💱forex-chat

[strange gulch]

can ask why

?

no need of too much analysis

in gold nowdays

[heady ginkgo]

Gold seems just be guess work this year

[strange gulch]

everyone

keep focuse in gold

all we need is one bearish candle and then boom

[radiant sinew]

The bearish candles already started on seconds timeframe 😅 . Still waiting

[grand fable]

But the bearish signal also had the long term neo cloud up so you would also avoid that

[strange gulch]

you are a scalper or you hold trades for more then hours or days?

[real atlas]

Many of you have such confirmation on the squares bar, can you tell me which indicator has this setting?

[radiant sinew]

It depends tbh. My only issue with holding trades for too long is swap charges and unnecessary fees. I analyze long term trends and take entries based on ltf. Xauusd clearly needs to dump. Any pump we experience is an opportunity to take short entry

Started shorting once i saw cross over on 1sec tf + rejection at an order block. I just need to keep seeing the cross over progress - 1sec crossover, 5secs, 30secs, might exit at 1-5mins.

[strange gulch]

i want to say one think

your chart is very clean

[pearl belfry]

Hey everyone I’m stuck….im curious on should I trade every break out??

That matches my strategy

[strange gulch]

what

every breakout?

[pearl belfry]

Trendlines I’m sorry for the misunderstanding

[strange gulch]

can you show how u trade on trendline?

[pearl belfry]

I use trend line breakouts and delta

I don’t want to over trade but I also miss moves when I say 1 lost a day

[strange gulch]

ohh

so listen

acc. to my observation and exp.

you have to check breakout+candlestick don't use only candlestick

[pearl belfry]

Also I’m learning how news affects spy

And ok

Thank you

[strange gulch]

some basic candlestick

may it helps u

[pearl belfry]

Thank you appreciate the help

[strange gulch]

@minor venture brother someone is making cup of tea 🫖

[minor venture]

😂

[carmine pollen]

hey guys do you have any suggestion charts settings working with you on the forex? thank you!

[echo kiln]

I do

🤫

[carmine pollen]

https://tenor.com/view/speakup-talk-cat-speak-up-cute-gif-1570144500718911029

😂

[waxen wigeon]

@echo kiln what is different between trend catcher / trend tracer by the way which one indicates the direction changing accurately with which setting

As long term setting

[echo kiln]

Have a look here at the Overlay docs.
The Trend Catcher is more reactive to the price flow, compared to the Tracer
https://docs.luxalgo.com/docs/luxalgo-toolkits/signals-overlays/indicator-overlay

[waxen wigeon]

@echo kiln tracer fast to catch the direction change

Put it #3 in setting

Or #1

[echo kiln]

You would need to experiment with this to your trading style

For my personal chart, your can see I love Neo Clouds

and this is on the crazy 1minute chart

[faint delta]

Yo

[magic solstice]

How can we set this

And for scalping how much sensitivity i can use

[echo kiln]

This template was created with the premium toolkit, Signals & Overlays

https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=fQGja3nZQkVNcytJ

[wispy cobalt]

After many years with different brokers I would say that this is a clear sign that you need to get away from this broker. Shoddy practices in the wings

[wispy cobalt]

You wait for the signal and also the candle colour? Not just close above clouds?

[echo kiln]

Many ways to trade this chart....I like to show the possibilities for everyone 🚀

[echo kiln]

This is a good entry set-up...

[wispy cobalt]

Suggest you watch the video he did recently - detailed explanation of his strategy but also some mind altering gems if you listen carefully

[strange gulch]

gold morning

[echo kiln]

😴

[analog locust]

Good morning

[echo kiln]

Maybe a start to some good 1m moves for London soon 🤷🏻‍♂️

Good this be a good measured short on 1m XAU?

[topaz marsh]

Gbpusd looks pushing down very fast I should hold it but I am happy with this profit

Sorry meant to say EU

[young lark]

Thoughts on NZDUSD I’m thinking bearish on a swing trade

[radiant sinew]

Most /usd are bearish

[crude crag]

Hello

[dawn sierra]

hahahah 2 accounts, same person 😛

[split night]

You back from holiday?

[rough jungle]

yeah got back yesterday buddy 😎

[split night]

Nice man was it good?

UK weathers been alright all last week tbf

[rough jungle]

Great man, was such a nice break! Didnt want to come back but yeah i heard there was a heatwave whilst i was away, typical LOL

[split night]

😂😂

Just have to get another booked now 👀

[rough jungle]

yeah im thinking for july for bday maybe, mrs going ibiza next week and wanted me to go but i refused to go there lol. That isnt for me

[split night]

Yeah my mate keeps trying to drag me there

I don’t mind that scene but I’m also just getting a bit past it that I can’t handle it

Like I don’t mind the daytime events but I can’t be staying up till 4am anymore

[rough jungle]

im the same buddy, the week of drinking has taken its toll on me. Then went to a brett young concert last night too but didnt drink too much

i get 2 day hangovers now lol

[split night]

Yeah I do 🤣🤣

Feel like I’ve been poisoned

[rough jungle]

im so tired from a week on drinking in the sun haha, feel like i need another holiday just to relax and recover from that one and it wasnt even drinking much. Only in the evening with dinner and the entertainment

[rough jungle]

literally HAHA

[echo kiln]

Morning

[daring schooner]

Starting to lean towards a reversal in the USD. USD has been bear for about a month, which is typical. There's been about four to six trades available going point-to-point on The daily so far this year depending on how you look at it. I would love to see a confirmation on The daily but that often does not happen if it is actually bull USD then all my trades will become USD biased for example Euro USD will be a bear only purchase. Again I can't confirm this just keep an eye open if your swing traders

[split night]

why has my short and long position messed up

i cant see the pips

[echo kiln]

whats up?

[split night]

i dont know before i had position size calculator which helped me

but now it wont display correctly and its telling me to buy like 0.01 lot

[echo kiln]

hmmm, not sure about a position size calculator, never used one before

[rough jungle]

ooo these colours my fave so far

[split night]

think ive figured it out

[hallow perch]

hey can i ask a question--about a broker--trying to be able to trade xau/usd and cant with my pc setup

[mental sparrow]

I think the news will send usd up

Here's hoping 🙏

Can recover my 3k loss

[hallow perch]

as in LONG?

[mental sparrow]

Yes usd long haha

[echo kiln]

I use Oanda and Forex.com brokers

[mental sparrow]

For the live of god

Love

[hallow perch]

im using Oanda--

[hallow perch]

sorry it confuses me bc its euro then usd--so if usd goes up means really the dollar is falling

[hallow perch]

i cant trade xau on tradingview--

[mental sparrow]

No dollar in rising if eurusd goes down

[hallow perch]

lol thats what i said but opposite ?

[mental sparrow]

Yeh haha

[hallow perch]

LOL glad we speak the same language 😄

[mental sparrow]

Ok, watch mickys live videos on trading you will learn a hell if a lot

[hallow perch]

yeah i just see those gonna watch them today

[echo kiln]

hmmm, also depends on where you live I think.

[hallow perch]

here we go

[daring schooner]

Molasses

Negative USD news. Positive USD results lol

[hallow perch]

hopefully balances out

[hallow perch]

i think if i link my meta4 oanda i can trade on it on the phone

not sure

im in NC - USA

[echo kiln]

There is something wrong here.
Im in USA as well and I can trade XAU on TV with Oanda and Forex.com

[hallow perch]

---if its a NC thing im about to move

i want to trade on gold lol

[echo kiln]

LOL

What fx broker you use on TV?

[hallow perch]

oanda

[echo kiln]

Oh my bad, your right, sorry i dont trade gold xau/usd, because USA residents not allowed.
I do trade the gold futures GC on Tradestation.

when I chat about gold for my personal trading, its GC gold futures, same thing, but futures

[hallow perch]

oh

[kind wasp]

Where’s the channel that ppl could showcase their strategies?

[blissful leaf]

only available to subscribers i'm afraid.

[kind wasp]

I was a day one most loyal subscriber here.. give me access anyway? 😂

[blissful leaf]

you can always try LuxAlgo for a month, and if it's not for you request a refund, no questions asked 🙂 https://www.luxalgo.com/#premium-packages

[still shore]

Why use Oanda? Spreads are wide isn't it?

[echo kiln]

All relative, spreads are about 1-2 pips
Reasonable for "regulated" legit brokers.
If you swing, this is negligent
I also use Forex,com, spreads are zero on EU

EU 2m

5m

XAU 5m

XAU 1m

[radiant sinew]

I think reversal soon

Calling it a day now. Oil and gold. Im expecting a gold reversal soon on ltf

[echo kiln]

boom

[quasi narwhal]

Itf?

[wintry ridge]

Hey guys does anyone here use Ig markets or CMC markets? Any good experience with them?

[radiant sinew]

Low(er) timeframe.

[quasi narwhal]

Got it. What is the best way for a greenhorn to get started?

[blissful leaf]

Livestream is on right now https://discord.com/channels/641770286638694402/1178430832151638077

[radiant sinew]

Took this reversal. A scalp for now. Gold still bearish but I see a new high at 2405 range.

[dawn sierra]

thats the great thing about big capital 🙂

[radiant sinew]

But risky too. I dont think big capital matters - trading is always a probability. I could either lose that or gain same 😅

[strange gulch]

@echo kiln

someone is distrinuting jobs

@blissful leaf

[echo kiln]

@strange gulch Did you try to get your Discord connected yet?

In today's Live Stream, I went over the trick in using 2 sets of PAC Patterns

[sly escarp]

🤑🤑🤑 go big or go big

[radiant sinew]

I hope xau ends up like this. OB at 2401 - 2407 but question is, will it get there before it dumps?

[echo kiln]

4H XAU

That's why I like watching the 4H and daily charts

[dawn sierra]

@echo kiln Do you know why i dont see the candle coloring like you have?

[echo kiln]

We need to clean up the candles colors.
Go to chart settings
Hide borders
Have both wicks same neutral colors

[dawn sierra]

check! works

[echo kiln]

Now you can say

BOOM

[dawn sierra]

BOOOOOOOOOOM

hahaa

[radiant sinew]

How do you interpret this bro?

[echo kiln]

Trend bias

[radiant sinew]

So this 4hrs chart shows what bias?

[sly escarp]

Question for everyone do u guys just watch the market 24/7 or do u do other things like watch movies while on trades

[dawn sierra]

i play fortnite 24/7 and watch the charts 1 sec 😛

[echo kiln]

I netflix at same time my charts are open next to me

not 24/7

maybe 15/6

and we troll

[sly escarp]

[icy wraith]

How can i chat in rest of the channels?

Crypto chat is disabled for me

[echo kiln]

Subscribing members would have access to all channels

[icy wraith]

Damn, pay to chat

That truly sucks

[echo kiln]

No, you subscribe to the toolkits here and you also have Discord access as well with these subscription plans
https://www.luxalgo.com/#premium-packages

[echo kiln]

Thinking about joining in?

[icy wraith]

Not rn, i am still new in this field

[sly escarp]

Everyone involved with luxalgo makes bank 🤑🤑🤑

[icy wraith]

Anyways, an off topic question about crpyto in this channel

Should i invest in upcoming dogverse coin?

[echo kiln]

no problem, this may help with an overview when you are ready
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=5uti8lRrNUR7-SxS

[echo kiln]

Your choice I suppose

[echo kiln]

[sly escarp]

Gut feeling

[icy wraith]

Gonna wait for it to fall to 0.00000001, ig

Then buy more than billion of it

[echo kiln]

I would go that far, lets ne honest, its a hard game we play.
But for a good amount of us, we are safe

[sly escarp]

That’s a lot of zeros

W

[icy wraith]

That's how shiba was

Just 3 years back

Look at it rn

[split night]

Is it a meme coin?

[sly escarp]

Tbh I don’t even know how I’m profiting it’s pure luck at this point

[icy wraith]

Yes

[split night]

lol

You can make good gains with them if you have good entry and exit

[icy wraith]

Meme coins are actually technically better than bitcoin

Literally become billionaire with just 10k usd investment

[sly escarp]

So your telling me invest 10k and I’ll make it big 🤑🤑🤑

[icy wraith]

Yes

[sly escarp]

Jeff pezos can suck it me next billionaire

[echo kiln]

ok

[icy wraith]

But, I don't think that any meme coin is going way down to 0.00000001 atm or any meme coin with this price tag is releasing anytime soon

[echo kiln]

#🚀crypto-chat

[icy wraith]

Hope it does soon

[echo kiln]

Any forex pairs anyone is watching now?

[sly escarp]

Aud chf

[echo kiln]

not bad

[sly escarp]

🤑🤑🤑 big money

Gbp jpy feels like it’s really reliable tho idky

[echo kiln]

eh

[echo kiln]

LOL

[dawn sierra]

not rly 😛

[sly escarp]

😭

[simple fossil]

How can i buy luxalgo price action indator....text me the steps..

[echo kiln]

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

Essential Plan and higher plans include the Price Action Concepts

[opaque mauve]

Got plenty marked up with alerts but nothing prime for me RN

[simple fossil]

Doyou have only a packahe.can we buy a single indicotors one buy one

[echo kiln]

Yup, gotta wait for your set-ups

[echo kiln]

Im not sure what you mean here

LuxAlgo accepts credit card or PayPal only

[opaque mauve]

I used to trade forex stacks its where I learnt to trade I always found interest rate divergence between pairs worked well.

Used to overlay on my charts and it was a pretty good indicator

[sterile oracle]

its now done dropping

4 hr

[opaque mauve]

I think your revisiting $2364 before the next leg higher

I have an alert set here

[sly escarp]

Chat is this real

[echo kiln]

thank you

[sly escarp]

How much should I aim to make a day on a 1000$ account chat?

When I paper trade I usually put in 400$ each buy/sell is that good

[echo kiln]

If $1000 real money, and this is the ONLY funds you have to put towards trading, I think you are over leveraging with using $400 for one trade. In one trade, either you are going to double your account, or you will completely get wiped out.
Just an opinion here.

[sly escarp]

🤑🤑 butt I could double time to win big

[echo kiln]

sure you can do that too

up to you

[sly escarp]

What if I make a stop loss of 200$

[echo kiln]

up to you, gotta have a plan

[sly escarp]

Ur right as always Mickey thank u

[analog locust]

This is not a GET RICH QUICK business.

[echo kiln]

I’m not rich. Been at this for over 23 years

[sly escarp]

That depends what is rich to u micky

[echo kiln]

In terms of money, I’m not rich

[analog locust]

Me too

Good morning

[sly escarp]

I will get 10k bawa dollar by this month

[analog locust]

Good luck

[echo kiln]

Morning

[analog locust]

Nearly your time to zzzzzzz

[echo kiln]

Yup. Just a few minutes and I’ll be out

[strong snow]

Just woke up 🤣

[radiant sinew]

1-4%

[radiant sinew]

With $1000 account, you should use a fx calc to determine SL, TP and potential losses if the trade goes south. That determines how much im willing to lose on that trade, and indirectly determines my lot size per trade

[green hinge]

Hei, I need luxalgo to make or share a indicator which determine rally base rally, drop base drop, rally base drop, drop base rally setup

[sterile oracle]

Good Morning

lol

I have this... i am scalping upwards by not on downward. meaning heading in direction of LTF

[daring schooner]

I am hero USD bear which is nice because I get to collect the interest daily

[sterile oracle]

news of the day:

my 4h hence going long:

[daring schooner]

Wow mine looks very different

[daring schooner]

Does it look like momentum is failing on your gold?

Choch EU

[sterile oracle]

as I can see the 4h and the 1d are very dominant until the US opens in the donkey direction

I am scalping this route now

there are some pull backs

[dawn sierra]

shall i close it? not rly going as i was hoping. Broke out then retest but not much volume behind it anymore

[sterile oracle]

i think wait

see the 4H

[dawn sierra]

ok thx

true 4h kinda bearish still

[sterile oracle]

this is a pull back you are seeing

ok my 1D

[dawn sierra]

ty mister

[sterile oracle]

this will break it

unless he have news

we*

[dawn sierra]

i was talking about chfjpy 😛

[sterile oracle]

ah sorry

let me take a look

[dawn sierra]

no worries 4h indeed bearish there aswell haha

going for a shower now

[sterile oracle]

its donkeyish.

4hr

camel ended

[dawn sierra]

I wanna short this one so bad but i dont think its wise

[sterile oracle]

i have gone into 30s scalping

XAU is fast

[plucky stag]

today only one good short from 2388

then i didnt do anything

[sterile oracle]

who scalps on 30 seconds?

i am having to ignore some signals

[rough jungle]

ive tried it and got rekt in past

stick to 1m/5m now ha

[plucky stag]

nah 30 sec is garbage

[sterile oracle]

if you go with trend not too heave on lots it can work

[plucky stag]

spread will make you lose

[sterile oracle]

i only exit at 2 dollars

[plucky stag]

if you read 30 sec wrong you will be stuck below 2 dollar range

[sterile oracle]

sometimes 1

i would go on trend of 4 hr

then 15 min

and follow that

and reject everything against trend

[plucky stag]

nah man most people will use 1 min atleast

too much noise on 30

[sterile oracle]

i was doing 1m

[sterile oracle]

noted

altough i can make 30 sec alerts to drive my 1 m scalps

it will show me when to exit

[plucky stag]

you need to realize we are in very dangerous spot in gold atm

people wont risk 30 sec entries

they need strong confirmations

[sterile oracle]

but you can use it as an alert

to help on scalping 1m

[plucky stag]

sure

[sterile oracle]

or 3m

[plucky stag]

try it out but i am not keen on it..why would i use 30 sec when i can just enter right now if i want..

the variance wont be that big anyways

[sterile oracle]

i would 30s to exit

and not to enter

and it would need to be in trend

of ltf

[plucky stag]

how ? if it told you to exit and you lose cuz of spread will you do it ?

[sterile oracle]

no because my rule is take a dollar

but it would warn me

as an alert

[plucky stag]

and price goes against you after that warning ?

you take a bigger loss

[sterile oracle]

i would not

it would tell me there is a pull back

then i would enter and layer

[plucky stag]

if you are layring thats different

[sterile oracle]

i cannot decide either way if inside spread

[plucky stag]

makes it more compiicated

[sterile oracle]

yes... i would agree

but it can create a lot of scalps

the velocity increase is 30%

its like a warning system

a pure scalper has a certain percentage of losses. this may reduce it

you style is 15-3-1

mine is 1D-4H-15-3-1-0.5

[plucky stag]

thats not my style tho xD

I am pure price action and if i am scalping i just look for interesting areas and take trades

[sterile oracle]

ah kindly let me know

so its on candels and wicks and patterns?

[plucky stag]

timeframe doesnt matter

only areas price would interesting for buys and sells

i can take few scalps there and wait for next area

i dont need to hodl or expect a reversal

[sterile oracle]

your pure technical then

[plucky stag]

also wrong

[sterile oracle]

ah so you go with fundamentals

[plucky stag]

yes

[sterile oracle]

basically xau is going up no matter what

and you look for positive moves

[plucky stag]

give me one reason for gold to die and i will be focusing on only shorts

[sterile oracle]

ermmmmm its impossible. XAU combined with printing money...

so you only take longs

[plucky stag]

it doesnt mean i wont take shorts but i wont hodl them like buys

[sterile oracle]

to me a short scalp is very dangerous to hold

on xau

i would need to exit in about 5m

as soon as profit comes

[plucky stag]

for buys even if price goes against me i can hodl cuz it usually retraces to an important area first

then continue selling

[sterile oracle]

yes cyclical

this is why i use a TF pattern

[sly escarp]

Real thugs use hour frame 😎

[sterile oracle]

the issue is on selling you need a trend break

[plucky stag]

right now there is no selling confirmations

in daily or weekly

[sterile oracle]

thugs is that a good or bad thing?

[plucky stag]

you can scalp shorts but they are not confirmed as a trend

[sterile oracle]

agree i am scalping up

[sly escarp]

Both 🤑🤑🤑

[sterile oracle]

that means i cant understand at all

@plucky stag when you scalp against trend you must be very rapid.

[sly escarp]

I just use hour because it feels more comfortable I no like the rush

[plucky stag]

yes

hard tp 20-30 pips and out

[sterile oracle]

i did not take that

i am waiting

[sterile oracle]

its a good approach.

[plucky stag]

there is no right or wrong on which tf you use

[sterile oracle]

agree.

[plucky stag]

if it works with good risk managment you are good

[sterile oracle]

it depends on how you view it and your approach to clicking the mouse button or the phone button.

certain things should align

[sly escarp]

Blue and red button make big win

[sterile oracle]

sounds interesting. you have this blue and red button?

[sly escarp]

Yes I run purely off luck and prayers

Has anyone tested ichimoku theories yet

[fringe sage]

U have to anticipate the move 1 second in Advance for the mouse click to work & connect with exchange servers through your broker

There is heavy slipping during volatile hours

[sly escarp]

oh so your approaching me candle wick

[fringe sage]

I m dependent on scalping to

[sterile oracle]

anyone who has traded can read thease

[sterile oracle]

perhaps consider a different approach. no luck or prayers exist in trading

[sly escarp]

I usually use value gaps which works rlly well

[sterile oracle]

so

how to use this would be in scalping approach is

everything it pulls back go in the 4hr direction.

[sly escarp]

😭

[sterile oracle]

whats up?

[sly escarp]

What am I looking at

[sterile oracle]

so this is me on 30 second entry

but i am staring at a 4h

its giving good entries

double digits take and wait.

who else trades like this?

4h is long

so all i am doing is trading opposite of this chart

[sly escarp]

So u use the 4h to decide what position to take on the 30?

[sterile oracle]

well no

1D first

News.

4HR

1HR

[sly escarp]

News

[sterile oracle]

15M

[sly escarp]

😭 u gotta do all that

[sterile oracle]

or you dont have profit

this is what real scalers do

some are on 1m

[sly escarp]

I still gotta lot to learn but all I do is look at the hour and profit

[sterile oracle]

you must decide you style

1hr is not a style like mine

[sly escarp]

It’s working I ain’t seen red yet so ima keep pushing/evolving it

[sly escarp]

I’m still putting things together

[sterile oracle]

it depends how many trades you can take

and if your working

[sly escarp]

True

[sterile oracle]

then concentrate on work

[sly escarp]

When I do work I won’t have much time to trade quickly so I rather get better at holding positions

I started a paper account at 1000 and entered with 400$ per trade and got all the way up to 5k somehow

[sterile oracle]

what style do you wish. swing or scalper?

[sterile oracle]

consider splippage and spreach

you can also have swaps

[sly escarp]

Which is more reliable for long term?

[sterile oracle]

in long term if you swing trade assume XAU goes up... go slow and take 1hr or so. when the price is bearish wait for it to bottom out and follow the 1D and 4HR charts.

i dont focus on other pairs

[sly escarp]

Ohh ok

I’ll take account

[sterile oracle]

i have created the most insane thing ever.... it involves me doing the opposite on 30s if its against trend of 4HR....

so the assumtion is as long as there no no news to day (not seen on economic calendar)... I just do the opposite

contraian scalping as i remember

[sly escarp]

[strange gulch]

@echo kiln somehow my discord is not working and i am thinking to make new id and then i will join and connect

don,t know but sometime discord account suddenly logout

[sly escarp]

Is xau rlly that good

[sterile oracle]

its my focus and can be dramatic which gives me passion

[sweet bay]

Hello M, what do you use for indicators ?

[sly escarp]

Oooo

[sterile oracle]

I recommend lux is excellent

[sly escarp]

Lux never fails join the lux side

[sterile oracle]

on 30 s

join at 3 mins when lux shows it

[sterile oracle]

xau is going up rigt

right?

[echo kiln]

Yes, have a look at this playlist for an overview of LuxAlgo
@sweet bay @sly escarp

[sterile oracle]

lux is fantastic

the code has been written by those better than me. They have wizzards!

@echo kiln do you teach XAU? I would love to learn

[undone steeple]

What was the name of this indicator?

[sterile oracle]

I use 2 the PAC and the main indicators

its very quick and good

question @echo kiln how do you recommend I make my charts more pretty?

if anyone got messaged i was hacked by the way

[echo kiln]

100% LuxAlgo indicators, thats it

[sterile oracle]

sure

but i have a farm of animals

lux is best

so xau is moving

see

[minor venture]

Oh god how sweet you are

I wish I could be

[sly escarp]

Who got me profit LUX DID

[sterile oracle]

lux did great

[sly escarp]

Other indicators ain’t believed in me but Yk who did LUX DID

7 trades so far no losses

[icy wraith]

after premium purchase do we get any strategies to use of ?

[dawn sierra]

100 of them

[icy wraith]

any promos running

[sly escarp]

Is this real

At least it’s not a blue link

[dawn sierra]

ban @thick lake

[sly escarp]

Bro is not gonna stop

[idle spruce]

I'm afraid that at this moment there's isn't any promo

[blissful leaf]

No promo codes at the moment. But there are some great discounted yearly plans currently
https://www.luxalgo.com/#premium-packages

[echo kiln]

Lets get ready FX gang!

[echo kiln]

nice!!!!!!!!!!!!!!!

[sly escarp]

So your saying I should sell position on eurusd

[inland fog]

evening all ...

[green bluff]

gold is going to make a new HH

[radiant sinew]

Called it. 2405

Kept this running since yesterday.

[green bluff]

Well done ! still running?

[radiant sinew]

Closed 50% now. Theres 2407 on the table and maybe 2413

Driving now but might re analyze in a bit

[radiant sinew]

This was my initial chart

[sterile oracle]

news

[radiant sinew]

What news

[sly escarp]

Big boy money

How much money should one keep in a account

Idky but my fx market is NOT moving no trades

[radiant sinew]

2407 reached.

[green bluff]

what indicator showed you these ob ?

[blissful leaf]

Livestream happening right now: https://discord.com/channels/641770286638694402/1178430832151638077

[green bluff]

gold is on fire

[dawn sierra]

Today we are on fire!

[inland fog]

break pls

bull flag continuation

[noble crag]

Yo

👀

[sly escarp]

No break

How many trades do I need to win to be considered a pro trader

That was an very informative event

[pale hare]

bruh please your indicator settings

[plucky stag]

stop worrying about the number and focus on consistency and risk management.why does it matter if you are pro or not? as long you are profitable

But if you wanna call yourself a pro count how many losses you had not the wins

to be a pro you have to enjoy taking losses

Statistically you will have same number of losses or more than your wins

the only difference is risk management..

if you win more than you lose in terms of acc% you will be profitable

[echo kiln]

Hey there, I actually go over all my template settings in the Live Streams.
I will post the recording of today stream soon.
But here is the link for all the past recordings
#1199356285813006367

[sly escarp]

🤑🤑 ok

[radiant sinew]

Lux algo PAC

[radiant sinew]

If you check the 1D chart, you will see it is mad bearish

[radiant sinew]

Lol, exactly. Who cares if youre noob or a pro? Only your account balance can tell 😁

[inland fog]

bearish if confirm with LL LH - LL LH.. if HH HL ~ HH HL still bullish

[radiant sinew]

Closely looking at the chart. Waiting for an opportunity on low timeframe for a scalp

[dusk yarrow]

what is the GBP plan?

[echo kiln]

Anyone do great on gold today?

[inland fog]

You previously discussed daily, but now intraday for scalp 😅

[radiant sinew]

Daily/4hrs for trend. 1sec to 5mins for entry/exit 🙂

[inland fog]

pls enjoy your plan 😉

[radiant sinew]

The plan seems to be working, I guess 😆😇

[sly escarp]

Leme be like u

[echo kiln]

hmmmmm

interesting look here

Any thoughts?

[sly escarp]

I did NOT close any positions before market closed

[echo kiln]

hmmm, so you will close it come sunday

🙄

[inland fog]

happy weekend..

[sly escarp]

I am NOT happy

[dull edge]

Can u share this template

https://cdn.discordapp.com/attachments/820503524210507786/1241082013855776788/image.png?ex=6648e732&is=664795b2&hm=2f59f3a58f817339e6464983102b45bccbc124b1a51c6caee653c088e11b2305&

[echo kiln]

I actually go over all the settings in the daily Live Streams here #1199356285813006367

Basic PAC chart, also enable color candles

[dull edge]

Ok thank you I will check it out

[zinc isle]

Hi may I have any guidelines for forex day trade / scalping?
I totally new in trading🙏🏽

[echo kiln]

Hey there, have a look at this playlist:
https://youtube.com/playlist?list=PLbqCXsOfrM3NM53V5U9Nf1sgh5gx9yw6F&si=_zaZLdkRaix_-drw

[wooden tapir]

Can see sitting PAC

[echo kiln]

I actually go over all the settings in the daily Live Streams here #1199356285813006367

[thorny atlas]

Crappy Photoshop job

[topaz marsh]

I want to ask a question which software is supported by LuxAlgo where I can backtest strategy using the luxalgo indicators

[dreamy narwhal]

Anything which supports Trading View indicators.

You can of course, manually backtest using Trading View's Replay function @topaz marsh

[topaz marsh]

Yeah but won’t give the statistic for example I use to backtracking my strategy with FX Replay but they not support the LuxAlgo indicators

[dreamy narwhal]

From the quick overview of that tool, it does not support any other Trading View indicators except their own, unfortunately.

[topaz marsh]

I understand. Okay, I will try to manually backtest on TradingView. Don’t get me wrong, but I have a 30K account, and I don’t want to burn it. I want to test the strategy before going live with my account. I use Micky's strategy and got 5 winners out of 6 trades, which is not bad it’s amazing . Thanks for your answer.

[dreamy narwhal]

Knowing the when of your strategy winning/losing is quite critical too. Just some food for thought as you go through your trade recaps.

[topaz marsh]

I am aware that no strategy guarantees future results. The market is always changing. However, if you test a strategy over 6 months or 1 year and it gives you a 60-70% win rate, it is unlikely to be a losing strategy. I work with numbers, and forex often repeats past patterns.

Thank you for the response and the help

[dreamy narwhal]

That was precisely what I meant - recognizing the patterns of when the strategy succeeds is important.

[topaz marsh]

Thank you 🙏

[zealous ruin]

Check this:

There are YouTube videos explaining it.

[echo kiln]

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

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

[zinc isle]

So this YouTube link is faked?

[echo kiln]

The one I posted is real from LuxAlgo

I also posted a reminder about spammers, as they are currently messaging folks about in here.

[kind wasp]

Hey i read that the premium plus package includes automation is this still the case?

[blissful leaf]

please be advised that LuxAlgo does not provide direct support for automation, as this is facilitated through third-party software, and the process varies depending on the program being used. The toolkits can facilitate such automation; however, beyond adjusting settings on the indicators provided by LuxAlgo, we would not be able to provide further advice. This is also the case for any indicator on the TradingView platform. Typically, this can be accomplished through the webhook service provided by TradingView and by inputting the command in the alert box.

[kind wasp]

Oh ok understood. what is the name of the company that provides the third party software for automation?

[blissful leaf]

there is loads, you'll need to search for them on google.

[echo kiln]

Also, have a look here for what you are referring to: https://www.luxalgo.com/backtesting-system

https://youtu.be/BxCAm-n4-5U?si=Qt7sjialMwG6w6xi

[opaque mauve]

What we thinking traders Sell USD rallies!!

[kind wasp]

Might you know of one? I did extensive research on this before and i found softwares automating only crypto and no forex. The only forex one i found was capitalize.ai and they weren’t any good

[blissful leaf]

pineconnector

[still shore]

@echo kiln do you use spread only pricing or core spread + comission on Oanda?

[echo kiln]

Oanda, spread pricing 1-2 pips
Forex.com, raw price (zero spread) + commissions $7/100,000 units

[opaque mauve]

Would make sense, the market pricing in interest rate cuts later on in the year generally means dollar weakness I think selling dollar rallies is a safe bet

[still shore]

Of the 2 which would you say is better? I'm thinking between these 2

[strong snow]

I use FP Markets, xau and EU zero spreads

[shy obsidian]

Hey im new and learning how to trade forex with tradeview

Was interest in luxalgo indicators

Are there any resources for beginnera trading forex

[dreamy narwhal]

You can have a look at the videos here: https://www.luxalgo.com/tutorials#Educational-videos

[echo kiln]

Hard to chose, thats why I have both accounts

[dusk yarrow]

Which is the best where I can trade with 500 leverage? Im from eu. I trade with vantage right now but maybe I will change

[tawny warren]

ic market

[broken river]

Does anywhere here trade in Vix 75

[dusk yarrow]

In european union they are served maximum 30 leverage

[broken river]

My broker allows me till 2000

[faint delta]

Trade with chain markets

[radiant sinew]

Audchf/nzdchf - ready to dump this coming week.

[sly escarp]

What time will market open

Also why did my trade go over my take price and not cancel am I cooked

[echo kiln]

Slippage

Depends on liquidity and the bid and ask price levels, it can and will jump over your order during low volume, market open, etc etc

When the markets close, there are bid and ask limit order scattered, including yours.
When the market opens, there is really no order, per se.
It takes a few seconds or minutes until it settles and balances out...
The risk of holding onto a position through market close...

On the other hand, you may benefit from this as well....

[dusk yarrow]

Which broker?

[tawny warren]

bro what u mean im french im from france i use ic market laverage 500

[tawny warren]

https://www.icmarkets.com/global/en/

XM is good too fp markets and easy markets too

[idle wasp]

You have the link for chain markets?

[echo kiln]

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

[echo kiln]

Not sure, maybe someone in the crypto room can help?

Or better to ask your crypto broker support...

[ivory plaza]

Oh sorry wrong room

[echo kiln]

hey no worries, welcome aboard.
have you looked over the premium toolkits yet?
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=Tg5S0-nF1ORI3-5s

[ivory plaza]

I use Lux algo.

[echo kiln]

So you are a subscriber?

[ivory plaza]

This Algo are amazing, the only thing in trying to get a little bit more profit to enter in the big club

No yet. My profits can't pay it at the moment

[echo kiln]

Ok, then you use the free LuxAlgo indicators?

[ivory plaza]

Y use 3 Lux Algo free indicators with my strategy but I want to learn more

[echo kiln]

Thats great!

[ivory plaza]

I can't write in the chat group is pulling me to forex

[echo kiln]

oh yeah, the crypto room is for subscribers only to write.

You can write in forex and futures room for now.

[sly escarp]

😭 it did NOT close its down by a bit now

[analog locust]

Hi everyone

[ivory plaza]

What do we do with all the friends request that rain into your discord after posting something here? Do we think that some people are pishing new traders or want they to drag people for their own groups?

[lone plume]

Yo is apextraderfunding legit ?

[echo kiln]

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

[echo kiln]

Correct.
You can let me know who has been Dm you.

[runic sable]

When I subscribe to the lowest category indicator, can I access the indicator that shows selling and losing points in Tradencaview?

[echo kiln]

The Signals & Overlays toolkit would be included in the Premium plan, the middle plan and higher.
https://www.luxalgo.com/#premium-packages

[sly escarp]

Get that prem 🤑🤑

[inland fog]

break & new higher high

[sly escarp]

All 3 of my trades are greeen Ty lux 🤑🤑🤑🙏

[echo kiln]

There you go!

[mild seal]

Hello Everyone, what's the Best indicator?

that marks reversal signals

[echo kiln]

Hey there
Signals and Overlays for the win!

https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=ys0L_jk7Bchl44ES

[inland fog]

mad bearish ? 😁

[minor venture]

https://news.bitcoin.com/nigerian-currency-slides-5-after-central-bank-injects-more-than-80-million-into-forex-market/

[radiant sinew]

It is :). 4hrs/8hrs/1D. All I’m looking for is an opportunity to short. Till then, i stay out 🙂

[rough jungle]

slow day today, decided i wont trade mondays anymore

[icy wraith]

For gold till 2400 level again first need to 15min candle close 2432 but still can scalp on 5min timeframe🙂

[echo kiln]

XAU 5m

Morning

👋🏼

4H DXY

[radiant sinew]

👀👀

[radiant sinew]

How do you interpret this? Baffles me. The oscillator looks like bottomed out?

[minor venture]

Currently what positions are opened m

[echo kiln]

many ways.
One interpretation, could be that this 5m is a pullback on a higher TF

Look at a higher TF 4H

maybe?

[radiant sinew]

Does this for instance, shows its peaked?

[rough jungle]

im using white backgrounds now 👀 @echo kiln

[radiant sinew]

Expecting xauusd to bounce at either 2404, 2391 or 2377.

[echo kiln]

OH MY!!!!!!!

Drop Dead

[echo kiln]

Nice numbers you got there 👀

[radiant sinew]

Yeah, just fib retracements. Coincides with EMA and OB

[echo kiln]

Nice

[rough jungle]

i know, been forcing myself to use white backgrounds and now im liking them. Just ordered some new prescription glasses with blue light in too so should be sweet by next week.

[echo kiln]

XAU
1H TF with 1H internal market structures.
Candle colored based on 4H market structures.

[rough jungle]

your streams finally rubbed off on me

[echo kiln]

For me, somehow, the white background has me focusing on market structure much better
weird, huh?

[rough jungle]

i feel like thats the case for most people when looking at PA. I only changed really because i get headaches looking at white backgrounds all day

[echo kiln]

I have a blue light screen cover on my laptop

[rough jungle]

oh ive never heard of them, ill get looking now. My glasses will have blue light in them

[echo kiln]

called anti blue light screen protector

something like that

about $20-60

[rough jungle]

just ordered one whats magnetic too, never knew about them. Nice one haha

[echo kiln]

YEAH, I have the mag one as well

LOL

[heady ginkgo]

Demo?

[rough jungle]

prob ordered it from same place HA

[plucky stag]

good gold scalp from 2414 to 2422

[echo kiln]

Gotta love London and Gold

1m 👀

[echo kiln]

You trading DXy and XAU these days?

[minor venture]

Gold yeah. Sure

DXy didn't

[rough jungle]

this is lovely!

[signal creek]

Hi question for gold which is the best indicator combo

I would dare to come in as only comfirmation sell there

[slender flint]

Hey Micky, I am new here what are your settings on this chart? Greetings from Germany

[echo kiln]

I show my settings in all my live streams.
Im actually starting todays stream in a few minutes
The recordings are posted here #1199356285813006367

[plucky stag]

people always ask the same question what is the best .there is only one answer and that is you. you make decide and risk manage accordingly.your indicators wont make you rich.you make yourself rich by learning and using them only as tools not follow blindly. every single indicator at best will give 50-70% win ratio and you can still have that and lose money if you are nor managing risk

[blissful leaf]

MONDAY VIBES HAPPENING HERE: https://discord.com/channels/641770286638694402/1178430832151638077

[radiant sinew]

Xau 👀

[echo kiln]

Who scalps gold?

Cable?

UC

[lilac glen]

Cable is my pair Micky

[echo kiln]

Nice!!!!!!!

[dusk yarrow]

when gbp goes down? 😄

[echo kiln]

good question

[dusk yarrow]

maybe now. 1.22658 and im happy 😄

[echo kiln]

Who loves trading with market structure and PAC?

[echo kiln]

Let’s see if we can make this happen

[dapper jolt]

Ahhh

Lets seee eur usd mid rangeishhh

Maybe a buy at 1.0830-40

Wonder if this volatility means like 30-40 pip days come july august 😭

[dapper jolt]

Maybe need to look to trade gold

[echo kiln]

Gold does look nice 👍

[idle wasp]

Anyone know any U.S brokers who trade 1:500 leverage other than chain markets?

[echo kiln]

Hard to find, as US regulations only allow up to 1:50

You would need to go offshore at your own risk for anything higher than that

[dawn sierra]

i got into this one. Went to BE now and got a tp1 🙂

[opaque mauve]

Big day of news tomorrow
CAD CPI, GBP CPI, NZD interest rate decision, should be interesting

[echo kiln]

Nice entry on this.
You set a sell limit?

[echo kiln]

Is this daily breakout of this flag pattern?

[bleak elk]

@dawn sierra @dawn sierra money flow profile indicator settings send me bro

[strong snow]

Will see what OB has to say about it

[rough jungle]

Todays news:

[split night]

Good morning fellow LuxAlgonians 🤣

Let’s hope Tuesday brings us a good prosperous day

[daring vale]

May I know if this is still available? Thank you.

#💰share-profits message

@hybrid flax Mind if I ask the strategy that you are using?

[mental sparrow]

Flipped again?

Usd

[slender flint]

Xau 🥰

[dawn sierra]

woking up like this 😄 ❤️

[nocturne stream]

just to mention that the funds dealing with metals, continue to buy gold and are in long position!

and in short positions in silver

[mental sparrow]

Gold trickery

[nocturne stream]

it's a triangle formation. let's see where it breaks through

[proper peak]

Anybody have good idea about best Robo Trading software. So many confusions in strategy?

[fading ruin]

Does anyone here have a promo code for LuxAlgo?

[idle spruce]

hey there, unfortunately any promo codes at the moment. But there are some great discounted yearly plans currently 🙂
https://www.luxalgo.com/#premium-packages

[fading ruin]

thanks

[idle spruce]

you're welcome 😄

[sly egret]

any update new analysing senario on GOLD?

[daring schooner]

That's hilarious. Doing the same today but not normally

[torn willow]

有中文區域嗎

[rough jungle]

您好，很抱歉沒有華人區。 歡迎來到 LuxAlgo

您可以翻譯我們的網站想法https://docs.luxalgo.com/docs/getting-started/introduction，這可能會對您有所幫助。

如有任何疑問，請留言 https://discord.com/channels/641770286638694402/702685056736559124

我們將盡力翻譯並協助您

從這裡開始：-
https://discord.com/channels/641770286638694402/1048529827243761747
https://discord.com/channels/641770286638694402/997901168393068564
https://discord.com/channels/641770286638694402/997901091389841408

使用者策略：-
https://discord.com/channels/641770286638694402/1128499789437354106

我們所有的 YouTube 影片都可以添加中文字幕，也許對您也有幫助

每日直播錄製串流：-
https://discord.com/channels/641770286638694402/1199356285813006367
LuxAlgo 的 Micky 討論了這些指標，讓您深入了解..

• 設定
• 如何使用指標
• 簡單的策略
• 有機會直接現場提問並獲得即時顯示/回复
  -（直播通常在紐約時間上午 10:30-11 點左右）

LuxAlgo 影片播放清單：-
https://www.youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC

[echo kiln]

Who's playing EUR/USD?
It's moving

[dawn sierra]

iam but am in a long

[echo kiln]

Let me close out my short soon, before you get your win on the long

[dawn sierra]

haha i hope 😛

[echo kiln]

mineis just a scalp, small scalp

[dawn sierra]

am not a good scalper

[sly egret]

any idea of gold market now?

[echo kiln]

I just want one more measured move and ill be happy

almost

hollllddddddd

[dawn sierra]

Hodor

[sly egret]

Thank you

[dawn sierra]

no good entries if you ask me

ignore it for now

[echo kiln]

Dam it slowed down before my TP

still holding

[daring schooner]

I caught the top today

Funny it just followed a trend line. Took it before confirmation

[echo kiln]

ohhhhh dang

Why did I place a hard TP on this short?

WHY??

LOL

[rough jungle]

i havent traded this week been playing around paper trading on the 30 second, trying to get consistent on it so i can move onto it LIVE 👀

[echo kiln]

Yes, trying out new TF's

👀

[icy wraith]

EURUSD

[rough jungle]

👀 very tasty! never checked the unusual timeframes like 4 or 6 or 7 lol. Who did i see the other day on like 192 min timeframe LOL

[daring schooner]

I normally scroll thru 10 min, 1,3,4 daily if I'm looking for an entry...I'm try to be lazy. I'd like one or two trades a month which would be holding winners much much longer

.
NASDAQ will open in 15 min. Usually gets things moving

[echo kiln]

Im looking at the 10m bias and 4m entry TF's
Just looking

👀

[rough jungle]

ooo thinking outside of the box always 😛

[echo kiln]

Gotta be one step ahead of those sneaky traders

[daring schooner]

Thanks for The volume NASDAQ

[blissful leaf]

livestream ON RIGHT NOWhttps://discord.com/channels/641770286638694402/1178430832151638077

[plucky stag]

I use 4 tf everday

It is good but you do miss some good entries if you used 3 min but it is overall safer

[green bluff]

4min tf ?

[plucky stag]

Yes

[green bluff]

Why 4min ? Better than 5?

[plucky stag]

Better or not depends on the asset and you

it is not some magic you backtest and see if it fits your strategy

[green bluff]

I'll take a look 🙂
do you switch to 1min for your entries?

[plucky stag]

I use all tf. I am not married to a single tf

entries can be even on 1 hr...depends on what I see

[echo kiln]

Everyone cool here?

🆒

Gold on the dangerous 1m

[green bluff]

did you take some good trades today ?

[plucky stag]

Yeah good day overall

[green bluff]

do you still trade gold when it is very bullish but at the top ?

[plucky stag]

Yeah I even traded it today did both long and short but it takes experience to do that.find good zones to trade and use good risk management

don't fomo

don't short or long in middle of nowhere and always have a plan

don't pick a random top or bottom

If you can't find a setup in gold just find something else to trade

Don't be afraid to be wrong.it is part of the business

[green bluff]

i've taken a short at 29 today and it hit my SL at 33 but I took another one after thaht and could finish today in profit

[plucky stag]

I shorted at 2430 and got out with profit

we both had same trade I just didn't have my sl at 2433

[green bluff]

Yep

[plucky stag]

it is very risky to short gold

[green bluff]

I put my SL just over the bearish fvg on 1h TF but it swept it before the dump

[plucky stag]

I entered slowly after that 2433 sweep and rejection

[green bluff]

should have done that the 1st time

[plucky stag]

always wait for your setup no reason to force trades

if you force trades you will be upset later if you lost

[green bluff]

I'm still learning
how do you spot rejection ?

[plucky stag]

after seeing the same move million times

you have to see millions of these rejections until you finally figure out what works or not

Kinda complicated tbh can't really explain it

It is not like I am right all the time

however if you get a confirmation after a rejection in your opinion then enter the trade and use risk management

you always assume you can be wrong

If you don't accept the loss then you can't accept the win

For me I only exit if I am wrong

then I simply reverse the trade

and make up for the loss

You have to know if you are wrong or the marked simply ripped you off

don't put a sl 30 pips cuz that's what I want

[echo kiln]

Yup

💯

[plucky stag]

The harder you try to predict the worse it will be usually. It is not about self confidence...it is just nobody has 100% confidence where the market will go.you can't see the future but you can take educated guesses

cut your losses early and focus on the good trades

If you want to take risky trades don't use big lots

Well hope that helped.ima go get dinner now. Take care all

[mental sparrow]

Can someone steer me in right direction with the measuring tool on TV? When I try measure a distance on the gold chart it doesn't measure it in pips??

Says bars??

Using the .measuring tool

[green bluff]

thanks for all this precious advices bro !
I'll try to find some tomorrow 🙂
and yes i understood recently about taking the losses. It is really hard but we have to accept it

[still shore]

Does anyone find that using autopilot sensitivity increases false signals massively?

Compared to keying in the optimal sensivity manually

[echo kiln]

Pros and cons for each
Just have to validate the signals based on your analysis.

Every signal on both, have winners and losers.
Its how we filter out these signals and take the highest probability based on our own strategy.

[patent valley]

Got a small alert on this one lol

Thanks lux 🙂

[sly escarp]

Think it’s gonna jump back up

[radiant geyser]

bro

let me talk in crypto chat would be appreciated

[echo kiln]

He there, a few channels are only accessible for subscribing members to chat in

[radiant geyser]

easy

can spit some knowledge though

its ok

[untold patrol]

https://tenor.com/view/nat-20-baldur's-gate-baldur's-gate-3-critical-sucess-gif-14789122616741343796

[signal creek]

No idea buy or sell

[untold patrol]

If you have no idea, best bet is just to not trade it. what pair is that?

[winter ingot]

4

[sly escarp]

Did sell take over

[rough jungle]

Todays news:

[opaque mauve]

GBP CPI will be big this morning.
BOE expecting huge drop in inflation I think way too optimistic could shock market and not be the drop they are looking for cuts could be off the table for June and send GBP higher

[split night]

Okay I dunno what happened

But I woke up this morning and my swing was up massive

I took profit lol

[dreamy narwhal]

GBP CPI news

[split night]

Oh nice

I thought that wasn’t whilst like another hour

[dreamy narwhal]

It was at FF open - and this post also explains quite a bit #💱forex-chat message

[split night]

Oh shit maybe I took profit too early

But it’s still good for me so I’m happy

[dreamy narwhal]

Check HTF for key levels

[split night]

Wasn’t expecting to reach my TP level until end of the week

[dreamy narwhal]

Could have easily gone the other way so good one just the same

[opaque mauve]

CPI was a market shock .4% higher than expected so could mean rate cuts are off the table that’s bullish for the pound

[dusk yarrow]

what is you view about gbp in the next days?

[dusk yarrow]

reverse or go higher?

[split night]

That is true, thanks bro

[opaque mauve]

My mid term fundamental outlook for the pound is still bearish

[low wigeon]

Hi everyone hope all is well any idea how long it will take to have the inductors installed on my tradingviwe?

[strong snow]

Like a hour or two

I hope their technicians are free today

[dreamy narwhal]

It's instant, provided you followed the instructions on your Welcome mail. Just refresh your Trading View by logging out of all browsers and Trading View apps then logging in again. This will load the right permissions to your account. You will see the indicators in the Invite-only section of Trading View.

[low wigeon]

Thanks it worked

[sly escarp]

When I place a trade should I use units or usd risk as the input?

[split night]

I use units or lots as I find them easier to use

But I also use a position calculator which tells me how many lots or units I should buy based on my risk % I have set which is usually 10%

[rough jungle]

Welcome to LuxAlgo, we hope you enjoy the indicators and community that we have to offer

Get started here :-
https://discord.com/channels/641770286638694402/1048529827243761747
https://discord.com/channels/641770286638694402/997901168393068564
https://discord.com/channels/641770286638694402/997901091389841408

User strategies:-
https://discord.com/channels/641770286638694402/1128499789437354106

Daily LIVE recorded streams:-
https://discord.com/channels/641770286638694402/1199356285813006367
LuxAlgo's Micky discusses the indicators, giving you an insight into..

• The settings
• How to use the indicators
• Simple strategies
• Opportunity to ask questions directly LIVE and get shown/ aresponse in real time
• (Streams usually around 10:30-11am NY time)

LuxAlgo Video Playlist:-
https://www.youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC

[sly escarp]

Would u kindly share the name of this specific cal?

[rough jungle]

10% risk per trade :O? mad guy 😛

[split night]

Yeah of my full account

I only have a small account tho

[rough jungle]

id prob try do a 10% trade and get rekt

[split night]

Risk £50 to make £100

[rough jungle]

tbf i used to do that when i first started

[split night]

Bro if I could risk 1% and make bank I would but with my account if I risk 1% I only risk £5 and then the gain would be like £50 but that’s a 1:10 risk/reward and I never get that 🤣

[rough jungle]

but i had to think money is still money even if its a small amount or not haha. Id make £300 accounts when i first started and would be thinking sod it lets risk £40 per trade its only '40' haha but its the psychology behind it what messed me up

[rough jungle]

yeah my thoughts exactly. £3 on a £300 account wasnt going to get me to quit my job anytime soon LOL

[split night]

Once I’m really consistent I’ll go for a prop account

But I’m not ready for that yet

[radiant sinew]

I will start looking for opportunities to long xauusd. It will be a massive long

[rough jungle]

thats a great way, most people just dive into a prop account and then blow challenges

[split night]

I’m only getting a 50-60% monthly win rate atm which isn’t as high as I’d like and my wins aren’t as high as I’d like yet either

[rough jungle]

i have a mate whos blown about 8k on challenges

he even got a loan out to get a 400k challenge and blew it

[split night]

Yeah I ain’t ready for that yet haha

Wow

May as well get a credit card and buy a holiday with it

[rough jungle]

and he fluked one challenge and passed and blew it before he got a payout

[split night]

Great financial advice 🤣🤣

[rough jungle]

i told him to stop lol but hes adament he'll be funded but his psychology just isnt there

[split night]

Yeah I haven’t got the psychology yet

One problem I’m facing is I can’t let my winners run, I’m getting fear of losing the current gains and cashing out too early

[rough jungle]

he wont keep the account even if he does pass. Even my psychology gets me now and again, greed is a big one for me

everyone has them fears

[split night]

Sometimes it’s a blessing cos I’ve guessed right and sometimes I see it go on for literally loads more gains and I miss out

[rough jungle]

i read a good book like 2 times on psychology and even listened to it once too

in regards to trading

let me find it for you

[split night]

What was it called?

I’ve read trading in the zone by mark douglas

That was good tbf

[rough jungle]

thats it

the audible is good too if you dont have time to read

[split night]

He spoke about how someone meets a dog and they are attacked they’ll be afraid of future dogs even if they are the most soppy loveable puppies. And it’s the same with trading, one bad trade can make you fearful of future trades

That stuck with me

[split night]

I’ll have to check it out, is it on Spotify audiobooks?

[rough jungle]

i got a new book in duty free last week on holiday and read it whilst i was there called 'the trading game, confessions by gary stevenson'

not sure i use audible from amazon

[split night]

Let me see

[rough jungle]

ill have to read trading in the zone, ill get it ordered now

[rough jungle]

this one is by a council estate kid who goes on to become the biggest earner for citibank in canary warf. The tales he tells in the book and the trading floor is mad, i really enjoyed the read tbf

[split night]

It is good tbh

[split night]

Yeah I’ll have to order it because I don’t think it’s on Spotify, they’ve got a podcast with same thing but it’s not the book

[rough jungle]

just checked my library and ive got trading in the zone in my library but havent listened to it lol

got like 60 audible books in there what i need to get through

[split night]

Give it a go it’s decent

[rough jungle]

ill whack it on this weekend whilst backtesting

[split night]

It’s very psychology based

[rough jungle]

all my books are self growth/psychology books really

[split night]

I think he talks about how basically in theory for patterns to come up again and work they would require every single trader performing in the exacr same trade at the same time etc

But that might have been another technical analysis one I listened to, I saw his point tbf but I don’t believe that TA is garbage based on that fact

I guess that’s why some people prefer fundamentals

[rough jungle]

i prefer patterns, once you recognise them, they happen over and over again on all charts and timeframes

[split night]

Yeah I prefer TA over fundamental

[rough jungle]

100%

[plucky stag]

You can't ignore fundementals
Else you would be trading every news event and not care

[split night]

But the guy was saying that for a pattern to occur and breakout in the way it does, for it to happen would require the exact same traders trading the exact same way

Otherwise it’s a new pattern theoretically

[split night]

Yeah I try to avoid some news and trade around it tho, with fundamental analysis as well I kind of meant more looking at stocks and the P/E, P/R etc

Like balance sheet stuff

[plucky stag]

Stocks are fundamental based. It doesn't matter what pattern you see if it is not supported fundementals.you can have a stock go down for years with zero recovery