Ahoy there fellow zulutraders. Over the last little while I’ve been accepting trading signals from a ZuluTrade signal provider known as “for333″ but today I just about had it with his shoddy trading. I thus decided to remove him from my signal provider portfolio. He used to be much better, so I dunno what happened. Today the NFP got released and for333 decided it would be super cool to open several buy positions in spite of the fact that price action CLEARLY confirmed the continuation of the current downtrend in the EUR/USD currency pair. The downtrend got confirmed several times. The second time it hit the ceiling at around the 1.2984 region it spiraled downwards. So why oh why open buy positions now? Granted he used stop loss targets for these positions but it seems like a waste of pips. Why not go short? Heck I did with my own manual trading and I’m making positive pips thus far.
Anyways, I’m just venting some frustration here, and in my opinion I would say avoid this signal provider for now. There are other far better signal providers out there. Stay tuned to this blog as I will definitely share them with you.
I wish you all many pips!
Cheers,
Alan
Related posts:
- Disabled two more ZuluTrade signal providers
- Qurenix – the latest forex signal provider on ZuluTrade
- Hotshot ZuluTrade Signal Provider – Fly on the Wall
- Interesting ZuluTrade signal provider – Tradeworks HTT
- I removed both Saved FX and Kama Spot from my ZuluTrade portfolio
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November 2nd, 2012 at 10:54 am
Hi Alan,
I also noticed the top signal providers don’t seem to be so good, getting rusty I think. I am following or kahana at the moment, worth following in my opinion, been watching him for a while. Let me know what’s your opnion on him.
Regards,
Thomas
November 2nd, 2012 at 11:12 am
Hi Thomas. First of all thank you for visiting my blog and thanks for sharing your signal provider recommendation and for commenting on this post.
I have a gut feeling that tells me many of these “top” signal providers start abusing their followers once they make it high up in the ranks. By abusing them I mean then trade frivolously just to earn commissions or get cocky and think they own Mr. Market. But Mr. Market sooner or later kicks their butts and they crash and burn.
I look into kahana and demo test him for a while.
Since you recommended a signal provider it seems only fair that I do the same. Have a look at Qurenix.
In regard to Or Kahana. He seems like a good trader so far. However there are a few things that I personally do not like. The drawdown seems a bit too high for my taste. Also he’s got no live followers. But I really like the fact that he trades using his own money and the trading signals are coming from his live account.
November 26th, 2012 at 2:30 am
Howdy would you mind letting me know which hosting company you’re working with? I’ve loaded your blog in 3 different web browsers and I must say this blog loads a lot faster then most.
Can you suggest a good web hosting provider at a fair price?
Kudos, I appreciate it!
November 26th, 2012 at 10:19 am
Umm, not sure if this is an attempt to get your link out there (ie spam) or not, but I guess I can answer your question. I use the following hosting provider:
http://alansmoneyblog.com/links/hostgator