GBP/USD Live Trade 07.07.10 (Follow Up)

Posted by Fetor 3 Comments

This video is a follow up to this post:

http://www.forex4noobs.com/blogfet/gbpaud/gbpusd-trade-opportunity/

Several people had questions about my trend line placement. I attempt to explain the trend usage in the video and monitor the trade. It was not that successful of a trade, as I closed it out with minimal profit, but the price did eventually move to the target point on the lower support line where we wanted to exit.

If you have questions or comments leave them in the space below.

Art

Hi Fetor, Nice analysis all through out. You were basically calling as it happened & before it happened. I took this trade & exited at a -25 pip loss. This was definitely an indecisive trade. It broke the trend line in 1hr, came back back abovw then back below.

I have to say you sounded full of energy in the beginning of video then you sounded tired at the end. Hahaha

I normally trade GBP/JPY & went back to it with +80 pips – (-25 pips) = 55 pips.
Keep up the good work, I’m others are learning a ton, especially the thought process of trading.

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

Art,

Sorry about your loss. We take the losses with the wins, but you did it right by trading multiple pairs and taking further gains and cutting loose your small loss. It’s the only way to build an account. Yes, I was tired by the end as I’m in the EST so the hours are horrible for forex trading since London opens at 3am here. Anyway, thanks for commenting and good luck to you.

-Fetor

kibed83

This have revolutionized and fine tuned my trading experience.Am seriously De-freezing pips all the way..:). Looking on the dairy charts..Am in EURAUD shorts trade @ 1.4500 hopping to target 1.3920 approx 570 pips in the next couple of days..