💱forex-chat

[shy trench]

That’s why I asked

[echo kiln]

Price can do what it wants to do regardless of what the data-point indicates.
But with this said, if price reaches a previous OB with a higher longer red volume, then price could have a better chance to go higher from there. But keep in mind, there is not hard set rule, on what price should and will do when it reaches any OB.

[echo kiln]

JPY and the BOJ
Are we ready?

[clear ingot]

XAUUSD

[midnight river]

Strong short ?

[echo kiln]

With BOJ
I’m staying out

[midnight river]

Wow

[echo kiln]

Told you

BOJ is nasty

Much meaner than FOMC

[midnight river]

Just tapped into tp .. phew

[echo kiln]

Nice 👍

[inland fog]

xauusd choch+

looking 2144

[sterile oracle]

2146.18

xau remains over priced

[minor venture]

Gold will come back 2048

[inland fog]

hopefully 2043-39

[inland fog]

swarma ?

[undone imp]

good morning

[inland fog]

morning

[inland fog]

inverted

[sterile oracle]

intesting..

so i have taken 11500 out for various kebab items.. the margin dropped by 400

this shows what the leverige is

as XAU drops today, i should get paid back for Kebab money

so it began!

1 lot extra...

my draw down is smaller!

where is the man of gardening who is wise?

🙂

[icy wraith]

indicator?

[rough jungle]

better than 40 right 😮

[lament jasper]

How low will ETH go before it pumps again?

[trim crystal]

EG, retesting 4H OB with a quasimodo sell zone, also we have news coming up so whatya guys think

[rough jungle]

looking for longs today on UJ still

[plucky stag]

scalped a uj short retracement from the top was a good sell

[sterile oracle]

its gold things...

[rough jungle]

oh nice!

them drawdowns put me off gold (:

[sterile oracle]

a draw down is a concept

[plucky stag]

gold is pure scalping range

dont go for more than 20-30 pips

[sterile oracle]

i cannot understand my strange 3000 sl and 2065 target

i am watching it like fishing for salmon

[rough jungle]

LOL

[sterile oracle]

🙂

today i think 800 kebabs is possible

[rough jungle]

id like 800 kebabs from UJ

[sterile oracle]

is there enough movement on it?

bigger lot sizes?

if your confident

[rough jungle]

oh yeah, 800 kebabs only 0.8%

ideally i want 3% +

[sterile oracle]

what leverage are you using?

[rough jungle]

funded 1:100

[sterile oracle]

i trade at 500x

[rough jungle]

but lot sizes 20-30 lots

depending on 5-7 pip sl

[sterile oracle]

whats your drawdown pct

5 pips? how?

the fees would kill me

[rough jungle]

my broker no commission

[worn hatch]

Morning fam ☕

[sterile oracle]

ah the gardener.

[rough jungle]

morning 👋

[sterile oracle]

tell me.. i have been scalping! and swining!!

🙂

i also paid for the family vaction today

[worn hatch]

Haven't traded yesterday thou

[sterile oracle]

i am heading to Kyrenia

[rough jungle]

very nice!

[sterile oracle]

Kyrenia has very good kebabs

[worn hatch]

been super busy whole day .. had a flat tire middle of the road and hell alot of stuff

[rough jungle]

im still feeling the effects of dublin on paddys day ☠️

[sterile oracle]

a flat tyre at kuwait temps is dangerous

[worn hatch]

Where is this place ?

[rough jungle]

damn :/

[sterile oracle]

kyrenia is the place where the turkish invaded cyprus

[worn hatch]

it is raining today while yesterday was kinda hot 😅

[worn hatch]

oooh

[sterile oracle]

that was 19743

1974

https://www.google.com/search?client=avast-a-2&sca_esv=fa651450fe8a2ab2&q=kyrenia+holiday&tbm=isch&source=lnms&prmd=ivnmbtz&sa=X&ved=2ahUKEwiAk6e96_-EAxU3QEEAHZ3ZA6UQ0pQJegQIDhAB&biw=1536&bih=707&dpr=1.25

its a forgotten place

[rough jungle]

right its coffee time for me

[worn hatch]

it is a beautiful place

[sterile oracle]

🙂

There are two ways to travel.. one is via Larnaca or from istanbul

you need to get visa as you move

excellent value

[plucky stag]

dxy is going really high today

[sterile oracle]

see DXY is driving gold down

136 kebabs by 8.12 am is not bad

wait correction

210 kebabs

pay attention to XAU

i cannot work out if this is polically generated

correction

304 kebabs

correction

390 kebabs

[rough jungle]

may see this on UJ

[sterile oracle]

on a break..

i see a move here

time to sell XAU...

[shy trench]

Still holding eurusd

Unfortunately I closed my intraday from yesterday to early… was expecting some rebound to re-enter but didnt happen

[plucky stag]

you want 140 pips ?

[shy trench]

This is my swing trade

[plucky stag]

ah ok

ima scalp a long atm

it does look bearish tho

[shy trench]

I only do with the trend so I’m awaiting new opportunities to go short

Imagine fomc gives us hawkish tomorrow

It will go below 1.08

https://tenor.com/view/rainbow-spongebob-imagination-gif-11877335675029242228

[plucky stag]

well idk about hawkish but he is not cutting rates in june

[shy trench]

Ye but that’s still hawkish in this case

People were expecting June

Priced in

[worn hatch]

WIll travel in there soon

[shy trench]

If he says nope not gonna be June we will see more downside

Especially since ecb still has June in mind

ECB arrogantly says they don’t neeed to wait for fed

[plucky stag]

why is the market falling tho when he is not talking then ? arent they pricing in what you are saying ?

[sterile oracle]

400 kebabs

[shy trench]

Bro 1 time is enough

Don’t have to keep us up to date every 1 minutes

[plucky stag]

well anyways eu should prolly go up for a retracement atleast

thats one big ass 4h candle

[shy trench]

Ye I hope so

So I can enter new short

[plucky stag]

and i can get my scalp xD

win-win

[shy trench]

Exactly haha

I dont think there will be much more downside from here aswel

Can’t imagine before tomorrows news

Gu also… didn’t expect 1.27 to break like this

Possibly 1.26 incoming

[sterile oracle]

i see you are messaging very 21 seconds?

[shy trench]

Im talking about trades

You are keeping us up to date about your positions every second

Ego boosting, you want a pad on the back?

[tawny warren]

bro continue to share your scalp trades please it's inspiring and good for young traders like me.. don't listen to those who don't share anything but want to criticize thanks you again

[inland fog]

pair usd

[shy trench]

He can share his trade set ups, and be happy when you have a good trade share it all you want but don’t share a screenshot with profits every 5 minuts it’s spam .

[worn hatch]

@tawny warren What do you trade and the pairs ?

[finite ravine]

Hey guys, I need advice. So I have another account with ftmo where I am in Phase 2 . But currently I am in 5% drawdown. So I need 5 more losses to lose the Account . Should I drop my risk to 0.5 , so that I dont risk losing the Account , if the next Trades hit sl? On the other hand its not so likely that I will lose another 5 trades in a row , but I want to play it as conservative as possible

[tawny warren]

SP500 US100 ETH BTC SOL only . but i love scalping methode of @sterile oracle

[worn hatch]

Hello there, What sort of Strategic Trader are you and the pairs you trade ?

[finite ravine]

Only eurusd .
I Trade smc and have a wr around 25% with an average rr of 6

[plucky stag]

wow dxy at 104 already

[trim crystal]

Easy short before april

[forest turtle]

If USDCHF manages to close above the BOB i will go long. Let me know what you guys think.

[worn hatch]

which means you are an Intraday trader or either a Day Trader ?

How come you could be DD when your RR is 6? does not make sense

even if I have ignore the WR too

[finite ravine]

Intraday/sclaper.
Because I lost 5 trades in a row which is likely possible with that WR

[worn hatch]

Sorry you cannot be a scalper and intraday .. there is huge difference between the both the traders

You can either be a Daytrader/ Intraday while carry forwards your trade overnight

[finite ravine]

Some of my trades go a few minutes and some a few hours. I trade the 1 min tf

[worn hatch]

that means your a scalping and Day Trading only

What is your account size .. Are you using Prop firm or Personal account ?

[strong snow]

Something doesn't add up 🤣

If you are trading 1m tf your trades should last for like 10 min tops 😶‍🌫️

[plucky stag]

he is basically trading 1 min then getting stuck with the trade

and holds it for few hours

[finite ravine]

50 k funded Account

[finite ravine]

Bro somettimes Theres no movement and the trade lasts longer . Its normal!?

[worn hatch]

@finite ravine Use the same strategies what you use on your 50K funded account into your phase 2 another account #💱forex-chat message

[finite ravine]

Yea I use the same but I risk more on Challenges so I was just wondering if its better to reduce the risk because i m currently in 5% drawdown

[worn hatch]

How much do you risk per trade amd what lot size do you use while scalping ?

[trim crystal]

CAD inflation incoming in 30

[finite ravine]

On challenges 1% and on funded 0.5 .
Lot size depends on sl

[worn hatch]

You should risk 0.5% until you cover 3% and then risk 1% above 3 % to 8% phase or 5% phase

[plucky stag]

nice my eu longs finally printing

on be now

[midnight river]

news impacting CAD

[strong snow]

Time to short xau 😎

[plucky stag]

good session overall today

atleast some good movements and not alot of range

[strong snow]

25pips ezpz

[inland fog]

xau inverted

[neon ore]

What do u mean

[sand ruin]

inverse chart . surprise everyone and get profit

[noble crag]

https://tenor.com/view/sniper-pubg-loading-sniper-reload-gif-15505006

Silver Bullet 🎯

[sand ruin]

15 second. Scalping completed

[hushed jackal]

What indicator you’re using for scalping mainly

[sand ruin]

There is no indicator. just structure

[hushed jackal]

Ok thank you 🙏🏻🌹

[blissful leaf]

https://discord.com/channels/641770286638694402/1178430832151638077

https://tenor.com/view/here-we-go-again-gta-gif-20483040

[noble crag]

EU thoughts 💭 ?

[glass solar]

hmm

[trim crystal]

Just a thought, 4H

If it is the dip 😄

[rough jungle]

waiting for this is painful

[pearl locust]

Bro I’m new to trading and looking at these just makes my mind boggle I’m trying to understand how to find and use a strategy💀

[inland fog]

join stage live @echo kiln

[pearl locust]

🫡

[inland fog]

learn then earn

[glass solar]

it does have some more up to go fill the imbalances

[glass solar]

it has to go down either way theres. 3eq lows down

[inland fog]

usoil at ma200 weekly now

hopefully become head & shoulder daily

or weekly

[minor venture]

two tp hit

naked charts are definitely makes your profits horny

[half turret]

Hello Everyone... I'm new to Crypto Trading and I wanna start up my Crypto Investment?

[minor venture]

@glass solar @noble crag

[hard flower]

BELLISIMO

[minor venture]

what

[hard flower]

its italian

means beautiful

.. nvm

[minor venture]

ohhh okk

thnx yeah

[worn hatch]

Hello there, Crypto chats in here #💱forex-chat

[noble crag]

USD/CHF 👀

[minor venture]

You want me to chart annon ?

Naked chart trading

No bullshit choch BOS etc all going pure speculation

Price action is a joke. many people long on bullish choch or bos but price comes down when I ask them why did it happen they say they don't have reason and conclude it that's it's price action

FVGs? Ok I have FVG at the top and one at the bottom which is going to hit first. You see two other factors that are likely to hit downward. Then price starts going up

if it breaks above it can quickly reach my target

[noble crag]

Short or long ?

[minor venture]

next two 4hrs candles should decide

tomorrow is fomc right ?

[noble crag]

Looks sweet spot to short

[noble crag]

Yes sir

[minor venture]

if USD goes down it can take dildo pump

[noble crag]

https://tenor.com/view/stonks-cat-pump-gif-23664149

[minor venture]

Are they stoping rates ?

Or keep the same rates

or increase ?

[sturdy narwhal]

sayeed

can i ask a question

i am holding all my money on sol

around 25 sols

is it a good move to sell rn

is it expected to go down more?

sell and rebuy after more correction?

[minor venture]

SOLANA ?

[sturdy narwhal]

yeah

like rn it’s 182 you think it will go down a bit more within the next 2 days

like sell now buy at 175 or smtj like that

or unsure

[minor venture]

It can go to 195

if it reclaims 184 in next two 6hr candles

But since solana is very volatile

Trade with extreme caution

[sturdy narwhal]

fair enough

thank you brother

i think imma just hold

[rough jungle]

risky risky LOL

[ocean umbra]

Yearly goal achieved. 30K to 136K since Jan 15th.

[noble crag]

Forex or Futures ?

Damn that’s quite a lot of growth 👀

[ocean umbra]

Yeah

It is indeed

[ocean umbra]

What you trade on?

[noble crag]

Forex & Indices

[ocean umbra]

Cool

[trim crystal]

https://tenor.com/view/elmo-shrug-who-knows-gif-12648964

[ocean umbra]

Can we talk about some ideas?

[noble crag]

Trade ideas 💡 ?

[real oar]

How is it working out ?

[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
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[rough jungle]

prob take a few losses before i catch the big move 🤣

[real oar]

We live we learn ! You got it next time 🤍

[rough jungle]

willing to waste some little losses to catch the big win though

[real oar]

You got this !

[rough jungle]

she moving

[real oar]

Tomorrow another fight for me 😋

[rough jungle]

ill be tackling UJ all week for this drop 😮

[real oar]

But don't over trade or leverage too much 😁

[rough jungle]

only risking 0.5% per trade as im going against the trend even if it is at premium

potential 10% tho

[plucky stag]

i shorted uj now too

[real oar]

It adds up every time ^^ take it steady 🚀

[plucky stag]

at 945

[real oar]

Show us on close of the 5m

Now

[rough jungle]

https://tenor.com/view/money-gif-16565229595323670098

[plucky stag]

ye i was layering the short slowly

did 150.900 then 150.920 then 1509.45

looked like a decent short for a retracement

[daring schooner]

Federal funds rate scheduled in 50 minute. Red folder

[plucky stag]

thats tomorrow

[daring schooner]

Nice I'm staring at the wrong date all day lol

[rough jungle]

you got me worried and i thought crap have i looked at the wrong date LOL

[daring schooner]

On the plus side I gained another day

[noble crag]

JPY JPY JPY 😂

[trim crystal]

Sniper gold entry with bearish quasimodo entry at the end of the wedge I guess, will see 😄

[plucky stag]

it is at novemeber highs atm

from last year

for uj

[noble crag]

Smoooth 😮‍💨

[glass solar]

if emotional damage was a picture

called it days ago 😭

[minor venture]

Simple rule of forex

You are trading ABC/XYZ, One has to go up against other

If you don't understand these basics

Forget about trading

[noble crag]

Bro coming out with tips ✅

Might help somebody who is looking to YOLO 50 lots on GOLD to pass the challenge in 1 Trade 😂

[minor venture]

My point is many shill ICT SMC etc bull shit

When they don't know what is a currency pair , what is a commodity

What is a security

What it constitutes

How futures and options contract different from spot contract

99% people don't know ground level of basics

[echo kiln]

🤔

[minor venture]

tell me what is open intrest

[echo kiln]

You can google this on your own

[minor venture]

as expected

[echo kiln]

#💱forex-chat message

[noble crag]

Open interest is the interest that not closed interest ✅

[trim crystal]

Seems rough

[minor venture]

https://tenor.com/view/squidward-throws-brain-away-spongebob-gif-5749546

[echo kiln]

Tell me what Googling means?

[trim crystal]

I have found a new pattern, gonna call it a cleaver, or simply knife

[echo kiln]

The missing 1% to make you 100%

[noble crag]

🤐

[trim crystal]

Say it

[noble crag]

https://tenor.com/view/shannon-sharpe-undisputed-nope-funny-face-gif-536487951695337499

[trim crystal]

💀

[noble crag]

💀

[shy trench]

@rough jungle at this point i dont even know if these yen pairs are gonna come down at all 🤣

[rough jungle]

Don’t be a bearer of bad news 🤣🤣

Already gotta deal with alphas 20 pip spread at 9pm

Nevermind you

🤣🤣

[noble crag]

FOMC

Played by Gamblers 🎲

Won by Snipers 😎

[shy trench]

I gave it 2 tries on gj

But this thing keeps going up

1 got stop lossed, new one at 50% of sl

[rough jungle]

20 pip spread could breach my Alpha account ha

May close before 9

[shy trench]

@rough jungle these yen pairs breached the 2x times average daily range levels. That doesnt happen to often within 1 day

[rough jungle]

If I’m at entry spread alone will put me -4%

Risky behaviour. Yen pairs ain’t been nice to me the last week. Been lovely for month+

[trim crystal]

Japan needs inflation I see why not

[minor venture]

why japan needs inflatin

rent a girlfriend

[shy trench]

20 pip spread is crazy on uj

[trim crystal]

Because they have been in deflation for some time, it is a bad thing

After covid, Yen got devalued a lot, from 100 per USD to 150 per USD

Even after this their inflation is like 0 😄

[shy trench]

Yen will stay weak for a while …

Should look towards 155 maybe upcomimg weeks

especially if fomc is hawkish tomorrow

[noble crag]

https://tenor.com/view/jerome-powell-fed-jpow-gif-4024490437338895401

[shy trench]

I only went short today because of 2 times adr level and was expecting some sory of retrace

[sand ruin]

no need to rush bro

[trim crystal]

It is not like Turkish lira I know lol

[sand ruin]

Exactly

[rough jungle]

im closing my trade in 30 mins and maybe re enter a hour later if price hasnt moved dramatically since

UJ

perfect entry as well just shame its at end of session

[plucky stag]

it is choppy

there is another day tomorrow

i exited few hours ago

market didnt do shit but chop

[shy trench]

It looks like its accumulating. Maybe we See manipulation towards the downside. And than we move up

[rough jungle]

surprised you didnt say UJ to the moon and jinx me 😛

[shy trench]

But we have cpi for gj tomorrow mornimg amd fomc

[plucky stag]

yeah better sleep in peace

[shy trench]

I didnt expect uj going bananas

Not like this

There was barely a retrace to move in long lol

Missed chance

[rough jungle]

ill jump back in at 10pm after markets reopen and then go bed and see what happens

i missed a long earlier

at 11:55am

[shy trench]

Im in 1 lot so i’ll keep my gj open

[rough jungle]

im deep sea diving with uj LOL

spread will nearly take me out on max DD if i leave open

[shy trench]

Ah dont take the risk

[rough jungle]

only risking 1%

but when spread increases my risk to 4% its bollocks if trade at entry

so for that hour its not worth it and ill get hit with swap too

wonder what alphas ECN challenge is like and their swap

and spread

[shy trench]

Uj spread shouldnt be that big

[rough jungle]

9-10pm it goes crazy, i never hold trades usually at close so never really noticed before

[minor venture]

What's the difference between A Knife and Feminist

[echo kiln]

I got 0 pip spread now

[minor venture]

Knife has a point

[minor venture]

Rugpull

[sand ruin]

[rough jungle]

go suck a lemon

mines 1.5 pips atm

[echo kiln]

ok

[sand ruin]

why are you forcing it? Currently there is no ICT, PRICE ACTION or analysis. wait. Let the price consolidate

[echo kiln]

🍋

[shy trench]

https://tenor.com/view/lemon-lick-teabag-balls-suck-gif-24140390

[minor venture]

🍆

[plucky stag]

will see you all tomorrow,take care o/

[sand ruin]

But how good are we? lollll

😄

[rough jungle]

show off

i dont even know how to do my username hashtag on my charts and heres you all fancy with your lemons

[sand ruin]

Luck is like a fart. If you force it, you will fuck it :D

[echo kiln]

hmmmm

i dont think i can find a fart emoji for my chart

[sand ruin]

okay bro. The market is already like a fart right now

[echo kiln]

hahahaha

[sand ruin]

I will sell gold at 2161.120. Let's see if we luck 😄

[echo kiln]

what do u think?

[sand ruin]

OMG

[echo kiln]

hahahaha

[sand ruin]

you make dreams come true

😄

Let the breeze come from above. let's sell 😄

[shy trench]

@echo kiln there should be some sell off somewhere. Gbp cpi tomorrow morning…. Fomc

Mhmm japan bank holiday tho

[echo kiln]

you mean this pair?

[echo kiln]

hmmmmm
look at you giving me an idea

[rough jungle]

wonder if i could utilise your fib golden pocket on the 5m timeframe 🧐

[echo kiln]

🤫

U dont think ive been doing that?

futures too

[shy trench]

I was talking about gj

[echo kiln]

dropping so many hints on the streams

[shy trench]

But gu goes to 1.26 imo

[rough jungle]

cant be selfish 😛

[shy trench]

So for gu i have a sell limit omde it retraces towards higher 1.27 im in

[rough jungle]

you dropped my strat on stream only fair you share. Going to backtest it whilst markets closed

ofcourse uj starts dropping now markets closed too

[shy trench]

Be careful tho asia might be rubbish with no liquidity

[echo kiln]

This 0% pivot has not confirmed yet for the fib bracket
But this is it on the 5m GJ

but this is after hours micro 5m structure

so not much TP

just 10-11 pips so far if this pivot confirms

15m gott drop for this bracket long

huge drop

[echo kiln]

HUGE important level on the monthly GBP/JPY

I think FX will be great heading into the next 6 months

👀

What do you think?

[minor venture]

Still holding

Moved SL

Either breakeven

Or ride to resistance

[daring schooner]

Nice triple top on UJ. I hope when the feds cut rates they do it slowly. I don't want to become another Jpy

[heady ginkgo]

Anyone any thoughts on AVXUSD?

[undone imp]

morning

[sterile oracle]

Good Morning!

[worn hatch]

Morning Fam ☕

[undone imp]

eyes on Nasdaq. This is a 15 minutes chart. Check out the grey area ive highlighted. Its a higher timeframe (daily) order block forming. Additionally there's a descending wedge about to break. Third thing is the fib levels for the recent bullish choch hinting at the wedge target.

of course this is just speculation the market will do whatever 😄

[sterile oracle]

i have a view its mainly kebab and gold related..

that thing will drop

there is possibly 40 pips today on that

[rancid bough]

Good morning everyone

[sterile oracle]

this are other non golden things worth paying attention to

[worn hatch]

Overheard Uncle Powell is coming today ?

[sterile oracle]

dr p will be in the room

does he actually have a PHD?

GPUSD... is worth it

[rancid bough]

Really

[worn hatch]

Just wondering what would be his age

[sterile oracle]

there is a decent inflation thing happening

I saw this early at about 5 am

GBP will be fairly bullish..

https://www.reuters.com/markets/us/feds-faith-immaculate-disinflation-narrative-put-test-2024-01-31/

Fed keeps policy rate in 5.25%-5.50% range
U.S. central bank says inflation still elevated
Fed's Powell says March rate cut unlikely

the June thing.. is there

on XAU i think that we will see lots of scalps

as there is nothing there to dramatically move it

any pair combined to USD, consider shorting.

in terms of technicals..

XAU looks to be going up...

this means something interesting in 4 hours as its overbought.

DXY has two HH to me

so this is contra to Dr P news

[sterile oracle]

I think he is into almost 80 years... oddly there is no wiki on him

https://tenor.com/view/dr-pepper-soda-can-gif-6097077466028471794

99.81 squeeze on XAu..

short again

[worn hatch]

yeah

[sterile oracle]

the draw down is fine.. so I will press

its a good solid trade now

[worn hatch]

You withdrawed nearly $10K from your initial balance ?

[sterile oracle]

i took 11.5

my wife forced me to pay for vacation

family is expensive for a trader

[worn hatch]

ooh yeah

[sterile oracle]

i have to make 1000 kebabs a day for 11 days to return

but i can scalp out with much thanks to you..

although I keep falling asleep

this is very short...!

i may increase to 0.7 lots

2149...

i have to trade hard today.. this nightmare awaites me..

lol

soo thats the 5m

it needs to beat the FV range

[worn hatch]

Past 2 days we been on the same range itself and being soo boring

[sterile oracle]

There is money to be made though but because its boring, we have to be accurate?

[worn hatch]

Accuracy is better than regrets

[sterile oracle]

60 kebabs,

[heady ginkgo]

3000 stop loss?

[sterile oracle]

yes the idea behind this is that it means nothing

its symbolic!

[heady ginkgo]

Demo account?

[sterile oracle]

nope

real

i focus on scalping

[worn hatch]

Personal account .. Balls of steel

[sterile oracle]

my balls, you know they are steal?

how ?

lol

[heady ginkgo]

You must have a large account size for that! Bust my account everyday of the week with those lot sizes 😂

[sterile oracle]

there is a skill to managing margin

and your exposure must be consistent

when you cannot trade, due to this, you simply have to sleep

Entry is everything

[heady ginkgo]

Do use leverage?

[sterile oracle]

500 x

[heady ginkgo]

Taking partials on the way down? You really think 2065 I thought 2100 lowest maximum

[sterile oracle]

thats my current account

so 2065 is a list of every mistake I made

however I can scalp myself out

i put in this 2065 as a prayer and the 3000 as a death curse

I approach it as making the account work like a bank

[worn hatch]

Raw spreads Account 😋

[sterile oracle]

lol

yup!

[heady ginkgo]

Are you English?

[sterile oracle]

why would you accuse me of this?

[heady ginkgo]

Gbp account

[sterile oracle]

ok so I am a UK person

so this allows me

but my blood is not english

[heady ginkgo]

Haha on British?

[sterile oracle]

well, it is local to me

[heady ginkgo]

Scot? Welsh?

[sterile oracle]

there are many questions

i am normally confused

[heady ginkgo]

I just want to chat to more experienced guys

[sterile oracle]

i am not experienced and have forgotten more than I can learn..

[heady ginkgo]

I’m pretty new and all the Uk numpties here just algo trading now which I don’t like

[sterile oracle]

algo wont work

i think you must be careful and take your time

[heady ginkgo]

I know big banks will just bust algos

[sterile oracle]

I am ex from a banking background

and can agree... however the goverment will give free loans

[heady ginkgo]

So you are experienced then lol

[sterile oracle]

so they dont care

experience no way... forgotten

i once messaged on this before. a purpose of a bank is to collect tax

nothing more

they will be bailed out

and there are rules on economic capital

[heady ginkgo]

You’ve lost me

😂

[sterile oracle]

Ok let me ask a question.

who is a customer of a bank

[heady ginkgo]

The general public

[sterile oracle]

no

[heady ginkgo]

Government

[sterile oracle]

when was the first bank established and why?

[heady ginkgo]

To control people

[sterile oracle]

no

to collect tax

[heady ginkgo]

Not sure when I would have to google

[sterile oracle]

why do you feel we are going into a digital network and there is no more paper money?

[heady ginkgo]

They used to be used to store gold many years ago

[sterile oracle]

yes so it was Nixon

who abolished it

[heady ginkgo]

Control

[sterile oracle]

no.... war

so there was too much debt and the bond of a note could not be supported

[heady ginkgo]

Yes Nixon took dollar off gold msking paper money worthless

[sterile oracle]

what currency is your main one?

[sterile oracle]

🙂

you are a US and A person or a UK one or a Euro person/#

?

[heady ginkgo]

Centralised banks run the world and governments they make all the decisions and we all have to follow I know it’s all corrupt I’m just trying to get ahead a little for my young children give them a better start I had

No Uk 🇬🇧

England 🏴󠁧󠁢󠁥󠁮󠁧󠁿

Trade eurusd gold dollar and AVXUSD

[sterile oracle]

cool

so

So, in the UK this was the first bank

LLoyds

[heady ginkgo]

Ok

[sterile oracle]

the reason is that king found it annoying to collect tax in the form of cattle

[heady ginkgo]

Ok

[sterile oracle]

The land of the Uk is based on land ownership

and there are various clans

when the UK were at war in 1940's they lost most of the money they had stolen from India

they basically had nothing and had to beg the Americans to help them, the ottoman empire and Suez canal was also expensive and the opiuim wars with China even cost more

The Uk people are a very small country managed to do well,

However, there are now complications as there is no industry left in the UK and the only way to secure arms contracts are based on war

so the Uk currently have an attempted invation of Crimeria which Putin defended, The middle east and US ties

this is the true way to under GBP

The Uk followed Nixon back in the 70's

There was a M95 report that was to peg the XAU to a soverign coin

That was removed and hence there is eternal debt

So to view the world, you must explore where resource is.

this is my view

[heady ginkgo]

So where is the resource in your opinion? China with its raw materials and production? Russia with its oil?

We’re so far from price action and indicators here like a history lesson

[sterile oracle]

So, Question 1, where is the lithium, where is the wheat, where is the oil?

[heady ginkgo]

Oil - Texas, Russia, Middle East
Wheat - hmm Ukraine?
Lithium not a clue

[sterile oracle]

ish no

Alaska has the US oil

it borders Russia

Wheat is in Russia

The arab world has a lot of resource inclusing Gas found in the Suez, this is why Isreal as having to move many people

Lithium is in North Korea and many parts of Africa

Texas used all thair gold and Oil but the US have reserves and have chosen to plumage others and save their oil as dictated by President Clinton

I would advise you read some Noam Chompski

He is a wise fellow

Also Nato made a bad mistake of destroying the pipeline through Germany to the UK hence high energy prices

[heady ginkgo]

Chomsky? Or chompski?

[sterile oracle]

on a more important front.. XAU is moving my way!

[heady ginkgo]

My tp is 2100 if it doesn’t bust my account again…..

[sterile oracle]

whats your margin at?

[icy wraith]

@heady ginkgo

[sterile oracle]

the margin is the dangerous one

so to stop your account from popping, make sure you are prepared to close losing trades

this is painful but needed

[heady ginkgo]

Hello? Why did you @ me?

[heady ginkgo]

Ok thanks for the advice

[icy wraith]

What help are you needing to get solved?

[heady ginkgo]

Just advice and opinions about forex pairs what’s the best indicators to use, what’s best strategy for day trading and swing trading there’s so much info I think I’ve info overloaded

[dreamy narwhal]

Just a quick reminder to all:

🚨 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.

[sterile oracle]

please note also if you can use a scammers time, it removed their ability to make profit

[heady ginkgo]

True

[dreamy narwhal]

Your convos with scammers are too funny 😂

[sterile oracle]

lol

[heady ginkgo]

Does the (lux pro) mean your part of lux pro company?

I asked Jacob on live stream a question but heard nothing back I’m watching the streams on YouTube most days now

[daring schooner]

Yet the US did the same thing and ... High energy prices

[dreamy narwhal]

It's the role color and check mark which makes the distinction. Micky is Head Mod/ and Community Lead, while the rest of us with Dark Green roles are Mods.

[sterile oracle]

yes and I am just M

🙂

[heady ginkgo]

M for moderator?

[dreamy narwhal]

Uniquely so, yes 😄

[sterile oracle]

no

I was wandering around some years ago and joing LUX

joined*

I think its excellent

[heady ginkgo]

I just has someone called Micky add me with (lux pro) but an _ at the beginning guessing that’s a scammer

[sterile oracle]

and I know maybe a founder somewhere

[dreamy narwhal]

So many have tried to imitate Micky, alas, lots of them are scammers.

[heady ginkgo]

Yeah I like the chat and live streaming learning a bit but saving up money for the monthly costs for the indicators just using price action for trading at the minute

[blissful leaf]

https://tenor.com/view/visipoor-copycats-copycats-everywhere-gif-25581022

[plucky stag]

UJ is mooning

Guess boj fked up badly

[daring schooner]

Triple top from 22,23,24

[plucky stag]

Ik but that means nothing

last triple top of gold 2080 and now we see where is the price

it is better not to fight the wave here cuz it could prolly go to new levels

like 153+

[sterile oracle]

🙂

[plucky stag]

Well you could set a sl at 153 if you are going for it

[sterile oracle]

153 is realistic

there could be more scope

XAU will drop more but you cannot rely on this

best to scalp it

[plucky stag]

Gold been ranging past two weeks after the crazy rally

[sterile oracle]

the range has no justification

its simply too expensive

even with Trump going to jail or something and Biden walking about in forest

[daring schooner]

Eur USD, audusd look bull USD jpy looks bull

Quite the contradiction

[sterile oracle]

on that pair consider DXY is over the top and it looks like the trade is done

[heady ginkgo]

So it’s been increasing in price last 25 years the monthly candle looks so bullish though we should trade against the trend? The trend is your friend?

[sterile oracle]

focus on the interest rates and inflation thats the driver

[heady ginkgo]

Fundamentals over technical

[sterile oracle]

indeed

tecnicals fall apart when humans do things

[daring schooner]

On that note interest rate was pre bought on Jpy so when it was announced it didn't change.

[sterile oracle]

well, the JPY annoucement was quite different

so in the last 20 years Japan has never moved

but they seem to want to grow

in theory we see a move monday etc

i think the ability for Dxy to buy JPY will be a driver

[heady ginkgo]

Forgot more than you know your definitely a clued up cat

[sterile oracle]

lol i forgot again

[heady ginkgo]

Yeah right

[daring schooner]

There's a group that leveraged the zero interest rate trade and made a killing

[sterile oracle]

whats their capital?

[daring schooner]

Probably savings, then the forex leverage

[sterile oracle]

i take it they are from hong Kong?

or perhaps this is Beijing funding?

on this, I suggest watching Asian market

I cannot see even the joint session of US and UK moving it

[daring schooner]

https://youtu.be/2O3eLGpHE-M?si=ZbWrwu4AhQzyMClW

[sterile oracle]

🙂 I will watch this..

[shy trench]

Eurusd looks bullish?

Eurusd is bearish

It was bullish indeed

Technicals show signs of bullishness. But fundamentals changed it towards bear

[daring schooner]

Haha you'll have to excuse me I trade on a one two pattern but use confirmation. It's basically a reversal strategy

[shy trench]

Lagarde just gave a speech that eur is still on the right path for early rate cuts. In contradiction to the dollar what looks like it’s pushing rate cuts back

If fomc indeed gonna confirm this…. We see eurusd below 1.08

Gbpusd back to 1.26 maybe even lower

[daring schooner]

Someone told me June (fundamentalist)

[shy trench]

That was the planning yes

But it look like they are going to push it back

[shy trench]

Oh ye the eur

But for the dollar it becomes more unlikely that we see June as a rate cut

But remember that this whole push for eurusd close to 1.10 and gbpusd 1.28+ was based on the fed cutting rates the first. That is out of the window most likely

[daring schooner]

Since 2022 EurUsd followed this pattern and it now almost completely consolidated...it was how I predicted the 1.10 but it fell short by a few hundred

[shy trench]

Technically it’s right

But a shift in fundamentals can Throw technicals out of the window

For now atleast

[daring schooner]

Yeah depends on how your looking. If your looking for the day then definitely big problem but looking at it overall it doesn't seem to matter as much

[shy trench]

Well it does if the ecb keeps showing data for the first rate cuts indeed

[worn hatch]

Did the market just got stuck in Gold ?

[daring schooner]

Here's my thinking market reaction to rate hikes...then after a week it goes back to normal destination. After two weeks market reversed which is the normal star step pattert. Im studying fundamentals but this is my observation

If your holding a trade for a day then yes fundamentals are everything. Holding for a month or so not as much

[shy trench]

I’m doing both. Holding for weeks tho not months.

And intraday

[daring schooner]

That's really cool. My broker would merge a second trade.

[shy trench]

I’m using 2 different prop firms. 1 is swap free for my swing trades. Other for intraday

[inland fog]

evening all

[rough jungle]

ive sat out trading today, uj is off to the moon haha

[shy trench]

Its hard to trade any yen pair now

Need to have some confirmation for it to come down

Or a pullback for new longs

[rough jungle]

yeah atm, i didnt want to take longs either with being so far in premium pricing

[shy trench]

Ye

You only trade aj and uj right

[rough jungle]

yeah so going to be boring for me

may go to my nas strategy

[shy trench]

I did catch gu short…. My eu limit order and gold order didnt got triggered again by 1-2 pips

Seems that last week is continuing this 1-2 pip miss trend 🤣

[rough jungle]

how many pairs you trade?

[shy trench]

I only trade gbp/usd/eur/yen. And gold, us100, oil

But mainly the fx ones

[shy trench]

Excluding eurgbp tho, that thing doesnt move at all

Maybe good for your sl that it doesnt move

[rough jungle]

ive tried trading gbp pairs before and i use a bigger sl on gbp pairs when i did trade - ill check out eurgbp

i wouldnt mind trading a gbp pair tbf

[minor venture]

@glass solar @noble crag

Magic ✨😁

Yesterday's NAKED chart

Today's result

No BOS CHOCH FVGs OBs etc
No Trails or Clouds
No oscillators

Imagine when I use them

[trim crystal]

What I realized is it is all experience, whatever strat you use, after 3-4 years most successful traders end up with looking at naked charts and they trade based on supply/demand and patterns 🤣

[sterile oracle]

but i like colours!

XAu remains in good dieing health!

[trim crystal]

I did not say black and white tho

[shy trench]

Eurgbp is very very slow tho. Yen is hard now. I might leave it for a while

[rough jungle]

im waiting for UJ to break daily highs then a 4hr bearish shift then its game on for sells all way down to daily EQ atleast

[shy trench]

Mhmm i’m not comfortable with selling. I’ve tried yesterday but didnt give us a inch

[rough jungle]

thats because its going up to break the highs, best of sitting out now

till it takes daily high out

[shy trench]

You are more of a scalper tho right?

[rough jungle]

even longs are risky at this level

[worn hatch]

Gold is just stuck for no reason

[rough jungle]

well intraday on 5 mins

but some people call that scalping with my sl etc

[shy trench]

Ye oke well im just gomna wait for a red ha candle on the daily and then consider short

[rough jungle]

ill let you know when im looking for shorts, im just watching nas now

whilst uj/aj does it thing

[sterile oracle]

Xau remains

[rough jungle]

131 kebabs 🙂

[sterile oracle]

🙂

[rough jungle]

hows vacation?

[sterile oracle]

5th april

[rough jungle]

ohhh

[sterile oracle]

but i need to take the kebab pressure

[shy trench]

What levels are you 👀 at nas

[rough jungle]

using my nas strategy posted in user strategies

[shy trench]

Ahh i see

[rough jungle]

someone passed another prop firm with it the other day ha

[shy trench]

I’ve traded nas for first time yesterday 🤣

[rough jungle]

i only made the strategy when i seen a lot of people traded it here, ive traded my nas a few times. Prob going to look at doing a challenge using it solely next month

[shy trench]

If this gbpusd can break this level we’ll see 1.266

[rough jungle]

lemme look at it

[shy trench]

Than i’ll hold it towards fomc in the hopes they be hawkish

That gonna be fireworks of they are

[rough jungle]

id like that

id prob take that if it plays out

[shy trench]

Im short from 1.27205

And i’ve added 1.27 when it pulled back into it

[sterile oracle]

DXB has pressure

i think at US market open it could take a hit

[rough jungle]

yeah fed interest rates and FOMC in 5.5 hours

[shy trench]

Gbp took quite negative data this morning. Euro’s lagarde speech was not good at all for the euro.

Markets expect fomc to push back rate cuts

Market is pricing in stronger dollar. I think we might see 1.266 maybe even lower before fomc

If that’s indeed the case we see 1.262 ish. If they are more dovish we will see more towards 1.274

[rough jungle]

be a good area to buy the 1.266

4HR OB there too

could respect it and go to 1.28 or break through and go test 1.256

[trim crystal]

Dominant break reversal into this quasimodo would work on ETHUSD contract, might look different with usdt okx/binance futures tho

[shy trench]

1.28 is nah we need really dovish fomc for that

[strong snow]

Volatility will be insane today

[sterile oracle]

but we need the speed of madness...

at some point a donkey will kick me

about 2.30 GMT.

[rough jungle]

dont mean today i mean in future if OB is respected but id be staying clear of trades near news

[trim crystal]

You lose money faster, you earn money faster 10/10

[rough jungle]

gambling 101 ^

😛

[sterile oracle]

protect your margin

[shy trench]

Ye im going for hawkish with that 1.27205 entry

Just be or insane profit

[sterile oracle]

when you are facing a market open pay attention

[worn hatch]

@plucky stag What are you trading these days ?

[rough jungle]

i say this now, but watch me be caught in a nas trade before news LOL

[sterile oracle]

the xau is moving in my favour, however in just 2 hours I could face pressure

[trim crystal]

Oh hell with scamdaq, not gonna touch that shit 😄

[rough jungle]

scamdaq makes me laugh everytime

LOL

[plucky stag]

mainly us100,currencies,crypto atm

[sterile oracle]

US100... thats going to be interesting

[noble crag]

👀

[trim crystal]

Me and Americans think differently, so I get stopped on NY session whenever I am in a scamdaq position 😄

[sterile oracle]

as for crypto people are now selling

[worn hatch]

US100 is NAS100?

[plucky stag]

yeah

[noble crag]

Yes sir

[worn hatch]

will look into it later today

[sterile oracle]

I say this, just trade Gold, there is too much other chaos

[plucky stag]

powell speaks today becareful

[noble crag]

No Trade day for me probably

Until I see an A+ setup ✅

https://tenor.com/view/jerome-powell-fed-jpow-gif-4024490437338895401

[worn hatch]

Will trade later after his speech

[sterile oracle]

Dr P will make chaos

[worn hatch]

Who is his successor after him ?

[sterile oracle]

after dr p?

hmmmm perhaps MBS of Saudi Arabia?

[shy trench]

Accumulation (asia), manipulation ( london), distribution (NY)

[sterile oracle]

or Putin

even I am not sure

[trim crystal]

When I take that into account, I still go for the other way comparing the Americans 🤣

[plucky stag]

the real moves for us100 is always during nyse open thats when the stock market is actually open and the big volumes start coming in

[trim crystal]

My silver bullet is a copper one

[shy trench]

@rough jungle looks like its breaking

[sterile oracle]

copper?!!!

that is dangerous

it moves in blocks

[plucky stag]

nq moves based on stocks

[sterile oracle]

and its not smooth

[noble crag]

Micheal & Philip Jefferson ( Vice ) ✅

[trim crystal]

It shoots me instead of NQ

[sterile oracle]

lol

we should invest in labour mining lithium..

but you will lose the money as the companies will "borrow it".

keep an eye on Jefferson... as we know he is moving on up.

https://tenor.com/view/jeffersons-moves-dancing-partywithfriends-gif-6029900190465387412

[trim crystal]

I scalped EURGBP when the news hit, and AUDUSD a couple of hours ago, happy with %12 capital increase today, so let me lose %15 when I get greedy at FOMC

[rough jungle]

you seen that report on lithium, with current demand - supply isnt going to last past 2026

[rough jungle]

12% dangg - i need a 12% day again lol

[noble crag]

Bro went full margin 💀

[sterile oracle]

the lithium is high but its mining based

[rough jungle]

you know your deep when your margin turns red

[sterile oracle]

a margin call... nooooooooooo

[trim crystal]

Nah just like I risked 6% of my capital for those positions:D

[sterile oracle]

thats why i walk around afraid of a donkey kick

[noble crag]

https://tenor.com/view/damn-thats-deep-cody-ko-wade-the-real-bros-of-simi-valley-gif-16476225

[sand ruin]

[sterile oracle]

i will remain around 1600 during pressure

then I will have more kebabs by iftar!

[rough jungle]

gone 20 lots in nas for fun

[sterile oracle]

what thats excellent!

[noble crag]

https://tenor.com/view/kto-kounotori-kounotoritoken-lbow-storkholders-gif-25676483

[trim crystal]

Sometimes I get close to MC if I am sure of the way of the position and without using a SL, but in the end I am kinda correct so it returns to %1500 Margin instead of %50 😄

[sterile oracle]

i take ages to make such kebabs

take the blood pressure tablets

[noble crag]

I hope ScamDaq doesn’t scam you

[trim crystal]

Gambling addiction I guess

[sterile oracle]

and ensure you hit head on wall when in panick?

[noble crag]

https://tenor.com/view/side-eye-michael-scott-the-office-meme-the-office-memes-gif-3366628493242571963

[rough jungle]

we shall see only risking 0.5%

[noble crag]

400k account ?

[sterile oracle]

https://tenor.com/view/counting-money-paper-stacks-gif-22288204

just do gold honestly

[rough jungle]

nope this is on a 100k account

[sterile oracle]

when you can master it you will only die 8 times

[rough jungle]

tiny stop losses as always

[noble crag]

20 lots of NAS ? Probably pretty tight SL 👌🏻

[rough jungle]

always

[sterile oracle]

how on earth do you fund 20 lots?

[rough jungle]

funded accounts

[noble crag]

How tiny you consider tiny SL ?

[sterile oracle]

i can work with 0.5 lots at the moment

[noble crag]

5 pip ?

[sterile oracle]

63 more kebabs

someting is totally fubarred at the shawarma place

a jpy fellow is jumping from a building again...

xau has lost all support

[rough jungle]

no actually its big compared to that

used backtester for my strategy though and found 30 is sweet spot for my strat

[sterile oracle]

look at dxy..

[rough jungle]

god my swap would be so much higher if i held on funded

[shy trench]

F i just missed another short add on gu

[minor venture]

@noble crag did you long

[shy trench]

Nice

[trim crystal]

I just scalped a kebap on gold, realized I opened the position to the wrong way, closed it immediately earned $12 mistakenly 😄

[shy trench]

Are you holding during fomc @minor venture

[rough jungle]

ive forever doing that 🤣

except i enter a trade in like a -300 loss so its never profitable unlike yours

[echo kiln]

morning from over here

👋

[noble crag]

https://tenor.com/view/sad-cat-sunakook-tired-exhausted-gif-12161353741261453786

[trim crystal]

Morning mate, it should be like midnight in LA right? 😄

Oh it is 6

[noble crag]

Nope it’s morning too in LA

[trim crystal]

What a morning, waking up at 6 wow

[echo kiln]

yup

[rough jungle]

afternoon here i need to go grab some dinner

[echo kiln]

actually i wake up around 4:00am my time

[noble crag]

Eating habits 🍽️ 🤫

[echo kiln]

NY opens 630am my time

[trim crystal]

Ahh right

After NY do you sleep again or this is it 😄

[rough jungle]

last week i was just getting uber foods deliver me take aways for lunch ha

coach wants me back on my diet this week but meh..

ill start next week

[trim crystal]

What do you do mate

[noble crag]

https://tenor.com/view/bank-bitcoin-blockchain-cryptocurrency-cryptocurrencies-gif-23359058

[rough jungle]

mens physique but cant atm with my knee but he still wants me in comp shape again for summer before bulking in winter

ready for next years shows

$gains > gym gains

[trim crystal]

Oh wow respect

[sand ruin]

scalp. I closed early

kebab or soup

[trim crystal]

Happens the best of us

[rough jungle]

nice 💰 profit is profit right

[trim crystal]

Maybe beyran?

[rough jungle]

thanks man but takes over my life when im in prep mode lol taking my own meal preps out to resturants with mrs

[trim crystal]

Yeah I can imagine 🤣

[rough jungle]

isnt fun at all but i got a budapest festival in august so want to be off prep just before then

[sand ruin]

absolutely 💸

[sterile oracle]

So Budapest is very cool... do not walk too close to the Danube.

[shy trench]

@rough jungle just ditch that stuff and come train mma