💱forex-chat

[sterile oracle]

never go to casino...

[rough jungle]

this is making me want to copy you ffs

[noble crag]

Russian Roulette 🤤

[sterile oracle]

unless you want to prove how gambling destroyes you

is that the spimney wheel thing

i go red or black

1 bet

either food or not food

[rough jungle]

might try it for NFP next week 🫰

[sterile oracle]

kebab 5050

[noble crag]

https://tenor.com/view/bet-casino-gambling-victor-polizzi-john-magaro-gif-15213368

[sterile oracle]

NFP u watched a documantary on southpark.. that poor prison guard he had a cartoon and no money

I have spoken to Biden

the short is not safe and you should all do nothing... and never copy me.. (kebab disclaimer.)

https://tenor.com/view/trump-excited-wwe-wacky-edit-gif-7692057

easy now...

15 mins?

to wtf?

[glass solar]

wtf just happened

[sterile oracle]

SHORTTSSSSS

[proper peak]

💥

Boom!!!!!

Party time

[jolly veldt]

Trade set to BE

Currently up 5%

[sterile oracle]

eating kebas

i have no book

i thought it was 3pm

what is this madness

i cannot eat so many kebabs

[rough jungle]

winner winner chicken dinner

[sterile oracle]

its true I also like chicken kebabs a moo quack bahhh is all fine!

its not even 3pm

and I am lonely and bored...

[rough jungle]

kebabs for one

[sterile oracle]

wife not and kids not back until 6...

ok let me look around...

this 3pm thing could be a thing..

[green bluff]

finally exiting the OB

[echo kiln]

yeah, lets see how long this lasts, we need ISM above 50 for the HUGE push

hold on to your pants

[plucky stag]

Enjoying the shorts?

[sterile oracle]

where should I look?

I want a kebab

[noble crag]

Is It’s above 50 points, Gold is gonna SHORT harder than before 💀

[sterile oracle]

what is ?

xau?

[noble crag]

Yeah

[sterile oracle]

ok let me see.

i will re senter the rabbit pit

[noble crag]

💀

[sterile oracle]

2040 tp

[plucky stag]

you know whats funny now gold is opposite to dxy

manipulation at its finest

[noble crag]

News seems in favor of DXY ✅ so it’s bullish for DXY

[jolly veldt]

Closed partially before news. Still set to BE on remaining size

[proper peak]

Let's have a good dinner

[sterile oracle]

ah haaaaa...

[plucky stag]

For euro i cant believe it is this ez just press short every HH retest

[sterile oracle]

i am having issue...

[noble crag]

Euro has been crazy this week

[sterile oracle]

too much kebeb, I will switch to pure veg... today I will now eat only chickens.

[sterile oracle]

mega layering!

USD is topped.. on X

so short?

[rough jungle]

ima stick a cheeky short on for news on gold lol

[sterile oracle]

am out...

[plucky stag]

ism in 1 min guys

[sterile oracle]

waiting now

chaos now...

clean book

bulll!!!

[plucky stag]

You need to do some cardio after all that kebab

[sterile oracle]

1 MIN

[rough jungle]

BOOM UJ

[sterile oracle]

I have a lovely k9, I shall ask him

[rough jungle]

Instant 3.1k

[sterile oracle]

first golden buy on day

[rough jungle]

fastest 3.1k ive ever made

LOL

[plucky stag]

I wanted to do that trafe as well @rough jungle but kinda didnt like the odds

Been eying it all day

[rough jungle]

gold instantly hit sl for -500

[sterile oracle]

you beat me and my path had more dangerous kebabs

[rough jungle]

im done for the day and having my fun gambling with news, taking my money and running

should of set UJ tp lower

[oblique siren]

Everyone survived the news?

[rough jungle]

Could of bagged 5-6k instantly lol

[noble crag]

✅

[plucky stag]

15 lots damn

[rough jungle]

On that note. Stage 2 of challenge passed 🙌🏽

[sterile oracle]

I cant watch more than 1 chart at once..

[plucky stag]

I wouldnt do 15 lots on news

[rough jungle]

Haha I usually do 30-40 lots on a 200k account

So it was only 1k risk if it went wrong way

[sterile oracle]

https://tenor.com/view/the-office-michael-scott-therapy-lying-down-the-other-night-gif-7311545

[plucky stag]

I do that too but not during news

[rough jungle]

I’ll gamble next week on my 200k tft seen as I don’t want it anymore lol

[sterile oracle]

14 kebabs

there is something missing in my life...

[plucky stag]

news always has a chance to do a gap

you get fked then

[oblique siren]

Casual activities lol

I'm walking home rn I haven't seen the effect of the news

What's the effect on gold

[sterile oracle]

i will scalp for 1 min and lose everything to break even

gold is going long

[prime garnet]

gbp

[sterile oracle]

ish... meh

[prime garnet]

news event

[oblique siren]

Ight ok

[prime garnet]

news event on gps

[plucky stag]

i usually do 20 lots for scalping but not for a news trade i feel it is too much

[sterile oracle]

USDX is now about to drop

[prime garnet]

gbp

[sterile oracle]

so buy a few

[oblique siren]

M did you get out of those shorts?

[sterile oracle]

yes they shorts got me out!

[prime garnet]

buy on gbp they are going to bullish premium market

[sterile oracle]

2046 hit

[green bluff]

Why that ? 🤣

[prime garnet]

they getting up there with push of news then there probably selling at premium

[oblique siren]

I'm not making any trades rn until I'm in front of my PC and I've got confluence which won't be for another 20 mins

[plucky stag]

Bro is desperate i think

[prime garnet]

what they bought on gpb

[rough jungle]

i dont like DXtrade what theyve converted me over too, so ill risk some capital next week now ive got 200k alpha account

[sterile oracle]

1 lot a go

[prime garnet]

@plucky stag check gbp

[rough jungle]

although alpha has just frozen nas price :/

when i entered a buy

[oblique siren]

Ew don't like it when brokers freeze prices

[plucky stag]

Nice pump cuz dxy wicked down

[trim crystal]

I love longing US100

[sterile oracle]

thats a monday thing for me to learn..

mean while i have 9 more kebabs

on 1 min

[prime garnet]

yeah gbp wendt boom

went

[plucky stag]

bro nq is simple press buy button for a month on every dip

It is just crazy

[trim crystal]

After baby sitting my positions, I will go out to eat adana kebap for sure

[prime garnet]

16.00 was there a news event?

[sterile oracle]

I had iskendar and kofte!

[sterile oracle]

15.00

[trim crystal]

Damn nice 😄

[rough jungle]

alpha frozen my trade and its hit TP, god i hate prop firms sometimes

Ooo it’s back 🙌🏽

[plucky stag]

Did you get out

[rough jungle]

just closed it now 🙂

[sterile oracle]

5 kebabs per oci...

1 min

[plucky stag]

Close the pc while you are at it xD

[rough jungle]

yeah im done for the day i usually stop at 3pm anyway

[sterile oracle]

Uk Based?

[rough jungle]

but @sterile oracle tempted me to do some gambling lol

yeah

[plucky stag]

i am just watching the show i could have jad the usdjpy but i was like fk it

I am bullish on dxy still

[sterile oracle]

I dont gamble. I only invest in russian rouletter combined with ukrainian vodka and kebabs while sitting in various shorts and long trousers.

[trim crystal]

Get into the gbpjpy train 🙂

[rough jungle]

wtf

alpha has just reset the trade back to frozen

[sterile oracle]

on jpy usd ... short

[plucky stag]

I missed the entry on it

I wanted to short near HH so badly

[sterile oracle]

i am stil scalping up on xau based on OCi..

[crimson rose]

So if I am getting alerted after bar closes here what would be the proper time to get in?

[sterile oracle]

until DXY correct on 1hr

[trim crystal]

You still can actually 189.539 is %100, 189.449 %90, 189.335 might also happen before weekend

Not the best entry tho

[rough jungle]

my nas still frozen LOL

[rough jungle]

you'd enter after bar close on the confirmation signal candle mate

[sterile oracle]

i see a DXY decrease...

[rough jungle]

watch my nas hit stop loss when it gets unfroze

[sterile oracle]

so what you are pairing with... watch that break or rejection

[rough jungle]

i just use my nas s&o strategy to trade nas

[sterile oracle]

since I made my profit I am scalping 1m xau and watching dxy 1 hr

and using oci for entry

[sterile oracle]

I have never traded nas

but I was suggested to today.

i am concerned that XAU will become angry with me

based on this XAU is looking at a short...

let me see 1 hr 15m and 4 hr

there you are.

I am preping to put shorts on...

[trim crystal]

Check out 5-15m DXY if you want to short this bull

Risky

[plucky stag]

Dxy went below 104

[plucky stag]

Enjoy the longs

[rough jungle]

Still frozen, maybe I won’t trade news on alpha account

[sterile oracle]

i will micro long

[trim crystal]

Longing gold and NAS for like ages 😄

[plucky stag]

I currently dont like anything atm i will just wait until monday

price re tags any of those cool fvgs

[sterile oracle]

3 lots on table

[plucky stag]

So is that a telegram bot

Or you are posting buy or sell

[sterile oracle]

i am buying

bazinga

based on 1 m

and oci

when the oci finishes I will quit

[plucky stag]

What is oci

[sterile oracle]

so long as LTF USX is long

oci is the ocilator

the bottom thing

[rough jungle]

i was tempted to long gold but its past 3pm now so im done for the day

[plucky stag]

Ok

You guys take care. I ma go have dinner and chill

[rough jungle]

Have a good weekend mate

[sterile oracle]

i would eat dinner, i will pretend to eat but Iwill hug the family

have a good one!

2063.65

1m

[trim crystal]

Have a good weekend everyone

[rough jungle]

you too

[sterile oracle]

k so....

now i quit as my wife will spend this on shiney fluffy things and I have to cook dinner!

k done i quit

[rough jungle]

Guys its time for Mickys daily stream, check it out here! https://discord.com/channels/641770286638694402/1178430832151638077 you don't want to miss it 😎

[plucky stag]

Gold going to the moon

[mossy harness]

Yeah but we just hit an OB

So this calls for a potential turtle soup play

Maybe...

[rough jungle]

should of entered my gold after all

haha

[sterile oracle]

noooo just when they tell you to leave you eat more chicken

[scarlet silo]

and here i decided to short. 😕

[sterile oracle]

nooooo

i ented long shorts with no shorts

never go vegan never eat chicken

no more 1 min scalp

wait for the oci

HL...

hmm ok then

wait and until oci drops

remember I was once afraid of 2100..

[rough jungle]

26 lots on gold

[sterile oracle]

to what tp?

[rough jungle]

thats what you got running

[sterile oracle]

I am re-entering when the oci changes?

yeh i switched

scalping on 1m

and watching dxy

[rough jungle]

haha smashing it

[sterile oracle]

i thought we were quitting for the day?

[plucky stag]

i entered at 2080 for the fun xD

[sterile oracle]

i even turned veg and started eating chicken

[plucky stag]

short

[sterile oracle]

2080 log?

[rough jungle]

i have, im on the live stream of mickys now

[sterile oracle]

long?

[plucky stag]

2080 short

[sterile oracle]

yeh

[plucky stag]

got nothing to lose

[sterile oracle]

2080 enter.. and maybe monday morning 2050 out?

[plucky stag]

very small sl if it breaks 2083

[sterile oracle]

2083 has not air

[rough jungle]

i dont like holding trades over weekend

[sterile oracle]

its costly

[rough jungle]

but id take short monday at 2080 fo sure

[sterile oracle]

but the asian market just consolodates

or does the opposite

[plucky stag]

i have no swap fees on my broker

[sterile oracle]

the asian market will go nots and sell at 3am

nuts

[sterile oracle]

🙂

[plucky stag]

30 pips profit already xD

[sterile oracle]

ok there i go

I wil short 3 lots

[plucky stag]

would be awesome if i can get 100 pips out of this

[sterile oracle]

to cash out at 2060

monday pocket kebabs

ok also i was a little pre

so randomly...

there is a chance i make 2 pounds..

this is more important than all of my kebab profit

tbf dxy wants 103.7 before shorting..

[oblique siren]

Gold back up at 2080

[plucky stag]

yeah insane xD

like from few hours ago it was 2047 now 2080

[oblique siren]

did you get your 30 pip scalp?

[plucky stag]

thats over 300 pips

yeah i take partials

[oblique siren]

on the short from 2080?

nice

[sterile oracle]

I went short on mine

this will take hours into monday

comes out of my 2600 profit...

its not going to 2100

so i am well fed

so

l will leave this

and put more in during weekend

it will max soon

[oblique siren]

damn 2200 as a sl? when was the last time it hit that

must've been years ago

[sterile oracle]

none of my SL are real

they are incase i die

[oblique siren]

a figment of my imagination

[sterile oracle]

lol

[plucky stag]

gold is so stubborn man like if you look at currencies they are alreadyy chopping and falling

this thing is just crazy

[sterile oracle]

the asian market will sell while I sleep

then buy when mon uk market opens

they will consolodate

[plucky stag]

there is asian market on friday?

[sterile oracle]

there is nothing to justify XAU rish now

its OB

no asian market night time sunday

10pm GMT

[plucky stag]

ah ok i got you

[sterile oracle]

they will short

XAU is over valued now

and DXY is over sold

[graceful glacier]

gold is crazy rn

[plucky stag]

i think there is gotta be more to it than this

i am looking up war news

[graceful glacier]

-2.300

SL 2084

entry 2080

letting in run

its litteraly

not cooling down

xd

[plucky stag]

thats why i said you dont throw yourself into a bullet train

just cuz the price is high doesnt mean it will stop

[graceful glacier]

ur right

[plucky stag]

you wait for a rejection

i saw a rejection at 2080 thats why i took a trade and got 30 pips

[graceful glacier]

i somehow gambled

i wait now and beg for luck

[sterile oracle]

look ...

short.

when DXY hits LL

15 v 1 hr

that is a danny devito

ok cack at 9pm... lets see

gmt

[plucky stag]

2085 seems cool for a brave try to short

but i still see no rejection

[sterile oracle]

i am protected

lets see

[oblique siren]

gone through 2085

[prime garnet]

ICT talks about liqudity that is formed with lower lows and higher highs, liquidty market, then SMC scoops up the liqudity and trades off it, can someone please help me

[granite goblet]

Gold is expected to fsll from 2085?

[plucky stag]

no idea

if you are newbie dont trade gold

you will lose all your money

it is a possibillity

but not gaurnteed

[granite goblet]

if it 2087 it may go upto 2093

[plucky stag]

ok i am seeing the rejection

lets go

keep in mind this is only retracement

nothing more

[oblique siren]

can confirm, blew an account last year doing it

[granite goblet]

it is expected to fall till 2079?

or it msy fall even more?

[plucky stag]

idk

can just keep going up

trade at your own risk

[granite goblet]

hmm

[plucky stag]

i am no prophet ,see the chart

if it goes further then it goes further

ideally we see 2072

the only positive thing atm for sell is that we have sellers now

previous candles had zero sellers

it will prolly chop around then sell off

or one smooth sell idk

price doesnt just go up so i think it will cool off at some place

over 400 pips in one day xD

[strong snow]

Actually it might drop a lot

Just before market close

It has before...

[plucky stag]

yeah hopefully

there will be profit takers

i think

[strong snow]

Yeah for sure 👍

Dang I entered at 2080 😬

[graceful glacier]

somehow i cant get in

[plucky stag]

not a bad entry imo

[graceful glacier]

i place, it fills, it automaticly not in

[plucky stag]

it is just market is too strong today

look at nq

[strong snow]

Could actually put some layers to it

[graceful glacier]

2024.03.01 18:23:26.289 Trade
581295: order #54755523 sell limit 20.00 / 20.00 XAUUSD at market done in 199 ms

but im not in?

xd

[strong snow]

Bearish divergance and catcher flipped to red

Though strong bullish money flow

[plucky stag]

money flow always lags

[worn pagoda]

I took a sell at 2084, lets seeee

[plucky stag]

i got sell at 2084.8

[graceful glacier]

my ordere was filled

but automaticly closed

instant

somehow

[strong snow]

Well at least it looks like it slowed down

[plucky stag]

yeah

it will prolly chop now

then fall

or bounce we get fked

xD

[worn pagoda]

It's too late in the trading day for it to keep going

[sterile oracle]

wait for asian market

this is ob

[worn pagoda]

I expect drop to 2075 within 2 hours

[plucky stag]

there 4 hr candle closes in 80 min

thats when i expect a retreacement

[sterile oracle]

then I wil sleep for 80 mins

and quit lol

[graceful glacier]

im finally in

[rough jungle]

have a brilliant weekend guys

[echo kiln]

?

[granite goblet]

oh , good

[echo kiln]

🚨 Scammers, and fake accounts are prevalent in all social media platforms, and Discord is not immune to this as well. Be safe, and never send any form of crypto or money to anyone that contacts you via direct messages. All LuxAlgo official content, products and services are offered direct on the main website of www.LuxAlgo.com
🚨 We encourage ALL members here to go to your Privacy Settings for this community & disable direct messages & direct message requests so you can avoid any possible spam at all costs.

[oblique siren]

was not gonna click that link

[elder beacon]

Anyone know how tax on forex/crypto works? When I look online everything says different things

[oblique siren]

if you're using spread betting in the UK, its capital gains tax free

and stamp duty

but CFD trading is only stamp duty free so you will need to pay tax

[elder beacon]

I use spread betting so I don't need to pay tax then

Everywhere I saw was so confusing some said u pay some u don't and some were saying you pay both income and capital gains

[oblique siren]

if you're based in the UK

spread betting is not taxed since you are betting on the direction of the market, not actually holding underlying assets

[elder beacon]

Yeah so you only pay tax if you technically "own" it

[prime garnet]

could it be possible on gold

market makers right now are trying to create turtule soups

by "liqudiating" the area

thats why they are forming high and lows?

in fact there is so much liqudity down there that market makers have missed on, are they trying to make retail traders buy more buy and then what they will do is drop down so that they can liqudiate their postions?

profiting from it

[strong snow]

Yeah they been busy watching ICT lately

You know Cuz we retail traders are moving the market big time

[prime garnet]

huh wdym?

plus its new york seassion, you should excpect a retracement any hour from now, thats my theory at least

i think if they were moving price you would have seen skyrockets.

Fair value buys = Sell

Fair Value Sell = Buy

[wild kindle]

New strategy is born 👍

[worn hatch]

it's been a long time .. Where have you been ?

[wild kindle]

Got tired of adrenaline scalping…. Tried to figure out something more safe thanks to @echo kiln Neo cloud applied on 1 min time frame with 2 s&o medium and long term …. Todays 9-0 win rate. It’s not always like that but is pretty profitable

[worn hatch]

Amazing as long as your strategy's work well and stick with it without changing it

[wild kindle]

Yes… but was realizing that sometimes I was missing long trades and higher profits …. Neo cloud helps keeping yourself in the trade with a feeling of safety (ok you are never safe but…. At least the feeling is there 😁)

[prime garnet]

hey @worn hatch

how you doing bro

[worn hatch]

Stream by @echo kiln are better to learn and implement them

[worn hatch]

Hey .. All good and you ?

[prime garnet]

yeah, just entered a sell on gold

their probably going back to fair values

[plucky stag]

2min left in this 4h candle

[worn hatch]

1.5 min left for 4h new candle

[plucky stag]

it sold off 40 pips from 2089

[prime garnet]

yeah, gold is on peak

it wont go any higher

plus its new york seassion right now

[plucky stag]

yeah like i said the best time for retracement is when this 4h ends

[prime garnet]

it ended

just saw it

[plucky stag]

it might do a retest then fall off otherwise it will just keep going

[prime garnet]

impossible

they are over premium market by lot

[worn hatch]

Was watching this from LUX social media

LuxAlgo just posted this on X!
https://twitter.com/LuxAlgo/status/1763597313799323914

LuxAlgo (@LuxAlgo) on X

$XAU making a break for it 🚀

Eyeing $2080. Beyond that, We'll be in major rejection territory from December 2023. 👀

Twitter · Mar 1, 2024, 4:09 PM

[prime garnet]

they dont even have high or low candles

[plucky stag]

there is no premium in a bullmarket

[prime garnet]

but either way

its going to 📉

@plucky stag 1h

look at 1h tf

there is a red candle forming

[plucky stag]

sure will see

[prime garnet]

what i will do once price drops and keeps dropping

i will set my stoploss

because i think this shit will go down back down to next week

maybe we will see it go down on monday

or today partially

[plucky stag]

i have sells at 2086.7 and 2087 ,been scalping this slowly

[worn hatch]

We are heading to 2095

[plucky stag]

yeah

then 2100

but i still think 450 pips in 1 one 4h candle is too much without a retracement

[prime garnet]

there has to be a retracment

[worn hatch]

There is an ongoing conflict happening for Gold to shoot right up

[prime garnet]

thanks for info

[plucky stag]

my first tp is 2080 then 2075 then 2072

[prime garnet]

i set my stoploss

in case price shoots

[plucky stag]

if we break 2085

we should be heading there

[prime garnet]

impossible without a retracement

markets dont stay too long in premium zones

but it can bulid up orders

to premium zone

with retracement.'

[worn hatch]

We shall wait until the 1D candle to change in about 2.3H TF

[woven ocean]

@worn hatch Sir can u pls help me

[echo kiln]

Ok so the dollar didnt want to play today

Why should I expect anything more?

[woven ocean]

@echo kiln sir how get access in lux algo ?

[echo kiln]

Take a look at these plans
https://www.luxalgo.com/#premium-packages

[strong snow]

How much does it cost and why is it free?

[echo kiln]

Can you please clarify?
The subscription plans are here
https://www.luxalgo.com/#premium-packages

[woven ocean]

Asking about free one@echo kiln

[echo kiln]

Sorry, they have a 30 day risk free plan

[plucky stag]

it is time

[prime garnet]

market is in a consolidation?

[worn hatch]

Do not leave your trades open during weekends .. you never know what could happen

[blissful leaf]

PART 2 of the stream is happening now with @echo kiln, lets go: https://discord.com/channels/641770286638694402/1178430832151638077

[prime garnet]

its chill i still have my stoploss on price

its either it retraces, expands to higher place or either reversal next monday.

[prime garnet]

on weekends, the candles are the key if they bullish or not

if market goes offline, i will scout for a oppurtunity for at least a trade on monday

[dense root]

sent you dm @zinc aspen

[wooden tapir]

There are hour frames and there are range frames among the options

[prime garnet]

so on gold

this is whats telling me,

A) Gold Has Bunch of Fair value Gaps Bunch of them, Indicates that price will sell off that they didnt sell, B) The Liquidity Resistence is will be strong for us Sellers, C) Bullish OrderBlock that is Way down which is little resistance for price to bounce back, D) High Premium Levels.

here, you can see that we are on a deep deep premium level.

[sharp bronze]

Btc

[sterile oracle]

0.618 is the special number for pull backs..

[plucky stag]

Well you did see what happened on first dec few months ago. It had exact same setup and it went all way to 2137 before selling off

Market doesn't care it will scam pump to steal your money

It is extremely risky trade atm

so it can basically go 2137 then fill these gaps you are talking about

We got gaps all the way in 1880s they never filled xD

Dont focus on gaps and focus on market narrative and fundementals .use technicals for entries afterwards

We are in a bullmarket and nothing is overvalued.kinda like in a bear market there is no bottom

It feels like a bubble but you dont know when bubble will pop

[sterile oracle]

good morning

[icy wraith]

good morning

[sterile oracle]

I can see that DXY and XAUUSD have turned.. but it was late on a Friday, so not much would happen.

[icy wraith]

i'm short on gold

stopped out on first trade but i got a second entry

[plucky stag]

i had sells at 87 and 86.7 i exited at 83 at market close i didnt wanna risk gap ups

[icy wraith]

fair enough

[sterile oracle]

I am Putting a pending short.

on market opening

[plucky stag]

look at dec rally

exact moves from 2045 to 2080 then 2137

[sterile oracle]

what caused that rally... can you remember?

[plucky stag]

On monday ipen

[icy wraith]

yup i remember that

[plucky stag]

2080 is the 4 year high

and it broke it that day

[sterile oracle]

it was just for 4 hours..

[mossy harness]

why would u short it if its bullish rn?

[sterile oracle]

then it came back down

[plucky stag]

Yep

[sterile oracle]

I am shorting because I can see the DXY...

[plucky stag]

That pump alone is enough to liquidate all accs

[icy wraith]

1. DXY swep liquidity on 1m and is heading back up

[plucky stag]

Even for jus 4 hours

[sterile oracle]

what actually drove that?

it depends how you trade

[plucky stag]

Like i said it broke 4 year ressitence ....

[sterile oracle]

if you are using a small section of your book and have reserves, you can ride out margin calls.

always have 50% available to call on should the market do something

there was nothing that news worthy.. to even cause 2080

that just seems natural.

[plucky stag]

like yday there were no major news to drive it

[sterile oracle]

thats dxy a 1 hr and 15m xauusd

[plucky stag]

look at currencies they didnt do anything like gold

[sterile oracle]

EURUSD did something interesting..

[mossy harness]

are gold n dxy still correlated? I've seen and heard that they sometimes lose that correlation...

[plucky stag]

It is not 100% correlation

more like 60%

[sterile oracle]

there is scope to make scalps when the correlation is out of sync

[icy wraith]

they are correlated but it is mainly just extra confluence

[icy wraith]

that is another thing you can do

[sterile oracle]

they tend to get close when consolodation hits

then become erratic with news

this is when you simply look for entries based on temp disconnect

as of the 2800* mark, I can see it correlated.

This indicates, By 1am Monday when asia hits, many will start to sell off gradually

and we will see 2050 again

[icy wraith]

yup

[sterile oracle]

There is nothing there to drive it above 2100 by much

but I will be prepared.

people were making fun of me for having a 2100 SL yesterday

[plucky stag]

There are 4 scenarios only . We gap down, we gap up, we dip then skyrocket,we don't dip at all and skyrockets

3 out 4 scenarios are unfavorable

for shorts

[sterile oracle]

agree

but I would posit the question, what outside of normal technicals would drive XAUUSD up?

there has not been anything that Geopolitical

[icy wraith]

nothing

[plucky stag]

april contract got bid at 2095 yday

That was the only news i saw

[sterile oracle]

I started trading properly with more substanial funds on Wednesday... I am putting more into the fund today but not really to trade with, just there to protect against margin calls.

[icy wraith]

awesome!

[sterile oracle]

That had a strange reaction as around 5 mins before every since short I had closed in profit, this indicated people were clearing their books, then on this news, XAU climbed but not out of the ordinary compared to DXY...

this indicates to me it would take something dramatic on Monday to let it climb more when I can see pull backs at c2800

[plucky stag]

Next week is all major news week

[sterile oracle]

2083

[plucky stag]

extremely red news week

[sterile oracle]

yes

[plucky stag]

except for monday there is no news

[sterile oracle]

at this point, I will be very careful to clear books

Monday we will see 2050 and 2080 again... during the same day

Tuesday.. enter a little but clear all ready for news me thinks

and every day there after

[sterile oracle]

i am paying attention to this outcome... On Tuesday, the ISM Services PMI will be featured in the US economic docket. The headline PMI is forecast to hold above 50 in February and highlight an ongoing expansion in the service sector’s business activity. In January, the Prices Paid Index of the PMI survey jumped to 64 from 56.7 in December, showing an acceleration in the input cost inflation. A similar increase in the inflation component in February could provide a boost to the USD and weigh on XAU/USD with the immediate reaction. from fx street

weekends are good times for sorting charts... I thought it best to have a dedicated screener tab...

I am now going to do the back testing on this and have it create alerts so I can pivot by pair etc.

[halcyon pumice]

Any indicator for beginners for free ??

[sterile oracle]

there are a few lux ones

[blissful leaf]

https://app.luxalgo.com/library

[sterile oracle]

in TV go to indicators and type "lux" fhose anyone without a padlock and see

[prime garnet]

@plucky stag your theory can be absoulte, since they have taken out high liquidity resistance, and they would be expanding up, but it does not make also sense, why would they want to skyrocket up if they already have done it for a complete day, and then at the end of the week consolidate

q

yet you have to consider if they wanted to go higher they would have done it yesterday, they were at a premium Level selling selling selling

trust me

either way, if they go up they will only sweep that high that was made on decemer

Decmber, then they got no business up there anymore, retracement.

already set my stoploss to that value i bought so i got nothing to worry about

[prime garnet]

maybe with push of news can make it reach 218

that is highly possible

[sterile oracle]

Its poss but it wont hold for that long

thats a 140 up almost

[prime garnet]

depends

[sterile oracle]

The fed wont like this as they are worried on inflation..

for USD to go up like that, that would take interest rates movement which wont happen this week

[prime garnet]

so what you think will happen to gold?

[sterile oracle]

I see gold on Monday AM going to 2050

then with news, I have no idea after

I will adapt then

[prime garnet]

yeah they are having oppurtunity for long berish market because of the liqudity voids

[sterile oracle]

yes

so my trades are safe

if not a little early...

[prime garnet]

yeah, if you sell up there

we can keep postions long for week

[prime garnet]

if high resistance form

[sterile oracle]

these are my 3 shorts..

[prime garnet]

m

[sterile oracle]

based on touching 250

2250

[prime garnet]

you got to think also, they are on premium market

[sterile oracle]

OB

and DXY has also started to decrease

on 1hr

and on 15m on XAUUSD

so I am comfortable

[prime garnet]

same

[sterile oracle]

and my margin is at 5000

and i am adding 18k more..

[prime garnet]

xd

[sterile oracle]

so my margin will be 7k to give me breathing room

[prime garnet]

your putting up?

[sterile oracle]

i always do...

a bank wont pay me squat

[prime garnet]

carleful for judas swing.

careful

[sterile oracle]

thats why I am just leaving it there

no positions

just to provide margin as I trade at x500 leverage

[prime garnet]

monday there can be judas swing

[sterile oracle]

yes a 80 p spread in both directions for about a min

monday will see profit taking in am

[prime garnet]

yeah

long bearish on gold

you could make up to 5k+ this week just from holding gold IF HIGH RESISTANCE

[sterile oracle]

i wont be closing

I will be waiting

then re-evaluating.

[visual jewel]

last day i hit sl 15k$ 😦

[sterile oracle]

took my shorts late on fri

[prime garnet]

retail traders once they are a judas swing buy orders will be formed

see a judas

[sterile oracle]

well that can be made back, for ever SL hit, there are many trades to make it back

[prime garnet]

where then they will whooooop take them out

[sterile oracle]

Judas I have not heard the term in trading, I know it from the betrayal of Jesus

stabbed in the back,,

What is the difference between silver bullet and Judas swing?
The "Silver Bullet Strategy" suggests taking short positions during the specified time frame and targeting swing lows for profit in forex trading. The "Judas swing" is a technique used in trading that can potentially lead to profitable trade entries.

I like silver bullets

[prime garnet]

its a false break out for banks to lure traders, happens on a specific time frame

day of time*

[sterile oracle]

it seems since I use HH and LL a lot combined with DXY ... I am in theory judasing

I know london opening and US opening have this...

[prime garnet]

bitcoin is skyrocketing

[sterile oracle]

the US one and the UK cause chaos

I have been holding BTC for years..

I wil sell BTC when there are no humans and only cockroaches left.

[prime garnet]

watch out

never assume

[sterile oracle]

I no halvig causes a pull back

I have seen each one

[prime garnet]

btc can crash ant day

[sterile oracle]

at the moment BTC has little traffic

[prime garnet]

how much u sitting on btc?

[sterile oracle]

and a profit take is due...

I bought back in 2012

[prime garnet]

so around 200k?

[sterile oracle]

a little more

I bought £20k in april 2012

[prime garnet]

i would take profit before summer, cash it out in a country with low taxens

taxes

[sterile oracle]

i did not even have a cold wallet then

I will not convert BTC to fiat unless I see a stable goverment

with the quant easing, its not worth it.

even with BTC doing a pull back.. I will wait for Bricks and buy that

[visual jewel]

yess , gold not for me

[sterile oracle]

Gold is excellent in terms of the following.. when humans make war, when God causes eathquake things, buy gold.

when you buy gold just dont lose it.

I am not talking contracts

[plucky stag]

for me the gold is like dejavu since i have already seen it last dec same exact move 2045 to 2080 then 2137

[sterile oracle]

in real terms Gold has gone up

2k dollars today is not what it was 20 years ago etc.

[visual jewel]

Gold next Bullis or bearish ?\

[plucky stag]

and gold has always been bullish for 25 years

it has corrections yes

[sterile oracle]

the last time we knew what dollar was worth was during the time of Nixon

[plucky stag]

but always bullish

[sterile oracle]

they had a M95 report which they gave up on

[plucky stag]

eurousd been bearish since 2008 ,same concept it can be bullish for corrections but always bearish

[sterile oracle]

I have the same trust in Turkish Lyra or argentina currency as I do in USD

Hopefully the invasion of Ukraine by Nato makes enough profit for the US in terms of GDP and interest earned from "free aid".

Also Nato are doing a decent job of doing some war to all the expansion of the Suez canal. This will increase trade with China as it did during the Ottoman empire in 1840...

[sterile oracle]

back in 1997 I remember that the Euro was a major gamble..

when the Euro first came out, countries were still adapting

[plucky stag]

all time high for eurousd is 1.6

thats 2008 bubble

xD

[sterile oracle]

the 2008 was economic capital driven with financial institutions and crazy attiture to risk of lending to people... Ironically the law stating that 8% economic capital that a bank must hold which was made a rule in 2009 has been silently dropped..

hence the big profits we are seeing!

The subprime thing was terrible.

humans are odd.

[prime garnet]

cartia, there may be a false swing on gold and then it will retrace so that buyers buy so that smc can sell

[sterile oracle]

You will notice the Cashless society was announced by Anothy Jenkins of Barclays in 2009 when he took over from Bob Diamond, this was to ensure that cash could not be use and increase control of regual population capital movements.

[plucky stag]

the relationship between gold and dxy is not a direct relationship think of it like this. if dxy is high then other currencies will be weaker which mean goldgpb or goldeuro will be higher so it causes people to sell gold for profit which in turn make goldusd go lower

[sterile oracle]

If you look carefuly at China, they can purchase items with their face no card needed.... we are going this way.. no more cash..

[sterile oracle]

The relationship is based on the Geo political power of the US by proxy of Nato.

[plucky stag]

yeah that too

[prime garnet]

@plucky stag, there may be a false swing on gold and then it will retrace so that buyers buy so that smc can sell

[sterile oracle]

with the US losing its status of a economy producer to a consumer, the weight they have over currencies unless they can keep going to war will reduce the correlation.

[visual jewel]

Its Hold or colse? i"m new in trading

[plucky stag]

thing is that false swing is already too big to consider for a normal trade

[sterile oracle]

I would consider this analysis.. USDX vs Russian Rub vs XAU vs Euro vs war timetable.. for Nato and retaliation by Russian.

as well as China and Taiwan which is a world war 2 thing

[sterile oracle]

we have 2050 in there..

[plucky stag]

if you are in a position waiting for a false swing to 2137 even with just 3 lots from 2080 thats -30k drawdown

[sterile oracle]

your margin seems fine

Let me just add 18k to my account

I want to see what my x500 margin does...

[plucky stag]

i am on x500 as well

[sterile oracle]

means we have to becareful

[plucky stag]

if you are new you should close

never trade gold if you are new

gold is not for begginers

[visual jewel]

Let's see what happens

[visual jewel]

yes 🥹

[sterile oracle]

stay away from xau if you dont have balls made from steal..

by the way steal becomes brittle at -50c

[plucky stag]

@visual jewel believe me just trade currencies and stay away from gold

[sterile oracle]

random fact

do solid currencies

EURGBP

GBPJPY

CHF

no exotics

and leave the rules

learn*

[karmic monolith]

What about us100?

[sterile oracle]

Us100 is good

[plucky stag]

us100 is fine

[sterile oracle]

put two charts

US100 and DXY

you will see what to do,

[plucky stag]

just dont go crazy lots on us100

and you will do good

[visual jewel]

Some public say currency scam 🥲 allrady i lost 500k$+ in forex 🥲

[sterile oracle]

US100 uses a 1 lot at a crack

[karmic monolith]

Thanks😄

[sterile oracle]

which is expensive in terms of margin to hold

keep your margin gt 2000

below that and you are in wet brown underwear land

[plucky stag]

currencies believe me if you do proper lot sizing you never blow a single account

gold doesnt matter you will blow

cuz gold is crazy

[sterile oracle]

if a begginer, and you dont know your style and there are many of them, you will spend most of your time controling your "feelings".

this will destroy any technicals you have and you will learn lessons

make sure the lessons dont cost a lot

also at least one you will blow your account

and then you will learn but it will be expensive.

if you never blow an account you will not have experienced the fear required to face a margin call

[prime garnet]

you have to think they where consolidating so retail traders are going to trade buy they see this as a bullish market

[plucky stag]

yeah but are you prepared for that swing

the drawdown will be huuuge

[sterile oracle]

to avoid false trades look at Higher time frames

if you go small, you are exposed

[plucky stag]

i dont want -30k drawdown lol

[sterile oracle]

you need liquidity to fight another day or you have to make a hard decision and cut part of your book to save it

[prime garnet]

so what you guys suggest, we wait for swing high and then enter bearish?

[plucky stag]

yes

thats the ideal move

atleast you lower your risk

since market might want to go for that HH anyways

[prime garnet]

agree with you

[plucky stag]

put sl above HH

and you should be fine

[sterile oracle]

put SL on an older HH

so you dont get sopped out

[prime garnet]

im tinning profits but i put my sl on my entery

running

[plucky stag]

i took profits cuz i dont want HH retest at 2137 on monday open

just the risk of that happening is enough to steer away

[sterile oracle]

I have to do the "checks for source of funds" so can only add 5k at this weekend

[plucky stag]

last dec that retest happened in 15 min guys

[sterile oracle]

that should do for a 2100 position

[plucky stag]

15 min went from 2080 to 2137

[sterile oracle]

i wil place my SL at 2145

and accept the pain if needed

[plucky stag]

you sure got balls of steel lol

id rather take the L than see a huge drawdown like that

-1k can be easily returned

but not -30k

[visual jewel]

how to return my 500k$ 🤣

[plucky stag]

sorry to say bro but if you lost 500k never trade again

for your own health

[visual jewel]

It is very difficult to accept

[plucky stag]

never start with big capital on forex

if you are new

learn proper risk management

[sterile oracle]

at 500k... your best to just buy a house and sit in it.

even 100k can be blown if you use leverage

the 100k or 500k means nothing

[visual jewel]

Give me some advice on this. So that I don't make mistakes

[sterile oracle]

its what happens when you close every open trade

My advice...

trade virtually

[plucky stag]

dont risk what you cant afford to lose

[sterile oracle]

and see how many times your account blows and work out why.

learn every possible mistake

[plucky stag]

if you can afford to lose 20k and never see that money again then start 20k acc

[sterile oracle]

then instead of spening money on a haircut / recreation or holiday, use this to trade and see..

then if it goes you have no emotion

you can do an experiement

you need 3 things and a friend to make notes

go to a bank and get various paper money like 50 dollars

100 dollars

have your friend burn them in front of you....

this will tell you how much loss you can tolerate...

work on that as percentage

of book

[prime garnet]

just wait for the false swing if it happens

if it does not happen just trade in the swing low or fast profit liqudity good

void

[sterile oracle]

I will be sleeping when the swing happens

so I wil see monday 6am.

I have enough liquidity to withstand it...

[prime garnet]

i will take profits

if hh is formed imma enter all my bearish postions

[sterile oracle]

i will bear to 2046

then see

all it takes is one crazy hong kong group or crazy aussie to make 2137

[prime garnet]

they sold off at high high premium

[sterile oracle]

by the way institutions do their work on tuesdays not mondays

[prime garnet]

wdym

[sterile oracle]

well from my days in Bar Cap, Monday was a day to consolodate and report. with Tuesdays being next move..

Friday would be a cleaning books day

[prime garnet]

ah

[prime garnet]

when midnight seassion runs beware people

london seassion

beware, its a fake buy, price will retrace down

price can crash down too since there is ass resistence

if price goes down little

its a buy

if price go up little, its a sell.

[worn hatch]

There would be a price gap once open

[prime garnet]

no i meant on these time zones

let me see if there is any major news on monday that can break the resistance

i see no major news

ajajajaj

i will not be trading on wensday

[icy wraith]

i'm holding myu position through monday

maybe tuesday

and then i'm out

[sterile oracle]

so i popped in 15k

no idea..

that would have made me sleep

lets see what they fee from hq in philly..

i reallised... security

at 12h ahead they will sort it

[wintry meadow]

What is the difference between buy limit and buy stop?

[prime garnet]

keep it like this

@sterile oracle

for each square you can get profit

instead of losing 15k without getting it

this would likely make you trade better and put your stop loss at a minmum

[broken briar]

hi

[prime garnet]

bullish flag on xauusd

[prime garnet]

a fakeout for buyers watch out if market is going to consildate and quickly expand

xaausd

[sweet maple]

do you have a best Signals & Overlay strategy that has high probability please?

[prime garnet]

no signals are good, signals are only good to see what retail buyers are doing since indicator is chart based

[worn hatch]

Hello and Welcome

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

For strategies in here #1128499789437354106 and https://discord.com/channels/641770286638694402/1199356285813006367

Hope this helps 🙂

[jolly veldt]

My next HTF swing entry for gold. February ended off as a doji candle indicating some form of a range inside. And march has already seen a bullish impulse. To me that means during march we could see some form of retracement to the 50% of the HTF A2B. This presents a good entry with a sweep of a structural low, a tap into a HTF range, as well as a mitigation of an OB.

To me, price could either sweep the stacked highs then retrace, or simply retrace before sweeping the highs

Personally, I'll be carrying out LTF positioning trades to complete this move, IF i am correct

[plucky stag]

price is bullish on gold

it is better to look for longs than risk sells imo

sells under 2060 if that happens

anything above 2060 is a buy at this point

you either get retracement to 2077-2063 then goes higher to 2100+ or a break out of 2088 to the moon

[broken briar]

hey why i cant type in crypto chanel?

[strong snow]

Because

[broken briar]

?

[worn hatch]

For that you need to be Premium member

[worn hatch]

If you don't like the indicator within 30 days, we give your money back.

No questions asked.

Sign up on our site below for instant access.

https://luxalgo.com/

[shrewd sparrow]

Buy the package. Worth it. Fuck. The community alone is worth it.

[prime garnet]

guys check gbpaud, its going bullish

[echo kiln]

isnt the market closed?

🤔

[jolly veldt]

Precisely. Which is why there needs to be some sort of retracement in order for price to continue bullish structure. A part of bullish structure is in fact bearish corrections.

Higher high, higher low

Tbh my plan is far fetched. It'll most likely retrace to that OB before the news impulse and then continue upwards but I'll observe and update

[sterile oracle]

From what I can read on this on it looks like 2040 is a decent entry on pull back to go up again....

[sterile oracle]

I will say this, the discussion level around trades helps shape your thinking. This with the indicators makes you feel like your trading with 10 brains..!

[sterile oracle]

agree

These 3 trades are my last shorts until I can see what is happening

[plucky stag]

I personally might take this week off seeing how crazy the news will be....powell speaks twice also nfp yeah no thanks

[sterile oracle]

I will keep my ears open and run as soon as news comes...

it can be good to trade on but you need to be careful

[sterile oracle]

Just because the Market is closed, does not mean I an closed! lol

[sterile oracle]

I have spend the last 8 hrs and 33 minutes walking the mean steets of the UK looking for some underground Forex trades... I had a wedge of USD and some Gold... I have oddly come home with none and also I cant find my shoes... good times.. (reality, I watched a decent movie and did not eat kebabs yesterday. I did try Welsh rarebit in a burger... I thought it was rabbit, but its cheese!

another chap...

consider not letting people like this rip you off and destroy your book

[granite goblet]

@sterile oracle i got the same request as well, i am not sure it is a real or fake one

[sterile oracle]

well, I know Lux dont offer this

Lux give you the tools to make your own trades.

they dont offer to trade for you...

Jacob is very busy but cannot trade. based on liquitics.. I put him at GMT+2

i am not sure how much I can make myself laugh.. lets see..

[sharp inlet]

How well does premium signals works for gold?

[sterile oracle]

In isolation, I cannot comment, But along with others, I would say they are useful. They show you when people are bumping or buying...

[strong snow]

Finally @worn hatch added me 🤣🤣

❤️❤️💘💘💘❤️❤️

[worn hatch]

Thatz not me thou

[strong snow]

I had a hunch 😎

Can't wait to talk with your clone 🤣

[elder beacon]

Is it worth learning open interest?

[worn hatch]

What is Open Interest ?

[elder beacon]

No idea 😭

"the number of contracts or commitments outstanding in futures and options trading on an official exchange at any one time."

[worn hatch]

This is forex chat .. you may ask in here #📈futures-stocks-chat

[elder beacon]

My bad I always confuse the 2

[echo kiln]

It was not directed to you

[sterile oracle]

i have been backa backa back whaky backy testin... this is interesting...

2050 hmmm possible...