💱forex-chat

[split night]

Yeah absolutely, for me at the time I weighed up this decision and because I had some profit still, I thought I was going to grab that last bit and then call it a day

But I’d taken a lot of partials by then that the last bit of profit was not much so I just snapped it up before it could BE and then went to my wretched job lol

[sharp glade]

Good morning ! How today about XAU ?

[sterile oracle]

as you work, you possibly have to withstand swinging. This will mean you must create good setups. If you are on screen you can adapt. But while working you have to trust your strategy. This can actually help your returns as you dont over think.

[split night]

Yeah luckily my work doesn’t really effect my ability to trade

Like yesterday I’d been in that trade a long time before I had to close it

As for swings, I apply the set and forget mentality so I know that when I enter them I don’t need to monitor them as much

[sterile oracle]

thats perfect

once your SL is hit. simply have a tea or coffee. and accept.

then try to work out why it was hit

then adapt approach for next trades

[split night]

My swing for this week already hit the SL

I know why

Bad news for USD

I expected good news

[sterile oracle]

I am Six sigma. and its a circular approach that can be applied not only to logistics or manufacturing. It can be applied to all.

[split night]

Wasn’t bad enough to completely ruin USD but the drawdown took me out

[sterile oracle]

accept the loss..

[split night]

Yeah I did

[sterile oracle]

in your mind you have now reset.

[split night]

I already made it back now

[sterile oracle]

perfect

remain optimistic.

[split night]

For this month now I am about even

But it is only 5 days into June

[sterile oracle]

so its just starting

[split night]

Yeah

[sterile oracle]

this is how traders function

[split night]

But like 2 days ago I was down lol

[sterile oracle]

when you are down.... accept it.

then decide what you will do.

[split night]

It’s not a problem for me, I’ve said I aspire to blow every account possible on a consistent basis 🤣🤣🤣

[sterile oracle]

errrr

lol

[split night]

🤣🤣🤣

If you think like this it will not hurt

[sterile oracle]

just record why each blow out happened.

then maybe you are not blowing them.

[split night]

You will only smile when you see the account blown like a firecracker

[sterile oracle]

yes or you work out the exact reason as to why

and adapt

[split night]

I’m being sarcastic lol

[sterile oracle]

ha ha

[split night]

Everyone’s goal is to be profitable trader

My goal is to go down in history as the worst

[sterile oracle]

thats sarcasm also lol

there are some of the greatest traders in hisotry and everyone loses

then they win

[split night]

Yeah lol

[sterile oracle]

its a tough career.

when you have family its distracting.

[split night]

It shapes character haha

[sterile oracle]

traders are a different breed.

but it can be a great reward.

what trading does to your mind is this: it can grow your ego to crazy levels. It can also make you dark and sad.

[split night]

I want both, a dark egomaniac

lol

[sterile oracle]

errr thats the joker from batman?

[split night]

Yeah and when I make millions I will set it all on fire

[sterile oracle]

yes i remember the movie

it was excellent

[split night]

It is the best Batman

Heath ledger

[sterile oracle]

agree

he was a hell of an actor. method actor.

[split night]

Yeah he was

[sterile oracle]

🙂

btw method actors are basically insane.

[foggy warren]

That is why you need to try order way

[sterile oracle]

whats up why is XAU doing this? XAU 15M.

2328

[radiant sinew]

Discount & premium zone is nice tbh. Once built a strategy around it. If you go to the data window, you can see where prices will react especially on different timeframes. Premium bottom/eql top, bottom, discount top - worked wonders then. The only issue is - it differs based on timeframe. Premium bottom on 15mins could be 1% higher in value than premium bottom on 1hr.

[opaque mauve]

FX traders Might be worth having GBPNZD long on your list just crossing a weekly 50% fib nothing to go on yet but one to have on radar if we get rejection at 618 weekly will be significant support

[radiant sinew]

The most interesting part of it is seeing people sell signals. If a trader was so good, theyll end up taking hundreds of $$$ in loans and just compound, as against selling signals for $50-$100 😀

[dawn sierra]

2 hit profits and 1 new trade for me

also my btc trade which is running in good profits 😄

[rough jungle]

I always think this now, if your a successful trader - You don't need to be selling signals to make additional money, the money you earn from trading is more than enough to provide you with a comfortable income.

[rough jungle]

Great work

[edgy berry]

I know I’m watching this as well but I think we will go down soon

[dawn sierra]

ty sire

[sharp glade]

EURUSD SHORT ? Break trend line

[dawn sierra]

i am in a short yes

[rough jungle]

Personally id wait for a break and then a re-test and rejection of the trend line before considering a short - Just from viewing your chart

I'd also be looking at stacking up confluences for your short bias, not just a Trendline Break

[restive narwhal]

@sharp glade have you taken a look at higher time frame too? Also, beware Non Farm Payroll tomorrow which can skew USD (and others)

[radiant sinew]

💯. If I see a trader selling signals, there's an 8 out of 10 chance the signals don't work. The only way they're making money is not through trading, but from the money they get from selling the signals.

[rough jungle]

literally or relying on sign up bonuses from IBs too. There is no way you need additional income if you're a successful trader.

[quick wing]

Hi, I'm new here 🖐️ currently using the smart money concept (free indictor) which is great for confluence but any paid indictors any of you would recommend- I can some of you have a few?

[rough jungle]

Hey! How are you?

We offer a Price Action Concepts indicator which is the paid version of the indicator your currently using (Smart Money Concepts).

Also offer a number of other indicators too such as Signals&Overlays, Oscillator Matrix, (PAC/S&O/OSC) screeners and Backtesting System indicators to work with our premium indicators.

All our packages and price plans can be found here: https://www.luxalgo.com/#premium-packages

Here is a video what describes our three premium indicators and using them to find your set up: https://www.youtube.com/watch?v=jOamxUcNYEg

You can check out our Youtube channel for a lot more videos on the indicators we provide too: https://www.youtube.com/@LuxAlgo

[split night]

Yeah absolutely, but when you do get the zones line up on every time frame its beautiful

only had it happen once so far for me on the NZD

5min 15 min and 30 min all had the same discount zone lol

but what i also noticed is that an order block can make a good area

so if the discount or premium zone is on an order block, its more confluence

Usually you might have a weak low or high that will become a strong low or high when they reach an order block on a higher time frame

I might be completely wrong here, but for me this is what i aim for

if the zones are different for different time frames

ill also look for candlestick patterns before the market structure to maximise gains

[radiant sinew]

Makes sense.

[edgy berry]

Can you explain what this is mean and what to expect when I see this on my chart please?

[bitter bloom]

it simply show a wick

[edgy berry]

I know lol but why this one is highlighted not others is that mean that only big one I just trying to understand

[rough jungle]

Hi, what your seeing on your chart is Liquidity Grabs element within the PAC indicator

[bitter bloom]

it simply means bears pressure on this side . and appropriate term is called liquidity grab

[edgy berry]

Thank you so much now I understand ☺️👌

[rough jungle]

no worries buddy

[quick wing]

I'm good thank you, hope your good too!

Thank you for that @rough jungle I will have a look into this

[radiant sinew]

Some trades im looking at (in order of certainty)

EURNZD long (10)
EURCHF long (9)
NZDCAD short (8)
CADCHF long (7)
AUDNZD long (7)
AUDCHF long (6)

[rough jungle]

I'm not too bad thanks, just currently monitoring my EU trade and you're welcome!

[heady ginkgo]

Are you long or short? How’s it going? Funded account still doing well?

[rough jungle]

Short from 08749 and yeah mate, no complaints.

[stray cypress]

what u guys do with news close trade ?

[quick wing]

I was looking at CADCHF too but missed my entry 65000 range got some CAD news later

[rough jungle]

yeah i tend too as ive experienced slippage in the past

news still to come today

[dawn sierra]

i leave them open....yolo 😉

[rough jungle]

fearless

[dawn sierra]

i dont scalp so i think the risk is lower to leave them open

[rough jungle]

Thats true tbf, i intra day trade or some call it scalping so trading around news is a no go for me

[strong snow]

That's liquidity grab.

[opaque mauve]

Dam this flew right on the button and missed it

Would be a real easy 50pips

[strong snow]

Gtfo

[plucky stag]

scalping gold short atm kinda risky tbh but got a 10 pip sl xD

[idle spruce]

[strong snow]

😂😂😂😂

loll why are they so big

No tolerance for scammers 😎

[idle spruce]

right, they don't know what they lose

[noble crag]

👀

[plucky stag]

wow short is working

lets go bois

🔥

nice good dump

well booked 40 pips

[noble crag]

News 🗞️ incoming in 15min

SL might not be respected, Trade with Caution ⚠️

[echo kiln]

XAU Gold still stuck here on 4H

[noble crag]

Let NFP pump it 🤐

🤫

[edgy berry]

Exactly it makes me to feel tired watching this 😂

[noble crag]

It always like that before NFP

Just see how the smart money moves the market

[green bluff]

it's gonna be dirty

[echo kiln]

Exhausting

[radiant sinew]

CAD news 1hr 30 mins from now

[echo kiln]

London be good

[dawn sierra]

the new trade is going fineeeeeee

[heady ginkgo]

Did you enter eurnzd?

[rough jungle]

Will close both before news

news in 5 mins

[radiant sinew]

Nah. Nzdcad and waiting on wti

Im doing a swing short on nzdcad

[radiant sinew]

Crude oil news in 5mins 😅

[heady ginkgo]

Anyone else’s servers gone into meltdown?

[rough jungle]

very nice trade!

[rough jungle]

ive not noticed anything

Mickys daily LIVE stream happening NOW! 🔥 https://discord.com/channels/641770286638694402/1178430832151638077

[radiant sinew]

Shared this yesterday for nzdcad. Got my entries already. Short entry triggered on 30mins tf

[radiant sinew]

Wti new lows before final pump

[waxen wigeon]

@echo kiln am searching for any explanation about trend reversal or contrarians
I try one strategy but it doesn’t work fine

[echo kiln]

Here are some docs that go over the different signal settings, including Contrarian.
You would need to optimize any strategy you find, to your trading style and goals, because that same strategy and results, may be great for one trader, but in your opinion, may not be. We all have different views and opinions on the same performance data of any one strategy.

Hope this makes sense.

[sly escarp]

@echo kiln do u gotta have 25k to make dozens of trades in forex or no?

[echo kiln]

Nope, you can trade as little as $100
FX is good in this sense, because you can trade the number of units per lot.
There are 100,000 units in one lot.
You can trade 1,000 units, or 100 units.

[sly escarp]

W

[sly escarp]

So say I could make 100 trades a day and be fine

[daring schooner]

I'm in EU short. A lot of USD pairs have crossed the 50 on higher TF RSI. For me even though it looks like EU lost momentum just being on the other side momentum or rather institutions that trade higher TFs might carry this bear further. I don't like how it went to 1.08550 then up to 1.08650 a lot of times bearbull changes hands with a rocket candle.
The daily sentiment is still bull however so...I'll sit on my hands

[echo kiln]

In theory, sure

[echo kiln]

I just posted this in the BackTesting channels.
But though this would be good to post here as well, for those watching the DXY

Think about this and your manual strategy.
This is a higher TF structure trend bias
ChoCh switches
Exit on entry
Stats since 1969

• What can this do for your manual market structure strategy, and FX?

[echo kiln]

In hindsite, easy day?

[patent valley]

Yea little bit better today

[opaque mauve]

Any luck ?

[rough jungle]

Has anyone ever heard of people using a negative RRR? (IE: higher sl than tp but a high win rate so its profitable?) 🤣

[sly escarp]

I’m 99% profitable

[rough jungle]

share your knowledge and strategy? 👀

[analog locust]

Hey Hey, How was your day, everyone?

[rough jungle]

Whats your reasons for entry (where you've placed your short trade)?

[topaz marsh]

That’s the second trade. The first trade I entered on the second candle from the signal. Then, when I saw the retest, I entered the second trade there. I usually use this strategy: placing two trades with a risk of 0.5%. Right now, it could be a 4:1 ratio, but I cashed out at a 1:1.5 ratio.

[rough jungle]

profit is profit though 🔥

[topaz marsh]

Like this

[frosty hill]

Can anyone pls help new luxalgo user Best setting for singals and overlays for forex and gold

[echo kiln]

#🚀crypto-chat message
#💬hangout message

[radiant sinew]

It works for bots tbh. I had an insane winrate trading crypto with that. I only needed 0.5% movement for tp and 2% movement for SL. But the trick was to also dca - so 3 dca entries, eventually the 2% SL becomes only 0.5% once it averages out

[silent eagle]

I've made my first profit on forex

Last night î shorted USDJPY

[mental sparrow]

Gold will sink surely

[hallow bluff]

Yooo hope y’all are ready for the upcoming NFP

[edgy berry]

Just watching gold after nice move during night

[sterile oracle]

I would not cope with a 1 hr chart....5m maybe

[rough jungle]

todays news

[sterile oracle]

very euro dominated.

[opaque mauve]

What’s good traders what’s on your radar today ECB rate decision 🇪🇺😬

Im still long GER30 ie DAX but looking to hedge into today

[wary orchid]

short eurusd ?

[opaque mauve]

So we are expecting a cut, 95% priced in but if they signal further cuts in there speech you should expect to see euro selllers. However if it’s a one and done approach I would expect that to be supportive for the euro.

I imagine they will spin the same yarn “we will let the data guide us 🙄” on future rate decisions

You never quite know how the market will take it though so be cautious

If you held a gun to my head with recent data ticking up throughout the eurozone I would expect ECB to be more cautious with a one and done and we could see euro buyers I would hedge positions or cut them loose personally very difficult to call

[silent eagle]

why short eurusd?

[wary orchid]

basic economical thinking....

[radiant sinew]

What other tickers do you trade

I remember sharing this for silver the other day. Its really dumped

Swing setup for days is what i really want to focus on

Good idea. It should get to 2343

[silent eagle]

2300?

[sterile oracle]

xau.. 4 hr

15 m

so wait on 5m

its turning

many thanks.

my fruit shows the break.

[hallow bluff]

Why not the opposite

Touches the break out zone most likely for a long

Anyways gold do violate trends

So let’s just wait and see

[stray bone]

Hello M, please share your trading experience on XAUUSD (GOLD) using premium indicators. What is the accuracy level on M1, M3, M5 time frame for scalping/ intraday trading?

[opaque mauve]

Silver was a great trade out too early really but was nice while it lasted 😎

[radiant sinew]

Nice setup. Trades like this are best if entered from 2374-2368 max, atleast for me. Any entry below that, you just panic.

[radiant sinew]

Its still on bro.

[opaque mauve]

I trade anything really as long as it meets my rules I would be happy to trade it so I literally scour every ticker I can once in the morning once at night mark everything up and set alerts. If alert goes off top down approach

Mainly FX indices commodities crypto

[opaque mauve]

Your right but A1 I have missed

A1 entry

[opaque mauve]

If fundamentals in play then I would be a bit more aggressive with position size

I’ve had a good week so far but what’s really done me is the entry long on crude

I missed

[restive narwhal]

how long does that take?! Would love to see an example or 2 of your markups. I'm still getting to grips with alerts too but early days

[opaque mauve]

Usually around 2hrs in the morning 2hrs in the evening I’m adding to the charts each day, as the previous days trading has unfolded. I do send quick posts of my entries but I can share some charts for sure 👍🏻

I like FTSE100 long RN but I missed the bloody A1 entry just watching it go now

Day job gets in the way most of the time

[restive narwhal]

personally, I see silver heading towards the 0.382 fib and likely to long based on RSI bull (5 min chart) and the bears seem to be losing traction. I'd say you've marked up a double bottom and spotted a retraction to a level of support which was a level of resistance. Also, overall market sentiment is long for various reason including a shortage in silver

[restive narwhal]

missed that too but I'm hoping I caught FRA40 in time. Seeing some charts would be great! I used to try to analyse them all but yeah, was taking 2 hours. I've cut down to GBP pairs, some indices, XAU, XAG and XPT

[opaque mauve]

Yea bro it takes a lot of time and effort discretionary manual trading

[radiant sinew]

Niceee. So ive got all my tickers here and built a screener around it for both the tickers and inverse i.e. ticker could be eurcad but inverse is cadeur. I always analyze both. This is my screener for this week

[radiant sinew]

Eurnzd long setup

[silent eagle]

what timeframe?

[opaque mauve]

That’s the smart way to do it 😆

[opaque mauve]

NZD strong fundamentals probably the best but bearish sentiment today

[radiant sinew]

Yes, its the inverse. So nzdcad short, eurnzd long. Those are two inverse setups

ECB news in 9mins, CAD news in 24 mins

[opaque mauve]

Holding GER30 through it euro growth still ticking up

We shall see 😬

[radiant sinew]

Longing or shorting?

[opaque mauve]

I’m long

VWAP cross at 18,492

[radiant sinew]

Nice eurnzd green dildo

[echo kiln]

This was the dangerous 1 minute

[sterile oracle]

on gold, you must be patient and know when to trade

the gut is XAU goes up

but we wait

[echo kiln]

4H XAU

[radiant sinew]

Hmmn, it peaked at 18,939. More like a short than long. Price action started 18th april

[radiant sinew]

Eurnzd.

[opaque mauve]

Was a 1.6R trade im out now ECB hawkish tone

[opaque mauve]

Amazing how we can all see something different that’s the point though otherwise there would be no market

[daring schooner]

I need a good book of how to deal with the emotions during trading. I've gotten good at trading but not at handling the emotions. The drugs and alcohol stopped working. IM JOKING OF COURSE. Laughing helps 🤣. I'm 7/8 positive weeks and one neutral. I'm at 18 percent this week and it all just seems like scalping. I'm a swing trader so that's not my style.

[vapid galleon]

what is a hodl play? sorry i dont know

[idle spruce]

I think it's a term popularized in the crypto community, referring to the strategy of holding onto an asset through market volatility rather than selling, but i'm not sure lol

[rough jungle]

Hodl translate to 'hold on for dear life' basically meaning buy and hold indefinitely as @idle spruce said

[idle spruce]

that's a funny term 🤣

[echo kiln]

Sounds like you know what you need to do being grounded.
Takes time.
For me, the actual point I gt my emotions in check, is when I didn't care.
When I didnt care about losing, thats when it clicked.
Losing is a part of this business, so I have to expect this, and part of paying the bills to run this business.

[rough jungle]

Did you ever look into the book I recommended a week or two ago to @split night. It's called 'The Mental Game of Trading' by Jared Tendler - it really helped me with my emotions and psychology in terms of trading

[daring schooner]

Looks like I started listening to it then stopped for whatever reason. I have 9 hrs left. I'll start it again today. Thanks

[daring schooner]

Thanks Micky

[vapid galleon]

thank you, no wonder I didnt know, I dont follow crypto community. but i want too soon

[vapid galleon]

ok thank you, i still need to learn

[daring schooner]

The best looser wins was the book that made me consistently profitable btw @rough jungle

[echo kiln]

Your welcome

[cedar glacier]

Do u stick to ur set-up?

If i trade, and example, it starts to go negative. Do u hold it and believe in ur set-up or will u close it immediately?

[echo kiln]

Your set-up should include, when you should be closing out the position.
A plan to get out.
If no plan to exit, then it's just hoping and praying, bag holding.
Just my opinion...

[rough jungle]

I got that audible book when you mentioned it, havent listened to it yet. Will put it on when im walking gym this evening

[cedar glacier]

I am inexperienced but always have SL. What i mean was, will you wait for SL to be hit? Or will u exit early?

[echo kiln]

For me, the SL is my exit, if the SL is not hit, why would I exit?

The SL is a loss that I am willing to take.

Controlling the emotions....

[cedar glacier]

Ive read somewhere to cut losses early. so im not sure if i should wait for sl to hit or exit early

[echo kiln]

This is where you need to create a complete plan for your trading style.
Either way works, you just need to find your way....

[daring schooner]

It makes dollars, not cents

No idea what your referring to but it's the wrong room.
My return is 2.42 on my investment in 7 weeks. Options can move while the market is closed. Seems volatile enough.

[echo kiln]

👀

[daring schooner]

You need the crypto room and the gullible people lol

[echo kiln]

Thats cool, not everyone trades on margins and vice versa.
Different people, different trading styles.
Have you looked at trading stocks then, no margins, just need the funds in your account.
You can ask around other traders about trading stocks without a margin account here #📈futures-stocks-chat

[rough jungle]

Mickys streaming LIVE right now!

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

[heady ginkgo]

Bye bye gold 🌙

[heady ginkgo]

Rotten fruit?

[hallow bluff]

Maybe e broke even

[echo kiln]

Everyone sleeping here?

[radiant sinew]

Would have been in mad profit if i still held this. $us30 . Worked out according to plan

[delicate geode]

some XAU idea ?

[radiant sinew]

It broke previous high, should get to 2404 , 2409. If it breaks above that then 2419-2430 max. Ill only be looking to short from there. No xau for now for me - as this is a setup midway.

[delicate geode]

thanks for comment

why you trying find short only ?

[radiant sinew]

Either you long from the bottom or short from the top. Right now, there’s a reaction from the golden pocket fib. This is on 30mins tf. To determine next move, ill have to zoom into smaller timeframes, not worth the stress. So ill sit this out.

[echo kiln]

Where are the Gold addicts?

[hallow bluff]

We taking some nap lol

[sterile oracle]

busy day

[sterile oracle]

yes it turned up

[quick wing]

Hey which Fibonacci tool are you using, your chart looks so clean, is the LuxAlgo one?

[vocal drum]

give me price action script luxalgo

[dawn sierra]

give me 5 million dollars

[sterile oracle]

but dollars are wothless.

[dawn sierra]

give 5 millions on bitcoins

[sterile oracle]

errr well thats a diffrerent question 🙂

btc will increase.

but its following the same i saw on last halving

[opaque mauve]

How many here trade prop accounts

Considering giving it a crack

[echo kiln]

Not me

[radiant sinew]

Default one on TV

[heady ginkgo]

I’m 1/2 way through completing one taking it slow and steady. A few said high risk don’t waste time but I want to start as I mean to go on…

Ftmo

[opaque mauve]

Yes I have heard FTMO seem to be the best around around $1000 for the challenge right

[heady ginkgo]

Hopefully another 2 weeks will have the pass. Then get lux algo premium make some money!!!!

[opaque mauve]

How much do you need to make ?

[heady ginkgo]

2k to pass

I’m half way there

Fingers crossed 🤞

[opaque mauve]

Just need to get to 2k with what account size is that

[heady ginkgo]

20k

[opaque mauve]

Ok cool I will get over there now and check it out

[heady ginkgo]

I know some who do well it’s all virtual make money internally from others losing challenges

I would oreofwe not to take the prop firm route but don’t have 20k spare

[quick wing]

Thank you 👍

[opaque mauve]

I’ve just took on the trial first then give go in for the challenge

[heady ginkgo]

I passed that in a few days. But feel eve challenge different as paid for it not a massive amount but taking it seriously

[radiant sinew]

10secs timeframe 😁😀 quick scalp, tight sl, exit at 2360. Itchy finger trade. Low probability trade 😁😀

[echo kiln]

10s?

👀

[opaque mauve]

Hmmm GBPCAD looks ripe for shorting

[radiant sinew]

😁😁

[delicate geode]

I catch your 2317. from 2317-2307 long and still hold

[radiant sinew]

Niceee.

[sinful gorge]

What about the gold now, in short term. An insight. bullying §

[radiant sinew]

Theres always a range - but a lot of intraday trades in between. Most people try to catch that and end up not being profitable. Trick is to always figure out the range.

[echo kiln]

[radiant sinew]

There is 2400+ on the line, but there’s <2300 also. Whatever we are trading in between is just choppiness. Could be lucky, or not 😄

[echo kiln]

@radiant sinew How are your spreads and fills with these second charts?

[delicate geode]

correct , i try find some good support for for new buy for tomorrow , I love volatile news with ultra small position , yeah <2300 is still in my eyes but not before i will see new ath , and fed can do nothing with this 😄

[daring schooner]

If EU stays below 1.08943 we might have a bear setup. It's spread out

[radiant sinew]

I enter at market price, mostly do seconds analysis for scalps with tight SLs.

What i realized over time is - whatever you analyze on 1hr or 4hr or whatever timeframe, the price action for that started in seconds. Then minutes. Then hours. Then days.

[echo kiln]

Yup, it all starts from the smallest of smallest TF, all relative.
Markets are fractals on any TF

[radiant sinew]

Classic example. I built the below indicator based of ema with smoothed lines crossing on multiple timeframes. Ema cross on 1sec and 5sec alone gave 800 pips (2373 to 2365), you can see the below table changing. That trade barely even got to 10secs timeframe.

[neon ore]

@chiefredneck7 now do u sell this to discord members like someone?

[radiant sinew]

No sales here bro. There are tons of free ema indicators out there which you can add as a confluence to your lux algo pack

[near hawk]

Trading the 10s timeframe will age you 10+ years in a month lol

[neon ore]

Nice bro

[delicate geode]

Sometimes I wish I could draw EMA and MA and have them modeled to see how the patterns would look. I will get more into it.

[neon ore]

I have seeen many people just come here to sell there shitty softwares after promoting them

[radiant sinew]

Lol, as a standalone timeframe yes. However, your 1hr/4hr trade setup started on seconds timeframe 🙂

[near hawk]

Sure. In that case I prefer to set and forget
. I can't see myself staring at the 10s tf to follow my trade lmao

That's quite interesting

It goes up and down before you can even draw a line lol

[echo kiln]

Gold just stuck

isnt everything stuck past few days?

[neon ore]

Is forcester still bullish?

[radiant sinew]

That order block with the price action, is the peak 2383?

[fervent vector]

Anyone able to help me understand price action concepts

[heady ginkgo]

Can’t help yourself. Said not long ago looking to short from 2430 haha itchy trigger finger

[daring schooner]

I hadn't associated it with day but did definitely noticed the other. Good catch

[echo kiln]

Here is a great playlist that gives an overview of the premium toolkits, including Price Action Concepts
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=krO13zfmw7p4OPBu

[sterile oracle]

10s.. may god rest your soul.

tose are candels inside of my own

30s i can do

there is a pull back

but note the 4hr

time is everything

🙂

[daring schooner]

I could feel the wind in that one

[near hawk]

30s yeah I have used that one. When looking for FVG bounce setups for example. But I don't do that anymore I stay on the 15m I have been more consistently profitable there

[daring schooner]

I went from 10 to 15 today. Was getting tired of the false breakouts and to many alerts.

[echo kiln]

Last few days it has been tough on lower TF’s

[opaque mauve]

GBPCAD Short let’s go

[echo kiln]

DXY vs XAU

[daring schooner]

I keep getting false signals. If I'm being honest I think they rotate TFs to keep us guessing. Doesn't matter. Losers close and winners hold lol

To be fair though check out the weekly. We've only moved 7 pips @echo kiln

[echo kiln]

Yeah

Days like this, convinces me to stick with higher TF structures, LOL

[restive narwhal]

Yup but not passed first challenge yet, keep screwing up / missing trades

[opaque mauve]

With FTMO

[analog locust]

Knock Knock. Anybody home?

[echo kiln]

Who’s there?

[analog locust]

AUDCHF

[echo kiln]

Are you thinking something like this?

[analog locust]

Yep

[sly escarp]

I only trade gold now

[echo kiln]

I may set the bracket for this. Unless I find another better structure on something else

[radiant sinew]

NFP news 8hrs from now. Best to sit out on new trades for gold till then

[golden thunder]

morning everyone

[restive narwhal]

FTUK but I've heard good things about FTMO

[analog locust]

Good

[restive narwhal]

Non trade day for me, been burnt by NFP before. How badly does it hit higher time frames (1h and above)?

I'm spending the day on the allotment. Should be sunny, top up the tan too

[echo kiln]

The higher the TF, the less it affects it. But there’s give and take. Pros and cons

[fierce pebble]

what should we do to give some strategy for our primume indicator

any source for learning?

[echo kiln]

Welcome aboard 👋🏼
Browse around and don't forget about these channels that will help you get started here:
#🧠core-lessons
#📈must-watch
#1199356285813006367
#1128499789437354106

[limber path]

Is there a strategy that works in overbought and oversold zones?

[limber path]

What settings you are applying for gold trading?

[limber path]

What are settings you are using here?

[daring schooner]

Last time I remember a market like tonight EU there was a SL hunt of 20 pips and then the correct movement. Be extremely careful today.

Re news 5 hours

[rough jungle]

whats everyone eyeing up today

[opaque mauve]

AUDNZD pulling back nicely can we join the next leg of the downtrend fundamentals in play aswell for a sell bias alerts set within a 60pip range for possible entries between 1.0790-1.0840

Maybe not today but early next week

NZD has some weak sentiment and PT but still the strongest mid term of all currencies

The trend maybe too strong though and we don’t get the pullback we need

[green bluff]

maxi gold dump

[radiant sinew]

Patience. Patience.

[green bluff]

it did not hit your SL when it cross 2388 ?

[radiant sinew]

Nah. I was expecting a short and a reaction at 2350 range as per my chart. I trade with a veryy marginal % of my total capital, so I dont get to sweat every reaction.

[dawn sierra]

im going great this last couple of weeks

[green bluff]

ok because on your graph it shows your SL at 2383. But you had a very big SL then

[rough jungle]

great work 😎

NFP

Today is Non Farm Payroll (NFP) for those of you who are new here, this is usually the single biggest news event of the month and occurs on the first Friday of every month.

Non-farm payroll represents how many people are employed in the US, in manufacturing, construction and goods companies. The can also be known as non-farms, or NFP.

This usually has a huge impact on the volatility of the market and unless we can safely be risk free before the news, we tend to avoid trading and opening new positions today.

This is due to the huge potential of slippage.

If I can't be in a trade 3/4 hours before the news drops at 13:30pm (UK) then I will just sit it out as there is no chance of getting risk free (BreakEven) off the table

[dawn sierra]

i close verything beofre news

[rough jungle]

Best way

[radiant sinew]

Would have expected the gold dump to happen during the news but with this dump, the next direction just becomes impossible

[rough jungle]

yeah - im done trading for the week and dont trade on NFP, its safer that way lol

[plucky stag]

wow what a dump on gold

guess all the longs got fked

[dawn sierra]

love that dump

[stone edge]

I need advice on trade management . Are there rules for close trade in case there is some profits before reaching the goal? Are there signs or signals that must be taken into trades to close the trade before it reverses and the profit turns into a loss? Its my big problem i always gain some pips then turn into lose

[vernal snow]

What you using below? Money Flow?

[dawn sierra]

no i use PAC and 2 other free indicators

[vernal snow]

Im short on this targeting OB below

[rough jungle]

Hey id check out Mickys previous LIVE streams. They are great and informative. You can find them here:
https://discord.com/channels/641770286638694402/1199356285813006367

Also this one is all about risk / reward (stop loss / take profit)
#1199356285813006367 message

• You could also consider taking partials / going break even at a particular point so if price does reverse and go against you, there is already money banked and/or stop loss is an entry so taken out at break even

LuxAlgo Video Playlist (Education):
https://www.youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC

LuxAlgo Video Playlist (Short Strategies):
https://youtube.com/playlist?list=PLbqCXsOfrM3N4wajKoJTL2G_sojJOl8Vg&si=K_Ty2Cm3rViMv7am

[vernal snow]

Man i really want to short the NAS!!! It looks so inviting.

Strong NFP = Hopes for rate cuts slashed = NAS down aiming for 18,865 FVG 4hrTF or Monday close.

Weak NFP = Rates Cuts coming = NAS new ATH

[plucky stag]

it is all about risk tolerance. lock in some profits when it is in your favor say after 1:1 and then set BE..as you get more used to it you can do 1:2 or 1:3 for tp then BE if it didnt hit 1:1 and your stop loss accept the loss and move on

losses are part of the game and make sure you understand there is no way you will win every trade or even 90% win ratio ..assume 50-50 on every trade and if you dont like the loss either use lower leverage or smaller lot size

it doesnt matter if your backetested strategy is 70% win ratio or more.you have to accept 50-50 at all time .be humble and accept the losses.thats the only way you survive long enough to make anything out of this

[green bluff]

gold is going to last week low ?

[daring schooner]

Having fun today with the market seeking investors lol

[rough jungle]

nice little scalp earlier before NFP

[daring schooner]

How much does it affect two non USD currencys?

[rough jungle]

NFP usually affects every single pair ive found even when its not related to USD. Last month was like a instant 40 pip movement up/down

@daring schooner

[daring schooner]

I remember a 20 in the wrong direction and then 40 down for a Euro USD I don't know if I want to play that one LOL

[rough jungle]

yeah best to stay out and just observe ha ive been on the wrong end of NFP too many times over the years

[sterile oracle]

did anyone catch this?

and the US market has not opened.

lot of news coming

[echo kiln]

I go over all my settings in all of the daily live streams. Here are the previous recordings #1199356285813006367

[stone edge]

thanks i follow this guides

[weak crypt]

Anybudy share the price action 30 mint XAUUSD charts

[stone edge]

thanks its really changes mindset could tell me please example for lock in some profits in 1:1 like what lot size i should close for 1:1 then 1:2 like 50% of lot size or less is there any rules

[sterile oracle]

on risk management you can use trailing stop loss starting at 1:1. it depends on your entry at this point. also you need to see the trend happen

[grizzled sluice]

Hi guys, i am new here, would you say the premium plan for luxalgo worth it, I am considering it but would love to hear community feedback if they had or are still using premium feature. I am ICT concept individual, the luxalgo price action tools seems tempting lol

[stone edge]

so trailing stop loss is better than close some parts of lot size because sometime i close big part of my lot size then price go on my favor with very small lot size

[plucky stag]

start with 50% and let rest ride.if you are scared or there are big news coming up just exit fully

[stone edge]

that make sense but trailing stop lose near while big news is good or not? xD

[strong snow]

Bankai!

[stone edge]

i still have open trade on long usdjpy running in profits but there big news on usd coming now not sure to exit or stay

[plucky stag]

you will not go broke if yout take some profits...try to be comfortable when trading and dont fomo.it is ok if you lose potential profits there will always be more setups and more opportunities

if you want to risk on nfp then set BE or lower your size

[weak crypt]

Guys share the gold chart price action 30 mint

[echo kiln]

Welcome, take a look at the overview videos here in the premium toolkits https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=o7iVu_Wow3kemocY

[sterile oracle]

never trade near news

[dawn sierra]

my thoughts on gold

but i wait for news

[plucky stag]

i scalped gold long quickly

was nice pump

[green bluff]

5 sec left 👀

[dawn sierra]

this trade turned out great 😄

[daring schooner]

I hit 20 percent and closed my trade

😎

[silent eagle]

Guys

[rough jungle]

why i avoid NFP lol

[silent eagle]

guys

[silent eagle]

Check EURUSD 5min

[hallow bluff]

NFP killed

[silent eagle]

Check EURUSD fast 5min

[lament jasper]

Gold is dropping even harder 😵‍💫

[silent eagle]

[hallow bluff]

NPF 🔥🔥🔥🔥

[dawn sierra]

your bot killed it....not you

[hallow bluff]

That’s up to you

[plucky stag]

quick scalp to the fvg i am out now

[radiant sinew]

Had this nzdcad short running for 2 days now. CAD unemployment rate + nfp news. Dumped massively

[daring schooner]

That's awesome numbers. I hit 27 percent this week. It's been very boring however. As of yesterday my pair had moved 7 pips from the previous week and I'm not a scalper....yet

[radiant sinew]

Awesome. Now time to rest for the weekend and prep for next week 😁

[radiant sinew]

Shared this eurnzd setup as well

[hallow bluff]

Max

[radiant sinew]

Just got an alert for copper based off this chart here. If anyone trades this, then you can start looking to long. If not now, then early next week.

[echo kiln]

XAU Gold - Head/Shoulders on the daily?

[echo kiln]

If this breaks below, dangggg

[lament jasper]

Yeah it might go below 2300

[tepid thunder]

Usdcad

[sterile oracle]

friday is bad for liquid on XAU

people like to spend money on weekends

[rough jungle]

New video released on Signals & Overlays signal settings guys

• https://www.youtube.com/watch?v=_GShaZrZrcg

Mickys streaming LIVE right now! https://discord.com/channels/641770286638694402/1178430832151638077

[sterile oracle]

attack will happen sunday. watch and see

[radiant sinew]

Lol whats attack?

[sterile oracle]

watch

[echo kiln]

What will the Dollar do next week?

[muted venture]

how about AUDJPY next week?

[echo kiln]

We are pretty much at highs on the daily

But on a monthly TF, double top?

[muted venture]

thank you buddy

[sterile oracle]

let us see

sunday is a key day

[lament jasper]

@echo kiln Dump more thanks to Bideneconomy

[echo kiln]

Greaaattttt

[sterile oracle]

maybe of interest.... https://www.youtube.com/watch?v=A5w-dEgIU1M&ab_channel=Veritasium

[analog locust]

My final setup on AUDCHF, I will 👀

[lament jasper]

Crypto are tanking wtf

[echo kiln]

[analog locust]

All looking good. Get ready to CASH IN

1HR , 4HR, DAILY TF. Awesome

[radiant sinew]

If thats the case, why are you not shorting then?

[analog locust]

Because there is a BULLISH CHOCH, with that you can't short. I hope this answer your question.

[radiant sinew]

Audchf still has a long way down to 0.596.

[analog locust]

Yeah, but according to my strategy, I sit on my hands until it gets to where I set my limit. This business require planning and patience.

[radiant sinew]

That’s a disciplined approach. Welldone.

[analog locust]

Thanks

[delicate geode]

some good low ?

[radiant sinew]

@delicate geode maybe this

I see 2266

[heady ginkgo]

2200

[delicate geode]

on wall from last message

[delicate geode]

on wall from last message

[sterile oracle]

my fruit?

let me google it

i have no idea what you just wrote

i cant follow this that fast.

let me break it down

its gaming stuff

for children

i cant see this as useful

this is for forex or gold etc...

[restive narwhal]

More like spam LOL

[sterile oracle]

yes looks like it

[analog locust]

Looking at anything for next week, anyone?

[echo kiln]

what is this? i have no idea here?

[sterile oracle]

no idea another user posted it. when i took a look it was about video games

looks like its been deleted anyway

[echo kiln]

but you reposted it? LOLLLLLL

[sterile oracle]

no i thought it was of interest and i replied

when i took a look i simply found it nothing to do with forex

or gold

[echo kiln]

replied, but re-typed the link

[sterile oracle]

its some form of video games

[echo kiln]

that is what i was confused on

[sterile oracle]

sorry

i was looking into it

and its useless.

there was a youtube video posted on here

i could not even understand it

[echo kiln]

yeah, i removed as we dont know what that download link was for? maybe virus? maybe nothing

[sterile oracle]

i have no idea... its not a virus. but it was useless.

has no reason to be on server

[echo kiln]

Im not about to find out, ill just remove it

[sterile oracle]

yes better

i found the pastbin they were talking about and its gaming or video games

i replied back and told them

he mentioned fruit.... 🙂

[restive narwhal]

do people mark charts up manually or use PAC? @echo kiln I think one of your vids you use HL / LL and 50 (100?) Order Blocks. I'm a big fan of automation!

[sterile oracle]

one thing to say is do not have automation running during news.

[restive narwhal]

Automation as in algo putting lines on the charts rather than making decisions and placing trades. I'm not that good yet! Nor trust any of the many bots out there

[echo kiln]

The highs and lows are a feature I enabled in the settings.
The 50(100) OrderBlocks? im not sure what you are referring to here, but I do show more than the standard "show last 5."

[wary orchid]

Crude oil long in the short term what do you say? USA is currently buying a lot of reserves. 6 million barrels of oil. Could this have an impact on the price in the short term?

[strong snow]

Bearish

[sterile oracle]

The US has alaska

[waxen glacier]

Which is best for gold by luxalgo

[sterile oracle]

PAC

[waxen glacier]

Send link please

[sterile oracle]

but also use the AI

[waxen glacier]

Send both link

[wary orchid]

what you mean ?

[echo kiln]

Have a look at these overview videos https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=O4khm4VS1Vx5sB3_

[radiant sinew]

Yeah, some charts were dropped already here. Just search for wti

[echo kiln]

Crude and CAD goes hand and hand

[daring schooner]

Feeling strangely under confident. Stats right 50 percent of the time. Return 2.7 in 8 weeks. 7/8 winning weeks one neutral. Success came overnight after being super conscious of not keeping losses. It was what was holding me back.
Red news 24/29 successful news trades.
It's a feeling of disbelief perhaps in myself. I don't know. I'm guessing any breakthrough trader feels that way sometimes???
I am in new territory. Out of my comfort zone. Perhaps that's it. Welp feel a little better just saying it out loud, 🤣

[echo kiln]

I think when we turned a corner and now consistently safe, we are afraid of losing that…

[sterile oracle]

This where the US stores its oil. They dont pump that much of it. They use other countries reserves.

[radiant sinew]

Plans for the coming week?

[strong snow]

Profits 🤣

Gonna short tf out of brent

[half dirge]

Hello guys how u doing and family. I'm new here.. pls guys I need FVG indicator any help

[stone edge]

until now, I cannot analyze the entry points for Oscillator Matrix Money Flow I think there is something I do not understand. There are some false signals, such as here, the trend is down in money flow and the price is rising up , and this example repeated many times how to deal with that

[half dirge]

Guys help me with this....If i subscribe to my tradingview can I use luxalgo indicator on tradingview

[blissful leaf]

LuxAlgo works for free TV as well

[half dirge]

If is free. I'm trying to get some indicator from there. Not working asking me to make payment..... But I will like to know if I make payment to tradingview can still get all this indicator

[blissful leaf]

tradingview's subscription is different than LuxAlgo's subscription

[half dirge]

Oh ok thx both are different, but If I subscribe to luxalgo I can get all the indicator I want right. But it will add to my tradingview right

[blissful leaf]

yes, check on tradingview what's the difference for the plans

[echo kiln]

You have posted this in the other channels #💬hangout message

[strong snow]

Free TV allows only 2 indicators.

[white meteor]

New here

[regal loom]

Hi

You're welcome

[echo kiln]

Welcome aboard

[wary orchid]

why would you short brent ? Could you explain ?

[radiant sinew]

Eurgbp and Eurchf long this week for me

[echo kiln]

Lets see if this daily OB holds for Gold XAU

🤷🏻‍♂️

[daring schooner]

Wtf EU

Glad I stayed out the rest of Fri

EurUsd took a 30 pip dump on open. You ever see that before?!?!

[edgy berry]

Hmm 🤔 50:50

[echo kiln]

Yup
Always 50/50

[analog locust]

Hello everyone. Happy Sunday

[echo kiln]

[sharp agate]

Hi all, new here

[echo kiln]

Hey there and welcome

Welcome aboard 👋🏼
Browse around and don't forget about these channels that will help you get started here:
#🧠core-lessons
#📈must-watch
#1199356285813006367
#1128499789437354106

[sharp agate]

Thanks

[sharp agate]

Hello

[analog locust]

Hello

[restive narwhal]

did you see the ECB news last week? they're going to cut rates which means people won't want to invest in that currency thus weakening it

[sterile oracle]

for anyone that trades euro, stay away from it in the UK session.

[rough jungle]

Good morning guys 👋🏽

Todays news (Don't expect much movement)

[daring schooner]

Nice, no I missed that one. I closed Early Fri while on the road. It was decent profit but I missed interest payment by not holding...

[rough jungle]

quick early morning trade

[median idol]

Hello guys I wanted to ask you in which timeframe the oscillator matrix works best for entry’s ??

[rough jungle]

Hey buddy, thats subjective to the trader. Its all about finding what works for you and your style of trading. Id suggest just having a test of it on various timeframes and note what does and what doesn't work for you. Micky has some past recorded LIVE streams on the Oscillator Matrix.

All streams can be found here: https://discord.com/channels/641770286638694402/1199356285813006367 (He usually does daily LIVES Mon-Fri around 10:30/11am NewYork time) its a good chance to ask him directly if you have any questions about our premium indicators 🙂

[daring schooner]

It's possible that the next two days will be used to setup Wednesday core CPI red news Wednesday.

[rough jungle]

I always find Mondays slow and manipulated tbf

[restive narwhal]

Long NZDUSD? 1D trend is up and 4H is bouncing off previous previous level; 1H has got a swing failure (I use SFP too, one of the free LA indicators)

[radiant sinew]

I believe so too. I dont see any high probability trade across 60+ forex pairs. Low probability ones are eurnzd long, gbpcad short, nzdcad short, WTI long and all these are continuation of last weeks setup

This is what i have for 4hrs/8hrs on my stoch rsi screener.

But I prefer 1D/1Week timeframe more

[restive narwhal]

is that the LA screener? not had a chance to look into that. Could be my action for today considering the current state of everything @radiant sinew

[radiant sinew]

No, just a screener i made for stoch rsi.

[restive narwhal]

any chance you published it? Looks really good

[radiant sinew]

might publish it for free at some point

[restive narwhal]

sell it to LA LOL

[radiant sinew]

Lol. LA’s indicators are very technical & advanced. This will be a piece of cake for them to come up with 😀

[restive narwhal]

simple but effective

[dawn sierra]

euraud is zo easy to trade for like a week orso

alrdy 5 trade which hit the full TP

if i get a SL now its all good

[restive narwhal]

I don't usually trade ranging markets. Maybe down the line... Well done though!

[dawn sierra]

i love ranging markets on the 1h

[restive narwhal]

markets spend most of their time ranging so good strategy

[dawn sierra]

true bro

[restive narwhal]

you should publish in #1128499789437354106 cos loadsa scalp strategies but naff all for ranging

[dawn sierra]

i also use some free indicators so i dont think its allowed

[daring schooner]

I have stared at rsi more than any other tool. I call it a momentum indicator. Some people probably call it voodoo lol. I've already entered EU bull but am carefully watching for any chance of reversal

[restive narwhal]

EU fundamentals are pointing to bear moves cos ECB rate and France snap election following EU voting

[daring schooner]

Yeah I'm aware. I tend not to care about the news or what it says. However I do need to know when the news is so I can watch the charts and predict the movement. I have a high success rate just looking at the charts

[radiant sinew]

Yeah. Stoch rsi >> traditional rsi. For my strat, I use both slow and fast rsi (14,14,3,3) and (8,5,3,3) and then wait for a confluence. Both need to be >80 or <20 and then becomes easier to work with

[restive narwhal]

I've only just started using RSI but can def see value in it

[radiant sinew]

I also added the 4 ICT kill zones/sessions as confluence. So if i get a confluence alert, around these time zones, then it just solidifies my stance

[rough jungle]

Second AJ trade at BE now

[radiant sinew]

Its called ICT silver bullet trading. You can read more here https://medium.com/gradient-growth/mastering-the-ict-silver-bullet-trading-model-1c7ccada675f

[daring schooner]

I don't see how anyone can complain about the price....if it helped you land only one trade a month it'd make you money

[radiant sinew]

Lux algo has a free sessions indicator. You can slap that on the chart and configure the timezones. Theres always a high probability trade that happens then

[daring schooner]

Ahh yeah I love the automatic ict marker lol

[radiant sinew]

My thoughts:

Eurgbp long : will wait for unemployment news on Tuesday to take this or just start to ladder a long today

Eurchf long: looking to long this as well but undecided for now.

Gbpcad short: might short this on Wednesday after gdp mom news. Its almost peaked.

Xaausd : inflation rate news on Wednesday. Direction becomes clearer by then.

[opaque mauve]

Been short GBPCAD since Thursday just twitching around entry ATM

Couple of nice scalps this morning but nothing lining up for me to swing just yet

[radiant sinew]

Yeah. Exited nzdcad/gbpcad short on friday.

[echo kiln]

Morning

[rough jungle]

👋🏽

[edgy berry]

I’m waiting for NY session wondering what move we will have

[echo kiln]

yup, waiting for the NY green light

[edgy berry]

I just realised that NY session mostly push gold up hmm am I right or wrong?

[echo kiln]

Not sure.
For me, any session can push gold either way

[edgy berry]

Well yes probably I just compare to some last moves 👌

[daring schooner]

Ladder? Buy. Then adding to position?

[radiant sinew]

Yes. DCA. Eurgbp is within my entry point range.

[echo kiln]

EUR/USD 1m
Scalp done for the day.
Now we watch for the swing plays

[restive narwhal]

I know what 'ladder' is but what's the DCA acronym?

[restive narwhal]

Is that using https://discord.com/channels/641770286638694402/1141218264656134256 ?

[echo kiln]

Similar. In my live streams, I go over the two Neo Clouds that I use for my templates...

[radiant sinew]

Dollar Cost Averaging. Its pretty much just spreading your entries. So if i was to do 1 lot trade, ill spread across 5 different positions - so it averages out my entry.

[restive narwhal]

do you know which ones or when you'll be going over them again? I've been trying to watch as many as possible, really easy to follow! @echo kiln

[echo kiln]

In all of my streams, I go over my two Neo Clouds.
Settings are Neo 1, and Neo 3
Thats it

Ill be starting the Live Stream about 1030am NY today

[lilac glen]

Hello Micky and all

[restive narwhal]

didn't think I'd seen on the few I've watched but likely cos looking for different things. I'm hoping to be on today's stream so will pay more attention

[lilac glen]

@echo kiln micky for your setup you use long term auto pilot ?

[echo kiln]

I use long term just for scanning symbols and a trend bias.
But I also use mid term if i want to do a quick 10-20 pip scalp

[lilac glen]

for 5 Mins or 1 min long term or mid term, which one is better? I am more confused between both

Today I entered here

[echo kiln]

Hmmm, tough question.
The correct and responsible answer from me to you, is to avoid lower timeframe charts, as they do generate more noise to a chart.

[lilac glen]

here gave good profit

[echo kiln]

Just fyi, these are screen captures of your chart link address, and not an actual chart link.

So not sure if you wanted to post your charte here.

Now Im curious to see your charts, LOL

[lilac glen]

https://www.tradingview.com/x/nyngZXxR/

that is profit screen

https://www.tradingview.com/x/ipt5gqsk/

this is the loss

mid term

my entry was the reversal here

tell me some tips to improve my entry location

@echo kiln

[echo kiln]

Where did you entered on your reversal? The latest buy signal?

[lilac glen]

no sell

[echo kiln]

which one? can you mark them?

[echo kiln]

OK, but price action did go bearish after that sell signal.

[lilac glen]

with that signal, I gave entry here

after my entry, it got rejected

please correct me , If I am wrong

[echo kiln]

OK, this is. 5m, so what does a higher TF chart look like? Also, how many sell signals during these bearish Neo clouds?
Eventually, the trend will change.
And looks like you tried to go short on the 3rd rejection of the Neo Cloud after the sell signal, so with this, we need to ask ourselves, how many Neo Cloud rejection attempts would we want to take after a signal?

[lilac glen]

no, I tried for a scalp so no HTF

[echo kiln]

Basically this is based on your personal style, which is neither right or wrong.
You just need to manage the trade, which you did.
You tried for a short, and closed out for a small loss, you did not try to hold and pray, you simply closed out for the small loss.
So this is good, dont beat yourself up, you did a good job in closing the trade.

[echo kiln]

But scalping can be beneficial if you do use higher TF as a bias

[lilac glen]

actually, 15 mns also showing short

but my entry was wrong,

purely , I need to tell worng

[echo kiln]

We can never get all of our entries to win, even if we entered in direction of higher TF bias.
We just need to have good trade management.
After a loss, we move on, and wait for the next set-up

[lilac glen]

please, in today's class show some examples @echo kiln

with the same strategy

where to avoid the entry and where to get in

really, I am confused for the entry

I am trying to concentrate on single strategy @echo kiln

[echo kiln]

Are your charts on NY timezone? Im trying to see if i can replicate your charts

Im just not sure when these signals occur

Heres my 5m on gbpusd

Here is my 1m
Dang, maybe Ill watch this now, LOL

[lilac glen]

paris time zone @echo kiln

and that was mid term

[echo kiln]

oh ok, sorry, I just am not able to locate that on my charts with NY timezone.
But ill be going over my template in todays stream again

[lilac glen]

ok, that would be a great help for me @echo kiln

thanks in advance @echo kiln

[echo kiln]

what you can do is change your charts to NY timezone and mark that short trade and ill have a look.

[lilac glen]

where, I need to change the TZ, I dont have an Idea @echo kiln

in TV

[rough jungle]

You can change your timezones here

bottom right of your TradingView

[lilac glen]

ok thank you

https://www.tradingview.com/x/Mu5x5m2e/

edited TZ @echo kiln

[echo kiln]

OK, so you entered short on this vertical line.
But look at price action since last week, and look at all the short signals during this entire time.
This was also 3am NY time, very low volume

How many sell signals on this lower 5m TF worked out?

You were in a chop range, that needed to break out

Just an opinion.....

Now that London and NY are open, price is breaking out of this range for some nice scalps

[lilac glen]

your opinions are more valuable @echo kiln

thank you very much @echo kiln

[echo kiln]

No worries, I wouldnt worry about this loss too much.
You did the right thing, you closed out.
You had good trade management, which is more important to me than the entry.
I would rather focus and aimprove on my trade management, than anything else.

[blissful leaf]

Monday's livestream is on right here, right now! https://discord.com/channels/641770286638694402/1178430832151638077

[wary orchid]

Look at brent and look at wti. Thats why i didnt understnad your opinion on short Oil....

[radiant sinew]

This was the plan for wti. Shouldnt even think of short for now. Its getting to 79.463 at a minimum

[strong snow]

I'm not even trading oil 🤣🤣

[echo kiln]

Yup, all you Gold lovers
Did you do good today?

[echo kiln]

Check this out on 5m Gold
The ChoCh-Forecaster cloud doesnt break above this OB

[echo kiln]

Welcome aboard 👋🏼 to all the NEW members that have joined us past few days 👋🏻
Browse around and don't forget about these channels that will help you get started here:
#🧠core-lessons
#📈must-watch
#1199356285813006367
#1128499789437354106

☝🏻

[echo kiln]

Everyone’s day done?

Or just one more 🙄

[edgy berry]

Not my day today 🙈

[leaden field]

still holding 🫣 i didnt cash out

[echo kiln]

There’s next day. Stay safe

[echo kiln]

Cool!

[leaden field]

Ok cashed out haha

[lament jasper]

Lost money on Apple because they did jackshit and all they showed are UI changes, what a mess

[restive narwhal]

2 hit SL then watched them go in the correct direction. Been a good day though, think I've got a better understanding of the scalping strategy so gona have a play with that tomorrow

[heady ginkgo]

I’ve been shorting…….. today…….

[opaque mauve]

Been waiting for this now got my entry

Joining the bigger picture trend wish me luck

[analog locust]

Knock, Knock. Anybody home.? How did you all do today (Day1 of the week)?

[topaz marsh]

Hi I want to ask something regarding SL I usually use the signals Overlays and how would you advise the SL should be bellow or above the signal because previous week I have 3 ,4 trades which I can win if I was using the SL where is the low or high swings

Anyone has strategy for SL I use the TP and SL from the indicator but every new candle prints out the TP and SL moving with the trend

[blissful leaf]

if it's a buy signal, the SL will be below the candle that generated the buy signal. also, never use the signals blindly

[topaz marsh]

Usually do one of the strategy that Micky talks to one of his streams and gives me good win rate like 8 trades only 2,3 losses. But wanted to look into it how I can improve the SL thanks for the suggestion to put the SL bellow or the signal

[rough jungle]

Here is a past stream Micky did regarding stop loss (risk) and take profit (reward) which you may find useful: #1199356285813006367 message

All his previous streams can be found here: https://discord.com/channels/641770286638694402/1199356285813006367 (They are all titled so you can see if any stand out to you and would like to watch)

[analog locust]

what are you looking at, anyone?

[radiant sinew]

Gbp news in 2hrs 30 mins

[analog locust]

Good morning

[radiant sinew]

Good morning ☀️

[cyan bough]

Good Morning, just starting and learning. So far so good. Thanks all for all the infomation shared. 👍

[dreamy narwhal]

Welcome! If you haven't already done so, do have a look through our members-only resources: https://discord.com/channels/641770286638694402/1048529827243761747, and get a good primer by watching the https://discord.com/channels/641770286638694402/997901168393068564 and https://discord.com/channels/641770286638694402/997901091389841408. You can get some inspiration from https://discord.com/channels/641770286638694402/1128499789437354106, in particular Micky's Community Streams, which he does every NY AM on weekdays https://discord.com/channels/641770286638694402/1199356285813006367.

[strong snow]

Something didn't go according to your plan

[radiant sinew]

Unemployment news out. Eurgbp long working out :). Started laddering this long since yesterday

Eurgbp

[rough jungle]

Todays news:

[regal loom]

Which indicators do use plsss for the lines

[fickle edge]

Who is using price action strategy here ?

[edgy berry]

I need link to signal strategy when to enter can anyone help please

[rough jungle]

You can check this channel out https://discord.com/channels/641770286638694402/1128499789437354106

LuxAlgo has made two new videos regarding the Signals & Overlays indicator also

• Talks about the optimal sensitivity
  https://www.youtube.com/watch?v=_GShaZrZrcg
• Using the AI classifier to filter signals.
  https://www.youtube.com/watch?v=1zXo2PH60EA&t=27s

[rough jungle]

im using price action concepts indicator combined with my own analysis

[edgy berry]

Also I have a question about this dashboard I don’t know how to read this if all is in green is that mean is up trend and if is high % that’s mean trend can change or getting stronger and will continue to go up? I’m struggling to understand this

[opaque mauve]

Unfortunately, I cannot share as some are not Lux indicators I am pretty sure that's the rules here.

[idle spruce]

hey there, this on the library should help you out to undestand the dashboard better : https://docs.luxalgo.com/docs/luxalgo-toolkits/signals-overlays/dashboard#dashboard-elements

[edgy berry]

Thank you 🙏

[idle spruce]

your welcome 😊

[opaque mauve]

However I am using Lux PAC on this chart and there trendline option is very similar

[regal loom]

Can u dm me plss

[opaque mauve]

@echo kiln whats the general policy here ? please advise

I know Lux are not keen on promotion of outside indicators

[restive narwhal]

@regal loom do you mean the white arrows which go down then up? @opaque mauve are they generated by an indicator or did you draw them on? They look drawn to me but if not, I'd love to know which indicator too 😁

[idle spruce]

hello there, the general policy is here #✨community-guide ''No self-promotion. Encouraging DMs, affiliate links, or promoting other products / communities is not allowed. We worked hard to grow our community so legendary, it is not ethically right to try & monetize it.''

[regal loom]

I mean the trend lines and stuffs plss

[restive narwhal]

Price Action Concepts, it's one of the subscription indicators

[rough jungle]

You can find documentation on the Price Action Concepts indicator here: https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/introduction

trying a new strategy live using 2 pip SL and two pairs is insanely stressful lol

[karmic monolith]

@patent valley hello? I sent you message.

[daring schooner]

Would like to see EurUsd hang out at this price until us open

[fickle edge]

Yeah same as me but do you depend on candle patterns i mean i look at them but they are not always working

[rough jungle]

i trade chart patterns like flags/wedges most of the time and use PAC indicator to help with my trend direction bias

[fickle edge]

What time frame u mostly trade on

[rough jungle]

mainly the 5m

[fickle edge]

So as your experience chart pattern works on 5min ? Mostly

Cuz candle pattern and chart patterns differ from time frame to another

[rough jungle]

they do but i been trading them for awhile now so it just comes natural to me spotting structure. I only trade AJ though so i couldnt take about any other pair

[fickle edge]

I see

[flat nexus]

hi

[fickle edge]

Hey

@rough jungle one question can u combine chart pattern and candle pattern and use it ?

Like using both of them as a strategy

[rough jungle]

you could do but i couldnt comment really as candle pattern formations is something i don't really use. One way is to just try for yourself and have a little backtest trying strategies out and see what does and doesnt work for you

[fickle edge]

Understandable, what about that PAC indicator i never heard about it

[open wigeon]

thoughts on gold?

went short and made tp on 2300

[fickle edge]

Bullish in on its way be patient

[open wigeon]

not really

its gonna go back to 2300

[fickle edge]

Yeah but not going further down in my opinion

[open wigeon]

prob not

[idle spruce]

here you have a link about PAC if you are interested on knowing more abt it 🙂 https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/introduction

[young lark]

Thoughts on EURGBP

[open wigeon]

only trading gold

[open wigeon]

but bearish

[fickle edge]

We will see i am guess it will go up again

Don’t think it will hit 2300

[flat nexus]

where is the best place to buy Gold

[young lark]

Ok thanks

[fickle edge]

Gold might hit 2310 and then reverse

[open wigeon]

its at 06 bro

[flat nexus]

any time frame

[fickle edge]

There is a chnace

[echo kiln]

Be safe. If you feel that it's not "right," then its not right.
It does go against guidelines. ✅
#✨community-guide

[edgy berry]

Let see now 🤔

[daring schooner]

There's a lot of investors shorting the EurUsd interest rate difference... Keep it in mind.

Oh... I'm still bull lol

[dapper jolt]

Ppl still play the carry trade?

[daring schooner]

That's what happened to Jpy and if you look to when USD raised rates other countries were a lot stronger than they are now

[edgy berry]

Gold moved 🙌🏻

[analog locust]

Good afternoon

[hallow bluff]

@boreal citrus what’s up bro was about sending you the trade chart analysis

@boreal citrus anyways it’s okay man

[rain ember]

anyone trading GBPJPY?

[hallow bluff]

Took buy at 1.27200

Tp 1.27550

[rain ember]

GBPJPY at 199.89?

[hallow bluff]

Forming a change of character so I’m just observing

[subtle granite]

AUDUSD Pumping back up I guess

[daring schooner]

Does anyone get disturbed at seeing Profit Loss directly while trading. I have two accounts one I can't see but I can get there another that's in my face the whole time. Any issues mentally?

[subtle granite]

🎯 🍾

[rain ember]

its consolidating, but looking like it wants to test lower, but everything is indicating higher, just a case of when to jump in to it!

[daring schooner]

Forex chat here but they have crypto rooms if you need it

[subtle granite]

that is XAUUSD "GOLD" which is forex, I know cheers

[hallow bluff]

This was nice

[subtle granite]

GOLD

[edgy berry]

What does it mean?

[subtle granite]

XAUUSD , retest of 2350 range dip to retest 2260 range, then a pssible swing up on the 5th wave leg.

[daring schooner]

I saw bingx lol my bad

[subtle granite]

it's ok, some crypto Exchange also do FOREX nowadays.

[fickle edge]

@open wigeon told u be patient for a bullish

Look at gold now

[edgy berry]

Thank you 🤩

[icy wraith]

What's happening with XAUUSD? Is there any event or news affecting it?

[fickle edge]

Predicted it 😁

[echo kiln]

Got my scalp 10
EU

[icy wraith]

XAUUSD short position

[fickle edge]

Impressive

[hallow bluff]

@lament jasper

When I saw the entry

[split night]

Got out of this a bit early 😦

[forest valley]

Hi, cna you kindly explain the logic behind your Screener setup. I can see you have just one pair on multiple timefraame. Thanks....

[jade iron]

Hello Micky, please share the link for your yesterday Live, and also the settings used for this chart indicators. 🤓

[echo kiln]

I go over all my settings on the Live sessions here #1199356285813006367

[radiant sinew]

Xauusd needs to get to 2347 at a minimum

[blissful leaf]

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

[icy wraith]

Can you give me the link to the explanation of this strategy?

[blissful leaf]

he often goes over this in his daily livestreams. you can find the past recordings in #1199356285813006367, and he is live right now

[icy wraith]

thank you so much

[split night]

Yeah sure, the screener I set to whatever I have open on the chart which was GBP/USD. It tells me the rating for all the different time frames and where the price is situated within the premium, discount or equilibrium zones. Also tells me about the fair value gaps and where price is located around them

Same thing with the order blocks and what current market structure is present

I dont really use liquidity grabs tbh

[forest valley]

Thanks

[opaque mauve]

Loving this risk to reward took a chance on a short, just swept stops above 137.80 lets see.

[echo kiln]

Will this roll over on Gold?

[opaque mauve]

Lovely support base built at $29.00, again nice RR trade time to go long

[echo kiln]

1m XAU

[quick wing]

Hi, I’m new to LUX I’m still trying to figure out what settings to use, what setting inputs have you used?

[echo kiln]

Hey there, I go over all my personal settings in the Live Streams.
Here are the recordings
#1199356285813006367

[quick wing]

Cheers will check it out 👍

[echo kiln]

Cool!

[fervent vector]

I have a ? Can anyone explain the % numbers on the price action chart. Any help appreciated

[restive narwhal]

Did you take a trade? I can see one short which I think ticks the boxes but be appreciated if you could mark up. Or is this for later setups?

[trail seal]

Umm that's percent represents the actual strength of the market in volume,trend,and momentum

[analog locust]

Hello

[trail seal]

Welcome

[fervent vector]

Thanks Benjamin

[restive narwhal]

@echo kiln but you don't have OB on your chart so not sure why the reference to them. My question was trying to get an understanding of why you posted the screenshot. I've been following your streams so understand the configuration but not what you're trying to show us here. I'm still very new and on a massive learning curve so any help is very much appreciated

[echo kiln]

I tagged the wrong person, sorry

[echo kiln]

Those are actually the Internal Activity and Metrics of the Volumetric OrderBlocks
have a look at this video and the docs
https://youtu.be/fM-tgGv58Jk?si=e9JgcIksirJoBDfK

https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/order-blocks#internal-activity-and-metrics

[rough jungle]

todays news: (CPI and FOMC today)

[split night]

Good morning Danny

How you doing

[rough jungle]

hey man, not too bad, full of a cold this week though hbu.

[split night]

I’m good mate thanks, strange that I’ve seen a lot of people the same atm, there is something going around and COVID is also about again. Hope you’re feeling better soon 🙏🏻

I’m also praying I don’t get anything

[dapper jolt]

load up on vit c and zinc

the amount of viruses the kids been bringing back from the past few years from school and nursery has made me immune i think to alot of things...lol

markets will be quiet until inflation ....ranges been quiet....good for ppl with effective scalping systems that work well in quiet markets....i would imagine after 2 pm gmt and then again at like 6...will get some major moves

gd luck all!

[rough jungle]

Weird you say that, my mrs auntie has just caught covid and i didnt even know it was still a thing these days as you rarely hear about it haha. Im forever catching colds though no matter how much vit c i load up on

[split night]

It’s strange mate like I say something definitely going about

[rough jungle]

hows trading been going?

[strong snow]

https://pubmed.ncbi.nlm.nih.gov/10543583/

Never helps for me as well lucky for me my wife is a doc and told me it's useless 😂😂

[rough jungle]

my coach has me on 3000mg of Vit C with 2L of water every morning and i still catch colds 24/7 🤦🏻‍♂️

[strong snow]

Holy crap that is a lot lol

[rough jungle]

prob dieting isnt helping though, prep life sucks.

[strong snow]

I'm a gym rat, use every possible supplement available and I still get sick all the time. My 4y/o gets all nasty stuff from kindergarten

😅

[rough jungle]

yeah kids are the worst for bringing illnesses back from school, god knows what ill be like when i eventually have a kid HA

[strong snow]

Yeah it's real fun getting scrappy viruses every 2 weeks 😅

[rough jungle]

if someones poorly and im around them, its like 9/10 times i catch what they have

clearly have a crap immune system

[strong snow]

Prob something to do with the food we have these days

Even bread tasted different 20 years ago 😂😂😂

XAU preparing for news loll

Zero moves

[rough jungle]

there is additives in everything we eat, so hard to avoid them. If you look at the ingredients list for bread these days, so many ingrediets. When i go visit my granny she always mentions how bread doesnt taste the same

I watched something called poisoned: the truth about your food i think its called what was quite good on netflix

watched a few others too but i cant remember what theyre called

[split night]

Not too bad, down Monday up Tuesday. Let’s see how today goes. Been really busy lately tho with events not able to sit down and trade properly

[rough jungle]

not missing much anyway with CPI today, as long as Tuesday positive day outweighed Mondays losses

[split night]

Figured I’d try the NY session today and have a bit of a lay in lol

Do I even need to ask how your trading is going? Already I know it’s going to be elite 😂😂

[rough jungle]

ah well i wish you luck! just bear in mine the FOMC and CPI - markets prob gonna shift a bit. Its okay, no complaints lol

[restive narwhal]

I've setup TV with some strategies (big thanks @rough jungle and @echo kiln for tons of ideas and help). Gona update my CV this morning and spend the afternoon on the allotment. Been burnt by inflation data before so gona chill ready for tomorrow

[rough jungle]

Your welcome! we are all here to learn right 🙂 Growing anything nice? theres a big allotment behind my house. Good idea to stay out until tomorrow see as there is high impact news like CPI today

[strong snow]

Have you tried trading longer tf? I was thinking about something like 4H

[restive narwhal]

I used to trade 4H and it's great if you're working and got patience. My issue was patience so I made a lot of silly mistakes instead of sitting on my hands. Personally, I find 1H a nice tf to get swings but enough going on to stop the FOMO. For 1H, I use 1D to determine trend bias then 4H to get a good idea of what's going on and 1H to place the trade. If I'm not sure of direction for 1D, I'll take a nose at 1W to get a better idea of general direction / sentiment

and sitting on my hands / FOMO is still my biggest issue!

[rough jungle]

years ago but it just wasnt for me so i stick to 1m/5m primarily 5m now though

[worthy jolt]

Hi Danny Would it be possible to share the 1m/5m setup you use?

[rough jungle]

Ive shared some in https://discord.com/channels/641770286638694402/1128499789437354106 In regards to my other manual trading i just trade chart patterns (wedges/flags) combined with my PAC indicator

[rain ember]

nice style, i just haven't always for the time then FOMO kicks in, basic school boy errors I make then afterwards, I think why the F**k did I do that

[rough jungle]

sitting on your hands is one of the hardest things to do tbf i find

even now i get FOMO and take a trade for sake of it then regret it instantly

haha

[restive narwhal]

Good to know we're not alone in the presence of LA gods LOL

I'm trying to use triggers and charts to say more why I shouldn't enter a trade rather than should

Which amazes me cos generally I am so process driven and don't deal well with change (yup, slightly on the scale hence some of my comments / questions can be very direc)

[fickle edge]

Any predictions of gold today, as my self i am expecting a bullish

Yet i cant decide cuz still waiting ti see the inflation

[restive narwhal]

if you can't decide, don't do anything! Better not to trade than gamble

shame I can't listen to my own advice LOL

[rough jungle]

exactly, if i have both buy/sell bias then i stay out of the markets

[fickle edge]

I am not entering any trade without being really sure

Today i have some doubts so i don’t think i will enter

[rough jungle]

also big news day today

[fickle edge]

Yeah

[restive narwhal]

Love my CV, I sound like I know what I'm doing

allotment def more fun, though. just hope the slugs and snails haven't eaten everthing

[analog locust]

Good afternoon everyone. Day3 of the week. How is it going ?

[restive narwhal]

I sneaked a quick 1:1 scalp in earlier which was successful so hoping that's breaking my losing streak. Other than that, sitting on hands. How's your day?

[split night]

lol

GBP/USD go boom

🚀

US inflation