💱forex-chat

[oblique valley]

cool

i dont see the agility option in settings

where do i find it?

[jagged slate]

Advanced

Scroll 2 bottom

[oblique valley]

ah i see it now

[oblique valley]

so less market opportunities today :((

[last iris]

which TF do you most comonly use?

[oblique valley]

30 min

[twin escarp]

11755 on the 4hr. Nas. 🤔

[raw slate]

Hello there, I am new to forex and having trouble setting up my mt4 account to with my broker. Does anyone have a couple minutes to possibly guide me through? Much appreciated 🙏

[oblique valley]

Which broker are you using?

[raw slate]

I am using osprey fx

[oblique valley]

Never heard of it, so whats the problem though?

[raw slate]

Mt4 is in a demo account and I'm trying to get it to a live account.

[oblique valley]

Im sure you have to create a new account for that

[raw slate]

I did create an account and logged in, but it doesn't give me an option to switch to live.

[oblique valley]

You do know that a demo account and a real accounts are 2 different things right

[twin escarp]

I use osprey fx too. Be careful with your lot sizes when you're trading

[raw slate]

Would you know how to connect mt4 to osprey?

[raw slate]

Yeah I understand the difference. I just don't know how to add a live account.

[oblique valley]

Yeah you gotta create a new one

Thats how it is if im using my broker

Gotta create new acc

[raw slate]

I have to create a new account through my broker, not through the mt4 app correct?

[oblique valley]

Yea

The account in your broker should connect with mt4 automatically

Have you deposited money into mt4 already?

[bleak pivot]

Does this chat gobe buy and sell signals?

[raw slate]

It's asking my to pay in Cryptocurrency. Is that normal for forex brokers?

[oblique valley]

No you gotta go to #🔔scanners-premium and sub to a market you want to be alerted to

[oblique valley]

Most brokers offer multiple means of payment, cypto is one of them

[raw slate]

No options to pay with a bank account.

[oblique valley]

You might want to change a different broker if you want to pay by card

Where are you from?

[raw slate]

I am from the US.

[oblique valley]

Oh i see, im from asia so i use an asian broker

[coarse fractal]

you can use cashapp to buy btc but its limited

you can also find a different app to use as a crpto wallet and send it to the broker

[raw slate]

Thanks. I will attempt to figure this out.

[oblique valley]

Good luck

[raw slate]

Can you explain what you mean by limited?

[oblique valley]

I use octafx if you're interested in the broker im with

[coarse fractal]

you can only deposit and send a certain amount to the broker a week

[raw slate]

You stated that you are from Asia, is octafx an Asian broker?

[oblique valley]

Its well known in my country, not sure about the west though

Im sure it works though

Its pretty good

Im heading to bed, im gonna pass out lol

[bleak pivot]

@oblique valley after I opt in what happens next

[oblique valley]

Signals?

[bleak pivot]

Yea

[oblique valley]

It tells you when a currency pair and stuff is going selling strong or buy

[raw slate]

Thanks for your help. Have a good one.

[oblique valley]

You too

[raw slate]

I use binance US for crypto. Would I be able to use that instead of cash app?

[coarse fractal]

yup

[raw slate]

When transferring from binance, would you know which network I would use? Because on osprey, it doesn't give me an option to choose.

[coarse fractal]

Honestly not too sure

[frail kestrel]

hi

What is the best strategy for gold?

[jagged slate]

!strategies

[icy wraith]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[jagged slate]

Some of these may help

[frail kestrel]

Why are candles not showing color well?

Oh thanks I watched them all but they are all on bitcoin and not good on gold

[jagged slate]

Zoom in?

[wraith tulip]

Can anyone tell me what is most trusted broker and and apps on phone or pc do you use to trade

[frail kestrel]

The color is not as clear as it appears in the videos I watched

[jagged slate]

It seems clear no?

[frail kestrel]

It appears in the video more clearly

[jagged slate]

Do you have a screenshot

[jagged slate]

Then look the same to me 😅

[frail kestrel]

Thank you, I'm sorry to bother you, I thought I had a problem

Is there an explanation for all lux algo indicators?

[jagged slate]

!docs

[icy wraith]

Learn about every aspect of Lux Algo at: https://docs.luxalgo.com

[oblique valley]

i use octaFX

its legit, tools could use work but it doesnt charge commissions

[jagged slate]

@lilac bramble Sorry 😦

[lilac bramble]

All good brother 🙂

[novel isle]

any gold chat channel here?

[jagged slate]

Not specifically for gold currently 😦

[novel isle]

Thanks love u guys

[jagged slate]

love u 2 ❤️

[humble tusk]

Who’s trading audusd!

[shell iron]

Hi

[jagged slate]

Hi ☺️

[lilac bramble]

Me 🙂

[humble tusk]

Let’s discuss ideas when ever bro ! I’m here !

[lilac bramble]

Just hit me a dm

[cinder bramble]

hey bro, do u think audusd will reverse back to .69824?

[solemn shard]

do you guys know whats the best forex broker?

im really interested but dont really know the best broker to use

[hexed spoke]

I use Pepperstone and it’s really good. Low spreads.

[humble tusk]

Tbh it could, we need to see the structure using fib and the lux algo all together with other indicators you use on a daily basis

[humble tusk]

Just make sure you check because with news it could change and rally higher into its next zone

[viscid elbow]

Hello everyone, I'm new here.

Hope you all a profitable trade.

Does anyone trade EURAUD pair?

I decided to sell.

Will us30 break, the 5 minute resistance, I think so.

[low sundial]

how do you guys enjoy the lux algo?

i am new

so that's why i ask

[humble tusk]

Pretty profitable and I enjoy although you need to still learn , this will not do everything for you

[low sundial]

great to hear mate yeah i'm looking at some of the strategy video's finding the one that suits me best

[humble tusk]

Might see one last rally before the come down ! News is about to hit and either accelerate to 0.71433 and drop or drop around 0.70700

[cinder bramble]

Hey thanks for ur tips bro, do u think it would break out that resistance and go up?

[topaz marsh]

I have a question I trade in 1H time frame gold and GBP/JPY how many pips should be my profit 50-100 or more please advise?

[low sundial]

I’m now 45 pips plus in profit

Use the trend tracer as trailing SL

Then you will know when to exit

Something that i like to do is when I’m 30-40pips in profit close some partials and move to BE

[topaz marsh]

I am around 130 pips on profit try to be a swing trader just one trade per day more then enough

[low sundial]

Ah great mate

I trade now GU, GJ GOLD , BTCUSD

But i think i will only do GU , GJ since they are easy to start like a day trade on the m15 then trail it for more profits

[modest valve]

Hi forex experts, what do u do in this scenario, strong sell, u waiting for perfect moment.... would you buy because of what the oscillator shows or would you sell due to the strong signal. any tip, I'm stuck on this one. GBP/ZAR

[modest valve]

https://tenor.com/view/hmmm-thinking-confused-gif-14450462

buy gave me profit, sell is now in favor too

[humble tusk]

Have to see what comes with news and how the Usd picks it’s self up or breaks lower

[cinder bramble]

I’m still new to trading so I have only relied on TA so far. Can you share any source for news? Much appreciate

It looks like an ascending triangle in the pic above but my ancestors are telling my its not gonna break out but going back down instead 😂

[jagged slate]

#854811599450013757

[cinder bramble]

Thanks heap

[toxic robin]

Slowly learning forex. Using demo account now. NAS100 🔥

[feral reef]

Is there anyone works on GOLD

[low sundial]

Me

[warm wyvern]

Anyone from India 🇮🇳

[feral reef]

How its going , and can you please help me through

[feral reef]

I just want to work with gold on LUX

[low sundial]

I will send you the video that i use for trading gold

https://youtube.com/shorts/zcjqLm0SN0I?feature=share

[feral reef]

Could be great bro thanks

[low sundial]

This one

From the strategy I tested this one is most simple for me and works amazing

I use it on GU , GJ , GA , GOLD

[feral reef]

what tf best for LUX

[low sundial]

I think that’s subjective but my favorite is m15

[feral reef]

So you buy when its holding above tracer and sell when its below?

[low sundial]

Yes and when i get a signal

And close when i see a X

[languid grail]

where do you guys trade gold? which broker?

[coarse fulcrum]

@languid grail has earned the Lux Level 1 role!

<@!541943815477395459> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[low sundial]

IC markets

[feral reef]

Is it possible to show 2 -3 examples please

[languid grail]

😆

[low sundial]

Will show you one i had on GJ today

[feral reef]

ok could be nice

[low sundial]

I took this trade

[feral reef]

so stop is above tracer ? or how you put it

?

[low sundial]

Yes a bit above the tracer

[feral reef]

I see I'll try on gold

[low sundial]

Yeah sure good luck mate

[feral reef]

15 min right

?

[low sundial]

Yes i use m15 but you can use any chart that you like

I personally don’t go lower then m15

[feral reef]

what about setting did you change anything ?

[viscid elbow]

@low sundial I use 5m for confirmation? I'm correct?

[low sundial]

Only in the chart i use the optimal sensitivity recommend on the MTF as you see in the picture shown that i send

[low sundial]

Depends on the strategy that you use but m5 is great for scalps for sure

[feral reef]

a bit different than your chart

dont know why

[low sundial]

I have it zoomend in on my phone

[low sundial]

Do you see below MTF?

[feral reef]

yes

i made it 18 but shows here 15 as in your chart

[low sundial]

Maybe this video will help

[feral reef]

Yes I did change

Thanks

[low sundial]

Ight great!

[coarse fulcrum]

@low sundial has earned the Lux Level 1 role!

<@!897491784849059840> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[low sundial]

Will share some setups tomorrow

[humble tusk]

If your new please these are the key things to learn besides patterns!

#price action
-key zones
-support and resistance

• trends research
• times of trading
• mental & emotions of trading

After is news and other currencies that push what your trading

[humble tusk]

Sources of news

• Forex factory
• investing.com
• fx street
• daily fix
  -30 rates

Daily fx

[low sundial]

something i like to do is use the 1hr as trend and the m15 for signals and then in a uptrend target the next res area for target and in a downtrend target the sup area as target to get best return on investment

so enter on m15 target on 1hr

another interesting indicator from lux trama can be used to detect the trend

i'm in this position right now selling GJ untill 156.000

[past acorn]

🔥 🤝

solid

[jagged slate]

TRAMA ❤️

[low sundial]

Trama is OP

Like yeez

[jagged slate]

A fellow man of culture

TRAMA is my love

[low sundial]

What length do you recommend?

[jagged slate]

I like 100

[low sundial]

Alright and that’s longterm trend?

[jagged slate]

yep 🙂

[low sundial]

Ight

I have it on 50 right now for mediumterm trend

When i see potential in my daytrade i let in run with the trama

[low sundial]

Running already 25pips crazy 🔥

[humble tusk]

How do I set it up to see what you guys are talking about , I only use ema’s - Mac D - and fib

[low sundial]

My indicators are
Lux algo & Trama

https://youtube.com/shorts/zcjqLm0SN0I?feature=share

And check this video for how i trade with lux algo

[humble tusk]

What is trama

[low sundial]

The best EMA

It’s another indicator that can help you identify the trend

[humble tusk]

Do you have to pay for it or is it free

[low sundial]

trama is for free

lux algo is payed

[humble tusk]

I got lux it’s been working great ! Up 200 pips since Monday

[coarse fulcrum]

@humble tusk has earned the Lux Level 1 role!

<@!714854887766097981> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[low sundial]

great mate!

[humble tusk]

Thank you for letting me know

[topaz marsh]

My biggest achievement 300 pips in 24 hours in 1 hour time frame so happy 😀

[low sundial]

great trade!

[humble tusk]

With the trama , do we get out as soon as it touches it

Reaching for 70

[low sundial]

i use the trama only for trend direction i use the trend tracer as trailing stoploss

and for the trend tracer i close my trade when price close above the tracer in a downtrend

and for a uptrend when price closes below the trendtracer

that's if i'm trying to get bigger profits

[humble tusk]

💎💎💎💎💎

[low sundial]

Anybody that’s looking at GU , GJ I will be focusing for buys when i see strong bullish signs on the m15

[low sundial]

How many pairs do you guys trade

[ebon viper]

hello anybody who trade gold spot only

i am gold and cruide oil trader any body have any idea

[low sundial]

I am selling GJ in 20 sec

[low sundial]

Straight 10pips in profit

[icy wraith]

guys, just subscribed to LUX membership..can anyone guide me how to use it?

[jagged slate]

Welcome @icy wraith 😎

!docs

[icy wraith]

Learn about every aspect of Lux Algo at: https://docs.luxalgo.com

[jagged slate]

Our docs are a great place to get started

!strategies

[icy wraith]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[jagged slate]

And here are some nice example strategies

[low sundial]

GJ becoming interesting for sells

[low sundial]

My bad didn’t check well the market is ranging

[icy wraith]

GJ seems long in 15min

right?

[low sundial]

Yes

[icy wraith]

do u go to lower time frame such 5 min to get clear entry?

what if the trend signals are opposite to each other

[low sundial]

I don’t like the 5min to fast for me

[icy wraith]

ok

[solar python]

Today we were killing it yet amazing signal from the LUXALGO❤️🙏

[icy wraith]

how u decide the stop loss

and tp

[solar python]

Stop was below bullish engulfing confirmation and tp just 2 times more than my risk

[solar python]

Somehow lux gave exit signal in the same candle where my target got triggered

[icy wraith]

which indicator says bullish engulfing confirmation?

[solar python]

No indicator is used for that that is candle patterns

[icy wraith]

ok

what indicator u used ofr entry??

[solar python]

When the candle changes to green i buy

[icy wraith]

above trend tracer?

[solar python]

And trend catcher🙂 and the trendline

[icy wraith]

ok thanks

mate

[solar python]

🙏

[icy wraith]

any comments how to avoid this?

[coarse fulcrum]

@icy wraith has earned the Lux Level 1 role!

<@!774387459819700254> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[icy wraith]

how to make entry on this particular scenario for buy position

sorry but i am begineer ...so might be might question

[latent mortar]

anyone think this is a bullish or bearish trend?

[icy wraith]

i think it was bullish

now its moving sideways

[latent mortar]

thanks man

[lilac bramble]

Best way to trade the market atm is by going bullish on the right bear pullback

[icy wraith]

any one in GBPJPY?

[low sundial]

Nope I’m in buys on GU

[low sundial]

But GJ had some nice buy opportunities

[icy wraith]

yes

i am bit struggling with the SL thing

dont knwo which is the best range to put ...sometimes i get out too early and sometime i make big loss and the tp is too high

is there any suggestions on that?

[lilac bramble]

Harry, use the ATR to put your stoploss

And if not then just use 1:2 like let's say you want 30 pips then you put your stoploss at 15 pips, a trader has to be confident enough to know where he's SL is going to be placed and his TP

Learn those 3 skills on a demo acc, "Entry" "TP" and SL, they are so vital for you to learn 😄

[low sundial]

Something what i do is when price comes close to the trend tracer and i see a large rejection to enter the trade I have this rules

Risk max 2% per trade
Place SL 10pips below the wick
Close 50% of the position at 1:1RR.
Close full trade when i see the X or when trend starts ranging

[icy wraith]

somthing like that

?

[low sundial]

I mean like wick rejections

[icy wraith]

do you have any example to show

that would be great

[low sundial]

Yes will send an example in 15min driving home now

[icy wraith]

ok thanks mate

[low sundial]

the arrows show for what type of rejection i'm looking for

@icy wraith do you know how fib levels work?

[icy wraith]

just heard of it

dont know exactly how it work

it tells the retracement at specific percentage levels right?

[low sundial]

like with fibs you can indicate where the end of the retrace is and join the trend

like hear you see GJ coming in my 50.00% fib shows their might be a chance that price will go up again

[icy wraith]

ok

so u might place ur SL around 61 %?

as this is under the wick you looking for

[low sundial]

more conservative SL will be below the 61.80 (golden number) agressive SL below the wick

[icy wraith]

is fib included in aglo?

[low sundial]

when you open trading view and go to the tools you will see the fib retracement

it's a free tool

[icy wraith]

if i have to enter this trade after the sell confirmation and all

shall i draw fib level in red direction

or blue (from bottom to top)?

[low sundial]

i will send you a video that you will know how to draw fibs correctly

[icy wraith]

ok many thanks ..great help . much.apreciated

[low sundial]

https://youtu.be/Kz6-8nQLRHM

i used this video to learn how to draw fibs

[low sundial]

no problem you can ask as much as you want the better you know what you are doing the more you will benefit from the great indicator lux algo

[icy wraith]

yes... i am trying differnt algo indicators to get hands on

[low sundial]

another big banger with lux closed half already and moved to BE

[icy wraith]

do you use aglo strategy in all charts

or u have preferences?

[low sundial]

i only look at the m15

[lilac bramble]

Hmm can't really read this - EUR/JPY

Seem like there is head and shoulders to me

But still it's reflecting of the demand

[raw slate]

Hello and happy friday everyone.! I have a question about supply and demand and hope that someone may have an answer to my question. I trade on the 30m TF. Is it recommended to locate S & D zones on the Daily TF ? some zones go back to 2019 and im not sure if those zones should still be used?

[lilac bramble]

Go to daily, use the highs and lows there, move to 1 hr, use the highs and lows there and set up a Demand/support

Then move to the 30 min and see how the chart reacts

[craggy comet]

hello im facing an issue using lux premium indicator when setting alarm for trend tracer

it keeps informing me in the alert management tab that there is miscalculation error

i have to keep restarting the alert

[outer linden]

I had this issue too

[craggy comet]

did you the have the same issue with trend catcher?

[craggy comet]

.

[outer linden]

Mine was with Trend tracer

[craggy comet]

yeah we need this to be fixed its really frustrating

@flat umbra

[outer linden]

I had the issue with Trend tracer and also my alerts kept triggering even after using per bar close

[jagged slate]

When you set the alerts:

-Ensure only the trend catcher is active

• Select trend catcher up/down

• Ensure once per bar close is used

[low sundial]

Thoughts on GJ?

[carmine dirge]

Holding EUR/GBP since last 2 HR. Going well.
https://www.tradingview.com/x/f3d4mjOG
More than 100 pips done.

[modest valve]

EurUSD edge upwards, already pass resistance 1 1.0633, could it reach 1.0662, thoughts experts?

[carmine dirge]

A retracement till 1.0610 will create a good buy opportunity, as per my opinion

[modest valve]

Ja I messed up a bit, I'll wait this time

https://tenor.com/view/kevin-hart-kevin-hart-damn-gif-22709278

[modest valve]

do u think there's a similar opportunity for GBPUSD?

or we wait on the us session, a sell confirmation on EURUSD 15m but I'm still waiting

[carmine dirge]

Check out 1.2540 to 1.2550 level closely on 1 HR TF. See how will it reacting! If a consolidation and bounce comes then we can try to find some good buy entry. Overall sentiment positive

[low sundial]

GBPUSD Pump up 1.26000+ tapped in on strong 15min demand zone

[rotund mortar]

Is NAS100 gone reverse trend ? think soo.... check 4 hr chart

[dreamy junco]

Hello guys i am new to lux algo premium, does someone here know what is the best settings for xauusd scalping. Thank you in advance

[azure lake]

see in the optibot channels in the commodity embed 🙂 More info here https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signal-settings

[dreamy junco]

Ok thanks

[raw slate]

Good day everyone! Alex here with a question about supply and demand. I drew my supply zone, which had tested once. Then price broke through the supply zone and came back down. Retested supply once again. Is my supply zone still valid after price has broken though like this? Also, if anyone has 10 minutes to chat about S/D it would be greatly appreciated.

[edgy ginkgo]

that would be called a false break on the supply zone, in other words resistance. it tried retesting in that area therefore it didnt break. so it will be considered a down trend from what i understand

[urban perch]

Anyone day trading or swing trading forex that can assist me with best settings? Thank you!

[flat blaze]

You need to use the Optibot settings for whatever TF you are using.

[urban perch]

I will look into it, I usually use 15M… thank you Pike

[echo kiln]

For me, for now, I use AP, with AP frequency long term. This way, the chart prints very good signals going with the longer trend only, and doesnt print too often, prevents me from over-trading, by trying to take every signal, if I had the settings on a shorter frequency or tighter optibot settings. Most days, there maybe 1 or 2 of these AP long term entry signals, I may or may have missed it, because they occurred over night or I didnt wake up in time, which is ok. Then when I am ready to trade, I analyze my chart to find a good entry, waiting for a pull back bounce to enter in direction of the original trend. If I use optibot or some lower settings to get more signals, that is when my head is all messed up and try to take some more entries based on the signals only, which may happen at a faster pace and not allow me to think and analyze my chart in time, and then I would have FOMO and just blindly enter just because there was a signal that fired off. Hope this makes sense. Maybe Ill change this up down the road, but I fund this works for me, now, to prevent me from over trading, and forces me to analyze my chart for my own entries, instead of blindly waiting for the signal to print on my chart.

[summer wedge]

Amazing write up @echo kiln displaying the importance of capital preservation👍

[echo kiln]

By all means, I am NO expert, Im new here to this group, but know my way around in the trading community, I have lost, have won, lost more, won little, then lost much more. So I am no expert, but this game plan I just described, with the LuxAlgo goodies, has made me a better thinker when my finger is on my mouse ready to take a trade....

[echo kiln]

Thats the key, if you walk away at the end of the day not making a trade, or just making $10 or $45, you will FEEL much better about yourself, versus losing $200, $800 or more, by taking too many losing trades. And then you will have that sick feeling in your stomach, the rest of your day is crap, and your in a bad mood. Id rather walk away making nothing, and losing nothing, or make only $5, and we live another day and learn some more......

[urban perch]

Thanks Micky, I can’t find AP. Is abbreviated?

[echo kiln]

oops, sorry, its called Auto Pilot

Look at these longer time frame 4hr charts on 2 different pairs. Same AP settings that I mentioned. Now I go to my shorter time frame chart and enter/exit... Lux really makes it simple and easy on the eyes.....

[urban perch]

Awesome thank you

[echo kiln]

shhh keep this a secret, the forex gang dont get too much love here, we cant compete with the sexiness and coolness of crypto LOL (joking)

Or the mystique of @half wing , he is the king, and very good at what he does, props!

[half wing]

my crown was bought on wish.com

[summer wedge]

@echo kiln what TF is the short one on? 15 mins?

[echo kiln]

I try to be disciplined and only use 30min and 15min for the kill, but sometimes I am tempted to go to 5 mins, but I know I shouldnt.

There was a time I used 1m, that is a bad decision, it may look good on some days and then you start to trade on that 1min, and then it punches you in the gut, and you learn your lesson pretty quick

[summer wedge]

cheers @echo kiln

[summer wedge]

@echo kiln which oscillator option is this one?

[echo kiln]

the TV link is posted in the new-indicator channel here

it was updated i think 2 days ago

Classic mode

[summer wedge]

all i can see is:

[echo kiln]

https://www.tradingview.com/script/Pavic6cz-Lux-Algo-Classic-Normalized-Oscillators/

[summer wedge]

thank you i have added them now, will play around and back test, thats my sunday evening gone 🙂 thank you @echo kiln youre a blessing for us new members 🏆

[echo kiln]

Im new here too, just been around the block with trading and I just know what Im looking for (hopefully)

And I'm still learning from other more experienced people here in this group.

[summer wedge]

same here

i think ultimate macd wins over classic oscillator as it catches the peak and low ahead of the classic .. still back testing though

[ebon viper]

i lost all my money trading gold

[echo kiln]

Just now?

[ebon viper]

when gold high 1869

[indigo trench]

gotta become the stop loss boss bro

[solar python]

I think gold is the easiest method to lose money it has become so volatile

gotta be right side

[near yew]

first time being in this channel

all i gotta say is wtf yall do

[past acorn]

ayo @near yew

welcome

[near yew]

ty ser

forex is insane idk how yall make money from forex

looks fun tho

i know peeps made money the russian ruble tho

[past acorn]

yeaaaaaa

i stay in the crytpo lands

we have a good amount of forex traders tho

[near yew]

prob da only time big profits

looks cool tho

[near yew]

yea pretty cool

cool how u can trade the dollar

[edgy ginkgo]

anybody ever trade in 5min charts?

[real compass]

All I trade in but never forex

[edgy ginkgo]

is there's a buy signal. but its dropping. does that mean it will go up eventually. because MTF says its bearish o.O

[near yew]

Imma try forex tmr

Where do I start tho

Like does Webull support this stuff

And what’s do I do

Like can I short the US dollar or someting

[topaz marsh]

anyone trading using ftmo ?

[last iris]

no, but someday i would like to try their challenge

[dim steppe]

👍

[dim steppe]

you can short DXY through a broker that offers it as a cfd

[near yew]

ok so i tried this forex stuff

idk how yall can read this

[echo kiln]

Forex pair look beautiful to me 🤷🏻‍♂️ 🤪

[dim steppe]

Been day trading with Lux no issue for a bit

Anyone with some swing strats they would be willing to share?

Looking for a bit more of a set and forget type

[thorn valley]

Can anyone recommend a broker for U.S. residents?

[echo kiln]

I use Oanda and another one is Forex/com. I believe there’s are the 2 major ones for USA residents, and they are headquartered here in USA

Both integrated with TV so you can trade off of TV charts

[finite pecan]

Thank you LUX. 117 pips and nearly risk free trade now.

[past acorn]

🔥🔥🔥

[edgy ginkgo]

margin is such a big issue for me. only so much i can trade in one pair

[finite pecan]

I have no problem trading at 50:1 leverage in my forex(.)com account. The above trade I shared just netted a 4.1% account increase in 1 trade. 130 pips.

[solar python]

I got that same trade, roughly 100 pips💯💯

[solar python]

I’m starting to love this new macd😍 46 pips closed

[tight oasis]

What happened with Forex news channel? Last post is 16th May

[jagged slate]

ah will fix

[near yew]

Damn y’all forgot abt the forex nerds

We Matter Ser!

Jk have 0 clue how to trade forex still learning

[distant tinsel]

Currently 48 pips profit booked at tp 1 holding for 1 :3 RR

Total profit till now 1 lot :- 383 usd

Thanks to LUX ALGO...

[solar python]

Luxalgo hits different💯

[keen salmon]

Worth every penny 😎

[tall prairie]

Congrats. May I know which settings are you using?

[keen salmon]

Absolutely bro! 10 for sensitivity, and 27 for agility on the 5 min. I only take strong signals and usually only take one's that are at a level of support or resistance.

[tall prairie]

@keen salmon Thank you. Happy for your big profits!

[keen salmon]

@tall prairie Thank you! Happy Trading!!

[tall prairie]

Is it a demo or live account? Hope it was profits for live account. Do you use any Lux Algo overlays and oscillators for confirmation?

[keen nest]

Nice 🙂

[keen salmon]

This is on my FTMO Account. The only things I use for confirmation is trend tracer, catcher and vwap.

@tall prairie I also only take trades if the lux dashboard is trending.

[keen nest]

My first trades, a small failure on the last one

[keen salmon]

More wins than losses bro. Good job!!!

[keen nest]

@keen salmon ty bro ! Of course, but I still have a lot of progress to make 🙂

[keen salmon]

Your on the right track! What's your strategy?

@distant tinsel nice! Happy trade indeed ☺️

[keen nest]

@keen salmon I don't really have one yet, I'm looking for a strategy that might work for me! That's why I'm playing with small lots

[distant tinsel]

Target done as exit signal appears...

Well FULL TARGET HITTED!!!!

1 : 3

[coarse fulcrum]

@distant tinsel has earned the Lux Level 1 role!

<@!973902695847067678> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[tall prairie]

Thank you for sharing.

[humble tusk]

What’s the best way to find an order block ?

[tall prairie]

Which preset gives you guys the best result?

[humble tusk]

Depends on what your trading even with the settings

[distant tinsel]

Bro, in my opinion you should have to watch this, this one is a simple startegy..

https://youtu.be/g4K_Bh8JtEo

[icy wraith]

@humble tusk there is some good videos on youtube about how to spot order block.

[cedar fossil]

hey everyone

[distant tinsel]

https://tenor.com/view/hello-there-private-from-penguins-of-madagascar-hi-wave-hey-there-gif-16043627

[humble tusk]

Y’all ready for this powerful week !!!!

Going to be buying - U/Cad and selling - A/usd ! Let’s make a couple hundred this week !

[humble tusk]

Yes ! I definitely found a new teacher and this week his teachings will be implemented

[humble tusk]

Hope everyone got in those calls 😎💎

[tall prairie]

Hi guys, any of you is having good results with Lux? What settings combination like which preset, overlays, oscillators and time frame are you using?

I see a lot of successes for those trading crypto with Lux in the profits and testimonials page. Lux is a set of powerful tools. Hope to harness its power more effectively.

[topaz marsh]

What is the best trading set up yall use

I lost so many trades

[nova grail]

Im still trying to figure out lol

[dim steppe]

find support and resistances

trade off those

[hushed dawn]

It really depends on your personality for me personally I have found the most success on swing trades but it took me a couple years to develop the patience needed. And always trade with the trend lux has good trend tools or you can just use ema's if you prefer. That's just what works for me

[tall prairie]

Luca, thank you for sharing.

[icy wraith]

5️⃣

[solar python]

Another blessed day🤯💯 it’s really hard to lose in this new luxalgo😂

[craggy comet]

woww nice job man keep it up

[craggy comet]

may i ask what settings are you using

[solar python]

Basic autopilot settings, long term autopilot frequency

[craggy comet]

thanks bro

[solar python]

You’re welcome

[tall prairie]

Thanks for sharing. Do you use any preset option? Which overlays and oscillators do you use?

[tall prairie]

How many pips is your SL?

[solar python]

No presets. Neo cloud, trend catcher and hypertrend. Macd to confirmation

[solar python]

Depends… but usually just below the neo cloud

[distant tinsel]

U trade on STRONG SIGNALS or BUY/ SELL one ?

[solar python]

I do trade both but only trade in the 4hr direction

[distant tinsel]

Can u please share the criteria u see before entering into trade ?

[solar python]

I really can’t help you on that matter bro… you gotta find out what works best for you… the fact that it works for me might not work for you

[coarse fulcrum]

@solar python has earned the Lux Level 1 role!

<@!755148714578018417> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[distant tinsel]

If u share, so i can analyis that if it suit me or not..

[solar python]

Let’s say for example you got buy signal so you wait for price to go above neo cloud and trend catcher is green and macd cross over

[distant tinsel]

https://tenor.com/view/thanks-thank-you-dwight-gif-3898407

[solar python]

🙏

[tall prairie]

Thank you bro

[tall prairie]

Which timeframe chart do you see for the signals after you check the 4h chart?

[solar python]

I don’t ”check” 4hr exactly, there is dashboard on the right side corner which tells if the 4hr downtrending or uptrending. So i really don’t care which timeframe i got the signal except i never go below 15min. Most times i trade 15min trying to scalp anywhere between 10-100 pips. Sometimes i swing trade 2hr if i find some nice setups

All that matters is momentum imo

[echo kiln]

Todays session so far on CAD, white box is where I scalped my 10 pip short, hard TP. Just go with the trend. Very tempting to hang on to these trades until LUX tells me to close out 🤷‍♂️

[tall prairie]

Thank you so much for your generous sharing. I appreciate it a lot.

[tall prairie]

What is your average lot size?

Do you set a take profit?

How long do you usually let your trade run?

Do you set your trade and let it run by itself, or do you sit at the computer and eye the trade till you close it?

I find that the lot size is important for trading longer time frame. The price fluctuations are wide and can cause stop loss or even margin call. Sometimes, there are sudden spikes up or down, especially during news announcements.

[tall prairie]

Do you move your SL around during each trade, or use trailing SL?

Which pair and session do you usually trade?

I move around the active pairs. I sort the volume and check them from the highest volume downwards. If I don't check the volume, I tend to go to EU and GU.

I trade mostly London and early half of US session. For Asian session, the volume is low.

[median kettle]

learn about market makers

the main trick is to enter the trade a little later, after the MMs have chomped at stop losses a bit

[tall prairie]

You are right about market makers' tricks in price movement to hunt retail stop loss. It can also be due to institutional players making their moves in liquidity zone.

[coarse fulcrum]

@tall prairie has earned the Lux Level 1 role!

<@!440999871462375435> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[tall prairie]

EJ at 7 year high. Any thoughts?

[solar python]

I think it will eventually go back to test 140.00

This will be 10th bullish candle on the daily haven’t seen such bullish market for a while but it can’t go on forever right?

[echo kiln]

Took CAD short for 1 standard lot for hard TP 10 pips, and re-entered half standard lot for hard TP 12 pips. Both hard TP's closed out for $134 tot. Not much, but my daily goal is $100/day and shut it down. After I get the hang of the LUX charts, I'll double/triple up my lots for daily profit $200-$300/day. Im not a big huge trader like most people here, but trying to be there 😜

[nimble palm]

Wtf.. everything is the opposite

Colore of candle,long posotion,short

I buy at mt4 he sell wtf

[echo kiln]

Did you contact TV support? Maybe you change candle colors in the settings?

[nimble palm]

I will now

[tall prairie]

You may have checked the "invert scale." Look for the circle above the word "auto" below the price scale. Uncheck the "invert scale."

[upbeat harbor]

Is there anyone here who can help me find the best setup for gold trading on 5M timeframe?

[nimble palm]

I’m also intrested..because for now is not really profitable

[azure lake]

you can check a few setups here https://docs.luxalgo.com/getting-started/popular-strategies/, for gold you have optimal settings here #800747939226976266

[echo kiln]

Try using the LUX entry signals on the 5min chart with a small hard TP, maybe 2 or 5 pips. Lock in a "WIN." Then feel good about it, and then you can build from there. Wouldnt you think, even if you took a wrong trade, the trade will go to at least 1-5 pips before reversing on you? Its easier to guess a scalp for 2-5 pips, but its harder to scalp for a target of 10-20 pips....

Lock in a small "WIN", just to start

[tall prairie]

Share something useful I found regarding the SR & Patterns indicator. When you hover your mouse over the Detected Pattern in the dashboard, a bubble will appear with more info on the pattern detected.

[tall prairie]

Be careful with gold.

[tall prairie]

Which pairs are you guys looking at today?

[prime elbow]

Is there an indicator for supply and demand zones?

[past acorn]

yes @prime elbow

Lux Algo SR & Patterns

Breakout Zones

[vale crystal]

Does anyone trade with PrimeXbt? How do you find the prime XBT chart on Trading view ?

[tall prairie]

That move upon news announcement for EUR pairs earlier was killer. Many must have been stop hunted.

[hushed dawn]

The European Central Bank announced coming rate increases so the move was probably because of that

Sorry you said that already lol my bad

[brazen timber]

Hi, I use this indicator too, but I don’t know which better temporarily use for good accuracy, which you use ? 15M ??

[tall prairie]

There are other much better traders here. They can advise you better.

I tend to look at each of the higher timeframe, for example, the 1 day, 4h, 3h, 2h, 1h and 30m, to look at the trend direction. Then, I watch a lower time frame chart and open my trades from there.

[brazen timber]

I was trying in 1H and up but doesn’t work like minor timeframe, I use to watch high timeframe too , it’s the first thing that a trader have to before open any trade. Thanks Sr and good luck 👍🏻

[solar python]

Closed my position little bit too early but hey, almost 90 pips so definetely wont complain🤩 thanks luxalgo for another wonderful trade

[tall prairie]

Congrats!

[brazen timber]

Anybody trading Nasdaq???

[solar python]

Seems quiet today

[brazen timber]

Yep, the better chance was early morning

[solar python]

68 pips i’ll take it. Done for the day and week and it’s only 10 am here. I love you lux ❤️ and everyone else here, i appreciate all the support i got here to improve as a trader. Have a good weekend guys!!

[past acorn]

Love it!! @solar python 👏

well done

[summer wedge]

thanks for sharing and well done mate, love the success stories .. keeps me motivated

[half thistle]

pull out 6r on the day lux is fire , no cap helped me out my drawdown

[naive raft]

I everyone I am currently new to the group. What strategy are people using I have this set up atm on my screen. Any advise will be greatly appreciated please.

[sour delta]

what exactly is the strategy, mate? crossovers to long? and confirm with above?

or is it trend tracer/catcher?

[naive raft]

That’s the trend Catcher. I have no strategy atm and trying to work on one but keep getting lost in everything 🤦‍♂️

[sour delta]

check Lux videos, mate

plenty of options there

those you can watch and analyse yourself, here you will only get more confused, as many of us have different strategies and ideas

also, to make sure you don't start on the wrong foot, Trading View has something called Paper Trading

[naive raft]

Thanks any recommended strategy’s for a beginner? We’ll beginner to lux

[sour delta]

play with the strategies there first, before moving to real trading

it will save you time and money 🙂

p.s. no need to rush into anything, currencies are not going anywhere

[naive raft]

Yes am doing will look at some more videos try get it together thank you for your advise

[sour delta]

they will still be here when you finish with your learning curve

[naive raft]

🤞

[sour delta]

well, learning and testing

not every strategy can suit a person

personality, traits, behaviour, all have a saying in that

[mental forge]

guys someone uses fpmarkets maybe? getting error "trade disabled"

[tall prairie]

Congrats. Do you usually open market orders, limit orders or stop orders? Any tips on how you choose which pair to trade?

I usually open market orders. When choosing a pair to trade, I try to see if there is a clear direction. Trying to improve on my trade process.

Any idea how we can anticipate the downturn near the cross hair vertical line before it happens, before Lux Strong Sell signal appears? It's GBPCAD. Lux Pivot Oscillator is showing the point now but it was lagging. Schaff Trend showed that point in the over bought zone. Which other leading indicators are useful?

[midnight eagle]

May I ask what strategy is used in this trade?

[tall prairie]

levatsu99 was kind to share his strategy. You try scrolling upwards. I asked him a few days ago.

[solar python]

Only market orders. Limit or stop orders might work as well but haven’t tried it on this strategy. And trade volatile pairs and volatile trading times (like market openings). Keep track on the upcoming news.

[solar python]

Explained above

[solar python]

Another great tip is to see currency strength. I don’t know if lux algo have this kind of indicator but currencyquake.com gives you detailed information on various timeframes which pairs are strong and which are weak

[tall prairie]

Lots of trading gems shared. Thank you levatsu99

[vale crystal]

Does TV is down?

[tall prairie]

Not down on my side. Both desktop and mobile app working.

Weekends: time to do replay and backtesting.

[tall prairie]

How many pips do you guys put for your stop loss?

Is it better to exit at the confirmation exit X or when the opposite signal appears?

[half thistle]

SL should never be fixed I place SL based of market structure as well as volatility.

[half thistle]

Either way is okay but it’s always good you have multiple ways of knowing when to exit your running profit be nimble in the markets 💯🙏🏽

[tall prairie]

Thank you. I move my stop loss during my trade.

I'm using Lux autopilot long term signals and is thinking the optimal way to set the SL.

My broker has a quick trade function and I can open every trade initially with a fixed SL pips. I am thinking what is a good number for this. I usually use 10 or 15.

When my trade is positive, I move up the SL to break even or some profit and let the rest ride.

We can use SR as a guide, Neo Cloud or ATR multiple of 2.

But when it's going negative, that's where I want to improve my SL management.

Reflecting on my losses, I see that I lose more when I increase the SL amount during a negative trade. Have to be disciplined, accept the loss and stick to the initial SL.

[half thistle]

Well proper money management you should have a system to cut losses early ☝🏽

So if it’s a position that doesn’t go in your direction enough to Break even what I do is once my trade is 1:1 I break even but to cut my losses I have a trend catcher or trend tracer or even EMAs so if price break above and closes above or below one of these indicators I close the trade immediately this how you survive long term you can come up with your own cut loss system but that’s what I use to exit early as well as a second indication to close my running profit , also I take 50% off the table which is 1% of my 2% initial risk at 1.5:1 and let the other 1% run for what the trade is worth

Sometimes will take my whole profit at 1.5:1

[tall prairie]

You mean you close the trade when Trend Tracer or Trend Catcher changes color? Also, when the moving averages show a change of trend?

[half thistle]

No not change Color . So let’s say in trading a downtrend I want price under my trend Catcher so if price break above and closes I exit for a small minimum loss vice Vera for a downtrend .

The reason you don’t want to wait on the trend catcher to change color is because it’s moves slower the MA and acts as SnR also price would of already hit your SL by the time it’s changed color .

[tall prairie]

Understand. Thank you so much.

[tall prairie]

Learn something new about Trend Tracer and Trend Catcher. I have been looking at the color only for these two. Indeed, the candle crossing is earlier than the color change. Appreciate your sharing.

[half thistle]

Happy I can shed a new approach to your money management cutting losses are way more important then trades think 🙏🏽💯

[tall prairie]

Totally agree. Risk management is the most important part of trading.

[sharp canyon]

Crypto

[hushed dawn]

Let's have a great week

[sand lantern]

22 steps away from my plan being complete. Let's get a few more accomplished this week.

[tall prairie]

Sounds interesting. What plan is that?

[sand lantern]

Sorry, I missed your response. It's a 30 step plan I saw on The Moving Average's YouTube channel. Gradually increasing the lot size and take 20 pip moves each time. He starts off with $20 and the plan is to get to $52,000. I'm up to Step 11 now. Three more between last night and just now.

[wooden nest]

Hi guys does anyone here do any type of automated trading?

New to forex was wondering if lux was good for automation buy and sell signals

[last iris]

i am trying something, but no real result for now

[faint hollow]

what broker do ya'll recommend for Forex?

[plucky yarrow]

Anyone has any tips on how to use lux algo for forex?

[jagged slate]

Which timeframe do you like to trade? 🙂

[plucky yarrow]

atm i am scalping crypto on 5 min, maybe best staying at my current tf?

I mean.. crypto and forex work differently so maybe on forex its better to use a higher one like 15 min?

[jagged slate]

It would be a similar concept but I'll let the forex squad maybe give some advice here 😄

[plucky yarrow]

lol thanks

[topaz marsh]

I have a question I trade for many years and buy this indicator as so many people was recommended to me that I should have. I usually trade breakouts retests and support and resistance and supply and demand these 3 strategies but with the indicator doesn’t matter how I will set up the indicator gives the signal to late already the previous bar make a move of 20-50 pips then I received the signal why is that I watch all strategies but doesn’t really understand

Anyone that can explain how I can catch the signal from the first candle not when the candle is close and open a new candle

[jagged slate]

If you want to catch the signal why wait for the close?

You are able to enter earlier if you wish 🙂

Just at a higher risk

So you're following which strategy mainly?

[verbal crag]

Hi guys, i just come in this group

Where can i find the signal?

[azure lake]

from discord you can have signals enabled here #🔔scanners-premium , you can also set signal alerts on Tradingview directly 🙂 See our docs for help https://docs.luxalgo.com

[topaz marsh]

The signal luxalgo give me after closing the big move so my question was how to set the luxalgo to give me the signal before not on the next candle

Look a this first candle I always get notifications on the second candle

[sand lantern]

If you go into the alerts in Tradingview there's an option to select the first appearance of the signal in that candle and not just once it closes. If you watch during a candle's development it will come and go until the candle closes with its final status.

[topaz marsh]

For example I entered that signal on 1822 as follow my strategy supply and demand but the signal came up 1841 that’s a huge movement

And if I have to wait for the signal from the indicator is to late

I am not say that’s is not working the indicator is amazing just not sure why is giving the signal that late

[verbal crag]

Hi guys, for example when the signal say EUR/GBP strong sell i have to open just sell?

[solar python]

Maybe change sensitivity to little bit more responsive if you want early signals? But what i do in this kind of scenarios let’s say it spikes straight after ”late” signal i’d wait for price to retrace little bit before continue in it’s direction

[solar python]

Well, you don’t have to if you don’t want to haha… and i wouldn’t trade only based on confirmation signals, would add some other indicators or tools to confirm it’s signal

[verbal crag]

Ahh okok thank you

[viral mortar]

I'm new here, from where i can start?

[topaz marsh]

Watch the basic strategy you can see the full guide on luxalgo website also there is a link that takes you to YouTube you can watch all strategies for beginners

[viral mortar]

OK great, tysm

[smoky root]

Hi All, im new to the VIP area. Just purchased Lux and waiting for the invite only to appear on my trading view account account. Thought i would say hello whilst i wait!

[azure lake]

Welcome 🙂 If you linked your Tv username already then you should have access, refresh tradingview and add the indicator from your invite only scripts.

[smoky root]

ok will re open trading view now and see if the invite only option is there.

[smoky root]

thank you, i now have access.

let the fun begin 🙂

[dusky nimbus]

OMG, Alex Grover, the man himself

[azure lake]

heylo 🙂

[jagged slate]

Celebrity? 😳

[dusky nimbus]

Yea. Alex is actually 1 of my only 3 favorite wizards on TV

I didn't know he was the creator for Lux

[jagged slate]

Alex is available to sign photographs and autographs at the end of the week 😉

[dusky nimbus]

LOL

[wind umbra]

Anyone on here have Lux algo settings that has been working for you? My charts are a mess with buys/sells/strong etc…

[past acorn]

@wind umbra have to look at them as trend confirmations alongside your trades

!settings

[icy wraith]

Everything you need to know on optimizing signal settings: https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signal-settings

[past acorn]

watch the video on here or read the recommendations 🙂

[smoky root]

Morning All.

I purchased Lux Algo yesterday and been looking through the tools etc to see if I can find a strategy to trade on the 15min or 1h TF

I'm generally a swing trader in Forex, using the 1D chart. I'm happy with my current strategy but I'm now looking to expand my trading to intra day, and thought Lux Algo would be able to assist me

I'm looking to trade the 15min or 1h time frame and wondered if anyone could point me in the right direction to finding a strategy that will work well on the 15m or 1H timeframe using Lux Algo. I've seen all the documents and videos and I'm left feeling overwhelmed, so any help to clear the fog would be most appreciated! 🙂

Thanks for your time

[jagged slate]

Have you seen any of my vidros? They are nice and versatile approaches 👍

[smoky root]

can you send me the link please to check them out

ive seen all the support info

but if you have separate videos then hopefully it will help me find what i'm looking for.

[jagged slate]

https://youtube.com/c/GeckoTrading

[smoky root]

thanks I will check it out. any videos for 15m or 1h TF?

lots of people seem to like scalping on 5min but thats just not for me

[jagged slate]

Yep 👍

All videos are flexible

[smoky root]

great thank you I will take a look now

[tall prairie]

What do you guys do to minimize the pitfalls of news announcements? For example, if you set up your trade and it goes into the news announcement. Or, do you avoid setting up trades with upcoming news announcements in the next hour or few hours? Oftentimes, non direct news also affect other pairs. On some days, there are multiple news announcements during a session. What do you do in regards to your SL and these massive and crazy spikes?

[smoky root]

what type of trading are you doing? swing, scalping, intra day?

[tall prairie]

Intraday lower timeframe. More losses than wins with 1m. Going to try 15m. Any advice?

[smoky root]

i am not a fan of the 1m or 5 min chart. the lowest i am looking to go is 15m or 1hr. I have a solid swing strategy that works so now ive just started using Lux myself to try and work out an intra day strategy myself for 15m or 1h. maybe we should collaborate?

[coarse fulcrum]

@smoky root has earned the Lux Level 1 role!

<@!875355206827786290> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[dusky nimbus]

easiest way is to avoid trading an hour before and an hour after. Sometimes I watch the chart and if it's super volatile, I'll just skip the whole session.

if you're already in a trade and winning, maybe just close it before the news. If you're losing in a trade, scale down your SL as tight as possible. You should not risk more than 1% of your capital anyway. BUT if you're feeling adventurous, just let your trade run, chances are, you are going to win BIG after the news, worst case: you loose 1%.

[round vessel]

Hey @jagged slate loved your latest video. Just a question on settings what should your confirmation sensitivity be on?

[jagged slate]

Much apprecaited 🙂

[round vessel]

*Confirmation signal agility

[jagged slate]

I use the dashboard's optimised sens

you can use any real optimisation method

[round vessel]

But the dashboard just gives you the signal sensitivity right?

[jagged slate]

It does 🙂

yep

[round vessel]

So does the confirmation signal agility not really matter?

[jagged slate]

Not really at all unless using optibot 🙂

[round vessel]

Thanks bud

[summer wedge]

wht do you mean by real optimisation method Gecko?

[jagged slate]

I just meant any optimisation approach

🙂

[summer wedge]

optibot included right?

[jagged slate]

indeed 🙂

[round vessel]

Do you recommend shorter time frames because the win rate is lower in HTF?

[round vessel]

@jagged slate

Also another question about your video pls. If MACD turns around before profit targets are hit should you kill the trade manually?

[jagged slate]

yep 🙂

[midnight eagle]

Then TP should either be +1 or +2 predictive ranges OR MACD crossover (whichever comes earlier)?

[jagged slate]

Yep exactly 🙂

[tall prairie]

Thank you for sharing. Many parts of what you shared are what I have been doing. I appreciate the confirmation. These are experiences from the trenches, gained from losses and mistakes. I am trying to reduce my mistakes.

[round vessel]

Thanks

[dense schooner]

@jagged slate awesome update. Every new update gives me goosebumps what’s next? Keep up the awesome job. Lux Algo rocks🥳

[azure lake]

next will include a nice feature 🙂

[dense schooner]

Awesome. Glad to be a part of it. 👍

[solar python]

I wouldn’t really recommend 1min, it is too spiky🤔 15min or above i think it is easier to find direction

[tall prairie]

Thank you. I find 15m much better than 1m. Signals seem more accurate. What tf for Lux signals do you mainly use to enter your trades?

[solar python]

It depends ! Sometimes i have some other things to take care of so i just enter 2h tf signals so i don’t need to check the charts too often… and when i have time, i just analyse the 15min chart 😊 i don’t believe in multi tf analysis as i think it makes things complicated

Example of the trade that i took yesterday, 15min

[tall prairie]

You are right about not over complicating things. I try out different indicators and find that too many indicators over complicates my thought process. I end up removing most of them and just use Lux and one or two oscillators for confirmation.

[solar python]

Keeping it single is way to go imo! Some indicators won’t even work well together. Just make sure that you stick to your strategy if it works despite having few losses

[tall prairie]

Share something fun I saw in one of these Lux channels earlier.

Alex shared this: "Tradingview actually released a spotify playlist that supposedly boosted your capacity to trade "better", they did it with a psychologist apparently."

https://www.tradingview.com/blog/en/our-playlists-on-spotify-now-23273/

[solar python]

Thanks man, will try😎

[tall prairie]

BoJ interest rate decision in 1 hr time. Those with JPY pairs open trades, take note.

[solar python]

Yeah going to be volatile as hell

[solar python]

Fed raising interest rates by 0.75%, looking for opportunities to LONG USD🤑

[tall prairie]

I saw that market sentiment was already priced in with the bullish candle before the news announcement. Minutes before announcement, I read that BoJ was leaving the monetary policy unchanged. Shorted it and had a nice profit with the bearish candle.

[icy wraith]

I got a question abt forex. If you place a trade before market close but you still in it during the close, does it auto close the trade or do you hold it until market open?

[azure lake]

you will hold the position trough the weekend, however note that you might be exposed to a gap once it opens, alongside high spread, which is quite bad, some trader close trades before the market close.

[icy wraith]

cool ty

[tall prairie]

Hi @jagged slate love your latest video.

If using only Lux, do we use the nearest upper/lower range to the candle for sl? For tp, do you recommend +1 or +2 range?

Should the setting be 2 for all tf? What is the best number for 15m?

What autopilot frequency to use? Short term, mid term, or long term?

Which tf does this strategy works best?

Thank you!

[jagged slate]

I would suggest targeting 2+ range and using 2 as the settings 👍 id so suggest mid term and I'd suggest this strat on really any reasonable timeframe

It's very adaptive 👍

[tall prairie]

Thank you Gecko. I have watched all the videos in your channel. Looking forward to more of your videos.

[jagged slate]

Much appreciated 🤝 glad you like them 😎

[somber mist]

Hey, I'm new to Lux Algo. Question about this chat, is it cool to post our trade setups here to help newer traders view the markets better?

Side note, Lux Algo products are next level, impressive indicators.

[past acorn]

hey @somber mist for sure, just no self promo 🙂 would love to see ur setups & such 📈📈

[past acorn]

thank u!!

[somber mist]

Understood, I'll respect this rule wholeheartedly. Thank you, Smack.

[past acorn]

cheers 🥂

[tall prairie]

I know that plan. Needs a lot of luck. Wish you all the best. Hope you succeed.

[smoky root]

I know this strategy and its madness! you have to risk 30% of your account on each trade. I don't care how good a strategy is trying to win 30 consecutive trades to compound the money is crazy! Even the guy who made the video said he did not recommend it Sorry just my opinion!

[hushed dawn]

Let's have a good week everyone

[solar python]

Let’s fucking go!!

[tall prairie]

https://tenor.com/view/arnold-schwarzenegger-gear-up-gif-12923195

[solar python]

What’s your picks for today guys? I’m currently short gbpnzd

[smoky root]

I'm a swing trader. i have two trades open buy NZD/CAD & Sell USD/CHF both in profit so far, but have a long way to go 🙂

what type of trading are you?

[midnight eagle]

Hello! thanks for your sharing with the strategy you used recently. I'm still learning and based on GBPNZD, any improvements would you kindly point out?
My steps are:

1. price moving out of neo cloud (above or below)
2. trend catcher turning red/green
3. candle turning red/green
4. UMACD crossover 2nd red/blue histogram

Sometimes I do see UMACD printing small red histogram bars (strong down trend) and then the price are hitting support and reversing later, would be stopped out or at least those UMACD crossovers were bad, still figuring out a way to filter those.... like this one, sometimes UMACD crossovers during a trending down/up come out late

• perhaps hypertrend is one of the filters to be used? (hypertrend is going the opposite direction)
• or perhaps I should've entered earlier right after at the candle STRONG SELL is printed to get better entry?

[jagged slate]

You could try increasing some of the length settings to make it a little smoother 👍

[solar python]

I entered on 1h chart this time. Saw the umacd histogram crossover and turning red. I’m also trying to tweak my system to adapt s&r ranges to my strategy

[smoky root]

looks like a nice trade!

[jagged slate]

Only downside is that trend strength is literally 0 😳

[smoky root]

i didn't see that

[midnight eagle]

Increasing length is better, I was actually using the default 12/26/9 to play around with your scalping strategy. This is 5m TF do you have any suggestion from what range fast/slow length I should be trying? (I see 99/100 from the Lux Doc for illustration but I don't suppose this should be used?)

[jagged slate]

That'd be far too high I'd suggest increasing both by a small amount maybe +10 first

[midnight eagle]

I see thanks! I'm also playing around with various S/R indications like neo cloud, trend tracer, breakout zones etc and they all give different illustrations.... and none of them seem to be more superior than the others to help me simplifying the strategy without using too many indicators....

[midnight eagle]

ok thanks I'd try!

[solar python]

Yeah i think all of them works well… althought s&r seems to give good early entering points but the problem is that confirmations seems to be too late when using autopilot settings… so i may need to use manual settings to enter those early rallies

[coarse fulcrum]

@solar python has earned the Lux Level 2 role!

<@!755148714578018417> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[solar python]

And the exit signal came out earlier than expected🤔 i thought i would ride it until that orange line (pivot?) (see picture above). Better safe than sorry i quess

[midnight eagle]

I also agree with that and I think this is why Gecko’s latest video for scalping works in situations where a trend is already confirmed like many candles ago and is still going on and we scalp the small distance riding the same trend is the logic behind?

[midnight eagle]

I might stop as soon as trend catcher is flattening

[solar python]

Did you exit?

[midnight eagle]

I did but it was just paper trading, I set one of the predictive ranges as my exit

If I were trading with real money perhaps I might have different strategy and monitor more closely with trend catcher?

[solar python]

It is up to you! I usually set tp at 2 to 1 rr and set sl to breakeven when the price hits 1 to 1

Sometimes i even exit when the umacd crossover occurs

[midnight eagle]

This is a nice one! Yeah totally agree protect the profit once the capital is already protected.
The broker I’m looking at has trailing stoploss and I think it’s not a bad idea to do trailing stoploss once 1:1 profit is booked and TP at 1:2

[midnight eagle]

Definitely better be safe than sorry

[solar python]

I actually did close too early as the exit signal repainted and the exit signal disappeared but the price indeed retraced to my initial entry point so i’m totally happy that i did close

[midnight eagle]

ya dont wanna regret that and as i was papertrading i only let it run

[smoky root]

may i suggest, treat the demo account as if it was a real account that way when you do fund an account your mindset will be the same. just something to think about

[midnight eagle]

sure that's something I'd try to do

I think at this moment I'm still trying to get a strategy that works for me

[smoky root]

I am trying to get the best of both worlds i have a swing strategy that uses the daily chart which is good, but now im trying to find something that i can use on the 1h timeframe so i know what you mean its having a strategy your comfortable but more importantly which is profitable

[midnight eagle]

ya definitely we all want something that works and make money

i like day trading and lower TF like as low as 5m to scalp

[smoky root]

I have tried scalping on the 5m and it does my head in lol

[midnight eagle]

hahaha i know i have the same thing going on lol

bigger size, smaller TP and SL, riskier but i like that lol

but i dunno sometimes a strategy works and sometimes it doesn't, like 5m scalping strategy works extremely bad when it's ranging and i need something to determine if it's ranging like coupling it with trend catcher and tracer

[smoky root]

yeah im up for risk with money management but i prefer setting the trade and leaving it to run, not having to keep looking at it, adjusting it etc

[midnight eagle]

and perhaps hypertrend as well if the hypertrend is going in the opposite direction than the buy/sell confirmation direction

[midnight eagle]

ya that way can save you up a lot of time

but when you swing trade you have to be so patient to wait for a setup to come

[smoky root]

see thats the issue, i don't have any of that with swing, you determine the trend on the D1 give it enough room to move and thats it, well almost 🙂 i suppose im looking for the same thing on the 1h which i know will not happen

[smoky root]

actually no, if i told you in a week i can take 4-5 trades all with 100pip profits that would be an average week. like today i have 2 traded open just from this morning. Most of my trades last 24-48hr max, most days they open and close in a day 🙂

there are so many pairs you will always have daily opportunities

take a look at this. you will see 2 of the three trades in green open and closed on 16th but one of them opened on 14th and closed on 16th, this is common for me

and this is what i call my R & D account, i place the same trades on my main account as well but for bigger lots

[midnight eagle]

That’s interesting so you’re trading 1D TF and using the same trend following strategy tracer catcher moving up something like that in confluence with confirmation signals? And where do you normally set for SL and TP same as smaller TF? predictive ranges?

[midnight eagle]

I like that in the sense that it’ll be way more manageable as you don’t need to keep checking up

[smoky root]

I'm not using Lux for this as i have been trading this strategy for a while . I now use lux to try and find a possible strategy for the 1H TF but i have to say your train of thought for it using Lux sounds interesting. all i use for my swing strategy, very simplistic, EMA's MACD and Stoch thats it

people hear that it has a 100pip Sl & TP and panic. Yet they forget used with proper money management im never risking more the 1.5 to 2% of my account per trade so i can sleep at night knowing the trade has room to move and my loss is manageable as and when it happens. for the first time in months I had two losing trades last week but still ended the week with over 400pips profit

[midnight eagle]

Yeah position sizing is the key I get that, like if it’s a $1k account, only cut loss at $20 and if I want to accommodate a 100pips SL swing trading, then I should use 5 times smaller for the lots if I’m doing 20pips SL scalping

[smoky root]

indeed. people forget how important MM is

[solar python]

Friday i had 3 losers and 1 winner but still ended up making little bit of profit lol. You may be the worst trader ever but still make money if you use consistent mm

[midnight eagle]

What does MM stand for?

[solar python]

Money management

[echo kiln]

Thank you BBBO for 10 pips. Done for the day, not greedy.

[jagged slate]

#🆕new-indicators

[fickle schooner]

What currency do you recommend?

[solar python]

I think it doesn’t matter because as far as i am concerned, luxalgo works on all currencies. But one should be aware of high spread currencies like exotics

I’d stick to majors to begin with and as you master majors, maybe you could start looking minors as well

[echo kiln]

cant go wrong with pairs that include USD

[icy wraith]

Hello guys, new here. Have here someone like trade on Xau/usd ? 🙂

[smoky root]

Good morning and welcome. I have yet to find a strategy that works consistently with gold. Its so volatile. any bit of news can make gold react My personal opinion of gold is technical analysis don't mean squat! and you are flying by the seat of your pants when you trade it. I'm not saying its impossible and I'm sure people do make money trading gold but for me right now, there are better opportunities to trade with less risk. I'm sure others here may disagree and thats cool but unless you have a lot of experience trading gold be careful.

REMINDER - GBP CPI News - 7AM (London Open)

[lilac latch]

id say every beginner goes for gold. be careful for high spreads if you are trying to scalp. gold moves wildly.

[icy wraith]

@smoky root Good morning. I like gold m15 to up. I trade gold one year but looking for news strategys ehehe. So what you recommend ? Thanks one more time :)

@lilac latch yes thanks. I use Icmarkets, have low spread on gold :). No scalp, look for a day trade, something lome 30-50pips a day looks good

[smoky root]

I'm a swing trader so for me if I was going to trade gold it would have to be using a daily TF, but it always looks erratic. if I was confident to see a good trend then maybe. Can I ask, if you have been trading gold for a year how are you getting on? are you profitable each month?

[icy wraith]

@smoky root swing is not for me 😄. Yes a few months are profitable but requires must attencion on chart but with my work its a little bit difficult for now :/

[smoky root]

thats the problem with Gold you have to have a solid strategy and trust it works. People seem to think every swing trade is open for days and weeks, thats not the case. most of my trades are open and closed either the same day or 1-3 days and there are multiple opportunities each week. I have a TP & SL of 100pips, so not being greedy, I take the profit and move on to the next trade

[midnight eagle]

Just wondering, what kind of spread for gold is considered low? I’m trying IG and Pepperstone (raw spread).

[icy wraith]

@smoky root ok thats good. You have a profit position. When u say swing its only because you trade h1 timeframe to up

@midnight eagle at this moment my gold spread is 9 😊

[solar python]

You gotta be really careful trading gold. And i think it needs more attention to perform good entries. I think gold require more waiting for that sniper entry, because if u are wrong you are taken out pretty quickly 😅

currency pairs are safer imo because retracements are usually not as big as gold. So if you’d were trading currencies, there is good chance that your sl don’t hit on retracement but more likely if trading gold

[echo kiln]

agree

Im trying to master 5 or 10 pips hard TP per trade. so far so good, and my plan is to increase lot size on the same 5-10 pips. Took 5 pips just now, so now i'm 16 wins, 4 losses on this strategy.

[molten haven]

Hey guy, I’m completely new to forex as I’m used to doing crypto. I was wondering what sort of strategies you use for forex and if it differs much from crypto

[echo kiln]

The indicators work the same on all instruments, you just have to find the happy balance between your indicator settings and instrument TF of choice.

[molten haven]

So am I okay to just implement my crypto m5 scalping strat for forex

[echo kiln]

Meaning I can tweek my indicator settings to make it look good with a set TF I want, or find a different currency pair to match my settings, or tweek the TF to match my indicator settings. Its a constant massaging of all aspects until you create your master piece template

[echo kiln]

Visually test it to see if it works, if not tweek a few things

[molten haven]

Okay I get you know, so just tweak and paper trade till I get profitable

[summer wedge]

and whats your strategy @echo kiln? same as the recent one published on youtube?

[echo kiln]

If the strategy didnt work for crypto, it may not work on anything right? maybe its just money management during a real live trade that messes with most of us, myself included....

[echo kiln]

The latest one on YT that I chatted about yesterday is VERY good with longer TF, Im still looking at that. But my overall strategy is just using LUX neo cloud on higher TF and lower TF for entry, scalp 5 or 10 pips (havent decided which I will finally settle with, 5 or 10), and also finding the best bottom panel LUX indicator for confluence.

[echo kiln]

send me a friend request

[summer wedge]

done

[echo kiln]

I just use Neo Cloud and Lux Advanced Oscillator on 1hr, 15m TF charts, scalp 5 or 10 pips, and done and wait for next setup or done for the day depending what I have going on in my daily life 😆

[prime elbow]

Thank you 🙂

[echo kiln]

I know most traders would had held for bigger TP, but I'll settle for small 5-10 pip scalps and be done, and sometime in future Ill increase lot size from 1 standard lot size to 2 or 3 lots.

[prime elbow]

Thank you for sharing

[echo kiln]

even on a wrong side entry, price action has to chop around 5-10 pips either direction right? so by using LUX, you increase your odds in your favor

https://tenor.com/view/jennifer-lawrence-the-mocking-jay-the-hunger-games-hunger-games-mocking-jay-gif-17322681

[prime elbow]

Thank you ser

[echo kiln]

Hey no problem, my strategy is nothing secretive, it's just LUX tools and controlling your greed. I get it, just taking 5-10 pips is not going to pay the bills or your mortgage when you lose your full time job, and thats why most go for huge wins. But that doesnt work for me, my stomach cant take that, seeing my trade go to profits and then turn back against me to stop me out huge. So ill master the 5-10 pips, then ill double up my trade lot size. It's not sexy posting these small 5-10 pips for $40-$100 in the chat room, but the key is, the winning percentage and the the amount of losses per losing trade. Money management.

[prime elbow]

I like it. You respect your fund. If you don't then it will be someone else's

[echo kiln]

Oh, I do have enough to trade 5 to 10 lots sizes, believe me I have that ability, but I wont right now, until I feel confident in this simple strategy. All this is using my real money on one small lot size to see if this works for a few months trading live. Trading live is much different than paper trading demo

[prime elbow]

True. I'm new to forex and experimenting with different strategies on a demo account.

[tall prairie]

Hi, can you share more on how you use Neo Cloud and Advanced Oscillator together to enter and exit your trades?

[echo kiln]

If neo is in down trend, look for entries when adv osc is below the 50 level, im afraid there's not much to it really, nothing fancy, but gets me what I need....for now

[verbal crag]

Hi guys, wich strategy do you use for forex?

[hardy tusk]

Elo, which broker is recommended for someone in the U.S?

[smoky root]

@echo kiln Did someone say yo had a YT channel? if so drop me the link please fella. Now down to business. Your entire process is fantastic, you are not greedy, you get in and out for 5-10 points and your done. Well done. With regards to your strategy, it looks and sounds simple which is always best in my opinion, I have been working on something similar. its 1H TF with the Neo Cloud and UMACD. You said you use the advanced oscillator, but if you are looking for more opportunities, have you seen the UMACD can do. I will post some screen shots of the strategy I'm working on, yet to be tested in a live environment but I looks promising. will post some screenshots to share my idea with you and everyone!. Great work Micky!!

[echo kiln]

I meant to look at LUX's YT channel with all the simple free strategies they put out there to give ideas. Yes Ive looked at the LUX UMACD to get a few more entries, but I use the Adv Osc to keep me in check and not to over trade. The UMACD does work when you are catching the pull back waves during the trend move. But my problem is, I dont know when those pull back entries will have a change of structure, will it be 3 pull back waves in which I can scalp 3 times? or will it be 2 waves? or short lived with 1 wave? So for me, if I just use the Adv Osc, Ill catch the important single entry and im done, and ill patiently wait for the next Adv Osc entry

All Im looking for is 1 or 2 trades during the London and NY session overlap

the Kill zone

[smoky root]

K.I.S.S keep it simple stupid is my fav saying for Forex. Let me show you a screen shot of my idea I'm working on and see what you think. We cant tell FX what to do, we can only predict what we think its going to do but most importantly Trade what you see, not what you think! 🙂

[smoky root]

take a look at the following indices yesterday caught a nice 160pip move just after the open, its insane and they seem predictable and they trend nicely! GER40, NAS100, US30, US500, EU50

i'm also working on a morning strategy for the indices only listed above so just after the open between 7 & 8am if they are trending or begin to ride the pip wave!! woohoo 🙂 but im a long way form having something usable at the moment but hopefully my 1H strategy i'm working on will work on indices as well

[echo kiln]

Sounds promising!!!!

Just don’t mess up my head 😂😂😂😂

I gotta keep my streak going😜

[smoky root]

@echo kiln my idea is this. ignore the signals neo cloud blue is a buy UMACD signal line cross the candles are in the cloud and ripe for a buy, now you would not take a sell when the UMACD changes as the cloud is blue so you get to ride the trend with this one. its in the early stages but it looks promising. constructive feedback always welcome!! sorry do the opposite for the sell!

[smoky root]

leave emotion at the door fella, trade what you see!!! if you trust your strategy then let it do its thing

[echo kiln]

Yes, I agree to IGNORE the buy/sell printed signals. I never use them as it makes me stupid, If I rely on those to make my entry, makes me not think and analyze the chart (makes me stupid) I have my settings set to AutoPilot Long Term so they don’t print often.

Nice, your strategy is a simple Lux strategy, you can’t go wrong with this

But maybe if you use the Adv Osc, you can ride the trend and not worry about that UMACD crossing short?

[smoky root]

thats what i'm going for, it doe snot need to be over complicated with 100's of lines on a chart and indicators coming out your arse!! lol

[smoky root]

ok will put the advanced OC on and take a look

[smoky root]

ok, its on the chart, how do you trade the advanced OC, what am i looking at Micky?

[night cypress]

I just recently started ignoring the signals as well and using the stochastics of Lux.

I’ve been doing macd/rsi alignments, and I also use the advanced/stochastic for extra confirmation. I haven’t tried the cloud? Where would you take shorts there? In the blue as well?

[echo kiln]

I don’t overcomplicate it, I just take buy entries when the AdvOsc bars are above 50 blue bars and short when below 50 level purple bars. So when the 1hr shows buy AdvOsc, I enter on lower TF 15m or 5m when the the AdvOsc lines up in same direction.

Keep in mind, there are other confluences that needs to be lined up as well

On your chart, when the AdvOsc starts to go purple below 50 level, i go to my lower TF to look for a short

[smoky root]

give me a moment, going to look at the lower TF

[echo kiln]

I trade with multi TF charts, keeps me in check

[night cypress]

This is the problem I’ve ran in to. Macd is greatly accurate, BUT sometimes it is accurate for a .10 cent move, and sometimes for a $5 move. How do identify a 10cent move from a $5 move to save my BP for the bigger move.

[echo kiln]

I use the neo cloud as an over all trend move, I’m sure other use it as S/R level

[night cypress]

I haven’t back tested with the purple portion of advanced oscillator on. Perhaps I’ll turn it on and mess with it.

[smoky root]

ok, the 1H filters out a lot of the 15m crazy which is nice, for example on 15m is shows a weak sell, but on the 1H it shows a strong buy

[prime elbow]

Do you prefer neo cloud over eq cloud?

[echo kiln]

YUP, that’s why I trade with multi TF charts

[smoky root]

NEO!!

[echo kiln]

Need to have patience though, and fight the urge to keep trading a million times a day

NEOOOOOOOOOOO

[smoky root]

Micky with your strategy, what's your entry and exit?

are you only trading then the candles are above the cloud or below for a sell or will you buy or sell when the candles are in the cloud

[echo kiln]

That’s a loaded question, I thought I was going to get ready for bed so I can wake up in a timely manner to trade, I’m in the PST time zone, so this NY open session kills my sleep

🤪

[smoky root]

sorry get some sleep we can talk later

[echo kiln]

LOL

[night cypress]

I’ll have to give neocloud a go in the AM. Didn’t fully understand its use.

[echo kiln]

Give me 30 minutes and ill be back….😜

Or less

[smoky root]

i'm waiting for London open in about 50mins

[smoky root]

no rush take your time! thanks

[echo kiln]

What time zone u in?

[smoky root]

UK

[echo kiln]

Ahhhhhh

It’s 10pm PST now for me

Ok be back soon

[smoky root]

I have 2 swing trades open EUR/USD & AUD CAD so lets see how they do this morning!

[half wing]

u cali boy ?

[echo kiln]

Vegas !!!!!

[smoky root]

Vegas baby!!! Love the place been there many many times 🙂

[echo kiln]

1hr TF, when Neo, Trend Tracer are down trend, and when the AdvOsc fires off a sell, I go down to 5m TF, and go for the kill!

[smoky root]

ok so its norm the advosc you wait for once all the other conditions are met

[echo kiln]

Rinse repeat 1 or 2 times during kill zone London/NY overlap session

[echo kiln]

Yes but the neo and trend tracer needs to be aligned as well

[smoky root]

of course

[echo kiln]

There are times when the AdvOsc fires off in opposite direction of neo and grand tracer

Essentially, you can trade just the 1hr chart based on that

[smoky root]

i understand, what if the buy is in the cloud and everything signals a buy, assume you still take it?

[echo kiln]

But I don’t have the stomach to hold a trade on 1hr candles

[smoky root]

or do you not worry if the candles are in the cloud

[smoky root]

lol...in god we trust, & in Forex we trade 🙂

[echo kiln]

I actually don’t give that any thought, on the cloud, in the cloud don’t care really, it just tells me the trend direction

[smoky root]

thats my thought i just want trend direction

[echo kiln]

Maybe i should 😂

[smoky root]

my thought is, if its in the cloud and blue, and you get a buy its more likely to push up above the cloud, well from what i have seen

the bigger the cloud the stronger the trend i think

@echo kiln dont worry about holding the trade for now, i used to be the the same many years ago, the more confident you become as a trader and in your own ability and strategy you will increase the time you hold the trade. I can now comfortably hold a trade for 24-48hrs with a 100pip Sl & TP and not lose a wink of sleep.

[echo kiln]

That’s good, dam good

[smoky root]

but i still have my limits, i can't hold a trade past 100pips so i don't get greedy and take the profit

[echo kiln]

10 years ago I got burnt and blew several accounts on ES emini futures, with ninja trader 😂😂

I have grown up and learned my lesson now

😂😂😂😂

Talk about a split second chop fest

[smoky root]

hay, you have to blow at least one account and if you don't learn after doing so then stay away from FX.

[echo kiln]

FX much safer for me now, or I just finally learned 😅 who knows…all I know is, I’m good with scalping the crap out of FX for 5-10 pips

[smoky root]

did you read my OMG moment i posted yesterday..i had to laugh!!

[echo kiln]

I don’t thinks so, prob missed it

[smoky root]

lol..at $10 a point where else can you make $50 to $100 in less than an hour!

[echo kiln]

Yup

[smoky root]

in the search bar type omg and click search it will bring up my post...please take a look..if anyone is going to blow an account, this guy is!!...BIGTIME!

[echo kiln]

You need to put it in perspective, so for my 5-10 pips a trade with 1-2 trades a day, what’s that per day? $100-$200 per day? Not bad for a part time gig

Now double up my lot size

Boom

[smoky root]

exactly!!! keep going its all good in and out job done make your money and run!! 🙂

[echo kiln]

Triple up? Oh yeah!

If your strategy works, then double up your trade size, don’t increase your TP level

Once you move your TP levels, then your messing with your strategy and need to perfect a new one based on a new TP level

Then again, what do I know? I know nothing…don’t listen to me, move along, nothing to see here…..

[smoky root]

agreed. right now with my swing strategy i am increasing the lot sizes once the account reaches the next milestone its good money management and I'm only ever risking around 2% of my account on any one trade which is an acceptable risk to me the max in my opinion should never be more than 3% per trade and no more than 5% total if you have multiple trades open

[echo kiln]

Ok time for me to get some sleep and your ready for London open now……best of luck!

https://tenor.com/view/jennifer-lawrence-the-mocking-jay-the-hunger-games-hunger-games-mocking-jay-gif-17322681

[smoky root]

cheers sleep well!

[half wing]

join crypto for free lambo

[smoky root]

thanks for the offer but i don't trade crypto

[echo kiln]

One last tid bit, don’t count out the non premium Lux indicator videos, some of them have given me ideas that have sprinkled a little goodness on my strategy, I may not use the actual indicators, but it puts it into perspective to keep it simple with using 1 or 2 indicators…..

[smoky root]

no worries thanks for the tip!

[echo kiln]

I’m trying to incorporate the spider indicator, because it looks cool 😆 #fact

[smoky root]

hahaha...please don't do it because it looks cool 🙂

road to ruin!!!

[echo kiln]

But it does really LOOK cool and sexy. Gotta add it to my template. Don’t be jealous 🤣

And I know your looking at it now 🤣

[smoky root]

hahahah...i will take a look in an hour or so once ive finished getting my arse kicked by the open lol

London open!!

as long as the day ends up going in my trend direction I'm all good but normally first thing it shows me who's the daddy!! and kicks me all round the place

@echo kiln go get some sleep my friend we can catch up later

[somber mist]

Good old fashion SnD trading. - Double bottom pattern formed. Price was breaking structure to the downside, forming consolidation areas along the way. If you see that, almost always can expect a liquidity grab to come soon after. -- Quick 17.4+ Pips profit and I am out of this specific market for awhile.

To new traders, slap Lux Algo premium on SnD trading for extra confirmation! It will make life easier. Keep your trading simple

[prime elbow]

Do you find that Lux SnD lines up with your SnD?

[somber mist]

Not sure, I haven't checked to be honest. I use lux algo for confirmation entry on 1 Minute TF, more than anything

[night cypress]

Hey! What is your reasoning for using trend tracer? I’ve noticed that it is always in agreement with Neo, so neo’s color can always indicate tracers?

[echo kiln]

Not always, lower your TF and you will see they differ at times

[smoky root]

@echo kiln afternoon, fella

@echo kiln my new strategy we spoke about this morning, Well I tried it on my R&D account - (small account used for testing with real money) and I had two successful trades with it... give me a moment I will upload the screenshot

@echo kiln the two green ones on the NAS100 & SP500 but the only issue I have with the strategy I need to work out will be where to place the SL & TP.

[tired plover]

hello do anyone recommend a top/best 5 min scalping chart LUX indicator

[mortal trench]

what broker do you guys recommend for us trading

[opal kayak]

Anyone online?

[jagged slate]

👍👍👍

[solar python]

Where do you live? Eu brokers may restrict us customers and us brokers may restrict eu customers so it depends

[solar python]

I’m online right now but this forex chat really be quiet sometimes…everyone in crypto chats nowadays😒

[jagged slate]

Crypto chat is an active one 😳

Yeah

It's the popular one for sure

Forex guys tend to be more quiet

[fresh yarrow]

Especially Fridays as the markets are quiet

[jagged slate]

Absolutely 👍

[solar python]

I’d love to share ideas and discussion here if anyone would be interested… let’s revive this chat guys❤️

[fresh yarrow]

I'll share some of my ideas next week for discussion 😄

[jagged slate]

Yeah let's see some charts 😎

[fresh yarrow]

Does Lux have an indicator for SnD?

[jagged slate]

We do 😊

Our whole SR and patterns toolkit does this stuff

[fresh yarrow]

Yeah just saw on the docs it's part of the breakout zone stuff 😄 sweet

I saw the indicators about 3 weeks ago on TikTok and used the free ones to start with and since then I brought Premium which has allowed me to pass the FTMO challenge and verification. The tools are spot on guys so well done 👏

They gave me that extra edge I needed to pass with my own strategy

[jagged slate]

Amazing stuff 😎

Glad to hear it and congrats 👍

[solar python]

What is snd

[fresh yarrow]

supply & demand

[solar python]

Ty☺️ never heard of it, always called it s&r same thing right?

[grand parcel]

Yup. Same thing. Good question.