💱forex-chat

[sterile oracle]

there is a little bit of support see yellow line on 4 hr

1hr about to reform

1h wil show in 3 mins a red cand

30 min already did

stay until 2369

where i see support

[silent eagle]

You will short?

[sterile oracle]

u wont do anything

this trade for @radiant sinew started a while ago

now is not the time to trade

now is the time to consider when to exit

[silent eagle]

Ah

[sterile oracle]

@radiant sinew good trade

[silent eagle]

Goat

[silent eagle]

What is indicator name that shows 21.342K

7.481K

And percent

[sterile oracle]

its price action concepts

[silent eagle]

Premium?

[sterile oracle]

yes premium but choose indicator price action concepts

[radiant sinew]

This is serious mindfuck. I see 2410 range also. Lol

[sterile oracle]

whats your ROI now?

[silent eagle]

No I asked if price action concepts is premium, like you need to pay for this

[sterile oracle]

ah yes

you need to pay for it

its pretty good

helps you see charts

[silent eagle]

I'll think about it

[sterile oracle]

by the way i am neutral. I just think its a good tool kit. Its not a magic answer to profit. but it gives you the tools to begin

[radiant sinew]

Usdjpy perfect correlation for xauusd

If usdjpy goes above 161.85, then xauusd needs to dump badly.

If usdjpy cannot close beyond 161.85, then xauusd needs to pump.

Usdjpy right now is at 161.796 so tick tock

[silent eagle]

Bro cookin

[radiant sinew]

Btw, never forget this correlation

[silent eagle]

here?

this is not my main account lol

67 bucks

[radiant sinew]

I dont like the price action so exiting my xauusd short here. Out of all xau trades for now

[sterile oracle]

Remember 1972. and Nixon.

2370 on XAU in some hours will hit.

but best to rest now on this profit

[radiant sinew]

ill throw some of that profit in this trade. This is my second attempt to short usdjpy. 1st attempt failed yesterday 😀😀 technique requires precision, easy invalidation, if it closes above 161.85, then failed attempt. Thats barely 0.04% move which is nothing. Fingers crossed. Minimal risk, mad ass reward.

[echo kiln]

Everyone doing good pips here?

[sterile oracle]

there are pips everywhere

lol

and also some losses

such is life

[sterile oracle]

not my pair... that pair would drive me mad. at least XAU drives me insane

[radiant sinew]

why i shorted that xauusd trade? ‘Ol support and resistance line. No need for over analysis

[sterile oracle]

my issue with forex is unless you are scalping you might fall asleep and lose money and wake up from a nice dream to a nightmare

i just look for a pull back

what tf is that?

[radiant sinew]

30mins

[radiant sinew]

Lol valid

[sterile oracle]

see cloony on biden

xau will go long tomorrow

Biden to face challenge

[ember shadow]

breaker block with fvg in it

and a mss

the mss is weak tho

4h fvg

do yall think itll go back to the fvg then go lower or nah??

[echo kiln]

Cool, whats the symbol? timeframe? etc......

[ember shadow]

1st one is daily

second is 4 h

NZDUSD

micky remember me

[echo kiln]

remind me? tons of members in the server

[ember shadow]

hangout

anyway

do u think itll retest?

[echo kiln]

Not sure, wasnt watching this today
I know NZD had some huge moves over Asian session.

[radiant sinew]

👀👀👀 usdjpy

[sick raft]

Is there any recommended TradingView SL indicator that changes with the volatility each day? Find it difficult to decide where to put the SL when going by the recent swing high/low for 2M chart.

[patent valley]

I use PAC for support and resistance. I also use EMA200 and fib levels for retracements. You could do trailing SL too through back testers or just use high low wicks. So many options. I use POC and limits at times too, that is an alternative. Anyway, just sharing some of my style, no indicators in mind

[sick raft]

Okay, thank you very much!

[sturdy abyss]

What are your today's analysis for USDJPY

[sand ruin]

TRIAL: GER 40. I simplified it as much as possible. (I didn't want to overwhelm it with BPR, İFVG, SR etc.) HTF is also bullish. I have indicated the regions where I will search for SELL and BUY. Even if the HTF Order flow will continue, I will look for confirmation from the sup-dem zone I mentioned and enter sell. If the price goes to the 18253 band before going there, I will buy there with confirmation via order flow. YTD. It's my try.

[sturdy abyss]

Thank you 😊

[echo kiln]

🤔

[sturdy abyss]

I took my entry on 161.509 as it retested the OB and on 1h there was a FVG so I choose to long and SL on 161.426 below the OB

[patent valley]

I have 15 forex positions open. Should be an interesting day tomorrow 😂 at least we get some significant movements at 8:30 est

[sturdy abyss]

Any idea about gold today ??

[echo kiln]

NZD/USD
I think I'd be liking this 😬

[muted wren]

Thoughts on EURUSD??

[restive narwhal]

wow! What time frames? scalping, swing or other?

[restive narwhal]

Isn't CPI data out today? Could be ok for a short trade but markets can be flat prior to big news and when the news happens BOOM!

[restive narwhal]

which time frame? Personally, I'm keeping away from anything US on 1H upwards. For EU, 1D is going sideways with potential to move downwards (MACD and Matrix) after a short upward move

[leaden field]

NZD short ? Rating A+ - C -

[restive narwhal]

any particular pair or in general?

[restive narwhal]

looks bullish for 1D, bearish for 1W https://marketmilk.babypips.com/currency-strength

[leaden field]

Thanks for the tool brother

[echo kiln]

For me, trading higher TF’s such as 4H or Daily charts lessons the effects of news releases and maintains the overall bias. For me, if I stop trading the days of news releases, then most weeks, there will only be 1 day to trade?

[restive narwhal]

might be an SL thing but I've been burnt by CPI and NFP so keep away from them. Other "red" news I'll trade through but not 1 hour before / after cos too much turmoil. Let the big players sort themselves out

aren't you supposed to be asleep? Isn't it like midnight or something in NYC?

6am here and time to get up for walkies otherwise pups gona start killing each other

[echo kiln]

I place my SL at pivot points that break the market structure against me. I always place SL based on price action and structure, I never place SL based on how much I can afford or how much my account funds are, or on some percentage of my account, like 1-2%

I need to have an account balance that can accommodate the symbols market structure. I can’t force a symbols price movement according to how much funds i have. This works very well for my mind set and low stress

[restive narwhal]

yeah, I use pivots and price action but found certain events paid naff all attention to them and took me out without blinking

BTW, was kinda nice seeing you had a SL in #💬hangout , gets soul destroying when everyone's posting their profits

shower time, l8z

[echo kiln]

Hahaha, yeah, I don’t win all the time, I have a low win%, maybe around 40-60% varies from month to month. And my wins are not like 2,000% profit.

I have to keep it real, for my sake.

My RR is around 1 to 2.5-3.0

[restive narwhal]

it's been interesting to see how many core people there are in this chat and how many randoms drop in, post big profits for a few days then disappear again

[restive narwhal]

From FX Street

Thursday, 12:00 GMT. The Consumer Price Index (CPI) report is the #1 market mover. The Fed is focused on inflation, and CPI is the first release of hard data on the topic. Core CPI, which excludes volatile food and energy prices, is set to have risen by 0.2% MoM in June, and 3.4% YoY. That would be a repeat of May's data.

Any 0.1% deviation from the data would have substantial consequences. A small miss would raise hopes of an early rate cut, sending stocks and Gold up while weighing on the US Dollar. A small beat would trigger worries of higher rates for longer, causing markets to take the other direction.

Until inflation stabilizes around 2% yearly for some time, the CPI report will have more influence than Nonfarm Payrolls.

[sterile oracle]

CPI at 12.30 GMT.. stay away from any open trades at this time

based in inflation data already discussed I can have a guess at what the XAU will do.

[dapper jolt]

Lol...am sure lots of ghosts...read and dont reply

[fickle edge]

Dump

[sterile oracle]

you will see news that stock prices all over the place are going up... this may put pressure on XAU

[split night]

Good morning

Been a busy week for me, had the best win I’ve had to date so took a break from trading on that recent achievement

@rough jungle hope you’re coping well bro, England pulled it back last minute lol can’t believe it

Best game we’ve had all tournament, onwards to win now at Berlin, if we played like we did last night then I think we can beat Spain

[restive narwhal]

Scanning for the next big thing in gold LOL

Few news items today, these are UK time (UCT +1). See the chat with @echo kiln earlier. Personally, I avoid CPI day unless quick scalping (which I'm still test & learning)

[sterile oracle]

No swing trader would ever enter today.. it would be very dangeous to book

[crimson gust]

Hey guys is there like a guide on makign a trading strategy? one minute im goo dnext minute i feel like im overwhelmed with so much info

[silent eagle]

In final will be england and spain

ENGLISH OR SPANISH?

[split night]

Yeah it’s England vs Spain this Sunday in the final

[restive narwhal]

Write it down, back test, try it out, make at least 20 trades, tweak it if necessary

Checkout #1128499789437354106

[fair token]

Who do you think is gonna win??

[restive narwhal]

One thing that @echo kiln said a few sessions ago was doing what suits you. I'm not PAC! I like trends, fib, etc so I'm much more S&O with Matrix. Doesn't mean I don't use FVG or OB to help identify areas price could retract to cos I hate drawing lines, far too subjective. But they're secondary

[dreamy narwhal]

Yes, I don't think people realize how trading is so personal. You have to determine what your strengths are, what you are able to see in the chart and make decisions in real time. Have to find what resonates with you.

[split night]

I love PAC and market structure lol

[split night]

I think it will be a tough game and could go either way, if England play like last night I think we could beat Spain. If we play like we have beginning of the tournament then Spain will beat us easily

[crimson gust]

hmms i get that ive been doing it but cant identify well? If i have an issue making entries what shld i look at?

[split night]

depends what strategy you are doing, i would also track your trades so you can identify what is working and what isnt

[restive narwhal]

Where should you have made the entry? What we're the higher time frames telling you? Are you overtrading? Is the strategy right for you? Are the indicators right for you? Do you know your style?

Watch videos but look at what resonates. @split night and loads are PAC and that's what a lot of vids are about. But they don't do it for me. Nothing wrong with old school trend lines and EMAs

[crimson gust]

what is PAC? i will take note of what you mentioned though

just tough since i was up then down doesnt feel consistent at all :3

[limber path]

CPI data about to come, where gold will go after that?

[echo kiln]

Price Action Concepts
Premium toolkit
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=A9IXyl9u0HEO9WGY

5m Gold XAU

5m DXY

5m Gold XAU

[buoyant yacht]

https://tenor.com/view/nervous-nervous-anime-sweat-sweating-nervous-sweating-gif-8464066390113296650

https://tenor.com/view/bittensor-tao-send-it-griffin-crypto-gif-8467752396406051490

[sterile oracle]

moon gold 3000..

everyone.... take it easy

3000 is a random numeber i attach to kebab quality

wait for confirmation

[fickle edge]

I think the rocket wont stop until 2414

[buoyant yacht]

l,ao

lmao

[crimson gust]

thank you

[fickle edge]

2430 might also be on the table

[knotty estuary]

Oi BoJ did the sneaky sneaky??

[radiant sinew]

love it!!! Usdjpy

[radiant sinew]

Love it. Out now 😀

[dawn sierra]

nice man

crazy

[dawn sierra]

go buy a rolex now

[radiant sinew]

2414 next, 2425-2432 next and probably dump from there.

[agile hornet]

what are you doing thats making you big money like are you gatekeeping some stratagie?

[dawn sierra]

haha nice....it looks used...so many scratches

it losses value now?

[sterile oracle]

Never buy Rolex unless rare.. Find people in financial difficulty and buy their propery below market value. hint.

it needs to settle

[radiant sinew]

Never loses value :).

[dawn sierra]

ok cool

didnt know

[sterile oracle]

it can go down in price.. but the c2400 we see now will have a 3 infront

[radiant sinew]

Ofcos, this particular one is my everyday watch.

[agile hornet]

i like how he isent replying to my comment

[radiant sinew]

Which?

[agile hornet]

what are you doing thats making you big money like are you gatekeeping some stratagie?

this one

[radiant sinew]

Plain analysis - if you follow my chats here, you will pick one or two things.

[agile hornet]

okay fair play man, you have insaine gains

[sterile oracle]

btw i expect ww3 as it gets too 4k

gold tells you war

[split night]

because he buys 10 lots

thats trading a big account

focus on % increase and not dollar size

it can be misleading in trading when seeing people win big but that could be a 2% win, which is great but then you see $50 and think its not that much but is actually 10% win

[radiant sinew]

Agreed, but people are focusing on the wins as against the analysis behind it

[radiant sinew]

This was initial analysis - so it wasnt just magic.

[agile hornet]

okay didnt think about that all i see all the time is his big gains dont see any losses

[radiant sinew]

I also didnt get it right once, this was first time i tried shorting it and didnt work out.

[split night]

nobody has 100% win rate and not many will post losses, but dont let the dollar size deceive you and try to focus on the % gain as everyone trades with a different account size

[icy wraith]

icmarkets server just reck

[radiant sinew]

💯. People focus a lot on the money - and thats the fastest way to get rekt. Its a process - need to hone the skills. Aim should be to get better not to just make money. Making money comes later.

[dawn sierra]

There you go 😛

oh his message got deleted alrdy hahaha

[radiant sinew]

If xau doesnt go above 2440, then that might be a short for days

[dawn sierra]

yes but you need closure

[limber path]

I like your comments and analysis

[brittle steeple]

Japan yentervention again?!

[echo kiln]

I like this term

yentervention

bktervention

[nova dagger]

Reason: news got swept so trading the pullback

[radiant sinew]

short setup for chfjpy.

[brittle steeple]

Japan gave a cagey "can't say we did or didn't response" lol

[restive narwhal]

Whatever they did / didn't do, enough to turn the trend? Or price just gona start heading up? Again

[echo kiln]

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

[sly escarp]

What do u use to get gold news?

[blissful leaf]

let's go, we're back! https://discord.com/channels/641770286638694402/1178430832151638077

[heady ginkgo]

Was the news really that bad for US?!

Is their a new war starting we don’t know about today such this daily candle 😮

[restive narwhal]

Which channel? I don't have access 😢

[nocturne stream]

me too

the channel disappear

[blissful leaf]

the livestream ended 5 minutes ago

[terse monolith]

Anyone trading gold now ??

[plucky stag]

if you didnt do longs you should just comeback tomorrow

prolly gonna chop for now

[terse monolith]

I shorted at 2415.....

[plucky stag]

not a good place to short

atleast 2420

well if just want a quick scalp thats not bad i guess

[terse monolith]

Thanks buddy

[echo kiln]

Who's in on gold?

[terse monolith]

I just shorted it

[edgy berry]

I’m in short from 2422 but not sure how long hmm

[echo kiln]

Nice short levels

[edgy berry]

I was waiting for this level long to be honest 🤞

[terse monolith]

Where is your TP ???

[edgy berry]

2330 but I’m not sure if I will be able to keep that long 🙈 that’s my problem I’ll take partial TP for sure. You never know what this bloody gold will do can pop up to 2340 soon 🤷‍♀️

[sturdy abyss]

im just doing a quick scalp so my TP is at 2400

[edgy berry]

🤞👌

[calm pendant]

Hi guys, any idea about Gold next move?

[radiant sinew]

2425. Here we are. Wont short yet though. Need to see a proper rejection

[valid hedge]

Next week are retail sales m/m numbers coming. Might this affect the dxy guys?🤷🏻‍♂️

[shy trench]

did somebody caught the buy at 204

[shy trench]

@echo kiln hey micky i think i know what might be wrong with the screeners

i use it like this:

this one it shows in screeners. in D OB

but if i go to EURUSD for example it doesnt't show its in that OB because i think it only shows when its in latest OB but if its an OB before the latest it doesn't show

on the screener

[echo kiln]

you are going to have to clarify a bit more here, maybe mark up your charts with notes for me?

[shy trench]

im saying im using the screeners to look if price is in a OB. as you can see it shows its in a OB here on the charts but it doesnt show on the screener its in a OB

[shy trench]

here it does show its in on the screener

[echo kiln]

The screeners do not act like the customer alerts. It will only show your the latest OB, not the OB that is going into

[shy trench]

yea is there a way to change that?

[echo kiln]

In the settings, drop down menu

https://docs.luxalgo.com/screeners/pac/elements

[shy trench]

ya its on that. but is there a way it can show its in any OB

[echo kiln]

Not now, you can submit request #🔍feature-requests

[shy trench]

ok

[echo kiln]

But the code needs to figure a way to signal which OB to show in the screener? if you have 5 OB's, which one? recent one? the closest one? leave a recent one, or nearing the closest one? so there is more to it with this request...

[shy trench]

ye you mean like bullish or bearish ob

[echo kiln]

Because the screeners are pretty much at the max limit of pinescript...

[shy trench]

setting a alarm for all of those pairs willl be a pain aswel xd

mhmmm

[echo kiln]

Yeah, ask in the request, maybe they have a way that I am not aware of....

[shy trench]

i did

[sly escarp]

🦶🏿

[patent valley]

Well that was a good day. Finally some moves!

[patent valley]

Daily trades

[severe badge]

Any setups today?

[sick raft]

Is it possible to trade autopilot signals trading in the direction of the trend with VWAP? Additionally, any suggestions to make this better for scalping on lower timeframes (like for the 2M chart)?

[topaz marsh]

Is there anyone trade yesterday before the news or after the news Tnx god I don’t trade that big candle how would you trade?

I watch Miky the live steam and still working on build a strategy but what I see here on this 15 min even 4 hours looks bad those with 1 minutes trades were taken for seconds

[edgy berry]

Morning all ☕️

[restive narwhal]

I don't trade NFP (first Friday of the month) or CPI at all except 1m scalping. I don't trade any currency with news expected that day (look what happened to NZD earlier this week)

[lapis hearth]

Hi. What is strong Gold support level for today ? Any suggestions pls

[fickle edge]

I do think 85 might be a strong support level if we get a candle close in 4h tf below 400

But we do have 395 cant be so sure about that

[atomic anchor]

Guys, anybody who is trading in forex , does anybody know why market has been sluggish from last Monday to Wednesday? I saw some movement yesterday only. Why this slow market ? Any reasons ?

[topaz marsh]

Because they were not any big news yesterday was big news and moved the market to the moon. Which pair are you looking at, which one are trading?

[atomic anchor]

EURUSD

[atomic anchor]

So that was the reason. Thanks.

[prisma turret]

EURCAD ggs

[lapis hearth]

agree with you on 95 and 85 !

[fickle edge]

For both need to see confirmation

[edgy berry]

2382

[sterile oracle]

you xau will drop there?

[unborn dirge]

Any ideas for news?

[mental sparrow]

Looking at a drop

[edgy berry]

Gold?

[mental sparrow]

Yeh

I'm looking for that

But it's up to you obviously haha

[edgy berry]

I’m in sell already

[mental sparrow]

Sweet

Haha

Couple of pips there mate

Hold it I would

Usd could fly now

[sterile oracle]

nice xau sell...

[prime gale]

yeah 🙂

[radiant sinew]

Shared this thought exactly 7 days ago. Gold to 2425 but didnt see any price beyond that before retracement 😅

[edgy berry]

What’s yours TP

[radiant sinew]

exited. Always correlate usdjpy with xauusd. One goes up other goes down

[sterile oracle]

anyone here got XAU at 2424

?

[blissful leaf]

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

[sterile oracle]

are we being arrested?

[plucky stag]

had same entry at 2415 exited at 2398

[shy trench]

Bought some gj

[green bluff]

gold is on the way to make a new hh

[sterile oracle]

2424

i managed to get in early and scalped on pull back...

was a crazy short morning

now a crazy long afternoon

[edgy berry]

I’m the same 😊

[sterile oracle]

i like afternoons like this rather than ranging markets

i get so bored on ranging ones

here i can keep scalping waiting for pull back then jumping in

[edgy berry]

Very true

[sterile oracle]

for example right now there is a little pull back

i got out 2411. going back in one 3min candle from now

[patent valley]

@echo kiln What do you think, time to let go?

[sterile oracle]

my oci is doing something odd... its turned into this for no reason!

its even ended up with the wedge on it

looks like PAC has attacked the ocilator and made a baby...

i like it but dont know how this happened

and I am not sure I can replicate it

@echo kiln can you help explain how this happened and how I can replicate it. I call it "OCPAC 3000"... the 3000 is just a cool number

[echo kiln]

I never knew this pai existed

🤷🏻‍♂️

[echo kiln]

because you probably accidentally dragged PAC to the Oscillator Panel

[sly escarp]

Infinite indicators

[echo kiln]

Everyone loves to trade gold here?

[cloud galleon]

gold reached 2415

is it going to go down this days any analysis

[sterile oracle]

i have a 2424

but i have exited

[sterile oracle]

My gosh.. accident has caused something wonderful for scalping... "I shall call it OCI PAC 3000 - accident edition"

its extremely easy to understand when it turns into this frekish thing.... perhaps get "One of your wizards" to do this...

i will enter one more time on XAU

waiting for pull back 2424 is looking ok ish...

[sterile oracle]

i will jump in at 2413 or so. and look to 2420 and keep scalping, it might turn, so expect one losing trade at end, then i will spin down.. but the volume will run out soon.

[echo kiln]

Overlaying Signals/Overlays or PAC, on top of the Matrix has been done before with a few members.
Kinda neat.

[patent valley]

Trading too many pairs here lol

[echo kiln]

hows the spreads?

Ill have to pull this up soon

[sterile oracle]

I feel like I just discoverd gold... and you have said... oh that old thing... lol

I did not overlay on purpose. I just changed TF. if I wanted to do it on purposed, do I just drag and dump?

[echo kiln]

Yup, click, hold, drag

[sterile oracle]

oooooohhhh this will be a funky weekend

[echo kiln]

Or move to differemt panel.

[sterile oracle]

can I drag the oci into the main chart?

it could create something interesting

let me save this chart and try an experiment

[echo kiln]

All my premium on one chart panel

looks like your chart now

[sterile oracle]

my one is not that insane

mine is this which is pretty easy

tells me when to scalp

although i should remove that ugly neo thing

how do i get rid of it

it wont go away

[echo kiln]

Neo ugly?
LOL

[sterile oracle]

looks like you cant drag them

in or out

[echo kiln]

What about your check marks? or double trouble arrows?

[sterile oracle]

i managed to get rid of it

TV is laggy

chart looks like this

i set this up for scalping

thats a 15m

this is my 3m

this seems to have happend by accident. Part of this is my own code, and part of this is Lux. They behave in similar manners. My candles are created with my code and have alerts also... creats profit and to me as a scalper its easy.

that yellow line is made from about 7 different models. I spent 3 days writing that

when it crosses i know where I am and indeed when i look at the OCI thing now I see confulence

confluence

best accident I have done..

[restive narwhal]

You gona publish it?

[sterile oracle]

nah

[restive narwhal]

Shame, looks fun

[sterile oracle]

yes. I do a lot of coding on the weekends. Starting trading some BTC as well... but I really dont like Crypto.

i wonder how BTC looks to me... I have no idea what its been up to... probably still falling.. as not driven by any logic. The only that works on it is technicals... At least with XAU you know that Uncle P will do something and you know how to do a biden and hide in the forest.. in BTC, there is no Biden, just a bunch of crazy people

aparently, Donald trimp is Bidens vice president, according to him... odd odd leader.. I noticed the UK priminister seeing Biden was sat square and K was leaning to the left... body language tells you a lot... Then we have Trump... thats just a simpsons episode... The UK is burning and the US.. economically is doing well as the president cannot do any thing or remember to do anything. Trump, no idea. UK... Raving loony mad party got my vote..

interesting...

see forex land soon..

BTC going a little up...

thats a 15m on it

seems to be going up

might buy on dip and trade

scalp

[cloud galleon]

is it the time to buy gold xD??

[echo kiln]

Gold
Daily chart

👀

[shy trench]

What is that for ugly thing

[echo kiln]

No idea what that was

[echo kiln]

For the Gold scalpers, what timeframe do you typical use?
1m?
5m?
15m?

@analog locust
Unreal
I'm a bit irritated with this

[analog locust]

It is a bit tricky, I have looked at it few times this evening to see what happened.

4HR

[echo kiln]

tough, its still overall bearish, I think we go the direction correct....but who knows when will this TP or SL hit?

[analog locust]

Yes we did. We wait and see what will become of this funny move

[stray bone]

1m, 3m & 5m, depending on the confluence.

[echo kiln]

cool!

[atomic anchor]

@echo kiln hi. How to have this layout with the help of PAC indicator?

[restive narwhal]

Just about everything switched on. Anything in particular? Have you played with the settings?

[echo kiln]

Just a few features enabled. You can watch the previous recordings of my live streams here #1199356285813006367 e

[echo kiln]

Who trades the dauly charts?

[sterile oracle]

Depends on volume. There are times when XAU is not moving much and consolodating or ranging. at this point I can drop down to 1m. 3m is used for cross over of US/UK... But I follow the 15m or 30m direction only trading in that direction based on pull back

[sterile oracle]

My English no underestandi your scottish.

[sterile oracle]

so we have a euro final with UK and spain... then in Wimbledon we have a Spanish player againt a Serbian.. If Spain win both..... Does Brexit end? Just asking for a friend.

my feel.. England fail. and Serbia win... In Wimbledon, the italians were dominating... but they all fell over.. They went into Maserati mode rather than Ferrari mode... I also noticed General Red hat was shot in the ear and Biden has been eating forest leaves which are causing him malfunctions...... I posit a question.. What is the relationship between Biden brain farts and USDX?.... Asking for a friend.

[dapper jolt]

Ahhh short gold over weekend

Hope we dont gap higher coz of trump assassination

[sterile oracle]

errr... i would wait. its an ear... condiser watching

[dapper jolt]

Yes lets see where we open up in a few hours

[cloud galleon]

when will gold market will open

[sterile oracle]

10

[sterile oracle]

did trade copier go down

[dawn sierra]

england got so lucky

what a shit team they have

my gosh

[sterile oracle]

i have spain winning?

3-1

with bet

well not bet

but i assume

nole lost

so spain win soccer

[dawn sierra]

i have 2-1

[sterile oracle]

if they at leaset win, i shall have 300 GBP and I can use this for varous food

[dawn sierra]

If spain wins i win 325

[sterile oracle]

🙂

spain won 31-1

31-1

3-1

sorry fingers

[heady ginkgo]

What are you a time traveler 🧳

[radiant sinew]

Spain vs England 🔥

[echo kiln]

Hows everyone FX charting this weekend?

[echo kiln]

Are we all ready?

[dawn sierra]

ofc 🙂

[echo kiln]

boom

💥

[daring schooner]

Picked EU 1.09073 sell. Crossed higher TF MA, has not crossed 50 EMA...at that point it's a definite sell
Last week UJ hit over 200 pips. You grab any of that?

[echo kiln]

cool,

for me, im not looking at anything yet

soon

[calm pendant]

Hi everyone, any idea about gold this week?

[restive narwhal]

hasn't changed, long-term gona be long but there'll be plenty of scalping opportunities on the way

[restive narwhal]

https://www.fxstreet.com/analysis/gold-price-forecast-xau-usd-battles-2-400-with-eyes-on-us-politics-and-powell-202407150348

news

[restive narwhal]

JPY doesn't look like it's recovered during Asian market, people think it's gona strengthen (ie xxxJPY will sell) or just another blip and will start recovering during Lon & NYC sessions?

[rough jungle]

Morning ☕

[restive narwhal]

hello! Welcome back. you recovered?

[rough jungle]

Not fully but on the road to recovery, got back home last night so be rude not to attempt to get on the charts and see whats what. Prob take me all week to get back into the swing of trading though. Brains not computing atm 😀

[restive narwhal]

glad you're on the mend. I managed to fk my back last week separating fighting puppies. bloody painful! hoping to get stronger pain killers / muscle relaxant from GP later

[rough jungle]

be careful with your back, ive twisted it before and its surprising how even the smallest movements cause pain. Hope GP sorts you out in the meantime! Got a hot water bottle you can whack behind you too?

[restive narwhal]

been using heatpads, didn't think of hot water bottle. I had one somewhere...

[rough jungle]

i dont think heatpads are that good tbf. Cant beat an hold fashioned hot water bottle. Id deffo try that. I've also used ibuprofen gel in back when i've tweaked my back in gym squatting

[nova dagger]

Xau

[rough jungle]

Nice trade, what was your entry criteria?

[sterile oracle]

would you have scalped that on 30s?

[nova dagger]

I don't do 30s as entry like I just enter on either 5 min or 1 min

[sterile oracle]

similar, If there is volume I look at 3m

[nova dagger]

Kept a fibo on 1H the area was btwn 68% to 78% thingy and 1 hour candle gave me another confirmation when it became bearish and 1 min chart showed multiple wicks so I got my entry there

💀found out it was 11.96 rr lol

[sterile oracle]

yes similar. I am looking to enter a short on the pull back

4h and 1h are short and this is the 15m... which will kick off my first trade of the day

[nova dagger]

Closed it right now actually but counting as 11.96rr only would 12 rr or something
🙏

[sterile oracle]

I cannot get rid of that silly NEO cloud thing...

I unchecked anything that has the NEO on it and its still there... it haunts me!

[nova dagger]

Wat is that 💀?

[rough jungle]

Its an element within our premium indicator: Signals & Overlays toolkit.
https://docs.luxalgo.com/docs/luxalgo-toolkits/signals-overlays/introduction

[nova dagger]

Ooo okok got it

[sterile oracle]

I cant get rid of it

those wave things make it too busy and they look ugly

i want to get rid of them to simplyfy the chart

[rough jungle]

Have you tried going into the 'Style' section and unticking 'Neo Lead' / 'Neo Lag' / 'Neo Cloud Fill'?

[sterile oracle]

yes

[rough jungle]

You've unticked Neo Lead / Neo Lag but that refers to the two lines. You need to scroll further down and untick Neo Cloud Fill which is the colour fill in between the Lead/Lag lines - that should solve it

[sterile oracle]

let me try, thanks

i had unticked it...

looks like I am doomed...

i coud re add it... but that involves time

[rough jungle]

Strange one, it shouldn't be showing if you've only got 1 S&O indicator on your chart with all 3 neo cloud elements unticked. Re-adding it may be the only way, only takes a minute or two to re-do the settings though as you've got to do the settings every update anyway. If it's bugging you and cluttering your chart id try that.

[sterile oracle]

i might do it after trading.. The cloud thing is ugly and annoying, but despite it I can still see my chart.

[restive narwhal]

don't diss Neo! it's one of my fave indicators LOL!

[rough jungle]

I like it too for trend direction 🙌🏽

[sterile oracle]

its a freak of nature,..

i readded it... at least its not that bad... if you see my oci you will see even I ended up with that by accident. However... I kinda Like that PAC invaded the OCI and made this thing.

[restive narwhal]

yeah, that is interesting! have you worked out a strategy with it? or some kinda confluence?

[dawn sierra]

4 trades in 24 hours

thanks to @novel arrow his strategy ❤️

[restive narwhal]

good going but you might be better with #🚀crypto-chat if that's bitcoin

[sterile oracle]

I always look for confluence. What happened is i accidentally dragged PAC into it. Now it shows me very good scalp entries

I am not sure if i can repeat this.. TV is a freak.

[restive narwhal]

what do you use for the entry?

[sterile oracle]

I use a 15 min pull back

then enter and layer

at 3m

[restive narwhal]

haha! yeah TV can be interesting

[rough jungle]

Lovely stuff 🔥

[sterile oracle]

am heading to 2411 / 2412

[rough jungle]

Todays trades

[dawn sierra]

i use it on all pairs but this one was on btc now

[rough jungle]

Nice use of the trend catcher/tracer I see 😍

[dawn sierra]

yeah works great

1:2 RR

[sterile oracle]

solid!

[sterile oracle]

Can you kindly explain it?

[rough jungle]

Power of lux

[dawn sierra]

Check out the user strategies bro

[sterile oracle]

lux is very good apart from those cloud things!

[sterile oracle]

which one in particular? is it under your name?

[dawn sierra]

trend tracer reversals

[sterile oracle]

i have not got this on my menu oddly...

ah at the top

[rough jungle]

Banked and closed the EU. Just got AJ/Gold running now

[sterile oracle]

this guy

[dawn sierra]

this one yes

[rough jungle]

I’ll check that strategy out this week haven’t looked at that one so far

[sterile oracle]

am cruising running 3 accounts with auto mation..

not closing yet...

riding the wave

[rough jungle]

Same TP as me on gold 🔥

[sterile oracle]

at 2411.. i might get itchy

[dawn sierra]

nice 1 m8

@sterile oracle i was right with the 2-1 yesterday 😛

also i won that 325 haha

[sterile oracle]

i had 3-1 in the head

my wife is english, I plan to use the winnings to take the kids and her for Tapas, and not explain how it was oaid

paid

[dawn sierra]

hahaha

i am dutch so i was happy england lost

[sterile oracle]

England surpised me by making it to the final

[dawn sierra]

yes they robbed us

well the var did

[nova dagger]

English or Spanish.... Finale be like 💀

[rough jungle]

Me too

[sterile oracle]

Spain are very hard to beat and always will be. England are the best at getting to the finals once every 20 years or so in Euros. England are very good at making the Quaterfinals / going out early afer hype.

I have to support England as Wife is English, but really I dont understand soccer. They cant even use their hands.

I watch a lot of tennis and while i dislike Nole, I felt a little bad for him... It would have been fair for spanish to lose at least tennis or football. but they won both..

nothing to say...

either way I will eat tapas.. I quite like portugal.. this time they did not do a lot.

while i have been talking about soccer and tennis, I have let the trades still go... looking good...

ok all profit hit...

i need to see whats up on the charts

[rough jungle]

Gold TP hit. Two out of three TPs today so far

[split night]

How you doing mate you out of hospital yet? England let us down as per. Kane is crap & walker played so shit as well

Next World Cup we need Kane, trippier, walker all to give up

Southgate as well

Threw it away last night watching same mistakes happen

[sterile oracle]

looks what I see on 3m...

15M is ranging..

30 min yellow thing shows me a bear....

1hr does not confirm

i will know in 7 mins

[rough jungle]

Yeah buddy got home last night so getting back into the swing of things atm

I noticed when I got home. Heard it went to 1-1 then they scored with like 4 mins left to go

[sterile oracle]

SHORT like a short guy...

2406 correction

[nova dagger]

Gold buys

[regal pasture]

Are you staring at the chart for 24 hours?

[dawn sierra]

i dont

[fickle edge]

Anyone agree gold sell at 418-19 for a short

[regal pasture]

Then how did you catch all of 4 out of 4 trades?

Alert?

[dawn sierra]

alerts yes

last trade is about to hit SL buts is fine

[rough jungle]

SL's are part of the game 😎 why good R:R and trade management is important. Overall seems you've smashed it so far with the strategy your using from https://discord.com/channels/641770286638694402/1128499789437354106

[sterile oracle]

i assume xau... I see 2406

[fickle edge]

If it breaks 421 we might have a short at 425

[nova dagger]

am lookin for sells rn will update on entry

[rough jungle]

id be inclined to sell gold to around 2412 area

[fickle edge]

Why

[sterile oracle]

I see this

and I am in a positon and need to defend

i am short

[nova dagger]

very small SL lets see

[dawn sierra]

yeah aslong if you kepp on the RR and have management

[fickle edge]

We got same setup

[sterile oracle]

ok question... Can anyone remind me how I made this... its a weird XAU thing...

riddle me this..

how can a screener show bearish everywhere on TF but have a random 15M..... hmmmm does this actually work?

also on USD I have a donkey...

this means XAU should drop.. what going on news wise

[fickle edge]

That’s horses and camel

[sterile oracle]

a donkey climbs and a camel sits

[fickle edge]

Btw is this indicator free?

[fickle edge]

.

[sterile oracle]

i have no idea I wrote it

[fickle edge]

What did u wrote

[sterile oracle]

i use pine

i spend entire weekends writing code

I am not allowed to share and have no will power to make money from my code,, I focus on XAU

[nova dagger]

And we win together?

haha

[fickle edge]

1:3 risk and reward its worth it with tight sl

[nova dagger]

Lets do this 1:3 is really great

took SL

[fickle edge]

Yeah it was tight sl nothing to worry about

I will be waiting for 25

My sl is 21 waiting to hit i

T

Dayum

Still didn’t hit my sl 😂

[rough jungle]

im back at entry, i had a stop loss of 2421.80 and tp of 2412.

1:2 RRR not the best but only a tiny lot size so not fussed.

[sterile oracle]

finally...

my yellow thing plus my rando arrows arrived before level 2 AI... here we go before Uncle P

this was a painful hour

[sterile oracle]

I am on this one...

entered a little early though

[fickle edge]

Same i should have waited for 19

[sterile oracle]

its turning at least now

[fickle edge]

It was tight sl so worth it

[sterile oracle]

3m...

lux agreed with my code... so confident

i did not use SL

i knew that would cost me

i just watched

[fickle edge]

I put my sl at 21 cuz i had some doubts that it would hit 20 and get the sl of those who prepared to sell at 19

Or 18

[sterile oracle]

in XAu the pull backs can be huge

and you can lose profit even if you are right

XAU will require you to drink milk and take stomach acid tablets, and have yougurt. Also dont espose your self too much to it... a friend told me. or maybe i dreamt this

[fickle edge]

Once you accept that losing is a part of the market you will get use to it

I have been trading onle for 4 months so still have a long way to go

[echo kiln]

Hmmm
Curious, why do most traders here, trade Gold?

🤷🏻‍♂️

[rough jungle]

I've often wondered that..

only started trading gold because it seems everyones favorite here

[fickle edge]

Just because it’s called gold 😂

Although there is a lot of opportunities in currency too

[analog locust]

GA. 4HR

[rough jungle]

Yours and Mickys charts make me want to do swing trading more and more with the fib bracket

[analog locust]

Come onboard brother.

[split night]

Yeah was a shit game tbh mate but glad you’re home now, can truly get back into it can’t you

[split night]

Bro wtf this chart 🤣🤣

Too much going off on it

[echo kiln]

😬

[dawn sierra]

TV also very slow with you guys?

[rough jungle]

Nice to sleep in my own bed tbf and not be woken up constantly or have machines dinging 24/7 thats for sure. Although i didnt sleep much last night LOL

[rough jungle]

Fine for me buddy

[split night]

How come? Yeah your own bed is always best. I hate stopping out or over at a friends cos I just want my own bed

[rough jungle]

No idea, hopefully get an early night tonight though and be sound tomorrow. Cant beat your own bed can you, its never the same somewhere else

[split night]

Nah you can’t, I’ve done my fair share of stopping on my mates sofas after nights out and it’s rank

[rough jungle]

It's just swap prices what kill my profit on swing trading if im holding for multiple days. Especially wednesdays - im hit with like 1.5k swap to hold past close

[analog locust]

That swap is tough man

[split night]

Cos you buy big lots

[rough jungle]

Idk if it would be less with FTMO swing account but then again with huge stop losses my lot sizes wont be 50.0 so prob would be okay. I may do a cheeky 1 - 2 lots on that GA

and see what prices are like

[analog locust]

Why not? You can give it a try.

[rough jungle]

set a sell order for this for 2 lots see how it goes

[echo kiln]

@analog locust Look who wants to play 👀

[rough jungle]

lines up perfectly with a OB too 🔥

[analog locust]

Cool

[analog locust]

Time to sit on your hands and watch 👀

[analog locust]

Yeah

[echo kiln]

Should we let him?
Is he ready?

https://tenor.com/view/fading-yoda-movie-gif-14619062

[edgy berry]

What’s you TP for gold?

[analog locust]

I think we should, since he is in already.

@echo kiln Remember this? I'm nearly there.

Took this on Friday

[rough jungle]

i closed out a bit earlier than TP (2412) earlier buddy. I closed at (2413.5)

[edgy berry]

I see I thought you entered long now

[sterile oracle]

xau dumps?

[rough jungle]

im eyeing a long up atm but havent entered but id be targetting maybe 2424 TP if i do

[sterile oracle]

2424 will come later

[edgy berry]

Ok I was wondering as I hoping to see new ATH

[echo kiln]

Good call

And holding over the weekend

[rough jungle]

thats a lovely rising flag reversal too 😎

[analog locust]

Yup

[analog locust]

Good one

[edgy berry]

Soon

[sterile oracle]

xau little drop first..

inverse

[edgy berry]

You think hmm

[sterile oracle]

its looks very bullish

but it depends now on US

my code is in an argument with lux

normally this shows me a reversal. eventually

need my yellow line to nod its head down...

[edgy berry]

Interesting 🧐

[sterile oracle]

its made from a bunch of code 7 indicators

let me show you when it bows its head

[edgy berry]

Ok I dint know your strategy so it’s difficult to figure it out

[sterile oracle]

even I wonder 🙂

[edgy berry]

😂👌

[rough jungle]

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

[dull zodiac]

Gold buy or sell

[edgy berry]

I would say sell soon

[dull zodiac]

When

[dull zodiac]

Can you tell me when to put it in When to enter

[edgy berry]

I dint think I’m the best person to be a role model because I'm still learning and making mistakes I’ll wait for LH and LL and choch and then sell

[rough jungle]

No one will tell you when to enter, its best to learn and do your own technical analysis before entering any trades. That way if you win or lose you can learn from it and see what went right or what went wrong

[dull zodiac]

Alright 👍

[boreal bane]

Hi guys, sukhman singh sandhu here new to this server and currently practicing forex markets and struggling to build up a good strategy

I need ur help

[echo kiln]

Have a look here at the Premium Toolkits we are using
https://youtube.com/playlist?list=PLbqCXsOfrM3P5mb5jY7Ye8pguhmozOKBC&si=heIl6YIiPKDyO_bK

[boreal bane]

Bro I can’t afford to join premiums

[quasi reef]

I went short on the EUR/USD. Did I do it right?

[echo kiln]

Ok, these are the toolkits that we use here

[boreal bane]

Yeah just checked them all out

[echo kiln]

https://youtube.com/playlist?list=PLbqCXsOfrM3NM53V5U9Nf1sgh5gx9yw6F&si=Lv1180EWItGznA8i

[boreal bane]

Okayy,thanks buddyy❤️

[sterile oracle]

sell xau

[edgy berry]

Me too 🤞

[edgy berry]

What’s your tp

UPS

[edgy berry]

What was that 😂

Gold almost hit my SL

[sterile oracle]

i am watching every work on Uncle P

[echo kiln]

What’s up on gold now?

[edgy berry]

I’m in sell

[edgy berry]

Maybe not for long lol

[sterile oracle]

2410

[echo kiln]

Here we go!

[edgy berry]

But I’m very stressed 😂

[fickle edge]

No need

My first tp is 19

[edgy berry]

You think 🤯 I secured my trade but still think will change direction in a second 🙈

[sterile oracle]

listen to the words of uncle P

also look at USDX

[edgy berry]

👌 I still can not handle my emotions every time when I open new trade

[sterile oracle]

no emotion.

Uncle P has been speak for a long time and now he is making people laugh

if he is happy XAU drops

[fickle edge]

As long as you have risk management and money management you dont have to be streesed or worried and i am positive that it will hit my first tp if it doesn’t also normal

[halcyon wyvern]

How

I have buy btc at 57000

Now it 61000

😂

[sterile oracle]

no stress no worry... its order blocks and volune. I am not a perfect trader at all.

but i know how to wait.

today is my golden hour

[edgy berry]

Ok im with you then 👌🤞

[sterile oracle]

welll go to a STF

just get ready to get out on profit

or you will be trapped in asian consolodation market

its behaving

XAu was going way too high

usdx is strong

so XAU drops

uncle P done... XAU will drop

take it easy

[halcyon wyvern]

What is this

Indicator name

[halcyon wyvern]

And bro bro what is this on your chart

[sterile oracle]

its price action concepts

and it shows USDX

in this case

i use it opposite XAU

so it shows me where market is going

i dont tade USDX i use it to see XAU

[edgy berry]

So good will drop now

[halcyon wyvern]

I know the price action concept bro

[halcyon wyvern]

Maybe you have use an indicator

I trade in Bank Nifty

Do you know Bank nifty index

[echo kiln]

Hahahahaha

Aren’t we all?

🤷‍♂️

[sterile oracle]

I am feeling pretty good. Uncle P said lovely things.

normally i do a Biden

[edgy berry]

Hahah you never sound to 😂

[sterile oracle]

Biden is lost and Trump has a sore ear. So noting major

[edgy berry]

😂 love that

[sterile oracle]

let the cal mouth people speak a lot

hope you all did well on the short

good day

i was under pressure 2 hours ago

[edgy berry]

Well I have this all the time 😂

Still going down

[fickle edge]

Hit my tp

[edgy berry]

Im still in but moving my SL

[sterile oracle]

let it travel

[edgy berry]

Im still in 🥶

[edgy berry]

Dm you

[echo kiln]

👀

[sterile oracle]

take it easy

it peaks a lot today

[edgy berry]

I have closed my trade already but thanks for advise

It looks like can go up soon

[fickle edge]

Being greedy is not guud

[sterile oracle]

take it easy means get out when comfortable.

there are many more trades

the market will close soon.. it will take something odd to push XAU up

[edgy berry]

I’m not my tp was lower anyway I just moved my SL so I knew it will profit anyway trade is closed already

[sterile oracle]

if you have made profit.. then relax and eat and enjoy

[edgy berry]

That’s correct my problem is that I always close my trades early so I can’t say I’m greedy more scared lol

[fickle edge]

👍🏻

[edgy berry]

I’m waiting for buy now but will have a look wen market will be open

[fickle edge]

Well 49 is a strong resis

[sterile oracle]

profit scared is better than lost scared

[fickle edge]

I don’t recommend

[sterile oracle]

XAu will drop on asian side a little

we can see in Uk open

i will eat and check in 4 hrd

[edgy berry]

Very true

[sterile oracle]

hrs

[edgy berry]

You think, you might be right let’s wait and see

[sterile oracle]

asian cosolodation... its boring but you can make profit

[edgy berry]

Yeah I notice that already but sometimes you can have nice scalp

[fickle edge]

If gold break 49 with strength i do see 55-60

[daring schooner]

Hey my friends...not sure if we are going to keep going bull. EU has ... Essentially been bull for 12 days. The last day was bear. Perhaps it'll be a 2 or 3 day bear and then continued bull..? On the higher TF bear switch has been triggered but not the daily as of yet. Looking at weekly it looks tripped but of course there's 4 more days to confirm this. If I was trading from the weekly I would have to find another word for boring as it would appear that there's only 6 or 7 trades that one could have placed...

[echo kiln]

New #✍polls just posted

Go and VOTE #✍polls

[echo kiln]

Any thoughts on Asian session now? Slow and chop? Or they gonna trend this one way or another?

[sly escarp]

Does oanda give u funds to trade with or u have to use your own?

[echo kiln]

oanda is traditionally a real cash account brokerage.
But recently, they did introduce a prop firm product, just not sure what countries is it available for.
But I do know, not for USA.

Interesting with GBP/AUD 4H

[tawny warren]

yo bro you can show me your oscillator matrix setting please..🫡

[echo kiln]

Hey there, sounds like you are a subscribing member?
Because, 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

[restive narwhal]

interesting morning. Managed to catch GN on the way up but after giving good buy signals, EU crashed out (1m charts)

any thoughts on AUDCAD, GBPCHF or EU? all look up trend (1h chart) but decent retractions this morning

[sterile oracle]

can anyone remember how to get rid of this...

[edgy berry]

Morning all ☕️

[topaz marsh]

You mean the volume?

[restive narwhal]

top left is "Vol", hit the bin button next to it

it's an indicator on the chart rather than below it (like Matrix)

[rough jungle]

@echo kiln @analog locust

[rough jungle]

currently in a EU sell at moment but only targeting 12 pips

[sterile oracle]

yes

i did this years ago and cannot remember the settings

i remember top left

all good

sorted

sometimes you chart so much you forget the basics

[split night]

Morning everyone

[rough jungle]

Morning buddy

[split night]

How you doing?

I have no milk for my mushroom coffee 😢

[rough jungle]

Not bad currently doing a futures challenge today what Caca got me on too. Really liking futures though compared to Forex ha. But still trying to juggle both but prob not the best idea when i dont feel 100% lol

Ill be having my mushroom coffee in a bit, i have it a bit later in day now im not allowed any energy drinks or anything

[split night]

I’m trying to not have monster but it’s hard lol, I’ve never traded futures before

[rough jungle]

Same its my first day today, its a new world compared to forex though

apparently its easier but NQ moves mad

But im hoping i can apply my pattern strategy to it for entries

Also been trying to learn a EU scalping strategy what i aint finished or mastered yet what i could hopefully apply to it also using PAC

[split night]

Hope it goes well bro

[green bluff]

Morning!

[split night]

I’m just sticking with forex until I can pass a challenge for a prop account

I want to aim for $5000 account first in like a year

[rough jungle]

Thanks, got 6k target with futures. See how i get on.. prob blow account maybe at some point lol

[split night]

The best way 🤣

[rough jungle]

I believe you can do that man! what you eyeing up atm?

the best thing is, you can pay $99 for resets.

if you blow the account

and a 100k challenge is only $99 compared to $599 or whatever FTMO charge

[split night]

Hopefully, by next year I’ll have been doing it 2 years so wanna try my chances at a small prop account

Yeah I don’t wanna go for 100k just yet haha

[rough jungle]

if you can pass a small prop firm, you can pass any size. Its just lot sizes what change, analysis and targets stay same

but your doing it a good way starting small

[split night]

Yeah I get that, atm I’m adjusting all of it to as if I was doing the challenge but it’s more for emotion just to steady myself

[rough jungle]

i think i jumped into a 200k for my first go and blew it LOL

[split night]

I don’t wanna go from £500 to 100k lol

[rough jungle]

and seeing big numbers / using lot sizes what are huge messes with your emotions at first the numbers

[split night]

Yeah exactly

Just taking it steady for now

[rough jungle]

slow and steady wins the race in forex

[split night]

My aim is to earn their trust and then blow the 200k account in 1

[rough jungle]

LOL

[split night]

🤣🤣

[rough jungle]

eh we all blow challenges.. even lost funded accounts in past at beginning

how we learn though

or hopefully learn ha

[split night]

Init lol I’m not ready yet tho we’ll see after Christmas and new year how my trades look

[rough jungle]

how your trades been?

[split night]

Really good atm I’ve got 67% win rate

Just need to improve RR ratio

It’s average at like 1.5

[rough jungle]

oh nice! what pairs you trading?

[split night]

Mainly AU, GU, kiwi & not so often EU

Because I’ve lost on EU most

I’m in AU now

Not going as expected

[rough jungle]

trying mickys and charles 4hr trading style too on GA

[split night]

But it’s cool it’s just hovering it’ll either go or it won’t

[split night]

How’s it going?

[rough jungle]

first time ever using 120 pip sl LOL

i use 2-5

smallest lot size ive done in a long while

its a long term swing so prob take all week maybe.

[split night]

What’s lot size?

Mine are mainly 0.1-0.6 🤣

[rough jungle]

ive just done 1.0

[split night]

🤣🤣

[rough jungle]

i think it should be 3-4 though idk

for 1% risk

[split night]

I’m like a borrower compared to you

1% risk is harsh

I was aggressive with 10% but I’ve taken it down to 4% now to match the challenges to get used to them

[rough jungle]

always risk 1% per trade unless im trying new strategies

although yesterday i was using 0.5% risk on AJ, 0.2% risk on EU and maybe 0.3% risk on gold

till i get my mojo back

10% risk :O?

4% risk? damn

[split night]

Yeah I was aggressive cos I have a small account

[paper ibex]

1% risk is trigered fast and after Sl the chart is going crazy positive

[rough jungle]

ahh thats not too bad then. Ive thought about a suicide account with £300 balance and 10% risk per trade see how i get on

[split night]

And I had it in mind that lets me have 10 losses in a row if I do that then I’m going back to paper trading

[rough jungle]

I trade low timeframes so its not too bad

[split night]

Yeah I was sort of doing that but I thought 10% was alright. My friend told me it’s too aggressive and I was like why

He said if you have 10k account you’ll lose 1k

I was like yeah shit that would fuck my emotions up bad

[paper ibex]

Right

[split night]

If I had 5 losses in a row I’d lose 5k in a week

[rough jungle]

its all monetary value isnt it. If you think of losing £30 per trade on £300 account your like meh... but then if you think about losing 1k a trade on 10k account your like damn!

[split night]

So I’ve changed to 3-4% now focusing on % rather than dollar gain

[split night]

Yeah exactly, he put it into perspective for me

[rough jungle]

best way to seperate yourself from the money and profits and focus on the %

[paper ibex]

Do you use a 2:1 trades?

[split night]

Easier said than done sometimes, especially with small account it feels like I’m gaining nothing now lol

[rough jungle]

i always say though if i can make more than £30 in a year trading on a 1,000 account. My moneys better traded than a 3% PA saving account

[split night]

Depends, sometimes I’ll go for 4+ if it’s possible

[paper ibex]

That is exceptionaly good

[split night]

Yeah I saw your post in here about it, made me think about it and also put it into perspective. It’s hard to get people to understand why I do what I do but you nailed it with that lol

[split night]

Doesn’t happen all the time, I go for 1.5-4+ whatever level I see it reaching determines the RR and whether I’ll enter the trade

[rough jungle]

100% man its just most people think trading is gambling who dont understand it

[paper ibex]

Well i recomand to learn how to read the order book a lot of traders in the begini g have loses because they dont care about it

[rough jungle]

heres a little win rate diagram for you

[split night]

lol I’m in 60% column on row 2:1

[rough jungle]

so you can drop to 40% and still be in the money.

[split night]

I want to be in the 40% column with row 4:1

[rough jungle]

People think you need a big win rate but its mainly your R:R what plays a key role

if you tell people your 20% strike rate

theyll laugh and think your losing

[paper ibex]

Ill keep this

[split night]

🤣🤣

[rough jungle]

but if your 5:1 your in the money

[split night]

People don’t understand

[rough jungle]

Hope it helps you buddy!

[split night]

My friend buys and sells cars for a living and tells me I’m gambling when trading forex

[rough jungle]

Did you read over pips and babypips what i linked you too last night?

[split night]

I was like mate you don’t get that you are buying and selling the same as me just a different item

[paper ibex]

Danny today is a big day

[paper ibex]

Yes

[rough jungle]

good stuff 😎

[paper ibex]

I have to use %

Pips dont work for me

[rough jungle]

Whatever suits your trading style thats why theres various elements to try suit every trader

I always use a fixed SL whats calculated at 1% but i always use the SL value in pips in the backtesters when i use them. But everyone is different 🙂 Hope your enjoying the ultimate package so far

[paper ibex]

Man whitout it i was dead

[rough jungle]

what style of trading you enjoying so far: scalping / intra day / swing?

[paper ibex]

Well i can say each one
But for me what work is in a trend to bite a portion of it

[rough jungle]

trend is your friend

[paper ibex]

I will show you my strategy wen its done
To say that revelsals hit me once liquidated and it done

[rough jungle]

be sure to post it in https://discord.com/channels/641770286638694402/1044693508969218088 when you've done and ready 🙂

[split night]

AU not going well lol I’ve been a bit dumb this morning lack of patience striking me hard and I think no mushroom coffee

[green bluff]

hey ! what are the benefits of trading futures than forex? Easier ? Faster ? Can you make more money ?

[split night]

I trade candlestick patterns as well and like a stupid idiot I’ve entered bullish on what looks like a bit of a shooting star followed by a doji 🤣

[paper ibex]

O man

[split night]

its lack of patience hitting me because it was a bullish candlestick that i didnt let finish

also there was not much confluence across time frames

In a way this also shows that my strat does work when I do follow it, if that makes sense.

[edgy berry]

Is anyone looking at gold?

[paper ibex]

Emotions and patience is the key
Praying to go positive is a mental kill

[rough jungle]

Everyone states its easier but its a lot faster in terms of money what you can make/lose. It's something id never thought of until recently.

[rough jungle]

I always have a trading plan where each elements as per my strategy/confluences have to be ticked before entering a trade

[split night]

was a rushed trade with not much discipline to my strat. overconfidence in it that it wouldnt need as much confluence i think

[rough jungle]

soon as i start to deviate from the trading plan thats when mistakes/losses happen

trading 90% patience 10% trading 🙂

[split night]

yeah thats whats happened today, overconfidence in it i think

im still in the trade its like £5 above my SL lol

[rough jungle]

over confidence can be a killer, i used to always change my lot sizes after a few wins and go bigger then 1 loss would wipe all my smaller wins out

[split night]

i think we need them to keep us in line

[green bluff]

sounds interesting ! what propfirm are you using ?

[rough jungle]

TopstepX for futures if thats what you meant

[green bluff]

Yes thanks ! I'll take a look 🙂