I'm not following the signals anymore...

I guess this will be my conclusion of this whole YoutradeFX signals review. I'm not following these signals anymore for a few reasons which I will be explaining below:

- The 1st email I get is too early for me. Around 5 in the morning each day and they call it 9 am or something. It's just too annoying for me living in the left side of the map.

- Most of the trades I followed were losers. Sometimes I win big but most of the trades are losers.

- I receive several signals a day for different TimeFrames. From 1H to 1D and around half of the times I miss the 1H opportunity.

- I have a life besides trading the markets, I also work and invest in other entrepreneurial fields such as real estate or technological start-ups. Having to focus on trading for 3 or more times a day is kind of stressing. I prefer to give full focus once a day and then get done with it. That's also one of the reasons why I prefer 1D or higher timeframes, they're also far more accurate.

- I've been more successful - i.e. higher % of account growth - trading on higher TFs than 1H or 4H.

- I wouldn't recommend these signals to someone who has a similar lifestyle as me. So, I believe this may be the last post of this particular blog.

Thanks for reading.

Henry Latourrette
@henlatourrette

Buy stop on USDJPY @ 102.27, and sell limit on GBPCHF @ 1.4585

GBPCHF is testinf resistance and we're looking for a move down in the short term.

Regarding the USDJPY, the pair is doing a pullback into the MA support and we're just waiting to go long.

Buy stop order on USDCAD and Buy limit on #HPQ

The USDCAD is expected to resume its uptrend. So a buy stop os waiting over there. It had to be a buy limit actually, but I'm late on this one.

Regarding Hewlett-Packard, here's the news and the signal I received from YoutradeFx:

I don't know what they meant with 2nd Take Profit. I guess I should open another trade after the 1st TP is hit. So, by now the order in the graph is looking like this: 

This was quick... Lost on USDJPY trade but won on EURCAD

We have just had a quick market mivement. Fortunately the two trades were well set with low risk and in the end they ended in profit.

Buy limit on EURCAD @ 1.5519

The pair is moving up so any pullback presents a buying opportunity.

0.37 lots of EURCAD set for the buy limit order.

As for the previous orders, none of them were wxecuted yet.

Sell stop gbpjpy @ 167.840

I don't like this signal very much as the risk reward factor is very low, but it seems as a sure bet. If the GBPJPY breaks that support it would surely reach the TP level.

Short on USDJPY and long on GOLD

I'm getting back from a little vacations from trading.. So these are my first trades again following the youtradefx free signals.

The yen is expected to be a secure haven currency where investor would park their money away from the escalating cpnflict betweeen Russia and Ukraine. So, I'm shortselling 0.37 lots of it according to the signals.

Regarding the GOLD, there is an strong momentum to the upside so I'm entering a long position.

Buy limit on nzdusd and sell limit on gbpjpy

I admit, this time I didn't even look at the charts. 

Buy limit on USDCAD @ 1.11677 and Sell stop on GOLD @ 1242

Short on AUDUSD, and Long on WTI

In the meanwhile, USDCAD has hit Stop Loss and EURUSD - the short term short trade - has hit Take Profit.

Buy limit on USDCAD @ 1.11577

And finally, take profit hit on EURJPY..

Short on EURUSD @ 1.36392 and long on EURJPY @ 140.551

Long on Audjpy and pending buy order on GBPUSD

And I'm still on the trades based on daily charts. The other Trades I had opened  had reached stop loss.

And again, acc is not yet recovering as expected.

Sold EURUSD @ 1.35367

And opened a pending sell order on EURUSD again at 1.35460 and another one on Eurjpy at 141.730.

Both pending orders are based on daily charts.

Selling USDJPY at 104.208

2 Losses from yesterday. 3 buy limits set for today - on GBPJPY, GBPCAD and WTI

Account is still -4% since I started it.

Good trades are yet to come - I hope. Anyway, drawdown is has been small so far.

Buy limit on EURJPY and USDJPY

Two pending orders set on JPY. And from yesterday's trades I have two of them hit stop loss.

Sell Limit on WTI Crude Oil @ 92.38

The pair is expected to follow its downtrend.

In the meanwhile, no pending orders were executed.

Buy limit on AUDJPY @ 93.39 and Sell limit on GBPAUD at 1.8212

End of the week... Around 0.2% + up

Well... This is not bad. At least the account is recovering from previous week. So far since I've started this acc like 3 weeks ago, it's now around -0.9 %.

But, if we have more days like today... This would be great.

Another take profit hit today. This time it's on GOLD

Finally a profitable day so far. Eurusd hit SL but Eurjpy has hit TP

The key to profitable trading is to loss little but to profit bigger. At least with a risk reward of 1:2 or 1:3.. And that is what happened in here. 

In the meantime, the trade on gold is also doing fine right now.

2 Buy limits set on EURCAD and GOLD, 1 Sell limit on EURJPY

Euraud hit SL and AUDCAD hit TP.

And the EURUSD is doing fine by now.