#💱forex-chat | LuxAlgo | Page 144

strange gulch May 7, 2024, 10:20 AM

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on that trade

sterile oracle May 7, 2024, 10:20 AM

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i am thinking while its ranging you might get that

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4hr

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but its directly in the wrong direction

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so this will require luck

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best thing I can say is defend the position and be prepared to kill it and pay for the loss for scalping in the direction of the market

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its ranging you have a chance

strange gulch May 7, 2024, 10:22 AM

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that's good

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i have a quick question

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@sterile oracle

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my entry is

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2319

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and exit is 2310

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how much pips

glass solar May 7, 2024, 10:24 AM

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90

sterile oracle May 7, 2024, 10:27 AM

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strange gulch that's good

have you check outs the pip calculator

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i dont need to use it as I look at it in ounces and dollars

strange gulch May 7, 2024, 10:28 AM

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let me see

sterile oracle May 7, 2024, 10:28 AM

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glass solar 90

2 lots btw

glass solar May 7, 2024, 10:29 AM

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how much u got

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1800$?

open wigeon May 7, 2024, 10:30 AM

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yall missing out on audusd

sterile oracle May 7, 2024, 10:39 AM

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glass solar how much u got

my contracts are long at 500x

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so 500 times 1800

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when they are true

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in profit i will take 2 dollars at a time

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and keep entering while watching the market price direction

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i have to wait for pull backs to do this and layer

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its my style and I cannot recommend it unless you can read candels

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do you remember those russian dolls... once doll is inside another etc.... well this is my approach .. a LTF has many STF inside it... so you have to look at the mother..

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cannot work our how to put this in animal terms...

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I must reflect

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lol

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do the younger generation on here know russian dolls? they are like candles

split night May 7, 2024, 10:43 AM

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I know russian dolls

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they have one inside another smaller each time

sterile oracle May 7, 2024, 10:44 AM

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so now you will understand how I view time

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1 hr has 15m x dolls inside

split night May 7, 2024, 10:44 AM

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yes lol

sterile oracle May 7, 2024, 10:44 AM

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a 15 has 3 5m dolls

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this is how to view time

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if you need to scalp in the right direction

split night May 7, 2024, 10:44 AM

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yeah it is a good way to explain candlestick timeframes

sterile oracle May 7, 2024, 10:44 AM

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yes

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then you need to think on the wicks and formations

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because each candel should tend

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trend

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so either one above or one below

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then you need several

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so see a pattern

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never act on one candel

split night May 7, 2024, 10:45 AM

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yeah i dont

sterile oracle May 7, 2024, 10:45 AM

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the camel told me this while the donkey was kicking me

split night May 7, 2024, 10:45 AM

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it is easy to go wrong way

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i wait for 3 or 4

sterile oracle May 7, 2024, 10:46 AM

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even lux has a lag

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so you have to use it carefully

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start LTF

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and go backwards

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before even doing this have all knowledge of news

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then dont beleive the new

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news

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go to reuters

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then work out when this happend before in the last 3 generations of people

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and see

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you will increase your accuracy rate

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however even if you are right you have to be patient.

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my best words of the morning GMT

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if the economic calendar interupts... have some tea of coffee and watch.

split night May 7, 2024, 10:48 AM

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sterile oracle then work out when this happend before in the last 3 generations of people

what you mean like particular events?

sterile oracle May 7, 2024, 10:48 AM

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well

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i am writing on context of XAUUSD

split night May 7, 2024, 10:48 AM

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oh

sterile oracle May 7, 2024, 10:48 AM

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those that stay profitable will be aware of whats happening

split night May 7, 2024, 10:48 AM

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i don't trade gold yet

sterile oracle May 7, 2024, 10:48 AM

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because the price is moving because people are making decisions based on feelings mostly

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which is myopic

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so before you enter a trade, look at the politics ... which is basically people talkng until an agreement is made

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people are also like lizards without frontal lobes of the brain for higher thinking

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fear or flight.

split night May 7, 2024, 10:51 AM

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Yeah i understand

sterile oracle May 7, 2024, 10:51 AM

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at this point... if people are concerned that wrong decisions are being made by their peer they will go to gold. If they have confidence they will invest in other things. This is how people are conditions for more than 3000 years. Even during 1990 I saw women crossing with gold in their clothes during the warn

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war

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the more chaos you have the more gold is bought

split night May 7, 2024, 10:52 AM

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it is funny because if chaos gets too much even gold becomes worthless

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then it becomes about water and food

sterile oracle May 7, 2024, 10:52 AM

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China for example are about to buy gold as they will announce their invasion of Taiwan. Nato will have a proxy war which will panic their people

split night May 7, 2024, 10:53 AM

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I don't think china will invade taiwan just yet

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maybe 2040-2050

sterile oracle May 7, 2024, 10:53 AM

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split night it is funny because if chaos gets too much even gold becomes worthless

I cannot say..

split night May 7, 2024, 10:53 AM

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sterile oracle I cannot say..

If i have gold but need food, you can have my gold lol i want your food

sterile oracle May 7, 2024, 10:53 AM

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on Xau there has been too much chaos many times.. but it recovers.

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Nixon caused this and the M95 report was never updated... and now we have liquidity as a balance between producing and consuming economies.

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if you have a sharp knife and have a gold bar (24k or close is very soft). take a weighing scale pop a bit on and demand their currency or food or house.. and they will tak it.. no a market stall but a bank will.

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goverments may want to know where the gold came from but then use some gold to employ expertise around you.

sterile oracle May 7, 2024, 11:34 AM

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longest xau trade I have done....

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its hard work.. but here we go

strange gulch May 7, 2024, 11:44 AM

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sterile oracle longest xau trade I have done....

how

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you said you go long

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market have no move

slow sorrel May 7, 2024, 11:56 AM

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x

candid wharf May 7, 2024, 12:00 PM

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Hello guys, tell me where can I trade Forex indices? I'm new and I only have Binance at the moment!

sterile oracle May 7, 2024, 12:04 PM

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strange gulch how

take a look...

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its a swing

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but the cross over based on news I have will turn this upside down,. just wait and protect margin... defend on this cycle

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now watch....

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the current liquidity due at US open has not entered

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do not be deceived

echo kiln May 7, 2024, 12:18 PM

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candid wharf Hello guys, tell me where can I trade Forex indices? I'm new and I only have Bin...

Depends on where you live. I use Oanada and Forex.com, both are integrated into TV

sterile oracle May 7, 2024, 12:25 PM

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same here

echo kiln May 7, 2024, 12:34 PM

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WHo's got gold?

sterile oracle May 7, 2024, 12:34 PM

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on long?

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you know my donkey has

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he is trying to walk up a hill @echo kiln

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watch @echo kiln use the eye emoji thing

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ah you did it

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cool

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this is double donkey....

echo kiln May 7, 2024, 12:37 PM

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hahahahaha

sterile oracle May 7, 2024, 12:37 PM

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but i may have to defend

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this market has less news

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but Euro has caused some chaos

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I remember this from the 90's a word ==== Boyackahsi.. seeme positive at the time

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my camel has told me to wait and my donkey is going to 2329 before it sits but there are 2... so I will re-evaluate

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when the time comes at at lose time ok 15.3

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15.30

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https://tenor.com/view/donkey-playing-with-ball-having-fun-playful-ball-gif-14583968

Tenor

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https://tenor.com/view/jacobsridge-steve-stevemcqueen-donkey-laugh-gif-15995982838691571932

Tenor

echo kiln May 7, 2024, 12:48 PM

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PMI News in 1hr for CAD pairs

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thinking

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So watch your CAD and oil symbols

sterile oracle May 7, 2024, 12:48 PM

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watermello

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this will be tough trading conditions for the donkeys

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i will work out if to defend

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no more need of defence. I am having a nap

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come along my donkey or you wont reach the carror

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this could be interesting...

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https://tenor.com/view/horse-kick-back-funny-gif-16944987

Tenor

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I have given the camel her own milk... and I am making a camel

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as I have killed it

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this is an inverse of DXY by the way

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the DXY has a problem...

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it was hit

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warning system... no long

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kill the scalps wait

strong snow May 7, 2024, 1:23 PM

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sterile oracle May 7, 2024, 1:48 PM

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why are the americans so chaotic in this? is it a bunch of arguments and shouting then they agree?

echo kiln May 7, 2024, 1:48 PM

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sterile oracle why are the americans so chaotic in this? is it a bunch of arguments and shoutin...

We are some kind of special

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thinking

sterile oracle May 7, 2024, 1:50 PM

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they have not even worked out that Gold is going up..

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and they are arguing.. its like a soap opera

echo kiln May 7, 2024, 1:50 PM

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Gold just hanging around here

sterile oracle May 7, 2024, 1:50 PM

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its going up

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in my eyes

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but ranging before moving

echo kiln May 7, 2024, 1:51 PM

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sterile oracle and they are arguing.. its like a soap opera

Then turn off the TV, turn the channel 3LON

sterile oracle May 7, 2024, 1:51 PM

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But then I would have to walk around with a straw hat on chasing animals

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?

echo kiln May 7, 2024, 1:52 PM

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you love animals, so start chasing

sterile oracle May 7, 2024, 1:52 PM

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i am too slow

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lol

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and they attack me

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2332

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@echo kiln where is my eyes?

echo kiln May 7, 2024, 2:09 PM

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sterile oracle <@881016788702330900> where is my eyes?

eyes_shaking

sterile oracle May 7, 2024, 2:09 PM

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https://tenor.com/view/donkey-smile-shrek-disney-cute-gif-17388059

Tenor

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many thanks lol

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watch the golden kebabs

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its doing a babe ruth. Almost so talented he could be trained in to a cricket player lol

echo kiln May 7, 2024, 2:13 PM

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Im not sure how everyone reads and understands your analysis
LOLLLLLLLLLLL
You need to provide a guide

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Because, I have no clue

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3LON

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stickman_dance

sterile oracle May 7, 2024, 2:14 PM

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yes but we both know you do as my code matches lux

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in terms of signal and display

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Its a little hard to explain

echo kiln May 7, 2024, 2:18 PM

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sterile oracle yes but we both know you do as my code matches lux

easy now.....hold your horses, HAHAHA

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🐴

sterile oracle May 7, 2024, 2:23 PM

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horses...

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you have seem them...

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?

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lol

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I have donkeys

neon ore May 7, 2024, 2:24 PM

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echo kiln easy now.....hold your horses, HAHAHA

Hey
M5 gold

neon ore May 7, 2024, 2:25 PM

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sterile oracle horses...

Selling?

sterile oracle May 7, 2024, 2:29 PM

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no

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i am on longs

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not yet

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only donkeys

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its a slow climb of the mountain

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on a 15m chart a donley has been hit by a melon... long it is after the pull back

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donkey

broken river May 7, 2024, 3:25 PM

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@sterile oracle I'll be taking membership soon can u pls provide me with ur indicator code.
I'll be thankful to u 🙏🙏

sterile oracle May 7, 2024, 3:30 PM

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are you with lux?

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they are excellent

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and have all the tools

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I am only a member

candid wharf May 7, 2024, 4:00 PM

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echo kiln Depends on where you live. I use Oanada and Forex.com, both are integrated into ...

Thank you 🙏

sterile oracle May 7, 2024, 4:13 PM

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neon ore Selling?

stay long...

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withstand the pressure

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the is where many are scalping without seeing the long time frame

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a lot of trading is part of the mind. Patience is everything

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your book as long as you defend it will stay alive and also as long you you can work out how long to wait.

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this is something that the best traders know that I have learned from this very forum on.

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also follow the market

strange gulch May 7, 2024, 4:21 PM

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2 last trades of the day

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day was good

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good night guys

sterile oracle May 7, 2024, 4:27 PM

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great trading

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good night

strange gulch May 7, 2024, 4:27 PM

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any disccusion?

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on market

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for tommorow

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@sterile oracle

sterile oracle May 7, 2024, 4:28 PM

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lets see how it goes

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over night

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need to think

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its bullish with a large pull back

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but the pacific side will be moving the market soon.

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and they have large liqudity

strange gulch May 7, 2024, 4:30 PM

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yes

sterile oracle May 7, 2024, 4:30 PM

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I cannot advise

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lets watch

strange gulch May 7, 2024, 4:30 PM

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we are just disccusing

sterile oracle May 7, 2024, 4:31 PM

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yes... I dont have a gut feeling and cannot see news to all me to share thoughts

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at the moment based on timeframes, its still donkeyish

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but..

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this could change...

strange gulch May 7, 2024, 4:31 PM

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sterile oracle at the moment based on timeframes, its still donkeyish

yes

sterile oracle May 7, 2024, 4:31 PM

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LTF 4 HR

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1HR

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but the movement is rather slow.

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meaning if you were to take a trade it would take a long time

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perherps wait and since you are in indian scalp the Asian consolidation market at 1.5 doller trades if thats your style

strange gulch May 7, 2024, 4:32 PM

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camel are working great

sterile oracle May 7, 2024, 4:33 PM

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the kick me all the time

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and the donkeys lol

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and the watermelons hit me on my head

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this results in me forgetting a lot

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I am pleased you traded really well. Buy some kebabs!

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lol

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well at your time where you are....

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go to bed

strange gulch May 7, 2024, 4:34 PM

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ok

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bye

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my friend

sterile oracle May 7, 2024, 4:34 PM

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close your trades before sleep

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so you can sleep peacfully and wak up with energy

strange gulch May 7, 2024, 4:35 PM

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alredy closed

sterile oracle May 7, 2024, 4:35 PM

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good

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now eat and sleep.

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your done its like 1am with you.

strange gulch May 7, 2024, 4:35 PM

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sterile oracle now eat and sleep.

already eat

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aam

sterile oracle May 7, 2024, 4:35 PM

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I will cook soon

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and see my daughters and wife

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I am about complete

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just waiting for my forecast to be true

strange gulch May 7, 2024, 4:36 PM

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🥭

sterile oracle May 7, 2024, 4:36 PM

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lol

strange gulch May 7, 2024, 4:36 PM

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season of mangos

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eat mangos

sterile oracle May 7, 2024, 4:36 PM

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i can eat 5 mangos

strange gulch May 7, 2024, 4:36 PM

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and go to sleep

neon ore May 7, 2024, 4:36 PM

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sterile oracle stay long...

sterile oracle May 7, 2024, 4:36 PM

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good night speak tomorrow

sterile oracle May 7, 2024, 4:37 PM

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neon ore

patience.

neon ore May 7, 2024, 4:38 PM

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For buys

sterile oracle May 7, 2024, 5:09 PM

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we will see

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I am watching a 4hr candel pattern unfole

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unfold

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i cannot answer unless the next 2 hour patters inside it show me

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most of the scalpers are shorting

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I just defending using camels

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I use hedging a lot to defend when my trade entry was not perfect.. However its solid on a long term time frame. If required with out ego I will kill the trade or try to service the negatice trade with many scalps

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this principle is not used by many

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but it ensures you protect.

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without emotion.

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as the 15m chart start to recover in my eyes, I will watch

dawn sierra May 7, 2024, 5:15 PM

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https://tenor.com/view/alaynakitty-gif-26303579

Tenor

sterile oracle May 7, 2024, 5:15 PM

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maybe not like that lol

dawn sierra May 7, 2024, 5:15 PM

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haha

sterile oracle May 7, 2024, 5:16 PM

#

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its a double water melon scenario

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on 3 m

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this means you cannot move or it could hit your head

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but I can see a V sign in there

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so..... I wait

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The melon is telling me to stay long during this turbulent period

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I have remembered I am hungry

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2332 remains

dawn sierra May 7, 2024, 5:20 PM

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sterile oracle May 7, 2024, 5:21 PM

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https://tenor.com/view/the-replacements-prince-cinnamon-boots-mule-carrot-eating-gif-24616836

Tenor

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to all those that went camel i hope you got out

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with profit as a contrarian trade

echo kiln May 7, 2024, 5:25 PM

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For, the daily on Gold give me more clarity
So I would need to see a good measured pullback for any potential short positions

sterile oracle May 7, 2024, 5:31 PM

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This is decent analysis

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but...

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it has to consolodate over night.

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examine your wicks

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there us a for hour period before your analysis can become true

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I simply wold use short positions to defend now

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and wait for donkey / bull etc to come

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i see this on a 4h

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i am looking in the wicks in detail

echo kiln May 7, 2024, 5:33 PM

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Ill be waiting for the ostrich and the alligator on this set-up

sterile oracle May 7, 2024, 5:34 PM

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i was trading ... no time to code lol

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that picture could be an ostrich

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those wicks have me thinking of donkeys and thats a 4 Hr

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the 1 day is very Donkeyish

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this is why i am defending my donkey positions

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There is little news

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so the 1D will drive the 4HR

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back to normality

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and this will allow donkey scalping

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forgive my linguistics...

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🙂

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@echo kiln I can code for this scenario i think. its like a grey area

echo kiln May 7, 2024, 5:38 PM

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sterile oracle <@881016788702330900> I can code for this scenario i think. its like a grey area

Thats the alligator path i mentioned

sterile oracle May 7, 2024, 5:39 PM

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has lux done this or should I code it?

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there is no promt to action based on lux

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let me think on this

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it does not look that difficult as I could seeing happening before it showed me

echo kiln May 7, 2024, 5:42 PM

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sterile oracle has lux done this or should I code it?

the shade?

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show me the entire chart and let me see

sterile oracle May 7, 2024, 5:42 PM

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Jaw (Blue line): This is a 13-period SMA, moved 8 bars into the future.

Teeth (Red line): This is an 8-period SMA, moved 5 bars into the future.

Lips (Green line): This is a 5-period SMA, moved 3 bars into the future.

When the three lines are entwined, it suggests the Alligator is sleeping, meaning there's no clear trend in the market. However, when the lines are diverging, it indicates the Alligator is eating and thus suggests a trend. Specifically:

Upward trend: Lips (green) above Teeth (red) above Jaw (blue).

Downward trend: Jaw (blue) above Teeth (red) above Lips (green).

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this right?

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this code exists

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i am certain I read it

echo kiln May 7, 2024, 5:43 PM

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ah, MA crosses, a ton of variations on TV and Lux has a few interpretations of MA's in the library

sterile oracle May 7, 2024, 5:43 PM

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lol I will apply it

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it will make my chart a little more busy

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i feel like i am turning on and off indicators to view the market

echo kiln May 7, 2024, 5:49 PM

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sterile oracle i feel like i am turning on and off indicators to view the market

too much, you dont need all the fluff

sterile oracle May 7, 2024, 5:49 PM

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yess

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trying to keep it simple

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I was thinkting that tradingview should upgrade themselve to only show most important indicators

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and turn others off

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as some form of master setting

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so you can see what you need to see

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simplicity

echo kiln May 7, 2024, 5:52 PM

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its called, turn the ones off that you dont want
Simple

sterile oracle May 7, 2024, 5:52 PM

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yes it could simpler...

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they have code that does it for you

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a ranking system

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given the pair and market an activation of a certin model

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certain

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thats what I would propose

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This is not that impossible

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@azure lake there is a possibility to rank lux code in terms of velocity of activation. Which would influence certain trade decisions. Posited idea.

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I hope you dont mind

echo kiln May 7, 2024, 5:55 PM

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sterile oracle <@225316751410331649> there is a possibility to rank lux code in terms of veloci...

Very subjective here.

sterile oracle May 7, 2024, 5:55 PM

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yes hence the word posited idea

echo kiln May 7, 2024, 5:56 PM

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Basically, you would use the indicators that are important to you and dont use the ones that are not.
No need to place 30 indicators on your chart, when you are just going to enable 2 of them.
Have different templates or layouts is another way.

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Just an idea

sterile oracle May 7, 2024, 5:57 PM

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that would be good if it can be automated.

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you would need something auto matic to help

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sometimes you need only 3 indicators

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I saw something yesterday

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that lux could benefit from watching

echo kiln May 7, 2024, 5:58 PM

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No need to strain the charts resources, just add the indicators you want on your chart.
Just my opinion.
What you may be requesting is a chart with a library of indicators that you will only use a few in reality.

sterile oracle May 7, 2024, 6:01 PM

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yes

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with a view to simplicity

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remember I am an XAU trader

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but many here trade many pairs.

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it means that different indicators are more important to others...

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the expanded thought process is that an algorithm is written on market velocity and pattern

echo kiln May 7, 2024, 6:02 PM

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sterile oracle it means that different indicators are more important to others...

create different layouts/templates for each pair

sterile oracle May 7, 2024, 6:02 PM

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indeed

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then make a product set

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first start with the most popular.

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then

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expand

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target a mind set of the member

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are they swing or scalp

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beginner or experienced

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then think of time

echo kiln May 7, 2024, 6:03 PM

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Ill taregt my own charts instead

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Chicken_Heads

sterile oracle May 7, 2024, 6:04 PM

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https://tenor.com/view/boer-landbouw-dansen-man-gif-15705644917580488304

Tenor

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hey it was just an idea but thanks for reading my suggestions instead. Always a pleasure and you are a great trader and teacher.

echo kiln May 7, 2024, 6:05 PM

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sterile oracle hey it was just an idea but thanks for reading my suggestions instead. Always a ...

keep it simple

echo kiln May 7, 2024, 6:07 PM

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sterile oracle https://tenor.com/view/boer-landbouw-dansen-man-gif-15705644917580488304

All ideas are great.
Post them here in a concise and detailed format #🔍feature-requests and the team will review for feasability and/or consideration.

echo kiln May 7, 2024, 7:15 PM

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Interesting how the 4H gold is creating micro bullish structures with higher highs and higher lows here

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🤔

limber path May 7, 2024, 7:31 PM

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echo kiln Interesting how the 4H gold is creating micro bullish structures with higher hig...

For Gold, what are the best timeframe and settings on Signals indicators? I want to learn from your experience.

echo kiln May 7, 2024, 7:34 PM

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limber path For Gold, what are the best timeframe and settings on Signals indicators? I want...

For me, I use the 4H and daily timeframe for all of my analysis for swing and scalp trades

patent valley May 7, 2024, 7:35 PM

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Not much action today, basically break even 😂

echo kiln May 7, 2024, 7:39 PM

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patent valley Not much action today, basically break even 😂

Same with me. Took one shot and that’s it. Made 2 ticks

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LOL

sterile oracle May 7, 2024, 7:45 PM

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China's recent surge in gold buying, which has been sustained for over a year, is influenced by a mix of economic strategies and geopolitical factors. The People's Bank of China (PBoC) has been steadily increasing its gold reserves, highlighting a strategic move to diversify away from the US dollar amidst global economic fluctuations and the rising tensions in international relations. This move is seen as part of a broader trend among BRICS nations (Brazil, Russia, India, China, and South Africa) to hedge against potential economic sanctions and currency risks associated with heavy reliance on the US dollar.

Additionally, the Chinese domestic market has shown a strong inclination towards gold investment, driven by the local economic downturn, especially in real estate and stocks, which has reinforced gold's status as a safe-haven asset. This trend is evidenced by significant activities on the Shanghai Gold Exchange, where gold withdrawals have been at record levels, indicating robust consumer demand.

This national and consumer-level enthusiasm for gold in China is likely to continue influencing the global gold market, supporting higher price levels as both the central bank and private citizens accumulate gold reserves (Kitco) (DW) (Kitco).

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Economic Data Impact: Recent U.S. economic data has been positive, particularly in terms of unemployment claims which were lower than expected. This positive economic outlook tends to decrease demand for gold as a safe haven. Additionally, the OECD's raised forecast for global economic growth this year contributes to a less favorable environment for gold as investors turn to riskier assets (TradingView).

Interest Rate Expectations: The expectations around U.S. interest rates remaining high also apply downward pressure on gold prices. High interest rates increase the opportunity cost of holding non-yielding assets like gold, making it less attractive compared to yield-bearing investments (TradingView).

Market Sentiment and Technical Analysis: Technical indicators and market sentiment are currently showing a bearish trend for gold, suggesting that prices might continue to decline in the near term unless significant economic or geopolitical shifts occur (DailyFX).

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Given these factors, the current outlook for gold prices leans more towards bearish, implying that prices might not rise significantly unless there are major changes in economic indicators, monetary policies, or geopolitical tensions. To keep track of potential shifts that might affect gold prices, it would be beneficial to monitor economic news, central bank announcements, and global geopolitical developments.

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This my fellows as what I have read

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my camel has said this

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https://tenor.com/view/humpday-camel-hump-day-happy-gif-13605517

Tenor

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Market Sentiment: The sentiment around gold is currently mixed, with a bearish inclination due to strong economic indicators from the US, such as positive unemployment data, which typically lessen gold's appeal as a safe haven. However, persistent buying by China, seen as a move to de-dollarize their reserves, provides a bullish counterbalance (TradingView) (Investing.com UK).

Chinese Demand: With China continuing to buy significant amounts of gold, and given the strategic diversification away from the US dollar by the People's Bank of China (PBoC), there is a sustained upward pressure on gold prices. This could be an important factor if the trend of increased purchases continues, as it might signal a more prolonged bullish phase for gold (Kitco) (DW) (Kitco).

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Technical Analysis: If the technical indicators suggest that gold prices are currently undervalued or if there is a strong support level that has historically triggered price increases, this might be a good opportunity to leverage a bullish position.

Economic Indicators and Global Events: Keep an eye on any upcoming economic reports or global events that could influence market sentiment. Positive economic data typically drives investors towards riskier assets, reducing the appeal of gold. Conversely, any negative shifts could increase gold's attractiveness as a safe haven.

Portfolio Diversification and Risk Management: Since gold is often used as a hedge against market volatility, ensure that your investment in gold aligns with your overall portfolio diversification and risk management strategies. It’s important not to be overly exposed to a single asset class.

Long-term Perspective: If your investment strategy is long-term, the current fluctuations might be less significant compared to the general upward trend influenced by major buyers like China.

Stay Informed: Continue monitoring the market closely. The dynamics around gold can change rapidly based on geopolitical tensions, economic data releases, and changes in market sentiment.

Given these points, if you are bullish on gold, you might consider maintaining your position while staying alert to any new developments that could impact market conditions. However, it's crucial to also consider risk management strategies to protect against potential downturns.

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my animals are kicking me again

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good night guys

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time to cook

echo kiln May 7, 2024, 7:59 PM

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🧐

sterile oracle May 7, 2024, 8:00 PM

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https://tenor.com/view/fighting-match-quarrel-brawl-battle-gif-15965644

Tenor

patent valley May 7, 2024, 8:08 PM

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I had som trade went down before noon and up in the afternoon. Now it looks like I’m heading down again 😂

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Super borning price action. Where is powel when you need him

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https://tenor.com/view/powell-printer-ai-powell-money-printer-powell-money-flying-powell-money-flying-ai-gif-10861170529102468601

Tenor

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Thank god CPI next week 😂

echo kiln May 7, 2024, 8:12 PM

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patent valley Thank god CPI next week 😂

Get some rest this week.....extra naps

patent valley May 7, 2024, 8:13 PM

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Haha, I know right. If the market don’t move I don’t move 😂

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I though jpy was going to give some action, but even that seems far fetched

daring schooner May 7, 2024, 9:36 PM

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It's not just China. A company called Costco in here has been selling 200 million dollars worth of gold bars a month here in the states and that's just with their limited paid memberships.

sterile oracle May 7, 2024, 9:59 PM

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daring schooner It's not just China. A company called Costco in here has been selling 200 milli...

which article did you see?

daring schooner May 8, 2024, 12:20 AM

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sterile oracle which article did you see?

https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html

CNBC

Costco selling as much as $200 million in gold bars monthly, Wells ...

Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.

sly escarp May 8, 2024, 1:44 AM

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So your saying buy/sell good rn thinking 🤑

sly escarp May 8, 2024, 2:21 AM

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Should it be a top earners channel?

sterile oracle May 8, 2024, 2:59 AM

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patent valley I had som trade went down before noon and up in the afternoon. Now it looks like...

Never mention the P word to me... his words are dangerous. I would rather him broadcast with once sentence a day. This way nothing dramatic happens

strange gulch May 8, 2024, 3:22 AM

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morning

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everyone

sterile oracle May 8, 2024, 3:24 AM

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Good Morning

tacit oracle May 8, 2024, 3:25 AM

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Morning everyone 👍🏼

strange gulch May 8, 2024, 3:25 AM

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sterile oracle Good Morning

you don't sleep?

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@echo kiln

sterile oracle May 8, 2024, 4:12 AM

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strange gulch you don't sleep?

I sleep differently. I typically take about 4 hours some times 6 hours.. however, I will take naps at certain times for about 14 minutes If I feel a little tired.

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I can sleep forever when I expire! lol

echo kiln May 8, 2024, 4:13 AM

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14 minutes? Not 13, not 15, but 14

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LOL

sterile oracle May 8, 2024, 4:15 AM

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Morning @icy wraith !

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i tried different nap time periods.

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and I ended up chosing this period and have done it for so long that I dont need an alarm

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it simply is the time my body awakens

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I read some information while I was trained on human sleep cycles.

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and I worked out that everything should be a factor of percentage of the time you sleep for. Typically most people will try to accumulate 6 hours... I have found that this can be done with REM for 1 portion. I find the rest of sleep suplurfous and if you need a nap.. take it

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@echo kiln I have noticed you do not sleep much either. You are in the US.. meaning you are nocturnal or some form of terminator machine

echo kiln May 8, 2024, 4:19 AM

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sterile oracle Morning <@456226577798135808> !

It’s sleep time for me now

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sterile oracle May 8, 2024, 4:19 AM

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i would figure its very late for you now

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sweet dreams

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a book seems to have landed on your head.

echo kiln May 8, 2024, 4:19 AM

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I get about 5 hours sleep

sterile oracle May 8, 2024, 4:19 AM

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5 is similar to me

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but If I wake after 4

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which is our natural cycle

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I wont waste time laying in bed

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I will find something to do

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I do take 1 nap after lunch

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to allow my body to process the food

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the spanish way

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although they use 2 hours for that lol

sterile oracle May 8, 2024, 5:15 AM

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fyi

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Based on the recent market analysis and news, gold prices (XAU/USD) have shown mixed signals, and the outlook remains uncertain as the markets await further cues, particularly from economic indicators and central bank decisions.

Gold prices have recently flirted with the $2000 level, indicating some bullish sentiment in the market. However, these gains have proven to be short-lived as the dollar strength has also been a significant factor in capping gold's rise (DailyFX). The Federal Reserve's actions and statements in the upcoming period are crucial. Market analysts are focusing on the Fed's approach to interest rates, which could either trigger a bullish explosion in gold prices or lead to a downturn if the sentiment shifts towards stronger U.S. economic growth and higher interest rates (DailyFX).

Moreover, the mixed sentiment in the market, with some traders anticipating rate cuts while others see a continuation of the bullish trend in stocks, adds to the complexity of predicting gold's next moves (DailyFX). The scenario is quite dynamic, and traders should keep an eye on upcoming economic data releases, especially those related to the U.S. economy and monetary policy, as these will likely be key drivers of gold price movements in the short term.

For your trading strategy, it would be wise to monitor these developments closely. Given the current uncertainties, maintaining a flexible stance and being ready to adjust positions based on fresh economic insights and market sentiment could be beneficial. Stay updated with the latest economic indicators and market analysis to make informed decisions.

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sterile oracle May 8, 2024, 5:46 AM

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the Fed are about to mess things up later this afternoon

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watch carefully

split night May 8, 2024, 6:23 AM

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I hope all that above is how I’m going to beat the market today?

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With 100% success rate

sterile oracle May 8, 2024, 6:55 AM

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split night I hope all that above is how I’m going to beat the market today?

How do you define a 100 percent success

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thats only possible if you see the future

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part of trading is accepting losses but minimising them

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you must have winning trades that out perform you losing ones

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hence there is risk to reward

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every time you lose a trade... count yourself lucky as you could have lost more and you can live to fight another trade

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if you win

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then each week bank it.

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my humble view

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There is not a single trader who can be 100 percent right

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a skilled trader can get over 75 percent

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and then you measure by your profit factor

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each good trader will be able to declare their profit factor

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this is part of back testing but each trader knows efficient they are

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you can also consider taking 50% of your profits and leave them to compound on your balance.

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this is the correct approach in my humble opinion to trading... many are very much more knowledgable and skilled than me. so consider this and reflect.

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if you want to understand compounding google it... you may find it interesting

strange gulch May 8, 2024, 7:15 AM

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sterile oracle May 8, 2024, 7:20 AM

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hence my report last night

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if you have donkey trades open protect them by scalping the camels

split night May 8, 2024, 7:31 AM

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sterile oracle How do you define a 100 percent success

I win every single time and never lose lol

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But I was joking

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I know 100% is not realistic

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You only need 2/5 wins a week as long as the reward is greater than the risk you will still be in profit

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5/5 would be great but unrealistic

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3/5 still means being consistent 60% of the time

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2/5 is 40% and more achievable

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But with a 2:1 RR with 40% you can be profitable every week

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This is my aim

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To take trades with 2:1 RR and achieve 40% success rate

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Heck even 1 out of 2 trades a week could be a swing trade so it’s easier to trade

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1 winning swing, 1 winning scalp and 3 loses at 2:1 you will still profit

topaz marsh May 8, 2024, 8:31 AM

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I want to ask is there anyone who previously pass forex prop firm challenges with luxalgo

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Anyone can advise any profitable strategy for forex with luxalgo

strong snow May 8, 2024, 8:39 AM

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Just passed 5ers (another challange) lol. With lux it's cheating basically

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What works for me might not work for you though

strange gulch May 8, 2024, 8:45 AM

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both phase or 1

plucky stag May 8, 2024, 8:48 AM

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that was painful gold long

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from 2305

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managed to get 40 pips profit

opaque mauve May 8, 2024, 9:37 AM

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topaz marsh I want to ask is there anyone who previously pass forex prop firm challenges wit...

I am forward testing a strategy ATM I will share when I have 100 trades complete and if profitable averaging 2/3 trades a day

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Current P/L looks promising

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I am testing on all financial markets to see if it suits a certain sector

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Back testing is ok but I don’t think you can beat a forward test yes it’s time consuming but it’s worth the wait and you learn so much in the process

topaz marsh May 8, 2024, 9:50 AM

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Anyone can advise which indicator to use for forex and strategy of course

mental sparrow May 8, 2024, 10:04 AM

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Markets flipping on dollar you think?

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You wat lad?

strange gulch May 8, 2024, 10:32 AM

#

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one more trade in gold\

mental sparrow May 8, 2024, 10:46 AM

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Manipulated

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Dodgy barstewards

mental sparrow May 8, 2024, 11:16 AM

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Gold trying to trap us

opaque mauve May 8, 2024, 11:18 AM

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topaz marsh Anyone can advise which indicator to use for forex and strategy of course

You have more indicators from Luxalgo than you will ever need bro just got play round with them and find something that suits you 100s of different options

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Forex is not an easy market, I traded it a few years back heavily and found I needed the fundamentals on my side to really have an edge

sterile oracle May 8, 2024, 11:22 AM

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mental sparrow Gold trying to trap us

my reading has it being in a camel scenario. with a pull back.

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at market open before jefferson speech.. try to get out and watch

sterile oracle May 8, 2024, 11:23 AM

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plucky stag that was painful gold long

trying to trade towards positive.. at the moment will cause stress but you are so skilled you did it

plucky stag May 8, 2024, 11:24 AM

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sterile oracle trying to trade towards positive.. at the moment will cause stress but you are s...

yeah this gold consolidation always makes you think is it finally over and gonna break out ? or nah just more big range

sterile oracle May 8, 2024, 11:25 AM

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plucky stag yeah this gold consolidation always makes you think is it finally over and gonna...

my trades are biased to camel.. but I waiting. Jefferson will say something that will cause me small losses or at least show my farm where to go

plucky stag May 8, 2024, 11:25 AM

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thats the thing i would like be shorting as well but you never know when gold just scams bears

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if it breaks 2280 i will focus on shorting

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thats my bias for now

sterile oracle May 8, 2024, 11:26 AM

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i made a report earlier this morning GMT

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its based on the end of the asian trading.

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I will create now one based on the end of the solo uk so I get a feel for the crossover.

mental sparrow May 8, 2024, 11:28 AM

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Hope it does go to 2280 🤣

sterile oracle May 8, 2024, 11:35 AM

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mental sparrow Hope it does go to 2280 🤣

We cannot say yet

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you can do lots of scalps but they could mount to losing trades

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the daily chart

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#

this has crossed

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the 4 hour shows this... its camel milk

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@plucky stag

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this is 1hr.. it shows how you waited.... for your trade in donkey style...

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technically a watermelon did it so that was a SPF trade for you

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based on your 40 pips that was because at this time..

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#

a watermelon hit a donkey

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at 15m

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this was the V shapre

plucky stag May 8, 2024, 11:42 AM

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i dont even know what that means

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what does watermelon do

sterile oracle May 8, 2024, 11:42 AM

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its a total break down of a pattern of candels

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it has signal break failure involved in its code

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its different from "allegator teeth" also

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if it connects with an animal it detects what you will see a "break"

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which I note you traded well a little while ago

echo kiln May 8, 2024, 11:44 AM

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I need a meaningful retracement before I look for shorts on gold

sterile oracle May 8, 2024, 11:44 AM

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@echo kiln good morning

echo kiln May 8, 2024, 11:44 AM

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morning

plucky stag May 8, 2024, 11:44 AM

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echo kiln I need a meaningful retracement before I look for shorts on gold

it is in consolidation atm..it is gonna be a breakout from either end of the range

sterile oracle May 8, 2024, 11:44 AM

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I am waiting for jefferson

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I am fundamental driven

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but use technicals within context

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its my style

plucky stag May 8, 2024, 11:45 AM

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yeah same

echo kiln May 8, 2024, 11:45 AM

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plucky stag it is in consolidation atm..it is gonna be a breakout from either end of the ran...

No sure, Im just waiting for a bearish daily structure to confirm

sterile oracle May 8, 2024, 11:45 AM

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echo kiln No sure, Im just waiting for a bearish daily structure to confirm

This means you are more technical focused

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I look at people first bring it to markets then try to use technicals to confirm my idea or direction

plucky stag May 8, 2024, 11:46 AM

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I use techincials to confirm my fundementals for entry.right now this thing is just ranging and no direction

echo kiln May 8, 2024, 11:46 AM

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sterile oracle This means you are more technical focused

Higher TF, more TA and the higher TF softens the knee jerk reaction to news

sterile oracle May 8, 2024, 11:46 AM

#

but then you have to control your entry

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the longer the TF the more your book has to withstand a trade

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this is from my apprach

#

I do not enjoy holding trades

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and view each trade as a loan

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due to leverage

echo kiln May 8, 2024, 11:47 AM

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sterile oracle the longer the TF the more your book has to withstand a trade

Sure, i am properly funded in my personal account to swing.

sterile oracle May 8, 2024, 11:48 AM

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but I remember you stated you trade on very small TF at times if you spot an opportunity

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is this your style?

echo kiln May 8, 2024, 11:48 AM

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I use SL based on the charts, not some arbitrary formula based on my account size.

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I swing and I scalp

sterile oracle May 8, 2024, 11:48 AM

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I do also

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but may I ask in what order

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do you swing then take scalps

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or do you scalp

echo kiln May 8, 2024, 11:49 AM

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no order, i see what i see and then just trade

sterile oracle May 8, 2024, 11:49 AM

#

but on error you swing?

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I work on a defence mechanism for when my scalp goes wrong

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I can have all the ideas possible.... but I have to defend the margin

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to get the overall profit I am willing to take small losses

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Its a form of hedging

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this method can produce good returns or make you break even.

sterile oracle May 8, 2024, 11:55 AM

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echo kiln no order, i see what i see and then just trade

when your trade goes wrong do you accept the loss or by sl or do you manage it through with tiny contra orders>?

echo kiln May 8, 2024, 11:56 AM

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sterile oracle when your trade goes wrong do you accept the loss or by sl or do you manage it t...

I take the loss, doing tiny contra trades is revenge trading.
When I enter a trade, I have already accepted the possible loss.
THats it.

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I dont care if I lose.

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Part of the business

modest herald May 8, 2024, 11:57 AM

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may the donkeys and camels bless you today

sterile oracle May 8, 2024, 11:57 AM

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they will both kick me lol

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and then a watermelon will hit me on the head

modest herald May 8, 2024, 11:57 AM

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make sure to eat some melon then! 😂

sterile oracle May 8, 2024, 11:57 AM

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hopefully kebab is there

modest herald May 8, 2024, 11:57 AM

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yes, yes

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happy trading for all

sterile oracle May 8, 2024, 11:58 AM

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echo kiln I take the loss, doing tiny contra trades is revenge trading. When I enter a tra...

my personal view is that its possible to protect a fundamental based trade by scalping and agree to allow losses

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this is my personal style

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This is what banks do

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banks have an 8% economic capital by law

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so no bank can actually ever pay every customer..

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hence the term "run on banks"

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94 percent of money is tied up

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but at least the goverment can bail them

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there is a 2% slack

echo kiln May 8, 2024, 12:00 PM

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We actually dont know what banks do.
We are just common folks trading at home, in front of a television, eating chips and drinking soda, chatting on social media. We really do not know what the people in business suits do everyday at the banks. @sterile oracle

sterile oracle May 8, 2024, 12:01 PM

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I understand

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you are quite right

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and they drive the liquidity

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I left to have a Soda aka fizzy drink - chips aka crips enjoy trading.

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🙂

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I know what they do

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at least some years ago

echo kiln May 8, 2024, 12:03 PM

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do banks have camels on their charts?

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3LON

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🐪

sterile oracle May 8, 2024, 12:05 PM

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the have cash cows?

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for bailouts

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https://tenor.com/view/later-alligator-gif-16598835941615217981

Tenor

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i am attempting to make the aligator teeth while trading... but realised a crocodile can kill an alligator. Can anyone from Florida confirm, its very important for trading

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remember I am a simple farmer of trading and mostly forget thing @echo kiln

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things*

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even how to type

echo kiln May 8, 2024, 12:08 PM

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sterile oracle May 8, 2024, 12:09 PM

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https://www.investopedia.com/articles/trading/072115/exploring-williams-alligator-indicator.asp

Investopedia

What Is the Williams Alligator Indicator and How Do You Trade It?

Bill Williams' Alligator indicator provides a useful visual tool for trend recognition and deciding when to enter or exit a trade.

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this is not easy coding imo

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as its visual

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fib, sma
SUM1 = SUM (CLOSE, N)
SMMA1 = SUM1/N
Subsequent values are:
PREVSUM = SMMA(i-1) *N
SMMA(i) = (PREVSUM-SMMA(i-1)+CLOSE(i))/N

#

SUM1 - the sum of closing prices for N periods;
PREVSUM - smoothed sum of the previous bar;
SMMA1 - smoothed moving average of the first bar;
SMMA(i) - smoothed moving average of the current bar (except for the first one);
CLOSE(i) - current closing price;
N - the smoothing period.

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is this it?

echo kiln May 8, 2024, 12:11 PM

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sterile oracle https://www.investopedia.com/articles/trading/072115/exploring-williams-alligato...

No need to reinvent this wheel
Just SMA crosses.
Many versions in TV

sterile oracle May 8, 2024, 12:11 PM

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got it

echo kiln May 8, 2024, 12:11 PM

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sterile oracle got it

TradingView coded this already in their techinal indicator tab

sterile oracle May 8, 2024, 12:12 PM

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ok

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i was trying based on what you suggested

echo kiln May 8, 2024, 12:12 PM

#

sterile oracle May 8, 2024, 12:12 PM

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looks like I can just add it as important

echo kiln May 8, 2024, 12:13 PM

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very slow lagging

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Ill use the Neo Cloud instead

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🚀

daring schooner May 8, 2024, 12:19 PM

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Want lagging try SMA on The daily LOL

sterile oracle May 8, 2024, 12:21 PM

#

🐊

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i have this

echo kiln May 8, 2024, 12:21 PM

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1m DXY

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👀

neon ore May 8, 2024, 12:22 PM

#

echo kiln 1m DXY

Gold

echo kiln May 8, 2024, 12:22 PM

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1m XAU

sterile oracle May 8, 2024, 12:22 PM

#

thats very good.

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let me add a crocdile to it

#

#

i will add crocodile

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trading 1m is very dangerouse

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dangerous

plucky stag May 8, 2024, 12:23 PM

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it is not dangerous if you know your levels

sterile oracle May 8, 2024, 12:24 PM

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yes

neon ore May 8, 2024, 12:24 PM

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sterile oracle trading 1m is very dangerouse

No not at all

plucky stag May 8, 2024, 12:24 PM

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you dont just trade blindly in 1 min

sterile oracle May 8, 2024, 12:24 PM

#

but you really have to be experienced

echo kiln May 8, 2024, 12:24 PM

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sterile oracle trading 1m is very dangerouse

But you know what the banks are doing thinking

sterile oracle May 8, 2024, 12:24 PM

#

and know the direction

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its like a warning disclaimer

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my signals with lux are very much optimised for velocity

neon ore May 8, 2024, 12:24 PM

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echo kiln But you know what the banks are doing <:thinking:704542555257307186>

I dont know what bank or others do
Footprint charta help alot

sterile oracle May 8, 2024, 12:32 PM

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it looks like it forms some of my code

#

#

code complete

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it looks like a camel is not as fast a camel on 1m

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but its way more important

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many thanks... I fixed the origina code to increase velocity

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also got rid of the SMA as it looks messy

echo kiln May 8, 2024, 12:38 PM

#

sterile oracle

Yup, you sure know what the banks are doing
BWAHAHAHA

#

just joking

sterile oracle May 8, 2024, 12:38 PM

#

I wanted to say thanks

#

I will never know what the banks are doing

#

but I was in one and know how they think

#

#

thats a 5 minutes solid scalping

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and if you look really carefully there is a crocodile there

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the 3 min is my best optimised

#

#

on optimsation i have seen this

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its not as good as the rest of the animals being a reptile. But I would trust it

#

#

i made myself laugh

#

put some signals on there

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thanks for the inspiration @echo kiln

#

I am starting to think to change the picture to an ostrich.

#

i could even add web hooks to it

#

#

lol

noble crag May 8, 2024, 12:48 PM

#

anyone trading today ?

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Low liquidity though

sterile oracle May 8, 2024, 12:48 PM

#

i am

noble crag May 8, 2024, 12:48 PM

#

Gold 1H is so clean 😮‍💨

sterile oracle May 8, 2024, 12:48 PM

#

do you scalp

noble crag May 8, 2024, 12:48 PM

#

Yeah

sterile oracle May 8, 2024, 12:48 PM

#

so scalp the ranges be patient

#

my though

#

it will still make your money

#

if your are swing

#

do not do anything

#

just watch

noble crag May 8, 2024, 12:50 PM

#

Where you usually scalp ?

#

Reversal Bands ?

sterile oracle May 8, 2024, 12:50 PM

#

i use a timeline approach

#

i am not contra

#

so I look at a direction

#

on LTF

#

then i look for consistency given that I have completed my fundamental research..

#

this basically tells me buy or sell

#

then I reduce the time fram

#

at this point for every pull back I will enter

#

it means my scalping can be slower but the percentage rate of success can be higher

#

if you know the long time trame direction even up to 1 day

#

you should only scalp in that direction

#

waiting for the pull back before

#

otherwise your margin will be hurt

#

my humble thoughts

#

on XAU there are times you have to look at a 30m chart or 15m

#

to understand

#

on all the other ones you can take guidence of direction from longer time frames

#

when XAU is fairly doing nothing ie.. less new you can make a range

#

and just go up and down with it

#

but dont remain in a trade long or you will kill your book

#

my 15 m shows me this which means the market open will cause some chaos

#

#

probabily drop

dawn sierra May 8, 2024, 1:04 PM

#

https://tenor.com/view/bible-study-book-pages-bible-gif-13877575

Tenor

strong snow May 8, 2024, 1:19 PM

#

Small 5k acc

#

10% monthly gain, not much but close to no risk.

sterile oracle May 8, 2024, 1:26 PM

#

perfect

#

https://tenor.com/view/hi-gif-19649071

Tenor

strong snow May 8, 2024, 1:30 PM

#

Camel for the win 😎

sterile oracle May 8, 2024, 1:36 PM

#

2298

#

i had this last night

#

i dont have single long

#

3k day

#

this is an example of fundamentals driving algos...

sterile oracle May 8, 2024, 1:56 PM

#

did you find out what jefferson is going to say?

#

no news so gold is going to become as cheap as a shawarma?

sterile oracle May 8, 2024, 2:22 PM

#

#

not bad for a camel entry

#

30 pull back

#

the comment was very accurate

#

in time

strange gulch May 8, 2024, 2:26 PM

#

#

this is my current position in gold

#

sorry

#

eur/usd

sterile oracle May 8, 2024, 2:28 PM

#

strange gulch May 8, 2024, 2:37 PM

#

i am going to close 60%

sterile oracle May 8, 2024, 2:42 PM

#

wiat

#

ait

#

wait

#

my fingers are too fast for me

#

just remain camel

#

for 3 hours

strange gulch May 8, 2024, 2:46 PM

#

ok

echo kiln May 8, 2024, 2:49 PM

#

https://discord.com/channels/641770286638694402/1178430832151638077

sterile oracle May 8, 2024, 3:40 PM

#

what a donkey

#

#

it has not appeared yet

#

sorry camel

#

first

strange gulch May 8, 2024, 3:44 PM

#

i am waiting M

plucky stag May 8, 2024, 3:45 PM

#

gold is pretty much flat today

#

I traded nq instead

sterile oracle May 8, 2024, 3:47 PM

#

#

i am not so sure

#

you are a donkey long trader

#

I am seeing xau dropping

#

you have not as I understand shorted or camel.

#

based on my memory

#

I wrote the implications some time last night on XAU

#

and the news articles supporting

#

based on your style, you could consider waiting as the Donkey make come at consiliation

#

consolidation

#

i am sorry

#

my fingers are useless.

#

#

3 cammels 2 donkeys and a few watermolons

#

I also have a

#

#

this shows me the market structure fell over then a camel has come

plucky stag May 8, 2024, 3:52 PM

#

i did have some shorts on gold

sterile oracle May 8, 2024, 3:53 PM

#

I remember you say only gold increases?

plucky stag May 8, 2024, 3:53 PM

#

however i focus mostly on longs

sterile oracle May 8, 2024, 3:53 PM

#

yes i remember

#

so your style is on history

#

XAU in the fullness of time wil decrease

#

per dollar

#

thus increasing the value of XAU

plucky stag May 8, 2024, 3:54 PM

#

right now gold is still bullish only consolidation and correction

#

you can take shorts but you never know when it goes up again

sterile oracle May 8, 2024, 3:54 PM

#

but I see in long term xau will go up

#

but we have a pit period

#

like a 1 month pull back in theory

plucky stag May 8, 2024, 3:54 PM

#

i am already hearing taiwan invasions ...

sterile oracle May 8, 2024, 3:54 PM

#

gold is like a slow animal going down

plucky stag May 8, 2024, 3:54 PM

#

you never know bro

sterile oracle May 8, 2024, 3:55 PM

#

but when it goes up there can be huge movement

#

yes China has started to move their boats

#

they are in the south china sea

#

but they did not take action yet

#

taiwan is a US cultured place.

#

and so I have to reflect and watch

#

or visa etc.

#

i am also watching the fishing in the china sea

#

phils that are fishermen are being harrased by chinese....

#

this will be a slow change to gold

strange gulch May 8, 2024, 3:57 PM

#

A BOS formed

sterile oracle May 8, 2024, 3:57 PM

#

yes saw it earlier

#

what tf did you see

#

i can normally see them before they come

#

xau right

#

or are you working on indian market?

strange gulch May 8, 2024, 3:58 PM

#

no

#

EUR/USD

#

1H

sterile oracle May 8, 2024, 3:58 PM

#

ah

#

i have no idea on this one

#

i dont pay attention to it

#

i can take a look

strange gulch May 8, 2024, 3:58 PM

#

sterile oracle May 8, 2024, 4:00 PM

#

so camel on a pull back?

#

#

sorry donkey

#

a watermelon hit it

#

US is losing against EUR

strange gulch May 8, 2024, 4:00 PM

#

LET'S SEE

sterile oracle May 8, 2024, 4:00 PM

#

i cant see anything

strange gulch May 8, 2024, 4:00 PM

#

ALREADY IN A GOOD PROFIT

sterile oracle May 8, 2024, 4:01 PM

#

well done

strange gulch May 8, 2024, 4:01 PM

#

and moved sl

sterile oracle May 8, 2024, 4:01 PM

#

try trailing sl

strange gulch May 8, 2024, 4:01 PM

#

yeah

sterile oracle May 8, 2024, 4:01 PM

#

it may optimise your profit

strange gulch May 8, 2024, 4:01 PM

#

i am trailing

sterile oracle May 8, 2024, 4:01 PM

#

sit at like 30 pips below

#

i dont know this pair

#

on xau

#

you cannot apply this as the gold is insane

strange gulch May 8, 2024, 4:02 PM

#

already done a good profit

sterile oracle May 8, 2024, 4:02 PM

#

https://tenor.com/view/tower-unite-skittys-gif-22336136

Tenor

strange gulch May 8, 2024, 4:02 PM

#

i want a risky trade

#

risk is around 25% of profit

sterile oracle May 8, 2024, 4:05 PM

#

ermmmmm

#

let me give you some information

#

so you can read and reflect

#

If the Federal Reserve's influence is removed from the equation, the prediction for gold prices (XAU/USD) by 12:01 AM tomorrow would primarily depend on other global factors:

Geopolitical Developments: Without the Fed's monetary policy as a factor, gold prices would become more sensitive to geopolitical tensions. Any escalation in conflicts or political uncertainty, especially in key regions like the Middle East, could push investors towards the safety of gold, potentially driving up prices.

Global Economic Indicators: Economic data from other major economies, such as the European Union, China, or Japan, would gain greater importance. Poor economic performance or instability in these regions could enhance gold's appeal as a safe haven.

Market Sentiment and Technical Analysis: With fundamental economic cues from the U.S. central bank out of the picture, traders might rely more heavily on market sentiment and technical analysis to guide their trading decisions. This could increase market volatility, as reactions to short-term events and trends might be amplified.

Currency Movements: The strength of the U.S. dollar against other major currencies would still influence gold prices. A weaker dollar generally makes gold cheaper for holders of other currencies, potentially increasing demand and driving up prices.

Investor Behavior: Investors' overall risk appetite and their response to the absence of guidance from the Fed could cause significant price movements. In uncertain times, gold could see increased demand as a form of financial insurance.

Without the stabilizing guidance of the Federal Reserve, the gold market might experience increased volatility, with prices more directly influenced by immediate global events and market sentiment. Investors should monitor international news closely and be prepared for potentially swift changes in gold's market value.

echo kiln May 8, 2024, 4:43 PM

#

Nothing yet
Maybe I should look for another pair for a swing
Any suggestions?
Looking on the Daily timeframe

#

🤷🏻‍♂️

tepid walrus May 8, 2024, 4:43 PM

#

echo kiln Nothing yet Maybe I should look for another pair for a swing Any suggestions? Lo...

EURUSD

sterile oracle May 8, 2024, 4:48 PM

#

i know this

#

#

this is a heavy watermelon

#

its basically killer!

#

god save the donkey has who has to deal with this

echo kiln May 8, 2024, 4:51 PM

#

tepid walrus EURUSD

#

im too late

#

LOL

echo kiln May 8, 2024, 4:55 PM

#

sterile oracle this is a heavy watermelon

watermelon?
no tomatoes?

sterile oracle May 8, 2024, 5:05 PM

#

you want me to code tomatoes

#

what do they symbolise?

#

nice idea

#

is this some form of pull back idea?

echo kiln May 8, 2024, 5:06 PM

#

sterile oracle what do they symbolise?

maybe tomatoes symbolize REKT

sterile oracle May 8, 2024, 5:06 PM

#

ah

#

got it

#

i remember this

echo kiln May 8, 2024, 5:07 PM

#

https://tenor.com/view/smash-crush-tomatoe-in-face-tied-smashed-with-tomatoe-gif-15820662

Tenor

#

LOL

sterile oracle May 8, 2024, 5:07 PM

#

lol

echo kiln May 8, 2024, 5:07 PM

#

hahahahha

sterile oracle May 8, 2024, 5:07 PM

#

I will make this on a 3m chart and optimise for scalping

#

you want me to code to stop REKT happening

#

Educational Insight: For new traders, hearing stories of others getting "REKT" can be a powerful educational tool. It underscores the need for ongoing education, understanding market forces, and the importance of developing a solid trading plan.

#

this cannot be applied to trading

#

was this an insult @echo kiln and if so what do I need to be instructed

echo kiln May 8, 2024, 5:10 PM

#

sterile oracle was this an insult <@881016788702330900> and if so what do I need to be instruc...

hahaha

sterile oracle May 8, 2024, 5:10 PM

#

have you insulted me?

echo kiln May 8, 2024, 5:10 PM

#

we need the REKT symbol

#

we dont have that yet

echo kiln May 8, 2024, 5:10 PM

#

sterile oracle have you insulted me?

no

#

LOL

sterile oracle May 8, 2024, 5:10 PM

#

ah ok

echo kiln May 8, 2024, 5:10 PM

#

we need a rekt symbol

sterile oracle May 8, 2024, 5:10 PM

#

so I am thinking

#

i just learned the meaning of it

echo kiln May 8, 2024, 5:10 PM

#

you have winning symbols, now we need smash rekt

sterile oracle May 8, 2024, 5:10 PM

#

ok

#

so

#

can you give me 3 bullet points

#

to give me context

#

what would symbolise a REKT

#

i can go nuts on it

#

but what is the shape

#

?

#

The principle is its a stop loss calulator

#

based on its defininition

#

Stop-Loss Orders: Set strict stop-loss orders to manage and limit potential losses.
Position Sizing: Adjust the size of your trades to manage risk effectively. Smaller positions might be prudent given the high-risk nature of this strategy.

#

I can build this

thin smelt May 8, 2024, 5:13 PM

#

Hi , whats the best indicators to use with signals and overlays also best settings on them if maybe someone can help

sterile oracle May 8, 2024, 5:14 PM

#

i am so bored...

#

such a long trade..

#

#

I will code while waiting

strange gulch May 8, 2024, 5:15 PM

#

gold is good

sterile oracle May 8, 2024, 5:15 PM

#

i am going to optimise the concept for 3m

#

on xauusd

#

most of the time it can be transfered to other pairs

#

can anyone suggest what I should attach to this concept of maximal loss and risk?

daring schooner May 8, 2024, 5:16 PM

#

Holding trades is boring lol. At least holding EurUsd sell is paying me a daily interest rate

strange gulch May 8, 2024, 5:16 PM

#

doing last scalp

sterile oracle May 8, 2024, 5:16 PM

#

@strange gulch how many pips do you see me gaining if I am right?

strange gulch May 8, 2024, 5:17 PM

#

100

mint hare May 8, 2024, 5:18 PM

#

Hy.. Guys share same scalp trick I'm beginner 😊

strange gulch May 8, 2024, 5:18 PM

#

@sterile oracle

sterile oracle May 8, 2024, 5:18 PM

#

good

strange gulch May 8, 2024, 5:18 PM

#

mine is 150-170

sterile oracle May 8, 2024, 5:18 PM

#

i am on 500x

#

leverage

strange gulch May 8, 2024, 5:19 PM

#

ohh

sterile oracle May 8, 2024, 5:19 PM

#

so I have to control my exposure

strange gulch May 8, 2024, 5:19 PM

#

give me a sec.

#

i have 250

#

profut

#

should i book?

#

@sterile oracle

sterile oracle May 8, 2024, 5:21 PM

#

not now

#

the time is gone

#

wait

strange gulch May 8, 2024, 5:22 PM

#

okk

#

300

#

going to sleep

sterile oracle May 8, 2024, 5:27 PM

#

gentle summit May 8, 2024, 5:28 PM

#

how is algo working in forex give me respone

strange gulch May 8, 2024, 5:28 PM

#

#

5 %

#

In 10 min

#

Bye gys

#

@sterile oracle

#

Good night 💤

strong snow May 8, 2024, 6:22 PM

#

gentle summit how is algo working in forex give me respone

Algo is not working, you do.

#

That's the correct approach

echo kiln May 8, 2024, 6:43 PM

#

How’s everything and everyone doing here?

strong snow May 8, 2024, 6:52 PM

#

7% account gain on my small 5k acc.

#

(Private)

#

Missed some good entries but in the end worked out

#

Aka went in early 😔

daring schooner May 8, 2024, 6:58 PM

#

I'm as bored as I can ever remember trading swing. It doesn't help that there's not much movement. It pretty much stress free however

echo kiln May 8, 2024, 7:14 PM

#

strong snow 7% account gain on my small 5k acc.

Nice

echo kiln May 8, 2024, 7:14 PM

#

daring schooner I'm as bored as I can ever remember trading swing. It doesn't help that there's...

Tough

#

Im still waiting to get tagged in on this Daily TF

sterile oracle May 8, 2024, 7:15 PM

#

#

this camel is sitting

echo kiln May 8, 2024, 7:41 PM

#

sterile oracle this camel is sitting

no melons?

#

waiting for the next lower camel?

daring schooner May 8, 2024, 7:50 PM

#

echo kiln Im still waiting to get tagged in on this Daily TF

What's your bias what's causes you to jump in on a daily time frame I've been using RSI

echo kiln May 8, 2024, 7:52 PM

#

daring schooner What's your bias what's causes you to jump in on a daily time frame I've been us...

I use PAC structure for bias

sly escarp May 8, 2024, 8:08 PM

#

Lux is so op by itself
But paired with my 2 other indicators just godly

#

Edging the charts daily

topaz marsh May 8, 2024, 8:08 PM

#

Guys I am new here which indicator are you using to trade forex the price action concept or signals/ overlays?

sly escarp May 8, 2024, 8:09 PM

#

I find smart money concepts very good almost never fails me

echo kiln May 8, 2024, 8:10 PM

#

topaz marsh Guys I am new here which indicator are you using to trade forex the price action...

Hi there and welcome, have a look at these overview videos on Price Action Concepts
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=UN8LCy3OJCvZxtuV

YouTube

🔥Exclusive Toolkit Tutorials

How to use our exclusive LuxAlgo toolkits. Featuring a growing list of in-depth tutorials for beginners & advanced users.

sly escarp May 8, 2024, 8:10 PM

#

U should ask a professional though all I do is it the blue and red button and win big 🤑🤑🤑

daring schooner May 8, 2024, 8:16 PM

#

topaz marsh Guys I am new here which indicator are you using to trade forex the price action...

Mine just says lux price action concepts. I use my own indicator too but missing just one trade I'd loose more than the monthly. It's worth it

topaz marsh May 8, 2024, 8:22 PM

#

I was using ICT concept to trade but some how everything was fine very profitable in 2022 and 2023 but 2024 his strategy some how maybe the bangs know about him and looks impossible to make money anymore. I use this indicator before and I know was good so thanks guys and way price action looks almost the same strategy as ICT right I may take a look

sterile oracle May 8, 2024, 8:32 PM

#

echo kiln no melons?

I am cooking thair green

#

the trades are coorect

#

correct

#

I will alow them to reach their target

#

500 pips

#

🙂

#

thai green

echo kiln May 8, 2024, 8:33 PM

#

topaz marsh I was using ICT concept to trade but some how everything was fine very profitabl...

Yes, the premium toolkit of Price Action Concepts was made to help us mark our charts for those that traded market structures, SMC, and of course, ICT Concepts fire3

sterile oracle May 8, 2024, 8:33 PM

#

my father has moved in

#

so just making him more welcome and relaxed

#

He is elderly.

#

so its my turn to take care of him

echo kiln May 8, 2024, 8:34 PM

#

sterile oracle so its my turn to take care of him

this is nice to hear

sterile oracle May 8, 2024, 8:34 PM

#

yes its my culture to repay what your parents have done..

#

my daughters are in for it

#

i may just grunt and point lol

#

plan for 40 years if lucky

#

I have made him an apartment in our house

#

and adjusted it for his mobility.

topaz marsh May 8, 2024, 8:39 PM

#

echo kiln Yes, the premium toolkit of Price Action Concepts was made to help us mark our c...

Thanks

echo kiln May 8, 2024, 8:40 PM

#

topaz marsh Thanks

your welcome

daring schooner May 8, 2024, 11:19 PM

#

Might get some market movement tonight ahead of tomorrows news.

topaz marsh May 8, 2024, 11:51 PM

#

Check GBPJPY and AUDUSD this two ours always moving at night at Asia session

strange gulch May 9, 2024, 2:42 AM

#

I said you guys

#

The trade I close in night with 5 %

#

If I don't close and go to sleep with target

#

Then it will hit 50 pips

analog locust May 9, 2024, 2:57 AM

#

Hi

echo kiln May 9, 2024, 3:16 AM

#

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