#💱forex-chat
1 messages · Page 123 of 1
Most of the US firms will perish or either move base to DXB, UAE
Gold is playing with peoples lives xD, but yes short is coming up
Wish I stayed long now 😂
good morning
Morning
I did not see this one coming. I still maintain XAU is over priced
however with this balimore bridge thing and other geo political issues, XAU has driven up
The US need to do their printing and get their interest rates sorted. They have so far committed to 1 interest cut
This whole month would be bullish for XAU
EURUSD is in the 4h BOB and i expect a strong reaction, DXY is about to go sown in my opinion.
Luckily there is only a few days of the month left!
Yeah
Are you into futures? @sterile oracle
I just signed with Apex right now .. working in the payment stuff with tradovate
never tried them.. I need to see of fp markets offer them
I just lost two account from TFT thou
futures are high risk right?
Asset Variety: While Forex trading exclusively deals with currency pairs, futures trading allows access to a broader range of assets, including commodities, indexes, and interest rates. Leverage: Forex trading offers high leverage ratios, allowing traders to control larger positions with smaller capital.4 Oct 2023
from this, it seems there is less leverage on futures..?
Spot trading offers tighter spreads but incurs overnight funding fees, so it's better suited to day traders. In contrast, futures trading has wider spreads but no overnight fees, so it's more appropriate for position traders.
I am a position trader in theory...
Those traders who have moved from forex to future are happy in future and does not want to come back
🙂
No… it really sucks 😢
They won’t be back ?
TFT is dead and even if they come back .. no one would ever trust them again
But are you waiting for payout ?
Yeah been waiting past 2 months on both the account
Shit… it’s terrible ! I’m so sorry for you after all your hard work
No worries thou
Trader's life story and that is why I am trying to move into Futures now
but I still have my FTMO accounts ❤️
I think we can only trust them finally
Is it different to trade ? Or kind of same chart and indicators ?
yeah
Directly in TV itself
thru Tradovate broker
Ill take a look
its apex trading
apex trading or apex trader funding?
Apex Trading funding
are they two of them ?
no the other one is different 😄
Does anyone know how to swap tokens in the Coinbase wallet, with a high price impact?
Getting some terrible signals today. Each time 3/4 signal produced today, with 5/6 comfluences… immediately reverse and smash through smart trail and new cloud
USD index against NZD index 4h timeframes. USD in orderblock. NZD still has allot of room to freefall
always leverage the strongest currency against the weakest and of course enter as per your strategy
are you chosing a static or full account ?
i don't understand the monthly fees then you have to pay for a lifetime fee when funded ?
monthly as long as you are in eval then either monthly for teh PA account of lifetime fee...
the cheep upfront eval cost is not cheep if you pass the eval
alright! are you trading with them?
i am
unfortunately not successfully as ive not managed my risk well
forex is more preditible
futures on indices are wild when you see price swings it messes up with the psychology
not giving up though... It can be done 🙂
I didn't know it was so different
do you have to use TP and SL for each trade ? Are the rules more strict ?
every tick represents allot of money.. so you can make money quickly or loose it just as fast
I do use SL and TP problem is sticking with the strategy and taking the losses
Is there a trade in gold?
then for futures I find its extremely important to sit out the ranges... its better to just jump on when the trend is strong, get out fast while ahead and call it a day
i meant, is it a rule ?
؟
I dont think they disqualify you if you dont
alright ! and what does that mean "contracts" ? like 14 contracts for a 100k account ? is it like lots ?
Yes you can it is called GC as Gold
There's difference between mini and micro contracts
each tick when buying on contract on NQ is 20 bucks
But all information are freely available on Google 😁
or selling
Any trade can be found in gold.
Im already on a buy trade
from where
Forex Prop firm
ok thanks for everything
TP AND SL?
Tp sl?
Ok bro
That is how my chart looks thou
If you don't like the indicator within 30 days, we give your money back. @junior bolt
No questions asked.
Sign up on our site below for instant access.
Thanks
i just seen this.. i knew it was coming with them not paying out etc LOL thats one 200k account gone 🤦♂️
MFF gone
TFT gone
Just loading around
sticking with ACG and ftmo now for sure. FTMO wont be going anywhere
Gold has an idea or should be bought or sold
Look at HTF for better understanding instead of LTF
Do you have an active subscription? if so, make sure your Discord is connected here: https://app.luxalgo.com/account/connect-accounts
@worn hatch did you hold your gold trade?
Running $4.5k
ftmo account ?
Yup $200k
nice! i closed early I chickened out 😄
All good thou .. best to get out before 7 am NY
NY will maniplulate once it opens
I was already trading near the OB earlier one until the new Support came in now
I take it XAU dumps after this news...
Really enjoyed that 
TP hit automatically and I'm out too
Will trade again during NY session
wait to close them?
2nd one is 140 pips .. total makes to 240 pips trades
@junior bolt Where you in the same trade ?
Funding pips is good
Funded Peaks is good too ... 1 month old
im staying with ACG and doing FTMO atm
prob do an oanda one though
I need XAU to drop..
it was good whilst it lasted.. 2 year funded account gone lol
SFT and 6 other prop firm that belongs to Angelo is dead too
yeah bro
is news gonna dump gold?
yup
I read that on propfirmmatch post on X
GDP final q/q ?
Gold will be back to 2178
Market is moving the area to where it needs to be dump but there will be manipulation before the dump .. stay away from trades 5 to 15m after news
Liquidity grab 100%
I have zero trades for now which I wanted to get out before 7 am NY time
It’s gonna give a huge pump before a dump
okay so i shouldnt think about shorting now?
Don’t
Correct there are still a HH & ATH to be swept ✅
2220 is pretty scary for me
I am going to start to close trades to preserve margin
it seem @sterile oracle and Gold has argument earlier wherein he told her he does not care and won't think about her and rest is history 🤣🤣🤣
how do you see it needs to be swept?
Only if you understood economics and why real traders say stay away from ScamDaq, FraudJones & XAU because they are meant to rise in long term coz they move differently but newbie traders don’t listen ✅
I trade what I see not what I think 💭
it will come down but I just dont want a 2020
i belive i need to read about economics lol
They literally move like stocks & grow like any other asset commodities
I am with fundingpips now and already got 3 payout - every 5 days - and very fast !
But i only have a 5k account so...
Make the money from it and go and get the bigger account and enjoy bigger and fatter payouts
Did they integrate TV trades directly ? @green bluff
The problem occurs with bigger payouts 🤔
i don't think so but i didnt check tbh, i use matchtrader platform
finally...
Finally gold hit target 2213 nice
I had seen the CEO post where he was trading within the TV itself
no trades today been busy might wait for after ny news to trade or just comeback monday.remeber guys tomorrow is off abd we have pce and powell speaking so you can expect a massive gap on monday
Dont have any pending trades
I think it was possible before when blackbull was the broker
They only have matchmaker
sorry MatchTrader lol
@sterile oracle Bullish Vols increasing on 1D chart .. trade carefully
its dropping now at least
its being driven by dxy
however speeches made so far were hawkish
1 D is showing me this...
indicates it hopefully has hit the lid...
supp
55k drawdown
whats good
Oof
Hey man
hows life hahah
Nothing today i didnt take any trades.i am good just been busy
oh alright
well i got off gold
and my life is easier xD
i do scalp it from time to time
Glad you did
been improving alot
that's good to hear
good good. Follow good risk management and you will be consistently profitable
what pair are you trading now?
inshallah
Any suggestions on a scalping strategy using the S&O trading forex ? Looked all through the strategies and all the YT videos/shorts and none of them seem to work at all. The more confluences I’m adding the worst results I’m getting. Plus getting strong signals and then it completely reversing. If I did the opposite to all the signals today, would have been a great day. I’m just after a simple strategy using 1 to 5 min timeframes that is profitable and I’m able to be at the screens all day to follow
gbpusd eurusd some gold if i see clean setup also same stand for usdjpy and usdcad
No more nq @glass solar ?
Well tbh nq is not easy to trade it is as volatile as gold
Let me guess. You try strategy once, it hits sl and you conclude that it's a bad strategy, you jump on next one. I'm right, ain't I?
it is considered haram
in my religion
if you still have funds in the account .. use a 20-30 lot size and recover the money within 3 days or less
scalping
Hahaha try 36 trades….
That's nothing....
Backtest on paper account
For MONTHS
It is up to you ofc but the main reason why it is considered haram cuz it involves heavy speculation and gambling and that can be applied to the whole markets in general.they say daytrading is haram too. As long the systems are heavily regulated and it follows good fundementals and there is no riba involved i dont see an issue with it
yeah true but
nq is ownership of 100 companies ans 15 of them include interest and are declared haram cause of it
There is not a single company that doesnt run on loans and interest
business need big capital
I can trade SMC OTE absolutely fine, on higher timeframes, works great. But came across luxalgo and might have helped with shorter timeframe, scalping trades. I don’t need a price action/smc indicator as I know how to trade that fine. I can do my own analysis without the drawings being done for me. But thought looking at signals & overlays would be good… but finding it’s not given great signals, despite me back testing on tweaking settings/the presets… so unless S&O can provide better results. I’m not sure what value it can add to me
its alr man i do as i think its right everyone does different no offence 🤍
Yeah no worries
I see some clean setups forming but news in 30M 😮💨
😂 I can’t even trade on my TFT account anymore TFT fuxked big time
Been trading on personal acc for years. Peace of mind and i dont rely on some scam firm to pay me.it is my money and i get it anytime
@noble crag Are you the same Nick I knew off since 2022 in this server ?
I have been trading on real account before moving to prop space, Capital is problem sometimes 🤷🏼♂️ can’t wait to pass my Phase 1 with FTMO
🤔
I dont remember 😂
That is because you been doing Halal trading .. we love haram stuff 🤣🤣
Imagine having 10x100k accounts 💀 1% per day = 10k X 20 trading days ( you loose 10 trades ) you win 10 trades 1% each day = 100k a month 💀
You could be millionaire in no time ( only if you actually know HOW TO Trade )
You can do that on a $400K x 4 .. copy trading
Assuming they even pay you
That’s why having small accounts is beneficial
You can have a big acc but your own money
I mean I haven’t seen many 5-6 digits payouts other than that 1 dude with 120$ in payout
Initial money is already been paid .. We trade on zero capital from side thou
You are so easily to get flagged with 25k in payout even on a 400k account but not on 100k or 50k 🤷🏼♂️ but it’s just my opinion
Refunds 💰 ✅
Indeeed yeah
time spent not getting paid will never comeback
We use Prop firm money to fund our personal accounts too
the effort and work and the stuff you did all for naught
I would rather use that money to trade options and put that money into my secret sauce Investment
TFT has paid me earlier and not sad for loosing the funded account .. I have got more than what I needed too
1M in investments X times 10y annual % = 100k salary a year + rollover effect of growth you can potentially retire in Costa Rica in 5 years
Use prop firm payout into something else IRL .. have multiple source of income
It is a fixed game tbh any normal trading acc will experience 20% dd at some point
one or two closes does not make you any difference coz you got back up from another source too which is not trading related too
People are moving to futures now 😂 don’t know the risk involved in futures ⚠️
If you don’t know how leverage works time to go to school kids ✅
I have already sign up into futures with apex .. will buy a $50K challenge with them today evening
and see how it goes
but you prove to yourself thats not a sustainable source of income due to bs and breaches they do
have multiple source of income
morning
Pros & Cons in a nutshell
That differs thou .. currently there are new prop firm out of US which does not come into radar of CFTD that included FTMO too which is safe and sound
spending $500 for a $100K account to withdraw $20k+ per month is amazing
ftmo is merely trying to hide the ugly truths .you never know what are they doing to maintain their firm
They will be having 3 or 4 models size
I really think they copy trade their profitable traders ain’t no way they are working based off just challenge money
All they say we make money with challenges is crap
Apart from Sales they will be having Utilising trading data with their quant system and Investment models
so they do not solely depend on Sales purchase from Traders unlike other prop firm
Oanda is doing the same but their prices are expensive too
The good thing is the PRIME with FTMO, you literally get salary payout from FTMO which is unique in itself imagine getting salary just to trade
even MFF did the same
well if ftmo is consistently paying you 20k a month without issues thats great
My Forex FX or the one that got banned ?
The banned one My forex Funds
If I hit 20k in payouts with FTMO I will let you guys know but only if I pass though 😂 and make it till there rest is a journey 🐎
You make more thou .. thatz just an example thou
I lost my account on TFT🥲
Sorry to hear that!
20k is 1k a day average
Ezzz on 100k account
On a normal 100k it is like drinking water
And that is what I target per day and still give me more 🤣
yup
Same i aim for 1 to 2k a day and close the system
interesting clock
But imo if you can already make 500 to 2k on your own personal acc you dont need a prop firm at that point
😂
I still didnt take any trades today
Nothing Happened
@sterile oracle was it to drop badly than me
nothing major so far...
its generally positive which helps drop XAU
my draw down is decreasing..
can someone get Powell to follow Biden into a forrest?
Anyone trading gold ?
lool
I opened a small short on gold
Same
20 pips atm
2 lots for me 🤷🏼♂️
its going to dump for about 2 hours now.
Nah 2 lots too much
And how ? Gold killed me also
depends on the leverage you use..
you see this volatility bro? 2 lots will give u ez 10k+ drawdown
🤔
Killed you where ?
No FR is 2 lots too much ?
you have to study volatility
atm gold volatility and it is off the charts
On a low volatility or medium volatility 2 lots is fine
Not on a major news day tho
You need sl
Without sl you are risking too much
I have a SL 🤷🏼♂️
Manual on gold is not good
i have seen 1 min candle doing 100 pips
And thats like 2 days ago
yes so have a margin over 1000
and you can cope with 100 pips in a min
or you can set SL hard and accept losses if your entry is wrong
depends on style
see the ocilator
Well sure i guess 🤷
on a 5 min.. its dropping..
It’s not that volatile to go 100 pips in a minute
We got more news coming
I have see 100 pips in a candel
Would be done by then ✅
on a 1 mini chart
The news is there, my margin is improving...
4 hours of hell for me today..
but I survive
why do news channels put adverts in while news is coming?
I lot size based on volatility not my fictional stop loss. Different types of trading i guess. Low volatility i might do 10 lots or 12 lots cuz price moves like a slowpoke anyways
But if the waves are already strong and fast
You dont need much to get a good profit
Thats why atr is important for sl
Still Bullish thou
2165-2175 was on a short
@sterile oracle start praying 🙏🏻 😂
Came back as said earlier
Matrix Osci still has bullish Vols
Trade before 7 am NY time
agree
2% doubled my lot to almost 5 lots
2217 - 2 lots
2216 - 1 lot
2212 - 2 lots
All closed at 2207 😂
2% gain 🤷🏼♂️ can’t complain done for the day
Nice measured moves with the EU lately
@foggy warren You don’t call someone you don’t you in real life please ask all your questions here in chat 💬
Do it again and I will ride with you to the #dungeon 🪦
EU & GU had nice moves today
this fellow: ?
Missed those my ass was asleep 😴
yeah
messaged me also
Yeah
I am not shorting gold long term the daily candle is aiming to sweep PDH
i am waiting for XAU to fix itself.
I would only scalp gold for a short term scalp like minutes on 1-2M
i wont open new shorts as I watch
Wait till Christmas to email 📧 to Putin
lol
the real secret sauce is [redacted, too late friend] this secret message will self-destruct in 5 minutes
🙏
Are PAC breakers wrong ? Correct me if I am wrong
Most of them are mitigation blocks ( OBs ) and not actual breaker blocks
coz in MXMM study it’s completely different from what I see on my chats though PAC
That one has something to do with Mario brothers... lol
Gold market is close tomorrow ?
Good Friday
its that time again people. Mickys LIVE stream: https://discord.com/channels/641770286638694402/1178430832151638077
guess it is best to just stop trading for the day
market is sleepy
dxy is going up and down
and up
Balls
Literally shows the credibility of a prop firm like a 6 digit payouts 😶 Hats off 🎩 to FundedNext ✅
i mean they do it once sure but are they gonna pay you 100k everytime
Never seen that kind of payout before like a 6 digit bro
you will rob them clean
Only 1% make it to pass the challenge and payout of 6 digit is like 0.00.1% peeps
It’s very rare tbh to happen but congrats to that guy
it is not like he is getting paid 100k every month maybe he had a lucky month xD
100k is like 5k average every single day
thats alot for a propfirm acc that forces you to follow DD
Hehe 🙃 he has over 1M in payouts just in case letting you know
I saw his interview on YT
All props is around 5M 😂 he’s been lucky on XAU imagine a long with 50 lots from 1980 to 2200 😂, I mean rest is history
wasn't it a layered position?
even as layered you easily breach the acc
cuz that means price went against you
and you layered more
i do layering and ik dd can be nasty with a simple spike
then it goes down and you get profit
i meant averaging up, not down
e.g. move stop on position 1, enter position 2 - open risk now is same as initial on position 1 was
i guess but to do that for 50 lots?
Without ever taking profit
There is no way he got lucky 10 adds in a row xD
Assuming 5 lots per trade
Try it yourself average up you will most likely hit be by 3rd add
I have seen people do 60 lots for eurousd but it is like 1:10 rr with a partial 1:3
Win rate is 30%
😂
I am sure he was a Maths PHD before went on Trading Gold, bro must be buying real gold by now
just received it, it is now possible to trade with TV @worn hatch
Sweet .. Will get an account with them soon
@sterile oracle RIP positions
new gold ath coming
i live but not happy
good move 👍🏼
Struggle is real
if you have enough liquidity you can survive this stuff.
I hedge this crap 🤣
But it keeps growing lmao
hey there, what did you mean not accurate?
Gold didnt give a shit about positive dxy news today
Wasnt DXY bearish today?
Do you guys think it is possible to scalp on ftmo swing?
Thats the thing gdp,house news,unemployment claims were all positive dxy
dxy sold off then got back up
Weird price action
Actually not a single news that came out was negative for dxy
Even the smaller news
Chop city
Exactly
red is bearish ob, and blue is bullish ob?
@noble crag @rough jungle
I finally got my Ctrader log in details yesterday too 🤣
can you post the entire chart please, I am not able to analyze this
bullish OB's here
bearish obs are red candles which act as a support for price, blue ob acts as resistance?
seems like the opposite
Mickey is there an indicator from luxalgo that supports wyckoff or hurst
candle color has no bearing on the color of the OB's
Candle color is tracing the price not the OB
Not familiar with those teachings @unkempt hearth
it does like you said, red is = support and green is resistance, to me these OB's are looking false or am i just tripping?
the indicator is printing them wrong
Candle coloring is just reflecting the price at that point it doesn’t care about there being an OB or Resistance zone, once the volume dies out candle turns purple or red
This playlist may help on an overview od market structure concepts
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=IZhVdgTJ0sLDNj9y
so we can say the indicator is accurate with obs
since look
look it respected that ob
same with that
Thank you
I wanna short gold but market is closed tomorrow so I don’t wanna see a big gap on Monday 😂
😮💨 This week ended in 💚
Gold to the moon
Let @sterile oracle have breathe 😂
He is already having calls from broker regarding margin
Gold is at OTE entry for me like it’s a signal for short 😂
15M or 30M chart is Cleannn 🧼 AF 😮💨
It’s not risky it’s just the rollover to next day + gap
@noble crag i think we are on the disturabtion stage, look down there
its likely a fake
Yep
last time you said that gold went up 1000 pips
im going to sell at premium
Gold really didn’t cared about the news 🗞️ says why people still follow DXY as a measure to trade gold and forget the basic macros of economics ✅
should we wait?
i mean its going to go bearish
look at the manipulation
and project a price leg
It’s gonna consolidate till Asia ✅
ye
EurUSD was clear today
good pips
Matrix oscillation still has money inflowing to Buyers ✅ bulls are not easy to defeat especially during lunch
so what we do?
So let it consolidate and look for entries on Monday Killzone ( London )
ok ok
I missed EU & GU my ass was asleep 😴 😭
I am not touching gold for 1 whole week prolly. Trading at such high levels is dangerous without pullbacks i dont like shorting or longing it atm
Little bullish on DXY
Do we have any news ( red folder ) next week ?
🤔
Next week is so big news week with nfp as well
a bounce off that OB to internal liqudity?
then possibly to failure swing highs?
liqudity there?
the ob's on the chart are confusing me af
Gold is so much fun trade
so who is shorting GOLD
2214 -> 2219 ? How come you only made 130$ ?
Different contract size ?
If I catch that move with mine 2 lots it would be over 800-900$

I sold to 2247. It is not clear what this xau will do. If by chance it comes and gets it, it will make a good profit. 
It never touched 2247 ? How did you sold at 2247 ? 🤔
No, he didn't touch it. But if it comes, I will sell it from there
If it rises around March 21, I think it will be the predicted level. Because ICT or price action does not work anymore in xau
Not because of ICT but maybe you didn’t took economics in grade 12 ?
can any one write me using luxalgo ultime or anyone
Write what ?
no i didn't get it bro 
chat to get their opinions
I didn't take an economics course, but you don't need to be a professor to understand that indices move prices to a new channel.
If you don't like the indicator within 30 days, we give your money back. @junior bolt
No questions asked.
Sign up on our site below for instant access.
Amazing tool to use 🛠️ during trading so far has been good experience for me 🤷🏼♂️ no problems with support from lux either amazing community here at Lux ✅
But if you thinking you will get rich the next you buy lux ? Trust me bro you are not that guy
I don't want to get rich, I just want to grow my portfolio and I want to know if the best of the free indicators I have used so far is the luxalgo paid version, will it help me in the trading phase, will it help me with stoploss and take profit points?
on the other hand after 4 years of crypto I want to start forex and I am afraid of losing my portfolio when I start I am looking for help for this reason
What do you mean by stop loss and take profit ?
Doing scalps
😂
Let me watch gonna share results soon
where can I put stopplos after trading where should I take the profit
some of them stop before they make a profit.
No it’s doesn’t help with that 😂
Lux Indicators aren’t a quick rich sceme or something 😂
S/o has a built in tp and sl function and it is usually pretty good
but dont follow it blindly
Interesting, I was looking at shorts on this pair
I have 3 orders on these sides

i think there could be a discent amout of shorting here
looks like my TA was wrong
naw, I could be wrong too, just have to mag=nage the trade, thats it.
morning
this learning faze with trading is the 2nd most difficult thing ive done in my life as a man in his 30s the 1st most difficult is being a parent for two lol and listening to my wife 🤣
Lol, for me it's other way around. Being a parent for 2 is easy, trading is difficult
yeah youre right trading is most difficult
Trading is easy if you understand Price Action by reading the chart
Nah I won’t say so
Depends on the type of trading aswell
Lmao
Since we've seen a time change in the US I've noticed that spread is wider longer. So two hours instead of one
You will get there.
Just like you said, easier than raising your kids

Interesting
omg
Actually, I should have stopped, but the stupid HFM company stopped me with the spread and it fell to where I wanted. I HATE HFM.
Yohok
Welcome
Your first post
Not sure what that means, but welcome!
Have a look at the playlist for an overview of LuxAlgo's toolkits
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=ciW0rVIcyEDR3C9j
@mystic thistle
@noble cragbrother can you give me some tips about scalping in gold?
what is the different bullish ob,within bullish ob,entered bullish ob exit bull ob?
when i
when i creat alert,i want to know some detailed about it
The docs may help you here
https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/alerts
The Price Action Concepts™ toolkit includes built-in alerts for many conditions. Users can also set one alert using multiple conditions.
Does @viral quest have a divergence indicator? I’ve noticed most divergence indicators are very laggy
Oscillator Matrix has a divergence feature
https://docs.luxalgo.com/docs/luxalgo-toolkits/oscillator-matrix/hyperwave#real-time-divergences
@echo kiln appreciate u
what is the different bullish ob,within bullish ob,entered bullish ob exit bull ob?
doct do do not have the answer
Within = price inside the OB
Entered = price entered OB
Exit = Price exited OB
DON’T
i am beginner
DON’T
what is different inside the OB , entered OB?
What do you mean by that ? Inside or entered Ob ?
I can’t understand what you saying ?
Inside or entered Ob , could u have some pictuure to explan the different ?
do u have some pictures show some different ?
☝️

Within = price inside the OB
Entered = price entered OB
Exit = Price exited OB
https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/alerts
The Price Action Concepts™ toolkit includes built-in alerts for many conditions. Users can also set one alert using multiple conditions.
@echo kilnplease share some idea about gold scalping
Gold & indicies easiest way to blow your account especially as a beginner ✅ stay away from them learn your way and test your strategy on Demo and be profitable or start with a 100$ account and grow that before even thinking on scalping, it’s easy to swing trade rather scalp
Refer to this for strategies ✅
what about eurusd is it good pair to start?
✅
Pretty Good pair ✅
@noble crag @echo kiln thank you both of you
Several reasons:
- it's a pair that's traded a lot, so you usually get good spreads and trading volume through London and New York sessions
- has good correlations to DXY, gold, GBPUSD
- not as wick-y as GBPUSD
- has generally OK price action that will make learning a little easier, and doesn't move as fast as some assets
Morning fam ☕️
Good morning everyone
Not trading atm .. Will trade in NY session if there are vols
USDCHF looking good this morning, stuck in a daily Bearish order block. It failed to drop and going to retest it again today. I am long on this one.
happy Friday everyone
Hello everyone!
Hello
USDCHF looks good to go up. Went down earlier and now slowly climbing up.
hi everyone 
Hello
Bank Holidays are soo boring when it comes to trading 🙄
either use fixed tp or fixed R:R or w/e you like managing risk and taking profits is your responsibility.you can backtest and forward test different tp methods and see which one works for you
I don't know how you can help me.
you are right bro
Yep ! red folder news in 3h05, maybe it will move faster
Wait for like 15m for the market to settle well ... There will a wick here and there
gbpjpy
sideways sideways sideways 😕
not going to trade
why is market being sideways these days?
What TF ?
@worn hatch I tried to DM you...
why? what?
If I were you .. I would trade on LTF and still made money being scalper
TF = Time Frame
Trader language.. you should know this by now
oo i thought you were abusing me by "THE F8CK"
I haven't received anything yet
Lemme check
I am geting a message you wont receive messages from me?
I don't do those things in here
1HR
GOTCHA
It fun to trade on 1h Side ways
but not in my case
It all depends on what lot size you could be using
2 to 4 trades per day scalper
what are your average targeted pips on an average?
Yesterday's trade .. I just had 2 trades only in Gold
Yesterday was 240 pips in Gold
30 mins game
you trade forex, commodities, crypto, equity?
Only commodities - Gold
I aim for $1k daily .. but end up getting more than $2.5k and above
damn
brother tell me one thing
So one trade was 100 pips and nowhere one was 140 pips so total 240 pips
when i consider myself a profitable trader
ooh
Surely
👍
..
is there any imaginable criteria?
you are profitable when you earn more than you lose
Shi*** spreads right now
It all depends if you consistently profitable .. there will be losses too but you should minimise them and only take trade when you feel it's the right time
ooh
Bank Holiday .. London session
ok
so
how much time i would be consistant to be a P trader
1 month?
2 month?
a year?
does it matter? just make sure you earn more than you lose thats all.
if every day is green
you are profitable
To be profitable.. it would take you 2-3 years
hmm noted
Learn Price Action .. Read the chart as the market tells you inadvance where the trend direction will be heading
you dont need 3 years to be profitable. you can be profitable right now as long you manage risk correctly
dont lose more than you earn it is that simple
yes, thats the hard part
learning daily
For that they need practice and then understand what sort of strategic trader they are + not changing chart strategies and adding more indicators to confused them more in a long run
Most traders goes for full margin during news thinking they would be millionaire overnight without understand the Market condition
yes, i dont even use any indicator except volume
but you can be profitable even if it is a small amount
works on PA and psychology
as long you bring money home thats profitable imo
thats motivating thing thoa
👍
90% of trading is emotions .. keep your emotions aside and money will come to you ..
noted 👍
how do i takle a situation where my setup telling me to enter but couldnt (due to fear)
doing already
ok
reduce stress and emotions when trading at the start
this is still my enemy
yea the difficult part is when the market is either in a slump (can your strategy handle that? can you handle sitting on your hands and not doing anything stupid?) or when you have taken 4 losers in a row on the chin - can you still execute from an objective state of mind in that case?
i think the attached image is priceless in that sense @desert egret to put loss streaks in perspective . Even with a 60% win rate system there's a 70% chance of getting 4 losers in a row over a sample of 50 trades for example. Getting 4 or even 6 losers in a row in a 60% wr strat isn't a reason to change your strat per se, it's just probabilities working out
thx that will help me a lot
EU currently accepted support from mid February
ye i thought it was a good area to long
I'm waiting to go short though 🤣
maybe during powell
1.082 is what I'm looking at
now i think it will go up
I'm expecting it to hit 1.082 and then who knows
my TP is at 1.081
👀
I've learned my lesson, to never go against the trend. So I will wait for short opportunity 😂
Anyway looks like hidden bearish divergance on 15m.
Might actually keep falling...
bullish are coming on 15m TF
chilling with BE atm took partials here in just case news drops us way lower
How many pips do you aim for?
PwL
I go for 1.5 RRR myself.
depends on my mood and the market mood
oh yeah might exit early time to time 😁
Dear team
One question
I have lost many accounts coz still I need to practice on trading .. ....and I went to founded firm companies and I lost ....my question is ...... why I have choise lux algo indicators premium......plz I went you to tell me ?
literally 16 pips spread by exness
i give up trying to type long messages to end up getting filtered
micky can reply to you
Have a look at this playlist of videos that will provide a good overview of the premium toolkits https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=-5oRAgavv7WZoYfO
even tho its london session
Yeah the Discord bot does some auto filter on a few words and phrases. Sometime happens to me
gbpjpy
can you list the words? 
Not really as it is a long list
got 5 pip spread atm for it.it is indeed high due to lack of liquidity
it was a joke cause you'd get filtered and your message wouldn't appear 🤷♂️
thats why i chose eu to trade today
find a fixed spread broker
yeah but mine 16 pips
yup
you should not have taken the trade
today all markets on holiday
ooh
except for forex so liquidity is really thin
ooh no, i should have aknowledged before
during those times you either dont trade or choose pairs with low spreads like EU to trade
i think i really had
always check the spread before opening a trade.i do that even on normal days cuz my spread is also variable
will keep in mind
we would be trading properly from tuesday imo
what broker you use?
xtb
ooh ok 😅
I use FP markets which are not bad
i also use saxo if i want to have access to everything
forex,futures,stocks,etc
they have comissions tho but really low spreads if you are doing forex
you dont pay comissions if you use a certain lot size like half lot
so you can enjoy both low spread and no comissions
but it has pretty low leverage thats the downside
tho i mainly use it for stocks,futures not for forex
i like xtb for forex
Same
FP markets are based in Australia if remember correctly
idk but you can google brokers available in india
there are but
problem is
govt only allow indians to trade only 7 pairs
and a time limit
9am - 5pm
fk
yaa kinda
Your lucky.. I got 9 am to 6 pm job 😅
but i trade b/w 3-6 pm
Where do yoh work ?
dafuq! slavery
my spread increased from 16 pips to 30
woww is it a joke? 😢
..
damn
but not 5 days i hope
market moving in my direction but still in loss
i am out for today
turning off my pc
see you guys on monday
it is ok man live to see another day
🖐️ yup
my TP is of 15 pips
you use a scam broker
exness
Thank you for keep my electricity on 24/7 ❤️
@plucky stag im in loss due to spread but if my TP hits, should i mark it my winning trade
even tho my SL hit
Thatz confusing 😕
Hopefully the shi*** spreads become normal in the US session. US banks are open today I guess.
Nope
We take every holiday lol
yea I am talking about banks not humans lol
spreads are insane today
Trade on Tuesday .. better that way
Just take your long weekend lol
Markets keep ranging.
If you really cant help it go for some fun scalping with lower lot size
When I test and play, I use 1,000 units in real acount
Make a dollar, lose a dollar
literally
LOL
I mean just do for fun
i wonder whats gonna happen to the price when powell speaks
should i get out of my long on GBPUSD and AUDUSD
Gonna be a nice DXY gap come Monday🤷🏻♂️
NVM i got out og AUDUSD just in time
Got punished and see where eurusd and gbpusd is now
Pff
I was in at 1.09+ and he spoke and my sl hit 🤣
I'm watching, managing, and stalking
you scalp correct?