NCM Conservative (By icmfund)
The user has deleted this system.
NCM Conservative Discussion
Jul 08, 2021 at 09:25
Jul 08, 2021 at 10:12
jimbobule posted:
I heard NCM sent an email. I didn't get it, please can someone copy and paste here.
NCM Signal
4:05 PM (2 hours ago)
to info, bcc: me
Dear Subscribers,
We would like to give you some information about the situation this week.
We are stuck in a bull trend with sell positions. We have had this in the past. What is different about the current situation is that it is longer lasting. There are several reasons for this. On the one hand, we are trying to trade less aggressively because of the increasing account volume. On the other hand, because of the low trading volume we have seen in recent months, we see smaller back and forth movements in the first place, which could be a good basis for an exit.
We are currently waiting for the right price at which we can open an exit position. Knowing the weight of the matter, we are approaching it cautiously.
However, in recent days we have received nearly 500 emails waiting for a response. Unfortunately, we do not have the capacity to answer them all, especially in the current situation.
We would love to discuss in another situation what we are doing, but at the moment, this is not possible, so please refrain from giving us good advice and making requests.
We have also received feedback on the cancellation of the service. If anyone decides to do so, we are sorry, but please make sure that you cancel your subscription with Paypal, take the balance out of your trading account, or change its password.
If the market allows, we will try to get out of the current positions. It will take more time than usual and may take even longer.
We are currently at a drawdown of 14%. We have been through more than that, we are not aiming for new highs, but we are also not rushing into an exit strategy with unnecessary risk.
We hope our letter gives some reassurance to those who are worried about the future of their account.
Best regards,
NCM Team
If you aim at nothing you will hit it every time.
Member Since Mar 26, 2017
7 posts
Jul 08, 2021 at 13:55
The question is. For how long to recovery?
I saw many months with other systems.
I hope, but this is only a wish. For quick recover.
What about the past?
I saw many months with other systems.
I hope, but this is only a wish. For quick recover.
What about the past?
Member Since Jan 08, 2021
12 posts
Jul 08, 2021 at 14:27
drayzen posted:Fibonacci23 posted:The changes they make actually give me more confidence.
From what I have studied in this strategy there is something very strange indeed.
Before I get started in this system, one or two weeks ago, I noticed the grid is made with intervals of 45 pips between the trades. This time the intervals are 55 pips. If he had kept the 45-pip-interval he would get out of trade way faster. Why is this sudden change of strategy? This make us investor lose confidence on the system.
Best regards!
Would you prefer a strategy that is regularly optimised to current market conditions, or one that tries to apply the same rules forever?
Hint: I can tell you that only one of these will survuve for the long term.
If you'd been subscribed through Brexit you would know that they halved the risk when volatility was extreme because it was the sensible thing to do.
Had they not done that it might have seen the account get stopped-out.
Decrease the lot when market goes crazy thats reasonable. The point is, the exact moment when he changes the strategy increasing the intervals, he went in a huge DD and could get out if he kept the old rule. Thats my POV.
Member Since Jan 02, 2015
14 posts
Jul 09, 2021 at 08:02
NO SL. Account could meet a big DD or account blow on crush.
Plan Your Trade. Trade Your Plan.
Jul 13, 2021 at 16:24
Kn0rtzsch posted:We need to have patience. The system work ed well for 4 years. We need to wait a downside
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.
Jul 13, 2021 at 17:00
Kn0rtzsch posted:That's where your personal DD % comes into play.
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.
Member Since Jun 24, 2020
5 posts
Jul 13, 2021 at 20:08
Kn0rtzsch posted:If you think so, you can just hedge it.
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.
IMHO there are still 2 Fib targets that are not filled to the upside (1.73525 and 1.73855).
I have just hedged my account.
Jul 13, 2021 at 20:15
Kn0rtzsch posted:Third rejection at 1.732, so upside is no certainty.
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.
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