#💱forex-chat
1 messages · Page 129 of 1
I have feeling that xau will pump any minute now
Yes
My guy 💥💥
Exactly what I was wwiri g for
Looks good, I’m setting and forgetting now, might be 2-3 hours before it gets to TP level
i dont understand with this one
Green Ob?
How you guys feel about the draw down on gbpusd
I'm going long on xauusd
dunno
Scalped another 26 to 30.5
nice scalp!
I think it will go up now. Could be wrong.
Am on that train
I’m okay atm, I set a SL at 1.25253
Could be but I just scalp around since no clear direction and manipulation before news can happen at anytime
Smart move
I'm looking for 10pips right now
Bad entry at 32
As always
Should have followed my strategy and wait for sweep
price went 70 pips from the lows why fomo
Don't be this in a second
Ofcourse I know him
It's me
BTW money flow curling to bullish side now
So there's hope
HOPIUM is strong in this one
3 hrs big news
I look for the same set ups i just hate when price comes down like that and doesn’t respect the last few candles fvg
How did you determine your TP ? How many trades a day/week do you get trading this ? Guessing you wait for reversal zone entry and then exit, then signal then trend tracer to flip ?
I am done for now will check in ny session
For me on this pair look at the 4hr chart and look how many times price has touched support and resistance than look for 15 min choch plus some bullish volume
Dang look at it go
If you don't catch the buy catch the sell
All confluences were not in line and I got lucky
Wow... can we still enter the trade?
no it's already in profit mate
thankyou, id also recommend you do your own analysis and not just enter other peoples trades so you can learn why you entered and can improve looking back at what went right/wrong 🙂
Thank you..
i simply just use PAC indicator/screener and trade chart patterns
Where can I find it?
News is coming in 3 hours and the market is supposed to go bull USD again but this market structure is exactly what I'd buy. I'm wondering if news is already anticipated.
I trade patterns too
Its part of lux algo subscription plans, what we offer. You can view the plans here: https://www.luxalgo.com/#premium-packages
Alright sir... noted
Wanted to go for the signal and overlays indicator
Sweeping liquidity?
thats the premium plan, you get the PAC/S&O/OSC indicators and the screeners associated with them
I e seen it before big news market moves ahead of release and when the news broke it was already over
I was expecting eurusd to buy also
Is there a YouTube video to under how and what this indicators do?
Looks like it's pushing up a bit now
You can view this one:
https://youtu.be/jOamxUcNYEg
Also check our LuxAlgo youtube videos for informative videos on our products we offer.
https://www.youtube.com/@LuxAlgo/videos
https://www.youtube.com/@LuxAlgo/shorts
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In this video we explain how to find your setup between all of the different features within our exclusive LuxAlgo toolkits such as Price Action Concepts, Oscillator Matrix, and Signals & Overlays. We do an overview of the entire product suite including all 3 backtesters within the Backtesting Syste...
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Subscribe to start analyzing markets smarter 🧠📈
On this channel we share our non-stop wizard math creations & how to use them.
Here's some cool stuff about us:
- 150+ indicators made for the world on various charting platforms, millions of users, mostly free.
- LuxAlgo has the #1 most followed profile on TradingView (500,00+ followers)
- Lux...
Haven't seen KING lately.
I suppose this is possible but... it's around 30 pips
Did he blow his acc 😅
What the hell.
You need more indicators man
LOL
Throw in some.moving averages
I have them. Yesterday 110 pips on EU
can i have your chart link
maybe im going wrong with my simple charts
The 110 pips was because of a book the best looser wins.
Does Kingfisher left luxalgo
May be but he was trying to get 1 million funding
Annually its $479.88
haha
I killed a trade at 777.00 dollars yesterday for the fun of it lol
Wanted to ask you something. How many screens do you use?
Damn
1H is making bullish divergence if it works out it will be sick gains
XAU steering into that bullish money flow
4 screens, 2 laptops and an ipad haha
but thinking of getting rid of 4 screens and doing 2x 49" curved
I'm thinking about g9
tbf i dont use 1 of my laptops, i use one of the macbooks for travel purposes and ipad really.
I only need one monitor for chart
second monitor for other shit
news,chat,etc
I trade on phone
so that's 3 technically
yeah i use 1 for discord, 2 for trading and 1 for youtube/netflix etc and the laptop for mt5
tbf i can trade from my phone these days with chart patterns
i spot them easy enough now
I find executions to be faster on phone
For me they are instantaneous
well i place the trades on my phone,
Unless there's huge activity
i just monitor profits etc on mt5 desktop
and like the auto trailing sl feature on desktop version
what i sometimes use along with magic keys too
I was right about gold after all 🤗
Yeh dollars gonna reverse
You guys see a divergence on DXY the dollar index?
@rough jungle My trend catcher (setting 3) hasn’t moved all day, it was fine yday, but even with price moving, its not tracking. Is it because of the big move yday ?
Send me your chart link and let me look at your chart
Yes the dollar has flipped
It only changes when i put it to 1
give me you're chart link buddy and ill look
But as you can see, its too sensitive but 2 and above its all that straight line, only thing i can think is that the big sell off yday vs todays smaller price action must be having an effect
How do i do that ?
ah you need to be on computer, what ticker you on? and your S&O settings and ill manually do it
on my chart to see
if i can replicate the issue
Just asked the team for a better clarifcation on why the trend tracer does this, as wouldnt want to give you the wrong info. Will update you when i get a response 👍🏽
Nice one mate, for clarity, im using strategy 4 in this video, which obviously relies heavily on the trench catcher. https://youtu.be/ffzUC5VGEzw?si=6P_ZkRglQKyaV6W-
in this video i show you Luxalgo Premium Discount Feature and 5 Best Lux Algo Trading Strategy that you can use. If you want to get this indicator with 30% Discount Coupon Code use This : TT30
👇 LuxAlgo Indicators :
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i use 2 indicators in these strategies : Luxalgo Signals and Overlays and Price Action Concepts . i test i...
gotcha, will let you know when i get a response
Anyone have more of a clue than me what EU is up to?
check after news you will know what sup
todays news
Hmm
Maybe up and bit then dowwwnnnnnn
A bit *
Thanks for the video yesterday mick, it was mint! 👍
Hey there, I love the Catcher as well.
The reason why the catcher at times, flatlines is due to a few combination of things that occur.
When the ticker has sudden price action movements on time based charts such as the minute charts (pumps/dumps), it affects all indicators, as indicators are reactive in real time. It takes additional real time candlestick data for the indicators algo to smooth out again. This affect some indicators more than others depending on the code script. This has improved with the past few updates, but a challenge to eliminate due to the nature of reactive indicators. Also this can be exacerbated with much lower timeframes such as minute bars, as these sudden pumps/dumps are a much larger back/forth movement on these lower TF candlesticks. Remember, when the catcher is flatline, the indicator is telling us, price action is ranging, it may not seem to be in arange to us, but to the algo taking into consideration of the pump and dump within a few lower TF candles, it will define it as a range. There is a much techy reasoning behind this, but I am not a techy, LOL...hope this makes sense
This doesn't make sense...
Did you understand what I was stating and it doesnt makes sense, or my response was confusing and it doesnt make sense? I know its not a technical response, as I mentioned this, I am just trying to explain it in my own way.
Here is a drastic example, lets say you are on a 5 second chart on a forex pair, and the price pumped 100 pips up, and then the next 5 second candlestick, it dumps 200 pips down. We can all agree that any indicator will lag on this price movement, and it will take some time for the indicator to readjust to something we think it will be visually "better". @strong snow
Cheers Micky, thanks for getting back to me
I know my response is a bit non techy, but you know me, thats how I am, LOLLLLL
If we can get a more technical reasoning, we will let you know soon....
Makes sense though huge moves on lowertime frames can throw the indicator off as them candles are exceptions from the rule and not your regular sized candles. Especially on huge new impact events such as CPI/NFP
News hitting soon - 15 minutes / 30 minutes / 45 minutes time
I just scalped gold for 26$ 😂 short
damn man xD
Gonna trade news again today 🤷🏼♂️ ( on mini )
that sounds like a bad idea.. but today im all about bad ideas.. lets get it.
im in two minds whether to close out my AJ
SL at break even and its 20 pips away from entry but who knows.
AJ won’t be as effected as EU & DXY pairs
Can still be affected sometimes though, but im hoping now as you say its not EU/DXY pairs
hey man 👋
Danny IYDM can I ask where are u from??
the times when i think it'll be affected it isnt and the times i dont, it is LOL
UK buddy
eurusd pump and dump ? 👀
Lovely place to be
We will see in 1M
meh its always cold and wet here 😂
Atleast better than my place it's always sweaty here
its good to grow potatoes thats about it 
Buddy let me blow your mind today's temperature is around 38°C
Will the dollar cause us grief on the daily?
@rough jungle In coming months we will see more than 40°C even Air Conditioner fails 😢😢
Gold pump incoming 👀
Yuup around the corner
damn, thats some serious heat. Do you not aclimatise to it? we get used to the cold here pretty much. Just the rain whats annoying
I want DXY to be bullish tbh
i mean gold climbing 2300
I got kicked out of the AUD/JPY by a fraction it dipped and my SL kicked in. My fault for not setting it low enough
Hi Danny, sent you a private message when you get a chance
I had SL at 99.437 and TP at 99.782
Was an idiot move from me
Micky you are long on EUR?
happens sometimes,
okay will check in 5 minutes buddy
Yeah it’s my fault, can easily correct it for next time

LOLLLLL
so SOOOO CLEAN!
🤌🏼
dont you be casting doubt on my forecast!
to be honest, remember I mentioned to you yesterday we may fade this after the dump?
Thats when I placed a fib long here
but BUTTTTTTTTT
I closed out late yesterday, I didnt want to risk it due to today's news
damn news LOL
What was the result?
What was that
pumped up
took me out BE
yeah i remember. Should of closed out but wanted same as CPI LOL
Dam, oh well....
LOL
50% woud had been a good partial and move to BE for free trade.
I closed, so no greed, its called chicken sh*t
LOL
i need to do more chicken sh*t
nope risked it and hit BE
All that from yesterday? gave it back?
on CPI it bagged me 90 pips lol
OMG
parachute
I longed gold at 2232 and sold it at 2235.6
Now regretting should have hold @rough jungle how to overcome this mentality
PQH target
Open SL sometimes is key 👍🏻
Especially for news, before it’s always clear liquidity before going to the actually direction. Wonderful day 🏹
trading is 90% psychology tbf
still aint fully mastered it
or closing my trades around news
Im long in this

I’m waiting for it a bit tho it jumped once already today I have TP at 1.26200
Gold looks good to short
Look for long bro
buy the pump LOL
1k out of 5k regained
thats just a gamble trade LOL
because im annoyed with my BE. this is how not to trade 😛
https://www.tradingview.com/x/WcZz8nam/ Rate this trade
It's a 6 out of 10, it could be 10 out of 10 if you include Price Action Concepts

taking some profits and moving SL
we moving.
i think something like this
(the long trade isnt where i took it)
going to climb up and take that FVG out
still moving up
ooops.
@echo kiln I know you trade EU. Possible reversal with a daily divergence. Today's candle hasn't printed but if it only stays above 1.07425 I think it's a go.
Oh sorry id share my chart but worry someone might go blind
I cant find a proper structure on the ES 4H
So we sit on the sidelines and watch everyone else
OH NOW YOU ARE SORRY?
For me and EU, im watching today, I willlook somewhere else for a play
😡😡
I'll get you some sunglasses
Nah man get me eye surgery
Eventually I'll use the Force like Micky
Mickmeister?
This right here, nice nice.
Too bad I chickened out last night
would of been textbook
too bad your a chicken sh*t 
I like NZD's, but the off market spreads, dang
i hope AJ doesnt either
😁
100.6 TP for AJ
took it
Nice
awesome sauce!!!!!!
lovely ! 
Thanks for the strategies @echo kiln @rough jungle .. first time trying the 15 min PAC, premium and discount zones. Will see how I go in the long run
PAC is great isn't it, such a handy little toolkit 🔥
looks like price will move down to fill that FVG and back up ?
wasnt the greatest of FVG but price did retrace and entered. Didnt take this BTC set up 🙂
im aiming for 100.6 TP on AJ personally, theres no supply until then. But who knows how it'll play out
bos
WOW... at premium price
clearly missed this 😦
im out at 0.2% - BE
yeah two BE LOL could of been 9k but im greedy as always
better than losses i guess
Did you came back out of drawdown @glass solar ?
not quite but going for it🫡🫡
it was not cause my strat isnt working but cause i take random entrys
🤔
Well that's fucked it
its art of trading once u get it thats it
everyone starts off something
its been my 8th month now
🫡
chop chop xau
we're live again!!!! https://discord.com/channels/641770286638694402/1178430832151638077
Lux algo is a cheat code 😅 i just set it up yesterday at night, im learning smart money concept for a couple months now, but this is so helpful
whenever you get into a trade ask yourself: 'Am I acting like a cunt?'
Bro sold 40 lots of EU for 240$ 💀
Reason why I don’t have balls to drop more than 10 lots on my main
5 pips stops
Isn't 'smart money concepts' something termed by ICT?
guys is a millionare
5 pip ? Seriously atleast with 40 lots you need some room to let your trade breathe
i use the same 😄
40 lots is insane 💀
its nothing really
nick he did 240 lots
for 200k account
if you have your zones and watch the chart carefully, also liquidity , you dont need bigger stops 😀
240 lots is insane 😶 I know it’s demo
its prop firm account
well i would never go that much on my personal acc
ftmo
for a propfirm acc you can do w/e i guess
200k ?
yes
Damn
which prom firm?
ftmo
nice, im doing a challenge with them but got acg
did have 200k TFT too before that went
haha
ftmo still got mt5?
yeah
1 pip on 10 lots = 100$ ?
1 pip on 240 lots = 2400$ ?
yes
i risk 2k per position
10 lots 10 pips is 1k
so 1%
How does one 'watch the chart carefully'? The move you were anticipating could happen on a lower time frame, so do you have all time frames open?
you dont watch the chart.let the chart watch you
hahahah
Everyone becomes a ladder/dom trader in the end
Most quit mid way 😔
i do top down analysis, so im aware of every time frame, but manly focus on 15 min, and entry on 5 or 2 min chart
1D -> 4H -> 1H -> 15M -> 5M ✅
nah 1m op
If you can trade on 1M well you are printing money 💰
too much noise on 1 min for me 😀
all 3 taken on 1m
who are u guys learn from ?
nice ones bro 💪🏽
mostly doing my own shit did some ict and listening to other ppl
do u have entry confirmation ?
yes
or just waiting for a rejection ?
i trade choch and bos
you made good progress since you joined here
keep it up
i remember right
Just needs secret sauce 😂
thank you man
but he did ict 💀
there is no secret sauce.you just do risk managment
u were one of first ppl to dm me
you can win with any strategy
photon is really good
Well there is some secret sauce to every trade style
secret sauce is yourself
before i learn from alex g, but he is more an influencer than a trader
the secret sauce i guess is the mindset,muscle memory,experience and confidence in taking your trades
with his 2.5 rr
mindset is 40% of it, psychology is overrated imo, you need screen-time first.
🤷🏼♂️ 90% is psychological & 10% is strategy
it depends where you start
Pretty much
u need a working strategy, but to be profitable it’s psychology and mindset i think
it is a closed loop
psychology only becomes a problem if trading is ur only source of income
people think they can have a strategy without losers thats impossible
Most people would let their losers run but take partials from their winners and then blame strategy doesn’t work well theirs your answer too ?
no matter how confident you are in your setup you have to risk manage correctly
people blame psychology when in reality they just overleveraged
I mean if you are using even a garbage 🗑️ strategy and only win 1/3 33% of your trades you can still be profitable if you have proper risk management
🤷🏼♂️
1:3 RR and you loose 7 trades out of 10 you are still up 2% and most people don’t know about it 😏
only on small accounts, once you're trading big you will be shitting yourself lol.
need to trade like a casino, and think of probabilities
u cant focus on the money 😀
these are just numbers
A+ setups only ✅
Hello new here
by the time you've confirmed its an A+ setup, you've already missed the good entry.
Nope
even A plus setup can fail, but everything depends on the person, and personality, everyone is different
I take all setups just know when to get in and when to get out
that takes alot of experience tho
A+ setups are not common, you are better off focusing on ur B & B+ setups which most of ur trades are gonna be in.
i have a bare min i aim to get in a day anything extra is a bonus
A+ would be 1.7 or 1.8 imo
its all relative
think of it like this do you need one big ass trade or few small trades chunked throughout the day and be done
Almost 0 drawdown entries here 🤷🏼♂️ both are 1:4+
a combination of both is good
if u need 1 big trade then ur r:r is gonna be terrible
your winrate needs to be at least 60%
tho i wouldnt go more than 10 trades a day
5 is usually good enough
sometimes you only get 2-3 trades depending on market conditions
cant really force the market to cough up trades
you can do 1 big trade of a bunch of small trades.it is just the bunch of small trades you will see you have alot less risk and stress
1 big trade you might get emotional unless you are used to hodling trades and swing trading
it depends on your personality
1 big trade is impossible imo because u must always be prepared to exit mid-trade as r:r evolves & changes, you will be far more hesistant doing that with 1 trade that could decide everything on unless you have fixed entries/exits.
Are you funded Buddy ?
@rough jungle @plucky stag can you all judge my performance in the starting of this week I deposited 93$ and my account grew to 140$ till now??
I'm a new trader is it good for a newbie in this field as @plucky stag I previously told you that I have shifted my trading field
no
you are doing well. however thats something you can judge better.look at your risk management and your trades
you might have won money but entered alot of drawdown thats a bad trade
i think a lot of prop traders fail for that reason, they are under pressure to make a lot of money for the firm.
Under pressure of what ? 😂
Making money out of prop ?
thats excellent growth mate, but it also tells me you may be risking too much capital per trade
trying to make a lot with 1 big ass trade
Bro is going all in
I just had two trades in which sl got hit and I trade with 0.01 lots only @rough jungle
on 0.01 lots? damn thats insane then
to grow from 93-140
What’s the leverage you using ? 1:500
👀
Yeah that’s kinda insane
Ahhh gold
Well he will humble himself soon
Let him eat gourmet few nights 🍽️
😂
hes layering and doing like 50 0.01.. imagine 😛
i want you to realize even with 0.01 lot thats 10 dollars in 100 pips
it is ez to make that with gold
50 pips 5 dollars
Mostly I take 0.01 lots but when I the market is within consolidation and it's volatile then I use 0.02 lots
im only joking @broken river, your doing great for a new trader using 0.01. I aim for 5-10% per month
Bro wants to go all in 🤣
Wait till he uses 1 lot size on gold ✅
Those gourmet dinners won’t last long
well i am off for the night.you guys have fun
Cya tc
Ya with 0.01 lots and 1 point movement it will be 1$ and thats like nothing in gold
see you in morning 🙂
You all are big traders I'm just a newbie if I will be 10% of what you all guys are right now..
I'll be thankful to god
i 1 lotted gold once, now live on skid row
haha watch me get rekt
@rough jungle I had send you something
hahaha
Why newbies are so shy to share their questions here ?
EU is gonna go up here
Really impressive your track results mate, thats really good going. A lot of people lose money in forex.
wat the actual
Probably
best not upset AJ
shes done me dirty twice today
was 5k up and news took me out BE then was 4k up and then went cooking and came back BE again
LOL
Bro just following price action
And S&R
S&R on gold ?
Gold really holds on support & resistance levels ? 🤔 what time frame you trade bud ?
Bro 15mins and 5 mins it works for me 80% of time
food is life 😛
was a costly meal though 
@rough jungle buddy my broker provides leverage upto 200K but I currently use at max 1k
2-3 Traders told me you can use leverage upto 100K and your account will have more balance.
But I have heard many where increasing leverage will blow up my account in seconds and that's why I'm avoiding it.
As a new trader what should I do???
Help me out bud
Just always stick to risking 1% of your account and you'll never need all the leverage they offer like 1:500. Yes you could technically prob place a high lot size on gold for your account size but it'll blow instantly. You've already turned $93 into $140 - You're on the right track and doing better than most who start off. It took me 5 years to be profitable
currently in.
Well it depends how much you value you your 100 dollar acc
If that's money you can afford to lose then sure
ik many people who don't care about small accs so they blow them fast.it is better to just use a bigger acc and take really good care of it rather overleveraging a small acc
If it is money you care about then you will take lower risks naturally
Bro here in my place 100$ means a lot
Especially considering I'm just 18yrs old
ok that's a good starter then
Turning 93 to 141 took me lot of hard work
learn slowly don't rush
doesnt matter how old u are i am 17 and instead of personal i got a funded gives u more opportunitys
Firstly I was in Crypto then our government banned it and those who do they have to pay around 32% tax on their profit that's why I left crypto
That's the problem instead of getting funded I think to grow my account day by day
Just different mindsets
Brow grew my account to 140 from 93 in this week from monday
thats awesome
if ur begginer thats just begginers luck
i grew my 300 to 500 in 1 week and lost it all the next
I don't think so I had logic behind my every trade
Sl shift to CTC
In these days I had just 2 trades going against me in which I booked 2$ loss each
perfect risk management for your account size 🔥
Plus I had to manage many studies also and all these things.
Here in India, we have to focus more on theoretical knowledge rather than focusing on practical knowledge...
Just want to get out of this education system😢😢
which state and city?
From Kolkata currently pursuing studies in Pune
Wbu??
Sonipat, haryana
What are u pursuing rn
Government contracter irrigation.
Damn bro took 2$ loss on 100$ account let’s say 2% 🤷🏼♂️ usual Risk Management
Bro almost doubled the account size in a week 🤷🏼♂️
Oh my
Almost 70-75% growth in a week is insane if we put in those numbers
partial.
Thanks bro
Just will be needing help in futures from big traders like u all
Not a big trader
PAC
PAC
PAC
Rate this initial 1:1 BTC
Are going to place long position
Im shorting gold
I'm playing the 2365 resistance.
Hello Everyone... I'm new to Crypto Trading and I wanna start up my Crypto Investment?
S/O to decide where to enter, but PAC once I am in the trade.
Nice. A little combo
@weak egret Hey, if your a subscriber here, you can connect your Discord account to the members area here.
i'm not a subscriber yet, only joined because of mr. yen. Are the creators of LuxAlgo pro traders themselves or just coders?
What scares me about luxalgo is it's popularity. The good stuff is usually scarce and hard to find.
it wont help u know how to trade
it will help u with trading
its the experience which teaches u brother
Yeah, they are all traders, developers, educators, etc. each one of them, and myself, trade according to our own unique style
any BASE meme presale?
apedinbase - next blue chip on Base Chain
no hardcap ?
5 mln
good to know. do you guys trade for prop firms or with ur own money full time?
A lot of people in this chat do prop firms.
Me personally I will always trade with my real personal account. My money, my rules and I can trade whenever I choose to do so.
I trade because I wanted to work for myself and not someone else

No access link?
I meant to say this chat channel XD
The market is now your boss 
Oh man, I don’t have access?
The shortcut accidently went to https://discord.com/channels/641770286638694402/1088186499868151889
Which is the scanner
Rate it
Welcome.
By the way, what is base meme presale?
Sounds like crypto talk to me
I don’t trade Audcad but I can imagine it could be 1 of those pairs with huge spread during witching hours
gold fomo is real
Back the truck up
yessir
Looking at AU for a short
Block them on your end, why waste your energy.
I just removed him from server ✅
Back into the gold short
nooo i like to tell em i earn 1b a week
and they keep going AHAHAH
Bro tell him to talk to me
I will drain his account
hahahahaha
He doesn't know I am cybersecurity engineer
As am I!
ill send em ur way jhahahahah
looks like a forced trade
No its not.
hahah
@zinc aspen scammer above
removed
Hello
Welcome
Browse around
Also have a look here to help you get started
#🧠core-lessons
#📈must-watch
#1128499789437354106
#🔥ai-resources for the Backtesting Systems toolkits 
https://discord.com/channels/641770286638694402/1136038766553878689 For this strategy are we looking at same session the day before or the immediate prior session. For example if we are looking at the London session now and looking if it sweeps the previous London session or sweeps the Asia session. ?
We are looking at the immediate previous session.
If we are in the NY session, we are looking to sweep the immediate previous London session
Thanks
For example this tokyo session. Swept the previous high so we go short. Where should we enter , SL and Tp target ?
These SL and TP is up to you and your style and strategy.
You could read the authors strategy in that post thread as well.
There should be a pin 📌 icon where the original post with strategy is pinned to the top.
i'm 2348.50... when break triangle
morning all
Did someone have a good strategy whit forex scanners ? I'll really appreciate it
Check out #1128499789437354106
Yes
eyeing up anything this morning ?
Valid ?
id be looking at something like this: 4HR/1HR is bearish too
Gold might go down, 15min looks bearish
but my strategy is completely different to yours, if you've stuck to your trading strategy, trust your analysis 🙂 each trader is different
god i love pattern trading haha
Day pretty much done already haha
not even 8am (:
holiday next month with that seen as mrs wants to go on holiday for landing new lawyer job, i trade to fund her basically
Wow you need to teach me lol
i simply use chart patterns with Lux PAC/screener.
@rough jungle started today's day with 8 Usd profit
off to a flying start again! gold?
First buy order at 2390 with 0.02 lots and exited the position at 2392
Yuup
quick 20 pips for you 🙂
What patterns do you look for? I use PAC as well
I tend to use Mickys advice of buying in a discount and selling for profit
just flags/wedges - all other patterns over 5 years of backtesting dont yeild same win ratio more hit and miss
Mickys simple strategies are 
simple but effective
he thinks outside the box
And then I was reading the candle and saw that market was reacting at 2295 towards a little downward momentum and then I put a sell order at 2295 with 0.04 lots and exit at 2294 big lot size less pip
Yeah they are good. It makes tonnes of sense and it’s simple as buying low selling high or vice versa
I need to work on looking for more patterns like flags and wedges. I just suck at seeking them out
Suck*
At
Guess all gold sellers got fried
hours and hours of backtesting helps you easily spot them, its just training the eyes but everyone has different strategies
There is a setting in the PAC to enable patterns I think and it draws a yellow and red line for a wedge? But I don’t understand it so I turned it off
was your stop loss the same in pips? or half the size of your 0.02 trade?
people go wrong by constantly altering their lot sizes but keeping same stop loss
can completely mess up your RRR
I also set and forget a lot of my trades. It’s rare I’ll move the stop loss up to BE because usually when that’s happened to me it goes on for gains and I get pulled out at the BE point
My stop loss for this was 2385
yeah it happens sometimes. like yesterday, was 5k up then tagged out at BE then 4k up and tagged out at BE
Is it good??
but no gain/loss is better than a loss
Yeah it does, just for me personally I’ve already accepted what I can lose so I’m happy to let it run and go either way. I feel like for me moving SL to BE just jeopardises my profits
This is true
what was your stop loss for your 2295
just all depends on everyones trading plan
Any tips for recognising wedges and flags? I’ve seen people speak highly of flag patterns before and I think it could be handy learning to spot at least 1 of the 2
micky sets and forgets
he doesnt go BE
its either TP/loss for him
because i use 5m usually, i like BE as it prevents a lot of losses, yes i get taken out a bit but when i win, its worth all them BEs
Yeah makes sense, it’s all dependant on the strategy right? I try to trade 5 minute to 15 minute usually but I’m still a noob trader
You’re my inspiration tho bro waking up seeing you make 6k in the morning treating your Mrs bro that’s literally what I’m wanting to become
It was reacting near its previous high which was around 2396 and I observed whenever it reached that point it was going down to 2393.5 this happened 2-3 times now 4th when I saw that it was going down I put a sell order at 2395 with tp already set at 2394
@rough jungle is this method good just asking as I am new and you can correct me if somewhere I'm wrong 🙏🙏
thats a good method, just ensure if your increasing your lot size from your usual 0.02 - that your stop loss is smaller than your 0.02 lot size SL
i appreciate it mate, took me 5 years and thousands to become profitable
its a marathon not a race right, but you're in the right place here 🙂 all here to learn
Yaa I knew market was gonna react if it would have break that point then I wouldn't have placed my order
Im hoping by surrounding myself with the right people such as yourself, I can too become profitable. Yeah its a marathon but I hope that it doesn’t take me too long
I’ve already learnt a lot from yourself and Micky
@rough jungle buddy see your dm my recent trades
Right now I'm not focusing on big trades just booking small profits
Just dont try rush the process like me in the beginning, i wanted big profits too quickly and hadnt worked on my psychology. Still working on it now tbf.
will check now buddy
good way to go as a beginner
Yeah it’s hard not too haha. I don’t mind not having big profits as such. I just want to know I can do this. I have doubts some days and so it’s a mental battle sometimes thinking am I doing the right thing?
When I have wins it’s hard not to think that they were down to just pure luck
also what you need to know is when someone posts huge profits, that might be the same as you making £2 on a £100 account (2%) but if they got 200k account - 4k profit is same (2%)
Yeah that’s true
its just their account size is a lot bigger so profits look better than yours
when infact they the same
2%
I only have a small account but I thought this was correct risk management until I am more confident in my consistency
its just because they using bigger lot sizes because of bigger account
risk management is key and always aiming for 1:2 / 1:3
Yeah I use the long position sizer to calculate my risk and I go for 2 usually. I also use the position calculator to work out how many lots I should take
Then from there I enter and usually set and forget
you could have 33% win rate and still be in profit.
3 trades - 1W / 2L = 1% gain (3% gain / 1% loss / 1% loss)
isnt always about high win rate
its just having good Risk:Reward
i got my flag patterns and lot size calculation on my mouse matt
LOL
@rough jungle bro what Abt my trades is there any other area in which I can improve
So as long as I hit at least 1:2 risk to reward and I have like 3 trades a day as long as 1 hits and the rest go to my SL I will still be in profit?
no your doing well, be sure to post your charts in here and i can look at your entries etc
I’ve seen some instagram accounts sell mouse mats that have info on them. They seemed alright but I think they’re cheaper on Amazon and I thought about getting it
Okay bud ofc
1:2 - heres an example
5 trades - 3L - 2W = 1% gain and 40% win rate
(-1 / -1 / -1 / +2 / +2)
Till next week I have a target of reaching 200$ which I think I can do
Okay thank you bro 🙏🏻
that would be 100% growth - insane
@rough jungle your thoughts and bro with how much capital you started just want to get a rough ideas
i started with £500 everytime and blew my accounts 24/7
following signal gurus on insta etc
then i did a in house course in London and learnt pattern trading
then got funded in 2022
and now trade prop firms
no worries 🙂
now combined with Lux indicators, im more profitable than ever and its a great community to learn
What was the course called and like? Did you find it useful and is there anything else out there like it?
Ooo I already grew my account from 93 to 150 in this week and that's around 50% growth
The guy who owned it, stopped teaching and just trades on his own now. It was useful but you can find all the information on youtube tbf.
And I think today I'll make more 10 bucks and will be closing this week on 160 from 93
Also I’ve seen this where you pass a “challenge” and they let you trade with like £5000. Is this a better route than trying to grow a small account of your own?
if your profitable and consistent enough to passs a challenge, id always recommend going for a small prop firm account (but thats my opinion)
as i didnt have the capital back when i started to make enough money really to quit my job etc
with 1% risk
Do they require any qualifications or is it just prove your consistency?
Yaa I've seen many insta gurus and channels on telegram that say from 100$ to 1000$ in 1 month that's all just sh*t
they all have usually 2 stages - first stage is 10/8% then second stage is 4/5%
Took this short anyway.. wasnt sure at the time as it was near equilibrium
thats lovely. Mickys simple strategy right there
in premium zone, bearish FVG then choch
now you can look for the opposite for buys now its in discount
@rough jungle I had some doubts regarding pro membership of lux algo can you help me out
I recently got LuxAlgo premium. It’s good bro the indicators make life easier with spotting things but I think the community alone has already helped me so much more too. I’d say both are pieces of a puzzle needed
What's the cost per month for it??
How can I find my proper setup??
I also don't have Trading view premium membership
What's the cost bro
I pay monthly it’s like £50ish I think. You also get access to the user strategies section where they post about strategies and how to use them etc
There’s signals and incentives
you dont need tradingview premium subscription for our indicators
It’s worth it bro unless you are like some top tier pro trader with a Bloomberg terminal lol
basic can work, if you only want 2 indicators per chart
you only need higher TV subscription if you're wanting more indicators on your chart
Or more than 1 chart per screen
I’d say that’s the usefulness of TV premium is you can have a 5 minute and a 15 minute chart open side by side
yeah dont trust them or they'll be telling you to risk like 40% per trade lol
2 trades and your accounts basically gone
I’ve figured out how they do this btw
waiting for something like this now
They have like 100 people they give out 100 different trades to, only takes 1 winner that they then get to review them or post high on social media on a podium that makes them look like a guru
When in reality only 1 in 100 actually profited
Yaa they are just there to make people's loss their money
Hey gang I been had lux algo never been in chat tho looking forward to growing with u all
Hey 👋
not a big one but still
You’re from London that’s dope trading connects everyone I’m in Mississippi 😂
Btw Danny appreciate the advice and help this morning with everything. Hopefully you don’t mind me coming for more in the future. As I said I’m wanting to make something serious of this so will need some guidance along the way from the community if that’s okay?
Can I ask do you all buy in premium/discount or bullish/bearish obs?
I have premium version
im like 4 hours away from London but travelled there for 4 days for the course - nice! Yeah its insane how diverse Lux is, theres people from everywhere. Would be insane seeing a interactive map with all the countries that people live who use Lux
Have you checked out Mickys streams?
there incredibly useful
No we have streams? I’m totally not using this right
Yes hes been going live everyday around (10-11am NY time) for over a month now
Nice bro I’m from Yorkshire, sure you know it’s grim up north haha
https://discord.com/channels/641770286638694402/1199356285813006367 they all recorded here
So he live trades also?
oh nice! my mrs from yorkshire
I have friends in London I try to visit every few months
near manchester me
Ah yeah I’m from Sheffield
Peak District is so nice I go there a lot
Between Manchester and Sheffield ain’t it
english people...
Oh shit 🤣
no football for me lol
have you done thors cave walk etc?
i always go on hikes
three shires head is good too
did mam tor for sunset/sunrises too
I don’t support football either lol I prefer NBA surprisingly
Yeah I’ve done thors cave, the roaches, kinder scout, lady bower, ludds church
Been on a few tbh I’ve been going years
Ludds church is cool like something from LOTR
There’s that crashed B-29 up there too I’ve been to that dunno what the walks called
no way! ive done all them.. small world
Yeah they’re class mate it’s on the doorstep I’ve only been Lake District once
What you done?
awaiting major knee surgery, completely destroyed my ACL/MCL
so im in a metal leg brace atm. Surgery looking like september. Then i got to learn to walk again
2 years recovery after surgery
yeah sucks! theyve gotta cut my hamstring away to make all new ligaments for my knee
NHS - private was 16k so thought id just go NHS as they said wait was only 3 months
but now its looking like september but ive got summer planned. So if i go private now and have surgery itll ruin my summer
if they would of told me it would be a year wait when i first did it i would of gone private
There’s still the recovery afterwards tho as well so you’d probs still be out summer or limited to what you can do
yeah but hopefully id be out of my straight leg brace by summer if i got it done in october last year
but now its too late to go private if i want a summer lol
ill do the physio privately though
after surgery
to get quickest recovery possible
Yes I highly recommend that
I have found that physios who are good aren’t in the NHS they’ve gone private
more money in it, nhs is shocking too
Take care bro.get a speedy recovery
the wait times etc
Yeah I’ve just given up my career in the NHS
Thanks man, gonna be a peg leg for few more years ha
I quit about a year ago
Yeah I hope everything works out okay for you as well, the ACL procedure is quite a big thing, few of my friends had it from football injuries
But they are good now so I’m sure you will be fine
yeah knee will never be the same again
gonnna look like johnny bravo
by time i can train legs again at gym
my right leg is like the same as my arm now
from muscle wasteage
my left leg like 3x as big LOL
Don’t squat anymore lol
should come into play soon 
Will have to do like light hack squat maybe? I dunno really what you can do I’m not a PT
I train legs but everything I do usually involves some form of squat
Bulgarians are the worst for me
i got a bodybuilding coach and stuff so he'll do me a special plan after surgery
Bulgarian squats - not the people hahaha
Danny IYDM can I ask how much you earn in a week from a funded account??
You shorting when the price reaches your entry on the position indicator?
thats just the short/long position Tradingview tool
yeah my bias is short for AJ
down to 4HR EQ/low
ill still take longs if the structure there
but they low probability trades
the high probability are shorts
At 4HR it is above EQ?
morning!
I mean as of now I'm only trading in Gold not focusing on other pairs as focusing on other pairs will lead to distraction..
I'm thinking when my account will be around 500-600$ then I will focus on other pairs as well??
Whats your say should I stick to one until I reach my desired goal or should I start trading in other currencies as well?? @rough jungle
Ah I see so in the bigger picture it is likely to come to the EQ level again forming a head and shoulders?
i try to master just 1-2 pairs buddy. I believe in just focusing on minimal pairs. Dont know how people can scan markets and monitor like 15+ pairs
that doesnt mean it cant be done but personally its not for me
i just do AJ and nas now and again using Lux S&O strategy
it would be a normal H&S and EQ neckline, then break that and retest then down to discount
its upto you, its just my opinion on trading minimal pairs. I knew few people who trade like 7+
Yeah I just removed the inverted lol 🤣 but what I say is the plan?🤞🏻
but i cant do it haha
well i dont follow them chart patterns but now you mentioned it and ive looked, its a good confluence
for my short to discount bias
stack them confluences up 😛
I just have to be consistent just like you guys and I will reach 600 Danny just keep me motivating☠️☠️
i work in %'s i try not to really go off moneytary values or give myself a target of having my account X amount at a specific time
i just trade my trading plan and if my account grows it grows and if it doesnt its cool.
not every month in forex will be profitable
but overall the goal at end of year is to be up
i think thats what my mrs thinks i come home with everyday

AJ gone without us, maybe entry on B&R
Morning gold hit 2400
