Hello fellow auto traders. I’m sorry everyone, it seems I forgot to post the to post the top performers this weekend – I normally post the results Saturday or Sunday. Even though a little late, here are the current top performing zulutrade signal providers:
Hello fellow auto traders. It is once again that time of the week – time to post the top performing ZuluTrade signal providers. I don’t have much time today to write any commentary so without any further ado and verbiage from my end, here are the top performers. Give them a careful consideration and a decently lengthy demo test before giving these signal providers control of your live account.
Hello fellow auto traders. It is once again that time of the week – time to post the top performing ZuluTrade signal providers. The only change in the top rankings for this week is that one signal provider got replaced by one called MGN Asset Management. Below you will find the top performing signal providers for this week. If you have any opinions you’d like to share about these signal providers (no spam please) feel free to comment below or join the Forex Nirvana Forum and look for the Zulutrade signal providers thread (there is a section dedicated to auto trading).
A Trading Lesson from Elliott Wave International’s Jeffrey Kennedy
By Elliott Wave International
Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures trader education service and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but he also uses several other technical tools to supplement his analysis.
My primary tool as a technical analyst is, of course, the Wave Principle. Even so, I find great value in other forms of technical analysis, such as candlesticks and indicators. With this in mind, let’s review one of my favorite old-school chart patterns — Head-and-Shoulders.
Spotting a Head & Shoulders Pattern
This formation was popularized by Edwards and Magee in their seminal work Technical Analysis of Stock Trends. It is a reversal pattern and consists of a left shoulder, a head and a right shoulder.
A trendline drawn between the price extremes of the left shoulder and head and head and right shoulder is referred to as the neckline. The neckline is important for two reasons — the first being that a parallel of the neckline drawn against the extreme of the left shoulder can identify the extent of the formation of the right shoulder.
The second important aspect of the neckline is that it can provide a high probability target for the subsequent breakout. If prices decisively penetrate the neckline, the distance between that point and the head is often a reliable objective for the ensuing price move. Watch this 4-minute video where I explain more:
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In this free report, you will learn some of the most effective tools of the trade from analysts at Elliott Wave International. Find out which technical indicators are best for analyzing chart patterns, which are best for anticipating price action, even which are best for spotting high-confidence trade setups — plus how they all complement Elliott wave analysis.
This article was syndicated by Elliott Wave International and was originally published under the headline Learn to Spot a Head & Shoulders Pattern in Your Charts (Video). EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
Howdy fellow auto traders. It is the time once again to showcase the top performing zulutrade signal providers. This week there was another shakeup. The only exception is that Newwave is still in the top 5. Feel free to click on the signal provider’s name below to see their performance history page. Here is the ranking:
Hello everyone. I thought I’d post the top performers for this week even though my zulutrade account is still in “oh hold” mode. I’m not sure when I’ll get back into autotrading but for now I’m mainly trading manually as I believe I’ve mentioned in a previous post. So without further ado here are the top performers; take them with a grain of salt!:
Hello everyone. Once again, it’s time for the top ZuluTrade signal providers listing. For now I’m still on “pause” mode as far as zulutrading is concerned. So, I won’t make any commentaries on the various top signal providers and I’ll just go ahead and paste the rankings for your perusal and research:
Hi everyone. A while back I wrote a post saying that I started testing the Forex 1000 Pips EA. So after some time testing the EA I think I can confidently come to a personal conclusion regarding this EA. I say “personal conclusion” because I was not able to test it for an extended period of time. On the date of 04-14-2013 I set it up on a demo FXCM mt4 account with a starting balance of $5000 (USD). My demo account expired on 08-02-2013, and at that point my account balance was at $5093. There was a floating trade on the GBP/USD pair that at the time the account expired was at -167$. However the good news is that this gbp/usd position was opened at 1.55xx so had the account not expired it would’ve hit take profit for sure as gbp/usd is not at the 1.60xx range.
So, basically this EA works somewhat but given that after several months I barely made much profit I’d say it’s not an ideal performer to put it politely. If you go to this EA’s homepage it appears it’s no longer available for sale. Instead its creator (a supposed “Rita” woman) is selling some scalper EA. I’m not sure if it’s worth spending more money to test her newest creation. Since it’s no longer available for sale I can’t give a definite buy or not buy recommendation. I would just say “move on” is the best review conclusion.
For now I think I will look for other EAs to test.
Happy trading everyone, and thanks for visiting my blog.
Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.