Utusk

Hello everybody! I’m Utusk signals provider. At the moment quite many people were asking me questions about my recent performance and the reasons for such results. So, I decided to explain you everything and tell you what I really think about the current situation. Please, read this post up to the end, because it is really important.

2 latest months were quite difficult for me and my Forex trading strategy. The trading was just like a graph of some currency pair. It seemed that my performance met some resistance line and couldn’t break through it. The graph of my account growth reached it and then fell down again and again. And this had continued for 2 months. But I want to speak about something different now – about my performance and the subscribers to my signals.

There are no systems, that can bring profit all the time. Every profitable trading system can sometimes get losses, just like an unprofitable one can bring some profit from time to time. That’s just about mathematical expectation. A system can’t be evaluated on a small timeframe. Evaluating a system requires at least a half a year. If the mathematical expectation of the system is positive, even after making some drawdown the system can recover and continue increasing the account.

And here I want to talk about one important thing. If you try to analyze the performance of any Forex trading strategy you can see that after a series of profitable trades there are some unprofitable ones. Sometimes there is only one losing trade, sometimes there is a couple of them. But after them a series of profitable positions comes again. And such things repeat again and again. But the most important is, that the account continues to grow and reaches new maximum levels.

Having analyzed the history of subscriptions to my signals I have found out, that the majority of people are subscribing to my signals after a series of profitable trades and improving of the statistics. And it is quite logical – the folks see, that everything is OK and subscribe to my signals. At the same time the number of subscribers is getting smaller, when my trading system is experiencing some losses. This means that people refuse from getting my signals in such situations.

But such attitude is completely wrong. Let me explain you why. As I’ve just said, after a series of profitable trades some losing ones can take place. But after that the performance becomes profitable again and the account is growing all right. The point is, that the most people are subscribing to my signals just before a small period of losses, when my Forex trading strategy is showing constant account growth. At the same time people stop getting my signals during losing periods just before my system starts bringing profit again.

So, now you can just look at my results for almost 2 years of performance on the service. And you see, that the total account growth counts about 450%. At this rate it can be surely said, that my system has positive mathematical expectation. This means, that if you want to reach the same results, you don’t need to refuse from the signals when the performance comes into an unprofitable period. If you do that, you can miss the start of new profitable series and not get the profit brought by the signals.

If a system works well and brings profit to its users, it should be accepted “as is”. It is impossible for any Forex trading strategy to avoid unprofitable trades and get profit constantly. But constant following the signals can increase your account and provide you great profit. And if you get interested in my signals, you can view my statistics there
So, I wish you big profits and happy trading.

Best regards,
Utusk.

We have got a question from one of Utusk’s subscribers, who was wondering, why the signals provider had given more than one signal a week, while the strategy reads, that only one signal a week is usually sent on Monday. Utusk (by the way, the most popular trading system at the service) has given an explanation for that. Here is his answer “as is”, without any changes for you guys to read and take into consideration.

The first position was opened just according to the trading strategy at 7 – 8 GMT on Monday. The position had been opened for more than one week, because at first the profit wasn’t satisfying and then the position became unprofitable at all. In the middle of the following week (October 14, 2010) the position has been closed by the stop-loss. I decided not to wait for Monday and opened a position in several hours, because I found out that the trend had reached the local maximum point and was likely to move down. And if I had opened this position on Monday I would have lost the possibility to get the profit. As you can see, the trend began to move down on Friday.

According to my trading system I almost always open one position a week (on Monday at 7-8 a.m. GMT). But sometimes I can open some more positions. And I can’t say when I gonna open them, because I can’t foresee the trend’s moving in advance.

The month haven’t ended yet, and it is a bit early to make some conclusions. But I can surely say, that this is not the worst month in my trading. The subscribers, who have been following my signals for quite a long time, could have seen, that in March 2010 I made 450 pips drawdown in one week, but then the recovery followed and the total result of the month was positive. This month the drawdown counts 430 pips in the first two weeks, but this week the profit already counts 200 pips. You are also to take into consideration, that there is no strategy, that will be giving the profit all the time. Everybody sometimes faces the losses. The main thing is to face them right and try to prevent the further ones.

The main reason for not good results this month was the trading on GBP/USD pair, which the drawdown is connected with. At this rate I have taken the decision to stop trading this currency pair for a while, because the behavior of the trend is pretty unpredictable at the moment. And it is also influenced by the behavior of “big players” of the market, who have great impact on it and the whole situation on the market. To my mind the trend development on GBP/USD is pretty difficult to predict, because it is moving against the analysis but under the influence of the big authorities of the market. So, I’ll try to focus on other currency pairs in order to bring the best profit

Hi guys! The time for the Utusk’s real surprise has come! Do you want to take a look at the most amazing Forex account in the world of trading? Of course you do! So, let me take you through it and give you some instructions how to download the MT4 and take a look at the account history.

At first you just go to the page: https://www.fxpro.com/mt4-download, where you download the MetaTrader4 from FXPro. The download is likely to begin automatically, but it doesn’t begin, you should click the special link, which you’ll see just on the page. The instruction how to install Meta Trader is given on the page as well.

After installing MT4 you need to launch it, then go File/Login and enter the following details:
Login: 1441941
Password: js4mxhu
Server: FxPro.com-Demo2
!!!Please notice, that in the “server” graph “FxPro.com-Demo” is set by default, so you need to change it to “FxPro.com-Demo2

After that you find the connection status in the right lower corner of the MT4. If everything is working and you see the connection is OK, that’s great! Just take a look at the account and the trading history of Utusk in order to find that his new system is not scam, but the real way of getting ENORMOUS profit.

If you see, that there’s no connection, just like on the picture below:

then give a left click at the connection status (right lower corner of the MT4) and click “Rescan servers”. After that everything will be working OK. So, be shocked to see the excellent result of the new trading system by trader Utusk.

And finally we’d like to say, that this excellent trading system will be soon available for using by everybody. We’ll provide you more detailed information in the nearest future. Just keep an eye on our news. By the way, if you are not subscribed to the signals of Utusk yet, it’s high time to do it now! Become rich with the signals of the most popular Forex signals provider!

Hi, guys! Did you like the free trial week with Utusk – the best and the most popular trader of our service? Of course you did, because he has driven another hundred of pips to your accounts! Isn’t that the perfect proof of his trading system’s profitability?

But Utusk has prepared another surprise specially for you, guys! He has developed another profitable trading system, which is doing pretty good at the moment. And you able to look at the statistics of the account, it’s just in the table below:

Do you like it? And what is more, on this weekend you will get the investor login & password of the account in order to be able to see it with your own eyes and get sure, that it’s not scam. We’ll just place the link to investor login & password in THIS BLOG. So, don’t forget to check it up on Saturday.

Just get the full understanding of the system’s work. And very-very soon everybody will get the possibility to use that trading system and get profit… But wait. That’s a surprise, isn’t it? So, we won’t tell you all the details now. Look at the statistics now, get the full understanding of the system on weekend and then… we’ll tell you what’s next.

Be ready and don’t lose your chance to get rich with the help of GFSignals.com! What are you waiting for? Join to the big army of his subscribers, who are increasing their deposits while you are reading that post! Get the subscription to his Forex signals right now!

Let your deposit grow! Don't lose your chance!

Hi, everybody! Today we have a surprise for you! The most popular Forex signals provider on the whole GFSignals.com Utusk, who is known for providing 270% annual account growth to his subscribers, tells the story of his success. It’s really an amazing story of an excellent trader. Read, enjoy, and use that to be a success!

I started trading in 2001. There was not so many Forex services as it is now, and besides that the start deposits were bigger as well as spreads.

I’ve lost my first deposit. The second and the third were lost too… I think that almost every trader had such experience. Many traders just leave Forex market after that. Maybe because of this fact it’s considered, that 95% of traders lose money. But the few people, who remain on the market and keep on trading, have a chance to achieve a great result.

It’s not a secret, that firstly the base of Forex trading is risk-management and secondly right predictions. Discipline is the basis of successful trading. Many traders know and understand it, but not follow that rule. The squall of emotions makes a trader forget about the rules, and the emotions are the main enemies of successful trading.

However that may be, after my starting trading without emotions, my deposit began to increase. Even when I have some unprofitable positions closed, I try not to be sad. I understand, that nobody can trade without losses. But I know that I’ll have profitable positions, which will cover the losing ones, and my deposit will begin to increase again.

The main thing is not to let your emotions overwhelm you in order not to do some stupid things, which will certainly lead to losing your deposit.

For a long time I was a position trader, opening one or two positions a week. But at the moment I’m trying a scalping system on one of my accounts. I have been testing it for 2 months, and the results are just amazing. The monthly account growth is from 100 to 200%.

Not depending on your trading style and methods, you should always understand clearly, what you are doing and try to get the feeling of the market. That’s called your personal trading system.

I wish you good luck and happy trading!

Hi guys! Recently we’ve published some advice, given by our active, professional, successful and independent traders to all beginners at Forex market. By the way, that advice can be found right there:
1. A short lesson by active traders
2. Another advice for beginners at Forex

We are very glad, that our clients appreciate that information very much. And we hope that it will help our clients in their trading and learning the market. Maybe some client will create his own profitable Forex trading system and start giving Forex signals through our service. So, we continue publishing the advice from our Forex signals providers. And today you are able to read 5 advice by one of our best traders – Utusk. They are:

1. Don’t trade with money that you are not able to lose
2. Don’t trade with more than 5% of your deposit
3. Avoid doing scalping
4. Manage the level of stop-loss and take-profit of your trading system
5. Control your emotions

The full and detailed version of the advice you read there: 5 pieces of advice for Forex traders

You are welcome to discuss the article and ask your questions to the author and trading system developer Utusk right there. All your questions will be certainly answered by Forex signals provider himself.

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One of our active and successful traders Utusk is taking a view back at USD/JPY in June. He’s also analysing the market and giving forecast for July.

Beginning from the 2nd part of June I’ve been keeping Buy order on USD/JPY. Analyzing the history of that currency pair I can say that Read more »