💱forex-chat

[near hawk]

perfect wave on the way down. easy profit... in a few hours tuesday news come in though

so i wil quit my position before the jump

id re-enter once the market has choosen a path after the news at 9 am

eastern time

my 1 hour squeeze release alerts come to my phone directly.

and i can hop on Oanda and close or open positions directly from my phone

do that for 15m tf and 1H tf

setting stop losess just take you out of the market. its a trap

a stable coin will reverse eventually to it mean... the mean its calculated by dividing HH and LL's

easy money...

❤️

any meme coin is bs.

1hr tf eur/usd... way to much momentum... no way its going up

it will release to the down side.. and there are hundred of thausands of dollars on it

millionss if you have that type of leverage

[near hawk]

funded my oanda live account with 1 dollar

[near hawk]

on my momma g

[restive narwhal]

What settings you use for the 2x oscillator and squeeze index? I've not seen anything using similar setup

Can the bottom indicators be replaced with current matrix oscillator and squeeze on the table? Interested to see what confluence/ signals you look for

[rough jungle]

todays news:

[split night]

Good morning!!!

[rough jungle]

morning buddy 👋🏻

[split night]

How you doing mate?

[rough jungle]

Good buddy, just eyeing up EU today. How are you?

[split night]

Yeah not too bad mate cheers, just looking at the charts myself but nothing screams out to me yet tbh

AU looks good on the 15m but the 30m and 1hr don’t match up enough

Order block supports the 15m strong high but I feel like I could be just trying to short a pullback

Would rather have a bit more confluence to enter that

Im gonna wait lol

[rough jungle]

Least your sitting on your hands buddy because your unsure and aint got enough confluences. Thats a win right there

[split night]

Yeah man, it does give me a bit of fomo but honestly nothing is screaming out to me atm I’d just be gambling away

I’m just gonna see how the AU performs against that order block

Looking at it now tho, didn’t even make it there and it’s gone down lol

We’ll see what happens it was 50/50 and I opted to stay out

Of course it was going to do what I expected lol but if I was in it would’ve gone up. Sorry if I messed anyone else’s trades up. It’s the Truman show with me

[rough jungle]

happens to us all. Its mad how accurate the orderblocks are most of the time. See it time and time again price react from an orderblock.

I think thats what i struggle with the most, when im 50/50 and sit out but when your on your computer all day, you can want to start trading for the sake of it. Why i try stick something on netflix to keep me distracted from trading LOL

[radiant sinew]

Yeah but orderblocks differ across timeframes. Would be nice to have an orderblock screener across 5 timeframes on the chart to form as a range for for entry/exit

[heady ginkgo]

The equilibrium zones

[near hawk]

only reaason i use two of the same its the pattens

but its not crucial

i use the patterns feature of luxalgo

one hoour tf

the patterns festure from lux algo only foresees a posible utcome

easy money

this is my demo account

i am making hundreds of thousands\

[strong snow]

Add 5 instances of PAC and change OB timeframes.

[split night]

I’m glad I did, look at the AU now

On the 1hr was just a pull back

Think I was right to just sit it out

[split night]

Yeah that’s why I look for the confluence, if it’s not there I don’t enter like today

[near hawk]

the index squeze technique its on the comunity feed.

[open wigeon]

gold is a bless

[near hawk]

default

oscillator one

osc 2

15m tf

what you do...

is stack them

once you stack everything together some like this will pop up

you click on "set eveytjhing to the left" whenever the option pops

[icy wraith]

XAUUSD

[daring vale]

@final yew You mentioned that the Premium and Discount that Micky has shared in the live stream has helped you. Can you share how have you implemented it and how is it helping you?

[edgy berry]

Nice I’m just wondering where it will stop

[plucky stag]

i entered long 2307

[edgy berry]

Im still in sell will keep till 2279

[plucky stag]

well we will find out

if it breaks 2307 then it will prolly go lower

[lament jasper]

Now it has

[plucky stag]

?

took a while but finally it is moving

30 pips for now

[edgy berry]

We never know what’s the next move but I’ll stay with my plan as long my position is secured I’m happy with this ☺️

[plucky stag]

same i secured after 40 pips now

[plucky stag]

🔥

thats my 70 pips

you guys have fun. I am done for the day now

[echo kiln]

Anyone watching EU?

[rough jungle]

i got a long bias with my structure patterns, awaiting an entry but news in 15 mins so waiting for abit

[silent eagle]

Yes, I lost

[charred rune]

HELO

I AM FROM INDIA

SIR I AM BIG LOSS

[edgy berry]

Look at gold 😳

[charred rune]

BITCOIN AND GOLD

[silent eagle]

What

[charred rune]

SO I REQWEST

[idle spruce]

Welcome, do you need help with anything ?

[rough jungle]

awaiting price to settle for 30 mins before looking for entries for EU

long bias seems to be correct

[silent eagle]

I need help mentaly

[idle spruce]

all of us sadly... 🙂

[charred rune]

I AM LOSS MY BIG MONEY

[edgy berry]

I wont be surprised if soon will drop again

[charred rune]

I AM NO IDEA FOREX MARKET

[rough jungle]

Hey, it appears your caps lock is on 🙂

[echo kiln]

news is a tough trade

now we fade EU?

[rough jungle]

why i avoid news trading, its 50/50 as to which way it goes and usually im on the wrong side of it lol

[edgy berry]

Very true I learned the lesson many times 🙈

[rough jungle]

i still learn that lesson from time to time 😂

[charred rune]

MY ENGLISH IS VERY SMALL

[silent eagle]

What?

[charred rune]

SMALL ENGLISH

[idle spruce]

maybe you could search info and guides about the forex market before putting money in it, so that you can learn without making losses

[silent eagle]

ME SMALL CAPITAL

[edgy berry]

Gold shot like crazy and now it seems coming back, I wonder how far how deep any ideas ?

[charred rune]

HINDI AND PUNJABI IS GOOD

OK

YES

[rough jungle]

i stay away from gold. Me and gold is like trying to catch knifes, never ends well

On EU i suspect price will come back down to original levels pre news then continue bullish, but who knows

[charred rune]

I AM NOT LEARN FOREX MARKET

[edgy berry]

You are right gold is tough and very unpredictable

[charred rune]

YES

[rough jungle]

indeed, ive never tried grasping how to trade it. Just seems to rekt me when i go near it

gold digger 👀

always takes my money

[silent eagle]

Gold is da shit

[charred rune]

GOLD IS GOLD.....I AM POOR

[silent eagle]

Me too

[charred rune]

YES MY MONEY TO

[silent eagle]

My fathers condom... broke in 1997 now I exist, and I was born to pay bills, now I have depression... depression...
(Pls don't mute it's just a joke)

A song from insta reels

[idle spruce]

don't worry, it's the story of our life

[silent eagle]

Yas

[charred rune]

YA

[silent eagle]

Guys y'all wanna see a joke?

[stray bone]

is it possible to Add (Volume Spread Analysis) in indicators??

[rough jungle]

Have you checked out our indicator library for anything what may suit your needs? https://www.luxalgo.com/library/

[silent eagle]

Nah I will get muted

[idle spruce]

If it's not indecent.. you can always try to post jokes in hangout 😁

[echo kiln]

what?

news

[silent eagle]

It's 18+

[stray bone]

i mean to say if add in premium indicators.

[split night]

okay lets see if AU can hit this order block 2nd time round

[rough jungle]

Also are you a subscribing member? if so, it appears your discord isn't connected. You can connect it here: https://www.luxalgo.com/account/connect-accounts

If members would like to see potential elements added to our premium indicators, they can submit a feature request here: https://discord.com/channels/641770286638694402/710235692730548225
Please note that requests submitted are not guarantees of implementation, but rather assurances that the request will be reviewed and considered.

[charred rune]

OK

[charred rune]

OK

SIR

[open wigeon]

done for the day. 1.6k from news

[lapis hearth]

It always run like this after big news. It will impulse go up or down. And after like 30 mins (it depends) it will start to cool off.

[lapis hearth]

Nice. How is your strategy? You set the order stop on both sides ?

[lapis hearth]

What tickers works best with luxalgo premium indicators ? Because I used to trade Gold.

[rough jungle]

The indicators work with all tickers, its just finding the best settings for that particular ticker what suits your own personal trading style too. What may work for one trader, may not work for another as each trader is unique.
You could try https://discord.com/channels/641770286638694402/1128499789437354106 to see other members strategies and what tickers they are using.

Also as your new take a look at this channels to get started
https://discord.com/channels/641770286638694402/1048529827243761747
https://discord.com/channels/641770286638694402/997901168393068564
https://discord.com/channels/641770286638694402/997901091389841408
https://discord.com/channels/641770286638694402/780585592911560734
https://discord.com/channels/641770286638694402/1199356285813006367

[lapis hearth]

Thanks so much. I wonder why I don’t know about such channels 🙂

[rough jungle]

You're welcome, if your stuck with any settings/alerts etc you can post in https://discord.com/channels/641770286638694402/702685056736559124 and one of us will get back to you 🙂

Welcome to the Lux community

My EU long doing bits 🙌🏻

[plucky stag]

gold is moving up as expected

[lapis hearth]

what is your target ?

[plucky stag]

well it can go all the way to 2350..will see how the market reacts

it could also sell off at 2330

I am not holding any postions atm i took my profit a while ago

[lapis hearth]

i am with long position now 🙂
also think 2330 sell off could be

[edgy berry]

Already on 👌

[rough jungle]

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

[sand pine]

Why i don’t have access

To live session here any idea

[rough jungle]

It's because the stream is over now, all the previous streams are recorded and posted here: https://discord.com/channels/641770286638694402/1199356285813006367

Todays stream will be posted in a hour or two once Micky has had chance to upload and render it 🙂

[echo kiln]

#1199356285813006367 message

Today recording now posted

[edgy bane]

ola que pasa

[echo kiln]

Welcome 👋🏻

EUR/USD
Not going anywhere

It's taking a rest

a nap

[clear ingot]

The indicator does not appear with me like this

[restive narwhal]

ola, muy bien. y tu?

[restive narwhal]

older versions

[dapper jolt]

Oohhh short kiwi

Sl 0.6195....TP 0.6045

[restive narwhal]

for your HTF correlation, you go direct from 1D to 1m? do you check anything in between?

[restive narwhal]

which pair?

[echo kiln]

Im not trading or watching anything.
This 1m was just curiosity, nothing more really....

[restive narwhal]

NPs, was more a general question. I'm still getting my head around trading 1m / 5m, 1h was my lowest

[clear ingot]

Where can I find it?

[echo kiln]

For me, I watch D and 4H, and then drop down to 15m/5m for PAC trades

EU making a move?

LOL

[icy wraith]

Does anyone have an opinion or will share an analysis of XAUUSD?

[radiant sinew]

CADJPY looks like a swing short waiting to happen.

[icy wraith]

@echo kiln ty ❤️

[hollow mango]

Friends, sometimes the market is bullish 1 H And in Ltf goes into and out of liquidity, and when I enter the rise, it reflects to me what are your advice

[echo kiln]

What is your LTF?

Lower you go, the more noise and more fractals you will see

[hollow mango]

5 min and 15 min

[icy wraith]

Done and dusted today ✅️💰

[edgy berry]

I have no ideal what gold will do next.

[limber path]

Need to understand a concept from experts. What should I do when order blocks are narrow. Secondly what is good timeframe for scalping in Gold using PAC indicator.

[limber path]

I would be richest in this world I know what gold is going to do next.

[echo kiln]

What did you mean by narrow?

[edgy berry]

Very true 😂👌

[limber path]

When support and resistance blocks are close

[echo kiln]

I would say probably ranging

[limber path]

So one should not take a trade ?

[strong snow]

Not wide

[echo kiln]

Depends, many traders are good in scalping the ranges back and forth

[lament jasper]

I predict Gold goes back down to 2310 to 2315 then gets bullish, its overall pretty down this month and only started doing moves the last 2 days

[lost scroll]

Hey everyone, could you share what you think is the best strategy in the 'user-strategies' room?

[echo kiln]

#📈futures-stocks-chat message

#📈futures-stocks-chat message

[pliant grail]

that will lovely

can any one help with long accurate currency trade for tomorrow

[worldly marsh]

Please is there other ways Iranians can't join
I didn't see my country name when I wanted to join

[echo kiln]

#💬hangout message

[edgy berry]

TBC I have the same opinion thinking to open sell

[radiant sinew]

Whats yalls favorite HH HL indicator?

[echo kiln]

Price Action Concepts
H and L's feature

https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/market-structures#swing-high-low

[sly escarp]

Chat where do I find gold news

Is gold news even useful

[echo kiln]

#news-commodities

This may help

[sly escarp]

I have NO access 😔

[sand pine]

Looks like gold will be sold again SL2336 is nice i guess

[echo kiln]

Sorry, for subscribed members

[sly escarp]

Ima keep my sale position

Been holding it for hours might as well

[sand pine]

What a nice drop on XAUUSD

[sly escarp]

Closed finally

[urban coyote]

Gm

[sand pine]

Gm all

[pure mountain]

gm? what country u live in

[wary orchid]

its 4 in the morning

[restive narwhal]

yawn morning. 4.26 in UK

[sand pine]

I m Maldives but now in php

[restive narwhal]

Gold have another dip? Not looked at any charts yet

[sand pine]

Well so far gold is ranging

However 2334-2336 i can see some sell opportunity

[fluid scroll]

Proof?

[sand pine]

Gold fall from above

[fluid scroll]

Your chart reminds me of Christmas thank you have a good day

[sand pine]

You don’t have to follow me just view
Trade at your own

[fluid scroll]

Lol not even .. Im just passionated I’m a profitable trader.

[fluid scroll]

Sorry for the misunderstanding wasn’t my intention

[restive narwhal]

it's flatlined

trade the range or wait for breakout?

[radiant sinew]

Some swing trades im looking at:

Usdchf long
Cadchf long
WTI short (not ready yet)
Chfjpy short

Who else sees any confluence?

[restive narwhal]

audcad might be running out of steam, potential short

@radiant sinew which tf you swing on? I'm 1h using 1D for trend and 4h for where we are in the trend

[radiant sinew]

Everything I shared is a 4h/8h/1D/1W confluence.

[icy wraith]

Does anyone have an opinion or will share an analysis of XAUUSD?

[restive narwhal]

overall up trend (1D), currently ranging (5m)

[rough jungle]

todays news:

[restive narwhal]

UCh - recently bounced off 1W 200 EMA and has consistently stayed below; I think there's been a retraction and this could be the start of the overall down trend
CC - similar, I think the move up was just a retraction and market is heading south again
WTI - I don't trade (ethical reasons)
ChJ - short for scalp? but the J pairs make me nervous atm

and this is just my opinion obvs. I'm not a £10k a day trader or even £10k pcm, mainly cos I don't stick to my own rules

[radiant sinew]

You could be right, however, the trades im looking at are 3RR-6RR; so yes, it could continue with its direction but there’s a retracement that needs to happen

[near hawk]

Position for the london-ny session overlap. we are starting to see the momentum to the downside.. EUR/USD

entered short art 1.074 will keep my position until posibly tomorrow since its a swing trade. rather than a short term opening

I would like to see price reach the bottom of the fallng wedge formation

may take a few days to get there

[rough jungle]

I'm done trading for the day, made a rookie mistake this morning rushing to place my limit order before a shower. Put a 10 pip SL instead of 2 pip SL. Realised when it was -4% 🤦🏻‍♂️ Moral of the story.. double check your SL/TP on your limit orders before setting and forgetting 🤣

[restive narwhal]

ouch! back testing instead? #1229778919679590500 message 😁

[rough jungle]

I know, so annoying lol. Cant trade now till my timer resets tonight on prop firm. Yeah ill get on that today and see for you 👍🏻

[split night]

Unlucky mate but without sound offensive it does bring me motivation that mistakes are still made even after years of experience

Some days I feel like it is 1 step forward 2 steps back

[rough jungle]

100% mate, we're only human. We will make mistakes from time to time and it can feel like 1 step forward then 2 back but we just got to remain positive and push through the set backs. All about mindset

[split night]

Yeah man, someone at my work said to me what if trading forex doesn’t work? My response was it will work. I will make it work 🤣

It actually stumped them a bit with our confident I am in making it work

How*

I had a long big career laid out for me in the NHS and it sent me depressed going through it. I quit that and swore never to make a career work again

[rough jungle]

that's the spirit! We will make it work, I have to make it work. Its my main income, i have to always treat it fully like a job even though sometimes it doesnt feel like a job

[split night]

Now I work 2 part time jobs, 1 is cash in hand so I get a full time wage and don’t pay any tax 🤣🤣 fuck them bro you know gov never spends tax wisely anyway

All whilst I try make forex work

[rough jungle]

Haha, i had a cash in hand job back in the day! Can be hard juggling jobs and trading though. I took tons of losses attempting to trade in work/not being able to monitor my trades but i got there in the end. So if i can, so can you. I knew nothing about forex 4-5 years ago

[split night]

Yeah it is hard but 1 job works 5-11pm and the other is friday to monday so market is closed and i try avoiding fridays and mondays

but yeah i hope 3-4 years i can quit 1 of them and just trade and work part time

i come from a poor background so i will be the one in my family that hopefully encrests the family name hahahah

[rough jungle]

Least your putting in the work and doing everything you can to make forex work too. Thats a good timeframe, becoming consistently profitable in trading doesn't happen over night and its more of a marathon not a sprint. It can be discouraging sometimes when you see people posting profits all the time when yourself isn't at that stage yet.

I'm the same, the only person i can rely on for money is myself, i aint got no family member to fall back on or rely on financially. Always had to work if i wanted money.

I believe in you 😎

[restive narwhal]

Same, I was brought up on a council estate. Lots think people in Brighton talk posh but forget we have 2 massive estates and it's the yuppies (whatever they're called now) pushing prices up and pronouncing ts and hs LOL

[split night]

Appreciate that mate, it is discouraging seeing profits but im also happy for people. I do get superstitious at times thinking do people do that and lie and forex is actually not profitable at all? but thats just my inner demon superstition lol

[restive narwhal]

Hubby and me took a leap of faith and quit our jobs to trade full time. We're not doing particularly well hence updating my CV but I'm loving LA indicators and community, loadsa support

[radiant sinew]

Hehe. You trade full time?

[split night]

Just keep going, eventually it will work like hitting darts at a board, one day you will hit bullseye and one day you will consistently hit bullseye. But also maybe find something until you can latch off that. Thats my plan at least, im hoping it works

[restive narwhal]

for the posts of profits, I'm pretty sure not everyone is making 2% per day. Great when it happens but I'm sure there are lots of losses too. No strategy is 100%. But we feel better in ourselves posting the positive and forgetting the negative

[split night]

Nah not really, I try to do 2 or 3 trades a week maybe 1 swing

2-3 Intraday trades

[radiant sinew]

Woah, thats a big leap

[restive narwhal]

was a lot down to stress of working too. last project was a f'in nightmare

[split night]

Yeah i quit my career and got something more relaxed

wasnt worth the stress

[radiant sinew]

I read it somewhere that barely 4% of traders are actually profitable.

The profitable ones we get to see are either selling signals that dont work, involved in rugpulls, or just massively shilling coins with no fundamental backings 😀

[restive narwhal]

hubby was a pharmacist when we met and I was a bed manager (amongst other roles) in a big London hospital many many moons ago. I'd hate to be back in NHS now

something like 90% of traders lose 90% of their money within 90 days

[split night]

NHS is dogshit mate, worst place I ever worked and I worked in a few trusts

[restive narwhal]

I'm misquoting but you get the idea

[radiant sinew]

Any reason why one person didn't continue working a 9-5 job while the other focused solely on trading?

[restive narwhal]

both contractors and contracts were coming to an end so just went fk it, let's see what happens. I can get another role fairly easily so not overly worried. Woulda been nicer if I'd been a bit more profitable but fkn around with strategies too much and hitting the button

usual put a trade on, hit SL then watch it shoot past TP

[split night]

Well the overall direction was right, just need to work on the entry. I have the problem myself

Sometimes for me it goes sideways for 2 hours before it breaksout

[restive narwhal]

The LA indicators are really helping. I'm 💩 at drawing lines and never to grips with FVG, Order Blocks, etc, so having them drawn for me with figures and colour is really helping

[rough jungle]

believe me when i spent years trying to profit, i had convinced myself this was true until one of my mates in real life got funded and shown me his withdrawals which gave me hope lol

[radiant sinew]

I understand the bit about messing with too much strats. One subreddit i love to read is the daytrading one. You might find posts like this helpful https://www.reddit.com/r/Daytrading/comments/106zs54/2022_recap_561_168366_this_year_in_january_i_had/

Some statistics I love:

If your win rate is 33.33% and your R:R is 1:2, thats a breakeven.

If your win rate is 40% and your R:R is 1:2, that makes you a profitable trader

A lot of times, we aim for atleast 70% win rate and thats insane/almost impossible

100 trades with a win ratio of 40% at R:R, with $2000 capital gives you a profit of $2000.

Point is - strategy doesnt have to be 60% or 70% accurate.

[sand pine]

Gold fall as predicted morning

[sand pine]

Even though my chart is not so so
Prediction was 💯

[radiant sinew]

Anyways, im shorting WTI, CHFJPY at this point; longing cadchf.

[restive narwhal]

let us know how ya get on

[radiant sinew]

Gold needs to dump but its still too early imo. Maybe another 4hr candle needs to close to re-assess

[sand pine]

Yes gold will test HH again before falling

Today USA holiday so its no much fun

[edgy berry]

What’s your target?

[sand pine]

2327

I think now it will bounce again

2327 or 2320 will bounce up

[split night]

my aim is to get funded eventually, but maybe the years 2026 or 2027

if it is still a possibility then

[edgy berry]

If cut 2327 I think will go much lower then hmm

[bold flicker]

Good question I think that's a trader having a targets should be your first Pirates

[sand pine]

You know i dont just cut
I use to move SL so incase go up no loss

[edgy berry]

Absolutely

[dry sorrel]

everyone what is the best forex pairs for scalping ?

[restive narwhal]

the ones moving

[dry sorrel]

i'm trading gbpjpy and xauusd is this good

[radiant sinew]

Cadchf 🤔

[radiant sinew]

Chfjpy 🤔

[sand pine]

Target reached

[limber path]

@rough jungle Here is you retracement.

[rough jungle]

That confirms my thoughts, it looks like a nice rejection of the OB so invalidates the sell (if your entry is bearish CHoCH). Also price is in a discount zone, ideally you want to be looking for sells at premium and buys at discount

[limber path]

Can you explain concept of premimum discount? How to read it.

[rough jungle]

In a nut shell the term is sell at the highs (premium) and buy at the lows (discount). So anything under the EQ you'd be looking for buys or be very weary your in a discount zone. Same goes for above the EQ, you'd be looking for sells.

Micky has gone over the premium/discount zones in previous streams. They can all be found here - https://discord.com/channels/641770286638694402/1199356285813006367

Just found some regarding P/D zones for you -
#1199356285813006367 message
#1199356285813006367 message

Id recommend attending some of the daily LIVE streams too mon/fri 10:30-11am NY time to see how Micky uses the indicators on his charts and gives you chance to ask question and him explain in real time

[heady ginkgo]

Do order blocks get repainted?

[blissful leaf]

the premium toolkits do not repaint.

[heady ginkgo]

What does it mean when order blocks disappear?

Then re-appear?

[dawn sierra]

then it pushed trough

and its not relevant anymore

[hollow mango]

Sometimes the market takes a tumble From MFG or other, but it does not go up. What do you advise me, my brothers?

[blissful leaf]

the OB there disappeared because it got mitigated. https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/order-blocks#mitigation-methods

[heady ginkgo]

Just asking it kept coming on then off then inn again.

[echo kiln]

When you see elements come and go, flickering, like this, it means that the element is about to be confirmed when the candle closes. So in this case, the OB was just about to be mitigated, and it did get mitigated once the candle closed at the structure required for the mitigation

[hollow mango]

Sometimes the market takes a tumble From FVG or other, but it does not go up. What do you advise me, my brothers?

[restive narwhal]

Back test and decide how it affects your strategy. Remember, you're not aiming to win every trade

#💱forex-chat message

[sand pine]

XAUUSD i am scalping mainly using these Lux Premium and its awesome
My winning % is 99% almost

[analog locust]

That is why it is LUXY.

[sand pine]

Yes indeed can always recommend 💯

[analog locust]

Oh yes

[limber path]

I made a mistake and picked a short trade when candle was in discount zone. Next time I traded at resistance zone and third trade, I went for long at discount zone. I am trading only 0.01 lot sizes to confirm my strategy and not taking risks. So these things I learned today. I am tragetting to stick with PAC and with this strategy on 5 minutes chart. Is it a right approch or any suggestion?

[icy wraith]

XAUUSD?

[limber path]

Yes

[icy wraith]

Down or up ?

İ think death cat jump

Down

[rough jungle]

Yeah the premium and discounts can just be another confluence when deciding whether you should enter a trade or not. If you’re going to be trading on the 5minute you can also view higher timeframes such at the 15m to see what price action is saying on the higher timeframes too.

It’s always good to trade on the lower timeframes in the direction of the higher timeframe trend.

[woeful phoenix]

would you mind to share us your strategy? thanks

[sand pine]

I keep my chart as simple as possible
Too many indicators same time will only confuse for me
Price actions and i follow FVG only

Some might laugh at my chart 😆
However its all about winning %
Not fancy chart

[limber path]

Lux Premium means premium/discount zones in PAC. And how do you read FVG? I need to learn FVG as well. I agreed with you that chart must be simple and easy to understand. I also enabled PAC with order blocks and premimum disocunt zones. FVG is new for me. @rough jungle

[woeful phoenix]

means that the entry waiting on COCH or BOS is formed , and entry at FVG level? apologize if my question is very basic

[sand pine]

I see where buyer or seller % is higher
Then i go for entry

[limber path]

So you go indirection of % or opposite to it

[sand pine]

Yes

[limber path]

If seller % is more, you will go for short or long and vice versa for buyer?

[woeful phoenix]

thank you for sharing us the strategy, appreciate it

[sand pine]

You see from those range i sold and won always

Nothing is 100% Accurate
Manage your equity well
And always respect SL
I keep 10 pips SL

Once profit i slowly move SL above entry and keep moving till next support

[rough jungle]

Here is a picture on FVG's and ill also share documentation on the FVGs.

But basically FVGs are imbalances in price and the ideal behind FVGs is that price will eventually come back to mitigated the FVGs that have been created
https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/imbalances

Also I believe Micky has covered FVG in his past LIVE streams. They are all titled, so if you scroll through them and select the ones what most appeal to you (IE: premium/discount zones/FVGs)
https://discord.com/channels/641770286638694402/1199356285813006367

As mentioned previously, i think tuning into some of the LIVE streams will be hugely beneficial to you. (If timezone difference isnt a problem). Its an excellent way to ask questions your unsure about and also learn how the indicators can be utilised on your chart 🙂

[fast owl]

Hi sorry if I'm asking basic. So your entry will be opposite of the FVG? Hope for some enlightenment on your strategy 🙏

[rough jungle]

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

@limber path the LIVES starting in a minute, if you want to check it out 👍🏻

[restive narwhal]

is it that time already?!

[rough jungle]

it is 😎

[limber path]

Its keep disconnecting me, no idea what is the issue.

[rough jungle]

it will be recorded if your having issues connecting. Be uploaded a hour or two after its finished once Micky has uploaded and rendered it.
https://discord.com/channels/641770286638694402/1199356285813006367

[dry sorrel]

help I turn on all option volumetric order blocks but in chart it not show the data 😦

[rough jungle]

Not all data providers relay volume data, try changing from forexcom to OANDA for example

[topaz marsh]

Both trades provided 5 candles ICT is right the market always provides you 5 cuddles that’s your daily job somewhere!!!

GBP/USD and GBP/GPY

[dry sorrel]

I change to OANDA and it shows data. thank you

[dry sorrel]

what's your time frame ?

[rough jungle]

You're welcome 🤝

[strong snow]

Insane volatility today

10k pips one way then other 😤

[plucky stag]

There is no nyse today

[sterile oracle]

bank holiday

[radiant sinew]

Xauusd is waiting to dump. Just needs to form HH and then it dumps crazily from therr

[edgy berry]

Oh again I was hoping will pop in to 2335

[radiant sinew]

It needs to go up to form HH before it dumps. I see atleast 2335-2341. Still analyzing

[lapis hearth]

hi, i'm trading on exness platform, but in TV there is no exness datas.
My question is:
What is best source for Gold to analyze on Trading View ?
FX, Oanda, ...

[strong snow]

I use FP Markets

[edgy berry]

Thank you that’s what I thought 👌

[limber path]

Yes, I think its going to take a very ugly negative break.

[edgy berry]

How deep you think ?

[limber path]

If breaks 2017 then very ugly

[edgy berry]

😳 no way really 🙈

[plucky stag]

It ks early to make assumptions when the market is holiday

no ny low liquidity and barely any volume

[lapis hearth]

I dont think Gold will be dump hardly.
So there were very bad news already, China stop buying gold in May, From 3 to only 1 cut this year 2024.
And what we see, that Gold is strong, still above 2300. So i think it's 2285-2300 is our new bottom.
But if very bad news coming from FED on July, it could be go down again. But i think approaching july (end of June), the price will go up a bit, waiting for good news.

Its my own opinion:)

[limber path]

@rough jungle I setup alerts Bullish OB Entered and Bearish OB Entered and working perfectly with Bot trading. Targeting just 30 pips. 1:1. I am think I am very close for what I was look for.

[rough jungle]

That’s great to hear your strategy is going well 🔥🙌🏽

[radiant sinew]

Valid. Worst case scenario, 2267

[sterile oracle]

for now economic data regarding gold may force it to some lows. the main economies are investing.

[limber path]

Now I am trying to figure out. 5 minutes chart timeframe or 15 minutes. I need your input. Although I am comparing as well.

[stray bone]

Bot trading? Can you elaborate? Thanks

[limber path]

I am training my AI Models on charts.

But its all learning process.

I am lucky, I joined a community of experts.

[rough jungle]

I’d watch today’s stream by Micky. He talked about what we had discussed earlier in the day. Using premium discount zones and then touched on using a higher timeframe trend on a lower timeframe also

[stray bone]

I could not understand. Do you use other indicators(Ai) besides premium?

[limber path]

Where can I find recording?

[limber path]

No, I am using only PAC

From the last 2 years, I have explored 100s indicators, honestly, PAC is the best, it gives everything

As of today, may be tomorrow someone come with different technology, who knows.

[echo kiln]

#1199356285813006367

[edgy berry]

Is market closed now?

[echo kiln]

Indice futures markets closed now, USA Bank holiday

[edgy berry]

I see when will be reopen?

[echo kiln]

FX and crypto still good to go

[echo kiln]

https://www.cmegroup.com/tools-information/holiday-calendar.html

https://www.cmegroup.com/trading-hours.html#tradeDate=2024-06-19

[edgy berry]

Thank you that’s very helpful

[mental sparrow]

Does anyone know when gold market opens again

It's like 7:30 in uk a d the thing just shut???

[echo kiln]

Typically, most FX brokers open/close at similar times.
Best to check with your actual FX broker.
This link is for the Forex.com broker
https://www.forex.com/en-us/help-and-support/market-trading-hours/

[mental sparrow]

Thank you again mate

[sly escarp]

Chat why isn’t gold moving

[echo kiln]

closed

change to a different broker, others may be open

[restive narwhal]

Plus USA holiday. Everything likely to be quiet

@echo kiln massive thanks for today's stream. Really informative! I hope you're getting overtime or time back

[echo kiln]

Good that it helped

[urban coyote]

Gn

[magic obsidian]

Hello

[sand pine]

Good morning

Any predictions on XAUUSD

[tired silo]

Please how can learn hard please I really need to learn

[echo kiln]

https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=RRr5U8KmuBWBAkUR

These videos may help....

[lapis hearth]

@echo kiln hi, i have watched your stream about order block, where you traded euro on 5M tf. And the stream was very helpful. I have further question, do you check OB on different time frame ? What if on 5M tf, you don’t see the Ob of 4H …

[restive narwhal]

You can add multiple PAC indicators with different time frames. If that gets too messy, have multiple windows

[sand pine]

2328 gold next target

[sand pine]

2342-2337 Resistance
2328-2324 Support
XAUUSD
will buy and sell from these again

[restive narwhal]

@sand pine you only trade gold? Any forex?

[sand pine]

100% Gold

i did play before EURUSD
However most money easy making pair i feel is Xauusd
And its best to focus one pair and master it

Weekend i do play BTCUSD

[restive narwhal]

Gold used to scare me cos never sure where it was going but watching your updates, I'm dipping my toes

I'm still half asleep, will look at charts bit later on

[sand pine]

Well market is like that
But if you keep on trade same pair eventually you will know the behavior 99%
That 1% is money management

[grim niche]

Do you trade multiple entries per trade? And have 20-30 pip trades and exit early

[echo kiln]

Yes, i have multiple TF charts on my screen

[split night]

Good morning

This is too early for me ffs

5am and I am on the charts already

UK interest rate decision today

Think it should come down now inflation is at target for them but we’ll see

[icy wraith]

Hi gm guys

XAUUSD?

[blissful leaf]

they are due to come down, the question is now or in August?

[echo kiln]

Dont like the recent action on some of these major pairs....

[lapis hearth]

Thanks for tips !

Hi, i'm still not understand how to leverage the Oscillator Matrix, here is 15M TF, the price already increase +16 price, and it's pretty bullish for 4 hours already, why the Oscillator still showing me Bearish Money Flow ?

[echo kiln]

You have the HyperWaves turning points creating higher highs and higher lows, which means bullish for immediate term.
The actual money flow is a longer term bias for the flow of money...
In my opinion, all your indicators on your chart should not indicate the same direction or trend.
Each indicator or element should show its own interpretation of price action based on its own unique lookback length, so when you actually do have some confluence with these indicators on your chart, then it means much more

[lapis hearth]

Thank you. Will definitely learn more about oscillator. I found out the divergence could be good add to my strategy

[young jay]

do u like the product?

im thinkin of buying the ultimate none

[lapis hearth]

There are 3 things i am using to trade: the order block (price action). The reversal zone (signals). And the latest, seems to be promising is divergence (oscillators)
I have bought different things already, about 500 usd … but seems LuxAlgo is best, because here, using LuxAlgo, I feel more like trader ))

[young jay]

will it be effective for swing trades

crypto

[lapis hearth]

I mostly want to day trading.
Using LuxAlgo I trade only forex and gold.
I do have experience with crypto, but crypto is not good with future trading, so I decide to spot in crypto, for longterm holding.
I can recommend Material indicators for long term trading with crypto.

[young jay]

I heard about material ind. is it good for swings?

[lapis hearth]

Crypto alt coins is very risky 🙂 you see -50% for few days. When Btc only down from 69k to 65k.

[young jay]

very true

[young jay]

last years

[strong snow]

Good gains

[young jay]

ye

[lapis hearth]

I see 😦 material indicators doesn’t have the alert, I hardly see it for swing trades.
The levels are hardly see too.
I don’t have it most expensive plan, so maybe there you can better see levels.

[young jay]

how is forex trading

[echo kiln]

👀

[young jay]

i can try with 50k if its good

[lapis hearth]

For forex I use LuxAlgo. And I think it works good

[young jay]

time frame??

I tend not to scalp

its risky

[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.

[lapis hearth]

My positions holding is like 4 hours average.

[restive narwhal]

there's a crypto room if you wana talk more about crypto https://discord.com/channels/641770286638694402/820503399232700436 they would be able to give better advice on the various assets and strategies

[young jay]

so like a day trader

I usually dont trade much but I have retired

so not much to do

gets boring

[vocal mica]

scalping is not risky, it is a way to mitigate and avoid risk. In crypto markets i only scalp, because everything is affected by BTC, and manipulative moves on btc can tank entire market. the longer you hold, the more exposure you have...

[rough jungle]

a bit of high impact news today, be careful 🙂

[restive narwhal]

ouch! we're off camping again so prob not gona be trading much

[rough jungle]

enjoy camping again, sounds like a good day to me

[limber path]

This is what I learned from yesterday's video, perfect 👌 @rough jungle

Higher timeframe. So I will be looking for a short entry on 5 minute chart with a tight stoploss, let's see how it goes

[topaz marsh]

One has created sell choch and FVG that’s good short signal

[limber path]

I am waiting for the same

[lapis hearth]

how is going ? I start shorting from 2343 ...

[radiant sinew]

Was there any news just now? My chf trades are screaming profits

[lapis hearth]

i did not watch yesterday video yet, what on this chart 4H telling you that you should Short ?

[lapis hearth]

yes, news for CHF strong

very strong news ! congratulation for screaming profits

[radiant sinew]

Chfjpy

[radiant sinew]

Cadchf. TP done

[lapis hearth]

nice ! i will try news trading )) how do you trade on the news ?
putting both side with buy/sell stop order ?

[radiant sinew]

For some weird reason, i didnt see the news. I just had the setup and the news just pushes it to TP.

[restive narwhal]

doesn't look it went well for CHF

[icy wraith]

Who's taking advantage on the dollar strength?

[rough jungle]

Glad you found the videos beneficial to you 🙌🏻

[radiant sinew]

Pls share the link for this

[restive narwhal]

most people don't trade the news, it's gambling and you never know which way it could go. Also be careful if you use a prop firm, some don't allow trading big news

[restive narwhal]

it's bottom right in TV

[lapis hearth]

my strategy for news is doing the 2 sides with buy stop and sell stop.
So if it go up, i will go with order where i put up...

[lapis hearth]

https://www.investing.com/economic-calendar/ i use here, i think it's better for news ... in tv it seems not sure on refresh

[radiant sinew]

No, there’s no chf news today as per that calendar

[rough jungle]

This is the website I use for my news. https://www.forexfactory.com/calendar?day=today - But TradingView also have a built in calendar so you could always cross-reference them

[lapis hearth]

thanks, i will have a try too, if it refresh fast during peak

[restive narwhal]

wasn't sure about posting external links

[radiant sinew]

The only chf news on TV isnt happening till tomorrow

[restive narwhal]

lesson, don't use TV LOL

[radiant sinew]

Thanks.

[restive narwhal]

I use external but as above, wasn't sure about posting external websites

[radiant sinew]

Thanks for the help

[split night]

Not too sure but I do think we could see it come down today

Maybe they go to 3.25-4.5%

[rough jungle]

External websites such as forex calendars is allowed, its stuff like affiliate links what are a violation of our rules or phishing links

[vocal mica]

for sure coming down, they need to follow the ECB and they have an election going on! expect lowering by 0,25-0,5%

[split night]

So if I successfully blow my account and find myself in a bit of a stump, starting an onlyfans and twerking my ass and posting it in here for petty change is not allowed?

🤣

[restive narwhal]

I don't think there'll be any announcement until after the election

[split night]

Potentially

I do agree tho the election might cause some turbulence

It’s 50/50 whether they will announce it today

Or after

After speaking to my friend, he believes it will change in August and NOT today

I’m going with the herd mentality that they will probably likely change it in August

[lapis hearth]

i use reversal zone, divergence ... and some candlestick confirmation to make "small" profit on Gold

[dapper jolt]

ya i think they wont change it today

looking for a spike to 1.2760 to sell

[limber path]

Yes and today traded with the same guidelines and make profit:)

[limber path]

I started 2344.28 and exit now

[lapis hearth]

nice nice entry !!!

[rough jungle]

Lovely use of our indicators, nice 1.5 RRR too

[limber path]

Just follow the indicator. There is nothing black and white but indicator makes life easy

[lapis hearth]

yeah, not best entry so have to go with bigger SL, but was more sure that price will go down with your indicators

[rough jungle]

Yes the indicators are designed to make your own technical analysis a lot easier. Why i love PAC indicator, having to plot all the ChoCH/BoS/Order Blocks etc before Lux was time consuming. Now it gives me more time to analyse the markets

[limber path]

Now price close to premium zone and looking for buying entry

[rough jungle]

We wont get perfect entries everytime but you did the right thing recognising it and adjusting your SL accordingly. Thats a win in itself

[rough jungle]

whats gold chart looking like

[dapper jolt]

looking bearish to mee like maybe just hit a swing high on the dailys

[icy wraith]

Well I took advantage of the DOLLAR strength 💪🏽 💰✅️

[radiant sinew]

That’s a big balls trade knowing that there’s incoming news and we might see a final pump before the dump

[icy wraith]

You mean the unemployment claims?

Ohh well but on the other hand the trade got planned and executed.

[icy wraith]

Dollar strength 💪🏽 💰✅️✅️✅️

[hollow mango]

I trade with the Matrix Oscillator indicator And when I see a rise in the hourly chart... A5 minute time frame and Look for areas of liquidity on this chart (fvg or order block , trend line ) When the market hits this point on the five-minute candle and exits it, I enter an upward trend and place a stop below the liquidity

But the problem is sometimes the market goes down and hits a stop

[young jay]

looks good

can someone explain me more about forex

crypto swings have fucked me up recently

so i try not to risk it again on that

[opaque mauve]

Typical Swiss

SNB Jordan never wants to give the markets what they want

half shock cut should weaken Swiss unless we get more risk off

[opaque mauve]

Forex you need to be in tune with what’s driving the market learn about central banks if you wanna be successful

Some people can do it off pure TA but i certainly can’t 😆

[radiant sinew]

You think we will see more lows?

[opaque mauve]

Gun to head yes I do, but just be aware of the France election issue is still giving the market jitters

That will support the Swiss

But SNB Jordan doesn’t want a strong frank

and he has been known to intervene to try and get what he wants

The Swiss had always been a dog to trade due to central bank intervention

[radiant sinew]

GBP news in 1hr

[opaque mauve]

Yes sir not expecting much reaction

7/2 in favour to hold

but after yesterday CPI I think August cut is on the table, which should start to weaken the pound

Inflation data was bang on target yesterday

The meeting today will all be about picking up signals of the next cut

If we go 5/4 today cut will be a done deal for August

[radiant sinew]

I love how you support TA with fundamentals. Good to see.

Personally, i invest so much time in TA and then see a pending news as confluence for my trade. So if my TA says a final push before dump, i look out for the next news (and hopefully, last news for that pair that week).

[opaque mauve]

I never could make it work with just TA, this is what pushed me down the fundamental route combined its very powerful

[opaque mauve]

You have very good TA skills and that seems to work well for you so not worth changing

But an eye on fundamentals never hurts

[radiant sinew]

💯. Personally, i dont want to get into the nitty gritty. Knowing there’s news and understanding the correlations between pairs works for me

[opaque mauve]

My top pick USDZAR long

[radiant sinew]

Lol i never liked that pair 😀 i have it on my watch list but never analysed

[opaque mauve]

Been flushed to the downside since elections but there done now a lot of TA matches for me and the news is over so any positive dollar news will really move it it really on the move already.

[cedar glacier]

Anyone uses Oanda CORE PRICING + COMMISSION plan?

[limber path]

Good job, today I started my earning as well. If things go well, next year I will buy my own aricraft.

[radiant sinew]

Final xau push before dump? I see 2348, 2353, 2365 🤔

[blissful leaf]

UK interest rates in 10 minutes

[vocal mica]

what are your expectations?

i believe strongly in a modest rate cut, but not sure how market will react

[opaque mauve]

Unchanged as expected focus now will be the language in the minutes

[blissful leaf]

we might see a change in august but who knows

I think whenever FOMC changes the rates, UK will feel the pressure to change as well

[lapis hearth]

dont want to make noise, but on 15M tf GOLD, some kind of Head and Shoulders

but maybe it's nothing ahead of the upcoming news

[dawn sierra]

so noisy

[lapis hearth]

sorry (

[dawn sierra]

if it works for you all good man 🙂

[rough jungle]

i was thinking so colourful 😛 but yeah your right about the H&S. Id be waiting for it to complete the right shoulder, break the neckline then retest and go from there

im in a EU long at moment

[radiant sinew]

You could be right, who knows. I know theres a dump that needs to happen but does it happen right away or pump first, who knows

[young jay]

yo mike

hop into dms pls

[floral ridge]

XAUUSD ??

[echo kiln]

👀

[limber path]

@rough jungle In yesterday video, this was a good idea to attach signal overlay that gives further confirmation. Hower, I need settings that were being applied there. It was NEO cloud, AI enabled but what was the sensitivity settings?

For example, above use case, where bull BOS is happening but NEO cloud is in red. This means no trade.

?

[edgy berry]

2365

[limber path]

2348

[opaque mauve]

Agreed the FED usually go first

[radiant sinew]

4mins to go 👀👀👀😀😀

[edgy berry]

lol

[echo kiln]

EUR/USD
Should head lower, right?

[split night]

What I expected

Didn’t think they’d do much 2 weeks before election

But I do believe end of June we’ll see global liquidity start to rise

And global interest rates come down

[split night]

DXY looks like it’s come to an order block hurdle on the 4HR but I do believe it could break through it

[dapper jolt]

July august will be more quiet than this

In terms of ranges for fx

[split night]

It’s been a shit week imo

[analog locust]

Yes.

[split night]

I’ve had 1 trade all week

Yesterday was US bank holiday

I might be wrong about the DXY like but I’d take it into consideration when trading any USD pair

[echo kiln]

🚀 Don't forget about the #✍polls
💥 Takes a few moments

🙏🏻

[radiant sinew]

What i have for eurusd.

[restive narwhal]

Don't expect confluence for every trade otherwise you wouldn't need the various indicators. From memory, @echo kiln uses neo 1 and neo 3 (yup, 2 of the same indicators but different settings). Also, look at what the higher time frames are doing. If you wana trade / scalp like some of the people here, many just use pac and trade against the trend as well as with it. You need to decide what works for you

[radiant sinew]

Crude news in 90 mins 👀

Rising wedge. HH formed.

[lament jasper]

Is there any reason why Oil is going high?

[dapper jolt]

Gold breaking up

[lapis hearth]

yeah, was long from 2328

[edgy berry]

Soon short time

[dapper jolt]

Taking a short at 2351...lets see where we close today

[radiant sinew]

Xau 😀

2348 done, 2352 done.

2365? Maybe?🤔

[radiant sinew]

Closed 50% here.

[heady ginkgo]

Does the discount and premium zones adjust on pac indicator as price moves?

[heady ginkgo]

Mate you kill it!!!

No losses?

[radiant sinew]

Losses are part of the game.

[heady ginkgo]

Anyone know? If premium zones adjust?

[blissful leaf]

They are dynamic and adjust as price action evolves when new HH/HL/LH/LLs are created. They are meant to be used as a visual aid to determine if price is in a premium (above the EQ) or is in a discount zone (below the EQ).

They ain't 'hindsight' indicators nor designed to be used as a definite certainty that price will go up once it reaches the discount zone or go down once it reaches a premium zone. Just like a strong high/low doesn't necessarily mean that the high/low will be respected. There are a lot of variables in trading where key levels may not be respected such as news events/fundamentals. It's up to you as a trader to build confluences up in your technical analysis to determine if a zone is more likely to be respected or not.

Id check out some of Micky's previous streams on the premium/discount zones as he has covered this topic and would benefit you and help you understand how these elements within the PAC indicator are meant to be used.

All the previous LIVE streams can be found here: https://discord.com/channels/641770286638694402/1199356285813006367

[rough jungle]

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

[green bluff]

how do you close 50% ? I cant find on metatrader

[radiant sinew]

Close position, then go to the next screen, change the lot size to what you want to close and close

[green bluff]

Thanks! But I think it doesnt work on propfirm..

[plucky stag]

just open two same lot sizes and close one of them

[green bluff]

oh finally it works 😄

[plucky stag]

was a really good long indeed

it took a while for gold to finally go up been cooking for few days now

consolidation between 2300-2340

now if it holds above this level we can expect higher highs

i am thinking 2380 or 2400 for the main resistence levels

[radiant sinew]

There’s a short that definitely needs to happen soon. I’m thinking between 2360 - 2366.7. Not placing any orders yet, just alerts set and watching

Crude news in 10mins 👀

[dapper jolt]

Ohh still spiking

Got in 10 bucks too early

Had sells at 2349 and 2361..got impatient

[radiant sinew]

Final TP 😅 maybe it will push between 2363-2368

[lapis hearth]

me Long from 2338 🙂 but much less volume ))
congratulation

[radiant sinew]

Congrats to you as well 👍🏾

[lapis hearth]

What is your % of deposit ?
wonder how much you risk

[plucky stag]

he prolly loses in thousands as well just not sharing them xD

nobody wins all trades

[lapis hearth]

sure) but how much, are we risking per trade, just wonder

[plucky stag]

idk and it doesnt matter.follow your own risk managment.he prolly got money to lose so he can afford to be more risky

10 lots seem to be his typical lot size for anything so i dont think he is using risk % just fixed lot size.i guess he likes 10 lots

[rough jungle]

do not click that link

[plucky stag]

was about to ping you

[radiant sinew]

Not a bad day tbh

[sterile oracle]

this works if your automated on gold. in explosive markets.

i no longer have to watch charts

i managed to get my code with lux alerts to automate the whole thing 🙂

[radiant sinew]

It depends on you tbh. 8/10 trades work out for me - the only thing I seldomly battle with is DCA, which is why I end up doing 2/3 trades max per week.

[wintry palm]

Is thata a Funded or Demo account?

[sterile oracle]

i will now add the other forex scalping ones which i care little about

[heady ginkgo]

Thanks just checking if anchored or dynamic

[heady ginkgo]

What link?

[rough jungle]

we removed it now, was most likely a phishing link though. We advise not to click any links posted in the chat by spammers

[limber path]

You are master 🙂 It hit 2365.

[edgy berry]

lol I know hahah I was guessing to be honest but I think will pomp again 2370

[limber path]

I see 2345 again. This was just a manipulated move. However, I am not an expert, just an opinion.

I did not take any trade as this was a volatile condition and that can be a gamble.

[edgy berry]

I’m not an expert too I’m trying to be lol

[radiant sinew]

I think 2344 next. If that doesnt hold, then 2326.

[edgy berry]

I wish to go down now as I’m on sell already 🤞

One think I don’t understand why high is still weak if we going down I don’t understand this part can you help me with this please

[limber path]

I am waiting for CHOCH

[edgy berry]

What TF you are?

[limber path]

5 Min.

[edgy berry]

Same as me

[limber path]

5 Minutes best for hit and run. Either use 1 hour or 5 Minutes, end result is the same, however, higher time frames help in direction understanding price structure.

[icy wraith]

Milked ✅️ ✨️ 💰💪🏽

[echo kiln]

Curious, what are your favorite pairs to trade here?
It seems like gold, right?

[opaque mauve]

@echo kiln i think there should be a commodities chat room

we can keep gold/crude away from FX then

[echo kiln]

Thanks for the idea, but commodities in what asset class? there's gold futures and gold forex?

[opaque mauve]

I understand but gold is a commodity to me so it belongs there generally

IMO

we have traded silver and copper here amongst us so commodities does work

[analog locust]

How is everyone doing with that EU?

[opaque mauve]

I don’t hear much conversation about gold in the futures chat, but then again I don’t spend a lot of time there either so could be wrong

[edgy berry]

You are right it took me long to understand why I should check first higher TF now I know

[sterile oracle]

I did only trade gold.. but then i managed to auto mate myselfe....

[limber path]

But I learned from yesterday's video when I see a use case and the same I applied today.

[sterile oracle]

now i trade on 3 minutes.. while awayl

awake

i had to apply 3 signals on 3 of the same chart to force this with different webhooks

2 are for enter. 1 is for tp or S:

SL

lux ai is not bad

now i dont even need to care much unless there is news.

so i went to eurusd as shown

my xauusd is like this

this trades across multuple accounts.. thanks you lux!

[edgy berry]

Yeah Micky is legend and all those tools we have worth it any price 👌

[heady ginkgo]

Combine them? Then us forex guys can follow the futures?

I’ve never looked at futures don’t even know what it is

Too complicated?

[echo kiln]

Or we chat about Gold FX pair in FX channel and Gold Futures in futures channel like it is now

[limber path]

For Gold, there must be a dedicated channel.

[echo kiln]

What if I want Lean Hogs as seperate channel?

[limber path]

Its okay, however, gold has own law of motion and it should be in a seperate channel. Just an opinion.

[echo kiln]

EUR/USD
Will this hit the next OB below?

[rough jungle]

What’s law of motion in relation to gold. Maybe that’s why gold always rekts me because I don’t know this secret physics 👀

[icy wraith]

Started yesterday and everything is moving smoothly ✅️💰

[icy wraith]

Check the strength of the DXY

[echo kiln]

Hopefully up, for me 👀

[icy wraith]

Those who thought XAUUSD was buying today really got smashed 💀

[icy wraith]

Well I recommend looking for sell structures on the Dollar index before looking for buy on EURUSD

[icy wraith]

This is not financial advice

[near hawk]

I expect a small retracement yo the upside before EUR/USD continues to drop.. if you look at the technicals you'll find a lot of traders are switching their positions to short. for the upcoming month

the switch in momentum to the downside seems stronger than expected due to shit going on in EU

look for a retracement within the next 8 hours to watch for short positions

[echo kiln]

I wasnt buying, im in a short swing

[radiant sinew]

If you see a lot of traders doing something, then you should do the opposite 😀😀

[near hawk]

good point. I like a contrarian approach aswell. But with such a stable pair like EUR/USD you dont even need to do that lol

[icy wraith]

This would have been my trade idea 💡 if was on EURUSD

[radiant sinew]

Hehe. ‘Cos I know barely 5% of traders are profitable - so if everyone is going in one direction, I better take the opposite 😀

[near hawk]

that statistic may be debatable. what do you concider a "trader" on the first place.

most people just quit before they even learn how to trade

lol that may decrease the percentage radically

[radiant sinew]

Definitely aligns with my eurusd chart.

[icy wraith]

Yep I'd wait for that demand zone to be tested ✅️

[radiant sinew]

https://tradethatswing.com/the-day-trading-success-rate-the-real-answer-and-statistics/

https://www.quantifiedstrategies.com/day-trading-statistics/

https://www.investopedia.com/articles/active-trading/053115/average-rate-return-day-traders.asp

[near hawk]

yes.. thats my analizis as well.. i feel the pair will do that before friday close.. to continue its parth down by the endof next week. i will share with you guys if my sentiment changes to bullish at some point.

[icy wraith]

What's this?

2 possible zone to buy on EURUSD if I wanted to look for buys

[lapis hearth]

but today i think almost play long on Gold, so you not the opposite side

[cedar glacier]

Hi, I have a question to ask. I'm new to trading

Should I focus on 1 symbol to trade?

How many symbols do you trade on usually?

[near hawk]

you wanna trade WITH the banks... not "against the traders" the user @radiant sinew has an interesting theory that by trading against 95% of traders will put you on winning trades.... with all due respect its a very dangerous idea. I hope you are only paper trading lol

without technical anaizis that is nothing different than gambling

also do not trust every article you read about % even from reputable sources

most of those articles are meant specifically to deter neew traders

[lapis hearth]

The problem of profitable trading, is not about going against or not...
I see most hard part is when to take Profit.
I have many "good" entry, and make good "unrealized" profit, but then, not take profit at time ...

[stray bone]

@echo kiln sir, please tell me that when I marked 4Hr Order Block & price are coming to that OB then which time frame should I enter in the trade? Like M1,M3,M5 etc. thanks

[radiant sinew]

Entering trades solely based on contrarian strategies—doing the opposite of what the majority is doing—will def lead to the liquidation of your accounts.

You said “a lot of traders are switching their positions to short for the upcoming month”.

Just because many traders are switching to short positions doesn't mean it's the right move. From my experience, I've learned not to follow the crowd, as many of these traders are often not profitable themselves, and this is backed up by stats.

GBP, EUR, CAD news tomorrow

[near hawk]

I see what you mean.. when everyone switches their positions to short then the banks intervene lol. But that's why you babysit your trades right? Make sure there are no unexpected movements.

The fun thing it's that even bank interventions happen at certain hours. And are also somewhat predictable

[radiant sinew]

The problem is mostly the timeframe to take the profit. I analyze using Elliot waves as one of my confluences. So even if I enter a trade on 4hr timeframe, i make sure to take profit on 15mins or even less. So I zoom into 5 mins or 1mins, draw an ABC retracement and just exit. We often make this mistake where we enter a trade on 4hrs and want to exit on same 4hrs tf. Hardly ever works for me

[near hawk]

For example... Bank interventions won't ever happen before an important economic release

[radiant sinew]

I see what you mean. @opaque mauve will enjoy convos like this as he loves fundamentals. Not exactly my forte 😅

[near hawk]

I like contrarians. Brings a lot of wisdom

Some of my fav traders are contrarians

I will look more into the statistics over the weekend I think you unto something

[radiant sinew]

The reality is - trading is extremely hard. If you take a poll here, backed with evidences, there is a possibility that barely 20% of the people here are profitable. If you know day traders outside this forum (not the ones selling signals or some paid forums), you’d get a feel of what i’m saying.

So if these same people say - i need to long xau, I’ll definitely want to think twice about just following that;unless backed up by my own analysis.

[plucky stag]

yes indeed thats why i went long after your short and closed now at 2360

[opaque mauve]

Couldn’t agree more

[opaque mauve]

It depends what bank you speak of

[plucky stag]

but anyways you guys are looking at it the wrong way...doesnt matter if people around you are right or wrong it is a small sample size...unless you can see the numbers of everyone participating in all brokers

[near hawk]

By the way the retracement in EUR/USD seems to have less momentum than I expected

[plucky stag]

what matters is your risk managment

you can be right and still lose

[near hawk]

Factus

[plucky stag]

fundementals are important and it doesnt matter what other traders are doing....if you short gold in a war where litrally everyone is buying you will lose

[opaque mauve]

UEda and Jordan will mess you up bad if your on the wrong side of there policies

And they chat to mess with trader all the time

[near hawk]

The way I see it is like this .. the banks are my enemy... Yet in order for me to be successful I have to join the enemy and their tactics lol... That my trading philosophy...in other words I try to play with the bank.. not against it.

The moment you trade against the banks you are cooked

So I wait for the banks to make their move. And I jump right behind it

[lapis hearth]

Yeah, I think the liquidation of account is not about taking wrong directions … it’s most because of not correct risk management.
I have the experience being profitable for a 2 months streak, but just for stupid decisions, not taking profit, and without stop loss, the news come, and it hit us loss, then we go for dca each time it get dip …
The results that we after holding positions for 14 days decided to stop loss.
So it’s not about wrong directions. It’s about trading plan.

[plucky stag]

risk managment is not simply risk manging one trade.. it is not fomoing and not revenge trading .you manage one trade get scammed then forget risk managment all together hahaha

thats the typical thing that happens for most traders

you have to accept the loss before you can accept the win

[lapis hearth]

Yes yes. It’s what I want to tell. It’s the most common problem

[plucky stag]

if you cant accept the loss then you are risking too much

dont ever look at the profit .always look at the loss.can you accept if it hits it

[near hawk]

The way I learned to navigate against liquidity grabs .. it's understand that a stable pair will eventually reverse to it's mean. With enough margin and a loose SL you can actually avoid liquidity... Do I recommend doing this??? Yes...but not for beginners

Unless you been trading for more than 2 years do not try that.

[plucky stag]

you wont succeed at trading until you learn to accept your losses.

[lapis hearth]

Yes )) I was ready to hold more. But my partner cannot ))

[near hawk]

Type deal. Yes haha

Sadly scalping will liquidate you quicker than you can think of a move .. that's why I moved to swings

[plucky stag]

it takes a long time to get used to taking losses.if you can survive 10k trades i would say you have made it i think

see how big is this number it is not 100 trades or 1000 trades but 10k

you always have to think can you survive 10k trades

you wanna do this for very long time not 1 year or few months

[near hawk]

Agree 💯

[echo kiln]

Up to you really, I have used 1H, 15m, and 5m's

as long as its a lower TF...

[sly escarp]

OI OI OI

[opaque mauve]

Find some time to chill guys and gals there will always be another trade

[echo kiln]

nice

where you at?

[delicate geode]

and then ?

[delicate geode]

and then ?

[agile hornet]

where is us 100 going

[opaque mauve]

Im just at my home bro Hampshire England

[echo kiln]

nice

[opaque mauve]

This hot tub was actually a trading win on polkadot a few years back

I had £7.5k on a trade and I was like that’s it I’m getting a hot tub

[radiant sinew]

I shorted at 2365, how come you longed at same price and closed at 2360? Ended up not making sense in a bid to sound corny 😀

[radiant sinew]

Money well spent 😀

[opaque mauve]

Do any of you guys/gals follow COT reports

[plucky stag]

Well i longed at 2355 @radiant sinew

[opaque mauve]

I have some interesting data that can help with swing trades only

No good for scalping

[radiant sinew]

Good for you mate. As long as youre making money, thats all that matters.

[opaque mauve]

I try to follow the commercial traders not the speculators

Commercials are your smart money

Commercials are like McDonald’s Coca Cola they are hedging cash positions

So they would hedge currency due to paying wages or buying foreign produce

[radiant sinew]

So how do you factor that in?

[opaque mauve]

So they would come at major turning points in the market

So for instance

ATM commercials are very long CHF

They are 3:1 on there long positions over shorts

Also commercials are very short the pound

I look at the difference to long over short and tally up create a ratio that is worth trading

Non-commercial are your hedge funds and your commercial are your big corporate businesses

They are always against each other

A lot to take in but worth taking note

I’m happy to share weekly divergences between non-commercial and commercial

[radiant sinew]

Yeah clearly. It got into that channel 19th june 2023, broke out exactly a year after 😃😅

[radiant sinew]

How did you get this info?

[opaque mauve]

It’s free to get

But takes time dissecting the data

COTBASE

it’s the commitment of traders

[radiant sinew]

I’m looking at this now - chfjpy will get to 182.8 in coming days/weeks/who knows.

[opaque mauve]

Real bugger of a pair to trade

[radiant sinew]

Hehe. Gave up for now

I had a look at my stoch screener - 12hr/1D confluence. I’ll be analyzing the below for a possible trade either tomorrow or next week.

CADJPY dump
AUDJPY dump
NZDCAD pump
GBPCAD pump
AUDNZD dump
GBPAUD pump

[echo kiln]

#💬hangout message

[opaque mauve]

So CHF/JPY has a divergence on my spreadsheet of 1.4 this is very low which means it would be off my radar as commercial are long CHF and the JPY

While non commercial are short both pairs

it’s a miss match for a reversal ATM

The CHF strength is defo due to EU jitters as the SNB are doing all they can to weaken their currency

That’s enough of my chatter for one night haha 🤣

[fervent vector]

hi ... need some help ... is there a way to set an alarm when HH and LL appear on PAC

[echo kiln]

Not at the moment

@fervent vector Also, your Discord has not been connected to the LuxAlgo exclusive channels yet.
Go to your welcome email, there should be a Discord link to get you connected to the subscribed channels that are included with your subscription

[radiant sinew]

Need to see this to trade cadjpy 🤔

[echo kiln]

@analog locust We almost got this

Did you move SL to lock in?
I didnt yet, for some odd reason

[near hawk]

You guys think it will take out the bearish OB. The 4hour momentum seems enough but I'm starting doubting myself since there it's not a lot of volatility right now. Lol I'm still waiting for London session though

I'm keeps my short in EUR/USD

[analog locust]

I haven't, because it is nearly there.

[near hawk]

I'm hoping for price to go down to 1.0549

[analog locust]

That is good, but with caution, with this low volatility

[wintry swift]

Hi there, do you remember which video this was - id find it really useful. Thank you

[analog locust]

Good morning

[analog locust]

That EU still dragging.

[echo kiln]

Irritating

[analog locust]

Yes, it is.

[echo kiln]

Moved my SL to +3 and going to bed in a bit

[restive narwhal]

Wednesday was a lot on OB and the description for yesterday looks OB focused again

[wintry swift]

awesome - thanks for the reply! Going back to watch now

[restive narwhal]

NPs, glad to help. I've found them really useful, got a much better understanding of what to use and what I'm looking at

[rough jungle]

Todays news, lots of EU news today

[edgy berry]

Gold 👀

[split night]

WOW

my broker give me the wrong fucking quotes and i rejected them immediately after it goes up 25 pips

is that a fucking joke?

[rough jungle]

wow thats bad, what broker you with?

[split night]

OANDA

im actually furious

40 fucking pips

look at that bullshit

honestly, go fuck yourself OANDA

now its fucked me over for revenge trading

wow trading has never made me so mad like this before

[rough jungle]

I thought OANDA was good, I was going to do a challenge of theirs eventually but not sure now. Oh trading has certainly made me rage before thats for sure

[split night]

was more like 25-30 pips but still that is ridiculous jump they wanna only offer me beginning and end

[rough jungle]

my keyboard got thrown when i lost one of my funded accounts last year by being stupid 🤣 used to be the same for my xbox controller on cod

But i feel you man, take a hour or two off trading now and re focus so you dont get into a cycle of revenge trade after revenge trade

[split night]

i take at the beginning they say no sorry and so i take at the end now look at the state of it

[split night]

i stopped playing fifa mate because that was the one that got me to punch walls

ive not had a fifa since 2019

[rough jungle]

Never played fifa, always been into my call of duties more. Bashed them all out until the last 2 releases. Im max prestige on all the others. But i took a break from playing and when i came back i seemed of lost my mojo and couldn't get a decent k/d ratio for the life of me

ive pre ordered the latest one though

[split night]

new black ops looks alright

seen vids on their new movement mechanics

i like cods but the old time ones like waw and mw2

[rough jungle]

yeah that what interests me, been pretty similar movements in all of the cods up till now

i got a mate obsessed with battlefield

but im useless on it

[split night]

fifa is dead and they lost the rights to even call it fifa now lol

[split night]

they ruined irt

battlefield used to be so good for all out carnage and they went and ruined it max servers are 32v32 even on pc now

it used to be 64v64

im proper into mil sims, i love hell let loose and squad

[rough jungle]

no way? last time i played earlier this year was 64v64

ill check that out

[split night]

unless im wrong its 32v32 only now

thats for bf2042

[rough jungle]

i used to play runescape also which im tempted to make another account again and get back into PKing lol. But trading taking a lot of my time atm, trying a new strategy on low timeframe so gotta keep a lot of focus on charts

[sterile oracle]

play command and conquer?

[split night]

yeah runescape used to be class, i like mmorpgs, been into guild wars 2, wow, new world, runescape and elder scrolls online

[split night]

yeah used to love them games, the 4th one they ruined tho

red alerts and yuris revenge lol

[rough jungle]

Really want to get back into gaming now talking about it haha

[split night]

i game and have the charts open on the other monitor and its funny when i spot somet its like defcon 1 the game being paused trying to get my phone lol

[rough jungle]

a lot of my mates have tons of play on league. Im currently watching the new deadman all stars runescape are hosting

[split night]

i suck at league lol

yummi main

[rough jungle]

ive never played that one either ha

[split night]

nah yummi is a char on league lol

[sterile oracle]

In C&C i somehow ended up in a clan who are very strong. We enter tournaments.

[rough jungle]

i mean league haha

[split night]

you just sit and do nothing basically and when i tell people i used ot main yummi they give me a dirty look lol

[rough jungle]

my mates been playing it for like 5-10 years

and want me to join and im like nah lol

your way too ahead of me

[split night]

tell them you are going to get dota 2 instead xD

[rough jungle]

i think CaCa plays dota 2

he likes his games

[split night]

yeah i play from time to time they are practically the same

[sterile oracle]

i started command and conquer back in 1995 then the remastered it a few years ago. I randomly play when bored. I also play red alert. i like stategy... linked to trading 🙂

[split night]

red alerts are great

tiberium wars is awesome

[sterile oracle]

tiberium wars i have not gone back to but i played it in the early 00's

[split night]

i used to have them all on disc lol

now my pc doesnt even have a disc tray

[sterile oracle]

does anyone even have a CV any more

its all steam now

[split night]

bro tiberium wars and kanes wrath are the best 2

with red alert 2 and 3

[sterile oracle]

kanes wrath was very good.

but i recommend getting the remastered version

you will find me on there on weekends

[split night]

i think i have them on EA

[sterile oracle]

martoverlord

[split night]

starcraft?

starcraft 2?

[sterile oracle]

i remember strarcraft

very well

[split night]

i like that as well

[sterile oracle]

i played a lot

[split night]

zerg

[sterile oracle]

i also used to play dune in the late 90's

[split night]

when you said overlord it made me think of the zerg overlords

[sterile oracle]

lol

[split night]

"overlord ready"

[sterile oracle]

ha ha

[split night]

company of heroes 2 is also another fav of mine

i like a lot of RTS'

right hopefully we can get a tweezer bottom form on this GU and then i might enter

and reincarnate this trade ffs

may as well wait for news now anyway

[green bluff]

gold is trying to break 2365

[blissful leaf]

[split night]

you play dota 2?

[blissful leaf]

i do yes

search for my name https://www.dota2.com/leaderboards/#europe

[rough jungle]

Nice rank 😎