NCM Conservative討論

drayzen posted:

Kn0rtzsch posted:
I think waiting for the pullback is the worst now. Prices making higher lows and higher highs, there will be a breakout to the upside and put the account into a bigger DD.

Third rejection at 1.732, so upside is no certainty.

Fourth rejected😉

This is insane. From 72400 to 73700 in 2 minutes...

Crazy upward spike now probably due to the news. Going to be hard to get out of this one unharmed.

there is the breakout to the topside, not sure what kind of news caused it? i am thinking about closing out and take a loss or hedging.

Just my 2 cents...
The more rejections there are, the weaker is the level.
Still one more FIB target above @ 1.73855 . Then no more FIB targets. There should be a retracement till 1.72937
Problems are GBPUSD and USDCAD that are soooo bullish!

ok a 4th position was opened with the size of the previous 3. good luck all together =)

Perfect example of a whipsaw earlier. A major bank or dark pool is manipulating GBPCAD pricing. When this happens, there is no overbought or oversold and no such thing really as support and resistance. the Whipsaw went into full daily range and broke up into H4 support which immediately failed. Has confirmed my view that possibly only manually trading on higher time frames with SL is probably the best fit for most. OK, NCM may end up back at BE or close but with 1:500 leverage, no SL, it's a recipe for sleepless nights.

Seems like resistance is broken? Consolidating at this level after a break above this level.

Last line of defence at 1.7373

Kn0rtzsch posted:
ok a 4th position was opened with the size of the previous 3. good luck all together =)

It was closed on profit. I don't know why but I'm confident with NCM team and I increased my deposit

That long ass candle..

Why so much volatily??! Zero news. Incredibile candle on the upside in just 1 minute like the past days..

Moruz87 posted:
Why so much volatily??! Zero news. Incredibile candle on the upside in just 1 minute like the past days..

BoE Sanders speech

Is this possible to get out from this DD now? I think is near 50%

jimbobule posted:
Perfect example of a whipsaw earlier. A major bank or dark pool is manipulating GBPCAD pricing. When this happens, there is no overbought or oversold and no such thing really as support and resistance. the Whipsaw went into full daily range and broke up into H4 support which immediately failed. Has confirmed my view that possibly only manually trading on higher time frames with SL is probably the best fit for most. OK, NCM may end up back at BE or close but with 1:500 leverage, no SL, it's a recipe for sleepless nights.

To me, there is no central bank and/or dark pool. USDCAD changed to a bullish trend. Check out the weekly chart. We cannot fight the trend. We hope the GDPUSD gets somehow bear to compensate the bull USDCAD.

Averaging up in a bull trend is suicide.

I appears that GBP gets is strength from Covid.
More Covid cases = stronger GBP... 🙄
Maybe GBP has received it's Moderna shots and is infecting others, because it's currently toxic to anything that goes near it.
While I expected GBP to be forming new averages post-Brexit, this current strength against everything else just makes so sense.. 🤷‍♂️
At least we've now reached a point of multiple historical highs. Given this, personally I'd only be considering small closely-monitored hedges or you might bind yourself up.

Szczepanski posted:
Is this possible to get out from this DD now? I think is near 50%

Your risk factor must be 200% to get 50%. Currently DD is at 25%.

It looks like the system is in disaster.

Gbpcad time for a downside, multiple bearish indicator