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!