Equilibrium and so we are bullish with Gold on 15m TF

[open wigeon]

im happy for everybody who went long on gold

[worn hatch]

Lovely 60 pips

[sterile oracle]

yes

its broken 2030

2040 possible?

[open wigeon]

its prob too late for me to buy gold haha

[worn hatch]

Could be before SB session to end for Reversal

[open wigeon]

i hope its gonna hit 2040

[worn hatch]

2043

[open wigeon]

how can u be so sure

[worn hatch]

Look at the HTF trend on 30m and 1h TF

[open wigeon]

alright

[worn hatch]

#old-x-posts message

Check the news around

Compare your chart with @echo kiln chart

#💱forex-chat message

@open wigeon

[blissful leaf]

the long awaited live with @echo kiln is now on! tickets available here: https://discord.com/channels/641770286638694402/1178430832151638077

[worn hatch]

There is reversal on 5m TF be careful in Gold but 15m TF is still near the Resistance OB

it needs vols to break the HH

[open wigeon]

yupp im seeing the reversal

new candle stick is going up tho.

@worn hatch are u still in?

[worn hatch]

Im out at 37

i am busy scalping around 20-30 pips

[open wigeon]

did u loose ur hope for gold to hit 2042

[worn hatch]

I'm a scalper .. one bare loss for today on a $10k account

I buy low and sell high

[open wigeon]

damnn. that looks good.

[worn hatch]

I am playing on 3m and 1m TF on every candle

[open wigeon]

Im used to look at 5 min

[worn hatch]

i trade on all TF

from 15m to 10 secs chart

[open wigeon]

Im going to do a little challenge next week. Im going to start with 100USD

[worn hatch]

Small account small TF and big accounts on 5m and 15m TF

[worn hatch]

I did buy 2 x $100K accounts from Deifunded for $274 combined but I haven't traded yet maybe next week

[open wigeon]

I dont really< get how that works Your buying 10k accounts with 274usd hows that possible

[glass solar]

fisher

[worn hatch]

These are the accounts .. 2nd account is set on copy trading .. ready and kept but will trade on them next week

[glass solar]

about the minimum trading days if u for example dont plan on taking a trade on that day

u can take a random small lot position just to count it as traded?

[worn hatch]

$100K accounts

so Deifunded as an offer going on as in get one and get another one for free for 50% discount .. so I purchased one account for $274 and got another one for free

@open wigeon

[open wigeon]

oh alright

[glass solar]

@worn hatch

[worn hatch]

So every account as an expire date of 30 days if never traded .. so to keep the account active you can just place a trade of 0.01 enter and exit and leave that account to be traded after 5-6 months whenever you free to trade on that account full time

[glass solar]

oh i see

[worn hatch]

if you have cleared the challenge in a day or two and now you need to go to the next phase, their system won't allow you unless you meet the minimum trading days

[glass solar]

okay and what if i make more than the phase1 needs?

[worn hatch]

so to meet the remaning days you need to place one trade per day of 0.01 to allow the system to accept as counted day

[unkempt pond]

Is there anyone who can develop a EA

[glass solar]

ok

thanks g ;3

[worn hatch]

Some prop firm gives you 10% or 15% from phase 1 and 2

and some don't

[glass solar]

ah ok

[oblique willow]

if i may ask what is the account size? i see most trades are 0.25 lots

[open wigeon]

gold kinda going sideways

[glass solar]

fisher can u send 4h chart for gold and dxy please

[open wigeon]

im going short on gold now

[glass solar]

its kinda midle of nowhere xD

pdh is like 40 pips away

[frosty lintel]

Im shorting NZDCHF, hitting OB on 1 and 4 hour.

[open wigeon]

it should go down to 2032

[glass solar]

alr

[hoary pebble]

it will hit at least 2038 and then see what happens after that

[open wigeon]

i got SL and 2042 so im good

[glass solar]

alr hope u win that ✨

[worn hatch]

This is a $10k account size

[open wigeon]

thanks appreciate it

[glass solar]

im unsecure so waiting some more confirmations

[open wigeon]

i think that its gonna go up ands hit like 2038 and then go down again

[iron temple]

@open wigeon has earned the Lux Level 2 role!

saint.5077 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 ;)

[open wigeon]

so if it goes up i could do a possible layer

[worn hatch]

Already reached

NY PM session .. market will takes it's time to head there

[open wigeon]

i took my long out at 37😬

[worn hatch]

naked eye

[green bluff]

waiting for the sweep ?

[worn hatch]

yeah

it will still go up

[north sleet]

@worn hatch Hi just wanna ask something, you said that your strat is, take a position near OB on the first fvg, is that on OB first form or is it retracement to the first fvg?

[worn hatch]

An Example .. OB form and FVG been created and you entry level is from the FVG targeting RR 1:1 or even more too

Look the the level of Matrix Osci showing green as strong confirmation as a buy trade on 5m TF

if you compare the same on 15m or even 3m TF will show you the same

This is how the trade would be if trade on that FVG

[north sleet]

I see, so the entry is on the rectracement to the first FVG, so if the price doesn't retrace, that mean no entry right

[worn hatch]

Indeed yeah .. you need confirmation to enter

[north sleet]

I see

One more thing, also heard you trade different TF for buy and sell, would you mind telling me what TF you use for buy and what TF you use for sell?

[oblique willow]

@worn hatch you referring to this order block and FVG?

[worn hatch]

Referring to the FVG created on 5m TF after the OB formed

[worn hatch]

Whether Buy or sell I look at HTF for trend direction .. Like today all my trades were a buy trade only coz 4H and 1H TF was bullish even on 30m TF too

[north sleet]

But which TF you use for entry, i get it you use 4H & 1H for a direction, but as a scalper surely you use a smaller TF for entry right?

[worn hatch]

Yup .. So if the HTF trend direction say it's bullish .. so whatever TF on LTF you trade you would be only looking for a buy .. all candles are moving upwards direction

[glass solar]

We can soon see 2042-2050 potentionally 2060

tons of imbalance and liq resting there

[worn hatch]

Look for 2080

[glass solar]

yea liq there to

no news till thursday then we can see those levels taken out

[worn hatch]

We are already below the equilibrium level .. needs to see it rest above the equilibrium

to be a buy trade or bullish

[glass solar]

what about the orderblock

and pdh

[worn hatch]

Breaking the OB needs Vols .. Huge vols

[glass solar]

yea

[worn hatch]

on HTF

[glass solar]

thats caused on news so i suppose its gonna go down

after hitting the ob + pdh

[worn hatch]

Indeed yeah

[glass solar]

we need to see it react well

with wick and little to no time lasting there with displacement and volatility

its baiting ppl on going short cuz its 40 pips away from pdh

[open wigeon]

so yall think that gold is gonna go up?

[hoary pebble]

everything goes up

[glass solar]

yes

gonna go to 2052-62 if reacts from there can react from 2042 also

[glass solar]

if closure above and staying there can reach 2070-80

[open wigeon]

U think that this is gonna happen this week?

[glass solar]

patience is the key

i realized that as my most common mistake

[glass solar]

maybe yes maybe not well see ;3

[worn hatch]

LUX ALGO prints 90% of the job .. 5% is you analysis on every TF and 5% is the execute the trades .. As simple as it is 🙂

Trading is easy if you understand Price Action and PAC indicator shows you everything without the need of you drawing it

S&O tells you which candle has trend strength and Matrix Osci as your bestfriend

[neat steppe]

Question, would this be considered as a buy

near the purple area

[worn hatch]

What sort of Osci is that ?

[neat steppe]

I found a video on youtube going over the best settings

[worn hatch]

Already near the OB and Matric Osci print a buy confirmation as strong on 5m TF same TF as yours

[worn hatch]

Copy and save the chart

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

Hope this helps 🙂

To understand each indicator .. you may start from here #📈must-watch and #🧠core-lessons

[neat steppe]

ok so if it has a 3, is it safe to place a buy

[worn hatch]

that will give you an idea how it works

[worn hatch]

AI 3 and 4 are strong confirmation but you need to take the help of Matric osci as confluence .. when all analysis are met .. you take the trade

you should find the right setup to be profitable .. that get you rid of overtrading and loosing money instead of being profitable

[hoary pebble]

yeah never takea signal and just run with it. if that was the case they would never sell a signal

[neat steppe]

ok thanks,

[hoary pebble]

if the AI 3 and 4 were always winners you would keep that to yourself

[worn hatch]

If you have questions, do ask 🙂

[neat steppe]

thanks will do

[hoary pebble]

yes please ask 🙂 just don't go into blindly

[glass solar]

so u trade on order blocks and use signal conf to confirm trade

[hoary pebble]

I use the Oscillator

[neat steppe]

I really appreciate it, still getting the hang of it. So many mixed info on youtube explaining how to use it

[hoary pebble]

along with order blocks

[glass solar]

im doing naked ict atm

[hoary pebble]

I iuse the money flow from the Oscillator

along with orderblocks when I see the flow changing then I know to either get in or out

[glass solar]

it does majority of your job

i can better of understand fishers chart than mine xD

[north sleet]

I see, ok thank you @worn hatch for your explanation

[hoary pebble]

example my entry was the arrow up on the Scillator when I saw the monyflow starting to switch over

[glass solar]

yeah something that @wild kindle does

he has similar strat

i miss his nas100 journey as he documents everything 😢

[worn hatch]

Where ever he is .. hope he is safe

[open wigeon]

Gold is kinda boring right now

[spring idol]

Question if I may…at the entry mapped on this trade, osci HW is heading down, and the confluence bar on top is not bright green …you mention osci it is showing green strong confirmation… am I seeing this wrong?…just trying to understand, thank you

[unborn dirge]

Dollar is closed now. Normally

[vagrant oriole]

Mods Where can I get information on the indicators and how they work please?

[open wigeon]

i know everybody has different preferences but whats better mt4 or mt5?

[neat steppe]

MT5 layout looks more enhanced the MT4, i only use MT4 because my broker only supports it. But if I had the option, I would go with MT5

[open wigeon]

Im currently using MT5

[echo kiln]

Have a look here for an overview:
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=b_tolsrlxNgjQfCU

[icy wraith]

who is swing trader here ?

[icy wraith]

just try heikin ashi with signal and overlay and 200ema sell if below above buy 1 hour entry chart follow 4hr and daily occilator matrix align it

[worn hatch]

@echo kiln

[worn hatch]

MT5

[oblique willow]

morning guys....what we scalping today?

[sterile oracle]

I will generally be looking about for movement.

I will have a look at the economic calander

[worn hatch]

Look for sells only for now in Gold

[oblique willow]

What pairs you looking at?

[worn hatch]

I just trade Gold

[oblique willow]

ok cool

[worn hatch]

US30 is sell too

I'm not in front of the chart on the PC currently out and will be back shortly in few hours to share the chart in here

[oblique willow]

will check it out thanks dude