02.08.2010 GBP/AUD Live Trade

Posted by Fetor 15 Comments

This is video of a trade I started 3 days ago with GBP/AUD. It turned out to be a fantastic trade and one that was worth the wait. At the end of the video if you are wondering why I closed it out where I did, it was only an issue of being sensible over being greedy. The trade had exceeded expectations and for me that was enough. Enjoy.

Dod

Wow Fetor did it again!
What a fantastic trade it was, it enlighten me once again

Quick question, Was this trade purely technical analysis or taken some fundamental analysis into account

Cheers
Dod

PS: keep posting live trades, it’s help our trading career
rob

Solid…. very solid great trade! 400 pips…. guess that takes care of this month!
Miguel

Hi Fetor,

Your video and trade are absolutely fantastic!

If you could add more videos like this, that would be great!

Generally do you trade all currency pairs as soon as you find good patterns to trade?

Cheers,
Miguel

http://www.forex4noobs.com/blogfet/ Fetor

Miguel,
I do not trade all currency pairs. There is just too much information to process. I watch about 10 pairs; some more closely than others. A few I trade off lower frames so I’m more attentive to them because of the nature of the market on lower frames.

fb

Great trade and insight. TQ
Mike Tye

Great video, its amazing to see you make that much money in just a few days! I guess it must be a beautiful feeling and make all the hard work put in before you became a complete and ‘proper’ trader seem really worth it!
Rob J

Amazing watching you work, really gives me something to aspire to. I watch trades unfold for me using your teachings and it is a great feeling to see them complete. Of course on a lot smaller scale, But some day!!!!!!

Thanks Fetor
Rob J

Hey Fetor, if that trade was to set up on Thursday instead of Monday, would you have played it the same way. Also would you have held it over the weekend? or closed it Friday AM?

http://www.forex4noobs.com/blogfet/ Fetor

Rob J,
Yes I would have played it the same way and yes I would hold it over the weekend.

Spookie94

This was a great video. Once again you pointed out something (the curve) that many of use would have over looked.

I know this is asking a lot of you, but would you be willing to visit the chatroom sometime and show us how you set up a chart? I follow your videos and such but still wonder where certain lines were produced. It would be great to see you take a blank chart and mark your S/R and trendlines right from the beginning. Maybe even a pair you don’t regularly follow.
I feel this is the foundation of proper trading. And until us new traders grasp this we will continue to be inconsistant in our trading.

http://www.forex4noobs.com/blogfet/ Fetor

Spookie,
Yes, I would be glad to do that. I will at least make a video of the process and show what I’m looking for when evaluating price setting in the market.

Miguel

Fetor,

Thank you very much for your explanation.

You know I am following you since day one, and I have looked all your videos, followed all your webinars and you are always impressing me. I like your trading style and your explanations. They are simple and precise.

I am just wondering if you do some mentoring program?

If so is it possible for you to contact me? Can you see my email or how can we do to enter in contact?

Thanks again and cheers!

Miguel
Spookie94

thanks for your response. I will look forward to any of your further input.
Glenn

Hey Fetor,
You are absolutely the best of all of the various instructors that I have viewed during my learning process. Your analysis of price action and supply/demand is very clear during your presentations. Thank you for all the time that you have put forth towards helping us learn this business. May God bless you and your family.
Jack

Great spot Fetor. I wouldn’t have seen that trade. I just hope I’m never the fool paying you on the other side.