💱forex-chat

[echo kiln]

Both swing and scalp

[agile hornet]

ahh both short and long-ish term trading

[strong snow]

How's your position?

Looks juicy

[plucky stag]

yeah i got full tp

[strong snow]

Careful 5m making bearish divergence

Ah nice

Checking 1.082 like hawk 😎

1.8168 to be exact

[worn hatch]

Seems currencies is moving and Gold is stuck

@midnight cargo How can i help you ?

[minor venture]

Is that much chart data enough to decide sir

[echo kiln]

Everyone doing ok today?

[forest turtle]

What do you guys think of EURUSD, will it brake the OB or bounce? Usd looks weak today after the data came out.

[blissful leaf]

#🚀crypto-chat message

👀

[sterile oracle]

XAU was interesting and you were most correct on warning me.

I will scalp now

as macro data required corperate level of money

So, can you confirm this thinking.. economic calendar, screeners, 1d, 4hr, 15m then scalp 5 min....

and this will be a surprise that reduced my arrogance, 2:1 ration on trade.

also avoid news

finally small draw down

[plucky stag]

it is ok bro just go vegan for few months

[minor venture]

Lol tell me one thing. it's Heatmap easy to decide where market can be dragged .

[blissful leaf]

good friday special stream https://discord.com/channels/641770286638694402/1178430832151638077

[halcyon roost]

Any views on XAU/USD after today's PCE report and Powell speech?

[strong snow]

Yeah xau to 0

[halcyon roost]

I meant on monday

[sterile oracle]

wait for the media to make comments as this will drive people me thinks.

DXY showed me this..

Its ironic, but I could end up scalp shorting on tuesday..

[glass solar]

not to shabby

[remote citrus]

It will go up till 1.08645

[noble crag]

Setups/pairs cooking 🍳 ?

Damn looks like I am late to the party

[icy wraith]

👍

[echo kiln]

Welcome

[agile hornet]

whats up with TV, AUDJPY has stopped

[swift flare]

vaov what a bot

[echo kiln]

Low volume and heading into weekend on this bank holiday

[agile hornet]

ah okay its normal then

[echo kiln]

correct

[agile hornet]

okay cool i thought my pc was messing up

[cerulean breach]

how does this work

[worn hatch]

https://tenor.com/view/mr-bean-gif-23140940

[cerulean breach]

brb

[agile hornet]

ahh its the Gardener Magic

[worn hatch]

Haven't taken any trades today .. what a boring day 😴

[glass solar]

haha

had 2 setups not bad

[agile hornet]

it has been a slow day i took some trades when news kicked in but nothing big

[worn hatch]

Let's wait for Monday but if not Tuesday and will cover up the money of today's trade

[shy trench]

Monday new quarter new month. and manufacturing pmi, that negative pmi started gu and eu to 1.285 and 1.10 🧐

Month ago

I don’t see euro recovery at all tho

GBP maybe

[agile hornet]

sounds like a plan

[agile hornet]

i was thinking the same GBP is going up

[shy trench]

Euro has negative data and active saying they will rate cut and don’t need to wait for fed. GBP data isn’t great but they atleast say they probably will wait for fed rate cuts

[agile hornet]

seems like Euro are going against the US

or is this normal?

[shy trench]

You mean up?

[agile hornet]

yeah

[shy trench]

Ye it retraces after a down movement

But I will look for new shorts

I will look for 1.07 as first target for eurusd when I find a short

[rose surge]

ah the joys of variable spreads
this is why i would never use a variable spread broker on my personal account, too much dodgy stuff going on

[sweet hill]

To anyone who passed the apex funding trading account, what do you need to send out for kyc?

[noble crag]

You guys passing challenges ? 👀

https://tenor.com/view/you-guys-are-getting-paid-gif-20686662

[atomic anchor]

@echo kiln Hi. Are there specific strategy videos on signals and overlay indicator?

[echo kiln]

Have a look here
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=1ZKl0CaUUHujGZgc

I also go over simple strats in my live streams here
https://discord.com/channels/641770286638694402/1199356285813006367

[icy wraith]

https://tenor.com/view/money-make-it-rain-rain-guap-dollar-gif-7391084

[sterile oracle]

morning all... i am doing this.. https://ftmo.com/en/faq/step-1-ftmo-challenge/#maximum-daily-loss

This means I have to be very controlled in trading.

4 days of pain.. but its a good investment

I am using AI to assist me... 🙂 Absolutely, I can help you with some tips and strategies to tackle the FTMO Challenge. The FTMO Challenge is a proprietary trading firm's evaluation process designed to test if a trader has the skills, discipline, and mental endurance to manage the firm's funds. Here are some tips to increase your chances of passing the challenge:

Understand the Rules Thoroughly
Profit Target: Know the profit target you need to achieve within the specified period.
Maximum Daily Loss: Be aware of the maximum loss allowed in a day.
Maximum Overall Loss: Understand the maximum overall loss limit.
Minimum Trading Days: You're required to trade for a minimum number of days within the challenge period.
Develop a Solid Trading Plan
Strategy: Have a clear, tested trading strategy that suits your trading style. Whether it’s scalping, day trading, swing trading, or another strategy, make sure it's well-practiced.
Risk Management: Implement strict risk management rules. This includes setting stop-loss orders, only risking a small percentage of the account on a single trade, and adhering to the daily and overall loss limits.
Discipline: Stick to your trading plan. Emotional decision-making can lead to unnecessary losses.
Practice and Prepare
Simulate the Challenge: Practice with a demo account under the same conditions as the FTMO Challenge. This will help you get accustomed to the pressure and the rules.
Review and Adjust: Regularly review your trading activity. Identify what’s working and what isn’t, then adjust your strategy accordingly.
Psychological Preparedness
Stress Management: Trading with the added pressure of the challenge can be stressful. Find ways to manage stress effectively, such as taking breaks, exercising, or meditating.
Decision Making: Work on making swift, yet thoughtful, decisions based on your analysis and strategy, not on emotions.
Technical Preparation

Applying the Rule to Your £70,000 Challenge:
Daily Loss Limit: For a £70,000 account, the maximum daily loss is 5% of £70,000, which equals £3,500.
Example Scenario: If you close the day with a loss of £2,000 in closed trades, you cannot afford to have open positions that show a floating loss of more than £1,500 for the day. This total still keeps you within the £3,500 limit.
Effect of Profits: If you earn a profit of £2,500 in one day, your maximum daily loss for that day would effectively increase to £6,000 (£3,500 original limit + £2,500 profit), but remember, this recalculates daily at midnight CE(S)T.
Strategies for Managing the Maximum Daily Loss:
Monitor Trades Closely: Keep a close eye on both your closed and open positions to ensure you don't inadvertently exceed the daily loss limit.
Incorporate Swaps and Commissions: Always factor in your commissions and swaps into the daily loss calculation to avoid surprises.
Use Stop-Loss Orders: Implementing stop-loss orders can help prevent a single trade from significantly impacting your daily loss limit.
End of Day Strategy: Be cautious towards the end of the trading day. If you have open positions with large unrealized losses, consider whether it's worth the risk to hold them past midnight CE(S)T, as the profit or loss slate is wiped clean for the next day.
Adjust Based on Profit: After a profitable day, you may have a larger cushion for the next day's trades. However, remember that this does not carry over past midnight, and each new day's risk calculation starts afresh.

so there we go...

[rose surge]

make sure whether you have a swing account or not

[sterile oracle]

its not swing

I am going to have to scalp hard

[rose surge]

swing still has like 1:30 leverage which is generally plenty if you risk <=1% unless your stop is SUPER tight
advantage of swing is (from the top of my head) you can trade/hold through news and you can hold over the weekend

[sterile oracle]

I am thinking I will continue on XAU.. I going to have to use an SL of about 40 pips

and have all trades closed at news times

[rose surge]

https://ftmo.com/en/a-few-answers-to-your-questions/

first paragraph describes it
which one is 'better' depends on how you trade of course, but something to be aware of: stricter rules for non-swing

[sterile oracle]

If i have a bad trading day, I will have to stop before the threshold.

If my entry is good based on decent analysis, then I can get the pips needed

also I wont stay on pure XAU

maybe 3 other pairs based on screener

[rose surge]

do you ever hold overnight? because you cant do that unless its a swing account
max drawdown etc. is same between the accounts

[sterile oracle]

I used to hold for days as I was always a swing trader.

I am converting to scalper for this challenge

[rose surge]

https://www.youtube.com/watch?v=YqUoQk0AXKc
this video helped me when i signed up to FTMO to get a better grasp of the rules and the different account types. I couldn't get over how the guy overpronounces everything so I had to listen to it without watching or i'd go mad lol

[sterile oracle]

let me watch many thanks!

[rose surge]

it's like watching someone practicing speech therapy

[sterile oracle]

he moves his mouth a lot

so question: how far away from news do I need to be

[rose surge]

idk i got a swing account

[sterile oracle]

2 minutes!

2 mins before or after..

basically in this time you cannot open slose or adjust a trade

[rose surge]

yea easy to slip up if you have a stop/tp in and it's news that's not on top of your mind (so other 'forbidden' news aside from FOMC/CPI/NFP)

[sterile oracle]

yes

there is a cool tool i saw on the video where it reminds you google

he recommened 15 minutes before and after.

it means trading sessions are quite different

[agile hornet]

@desert terrace hey i would like to know if its you that is trying to DM me because there are people who are out there trying to scam others, if it is you i would prefer that we talk on the community chat that way we all can grow

[sterile oracle]

I found another interesting thing its at market closed all trades are done and closed every night and over holidays. There is also a switch over period restriction

[agile hornet]

good morning BTW @sterile oracle how are you ?

[sterile oracle]

not bad and good morning to you!

I have entered an FTMO challenge

have not opened a trade yet.

as waiting until tuesday

hope your having a good weekend?

just attempting to learn every rule also

[agile hornet]

the market isent opnening on monday?

[sterile oracle]

Not sure its a national holiday in UK and USA

so all you have is asian session which I dont trade.

[agile hornet]

its best to wait then, my weekend is good im reading about Noam Chomsky

[sterile oracle]

which book you on?

he has some good audio as well.

[agile hornet]

reading his book "how the world works"

[sterile oracle]

thats a good one

he covers "free aid"

[rose surge]

read 4 bukowski books the past 4 weeks... really longing for a drink now

[agile hornet]

i havent gotten to that part yet

[sterile oracle]

https://chomsky.info/19990312/

[agile hornet]

who is Bukowski?

[rose surge]

a writer

[sterile oracle]

charles?

the poet?

[rose surge]

yes
more like the alcoholic, but poet too and novelist

[sterile oracle]

googled it... "As Bukowski writes in a poem simply titled "Drinking,": "for me/it was or/is/a manner of/dying/with boots on/and gun/smoking and a/symphony music background." On Drinking is a powerful testament to the pleasures and miseries of a life in drink, and a window into the soul of one of our most beloved and enduring writers."

I have not read anything by him but heard of him

I would recommend against drinking. Many smart people have lost their lives through it or hurt those around them.

[rose surge]

i recommend the hurt people to drink in order to lessen the hurt

[agile hornet]

oh yeah drinking alcohol isent a means to life when one is sad

[sterile oracle]

escapism. There are many cultures who have removed it. Including even the USA during the 20's ... It will change a persons mind and they will eventually regret certain actions. In Saudi Arabia for example, in 1972, Alchohol (which actually was invented as part of islam known as Alcool ) was allowed. What happened is that a Prince shot a member of the CIA. It was then banned along with death penalty for drugs.

The only thing more addictive than alchohol and drugs is corn fructose and processed sugar...

none of these things help a trader

coffee can though if black 🙂

[agile hornet]

ah man so im gonna have to stop drinking coffee with milk?

[sterile oracle]

as long as your not lactose intolerant

lol

i take it black and espresso style

[agile hornet]

good im not lactose intolerant

[sterile oracle]

random knowledge.... tea has more caffine than coffee....

green tea is very good as well as arabica coffee in my opinion... dont get me started on tobacco, lost a cousin to it and understand why laws are coming in the UK for example ensure a young person never is allowed to smoke.

[rose surge]

yea the tea leaves have more than the coffee beans but a cup of coffee has a higher concentration of beans than tea has a concentration of leaves by such a margin that a cup of coffee has more caffeine than a cuppa tea

[agile hornet]

i love green tea

[sterile oracle]

a collegue of my father who is now retired https://en.wikipedia.org/wiki/William_Sampson_(author)

[rose surge]

... generally, of course you can put kilos of tea leaves into a cup in theory

[sterile oracle]

he was a good chemical engineer

[agile hornet]

i dont smoke but i use somthing called snus here in norway which is tobacco you put under the lip

maybe i should quit with snus

[sterile oracle]

I also know of beatle nut which you get across india and bangladesh know and "paan".... I tried it once, my teet were red and I felt dizzy... never again...

also if you arrive in dehi airport there is a smell in the air from "biri" which is still tobacco but smells..

one other random thing Malaysia durian fruit is also banned in hotels. Even though its apartently tastey, it smells rather oddly.

snus i have never heard of.

my father used to use "snuff" its a poweder and used to make a mess. It was used by the British in the late 1800's and remains in india even now.

Then you have the Yemmens who is Khat which sends them doolally for war

[agile hornet]

this is snus

[sterile oracle]

looks... unusual.

[agile hornet]

its acutally nasty and i dont understand why i use it

snus is a scandivavian thing

norway, sweden and i belive denmark use it

[sterile oracle]

interesting, never heard of it

i guess you got hooked on something you dont like?

[agile hornet]

not many people do

[sterile oracle]

https://harmreductionjournal.biomedcentral.com/articles/10.1186/s12954-019-0335-1

[agile hornet]

yeah i dont like it, its easier to quit smoking than snus

yeah im gonna quit snus

its nasty

[sterile oracle]

take it easy on the withdrawl i guess, seems it pretty strong stuff

[agile hornet]

yeah it is strong

[strong snow]

Nah we in Latvia use it like nonstop 🤣

[agile hornet]

really? i didnt know that

[agile hornet]

you snus @strong snow ?

[strong snow]

Hell yeah Im an addict

[sterile oracle]

wow this topic has gone way far of forex trading ! lol 🙂

[strong snow]

I already hit tp

[sterile oracle]

🙂

[agile hornet]

yeah sorry lol 😅

[agile hornet]

me too lol

maybe this talk should be on @hangout

[lofty storm]

Suggest me best forex broker...

[rose surge]

Yes master any more demands?

[sterile oracle]

Riddle me this batman (apologies I was watching some classic batman), - Lot size.. I have for 200,000 1.98 lots on XAU and by this logic to be safer 0.5 on £70,000 ? Do you concur?

[glass solar]

idk man

do you have ur own strategy that u use consistantly

[strong snow]

Yes, Mr. Tate

Top G

[sterile oracle]

https://www.youtube.com/watch?v=3PdAxVeF-jo&ab_channel=Kieran|Traderseed

not a bad one..

you dont watch the whole amount... look for an EA called portion size calculator... it may help the question and help you under stand the size of a trade your are taking a position one.

on*

it worth learning how to install EA's if you feel the need..

Note to all this is not for beginners

[strong snow]

Just use 20 lots and you will never go wrong.

At least that's what I do

[sterile oracle]

errr... ok but....

20 lots huge unless your trading with millions?

[strong snow]

Idk man

Who knows 🙃

[sterile oracle]

fair enough, i dont ...

[strong snow]

Just Scalp 100pips here and there

[sterile oracle]

got it

at that point its possible as long as your entry is perfect

and there is no news

do you trade at leverage?

if you do, I recommend this... https://www.earnforex.com/metatrader-expert-advisors/Position-Sizer/ of the video supplied

[dawn sierra]

https://www.babypips.com/tools/position-size-calculator

[glass solar]

i was talking for M

since hes kinda investing in gold at this poitn

[sterile oracle]

lets see, Gold was a killer on Thursday as I setup backwards.. I dont recommend my style at all.

[sterile oracle]

Does this go directly into your EA?

i am more MT4 knowledgable.. to make EA do their things..

it allows fluent trading.

this is pretty advanced stuff and very dangerous.

you cannot really work out if an EA is very goood

as there is no backtesting...

I use only the tools not the "auto traders".

[dawn sierra]

sorry i do it all manually bro

[sterile oracle]

yes same

but i am using this as a tool.. to help me calculate lot size vs. account vs. margin

[dawn sierra]

i fill it in online and then i know my lot size

good enough

[sterile oracle]

I will try it. as it may be useful... attempting an FTMO is very challenging so I am spending time to look at how to make it easier.

[dawn sierra]

i have a ftmo account asell but was kinda easy to complete tho

[sterile oracle]

I will experiment with this one and see.

[sterile oracle]

I have not done a funded one before.. So I am arming myself with as many useful tools etc as possible

[dawn sierra]

smart bro

i always risk 0.5%

fill in SLpips and price of entry

then you see lot size

most of the time its 0.17 or 0.20 lots

but on gold 0.05

[sterile oracle]

yes XAU is a tough one

i have modded my MT4 now..

let me restart.

success..

so now I am applying this to all 4 of my ftmo

now I have to get the automation part to cast trades to each one....

yes another EA to add..

so this does function...

always good to do these things in holiday times...

from what I can work out it will tell me size of lot to make when making an order...

R&D cant be beaten

well thats insane...

I remember one more EA to hard set a trailing profit.. I will add this also...

[dawn sierra]

no idea how this works

[novel ledge]

Same

[dawn sierra]

thats why i do it manually 😛

[sterile oracle]

ah cool

its pretty simple

this auto calculated on £70k... on default for 0.87 as my lot size

I can now apply this to every pair I trade with

also I have read it actually adjustes based on open trades...

🙂

i simply clicked ok as I got bored

its worth playing with

one thing i noted is default position long / short.

please kindly note, dont try this at hom..

e

so its looking like this..

The integration in lux means I look at the pairs I personally trade

rince repeat...

god speed for me trading but, I think i found correct lot size calculator

[icy wraith]

Monday eur/usd ?

[minor venture]

What's this software annon

[sterile oracle]

before I can say, I wish to test it through

i cant even comment on if it works

it seems to be for FTMO passing more easily.

You need to be experienced with EA to use it.. so I cannot recommend. In terms of monday eurusd... I am not sure the markets are open especially USD which is on holiday

I am using Lux and this to help me only calculate lot sizes. not more

it could in theory stop me getting margin calls or being mega stressed like thursday

FTMO could be exchanged for any other reputable company also..

[sterile oracle]

ok with some extra work at least on xauusd... i got this..

I will be doing certain things to even allow a trade with this..

its all Lux.. but its quite accurate on position size on one pair with a decel SL and TP which will be driven by HTF LTF 15m then finally getting to 5M scalps..

let the experiment begin. Please kindly nobody follow this experiment..

I have also put commssion at 500..

apologies changed to percentage... hyper commission..

so the idea is on scalping here.

for each long or short, it will adjust and I hope it moves with market otherwise it will explode the account.. God speed, Jazallah...

lux admin,.. kindly consider this as an idea should it work.. (which it wont..)

you can rip the code out this this btw..

[frank agate]

Hi there are French user here ??

[sterile oracle]

I have latin if that helps but I cannot understand modern french

I think you are possibly new and its a good idea to speak to a moderator.

[strong snow]

Bonjour

[minor venture]

JUST IN: 3,000 blocks remain until Bitcoin halving.

[echo kiln]

Im hungry

Time to eat

[wooden dirge]

Hey

New here - what does premium offer that makes it worth the purchase

[agile hornet]

hello im new-ish here too from what i have exprienced is this toolkits help with making up your own statagy and the community are super helpful and help one and other, @echo kiln he is a G when explaineing PAC, SO, Matrix and the screeners, he has helped me a ton on learning he could lead you in the right path

[echo kiln]

For Premium, you have access to the Signals and Overlays and the Screener, versus the Essential plan, you have access to only the Price Action Concepts and screener
https://www.luxalgo.com/#premium-packages

https://youtu.be/jOamxUcNYEg?si=oAEfXpm-4atgz7Rj

[drifting merlin]

Why is it still closed for me?

[echo kiln]

You need to complete the process, just refresh or restart TradingView

https://docs.luxalgo.com/docs/getting-started/setup-toolkits

@drifting merlin Also, your Discord has not been connected to the LuxAlgo exclusive channels yet.
Go to your welcome email, there should be the Discord link to get connected to the subscribed channels that are included with your subscription

[drifting merlin]

restart helped, thank you

[echo kiln]

Dont forget to connect to members area in Discord
#💱forex-chat message

[strong snow]

#🦠report-spammers

[charred mural]

Heya micky, wassup bud.

Can anyone guide me how to add roles if i want to add crypto role to myself?

[worn hatch]

Hello

[worn hatch]

To chat in crypto you would need to be premium member

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/

[prime garnet]

i see on US30

there resets

rests

faliure swings low

[echo kiln]

You are not able to add your own roles.
Roles are reserved for subscribing members

[prime garnet]

so liqudity is likely lower

[charred mural]

Ho kingfisher, nice to see you fam, hope your day is going great .

[worn hatch]

Nice to see you too .. Happy weekend 🙂

[prime garnet]

a projection manipulation leg tells us on us 30 on the 3.6 level that liqudiy is resting there

[charred mural]

Oh i thought i can add a role just to participate in crypto discussions.

[prime garnet]

i will wait for the fvg to become an inversion

if it does

then i will use the inversion gap as my entery

[charred mural]

Happy weekends, can i ask your pronouns if you don't mind.

[echo kiln]

Subscribing members have full access to all the channel rooms

[charred mural]

I think i need to visit the website and subscribe then.

[echo kiln]

@charred mural Yeah, lets go
https://www.luxalgo.com/#premium-packages

[charred mural]

Lessgo. 👍

[echo kiln]

[prime garnet]

my plan is simple

use this fvg as inversion gap as my entery

on US30

then go long short for all the liqudiy down there

[echo kiln]

What do you like to trade with? market structure?

[prime garnet]

lot of swing falirues liqudity on Daily timeframe on the US30

[echo kiln]

This video gives a great overview on the toolkits and subscription levels
https://youtu.be/jOamxUcNYEg?si=6j7TEWeZgRJPOo6P

[prime garnet]

a possible inversion fv

fvg

im looking for that

[charred mural]

Sorry micky for late response as i's going through the website. I would like to trade using oscillators and MACD and learn more about how to identify money flows. And i think the oscillator would help me with that info. I also want to learn about different market setups identification.

[charred mural]

This would be of much help TBH. Thanks.

[echo kiln]

Looks like the Premium plan would work for you, the middle plan.

[prime garnet]

OB on ETH

price respeting that ob @echo kiln on ethrium?

[charred mural]

Absolutely, there's one thing i want to discuss, i've a different trader account registered on trading view through which i wish to subscribe the plan, will I have access to the discord channels.? 🤔

[echo kiln]

Yes, discord account and TV account are seperate, one is not tied to the other.
During the sign-up, just provide the accounts for TV and Discord for which you like to have access with LuxAlgo

[echo kiln]

Not sure, I havnt paid too much attention to ETH lately
What do the folks in #🚀crypto-chat think?

@prime garnet Are the charts you posted ETH? I wasnt sure as they were partial charts and no symbols?
Sorry confused as my mind is on forex for this channel and thinking, isnt FX closed?

[charred mural]

Great. 👍

[prime garnet]

yeah, look at it, its going to change to internal liqudity which is the fvg

a Bullish 1H is being respected

its not even at 50% of the OB

i set my stop loss under the OB

and my target will be the FVG

[echo kiln]

Im actually looking what the gap will be on Monday with the DXY and looking where the other pairs have traded yesterday, since the DXY was closed yesterday

[prime garnet]

although its a 1.5

reward

[prime garnet]

did you know dxy effect forgien currencies, so if it goes up and many are saying, it will have huge impact on forgien currency

[echo kiln]

yes, yes, and YES

[prime garnet]

xd

micky mouse

@echo kiln ETH, OB respected Target FVG before going down, well you can wait for Inversion to happen on the FVG and target the Swing Highs

[echo kiln]

huh?

[prime garnet]

aint too late to buy on ETH, still on discount

[echo kiln]

FYI, this is a forex channel

[prime garnet]

ik broda

[echo kiln]

Just reminding you

[prime garnet]

no shit

[echo kiln]

Thinking about joining us soon?
https://www.luxalgo.com/#premium-packages

[prime garnet]

im cool

i dont need it

i can mark fvgs, breaker blocks, discount premium myself as well trend lines

[echo kiln]

Didnt know if you knew as you are posting crypto charts in a forex channel

[echo kiln]

what symbol is this?

[prime garnet]

ETH

sorrh

sorry mb

i cant talk n crypto chat wtf

[echo kiln]

I do not want to confuse the other members here

[echo kiln]

few channels are reserved for full access for subscribing members

[hybrid flax]

eyes on this one

[echo kiln]

that looks good

I like that gap too

[noble crag]

News 👀 🗞️

[lilac imp]

Hi all I am new here, any suggestions on setups and videos I should watch for the best win strategies?

[noble crag]

Yes but have to premium member to avail that

Join today risk free

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

[lilac imp]

I am a premium member

[noble crag]

You don’t have that premium thing next to your username, have you linked your discord account ?

[lilac imp]

I believe I did

[noble crag]

Start your journey here -

#✨community-guide
#🧠core-lessons
#📈must-watch

& move to #1128499789437354106

[lilac imp]

cheers

[noble crag]

🍻

[sterile oracle]

morning!

[icy wraith]

Morning 🙏

[worn hatch]

Wishing you and your family Happy Easter 🐣

Morning fam ☕️

[icy wraith]

U tooo bdhr

[sterile oracle]

Morning @worn hatch

Did by any chance you manage to read some of the messages I did yesterday afternoon?

[worn hatch]

Nahhh .. guess I missed them

[sterile oracle]

I am attempting to pass the FTMO

you have one of those ?

[worn hatch]

I have 2 x $200k funded with them

[worn hatch]

Wishing you the best

End of this week will be buying $300k challenge from Funded Peaks soon

[sterile oracle]

are you using your XAU approach to pass this one? I dont think you will need luck, just your logical approach

out of interest what lot size would you normally use on 200k?

[plucky stag]

he goes from 10 to 20 lots

he scalps very short periods with very high lots

thats how he makes alot in one day

you will blow your acc if you try to copy him xD

[sterile oracle]

yes he explained the time frame approach LTF of 1 day to get a feel then, 15 minutes to watch, then 5m to scalp

I was thinking 0.68 lots based on a 70k account

[plucky stag]

lot size is always based on your risk

[sterile oracle]

yes i got a decent EA to calculate this.

that way I dont have to use an excel sheet

[plucky stag]

i dont have a fixed lot sizing since i trade based on volatillity but i dont go more than 10 lots usually on gold

it can be as low as 0.5 lots and goes to 10 lot

[sterile oracle]

ftmo does not allow news trading. so i cant go with extreme volality

[plucky stag]

welcome to gold bro

[sterile oracle]

🙂

[plucky stag]

300 pips with no news

[sterile oracle]

its volatile i agree

which is why picking entry is important

[plucky stag]

thing is all the big levels can be traps

[sterile oracle]

yes false ups and downs

[plucky stag]

you saw that 2180 level was a big weekly level for shorters but easily they got destroyed

[sterile oracle]

yes

I would assume that more shorts are possible as I think there was a lot of positive news

[plucky stag]

gold is going one way atm and thats upwards

[sterile oracle]

yes thats what i think..

if i contra scalp shorts on it, I will lose the fTMO challenge, so I am going with the flow

[plucky stag]

yeah it is best to wait for a dip to buy than to go against it with shorts

[sterile oracle]

I will focus on the oscilator

[minor venture]

Oh big people again discussing

[sterile oracle]

you mean on news?

[strong snow]

I'm actually only 160cm

[sterile oracle]

Is gold even trading tomorrow? or are most markets closed. for example its a bank holiday in the UK tomorrow. I can see the US does not have a holiday.

[plucky stag]

april fools tomorrow dont get fooled

[sterile oracle]

fools gold?

lol

[plucky stag]

ye

[sterile oracle]

is it scalpable tomorrow during US session, or is Tuesday more the day?

[plucky stag]

idk anything can happen i need to see whats the sitaution

alot of news tomorrow as well

very heavy news week

i would say tread carefully

for me i will go with minimum risk just to make my daily goals

[sterile oracle]

that 3pm one.. I will stay away from

I have to stop and close trades 15 minutes before the news then start from 15 minutes after

would you recommend I leave more space?

[plucky stag]

for ftmo or for gold ?

[sterile oracle]

for gold on ftmo

[plucky stag]

comeback 1 hr after news i would say

[sterile oracle]

cool I will take that on board many thanks!

[plucky stag]

there is usually a small correction after news event then it will continue same trend

[sterile oracle]

on FTMO can you actually keep the profits during the challenge?

[plucky stag]

no

[sterile oracle]

i mean step 2?

verification

[plucky stag]

all profits are demo

[sterile oracle]

or does it take the full 8 days

[plucky stag]

you only get money when you make money on the funded account

[sterile oracle]

i see

understand

so their model essentially makes all your profit to pass plus the fee

then they fund it..

[minor venture]

You guys don't sleep

[plucky stag]

honestly it is not that ez to do. in demo they force people to take high risk to pass faster but that will blow the acc and if you take slow apporach you dont make money for months and then maybe still fail

[sterile oracle]

i am thinking to go fast

or as fast as possible

[minor venture]

Then it means your startegy do not work in markets

Because they cannot waste money on you

They are already giving you their money trade

If you cannot make money to them then they will give to someone elsen

[sterile oracle]

yes i think thats the model

[minor venture]

I am 100% sure no one is 10/10 profitable here

What i think instead of focusing on fomo of getting funded account

It's better to spend more time tuning up your strategy

If your startegy beats market

Why did you even need funded account

And yeah of course colorful ICT charts won't make money

Their are special indicayors and much more

[sterile oracle]

it requires 10% return to get on set 1

[plucky stag]

there is not a single person with drawdown below 10% over a long period of time not even the big managed etfs can do that.20% drawdowns are normal in markets volatillity.it is normal to have red days but overall your portofolio is green thats what is is important

[minor venture]

Lol 🤣

They are there to make money and pay their bills not to encourage you and your losses for future profits

[plucky stag]

propfirms business modle is based on this fact

[minor venture]

First fit yourself to market

Fix 2 sessions and trade with discipline

Random jerks don't give complete taste

2 sessions and trade setup

Best is London and Newyork especially if you are forex

If you are into crypto

You don't need session

[sterile oracle]

i am not crypto, i just about understand BTC but its bonkers. There is no macro information to work with its just random token movements to me

[minor venture]

But what matters is Bitcoin moves better than gold

[sterile oracle]

on BTC you would need a lot and I mean a lot of tecnhicals.

[minor venture]

It's true that

Because ICT shit doesn't work

Liquidation heatmaps works

And Liquidation heatmaps depend on exchange

Binance Bitmex Okx Bybit has more open positions

[sterile oracle]

liquidation heat map i have never attemped to use

[minor venture]

You just need to find trend

[sterile oracle]

Bitmex i used some years ago

[minor venture]

And take tp throughout untill price reaches liquidation

[plucky stag]

fundamentals move the markets ,use technicals to find entries thats all. any technicals alone or ict or w/e doesnt work

[sterile oracle]

the trend of BTC is going up, however, there is a huge amount of traders waiting for a huge short after the halving

[minor venture]

If you see these points are market magnets

[sterile oracle]

@plucky stag i know you say you dont use SL on XAU, however, you must have some sort of visual on it.. I have seen that a mental spot of 40 pips is about right.. views?

[plucky stag]

it depends on my lot sizing like i said

and volatillity

if i expect a 300 pip move

i want to be able to withstand it

so i lotsize accordingly

[sterile oracle]

yes then you need a large SL

[minor venture]

Now the point is so which target will first

72k or 68k @sterile oracle

Can you tell that

[sterile oracle]

you mean in terms of shorting or longing/

?

[plucky stag]

not really i dont need a large sl but it is about knowing what is the worst outcome

[minor venture]

So first 72k or 68k m

[plucky stag]

for longs and shorts

thats the volatillity i am dealing with

[sterile oracle]

when very volatile which we can see on lux

have you done a calculation of the percentage displayed vs the lot vs the SL?

[plucky stag]

on high volatillity days gold can go up to 500 pips in one day

[sterile oracle]

would you scalp this or swing it?

[plucky stag]

it depends on which side of the coin i am

[minor venture]

SL depends on number open order at a point

[plucky stag]

but high volatiile days i scalp mostly

[minor venture]

You can only find out that from DOM

[plucky stag]

low volatillity are slow ass days so they are more day trades or swing

[minor venture]

Trading View Don't have DOM

It's the biggest drawback

[sterile oracle]

so you scalp both ways? even against trend ?

[plucky stag]

yes

[sterile oracle]

i am going to be more cautious on the challenge and scalp only with and will use ocilator

to be fair

[plucky stag]

thats good

[sterile oracle]

XAU could be getting shorter in the short term next week..?

[plucky stag]

it takes alot of experience to scalp against the trend

you dont just go against it cuz it went too high

[minor venture]

GOLD will fall

[sterile oracle]

thats what i was saying all last week..

it has a limit.

i will see its movement

but on aprils fools day tomorrow

i am going to take an hour each side.

right wife and kids need me

speak in a bit

thanks for the adivice!

[strong snow]

Ftmo has no time limit challenge

[daring schooner]

I just had probably an idiotic idea. I feel like I'm overly bullish most of the time. So I switched to say for instance EurUsd to USD Eur lol. To get a different perspective. Other than this being mental my indicators kinda went berserk.

[plucky stag]

imo it is opportunity cost.why would i waste months earning nothing when i could be using the same strategy to earn money

[strong snow]

Yeha it is what it is 😅

[plucky stag]

also i would have to live under their rules and they can deny me payments if they feel it

i dont wanna be a slave to a propfirm

[worn hatch]

2mins rule you can still trade in news

[agile hornet]

we could see USD/JPY, EUR/JPY, and GBP/JPY drift progressively lower over the coming months.

[desert egret]

yaa being sideways from last week on 1hr TF

[daring schooner]

I have mixed feelings. One said that I blew my account which A: my trade was closed and be even if it wasn't closed price never got close to the point where the numbers matched. Discrepancy of 90 pips lol. Yeah big fat lie. It was during the mitigation. Now I have a bad taste in my mouth. Other than that your risking someone else's money but if your really good even 3 percent a week sets you for life

[agile hornet]

same as the 4H TF

[desert egret]

yeah waiting for good setup

[agile hornet]

me too

[plucky stag]

if you are already making that without a propfirm do you need one ? i can understand people who cant afford to have a big personal acc but even if you made 100 /day you will eventually have a big account in a year or two.

The main reason to have your own personal acc is the freedom to do what you want and withdrew whenever you want

[desert egret]

how can i change time zone in MT5 as UTC+5:30

??

confused with the time zone on chart with the timezone of my country

HELP!!!

[plucky stag]

Mt5 is always set to broker's time

[desert egret]

that means i need to change in broker

[plucky stag]

Dont think you can change

trades are based on brokers time

[desert egret]

ooh so now what can i do?

[plucky stag]

use tradingview on your real time

to compare

[daring schooner]

A tiny 500.00 deposit on a legit prop firm would get you 100k to trade with putting profits right back into your own trading account. It probably boils down to speed.
I'm not sure I trust any of them anymore though.

[desert egret]

yeah but right now i am reviewing my trades but confused with time where i took those trades

[plucky stag]

Yeah trust is an important thing.

[daring schooner]

Some trading view accounts don't show time entry forex raw spread doesn't show entry time

[desert egret]

hey do a simple S/R with psychology can be a good setup ? ( stupid question 😅 )

[desert egret]

S/R breakouts

[worn hatch]

If it works for you and work for it

[novel ledge]

lmao

[sterile oracle]

do you think that poor fellow ran into the sea?

question, I have randomly by accident turned on Tokyo neon which is turning me blind in TV.

can anyone remember how to turn it off?

I am going blind with this one

its ok..

fixed it... cannot trade if your blind!

[sterile oracle]

does anyone use this "social trader tools" to trade directly from tradingview to MT4 to manage multiple acounts?

[sterile oracle]

another small part... I have worked on my back testing and gotten to >2 in profit factor. however I will go in the correct direction which should increase this quite a lot

I managed to force tradingview to now push trades to MT4 of FTMO and also connect my current FP markets on. This should be interesting..

I assume everone with multiple accounts does this?

[plucky stag]

i manage them seperately

since they are for different puposes

[sterile oracle]

isee

one swing and one scalp?

[plucky stag]

yeah

[sterile oracle]

understand

[plucky stag]

swinging and scalping on one acc you need big margin to maintain

it is better to just split

[sterile oracle]

on swing for sure

[daring schooner]

Just an FYI to stay away from forexpropfirm they told me I breached my account during mitigation which
A: all trades were closed
B: if a trade was open at that time I could have only been out 30 pips
C: It would have had to be at least 120 pips to breach my account.
Working on getting a refund if it's possible thru my card company

They sent my a 89k screenshot so I sent them a screenshot of last closed trade, maximum loss possible

[sterile oracle]

forex prop firm i have not heard of

its like FTMO i assume

[daring schooner]

They're all the "best prop firm out there" lol

[sterile oracle]

ah yes

and trust pilot is hard to trust

as they just use fiver to employee entire call centers to give positive reviews

[daring schooner]

Yeah I'd rather hear it from the people in here. My problem is being in the US a lot of them are restricted

[sterile oracle]

infact now with AI its possible to get it to do reviews...

ah, for example binance here is not allowed..

although in thoery you create a PO box in England that allows you to have adress ect forwarded

depends how you want to get around things

[daring schooner]

Yeah my accountant gave me a death stare and told me no crypto lol

[sterile oracle]

lol

i am afraid of Crypto

and your accountant would have a heart attack evertime you posted results

[daring schooner]

I got taxed on the value one year then it went to a third

Paid taxes on 24k the it went to 8k

[sterile oracle]

in the US can you not create limited companies that cross charge to allow you "avoid and control tax"?

[daring schooner]

Oh she told me I was going to be taxed 3 times on crypto these days

[sterile oracle]

dont evade thats orange jump suit time.

the banks dont like crypto and so legislation is there

gotta keep the wealth in eye sight

[daring schooner]

Yeah I'm incorporated now and receive payroll. Its a pretty sweet situation

[sterile oracle]

in the UK forex is tax free as its classed as spread betting

[daring schooner]

If I want an account in my company name I have to deposit 10k

[sterile oracle]

why not use a cheaper country

like panama etc.

you just need to go on holiday for 4 days or so

[daring schooner]

Eventually I plan on having something in Vietnam.

[sterile oracle]

i have been there

lovely place

[daring schooner]

Ahh I get it

[sterile oracle]

🙂

[daring schooner]

It's a 27 hour trip at the minimum from here

[sterile oracle]

vietnam

or panama

?

[daring schooner]

Yeah and people are selling homes now their economy is down

Vietnam

[sterile oracle]

i see

you could also look at thailand?

although no advantage in flight time

otherside of the world...

[daring schooner]

Panama is just across the Gulf of Mexico from me

[sterile oracle]

so for tax use them, then head over to vietnam or use an agency

[daring schooner]

Lol I'm "supposed "to pay taxes on everything I make foreign and domestic

[sterile oracle]

are you allowed dual nationality?

[daring schooner]

That's an interesting question. My wife has it but she's originally from the outside

I'll have to check

[sterile oracle]

worth looking at..

[daring schooner]

Probably not. I have to pay back that 1.2 trillion loan they took out because they don't care about a balanced budget

[sterile oracle]

printing...#

and more wars

[daring schooner]

Hey do you trade divergences

[sterile oracle]

never tried it

the forum seems to have a Goat person writing things

[plucky stag]

@worn hatch

[daring schooner]

Check out usdJpy weekly. It's exactly what I trade on the hourly

It looks like USD is poised for a huge charge

[polar lion]

Do you have any good settings for signals and overlays?

[daring schooner]

That really depends on how you trade and what you trade and the time frame. I tweek mine for the pair and time and experiment with it

[sterile oracle]

@worn hatch

thx

[shy trench]

It depends on tomorrow I think. Pmi

If you look back 1 march pmi was negative followed by the dollar depreciating ( gu and eu had their surge towards 1.285 and 1.10) after that news. So you would expect if it’s positive now we see dollar surging

Also new month new quarter

[agile hornet]

USDJPY, GBPJPY and EURJPY are looking like to go down

[shy trench]

Why do you think that?

[sterile oracle]

I have now managed to create the ability to trade from tradingview directly to multiple MT4 accounts... will make life easier.

[echo kiln]

now we go FULL PORT?

[fervent flame]

Gm

[sterile oracle]

what does a full port mean? lol

[echo kiln]

push all chips to the center of the table

https://tenor.com/view/playing-poker-fabolous-ty-dolla-sign-myfabolouslife-ooh-yea-song-gif-21043224

[noble crag]

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

[sterile oracle]

errr not quite.. i might bite of a few tiny bits and the table thing will loose cloth due to friction

https://tenor.com/view/xavier-dolls-dragon-dolls-wynonna-earp-fire-briefcase-gif-22053176

https://www.youtube.com/watch?v=r5vSS0GjXp4

[near hawk]

Hello I hope everyone is having a great sunday and happy easter.

[gusty lance]

👍

What happened to #💬hangout

[echo kiln]

That channel is functioning

[gusty lance]

Oh

Why cant i type in it

[echo kiln]

But subscribing members would have full access

[echo kiln]

You thinking about joining?

[gusty lance]

How much is it

[echo kiln]

https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=wZMSfexUKyB3EYsY

https://www.luxalgo.com/

@gusty lance

[gusty lance]

Thanks for the ofer but im ok

👍

[agile hornet]

Looking ahead to the second quarter, the yen appears better positioned for stability and a potential turnaround. This optimism isn't solely a result of the Bank of Japan's exit from negative rates. The imminent easing cycles of the Federal Reserve, European Central Bank, and Bank of England are poised to provide added reinforcement. With that in mind, we could see USD/JPY, EUR/JPY, and GBP/JPY drift progressively lower over the coming months.

[shy trench]

Coming months I agree. But I think gj and uj will set for a newer high first…. Before going down. Uj towards 155 and gj towards 195. Reasoning inflation being sticky. Ej on the other hand is most likely to be the first to rate cut.

[minor venture]

https://www.tradingview.com/x/4xepe3FB/

BTC MOVING ✅

[shy trench]

You can see ej looking bearish but uj and gj still looking bullish. If boj doesn’t interfere i think we will see up first before we going down.( if it goes up boj will probably intervene + dollar and gbp will eventually rate cut)

[agile hornet]

i agree it will set newer ATH before going down

[echo kiln]

This is forex channel.
You can post here #🚀crypto-chat

[shy trench]

Haha ath will be difficult but a newer high ye

[agile hornet]

sorry i meant a newer high not ATH 😅

[shy trench]

Ej on the other hand is already going down because of weak 💶

[agile hornet]

yeah i seen that, is it because eur hasent cut intrest rates?

[shy trench]

Euro’s news scored lower then expected mostly and the ecb saying they will rate cut most likely in June and won’t wait for fed. While gbp and usd inflation being sticky and rising. Also the boE said they will most likely rate cut after fed

Now we have new month and new quarter + Tokyo and London will overlap again because of Europe’s time changed

[blissful leaf]

there's more emojis you can add here @minor venture, I have faith in you son

[minor venture]

Ok caca sir

[minor venture]

In the whole server , you and pjones are the most honest guys

[agile hornet]

ah okay

[agile hornet]

or i think i understand theres alot of new terminolegy i need to learn lol

[thorn stirrup]

Hello

[shy trench]

When cutting rates is bad for currency since investors will move on to other currencies for higher rates

High rates is to battle inflation so if inflation drops rate cutting comes into the picture

[agile hornet]

now i understand thank you for explaining 😁

[shy trench]

What’s also interesting for yen pairs is so called “carry trade” big players borrow yen for low interest because yen is low interest ( pay to borrow) and then swap it for higher rate currency’s = easy money

So when western currency cut rates and yen hike ( goes very slow by boJ) those big players want to pay their yen debt back because it’s not that interesting anymore for investment and then we get also yen inflow since they swap western currencies back to yen

But I don’t see it happening in weeks but rather months ….

[hybrid epoch]

Hello

[shy trench]

But that’s why chfjpy and Eurjpy already been dropping because chf already cut their rates and eur is rumored to be next

@echo kiln am I allowed to advice him to follow a guy for fundamentals on yt?

[echo kiln]

Hi 👋

[shy trench]

I did the guys course and I think he just posted a mini version of it on his yt. Very knowledgeable guy and can learn from him fundamentally a lot

[hybrid epoch]

How r u

[echo kiln]

what can we do for you?

[echo kiln]

dm

[shy trench]

@agile hornet if u want to know it send me a dm and I’ll share with you

[echo kiln]

i mean i just dm you

[thorn stirrup]

@shy trench hello

Bro

@echo kiln hello bro

[echo kiln]

Hey there, what can we do for you?

[strong snow]

20 lot gang where you at?

[thorn stirrup]

I am writing from Azerbaijan and I want to buy your premium package

[shy trench]

@agile hornet https://youtu.be/_Ngph_o4NYI?si=R38G5oinoMTQAVbC

[thorn stirrup]

Hi

[agile hornet]

ill watch this vid now

[glass solar]

@hybrid flax ddont want to see you have same entery as me 😂😂

[echo kiln]

Hey there, have a look here for the subscription plans

https://www.luxalgo.com/

[glass solar]

micky whats good

[echo kiln]

Pizza

[glass solar]

@sterile oracle whats cooking for suhoor

[agile hornet]

so this is how the world works

[shy trench]

Ye I didn’t watch the YouTube video yet so not sure what he is telling there. I bought his full course since I already had some knowledge about fundamentals. So I’m doing the full course

But lots of stuff to think about hahah

[noble crag]

Drunk 🍺

Is market really open or I am really drunk ? I haven’t gold move even a pip 👀

[agile hornet]

this is crazy

[twin swallow]

Hey do you know about magic square

[echo kiln]

Welcome

[inland fog]

morning

[glass solar]

@echo kiln

[echo kiln]

morning!

[noble crag]

OOF 😓

Market gap took a big L 😮‍💨

[echo kiln]

DXY gap gets tagged

[noble crag]

I want gold to drop, I can break even and back out

I hope DXY keeps climbing 🧗‍♂️

https://tenor.com/view/rocket-failure-explode-explosion-blast-off-fail-gif-17408893

[hybrid flax]

lets do it again ahahah

[noble crag]

https://tenor.com/view/you-guys-are-getting-paid-gif-20686662

You guys getting enteries

[icy wraith]

Nahh what's that?

[glass solar]

hHahahahaha

[stiff falcon]

Hellooo

[echo kiln]

Welcome 👋

[near hawk]

do you guys trade the Asia session?

[sterile oracle]

morning

[undone imp]

good morning

eyes on GBPCAD

gbp week cad strong

[sterile oracle]

interesting let me take a look

GBPCAD 1D

4hr

15m

[sterile oracle]

I have gone back to scalping gold....not much moving

[worn hatch]

Best to trade overlap

Morning fam ☕️

[undone imp]

my orders got triggered on GU and GC

if this plays out is a 8.9 to 1 rr

i have my stops higher up die to spread though

*due

happy days!

[glass solar]

whats the trade breakdown?

[undone imp]

the strongest currency on a 4 hours timeframe was the CAD this morning. The weakest the GBP. On the 5 minutes Ive used fib on the most recent swing down to identify a good entry level on the 0.71 fib level. When the price retrace there it triggered my pending order

stop loss above the orderblock for safety

[sterile oracle]

i am using alerts to tell me when to scalp... facinating.. and on 1m.. stops me getting bored

as its XAU, the 1D shows mega bullish so I am only scalping upwards and exiting evertime a get an alert saying its going bearish

its like being a dancing monkey to a sound. Dont try this at home!

[frank agate]

Hello i m new user. Good day 🙂

[plucky stag]

Nothing looks good atm i will wait until ny

[near hawk]

lol yeah its pretty cool to get spot on entry notifications or confirmations

[sterile oracle]

trading on a 1 min chart is interesting.. you can almost scalp both ways but you need to look at LTF each time to ensure its accurate

ocilator perfect

you can then use the 1 min to find an entry within the 5 min

[sterile oracle]

there is a decent XAU drop of 20 or 50 pips?

[plucky stag]

Well the sell was good but it was pretty risky imo

[worn hatch]

Drop 80 pips from 58

[plucky stag]

I still didn't take trades. Waiting is part of the game

[prime garnet]

check gold

gold

bullis

[worn hatch]

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[prime garnet]

bullish, fvg

[prime garnet]

do i get breaker blocks, orderblocks?

what are the features of essential?

[worn hatch]

You get these two indicators

[worn hatch]

Everything Included that you are looking for

[prime garnet]

propulsion blocks?

[undone imp]

ive closed my GU and GC trades.. ive done enough for today

[sterile oracle]

not bad fun this...

1m is a little too fast for me

@worn hatch familiar?

[undone imp]

GU closed in the mid of the ordeblock.. it might still go down

[sterile oracle]

what is GU?

[undone imp]

GBPUSD

[sterile oracle]

got it

i saw that moving

did not trade it

GBP in some trouble

is this person real?

[undone imp]

yes but its not Alex :))

[sterile oracle]

thats what I thought

[undone imp]

just delete all requests block them. no-one from Lux directly messages

[sterile oracle]

this i know

i blocked him

looks like they are trying again

[worn hatch]

you got 30 days refund if the indicator does not suit you 🙂

[strong snow]

Maybe it is

I trust that guy

[near hawk]

it happened to me to i will block

[strong snow]

He's been helping me with creating my own BTC wallet

[worn hatch]

We got Alex not Lex

[strong snow]

No reason to not trust him

[worn hatch]

I am happy with 3m / 5m and 15m TF

[strong snow]

He even offered me to help with copytrading services 🤣🤣🤣

[near hawk]

lol

[worn hatch]

Tell him .. advance payment of $500 to get the account details 😋

[undone imp]

later, im out for the afternoon good luck

[lost tangle]

What is wrong

[sterile oracle]

its not to use and the screener lets you know on the longer time frames if anything is happening LTF

means i just need one screen open

[minor venture]

What are you all discussing

[forest turtle]

In my opinion the price is targeting the 4h order block with the fibonacci level.

[minor venture]

[sterile oracle]

starting to click on this scalping thingy...

[oblique willow]

i would like to master it

[sterile oracle]

interesting

XAU will not start to go bullish again..

but the market will open and there is news coming so I have closed my trades.

sorry i mean bearish

meaning i stopped trades for now...

[daring schooner]

Last ISMmanufacturing PMI Market settled before the news then went the same direction directly after the news I marked March 1 previous event

The event came in a bit negative for USD

[worn hatch]

3 hours from now

[sterile oracle]

ah ok

i saw the news coming mid afternoon

but at 12 most people before US session slow down to eat?

on the 3 min its slightly bullish..

I may just keep scalping on 5 mins...

I am attempting the FTMO challenge so have to be careful I dont get caught in a loss

[worn hatch]

Is today you 1st day ?

what ach % have you reach till date

[sterile oracle]

today i started this morning

i did not start that well as I had to change my style dramatically, I am now gaining lots of proftable trades. 66% at the moment, but from the last loss i am at 90 percent. If I keep scalping I can get the 66 percent up

only 37 trades so far

The market looks like its going bullish

i am waiting to see the 15m

[plucky stag]

i am scalping a gold long

[noble crag]

Lost 2 trades, cya guys tomorrow down 3% today

Account back to 99k

[plucky stag]

entered at 2248

it is a quick scalp and i am out

[sterile oracle]

I will be start to scalp soon upwards

[plucky stag]

market is still waiting for news

[sterile oracle]

15m is bullish..

so i can now scalp upwards in theory.. I will look at the shape of the 4hr, the daily is bullish

[plucky stag]

yeah rather than going for risky sells id rather bet on bull momentum

i liked the correction from 66 to 45

prolly gonna do a bounce before another legdown or a leg up continuation

[sterile oracle]

agree

I could scalp bullish up... on this..

and hold

as long as my draw down does not increase

or even exist

I willl take 2250 as a buy

i am just watching..

k thats done looks like its climbing out of the short for now..

2250.417

too conservative...

i will leave these 3 0.5 lots to cook...

what i mean by lunch.. is have a nap

kebab marination time is there

[plucky stag]

yeah let it cook

[sterile oracle]

🙂

[plucky stag]

25 pips running atm

nice trade

[strong snow]

EU?

[plucky stag]

gold got 30 pips and got out

[strong snow]

Oh

I'm not touching that again

[plucky stag]

yeah thats good to hear

dont touch gold

[strong snow]

I would rather trade oil 😅

But for now I will focus on EU for a long time

I don't need that stress rn

[plucky stag]

wish more people listened to this

been saying that for a long time

gold is one nasty bitch

[strong snow]

Oh yeah

[plucky stag]

took a look at EU it looks choppy atm

still waiting for news

better trade after

it has potential to go up imo

but news could good for dxy so better wait and see

[noble crag]

How many accounts blown on Monday are over 70% and most traded pair on blown accounts is XAU/USD 😮‍💨 people still think trading is quick rich sceme

[inland fog]

need 30% more become 100% ?

[echo kiln]

Dang.....
Its not easy, but is attainable

Just have to put the work into, just like any other profession.

Intersting stats though, where did you get these? @noble crag

[noble crag]

Those 30% are the ones who either don’t trade news and stay away from gold or don’t trade after losing 2-3 trades ✅

[noble crag]

I follow few peeps on X ( Twitter ) who usually posts insights, even FTMO alone has over 40% accounts blown just on Monday within 15 days of new account purchased 😂

Takes 5-7 years to become a doctor and people want to win at trading in under 30 days 😂 well XAU might not be the right choice

[echo kiln]

Ok that makes sense, the people at their own exchanges/firms would have a good sample size to make a statistical conclusion.
But I do agree, just like any high level profession, takes hard work and study time. But once you reach your goal, the results are so rewarding....

[echo kiln]

or longer

[eager geyser]

We are in a new era where most of the big companies are trading with AI, making them unbeatable.

[echo kiln]

Yeah, its tough, I am not trying to beat them, I am trying to figure out their direction, and ride that for a little bit to grab a little piece.

[eager geyser]

Yes, and that is the right thing to do.

[noble crag]

Can’t beat them ? Join them trade like banks - SMC 🏦

https://tenor.com/view/monkey-money-cash-dollars-rich-gif-10519102

[eager geyser]

https://tenor.com/view/shorts-shorting-liquidated-trading-crypto-gif-25189674

[noble crag]

https://tenor.com/view/liquidity-to-infinity-and-beyond-gif-27657949

[strong snow]

Same. Right now waiting a pullback to 1.08ish level. And if I get a bearish divergance and a rejection ill short.

[worn hatch]

I know someone today who blew his account trading at market open and had slippage for $2 in Gold and had $80k in profits on funded account

[plucky stag]

been warning since last week about monday open gap

people who listened shouldnt have had any losses

[near hawk]

[noble crag]

The price went from 2233 to 2245 in mere 2 seconds of opening if you don’t have a good broker you are screwed 😂

[strong snow]

Could be a problem only for swing traders

[sterile oracle]

mooooo

[noble crag]

I tried shorting XAU and I am down almost 3% ain’t trading anymore 🤷🏼‍♂️ 2 lost trades and done for the day, sticking to my rules ✅

[sterile oracle]

its starting to be bullish now.

[strong snow]

Never go against the trend, especially with gold

[sterile oracle]

I have 1 open and will scalp up now.

[noble crag]

NEWS 🗞️ INCOMING ⚠️

YOUR STOP LOSS MAY NOT BE RESPECTED, TRADE WITH CAUTION, BETTER BE SAFE THAN SORRY !

Your Faithful
-> Hownottoblowyouraccount101

[noble crag]

That 15M might look bullish but the daily candles have a different story ✅ bias is mostly bearish

[sterile oracle]

thats was good

I am watching 15M...

then look at 1hr...

[noble crag]

It’s HTF -> LTF not opposite