💱forex-chat

[sterile oracle]

I may not trade until US opens

that will show me what the market has done

the XAU is consolidating

tonight me thinks

[worn hatch]

Gold 4h TF we are still bearish thou

with Bullish Vols in Matrix Osci

[sterile oracle]

the 1D looks like this to me with my adapted code....

so longer game its Bullish

4 hr.

4hr i see this

it looks like it will short early morning

[worn hatch]

Trading on US session will give me a clear view

[sterile oracle]

USDX is very highly cooked

[worn hatch]

This time I will be trading on new challenge account $300K from FundedPeaks .. Lets see what I can do with that

[sterile oracle]

but they had so much "good" news and their new war they managed to make today?

[sterile oracle]

🙂

I heard good things on that company

[worn hatch]

Yeah indeed

[sterile oracle]

I did not manage to trade enough on my challenge as I was away, however, I should try to scoop that up based on XAU. I just need to hit the 7k profit

may I ask on the following 4 days what do they actually measure?

my consistency is only 31 percent which has passed

I know the final phase is very tough

[worn hatch]

FTMO does not want you finish within a day or two .. that is considered as Gambler

[sterile oracle]

So the weeks holiday has served me well

[worn hatch]

A true trader takes time to trade based on the right setup

[sterile oracle]

they want consistency

[worn hatch]

indeed yeah

[sterile oracle]

Their rules are very strict, how does funded peaks compare?

I have trading copying subsctiption, so I can just copy my trades across...

[worn hatch]

FTMO is 1% per trade idea whereas Fundedpeaks is 2% per trade idea

meaning you cannot loose more than 2% per trade even if you max DD to 5%

[sterile oracle]

they want a 10 percent return demonstrated?

[worn hatch]

there would be automatic warning or manual check on the next phase

[sterile oracle]

It seems fairly hard...? I might have to trade like you to pass! 🙂

the draw down is equity and balance

[worn hatch]

1st one is always a warning

[sterile oracle]

they have a rapid challenge

is that what you chose?

[worn hatch]

Yes they do

[sterile oracle]

but if you are rapid they wont like it

as they get no consistency?

[worn hatch]

Whethere you are standard or Rapid . 2% rules per trade idea applied on both program in challenge or funded accounts

[sterile oracle]

you could possible do this in 1 day and they would fail you as you were too fast

[worn hatch]

They are promoting traders not to gamble with the account

like trading with 0.2 in normal market and using 1-2 lot size during news trade

[sterile oracle]

it suits scalping i suppose

[worn hatch]

thatz gambling

[sterile oracle]

I could test it also

I see they have 10k test... let me see...

[worn hatch]

It is good TBH

[sterile oracle]

did you already have one activated?

do they pay on time etc?

this is a pretty tight...

so its 6 percent on a max draw down... (you have seen what mine can be!) and 3% or dead...

I would never attempt to expose to news on this trial

it only requires 1 day?

0.2 pips slippage?

https://help.fundedpeaks.com/en/collections/278055-risk-rules

i am reading this in detail..

ok so what is the min trading days? I cant spot it/

@worn hatch you have gone for the standard 3 step i think? I am going to try the rapid one... I will likley be kicked by a camel and punished with a 1:15 ratio lol

• 2 step

Got a coupon...

I will join and see..

[glass solar]

yo what happened

[sterile oracle]

you mean iran bombing isreal?

[glass solar]

no

i was removed from dcv

[sterile oracle]

what is a dcv?

[glass solar]

dc

the srw

gold will react to this after open

to the war tho

[sterile oracle]

I know that gold is going to be very erratic...

it was cooling and over night we might have a story, to think on. I am not placing a trade until I can work out where its going... I can see it going Moo mainly but there can be dramatic sell offs as people need liquidity

was costs money but people buy gold...

There is also news on China Russia....

@worn hatch I have joined you.....

[glass solar]

it will srop to

2013 myb

2313

and then go on

[sterile oracle]

I would scalp carefully...

[glass solar]

i closed my scalping days ago xD

[sterile oracle]

I ened up in a weird swing thing

[glass solar]

same

[worn hatch]

This is rapid thou .. I'm on standard challenge account

[glass solar]

i mean not like ur ur

but like 1 day hold

ey fisher my man

whatsgood

[true hollow]

Use FTMO (when you can) your DD is 5% MD 10%

[sterile oracle]

I went small on 25k and I will use it to buy a 300k

I have my FTMO 100k also now

that cost me more

[worn hatch]

You missed the 30% and 25% coupons current they have 15% on $50k and above

[sterile oracle]

i got 15 percent off

[worn hatch]

30% is only on DXtrade platform only

[sterile oracle]

i am using platform 4

I assume this is mt 4

[worn hatch]

This is the account purchased recently with 30% discount on MT5

it is a standard challenge

[sterile oracle]

i would have moved to MT5 but MT4 has way more EA's

let me see they said I would be granted...

straight away

[worn hatch]

I do not need EA on this account rather would trade manually being scalper

[sterile oracle]

the is a good EA to for trailing stop losses... I would make it match their rules me thinks?

[glass solar]

i see fisher u forgot me man😭

[sterile oracle]

what is the dx trade thing? out of interest?

[worn hatch]

so 8% is $24K so the breakdown as follows

$24K / 20 trading days = $1200

So my daily Target is $1200

10 lot size + $1 Gold (10 pips) = 1200 USD
10 lot size + $2 Gold (20 pips) = $2500 USD

[worn hatch]

Hey buddy .. Im good and you ... sorry that missed your message .. Apologies

[worn hatch]

Separate application to trade on

[glass solar]

not bad not bad👌

[sterile oracle]

These are metrics based on a 300k account?

[worn hatch]

Yes Sir

[worn hatch]

this is 8% for $300K .. DD is $15K

[sterile oracle]

ok so I have joined you.

I am going to map this to mirror my FTMO

so I only have to trade once

you are using an 8% economic capital.

this used to be the law in the UK until recently

[worn hatch]

So Rapid has $2500 profits target 10%

so which means $2500 / 20 trading days = $125 daily Target

[sterile oracle]

I am going to attempt to do this in 1 trading day...

remember a camel kicked me then I ate a bear

and want the kebabs from this one/// lol

For a $25,000 investment:

Using the 8% drawdown rate, the equivalent drawdown would be $2,000.
Based on the direct drawdown of $15,000 on a $300,000 investment (which actually represents a 5% drawdown), the equivalent drawdown for $25,000 would be $1,250.
These calculations show the proportional drawdowns for different assumptions about the drawdown rate. ​

1 lot is not possible on 25k account

i will use 3%

which is agressive.

Let's say you decide to risk 1% of your account ($250) and you determine that your stop loss will be 50 pips from your entry point.

Risk per Pip: To find out how much you can risk per pip, divide the total risk by the number of pips in your stop loss:

Risk per Pip

Total Risk
Stop Loss in Pips

250
50

$
5
per pip
Risk per Pip=
Stop Loss in Pips
Total Risk
​

50
250
​
=$5 per pip
Lot Size Calculation: Since each pip for a standard lot of XAUUSD is $1, and you can risk up to $5 per pip, you would trade 5 standard lots if every pip was worth $1. However, this is highly aggressive given the typical volatility of gold.

To keep calculations conservative and considering that each mini lot (10 ounces) movement for a pip is about $0.10, you would calculate

i will multiply by 3...

[worn hatch]

As long as you are following the rule and within the bracket

[sterile oracle]

Total Risk per Trade: 3% of $25,000
Stop Loss Setting: Let’s use the same stop loss of 50 pips as before.
Desired Risk per Pip: Calculated by dividing the total risk by the stop loss size in pips.
Step-by-Step Calculation:
Total Risk per Trade:

3
%
×
$
25
,
000

$
750
3%×$25,000=$750
Risk per Pip:

Total Risk
Stop Loss in Pips

$
750
50

$
15
per pip
Stop Loss in Pips
Total Risk
​

50
$750
​
=$15 per pip
Lot Size: Assuming the pip value per standard lot of XAUUSD (where 1 pip = $1 for 100 ounces) would mean the $15 per pip is too high for standard lot calculations without incurring excessive risk.

If you want to adjust your trading strategy to risk 3% of your account size on a single trade, let's recalibrate the lot size calculation with a $25,000 account trading XAUUSD (Gold). We'll incorporate the 3% risk factor and adapt the stop loss accordingly.

Updated Calculation with 3% Risk:

1. Total Risk per Trade:

Account size: $25,000
Risk percentage: 3%
Calculating the risk in dollars:
Total Risk

$
25
,
000
×
3
%

$
750
Total Risk=$25,000×3%=$750

2. Stop Loss:
   For this example, let's maintain a stop loss of 50 pips as previously mentioned.

3. Risk per Pip:
   Risk per Pip
   =
   $
   750
   50
   pips
   =
   $
   15
   per pip
   Risk per Pip=
   50 pips
   $750
   ​
   =$15 per pip

4. Lot Size Calculation:
   Given the pip value per mini lot ($0.10 per pip for a 10 ounce lot), calculate the appropriate lot size:
   Lot Size in Mini Lots
   =
   Risk per Pip
   Pip Value per Mini Lot
   =
   15
   0.10
   =
   150
   mini lots
   Lot Size in Mini Lots=
   Pip Value per Mini Lot
   Risk per Pip
   ​
   =
   0.10
   15
   ​
   =150 mini lots

1.5 lot can be possible but thats very agresive... @worn hatch view?

i am dropping to 2%... 0.5 lots will do.

[plucky stag]

Stop loss should be based on volatility.gold volatility atm is so high it is doing 1k pips like it is nothing

[worn hatch]

Play smart of you are target small pips and higher profits

don't greed even if the market is going somewhere

see profits and take profits

[plucky stag]

Gold will open gap to the moon ik this monday

I am expecting 1k pips gap if this war news is correct

just stay away from gold or use small lots

[sterile oracle]

I connected them

they mirror

[strong snow]

It already ended didn't it?

Israel downed 99% drones and rockets

[plucky stag]

Market didn't price the news yet

[worn hatch]

What Copier are you using .. Social trader or Tradersconnect ?

[sterile oracle]

social

[glass solar]

as we saw

it dropped mawsively at begining

[sterile oracle]

So in theory I am applying FTMO rules to funded peaks

[glass solar]

so im expecting drop od gold of 400 pips atleast

and then shot to moon

[sterile oracle]

the drop could be considered during asian market..

[glass solar]

yes

[sterile oracle]

unless they all start seeing the news today and think... omg buy gold///

@worn hatch I remember you saying to me that you scalp at 2 dollaras ago give or take....I may follow this.

[glass solar]

yes thats why we get drops first

[glass solar]

i used to do that

i became profitable with 0 experience then fkced it up cause i didnt have setup in a while

[sterile oracle]

I am going to firstly watch and see early to understand what the market will feel.

[glass solar]

i still do that but more of a higher rr rather than 1.1 or 1.2

[worn hatch]

Remember Monday are always Liquidity Grab

[sterile oracle]

Tuesday is a big day, as there will be a lot of talking on monday...

even today

[plucky stag]

if you enter gold atm without setup you will lose your acc. you want to scalp but market wants to go 1k+ pips any side

[glass solar]

thats my setup

[sterile oracle]

that drop is a reset?

[glass solar]

look liq void below

[sterile oracle]

the liq void is a fri thing

[plucky stag]

Gold can easily hit 3k this week if war escalates

[sterile oracle]

The will escalate

[plucky stag]

That's over 8k pips

[glass solar]

imagine i catch it from 2313 to 3k xD

[sterile oracle]

remember that Biden said.... "don't" and they did...

[glass solar]

guys

do u know

oanda glitched me to 3.7k

like 3 months ago

i was saying it here on dc

if yall can find it

At this point moon is the limit

[sterile oracle]

@plucky stag 8k pips could break brokers...

would they have enough liquidity to cope?

I would not be so suprised if 8k happens

possibly by wednesday

[plucky stag]

they will give you 100 pip spread

[sterile oracle]

lol

nooooo mooo

[plucky stag]

Check your spreads carefully

before you place a trade this week

[sterile oracle]

that will be key

the brokers will be pricing this in

[midnight river]

Has your set up entered the desired entry

[sterile oracle]

consider fair value on your entry

there will be an insane candle at 15m on open

[plucky stag]

If you really really have to enter gold use 0.1 lot

[sterile oracle]

i have 0.05

[plucky stag]

0.1 lot can give you 1k easily with this current market action

[sterile oracle]

i need to see pattern of 2 candels

[glass solar]

no

thats why its called setup

[sterile oracle]

i did a bunch of coding and will see what that thing does also

[glass solar]

u made an ea

?

[sterile oracle]

you cant enter until 10pm tonight anyway

and I would not as I would fall asleep

gmt

i am going to see what happens 9am gmt

[plucky stag]

don't trade the open so you don't get got

[sterile oracle]

then eventually trade on US open

after 1.5 hours of open

[plucky stag]

I know it is super tempting but don't fomo

[sterile oracle]

market opens and news....

stay away this week

check your economic caladendar

I am pretty bullish but want proof.

[plucky stag]

Protect your acc.money will come don't risk on news trades this week

[sterile oracle]

🙂

[plucky stag]

specially war news they are unpredictable

[sterile oracle]

Isreal will be busy tonight

let war move the market and watch.

[plucky stag]

yeah sit and watch

let it cool off

[sterile oracle]

all this for 56bn dollars of gas in the suez

also nb

china and russia.....

suddenly silent

[plucky stag]

They will support iran most likely

[sterile oracle]

yup

proxy

[plucky stag]

it is basically ww3

But I doubt they are that stupid tho

[sterile oracle]

proxy ww3 but not ww3 little cold for that so far

[plucky stag]

yeah

just some leverage and bargaining chips

[sterile oracle]

the nord stream bombing caused this...

[sterile oracle]

@worn hatch another spammer... how do they manage this?

[worn hatch]

@blissful leaf

[worn hatch]

Not a Mod anymore

[sterile oracle]

ah sorry did not know

[worn hatch]

No worries

[sterile oracle]

I have a bit of a plan to leverage this whole war thing... to qualify as fast as possible... I will keep lot sizes etc proper and not look like a gambler... If i am honest I am lickying my chops and the 4 hr chart will show me things..

with peaks what leverage do they permit?

1:30

FTMO btw give 1:100

facinating

[worn hatch]

1:50

[strange moss]

Hey

[sterile oracle]

but your a XAU person so you must have 1/30?

[worn hatch]

Thatz normal account with no news trade allowed.. 1:30 is swing account

[worn hatch]

Yeah

[sterile oracle]

FTMO I went agressive

[strange moss]

Why won't i have access to #🚀crypto-chat

[strange moss]

Ftmo sucks

[worn hatch]

Only exclusive for paid members

[strange moss]

Use fundernext

[strange moss]

Oh ok

[sterile oracle]

for XAU, I am tempted to watch oil.....

odly

oddly

more than the USD

[strange moss]

Today market is closed

[strange moss]

Who tried rebels funding

[sterile oracle]

the market might be closed, but you can plan ahead.

[strange moss]

I wanna try but can't seem to good

[sterile oracle]

@plucky stag @worn hatch I posit that oil and xau may follow together tomorrow...

based on war

[strange moss]

I can't seem understand it as a beginner

But I have good investment

[sterile oracle]

hang out take your time and you willl gather a lot of information and experience.

[blissful leaf]

ty

[strange moss]

Ok

Bro
Tomorrow the us market boomed down
The whole crypto and other open market connected to usd got down spiked

I lost too much money

[sterile oracle]

every trader can lose... use this to reflect and understand why this happened. I am not a crypto person.

[strange moss]

Btw i am not sure what freaking news effected it

[sterile oracle]

liquidity..

war costs money

[strange moss]

??

Oh

Iran vs Israel

[sterile oracle]

on crypto I did read about the halving

and BTC hit very high amounts like the last time

[strange moss]

No halving don't effect it before week

[sterile oracle]

before this, people pull money as they need to understand the complexity of mining after...

also end of financial year.

many factors in there.

[strange moss]

Mm

So i should trade fx only for now

[sterile oracle]

i cannot advise

[strange moss]

Not touching crypto will be best

[strange moss]

Mm

Ok
Let's see fx only for now

And don't be sure of fx Market
Because i am sure to buy short order as soon as market opens

[sterile oracle]

the best advise I have is use a demo account

then watch and see observe learn and implement

[strange moss]

I want to earn real money

[strange moss]

Mm

Ok

What broker you suggest
I am currently using deriv

[glad quarry]

This week wont be easy but God help us

[sterile oracle]

dont we all... trading is not free money, it takes work just like anything

[strange moss]

I know

[strange moss]

Can you answer it

[sterile oracle]

Many traders dont have weekends as we read and improve...

[strange moss]

😃

[sterile oracle]

I have not used many brokers.. each have their strenghts.. I am more agressive so aim at higher leverage.

euro based onses are tapped at 1:30

[strange moss]

Deriv by default provide 1:1000

[sterile oracle]

look at swap rates if you swing. 1:1000 would stop me sleeping well

[strange moss]

On their swap free account

[sterile oracle]

you need to consider slippage

spread

and if you are semi automated or not

[strange moss]

I am Muslim so i can't accept swap because it came in riba

[sterile oracle]

ok for islamic based banking

there are brokers there

I am not sure if i can recommend...

[strange moss]

Deriv gives swap free account

[sterile oracle]

type islamic banking trading in google... there is a company beginning with V that you might find of interest

[strange moss]

Ingot is one made by Indonesia government

[sterile oracle]

islamic banking is based on placing a "fee" in stead of interest... however its better in a way as it cannot compound.

[strange moss]

That's not fee
It's spread

[sterile oracle]

This is research I will leave to you.

a spread is a fee in theory.

[strange moss]

Mister M

Can we be friends

[sterile oracle]

well I have no enemies, so in theory, I am either unknown or a friend or aquaintance.

I am always happy to give knowledge that I have.

[strange moss]

🧐

[strange moss]

Yes

Can i ping you here anytime

[sterile oracle]

in general, I am always about

[thorn stirrup]

Salam

[sterile oracle]

take your time and work out your style

[strange moss]

Ok
Bye for now

65m usd transferred now
I got notification

[strange moss]

Ok

[sterile oracle]

waalaikumussalam

[strange moss]

Oh
You Muslim to

From whare

I am from Pakistan

[sterile oracle]

Pakistan had many great traders

and I love the food

[strange moss]

Yes

[sterile oracle]

kebab obsessed!

thats me at least

[strange moss]

What is that

[sterile oracle]

depending on where you go in pakistan, there are different foods...

islamabad , i got to try white curry... its brilliant

karachi,..... the biriyani

i am very food based and have seen the world by my stomach

but I have eyes

Pakistan is very good at cheating me in local markets... luckily I can follow hindi and therefore urdu

[strange moss]

I am from Pindora Rawalpindi

So you are Pakistani to

[sterile oracle]

punjabi side?

I am not pakistani

[strange moss]

Yup

[strange moss]

Ok

Rawalpindi is near Islamabad

[sterile oracle]

you have leather and cars?

[strange moss]

I9 is on our next road

[sterile oracle]

islamabad is green

[strange moss]

Bike

[sterile oracle]

you are in industrial area

[strange moss]

I love dam e koh

[strange moss]

No
Pindora is bit ...
I really can't curse my area here

[sterile oracle]

are you in the army? you have a military base near you

[strange moss]

Nope

I hate police

[sterile oracle]

I have many friends in Kharachi

[strange moss]

Great 😃

[sterile oracle]

just a few in islamabad

[strange moss]

Mm

[sterile oracle]

but I went to mainly see.

its more green and farming based

[strange moss]

Mm

[sterile oracle]

In indian history there were many panjabi before the British modified it

[strange moss]

Yes

[sterile oracle]

your far from the Indus?

[strange moss]

Ok goodbye mister m
I need to watch market now

[strange moss]

Yup

[sterile oracle]

if crypto yes...

if forex just read today

[strange moss]

No
It is running my account for now

[sterile oracle]

Lux has a good screener

I dont trade crypto so cannot have a view

[strange moss]

Lux smc and fvg free indicators works best

I trade most on smc

[sterile oracle]

i dont know smc

but that is BTCUSD

[strange moss]

I got succeed always but market got so much sucking past days

[sterile oracle]

i wont trade this... no news or humans control it.

[strange moss]

Yup

Bye

[sterile oracle]

ok did weird crypto things...

[sterile oracle]

🙂

am bored scalping BTC going down...

Another interesting view.. what happends with my experimental BTC trades given war vs mid east war....

I have spotted something...

the top line is BTC...

look at its pattern..

its just more highly wound

BTC is nuts...

so I am just selling it....

I posit a question @worn hatch could BTC tell us about the madness of XAU? @plucky stag

the top line is BTC overlayed on XAU

[plucky stag]

calm down with the pings bro

I am busy

got like 20 pings from you today

[sterile oracle]

ok cool

will stop.

done

[strange gulch]

can you tell which indicators you are using

[woeful fiber]

Hi 👋 which indicator is that on your chart, is it from premium ones ?

[proper peak]

Any Idea about this Coin?

[broken river]

Will Bitcoin reach 69k by tomorrow??

[sterile oracle]

I would wait until tomorrow... a lot could even happen tonight.

on BTC i did an experiment and am shorting.. as I am very bored

62 ish I am out.

i would not trade BTC during havling personally, its a sunday and I could either play command and conquer or make a little trade to pass a challenge

[strong snow]

Tomorrow gap up? 🤣🤣

[echo kiln]

#🚀crypto-chat Maybe these folks would know

[glass solar]

dahell is pax gold

[strong snow]

It's a yellow, precious metal.

[glass solar]

pax what is pax

[minor venture]

Pax is a treasuroury org that mints and creates assets Crypto for cfds

But backed by 1:q

1:1

PAXG is gold in the form of crypto

If you go their office and redeem 1 PAXG

You will get same usd for what XAUUSD has got

[glass solar]

thank u

Allahuma barik

[broken river]

Btc will rise @sterile oracle

[fringe sage]

@ Deep, great sayings from u bro

[sterile oracle]

yes but not for an hour...

[icy wraith]

Hi

[echo kiln]

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

[echo kiln]

Welcome

[plucky stag]

Yes I said many times.it will gap up

there is zero reason for it to dump when political tensions are there

only when we get something huge like a ceasefire or peace treaty or idk you can expect a massive dump

technicals mean jack shit when fundamentals for gold are so bullish

I will not be trading the open anyways

[shy trench]

Technicals means nothing in any case if fundamentals are happening

Fundamentals more important for direction. Technicals only there to find a spot on entry

[weak egret]

Fundamentals only matter for long-term investors

Unless you consider news to be 'fundamentals', then it depends.

[plucky stag]

well news effect fundementals

cuz news are usually in form of data and reports

techinicals without fundementals is dead market cuz no money will flow in an asset that has no drive in it

you can use technicals to find extremely undervalued assets but they will remain useless and trash no matter how undervalued they are cuz nobody wants them

samething can be said on the other side

[strong snow]

Lmao I have open long position

Guess I'll be driving a lambo or rarri 😎

[plucky stag]

or be broke

it could gap down then gap up

can you handle 400 pip drawdown ?

if yes sure go for that 1k pips lol

[strong snow]

Easy

I do small lots on xau

I can handle whole 1k

Actually 800

[sterile oracle]

Enter not too soon and not too late and you can live longer...

also get out of town at the right time

[weak egret]

For large markets which have endless amounts of conflicting data, it seems wiser to focus on just technicals imo. Only relatively large data shifts become important, but those are not as common.

[sterile oracle]

I may no longer be a bear person or even a moo person.. I may be a sheep person... Mooo.

I was so bored I have been shorting BTC for an hour to beat the challeng thing.

I will soon leave that area... its so...... against every part of lamb steak I am made from.

[sterile oracle]

the btc thing moves, i can say that... but its no animal I have seen.

[lavish glade]

Hey @minor venture I saw you trade bitcoin on binance how you trade in the US?

[minor venture]

Can you share where did I post that

By d way are you Wall Street legend

[calm cedar]

Which software do you use to see these limit orders?

[sterile oracle]

MT4

so

you can make a limit order

it means you dont buy or sell straight away

its called limit order

like this...

here you can set your price to enter sl and tp

my account is rather mental now as its copying my FTMO...

and I have a precarious BTC thing which I cant predict as there is no analysis.

I am going to eat food and think in an hour what may happend

move type to "pending order"

[calm cedar]

Thank you 🙏

[glass lotus]

Any free indicators for forex

[echo kiln]

Hi there and welcome.
Have a look at LuxAlgo's library:
https://app.luxalgo.com/library/

[glass solar]

ouch

[fallow crest]

I try to place a trade but it disappears after it hits buy limit.. is it because i only have $50 in the account?

On mt5

Using 0.01 lot size

[echo kiln]

Lets see where big daddy goes

[echo kiln]

Not sure, this is something you may want to inquire with your broker support

[broken river]

Hii @rough jungle

Good Morning folks

[midnight river]

Up ?

[blissful helm]

Sell or buy?

[broken river]

It's in a downtrend

[echo kiln]

Not sure, what do you think?

[blissful helm]

I did my analysis and I believe the market will rise but only in the London session

[blissful helm]

I did my analysis and I believe the market will rise but only in the London session

[broken river]

What about the war between Israel and Iran?? Is that not gonna effect overall market

[echo kiln]

Then great, the most important thing to me is not the entry, for me, its how I manage the winning or losing position.

[echo kiln]

All relative, as everything affects the markets.
The key is, to what degree?

[broken river]

Yeah because Israel said they are gonna retaliate and Iran said if they try to do the second attack will be more severe

Countries like Iran don't worry about their economy at all and they affect the overall world

[echo kiln]

Then up to you on how you want to use the information.
For me, it doesn't bother me, I just see what my chart tells me.

[broken river]

Yaa bro I am regular at your every stream and it's helping me a lot

In a week I grew my account from 93 to 180 and learning from you and danny @echo kiln

[echo kiln]

Thats amazing!
Thats a huge increase %

Nice job

[broken river]

You guys just keep supporting

[midnight river]

15m tf is on discount zone so looking for opportunities to buy .. FVG has been formed , the lower is yet to be filled , so price to retrace down fill it and move back up and hopefully create FVg and choch to up side

Hope that made sense

[echo kiln]

Lets get it !!!!!

👊🏼

[midnight river]

Well that’s what I’m expecting but market could move otherwise 🤔

[echo kiln]

Trade management is "key."

🔑

We cant control what the markets do, but we can control how we manage our positions....
Fear and Greed.....

[echo kiln]

A+ Set-Up
https://youtube.com/shorts/keSqPs1PbQA?si=Bt7_HNgjXW0IbJst

🤫

[inland fog]

morning

[echo kiln]

Your here, lets get the party started !!

[inland fog]

whats party mick ?

[echo kiln]

trading party

[inland fog]

just started buy usoil

lol

[echo kiln]

Thats the party now!

LOL

[inland fog]

demand zone

usually oil is in line with the dollar

if break 85.85 will choch+

[strange moss]

Is it expected to get market pump on etf news

[strange moss]

Smc my fav

[midnight river]

didnt hit my entry target 😦

similar sey up in GBPJPY 😦

[robust prawn]

how can i find the best setting to use indicator >?

[echo kiln]

#🤝support message

[rough jungle]

morning ☕

[icy wraith]

morning all 😉

[rough jungle]

heyy

todays new:

[lavish frost]

Hello everyone. I am new to PAC. May i know, what is the winrate in using PAC?

[echo kiln]

Dollar has to turn into a waterfall soon, right?

[rough jungle]

SMC or Price Action Concepts toolkits provides visuals for numerous of SMC and market structure concepts.
It is a toolkit for each trader to optimize to a particular market structure strategy, and to their own trading style.

LuxAlgo does not track or provide win rates.
Have a look here for some ideas
https://discord.com/channels/641770286638694402/1128499789437354106
https://discord.com/channels/641770286638694402/997901091389841408
https://discord.com/channels/641770286638694402/997901168393068564

[echo kiln]

LuxAlgo does not track or provide win rates.
SMC or Price Action Concepts toolkits provides visuals for numerous of SMC and market structure concepts.
It is a toolkit for each trader to optimize to a particular market structure strategy, and to their own trading style.
Have a look here for some ideas
#🧠core-lessons
#📈must-watch
#1128499789437354106

[lavish frost]

I see

Thanks

Will do

[sterile oracle]

Morning!

[rough jungle]

Eyeing this up on UJ

[sterile oracle]

ok... I saw a very strange market opening and wanted to see what the asian market was doing with it..

that looks like a mountain / empire state building / kingdom building

the blue line on the left is BTC being eccentric

This week I will be Moo scalping.

USDX will take a hit with Iran... and biden seems to have gone walking into a forest again for some reason

[midnight river]

short opportunity ?

[rough jungle]

possibly soon, still eyeing it up atm.

[sterile oracle]

first XAU of the day... going tight

2350 I am going to do a longer trade but.... I need to see if there is any profit taking this am

[sterile oracle]

am in this trade...

[mild osprey]

Morning guys

[sterile oracle]

this is my test setup...

https://www.msn.com/en-gb/news/world/lufthansa-suspends-flights-to-amman-beirut-erbil-and-tel-aviv/ar-BB1lARxp?ocid=winp2fptaskbar&cvid=d434b39152ba465cd7624049d4c0c508&ei=8&sc=shoreline

[rough jungle]

morning 🙂

[noble crag]

Morning 👀

[plucky stag]

I scalped 53 to 58

done for now

[noble crag]

😂

Finally gold dropping coz of war

Well very fragile commodity during war times any announcement during war can make prices of gold go off the cliff in seconds 🤷🏼‍♂️

I saw Bitcoin dip 10% in just last 48hr

[sterile oracle]

Here is something odd. my trades on FTMO and twin are identical.. However, FTMO have huge spreads...

[sterile oracle]

The BTC drop is halving related.

Its possible to scalp long a little..

[midnight river]

Silver up

[noble crag]

It shouldn’t dip on halving bud it should bump up during halving if you know what halving is

Finally caught a setup 👀

Let’s see how it plays out ⚽️

[icy wraith]

Any gold idea

[worn hatch]

Do not keep any limit order but wait until US session .. market opened with 200 pips in Gold while being sideways of 100-150 pips and we still haven't covered the gap too .. wait for US session

[rough jungle]

paper trading the AJ as i didnt like the single bullish candle up

[oblique willow]

Morning everyone

hope we have a profitable week!

[oblique willow]

Morning, where can we find the times the sessions open and close?

[rough jungle]

You can use the LuxAlgo sessions indicator to show session times

[oblique willow]

awesome is it an indicator on its own or within an indicator?

[rough jungle]

an indicator on its own

[oblique willow]

i believe it must be this one?

[rough jungle]

yeah 🙂

[oblique willow]

perfect thanks Danny

[sterile oracle]

question.

can you see the grey and currently green dots. which of these alert correlate to them?

[blissful leaf]

either custom alert or any alert, depending on where you created your condition

[sterile oracle]

but thwat are the dots called?

what*

the dots must create an alert

any alert will cause chaos

on a small time frame

[blissful leaf]

2 different dots there, so if you're talking about the dots on the oscillator, then @rough jungle got it for you. if you're talking about the dots on your XAU chart, that's the custom alert highlighter. @sterile oracle

[sterile oracle]

DXY could be funky until they decide what to do about iran

it could drop for hours...

[rough jungle]

this 15m candle close i may go into UJ sell

[midnight river]

not the greatest of set ups

[sterile oracle]

XAU is waiting to move... quite a short this morning.

[plucky stag]

Enjoying the gold buy scalps from low 50s

I think I am done tho from this zone

I need a fresh area

[worn hatch]

@past acorn Happy Bdae Sean .. God bless!!

🥳🎉🎊🍻🍺

[sterile oracle]

are you going both ways?

[plucky stag]

Only buys

[sterile oracle]

I am only taking longs based on Moo mode by ocilator on 3m

[plucky stag]

I never short gold

zero reason when market is extremely bullish

[sterile oracle]

thats the ftmo

the spreads are not good...

[plucky stag]

What's the gold spread? I remember being good like only 0.2

[sterile oracle]

thats my twin peaks its way better @worn hatch

[plucky stag]

My broker got 0.4 spread atm...way worse than ftmo so I don't want any complaints xD

[sterile oracle]

I am copy trading on both accounts

and one is making profit and the FTMO is showing loss even though trades are identical

[plucky stag]

like I said what's the spread?

[sterile oracle]

let me take a look

0.0040% per lot, ftmo...

but there is leverage 100x

[green bluff]

Mornin!

[rough jungle]

AJ providing the goods today

[worn hatch]

This is what it is happening

SB session for now

[plucky stag]

Just difference between bid and ask how much

[minor venture]

gold is still sitting like shit

BTC moved 3% in 1hr now

[sterile oracle]

I am loong on BTC... i made something decent yesterday.

[minor venture]

good are you shifting towards crypto

[plucky stag]

anyways ftmo spreads are really good

[minor venture]

lol @plucky stag

[plucky stag]

only 0.2 difference between bid and ask

[sterile oracle]

I dont shift I fall over

[minor venture]

why do you care for spreads lol

[worn hatch]

You joined Prop firm ?

[minor venture]

i am thinking to join one

[plucky stag]

Not atm but I remember using them months ago

[sterile oracle]

FTMo is tight so I guess its the leverage causing me trading issues on 2 accounts at once

[worn hatch]

ooh okay

[sterile oracle]

twin peaks seems more simple to pass

[minor venture]

i have no idea how do you guys has so much patience

seeing markets in pips

[plucky stag]

Atm I am risk averse I only want to use my own personal accounts to ensure money comes to me without any nonsense

I don't wanna deal with propfirms bs

[sterile oracle]

I take it they just dont want to pay out if they can help it?

[plucky stag]

I don't want to deal with a propfirm finding every minor excuse not to pay me

[sterile oracle]

I think its possible they have loads of beurucracy and delays and inefficiencies

I would assume they would not last long if they dont pay sooner or later

but I agree @plucky stag its best to be in control of your own broker as a customer

[near hawk]

are you guys setting up to short USD/JPY?

[sterile oracle]

that was earlier

now, I am thinking

I have a sell open on it

i have 0.21 lots

on that pair

could short at 153.9

thats a 4h look

1 hr is very bullish

[minor venture]

Before joining prop girls

Firms

[minor venture]

First google certain stuff about them

[sterile oracle]

on one day...

[minor venture]

Hong Kong Approved Spot BTC and ETH ETFs

[sterile oracle]

I would be cautious with USD at the moment incase Biden comes out of the forrest

[sterile oracle]

I read this and china have dictated this

this shows me DXY is being challenged today

[minor venture]

Why you are still trading this then

Jump to ethereum serz

[sterile oracle]

the US goverment hold 12.7 billion of it.

ETH is USD control IMO

they keep arresting people and taking crypto

I have long trades open on BTC... but I have little idea what on earth is does. when you have the words "halving" and cant remember exactly what happend on the last one with goverments supporting it and then people being arrested and jailed for life... its all a little.......... confusing

@minor venture consider gold and see how much pain or joy it can bring re BTC... and see..

[minor venture]

Gold does not move

I don't wait patience

Nor I can run bots on gold

If anyone knows how to run bots on gold please tell

I want to do algo trading on gold

[sterile oracle]

I know how but I would not try it... humans are insane

you can model it

and trade against he USD pretty well untiil economic calendar (not applied to crypto) is employed

for example...

[minor venture]

Lol 😂

[sterile oracle]

at 12.30 today uk time... just simply do noithing

xau will be very very high by december

and all you need to do is scalp all longs... and let various bombings and retaliations happen. Then when in Feb China takes Taiwan... who knows.

wait its monday...

ah crap

this is tuesday... at 2am GMT.... have every trade you have open shut... thats going to be insane and the asian consoliation market... different.. and this will impact XAU a huge level

India is also having elections and its very pro Modi.

[near hawk]

babypips

[sterile oracle]

i find this one more clear... https://www.fxstreet.com/economic-calendar

it gives me idea of how serious the news is

[near hawk]

i dont like too serious 😦

haha

[near hawk]

it makes me feel like my dad reading the newspaper

😬

btw I think finally USD/JPY has started its downward momentum

how far down would it go? shall be exciting to see

the speculations say itmay go down all the way to 151 thats a lot of money shorting

[sterile oracle]

the issue here is USD is currently at war

and they have not woken up

[near hawk]

yeee truwe

[sterile oracle]

you could trade to US open new and get out

[near hawk]

7 am will be crazy

[sterile oracle]

I am already short on it for now

[near hawk]

newyork am I mean

[sterile oracle]

but I am trying to trade BTC, XAU and USDJPY..

so my head hurts mainly due to my camel kicking me again

and these there matters

USDJPY i am short, the other 2 I am long as... I am assuming that Iran needs to be "liberated" again like in the 70s while russia and china make some key decisions...

[near hawk]

I heard something about drones being deployed i hope is just rumors

[sterile oracle]

The Us dont do things on weekends that we know of. Isreal are pretty annoyed at the moment..and while each has said "they did not attack each other" its odd. Also Iran has a pro Shitte goverment which reduces their popularity, However I view a collaboration has happened. I would pay some attention to Lebanon and Syria also now...

[near hawk]

[sterile oracle]

NB Saudi and gulf states are silent on this, Oil price will go up as someone said, due to the implications of Russia not selling, Opec cutting back on project Neom and the US with all its good new and biden in a forest again.... Either normalisation happens or escalation happens.

have a look at the 1973 period of time... odddly familiar to me even though I was not born then

@minor venture

that overlying line in blue is BTC.. and the crypto world.. its following XAU

its faster than XAU.... BTC has halving and DXY is dropping... by correlation,,,,, people are spending money

so at 2339consider buying BTC and XAU at once... even 2327..

[sterile oracle]

XAU has turned

[bitter bloom]

hey guys, finally back from a 3 week holiday. when i left TFT was having pretty difficult issues and was moving everyone to DX trade and such. and now that I'm back i see everything is closed......like dashboard is closed "temporarily" and their discord hasnt been active as much????

I'm assuming i've been scamme out of my money??

anyone know whats going on???

[lavish glade]

It was like a post I sadly don’t remember where you posted it I believe it was on the crypto chat and I noticed it had binance so I was just wondering

@minor venture found it

[minor venture]

This is of Mexc global

Closed my long

[lavish glade]

Yes this!! Are you in the US ?

[minor venture]

No I am not in us

I am in North korea

[lavish glade]

I was wondering if I can trade it lol looks Dope

[minor venture]

You can trade anything

[lavish glade]

My ip says I can’t LOL but maybe I can do something

[bitter bloom]

@worn hatch any idea??

[worn hatch]

TFT has closed down including 7 other prop firm that belongs to TFT which is SFT and so on

[split night]

Is MexC a good exchange?

I’ve seen people do crypto pumps on some coins on there and I didn’t know if it was legit or not

[minor venture]

I don't know all that . I am trading on it 🙂

[bitter bloom]

didnt you have an account with them?? so now what are you using?

[worn hatch]

They said they will come soon .. their website says 3 days

[split night]

Ah as long as it’s okay to trade on I might dabble a small amount of capital into it see what happens lol

[worn hatch]

I did have $100k x 2 funded accounts with them

[split night]

With MexC?

Do they have any coin conversion fees?

[minor venture]

0 maker and 0.02 taker

[worn hatch]

Got $200k x 2 FTMO funded
Just purchased $300k challenge from funded peaks
$10k challenge from fundfortraders 3 phase challenge

[bitter bloom]

yeah i saw that too, but at this point i only had one account and it was my first experience with prop firm trading, so i went with a small 10k account and now im not confiedent in putting my money anywhere

any advice on what i should do??

[plucky stag]

how are you doing bro,been long time since you talked here

[sterile oracle]

3 days.... hmmm an idea they are experiencing liquidity as the market turned upside down?

@worn hatch i hope you have enjoyed some gardening... what are your golden views?

and how is the challenge going/>

FTMO will think I am insane when I pass I have a consistency score of 36%.. I blame the camel that kicks me

[worn hatch]

Iran and Israel war is over .. flights are back to normal based on flightrader24 .. Gold won't fly up but we are heading down on HTF

[sterile oracle]

I noted on CNBC there is a chap called Singer who wrote "the new cold war"... biden from the forest has asked Netty to chillax... this showed me why XAU was dropping for a small ttime

Isreal will not retaliate

so at some point I have to become long term bearish @worn hatch

thats my daily

sorry that was BTC

one moment

[bitter bloom]

so guys any advice if i should prop firm trade, and if so.... what do you guys suggest?

[sterile oracle]

@worn hatch I will keep my XAU longs on until 12.15 today gmt and then close down until I see a movement like you would...

If normality is there, normal tactics remain

[sterile oracle]

I am trying 2, have not failed yet, Twin peaks was the last I joined and I am mirror trading

these prop firms have opinions on your styles and you must comply... they dont like "gamblers" or erratic traders who focus on fundamentals.

@worn hatch I am contemplating longs... for 30 mins

your favoirity 3m... I am looking for an entry..

2347.... meh

i will go longer ish

[bitter bloom]

awesome, so basically most trusted would be FTMO?? any others you guys would recommend??

[sterile oracle]

FTMO i can tell you is very hard to pass..the other i mentioned I joined yesterday.

[true hollow]

depends on where you live

[sterile oracle]

early spot..

popped in for a long scalp

[true hollow]

Ftmo has the best conditions in my opinion

and i have not yet heard that there are problems with the payout. This is much more common with the others

[sterile oracle]

yes FTMO have an excellent name

I was saying its quite difficult

especially as they force me to trade against the very grain i am built

this is kebab based

I recommend that you do some research and depending on experience try or practice, I have no idea what style of trader you are or how long for

[bitter bloom]

based in South Africa

[sterile oracle]

So lots of cars with fire flamers?

SA has the same price as UK

time sorry

[bitter bloom]

i dont mind a difficult challenge, as long as their real and i can make real money from it, then yeah i dont mind trying it out.

[sterile oracle]

What I can say Is I am doing both challenges at once.

and one is FTMO

[bitter bloom]

basically an hour ahead of UK

[sterile oracle]

and I think they have a good name

the other is twinpeaks recommend on here and doing both at once are giving me different experiences with FTMO being very antiscalping

[bitter bloom]

anti scalping as in high commission on trades??

[true hollow]

you have to consider the regulatory hurdles. You cannot trade on a live account in Germany. Otherwise there will be problems with the German SEC

[sterile oracle]

twin peaks are in munich?

[bitter bloom]

i know we can trade forex and cfd's in this country, its not really a problem.

[sterile oracle]

potentially BTC etc being seen as risky,... FTMO may not enjoy you passuing the challenge of it as its basically insane in myview

[true hollow]

it's not about what you are allowed to trade, but are you allowed to trade with prop firms?

[sterile oracle]

perhaps consider to all read their rules and see if you can trade that way... I find it challending but not impossible

[true hollow]

The problem with FTMO with BTC is that you trade a whole BTC and have no leverage or micros

[sterile oracle]

BTC and leverage..... I can say would stop you breathing at certain points in the day

[true hollow]

*small lerverage on the normal Challange

[sterile oracle]

BTC is like a chicken with no head!

both my challenges are agressive

[true hollow]

currently yes

[sterile oracle]

its potentially parabolic

but there is a halving..

and I remember what happened last time

XAu i am having fun today..

gotta stop in 20 mins or so

[broken river]

@rough jungle where are u

[rough jungle]

here 😛

[bitter bloom]

any idea if Funderpro is a good idea??

[tough thunder]

Voron on

[broken river]

@rough jungle see your dm 100% completed

[rough jungle]

smashing it, well on your way to you're 200 target by end of week was it?

[broken river]

Yaa I guess I will reach it by tomorrow only

Then what should I do

Should I leave it for this week or move on to my next target

[rough jungle]

very nice! continue doing what you're doing, if your happy with your profits made by today/tomorrow then stop if you want for the week. It's entirely upto you

[sterile oracle]

What is this demon and how do I joing? 🙂

join*

[rough jungle]

He was just showing me his account gains and that hes nearly at his profit target already this week, what he set out to achieve on friday for this week

[sterile oracle]

Thats excellent

I am having a golden brick and have closed out ready for mental Biden news based things... regarding peace...

i have xau on short while I eat lunch

[rough jungle]

will be posting a S&O 1min AJ strategy at some point today in https://discord.com/channels/641770286638694402/1128499789437354106

what works on both ha/normal candles

been playing around with configuration and settings/backtesting

[sterile oracle]

what AJ

just out of interest?>

[rough jungle]

aud/jpy

[sterile oracle]

interesting...

so its bullish...

this is a daily...

let me see if i can scalp this thing

not lots of movement there... on 3m... but....

i like level lines of tops and bottoms

[sterile oracle]

BTC is dumping...perhaps XAU may drop after news...

i am shorting on this and sitting on it for 15 minutes...

i am also eating lunch

easier than XAU... ?

done

[inland fog]

too slow... lol

[sterile oracle]

and this..

I am eating for a bit and will think.

[inland fog]

nc

[sterile oracle]

scalping up in another 20 mins after news

2.15pm ish..

[near hawk]

lol i got taken out

[plucky stag]

HOLY

[echo kiln]

HOLLLLD

[near hawk]

i forgot news its at 8:30

[plucky stag]

uj is pumping

to the moon

wow

[split night]

Me too lol

[near hawk]

yeah usd/jpy predictions were true that thing its gonna keep going up

they say 155

[zinc elm]

GBP/USD just hit my SL and kept going.. didnt even slow down to say hi lol

im out for the day.. i need some more structure... but i will see if SO and OM have a entries available

[near hawk]

i know its so not fair lol i worked all night on my setup

[zinc elm]

thats trading.. its the hardest lesson to learn.. not to take it too personally because 1 correct trade will overwrite that loss 3 times over

[near hawk]

yeaah i still got my long on usd/jpy i hope it keeps the uptrend

[zinc elm]

probably will.. DXY will pump to the moon..

[sterile oracle]

xau is on it going up..

[near hawk]

the war rumors keep getting stronger

[zinc elm]

the draw down on XAU always scares me out...

[sterile oracle]

you need to leave enough room on SL

[zinc elm]

lets see how the US market takes the day...

[sterile oracle]

and understand long time frames

the US are taking it easy today.

its just ocilator work

[zinc elm]

im still recovering from my last SL hit from XAU... i will give it more room once im happy with my level

I also have PTSD from the experience

[sterile oracle]

longer trades.. this one...

I am more concerned about China today

they are buying a lot of XAU

[near hawk]

well all the analizis and stuff I have read online talk about how weird the market is being today.

its pretty scary lol

bitcoin its also moving pretty weird

[sterile oracle]

bitcoin is halving but.. when there is weirdness, you do get bullish on XAU...right?

i am trying to not keep long trades

I am using a STF on both and stearing long for a few hours

[zinc elm]

the news is conflicting as well.. if a war starts, US will need to print and control inflation at the same time... not gonna happen.. something is gonna break

[sterile oracle]

Biden came from the forest and said "take it easy to isreal".

that basically means they stabilised while they think

Iran have been printing a lot of money to fund this war... so USIsreal are looking.. but note.. China have announcements today...

and China x Russia have something.....

Putin is watching now.

[zinc elm]

these are strange times

[sterile oracle]

the candel at 30m.. was explosive on XAU

[near hawk]

mr biden needs to resign soon

cant be coming out of the woods like that

[sterile oracle]

there she goes..

at least biden is easy to control.

[inland fog]

😴

sleepy market

[sterile oracle]

good to scalp...

[inland fog]

good for kebab

this war cancel / pending ?

lol ...

[sterile oracle]

I have CNBC on in background.. the war is not cancelled.. they are faffing about because Iran has done something and they need to think... Iran is selling oil well.. so oil dropped with it priced in... Nato needs cheap oil.... they priced in this war... so..... errrr I dont know

[inland fog]

iran no need sell to nato, just sell for brics asia & latin america

lol

[sterile oracle]

I went to an atm i cannot buy them, Brics is 3 years away

[rough jungle]

AJ my bae

[sterile oracle]

wowsers what leverage and pips?

[rough jungle]

0.8% risk on 200k acc

[sterile oracle]

and your leverage?

100:1

?

[rough jungle]

yeah

50 lot used 32.3k margin

[sterile oracle]

so this is something I see as very odd I am doing 2 challenges at once today...started properly yesterday... account 1 FTMO is a 100 usd one and the other twinpeaks on 25k... the actual profit I am delivering to both is not far away!

ftmo...

:

[rough jungle]

ftmo im using

[sterile oracle]

and then twinpeaks:

first is my ftmo for today

and the second is a small twin peaks

ftmo is much hard to trade with

I have 6 more open trying to clear both challenges out

[sterile oracle]

2370 will top me

I am using the 4hr

which means 50 mins of pain

but I am scalping loong

on a 1 or 3 min chart using ocilator plus my silly code I made on Sunday...

[rough jungle]

oh nice, you code?

[sterile oracle]

I was a decent coder on pine

[near hawk]

nice

[sterile oracle]

pine 5 changed

but I managed to remember enough to fix my syntax

[rough jungle]

ah cool, ive been researching pine 5 a little nothing major though

[sterile oracle]

pop this on your chart and see what it does to your eyes....

[plucky stag]

pine 5 is really horrible