LAGFX Forex Learning Lounge

2023-03-29 13:32:55 EUR/USD 15M Update - Morning everyone, I hope you are all okay, currently looking for setups for us. I thought I would update you all on this trade as well.

As you can see price has continued to put in the bullish strcuture we desire and has clearly been respecting these Demand zones.

This trade is currently running + 94 pips. (+ 12.4%) 6.2RR

If you are yet to take a partial I would recommend doing so now and if you havent moved SL to Entry or trailed your SL I would also look at doing that.

Well done to all involved, any questions drop me a message or comment below and I will get back to you ASAP! @LukeGFX Open / Comment

2023-03-28 15:19:03 EUR/USD 15M Update - Afternoon everyone, I hope you are all okay. As you can see price has put in temporary bearishness after the penetration of the Supply zone highlighted.

Since then we have seen price now go on to create a new higher high within the fractal structure, this is good news for us as it comfirms further strength in Demand.

This trade is currently running + 70 pips. (+ 9.3%) 4.6RR

If you have not taken a partial yet I would look to do so now this way you can cash out in profits and alleviate risk from the originial position.

Well done to all involved in this trade, if you have any questions drop me a message or comment below and I will get back to you as soon as possible. @LukeGFX Open / Comment

2023-03-26 19:28:07 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

2023-03-26 19:07:42 GBP/USD 1H - You will notice we have been delivered with multiple pieces of confluence to suggest the potential for this trend to reverse.

This market has been putting in clear Bullishness up to now, we are now seeing price break the lows & begin to set Lower Highs, this is a clear break in structure, this is our first piece of confluence to suggest we are not longer following Bullishness.

We have seen impulses lesson in size and price looks to be distributing, this is another piece of confluence to suggest price may be looking to trade us lower and reverse.

So with price breaking structure and the market looking as though its distributing its important to find an entry point and an end target hence why I have highlighted out a fractal Supply zone to sell from and a higher TF Demand zone to close my position.

To conclude my analysis you will notice price looks to also be putting in a clear Head & Shoulders pattern, this pattern is often put in at the end of a bullish market and the start of a bearish one. Open / Comment

2023-03-24 13:03:54 LAGFX BRAND NEW YOUTUBE SERIES

How we getting on people, we hope you are all okay! With us covering pretty much all topics on the Forex world and showing you in-depth how to’s we thought we would start going down the psychological route as this is just as important.

It’s all good and well having a strategy in place that gives you an edge and allows you to place profitable positions but there’s not point on having that if you don’t have the right mental state to tackle these markets.

Over the next few weeks @JamesLAGFX will be running this “Ten Minute Tips” series in hopes to help evolve you into a well conditioned trader, showing you the correct approach and the right mindset!
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Open / Comment

2023-03-23 15:45:53 EUR/USD 1M Update - As you can see this trade is playing out very well, we didnt have a full penetration of the zone abov so we may see price come back up to clear that.

It is important we apply good safety measures to the trade for that reason and take partials throughout. But for the most part price is playing out well.

This trade is currently running + 23 pips. (+ 5.75%) 2.875RR

A big well done to everyone who jumped in on this trade, sorry for not providing any prior analysis, this was a trade that came quickly.

As mentioned remember to apply good risk managment and take partials throughout, any questions drop me a message or comment below! @LukeGFX
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P.S - Quality over Quantity always Open / Comment

2023-03-23 14:58:50 NEW TIKTOK VIDEO LIVE NOW

If you were ever unsure as to what you could expect in terms of content in the VIP chats, this video is a prime example as to some of the trades we share.

If you are wanting to see a full video on GBP/USD and the positions we have placed collectively as a team on this market then head over to the YouTube channel and check out the most recent video on GBP/USD.

If you want further info regarding the VIP chats and what we offer then simply drop me a message and I’ll get back to you ASAP! @LukeGFX
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https://vm.tiktok.com/ZMYQs9paQ/ Open / Comment

2023-03-22 11:24:01 UK inflation up to 10.4% in February
The annual inflation in the United Kingdom came in at 10.4% in February, the Office for National Statistics revealed in its report on Wednesday. The figure was higher than analysts expected and was up compared to January's 10.1%. On a monthly level, consumer prices rose 1.1%.

Meanwhile, the Consumer Prices Index including owner occupiers' housing costs (CPIH) saw a 9.2% jump in the reported month, year over year, while the reading was up 1% compared to January. The Consumer Price Index (CPI) excluding food, energy, alcohol and tobacco surged 6.2% on an annual level and 1.2% on a monthly basis.

The report noted that the biggest contributors to the monthly increases in CPIH and CPI were restaurants and cafes, food, and clothing. This was partially offset by "downward contributions from recreational and cultural goods and services (particularly recording media), and motor fuels." Open / Comment

2023-03-21 13:53:34 European markets extend gains, DAX surges 250 pts
The European equities pushed for stronger gains on Tuesday, with banks' stocks bouncing back after languishing in uncertainty as a result of the turmoil brought on by Credit Suisse and California-based Silicon Valley Bank.

The positive trend seemingly prevailed in the markets after the European Central Bank reaffirmed that euro area's financial institutions' vulnerability was "limited" following the Credit Suisse takeover by its rival UBS.

Frankfurt's DAX jumped 1.76% or 262 points at 11:35 am CET. Commerzbank AG was its best performer, soaring 6.82%.The Euro Stoxx 50 surged 1.88% with UniCredit skyrocketing 7.09%. The CAC 40 rallied 1.70, with BNP Paribas rising 4.15%. London's FTSE increased 1.38%, as National Westminster Bank climbed 5.60%.

The euro gained 0.24% against the dollar, to sell at $1.07480 a minute later, while the pound sterling lost 0.21% versus the American currency, to go at $1.22509. Open / Comment

2023-03-20 19:12:53 Open / Comment