New year's eve today.. And I'm selling AUDCHF

Here's how the chart looks like

And here's how the trades are looking by now

Another SL was hit yesterday, on EURUSD:

At the very moment, markets are moving quite fast but it should be slowing down as the day goes by. 2014 is right ahead...

New buy limit order placed on EURJPY

It's a buy limit @ 144.60 with SL @ 144.00 and TP @ 145.80

With a risk reward of 1:2. Seems a quite logic set up for me. If the eurjpy go down untill 144.00 then it wasn't going up. Anyway, a long position on eurjpy seems safe to me.

Trades set. Sell on EURUSD and buy stop on GBPUSD

Risk is 1% as always. Win could be around 3% per trade on these ones.

All trades closed by now. No new signals received.

So far there were 3 loser trades and a winner. I didn't get any signal today neither yesterday. The team might be on holiday vacations or something. I should write an email or call my acc manager today.

And so far, within a week my acc is -1% .

Not goo but not bad either. The good thing is that the loser trades lost only 1% per trade but the winner did profit 2%. So if by the end of the week or month there are at least the same amount of losers and winner trades, there will a considerable profit.

Buy limit set on USDJPY

Buy Limit 0.3 Lot of USDJPY @ 104.129

With TP @ 104.954 and SL @ 103.787

Yesterday, SL was hit on GBPAUD

Selling WTI crude oil

According to youtradefx signals, it's hitting resistance and a pullback is expected.

So, I've opened a short at 98.990 or something. The signal said at 99.020 but I was late - I'm usually late on CFDs as I'm doing other stuff at nyc opening time.

So... This is how it looks like right now:

Trades and orders opened and set on EURAUD, GBPAUD and USDCAD

Ok, from the next week on, I'm starting to follow YoutradeFX signals again from zero

I must say that I didn't trust so much in these free signals in the beginning...

Really, who shares with you free but profitable signals these times? There're not so many people doing that. That's why I didn't even managed the risk and the account I was doing the tests with went up almost 2,000 USD in a week. But that was by trading standard lots without managing the risk. So, I could also be loosing that much of money instead.

Anyway, I've opened a new account and this time I plan to stick to the signals risking only 1% per trade and so, see how far I get from there.

Besides just trading these signals, they also have their learning benefits. As I always try to understand the trades they share. Some of them - I notice - are based on trend reversals, support/resistance breakouts, trend line breakouts, and a few other patterns that you start to see when placing the trades.

So, they're not just numbers but these signals helps you understand the market better while viewing it from another points of view.

In my case, I have my long-term strategy in another account that have a different strategy. And sometimes the trades are in contradiction but anyway, it feels like having a hedge fund made by different strategies.

Well, we're in weekend right now and next week is christmas with a no-trading day in the middle of the week. And the same on new year. But anyway, I always say that best time to start new projects is whenever you feel ready to start them. And like in most of the times, now is a good time to start.

2 of the yesterday's trades were losers.. But #FACEBOOK and #EURJPY are doing quite well so far

1 Cfd was high risk, I admit it.. For a 10,000 USD the stop loss would have reached 1000 usd in loss, but it's fine right now... and that CFD alone is covering the previous losses..

Buy Limit on #FACEBOOK at 49.49

With youtradefx you can also trade CFDs. So, this would be my 1st CFD trade with ytfx. 1 CFD= 1000 shares.

It's expected that Facebook would reach a price of 51.880. If the opposite happens, stop loss is set at 48.550

Sell stop on USDJPY at 102.566

I got another signal from youtradefx right now... This is for USDJPY 

Take profit would be at 40 pips. Stop loss on 20. 

Trade set for audusd

#AUDUSD hit Take Profit..

Today was the 3rd but first profitable day of following the youtradeFX signals. 292 USD up with a 1 lot trade.

The other pending order didn't hit the trigger "buy limit" price. I think I should remove it by tomorrow morning. But it's ok... The day was profitable with just one trade. 

Trades set and opened for #EURJPY and #AUDUSD

The eurjpy should continue its way up and the audusd at least may go up until its resistance level again. Let's see what happens. These signals looks more promising than the others from previous days.

Stop loss was hit on the #EURUSD

This is unbelievable. The EURUSD had a super downpick just to take off my trade.

Buy Limit order set at 1.36389 on #EURUSD

So, it's suppose that the EURUSD will go down until reaching that buy limit point and then have a rebound up to the take profit level at 1.3679.

I received also another signal for the NGAS but I cannot open anything with it yet until the market is open for that instrument. I estimate I'll have to wait to the New York session opening at 9:30 NYC time.

#GOLD and #USDJPY have reached stop loss and take profit

Well, I guess it was not a good idea to trade 1 Lot of #GOLD with a 10,000 USD account. From now on I'm just trading 0.1 lots. #USDJPY did well with a 341 USD of profit. If I traded 0.1 lots of gold then today would have been profitable. Bad mistake.

Long on #USDJPY and #GOLD

I got my first signals today from YoutradeFX. It's all set up now. Both are "buy limit" orders.

Now I just have to wait for the orders to trigger.

I know that 1 Lot of GOLD is a little too much and I don't know how much that Stop Loss means. However, this is a demo account and I really want to know how much money can anyone make trading 1 unit lots from these signals. So, we'll have to see what happens later in the day. 

Starting out this journey

Today in the morning I received a call from Mr. Jaime Morales of YoutradeFX. A very nice guy, he introduced himself telling me that my previous account manager was promoted to another position and that he'd be my Account Manager from now on.

Ok, so he asked me if I was using the signal service they provide to their clients, I answered that I've never tried it actually.

So, in an effort to leave this written and to make it accountable later on, I'm starting this blog to see how I go with it.

I plan to follow the trades suggested by the experts of YoutradeFX exactly as they say. The only thing they don't talk about is the risk. I suppose it depends on each of the traders. Anyway, I plan to trade a fixed 1 Lot per trade. And I'll be posting the results. Let's see how good are these signals they say.