💱forex-chat

[plucky stag]

never fk with gold

[sterile oracle]

gold will be here with btc and cockroaches after we have destroyed ourselve

s

long

but when it shorts its time to have no trade and watch news

today was beyond volatile

[plucky stag]

if you had wrong long gold entry you will most likely win eventually but wrong short entry you are so fucked

[sterile oracle]

my exposure can kill me

and margin call it

even if I think its right

so I have to scalp

but ocilate

when the price drops buy

then keep getting out

i have my camel and donkeys to force me out of trades

3m

it shouts at me now

1m gets me out quicker

I stop myself from being in trades long with camels and donkys

but xau is long only

so it either makes me trade or kicks me out

[plucky stag]

yeah take care when tradiing gold crazy volatility

you can blink and suddenly price jumped 100 pips

like what the F happened

[sand ruin]

Bro, what are you trading on the indicators in this chart?

[hidden sphinx]

Do you have an idea about EURUSD or DXY ?

[rough jungle]

@echo kiln you've rubbed off on me, why am I trying to find a white chart with colours I like.. watched too many of your streams 👀

[glass solar]

hahahahaha

[echo kiln]

LOLLLL

[glass solar]

guyyssss what is good with everyone

[half cape]

Hey Mickey... how do I get those "HL" and "LL" signals on my chart... Thanks!!

[plucky stag]

style in PAC then check the 4 boxes

[half cape]

Got it... thank you 🙂

[broken river]

What's going on with gold want it to go below 2376

It's not going at all do I have to wait till tomorrow??

[near lily]

1

[echo kiln]

The markets move when it wants to move

We just have to wait until I set up comes to us

[broken river]

No I already have a sell order at 2376 which is currently in loss I'm asking should I take a exit or wait for price to come till that??

[sterile oracle]

honestly dont do longs unless you must to protect your longs on XAU for now

in the mean time,

[strong snow]

Yeah, do that. Taking loss at 200 pips is always a smart move.

[sterile oracle]

the nation of @M as been in a civil war... I can confirm that @M has one by an electionf level of 100 percent the other M has been kicked by a camel, the vote of el presidente M has made all Ms vole in favour of camel trades and running from donkey ones. On other news, Dubai is a swimming poil as prediced in certain holy scriptures and my good friend had to swim to the office and was told to work from home byt only after he arrived. Democracy is falling, even @M is losing these battels and he knows his opponent @M well... I am too afraid of XAU and both @M a camel and a donkey are forcing me to sleep... finally on a lighter note I realised you can cook corn on the cob in an airfry... good time. I accept congratualions for my vote and also hang my head in shame... the attachment is either the metro / subway or a swimming pool park in dxb...

🙂

2432.....?

thats 1 hr.

[broken river]

Bro I have a short position currently

[broken river]

@sterile oracle what are the chances it will bounce back 2376

[sterile oracle]

errr

maybe tomorrow

it could do almost anything

just try to get a 1 usd price movement and leave with profit or accept loss.

and use 1 percent of book and not 3 at the moment..

you could see 2379 over night

[broken river]

I have already said a tp at the price on which I bought

[sterile oracle]

and it top at 2398+

[sterile oracle]

are you BE

if so take 50% cash in and let the rest ride and slam your SL if long to less than 1 usd

the we are at the west coast time now cal side and they are buying

[broken river]

Yaa i am thinking of be only

[sterile oracle]

if your on shorts and you are BE, consider my two trades

if you can get out

then go to a long TF

and it will show you.

this is what i see on a 5m

the shorting is done for today.

but in the morning based on what has happend for two days, there could be some long shorts

[sand ruin]

Friends, can someone explain to me how to use lux algo indicators and how to evaluate the chart when the indicator is opened?

[sterile oracle]

so consider your margin and if you can withstand a mild continous long over night

or rather sleep

[sterile oracle]

There are plenty of tutorials @rough jungle

[sand ruin]

I think you have to be a VIP first to get help from this mode.

[sterile oracle]

just deploying my eas..

no idea if i break it..

[true hollow]

https://www.youtube.com/@LuxAlgo/videos

[sterile oracle]

that worked..

i have event borrow ftmo mento... lol

[true hollow]

https://docs.luxalgo.com/docs/getting-started/introduction

[sand ruin]

thanks bro

[true hollow]

all you have to do is google a bit

[true hollow]

np

[sterile oracle]

ok this takes care of my risk management

worst scalp ever...

howeverI was testing the EA

[weak egret]

i read eas as ass 😄

[sterile oracle]

thats the cactus... dont speak to it.. its spikey and does not let me sit

one very crap scalp and one a little more thought out..

[sand ruin]

Brother xau looks a bit like a truck with broken brakes 😄

Instead of reaching my daily target with one transaction in xau, I take ten transactions in other parities.

[echo kiln]

AUD/CAD
hmmmmmmm 👀

[sterile oracle]

dont doubt gold trust me, it can make you eat trucks

[sand ruin]

As long as it's about profit, it's okay bro.

[sterile oracle]

0.8845

audcad?

audcad?

[sand ruin]

my aud/cad idea

4hours chart

[sterile oracle]

my 5 min scalp

never traded that animal before

[echo kiln]

you mean this?
#💱forex-chat message

[sterile oracle]

there are donkeys it...

hence my little scalp

thats a 1 hour

[sand ruin]

yes bro. just idea

[sterile oracle]

that made me laugh

[sand ruin]

But I'm not as good as you, I'm an amateur

[sterile oracle]

if it breaks 0.88572 that thing is going short.

i took it again.,

mainly as canada had funky news today.

[echo kiln]

Ill say .88000 even

i like round

LOL

[sterile oracle]

lol

I am using donkey mathmatics on this

xau does not work on this pair

and whats with the decimals...

[echo kiln]

Never heard of donkey math, I heard of clown math though

[sterile oracle]

that was me I invented this at the turn of the century... the year was 1999

[echo kiln]

ha

[sand ruin]

My ideas today did not carry me forward. That's why I'm trying to understand how premium indicators are traded and used.

[sterile oracle]

useful if lazy...

[broken river]

@sterile oracle are u awake??

@rough jungle buddy need one advice

[glacial shale]

JPMorgan

[worn hatch]

He would be sleeping .. 12.20 am in here

[broken river]

Oo @worn hatch danny told me you are master in XAUUSD trading

I need one advice

[near hawk]

napping* lol

that man dont sleep

guys is it me or NY PM its being very quiet?

i dont see a lot of movement

i dont nomally trade NY pm so i dont know what to expect

i normally trade the first 2 hours of london

[worn hatch]

Not a master thou without vols 🤣🤣🤣

[worn hatch]

Surely tell me

[broken river]

Ok Im telling you pls tell me what should I do

[worn hatch]

NY PM is always dull.. make money until NY AM session

[near hawk]

thanks (:

[worn hatch]

London/NY overlap is good to trade too

NY 10-11 am is amazing too

[near hawk]

yes (: I make most of my money there

[broken river]

I have a sell order of currently at 2376 and it's currently in loss around 12$ I believe market will go down further if you see 15 mina chart for gold you can see the last 4-5 candles were in downtrend and now the market is closed it will again open in 24 mins..
What should I do should I hold the trade or sell it in loss...
I had a TP set of breakeven @worn hatch

Bro pls help me out here I'm a newbie @worn hatch

[worn hatch]

Reading

[broken river]

Cool

[near hawk]

market reopens always bring spikes

😦

[worn hatch]

1st thing never keep you trades open overnight whether it is in loss or profits .. remove them out .. you never know when market open what gap is can create

2. Does your account have swap charges .. remember tomorrow is Wednesday and if you have any trades open for tomorrow too there will 3 x swap charges which could eat most of your profits

[sterile oracle]

when is the market due to open

[broken river]

No swap charges

[broken river]

In 18 mins

[sterile oracle]

@broken river there will be a large cangel

I am not sure if it will be big enough to get to 2376

[worn hatch]

3. During market open Aussie market do not have any vols while you would sitting with the same trade until Asian Session which is like 4 hours from now

[sterile oracle]

and for the next 18 mins you cannot modify stop loss etc.

you could install an EA to make a trailing stop loss

but it wont even work fast enough on a candel

what margin has this trade eaten?

hopefully its just 1 trade?

[broken river]

Yaa bro

[sterile oracle]

wait 18 minutes..

get out the trade

[broken river]

Yaa bro just 0.02 lot size

[sterile oracle]

and go to sleep

take a 0.02 hit

its not the end of your book

[broken river]

Yaa here it's 3:15am rn

[sterile oracle]

and during busy times you will eat this trade up for profit in which ever directon

when the market opens...

kill the trade

[near hawk]

checking dollar index closelly and check with RSI for a possible reversal to be ready to close your position seems like an option at this point..

[broken river]

If I take a loss of 12 dollars then also I will end today's day as profitable

[sterile oracle]

this is my 15m

last 2 bars...

[broken river]

Wishing it's gap down because before closing 1-2 candles were super bearish

[sterile oracle]

it means to me at least it may drop a few pips then start to turn

sorry that was my 5

the 15 is this..

[broken river]

Volumes suddenly got increased out of nowhere in last 2 mins when the market was about to close

[sterile oracle]

there is a chance you can limit loss but with 0.02 lots I would just take it

[near hawk]

@broken river gold has to break previous day high resistance in order to keep going up.. that is your lifesafer

rith there

i mean

DXY

not gold sorry

[worn hatch]

It will fall once it opens.. what your capital you holding ?

[broken river]

Yaa bro it's a kind of profit for me only from 40$ loss to 12$ loss

[sterile oracle]

DXY on a 1hr is getting topped... upwards

it will cycle

[broken river]

0.02 lots only

[near hawk]

yes thats my initial thought

[worn hatch]

And total capital?

[broken river]

I have around 210$ on my account

[worn hatch]

BTW what sort of strategic trader are you ? @broken river

[sterile oracle]

210 going forward stay at the minimal

0.01

or make a practice account

going forward

in this...

even though I am bullish

I hope for you you get a decent candle

[broken river]

Bro I started forex trading just previous week only from 93$ and within one week I grew my account to 210$

[sterile oracle]

lt 12 usd loss

if you get clost to this..

given its 3 am

with you

close it sleep

and see tomorrow

you should not lose sleep trading its not worth your life.

[near hawk]

sound amazing, but sound like high margin trades.. those would always get you stuck on this type of "pannes"

[sterile oracle]

500x?

that is very hard to trade with

you need very small stop losses

[broken river]

From the last 3 months i was doing on a demo account

[sterile oracle]

and look for minimal profit

[broken river]

1:400

[sterile oracle]

thats very high

what is your margin %

[near hawk]

lol

[broken river]

That's what I have been booking 3$ profit per trade and taking exit

[worn hatch]

You still a newbie in trading .. you haven't got the blow yet like all traders have got it several times

[near hawk]

@broken river it may be a good time to rethink the amount of margin you use

[worn hatch]

Trading for a week is like gambling thou .. have you traded before except for forex ? @broken river

[broken river]

Yaa I was in Crypto from the last 1.5yrs

[worn hatch]

Thatz scalping

[worn hatch]

Oh okay it does make sense now

[near hawk]

high margin its one of the top reasons people get stuck in this type of situations. no judging here.

[broken river]

But in my country it kind of got banned so shifted to forex and in crypto I had to give 32% tax to the government from my profits

[worn hatch]

Well every forex Trader has blow account after accounts to be profitable including myself

[sterile oracle]

I find crypto a challenge and thats just btcusd...

its about 6 mins left now

I would suggest thinking about something cool and wait for a 3 min candel

[worn hatch]

Not for you thou just the company broker has to give the government tax

[sterile oracle]

3m tf

and get out

and accept the loss..

it wont kill you

and you can recover it

when the market is where you can see it

[worn hatch]

I'm Indian too and I don't pay tax to Indian Government @broken river

I keep 100% profits to myself

[sterile oracle]

India is higher in tax

however,

what stops you traveling somewhere near

[broken river]

Oo cool bro there is a crypto tax in India 30%

[worn hatch]

However being NRI .. we are non Tax Indians

[sterile oracle]

like Sukanya Samriddhi Yojana (SSY)
National Pension Scheme (NPS)
Public Provident Fund (PPF)
National Pension Scheme (NPS)

I am a rather backwards on I have OCI card

[worn hatch]

Those are for those who reside in India

[sterile oracle]

but I opened an NRI account with SBI and can access it anywhere

[sterile oracle]

I was not sure if NRI or not

[worn hatch]

Same here with good amount of % on savings 🤣🤣🤣

[sterile oracle]

well that might work for now, but modi is looking at this now...

[worn hatch]

@broken river Do you have anything to help you with ?

[broken river]

No just 1 min left praying to God atleast it goes in my favour

[sterile oracle]

even I am

[near hawk]

🙏

[sterile oracle]

i really hope it drops enough for you to clear your position

my posistion is this, but I want it to clear yours first so you can close and then, I will get my projected profit point..

good learning here...

[broken river]

Yup bri

[sterile oracle]

close trades and sleep

and watch them

[broken river]

Closed

[worn hatch]

Seems it already took off

[sterile oracle]

I was popping up after market open to cose

loooks frozen on peaks

[broken river]

Good Night Guys

[sterile oracle]

you got it?

[worn hatch]

Why you using 0.2 on a $200k

Use 10 lots

[near hawk]

alright bro. tomorow is another day you got this

[sterile oracle]

I was setting up EA's

and was testing them

[broken river]

Yaa at 13.5$

[sterile oracle]

before I properly traded tomorrow

[worn hatch]

Leg me know

[sterile oracle]

ok tomorrow am

I am going to leave this position

it will clean itself up

[worn hatch]

Nite for now

[sterile oracle]

good night

it has a trailing SL

that activates....

[broken river]

Good Night guys

[sterile oracle]

sleep well.

[near hawk]

see yuou around fellas

[inland fog]

good morning

[echo kiln]

morning

[inland fog]

are u never sleep mick ?

[echo kiln]

LOL

[noble crag]

We works for FBI 🤫

[echo kiln]

HAHAHAHA

🤫

[noble crag]

https://tenor.com/view/dont-worry-i-wont-tell-anyone-david-rose-david-dan-levy-schitts-creek-gif-20788422

[inland fog]

no need sleep since JFK...

[echo kiln]

Ill be going to bed in a few hours

💤

[echo kiln]

Let's see if this works out

[echo kiln]

Anyone catch any longs on this pair?

[sterile oracle]

Morning

[echo kiln]

[sterile oracle]

lot of gbp related news today...

[inland fog]

morning

[icy wraith]

Morning all ☕

[sterile oracle]

how do you add that rib retracement on the right of that chart?

ah did it

scalp mode on a 1 min...

[dreamy narwhal]

You can set up templates for your fibs too - so you can have them however you like.

[midnight river]

took this so hoping for a push up today

do you enter at 71% retracement?

[sterile oracle]

hi

just had my ocilator matrix blocked

@dreamy narwhal

[dreamy narwhal]

Just refresh your Trading View account. TV glitches sometimes.

[sterile oracle]

restarted it

working fine

then my screener dissapeared!

[dreamy narwhal]

Maybe you forgot to save it, LOL

[sterile oracle]

I saved it

just recopied it

[mild osprey]

Morning

[inland fog]

choch+

[sterile oracle]

i was scalping short on that this morning

the buys are 0.618 fibs... being activated

I cant remember what is the ChoCH+

I use it

but cant remember it

it was a set of strong signals though showing support

[noble crag]

#JudasSwing 💪🏻

[inland fog]

another one

[sterile oracle]

xau is retracing up at the moment..

but still bearish.. I think

there has been a lot of GBP news

the US today... nothing that major... EUR something important 17.45 ... I will be done trading by then.

[heady ginkgo]

😢

[rough jungle]

news today:

[heady ginkgo]

29W 13L

My Risk to reward no good every time I up the lot size it goes wrong

[sterile oracle]

have a look at divercence

each time you se it

make a 2:1 profit ratio

[noble crag]

Up 4.5% 😏

[sterile oracle]

divergence*

[rough jungle]

dont keep uping the lot size, i keep the same lot size for months even though i make profit

[sterile oracle]

everytime your lot size increases you are exposed to market chaos more

you should have 2 lot size settings.. depending on your book

if there is news, reduce it right down

if its just cycling and your scalping you can adjust but the trades must be short

if you are swinging.. dont touch your lot fize and read your margin regularly.

[rough jungle]

the gold trade i marked up yesterday

to see how it would play out

id of gone break even now at bottom of sturcture and await break and retest for another entry or it hit BE

[noble crag]

Bro is trying to use martingale on small account

[sterile oracle]

you need a very large account for martingale as it eats margin like a monster

and falls over.

its the same as me being kicked by a donkey and a camel at the same time..

would be scary

[heady ginkgo]

Yes only a very small account

[heady ginkgo]

Ok thanks. I just trade 0.01 and 0.02 and do just fine but every time I get a little confident it goes wrong

[sterile oracle]

stay low and grow it

my account is much bigger and I am only using a lot

these two I just opened based on my setup

I am using divergence to exit trades as the market is shorting at the moment

technically I could do both but you need market volume to know and even then I advise wait for 2 candels on trend both closed.

[noble crag]

It does work though you just need to add a strategy & bias to it

[rough jungle]

yeah just stick to 0.01/0.02 buddy, always risky increasing lot size too soon. I used to do it when i first started trading and never ended well

as the bigger lot size would end up SL then id be worse off

trading a marathon not a sprint 🙂

[sterile oracle]

use setup approach also

have your R:R based on the trend of a longer time frame

and dont place trades near news

i will allow you to drop to lower time frames with small lot sizes if you need velocity

15 mins for a new trader is normally best or even 1 hour or even 4 if you want saftey.

[dreamy narwhal]

Or have a trade series over a period of time, say series of 20 trades, same strat, same lot size. Then do your analysis, see what needs to be changed, then go again with a series of 20 trades.

[sterile oracle]

longer time frame smaller lot size

also your book will compound

everytime your book doubles, take a look at it again. and adjust

also take a FTMO account as a free one it has a lot size calculator on there.... I am abusing that one...

[heady ginkgo]

Yes maybe I should try 1-1 rr lol.
This is all great advice.

Yes I try to check the daily then the hourly then the 15m and enter on 1m and just can’t get it right. I try to follow the trend but I seem to be entering wrong when I up the lot size. Maybe I stick to small and keep it simple.

Yes I try to avoid new as it messes everything up

[sterile oracle]

keep it very simple

dont over think too much.. or you will not be ablle to trade..

KISS as my dad used to tell me

i dont follow this, i just add huge amounts of information and simpfy it well...

[heady ginkgo]

Thanks all for the advice do appreciate it and the silly questions from a newbie. Hope everyone had a profitable trading day I’ll keep an eye on chat and just try to pick up and learn what I can from it.

[dreamy narwhal]

Don't keep an eye on chat while trading 😄

[strong snow]

Add 200 EMA to your chart. Only go long when it's above 200 EMA, Only go short when it's below 200 EMA. Simple trend following indicator.

[heady ginkgo]

I’ll try that now.

[sterile oracle]

I have this as part of my code it works well also have a RSI at 25*75

[heady ginkgo]

So I’ve been using simple average not exponential…. Ema is better more current?

[sterile oracle]

if you add too many you wont be able to read it

so to actually trade you need to turn things on and off

the little eye thing on the indicator

[strong snow]

Not a big difference, some like SMA some like EMA

[heady ginkgo]

Yes I have rsi set to 20-80 to but I’ve im trying to catch quick trades im struggling with the periods to use for scalping strategies

[strong snow]

In my experience EMA does better job.

[heady ginkgo]

Shorter periods for ema and rsi indicators?

[sterile oracle]

try this have a LTF and a STF that you are trading on.. this way you can see the direction.

so 15m has switched so I can see the market is bulling soon.

I took a short scalp but its now rising based on divergence

so I will use the ocilator to look at an entry

there are 4 hour candles also if you want to do 1 hr.

this is 4 hr on xau..

there are different forms of divergence

this could bear to 5367

2367 before the us open

these are you limits...

see those arrows on a 15.. i cant remember what they are called could be out of pac... they show you your limits.. combine divergence..and lower the time dram

4hr 1 hr

or 1d to 4hr

or even 30m...

i get too bored so am forced to scalp

you can do this all day

[heady ginkgo]

Can you tell me in simple terminology what pac is?

[rough jungle]

Price Action Concepts

https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/introduction

https://youtu.be/WuEaLfeiz20

[heady ginkgo]

Thanks

[worn hatch]

@sterile oracle Bro done with Phase 1 $50K 😅

LUX premium and SB session did my job

[midnight river]

Which prop

[heady ginkgo]

When did you start that challenge? How many you passed now?

[mild osprey]

How do you use your lux premium indicators ?

[true hollow]

FTMO

[worn hatch]

FTMO

[heady ginkgo]

I’m going to do a free trial with ftmo

What account size should I trial 10k?

[worn hatch]

Since 8th of April but it was only $15

WR 91.67% 😉

[heady ginkgo]

So the ftmo only cost you £15 and you have mad how much? 5k?

I’m going to do free trail now on 10k challenge

[true hollow]

bro you've got it wrong. Go to the FTMO website and have a look around

[heady ginkgo]

Yeah I’ve had a look around just going to do the 10k FREE trial

See and get feel how the ftmo operates before committing paying for a challenge.

Like @sterile oracle said it’s reducing risk using prop money account to trade rather than own capital

?

Does seem to let place trades for now on the free trial 10k challenge

[sterile oracle]

be aware the funded traders are paid by those who fail..

thats why i recommend being comfortable first

[heady ginkgo]

Exactly

This is why some of these prop firms go under? Not enough new losers?

It’s all virtual isn’t it like internal orders with these prop firms? Build up the funds from losing challengers?

[sterile oracle]

There are different models but if they dont get enough from clients and are not famous enough... then where does their money come from...?

[inland fog]

up up up...

[sterile oracle]

this made me smile!

brief pull back

2400 is there over today @worn hatch

2374 to 2391

I moved to 2 lots two trades at a time to allow layering..

i can see 2398

will know in about 2 mins to keep going.

the 1 hr guys are still long

4hr..

I am waiting to re-enter.

[split night]

Good morning

Currently watching AUD/USD & DXY

[sterile oracle]

Morning.. I am on XAU as usual...

had a decent bull run this morning..

after a shorting period

I am out..

I will check out the LTF 1hr to see when to drop time time frames to 15 then do another session

@worn hatch I remember you told me last night to do 10 lots...

I am doing 4

but 10 would take round things of steal

even on a 200k account

were you planning on me try to pass the challenge in 3 hours...

the margin would be at like 100%...

even with me going long...

about 2 trades of 2 lots is ok

thar she blows... said the donkey to the sailor / driver in dubai

The following assumptions that have been made:

• At least 20 pip forecast
• The key level and chart pattern were at most 5 candles apart at time of identification
  Direction:
  Identified time : 17-Apr-2024 08:56 UTC
  Breakout price : 164.465 Forecast price : 164.701
  Forecast pips: 24
  Probability: 68.34 %

Pattern: Triangle
Interval : 60 Min

Pattern: Resistance
Interval : 60 Min

fp markets still send me stuff.. .lol

[worn hatch]

Now that I have done with phase 1 FTMO $50k

Will leave phase for next to next week and will start from Peaks $300k phase 1 for now

[sterile oracle]

are the rules on peaks easier>

[worn hatch]

Plus I have $200k ftmo payouts incoming so not tradinf on that account thou

[sterile oracle]

I was kicked this morning

then just kicked by a donkey

not sure how much the pull back will be

[worn hatch]

Remember there is 2% per trade idea apart from 5% DD

[sterile oracle]

0.02*200000= 4k

I am not trading anywhere near there.

i am sitting on 2 lot ones

sometimes with confidence 2 trades within minutes..

thats my 15 and 3

The 3 tells me when to get out of trades quickly

and the 15 I loook for it to show me a path to buy or sell..

then I get bored waiting for 2 bars at least before I go scalping...

I am going 2 dollars each side

TP and SL.

[inland fog]

i hope for kebab

[sterile oracle]

your going to go short soon?

[inland fog]

already ...

[sterile oracle]

its not going long

i am waiting 3 mins

then entering.

[split night]

I just went long on AUD/USD

[sterile oracle]

dont you want to wait for it to cross?

i have a 2389 start..

on short

it still could be bullish

or its sideways and about to challenge again

this will wast margin and money.,

I am just watching for now

[worn hatch]

Yes I did .. #💱forex-chat message

[worn hatch]

I have been trading on 3m / 5m and 15m TF overlooking HTF for trend

[sterile oracle]

2393 I will do a short

[inland fog]

now looking for oil

[worn hatch]

It is already short

[mild osprey]

And how do you enter and exit the market on those timeframes ?

[inland fog]

dinner dinner kebab dinner

[worn hatch]

OB to OB and trendline to trendline with the help of FVG

[sterile oracle]

I entered my short

I could see a slight pull back

look for 2386

and will scalp now

@worn hatch the margin on this behaves differently

4 lots have hit me to 600 percent.

[worn hatch]

Your standard lev is 1.50

[sterile oracle]

all red

1.50

ok one moment

1:50

is the leverage the limit?

[barren prawn]

Which asset are you trading

[worn hatch]

Far enough to trade

[worn hatch]

Gold / XAUUSD

[barren prawn]

Ah ok

[sterile oracle]

Total Ounces Controlled: 4 lots x 100 ounces = 400 ounces.
Total Exposure: 400 ounces x $3,290 per ounce.
Margin Requirement: The total exposure divided by the leverage factor (50).

[barren prawn]

Just squared off this JPY

[sterile oracle]

Ok I have done a scalp and replaced it.. I am looking at equilibriam based on 15 m chart

2381 or 2386

@the kingfisher, what margin level worries you more 600, 1200 or 300?

[inland fog]

NQ rebound today ..

[sterile oracle]

There is no news,

so it will revolve a lot

2390 to 2370 up and down...

@worn hatch ?

[worn hatch]

we are on trendline for now being bullish in the Osci Matrix

screener are all bullish too

wait for UK/US overlap to be traded again

do not overtrade

[sterile oracle]

i will finish this short now

just scalps done

its very sideways now

The lines have crossed the oci

down

on 3 and 15

1hr has turned also...

4hr not conclusive.

and the 4hr traders have the liquidity

half the time the screen is confusing...

[worn hatch]

on the FVG for now in 15m TF

[sterile oracle]

can you remind me where FVG is?

PAC right?

dont short xau for a bit now.

thats a 3m

[inland fog]

just lucky newb...

[sterile oracle]

15 min

2386

possible on 15m

[bold pendant]

@sterile oracle hello

[sterile oracle]

hi

[heady ginkgo]

Are those sell signals pretty accurate?

[sterile oracle]

I did mine

and got out

the trend is in a stats of change

i have been out...

[sterile oracle]

not exactly. they give an indication...

you need to look at time frames

they show multiple signals at once which you must wait about 3 candels complete to be true

they are usable

[heady ginkgo]

Fair value gap.

[north magnet]

Y’all think dxy might retrace to the fvg on the daily?

[heady ginkgo]

Think it’s to do with imbalance I could be wrong

[sterile oracle]

I messed with my charts so much I cant remember wher eit is..

FV is a fair value vs devience from it..

it allows you to see "value for money"

if its away, then the humans have gone made or war or some political thing..

typically under normal conditions using fvg can tell you what the price should be

[heady ginkgo]

Ok

[north magnet]

Cause that’s what my bias is telling me since there no news today

[sterile oracle]

I went online and confirmed that

use the economic news calendar

when you see a full red bar close every trade you have for 15 mins each side.

on the news...

good fx street economic calendar

googl*

[sterile oracle]

DCY is what I pay attention to. but its based on a M95 report from 1997 and destroyed by quant easing

[north magnet]

What’s DCY

[broken river]

@rough jungle @sterile oracle could u tell me how can I find my proper setup if I become premium member of Lux algo??

[rough jungle]

There is a user strategies tab what can give you ideas on strategies and settings other members are using. Can also check out this link
https://youtu.be/jOamxUcNYEg

[sterile oracle]

sorry USDX

[sterile oracle]

sorry usdx

I am now super bored, will trade btc and see what the hell happens,,, its like a monkey with a machine gun

[north magnet]

Ok but what is your daily bias on it tho

[sterile oracle]

one moment

let me pull it up

its look quite topped up

and the fed while positive, are at war

the debt level is really high

33 trn plus

[north magnet]

So bullish or bearish what’s your opinion for today

[sterile oracle]

well its currently bearish

but their market is not open yet

so I would take no meaning from it

also the oci is bushing showing support

this is a 1hr

the 4hr is on a bearish cycle at the moment

1 day is bearish..

so even with lack of news.....

[inland fog]

dinner dinner kebab dinner...

[sterile oracle]

?

[north magnet]

So basically my bearish bias read was the same as yours

[sterile oracle]

i have a CMF as a long on XAU

[sterile oracle]

yes however consider their market is closed.

thats the view from europe

[north magnet]

Well basically fuck gbpusd then two stops triggered lol I’ll go again tomorrow

[sterile oracle]

@inland fog if my right chart crosses down I will do a quick scalp.

[sterile oracle]

GBP had a lot of news today at 6am

and its a hard news day

i would not trade on it now

[north magnet]

Well I did and it fucked me up so not trading till tomorrow that my rule so see y’all later

[inland fog]

i don't see anything all about UK news good / bad i'm so sorry.. don't care

considering only US, EU & China

[sterile oracle]

sorry that was to @north magnet

I only trade XAU

but keep up to date as all countries change gold

[inland fog]

yess .. w4 good for scalp had wide swing high & low ...

[inland fog]

only xau, nq, usoil, btc & Asian stock

[plucky stag]

i am scalping a long atm on gold

from 85

90-91 i guess

[glacial shale]

Why is ur chart so lame

[rough jungle]

because i am lame (:

[glacial shale]

Put more indicators

[inland fog]

good strategies dan & m style ... lol

[inland fog]

i was bon ...

[rough jungle]

Why need to include more indicators if my strategy is working - I like clean 'lame' charts 🙂

[inland fog]

i'm still young boy ..

[sterile oracle]

@plucky stag see my right chart..

the lines just touched..

[glacial shale]

If it works well then that's good

[sterile oracle]

thats the end of the short

@plucky stag I am looking for a divergence

[plucky stag]

sure

[sterile oracle]

Danny gave me his chart and I destroyed it for my purposes

lol

[plucky stag]

it is not the best zone to buy i will scalp

[sterile oracle]

I will wait for divergence in a couple of hours

i need lots of indicators to collide.

I did this this morning..

[rough jungle]

do you approve now?

[sterile oracle]

thats an old oci on there. looks like a version 5x to me

[rough jungle]

i think i can find my direction better now

[glacial shale]

Lovely that's beautiful

[sterile oracle]

most people cant read this unless being kicked like a donkey or a camel regulaly while eating full time kebebs

[echo kiln]

No I did not take this

[glacial shale]

How did that happened?

[sterile oracle]

well, I am not sure... it was a sunday thing

I traded btc and it messed up my mind for a while

[plucky stag]

gold gapped

[sterile oracle]

one sec let me see..

yes the touched

see right

[plucky stag]

1min it did a 10 pip gap

gap closed now

[glacial shale]

It's going down dip

[sterile oracle]

that was RSI based on a 1m

[plucky stag]

flllllllly

lets gooo

[sterile oracle]

i need more divergence

[plucky stag]

GOOOOO

[sterile oracle]

I am attempting to pass a 200k account today.. and I am being forced to be careful

[plucky stag]

yeah no worries

it is new 1 hr candle alot of volatillity ig uess

[glacial shale]

It can do the reversal

[sterile oracle]

i will join in 1 candel on a 1 hour chart if it pans out.

actually my 15 min....

ok I will do a 1 dollar trade

[glacial shale]

1 dollar?😹

[sterile oracle]

yes lol its a tiny scalp

2388

target

4 dollar target which is extreme at this time of day

[glacial shale]

Hahahaha

[sterile oracle]

yeh its on...

[sterile oracle]

2 lots

1:50 leverage

feels too swingy

hmmm

i might adjust

@plucky stag did you go at 2385 on 1m or did you wait for the curve?

this is a V scalp

[glacial shale]

Adjust it

[plucky stag]

85

i did 7 lots

[sterile oracle]

4 candels

that a heavy scalp

[plucky stag]

yeah i just wanna be done with the day

before ny

too tired

[sterile oracle]

ah i see

cool

i stoped that order at 138.. I am going to do the us session but your scalp gave me a feel on XAU..

I will increate lots as it slowly grows

66 cents

well 65

meh one more 2 dollars worth.. meaning 2

2390

[plucky stag]

GG

great trade

[sterile oracle]

and again..

[plucky stag]

i am done btw

gonna have lunch and chill

[sterile oracle]

🙂

[heady ginkgo]

???

[worn hatch]

This one

[worn hatch]

All I am seeing flying down 🤣

[plucky stag]

yeah

that was an hour ago

was a nice pop to the upside

gap got filled and we flew to 90

[icy wraith]

is this possible

[plucky stag]

50 pips scalp was pretty good 85 to 90

i never short gold nowadays

not worth the pain and struggle

[worn hatch]

Today I will start with my peaks $300K and will see

[plucky stag]

when i can just go long

[worn hatch]

just got done this morning with $50K FTMO phase 1

will leave phase 2 after 2 weeks to start

[plucky stag]

nice

[worn hatch]

working on it as we speak .. just scaping and waiting for profits and as I do not spend more time on them

profits made between $4-$7K on each account made in one day and then ignore the account until payout and focus more on new challenges

Motto : have more income streams from all sides + i need to cover up the TFT $200K funded account which cannot be traded anymore so the replacement is peaks $300K

[heady ginkgo]

So I’ve spoke to ppl before about gapping and they shot me down saying it’s just price change I asked if it indicated strength or weakness

Does it?

I thought it did

[worn hatch]

Gaps are basically vols within the candle of the next candle where buyers and seller are fighting with each other within the candle but if it happens on any time the candle will come back to cover it up and back to where it need to go

Focus more on Risk management .. let the market go where it need to go .. focus on your daily target or monthly target and you are all set

[heady ginkgo]

Thanks you are full of brilliant advice very practical and normal advice

[heady ginkgo]

This what I mean big gap on the daily tf

[sterile oracle]

@worn hatch houston I have a problem

I am wondering if you can advise...

[worn hatch]

83-81 and it is a buy trade

[sterile oracle]

i am trapped in a bearish cycle

ok

then I will sell and buy all at once..

[worn hatch]

we are above the equilibrium

[sterile oracle]

I put 3 sales to protect my buys

1 has been taken

so

2 on 2

I will remove the sell when almost break even to allow the buy to take over and recover and add one more o

n

second sell remove

back to buy positions

protecting margin

ok I think i am just on a long buy

[worn hatch]

Keep Sell on BE+ while you taking buy

Do not remove them incase the trend moved different

[sterile oracle]

good tip

[worn hatch]

you would be safe on the sell trade to remove buy trade

[broken river]

I would be looking at buy opportunities near 2370-2374 in gold @sterile oracle @worn hatch is it good

If you see it's stuck between two ranges from 2372-2397

[sterile oracle]

its looking like this..

its shortin

[worn hatch]

I am not trading today after passing FTMO .. but let me see the chart for you

[echo kiln]

what is this masterpiece?

OH MY

[sterile oracle]

wow my

EA saved me!

[worn hatch]

between 72-70 is a good buying range near the OB support

[broken river]

Yaa would be looking to buy near that range if any bullish confirmation comes

[rough jungle]

would you like a chart link to copy? helps with bias

[lilac imp]

@worn hatch what time frame do you use?

[worn hatch]

3m / 5m & 15m TF

[sterile oracle]

@worn hatch do you only use shorts when in trouble or all the time? to protect margin?

[worn hatch]

I keep switching TF when analyzing @lilac imp

[sterile oracle]

here is clearly in a buy cycle

short to breakeven

and long for example

[worn hatch]

I layer them but I will never enter like you doo . my exit would be when you would enter 🤣

[sterile oracle]

my entry point was off

[lilac imp]

@worn hatch I have the prem sub for about 2 weeks now and haven't really been successful

[worn hatch]

See it all depends on you look at the chart and what strategy you try to implement it

Can you share in here your chart screenshot please

so I can also read what you read 🙂

[sterile oracle]

i just got some thing

[lilac imp]

@worn hatch i am actually using the link you shared a while ago

[sterile oracle]

if go long, set a limited order for a short at the entry point of long.. if right going long close both orders, if wrong watch the long and close before..

@worn hatch thoughts?

[worn hatch]

Already had inform that we are on the trendline #💱forex-chat message

[sterile oracle]

83-82

long

right/>

[echo kiln]

ok

ill title it Holy Grail

and pin it

[sterile oracle]

paranoid trading....

[rough jungle]

HAHAHA

[worn hatch]

Hope you enjoying the profits

[rough jungle]

milking gold today eh. Lots of kebabs for you

[sterile oracle]

yes but painful

i had a trade that made me money when try to not fail

[sterile oracle]

Thank you very much! just one sentence from you modifies my madness

i am aiming at 2390 at the moment

I cant get enough margin to trade faster

or even layer easiily

[split night]

finally got a breakout on AUD/USD

been waiting hours lol

[inland fog]

donw and up... up and down

[sterile oracle]

like this..

[sterile oracle]

am out for a bit the ocilator is looking negative

so close the open trades

https://tenor.com/view/uncle-scrooge-mcduck-money-rich-gif-14161225

@worn hatch you?>

[worn hatch]

https://tenor.com/view/tony-hadley-spandau-ballet-gold-gif-24119798

[worn hatch]

90 heading your way ... kiss and drop a little .. Bearish FVG on 15m TF at 90

[sterile oracle]

i will go for 2389

at the moment I am waiting for the aci to change

[worn hatch]

25 pips pips away to your TP

[sterile oracle]

I just entered

on 4 lots

[worn hatch]

15 pips to 90

[sterile oracle]

after 90... I will wait longer as US market about to open right?

[worn hatch]

Bullish Vols and confirmation on Osci too

plus trendline breakout and retest too

[sterile oracle]

2400?

eventually...

[worn hatch]

set be+ to 10 pips which is $400 for 4 lot if you cross more than 20 pips

[sterile oracle]

did a tp.. had this...

shows me it going to drop or stagnate

next candel >2388 i enter

[tired maple]

Hello

[worn hatch]

Hello

[sterile oracle]

hello

are we singing?

[worn hatch]

Yeah

https://tenor.com/view/three-stooges-hello-telephone-gif-22486894

[sterile oracle]

90 hit!!!

[tired maple]

How can l get the luxalgo smc indicator for PC

[worn hatch]

As said earlier 😉

enjoy your profits

[worn hatch]

Search on trading view .. it free in there

[tired maple]

Okay thanks, is there an link for the drive with them

l need one for mt5

[worn hatch]

https://app.luxalgo.com/library/

[worn hatch]

Everything is available in the website

[echo kiln]

Who can stop gold?

[tired maple]

Thanks bro

[sterile oracle]

its currently take a break

[inland fog]

come on US ...

[echo kiln]

Something about the minor pairs that I like.....

[heady ginkgo]

Buys on? Us session woken up a bit

[worn hatch]

Bearish divergence on 30m TF

let wait for the the candle close

[heady ginkgo]

Sorry so that means? About to drop?

20 minutes into ftmo free trial challenge paper trading demo account

[inland fog]

already bellow 2382

[heady ginkgo]

Vs 8 hours real money account uhhhh

[heady ginkgo]

Nice set up for this earlier?

[worn hatch]

if we are heading upwards then it near 2411-2415

[inland fog]

yeahh .. just lucky newb trader ..

[sterile oracle]

the pull backs are huge

[worn hatch]

SB session for now 10-11 am EST

[sterile oracle]

its like a camel being kicked by 60 donkeys

I am waiting

this will be too live

[sterile sage]

Hello

[worn hatch]

Hello

[sterile sage]

What's up guys

[inland fog]

oil now

[sterile oracle]

hey question if you dont mind, my daily losses went up part of the day then back to profit.... they say I am in breach@kingfisher

is there a rule I should pay attention to..

they are saying I breached the daily loss limit

but I have proof I dnot and even the account says so.....

[echo kiln]

Hi again

[heady ginkgo]

1 hour in

[sterile oracle]

@worn hatch

[heady ginkgo]

1 hour in

[worn hatch]

How much was your daily loss ?

[worn hatch]

2% per trade idea .. meaning you cannot risk more than 2% on the same pair

[sterile sage]

But I know how to trade

[inland fog]

hi...

[worn hatch]

Who did you speak too ?

[worn hatch]

What account size is it ? Screenshot your dashboard

[true hollow]

it is enough if you have unrealized losses that exceed the limit.

[echo kiln]

Hey hey

[worn hatch]

Thatz Rapid Challenge

@sterile oracle did you take Rapid $200k or $25k?

[sterile sage]

I'm just confused about you guys

[worn hatch]

Shoot your confusion

[true hollow]

#💱forex-chat message

[rough jungle]

it uses equity and balance, if you have 5% max drawdown. Say you go into 4k drawdown then close your trade at +1k. Your drawdown for the day is still -3k as your drawdown equity peaked at -4k + 1k profit

[sterile sage]

What do you mean

[worn hatch]

Remember you cannot withdraw full 90% .. you would need to keep a buffer in the account.. but you try to remove all .. your account would breach

Standard account is much better

[true hollow]

That's why I said that FTMO has better conditions, at least for the Rapid Challange

[worn hatch]

You said you confused.. confused in what ways ?

[worn hatch]

They have rapid challenge ?

I thought they have one standard package but can choose between normal and swing

[sterile sage]

Never mind

[junior vigil]

How about the new indicator ( Fvg positioning average ) did someone know the settings for 5 TF ?

[sterile oracle]

can I pm it

[true hollow]

Yes, it is only a little cheaper, otherwise much worse in all aspects

[sterile oracle]

it has my private info on there

[worn hatch]

Sure

[sterile oracle]

k one moment

just sent you a ping

..

[worn hatch]

Done

[heady ginkgo]

90 minutes in 10k challenge

[minor venture]

Lol 😂 why do you need any indicator when you have hiekin ashi

[inland fog]

problem ?

[blissful leaf]

STREAM is on now! https://discord.com/channels/641770286638694402/1178430832151638077

[sterile oracle]

strong

read the terms and condistions of the trial

there are some youtube videos of commons mistakes

[sterile oracle]

in defence of XAU a candle tells you nothing as humans and politics are involved

[heady ginkgo]

Another £13 2 hours in £73 of 500. Target day 1

Is there a difference between the red choch and green choch for example green choch bullish change of structure?

Solid line is more of a choch than a dotted line?