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
Thursday, March 27, 2014
Monday, March 24, 2014
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.
Friday, March 21, 2014
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:
Wednesday, March 19, 2014
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.
Tuesday, March 18, 2014
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.
Monday, March 17, 2014
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.
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