So, all the European claims will now go to Cysec, and ICM will be blocked again over there aswell. They just can't run from one to another regulator, just to hold back huge profits that traders made on their platform. ;-)
After 3 positions countertrend it stopped buying. That means that it has to make up to the buying price of the middle position and 1-2 pips more than that for break even. With the current move there is a pullback outstanding also it’s heavily overbought now. Just the question if the pullback will be big enough to take out the position. If not we will have a huge loser
@icmfund, Good work closing out of that bad situation, it's always a rough call to make. There's a reasonable permeability for GBP to push a lot higher so glad to see the way you traded that then got out. Live to fight another day.. 😉
The next step is 0.18. It is very carefully entered manually. The last position was also a manual when we saw a possible pullback. But please, I like to ask everyone interested that please read the FAQ section. There is a strategy subpage where you can read about it. Adding increased positions comes with a danger, but we have many years of observation about possible movement in this pair, so we do it accordingly. Also, this is the reason we allow custom drawdown limits. Not everyone is comfortable with this possible risk, so that everyone can set it manually.