LAGFX Forex Learning Lounge

2023-04-05 18:53:17 TRADE REVIEW WITH LAGFX SHORTS ON YOUTUBE

How we getting on everyone! I hope you are all well, we have a new video up on the YouTube channel, as you will notice it is a YouTube Short so it’s no longer than a minute long.

Go check it out and leave some feedback below of the video, we will be uploading more shorts in due time so keep yours eyes peeled for those!

Enjoy the video guys, if you aren’t involved in the VIP chats and you want to be, drop me a message and I’ll talk you through the process! @LukeGFX
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https://youtube.com/shorts/EKnq_be5HTA?feature=share Open / Comment

2023-04-04 19:58:10 XAU/USD 1H Update - How we getting on people, apolgies for the lack of content this morning I have been busy with onboarding and finishing off this Excel sheet for everyone.

As you can see this market has continued to put in the bullish structure we so desired, price however traded us below the initial zone that was provided and tapped into a Demand zone lower.

As you will notice I have highlighted it out for you all and it is deemed as a valid zone. We could have looked to have placed positions from this zone.

I am expecting price to trail back before taking us up and into the Supply zone, so we could look for further buying opportunities. The Supply zonw is where we will be looking to close any buys and be ready to go short. Open / Comment

2023-04-04 18:49:27 Gold hits fresh 1-year high after US jobs data
The price of yellow metal broke over $2,000 on Tuesday, reaching its new one-year high following the release of data on the United States' labor market, which showed a large drop in the country's job openings.

The lower-than-expected job openings figure in February could indicate that the United States labor market might be slowly cooling off following Federal Reserve's aggressive monetary tightening to tame the raging inflation in the country. The traders will now shift their focus to nonfarm payrolls, slated for release later this week.

Gold jumped 1.62% to go for $2,016.40 per ounce at 10:16 am ET, hitting its highest level since March last year. Silver surged 2.73%, selling at $24.64 per ounce at the same time. Platinum gained 1.84% to $1,011.91 per ounce and palladium rose 0.86% to go for $1,464.13 per ounce. Open / Comment

2023-04-02 20:38:23 NEW SUNDAY SESSIONS VIDEO

If you haven’t done already go and check out the latest Sunday Sessions video, this is where the guys at LAGFX analyse the markets before the week starts.

This is a great video for those who want an insight into how we like to trade, whilst also gaining a good understanding on the markets we are looking to tackle in the coming week!

If you have any feedback or have any questions don’t hesitate to drop one of us a message or leave a comment below!
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Open / Comment

2023-03-31 19:44:27 US markets extend gains, Dow soars 300 points
Major stock markets on Wall Street traded toward closing the first quarter of 2023 in positive territory following the PCE data that showed less-than-expected price increases. Meanwhile, the crisis in the banking sector seemingly eased, with the government proposing new rules to ensure another collapse doesn't happen.

The Dow Jones jumped by 0.92% or 303 points at 12:30 pm ET, while the Nasdaq 100 gained 1.15% or 149 points, and the S&P 500 rose 0.97%. The euro simultaneously declined 0.38% against the dollar to sell for 1.08639. Open / Comment

2023-03-31 14:02:57 EUR/USD 5M Update - How we getting on people, just thought I would jump on here and provide you all with an update on this market.

As you can see price came to sweep the original higher TF Supply zone that we had higlighted, taking me out at entry with the re-entry trade and in profit on the original at 1.0911.

The original trade is running + 41 pips. (+ 6%) 3RR

For those who did as I did youd now be out on both positions, nothing lost from either and we have walked away with some profits.

To those of you who are still holding and didnt trail your SL you should be up nicely with 3RR, I would look to take a partial shortly. @LukeGFX Open / Comment

2023-03-31 13:55:50 XAU/USD 15M - Who watched this weeks Sunday Sessions video on the weekend? If you did this is a trade you guys could have placed based on my analysis!

As you can see price did exactly as predicted and traded us into the higher TF Demand zone, we wanted to see structure break to the upside to confirm the end of the correction and the start of the next leg.

We were delivered with the right confirmation to look to buy into the market via a fractal break of structure. You could have looked to buy into the market from the pullback that price put in for us allowing for a refined entry.

This trade example above is running in some amazing profits, this is what the trade would have looked like and the progress youd have made from it so far (This is not a valid trading opportunity):

Im BUYING XAU/USD @ 1950.00
My SL is @ 1943.00 - 70 pips.
My TP is @ 2040.00 + 900 pips.
1:13 RR
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The trade is currently running + 350 pips. (+ 10%) 5RR Open / Comment

2023-03-30 20:37:34 EUR/USD 1M Update - Here with another update for you all for both trades on this market, as you can see price has now broken structure to the downside, the low we wanted to break in order to start trailing our SL on the original position.

I would now say it is safe to move SL to entry on the original trade or even trail it to 1.0911, I have also moved SL to entry on the second position making this trade risk free. We could also look to take a partial with this one as well if you wanted.

The Original trade is currently running + 23 pips. (+ 3.5%) 1.76RR

The Re-entry trade is currently running + 12 pips. (+ 4%) 2RR

With the second trade running 2RR I have taken a small partial to bank profits and moved SL to entry just to make the trade risk free. I have also now trailed that SL for the original trade to 1.0911, if you wanted to you could take a partial with that position as well.

Well done to all involved in this market today! Any questions do let me know. Leave a comment below or message me! Open / Comment

2023-03-30 18:52:36 EUR/USD 1M Update - Back with another update for you all on this pair people, as we can see price is really starting to trade us lower now and has continued break structural lows.

You will notice that price is protecting the highs and breaking lows, we want to see thos continue, we can expect price to trail us back up to put in a lower high on the higer TF’s.

This trade is running + 21 pips. (+ 3.2%) 1.6RR

Depending on your safety measures and how you like to manage your trade you could look to take a partial here. Banking profits and alleviating risk.

Well done to everyone involved in this market, remember if you have any questions drop me a message or coment below and I will get back to you ASAP! @LukeGFX Open / Comment

2023-03-30 16:41:59 EUR/USD 15M Final Update - How we getting on people, I just thought I would jump on here and provide you all with a final update on this trade.

As you can see our TP was achieved earlier on today which is great, you will also notice price has trailed higher than our Supply zone invalidating the set up to sell.

This trade took profit for + 114 pips. (+ 15%) 7.5RR

A massive well done to all of you who managed to jump onboard of this trade! I will look for further trades to place today and tomorrow!

If you have any questions regarding this analysis or the trade itself please drop me a message or comment below! @LukeGFX Open / Comment