LAGFX Forex Learning Lounge

2023-02-21 15:04:26 GBP/USD 15M Update - As you can see we have had great results from the analysis we produced and the trade we placed on GBP/USD just las week. I ended up closing my position a little earlier just as I do not like to hold positions over the weekend.

But as you can see price has continued to put in the bullish structure we predicted and has gone to surpass the TP we had in place, the TP was set here with the understanding that price would surpass it and this was to guarantee our take profit would be achieved this is all part of taking safety precautions.

This trade Took Profit for +135 pips. (+ 18%) 9RR

I am now expecting price to continue trading us higher and into one of the Supply zones I have highlighted above, from there we can expect price to reverse and start to trade us lower once again, this gives us the opportunity to look for potential sell opportunities!

Well done to those who got involved in this move! Any questions drop me a message or comment below! @LukeGFX Open / Comment

2023-02-20 16:59:18 USD/CAD 5M Update - How we getting on people, I hope you are all okay. Just thought I would give you all an update on this market.

As you can see price has tapped perfectly into the zone and area in price that I predicted on last nights Sunday Sessions video!

As you can see if you had placed a position based on a penentration of this zone in price with your SL above the zone itself and the TP at the higher TF swing low, youd be up very nicely now.

This trade is currently running + 40 pips. (+ 10%) 5RR

This is a prime example of how important it is to watch our Sunday Sessions videos as they hold so much value and provide you all with FREE trading opportunities.

Well done to anyone who got involved, for those of you who didnt, I will be trying to source and entry for you moving forward! @LukeGFX Open / Comment

2023-02-19 21:10:25 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

2023-02-19 19:16:39 GBP/USD 5M Update - How we getting on people, as we come to the end of the weekend and the markets are within hours of re-opening I thought I would provide you all with an update on the trade sent out on friday!

As we can see since the last update price continued to trail us higher breaking highs and creating new higher lows, we are still seeing clear bullish structure being put in to the markets confirming further bullishness.

This trade is running + 113 pips. (+ 15%) + 7.5RR

You will notice I have gone ahead and provided you all with another potential Re-Buy zone that price could come down to tap into before taking us up into our TP. Be sure you have all pieces of confirmation before looking to re-enter.

Well done to all involved in this beautiful trade. Price has played out exactly as predicted. Be sure to take partials and implement the use of good risk management. @LukeGFX Open / Comment

2023-02-19 17:38:42 Open / Comment

2023-02-16 18:23:59 USD/CAD 4H - As you can see from the chart above price is very much within its corrective phase and has been putting in structure that would suggest its looking to continue moving higher.

I have gone ahead and highlighted a POI above that I believe will hold the relevant Supply needed in order to put an end to this correction and instigate its next move lower. As always before we look to take part in this market we must wait for the relevant pieces of confirmation.

I want to see price trail us into this zone for Supply to be introduced and for structure to break to the downside, this would confirm the end to this correction and the start of its next move lower.

There we can wait for price to pullback into a valid fractal supply zone where we will be able to enter in on a refined entry. Setting our SL just above the peak created and our TP set at a higher TF swing low. Open / Comment

2023-02-16 18:08:46 Open / Comment

2023-02-15 23:51:34 NEW TRADING COUCH VIDEO ON YOUTUBE

WE ARE BACK with The Trading Couch videos guys! In today’s episode we talk about the new things to come to LAGFX and our move to the city of Manchester. We also touch base on the new LAGFX Ambassador program, we hope you enjoy!

If you don’t know what the Trading Couch series is, it’s where both Luke & James take some time away from the markets and talk about all kinds of topics, whether it be Forex related or not.

We hope you enjoy the video, if you do be sure to leave it a Like and share with your friends and if you have any feedback be sure to leave it in the comments below of the video!
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Open / Comment

2023-02-15 19:51:34 GBP/JPY 1M Update - Well well well, will you look at that, our potential Re-Buy zone played out perfectly and has acted as a level where a higher low has been set.

Price tapped into this demand zone and delivered us with great signs of rejection, our second entry however came from the pullback it made later on tapping into the initial red candle it produced after it rejected the zone.

Position One is running + 39 pips. (+ 6%) 3RR

Position Two is running + 17 pips. (+ 3.4%) 1.7RR

A huge well done to anyone currently involved in this market, if you managed to get involved in the re-buy zone as well then you should be up very nicely!

Remember people, take plenty of partials to close profits and apply good safety measures. Any questions drop me a message or comment below! @LukeGFX Open / Comment

2023-02-15 12:25:47 UK inflation down to 10.1% in January
The United Kingdom's Consumer Price Index (CPI) rose 10.1% in January compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a decrease from December when annual inflation in the UK stood at 10.5% and is lower than analysts had anticipated.

The largest downward contribution to the annual inflation rate came from passenger transport and motor fuels and restaurants and hotels. On the other hand, prices in alcoholic beverages and tobacco made upward contributions, partially offsetting the decline.

On a monthly basis, consumer prices were down 0.6% in January, while the Consumer Prices Index including owner occupiers' housing costs (CPIH) climbed 8.8% year on year but was down 0.4% month on month. Open / Comment