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NCM Conservative (By icmfund)
The user has deleted this system.
NCM Conservative Discussion
Jul 14, 2021 at 13:41
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😉
Member Since Jun 24, 2020
4 posts
Jul 14, 2021 at 14:42
(edited Jul 14, 2021 at 14:48)
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!
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!
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Jul 14, 2021 at 16:50
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.
Member Since Mar 26, 2017
7 posts
Jul 15, 2021 at 15:34
Is this possible to get out from this DD now? I think is near 50%
Member Since Jun 24, 2020
4 posts
Jul 15, 2021 at 17:37
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.
Jul 15, 2021 at 20:40
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.
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.
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..the alien does not concern itself with the opinions of humans..
Member Since Dec 21, 2018
111 posts
Jul 16, 2021 at 05:16
It looks like the system is in disaster.
