NAS100...Finishing What Was Started

8 paź 2023

NAS100USD


If you are out of the trade you must wait for the lows to resume the ongoing buy.

Last week NAS100 confirmed my analysis by finishing the week by breaking for a high before the end of the weekly close candle.

Please note however that the data on the vantage chart is very distorted as for some reason, it is only showing what happened up until Wednesday. A similar situation happened at market open last week, where it took a few hours to reset and start showing the correct data.

For now my analysis was done using the Oanda chart which is currently up to date with the last move on Friday.

Last week saw the H4 dropping and finding support at a HL before climbing back to another LH on Thursday which was confirmed by a segmented high on the H1 timeframe.

Because I was only interested in the current trend move (buying to the H4 high) I ignored the sell and waited for the new LOW to be formed on the H1 which formed on Thursday but it only made it to the 61% fib retracement line and where it bounced up without leaving any registered HL on the H4.

That sharp bounce on thursday provided a nice buy opportunity for the bulls, however it set the perfect trap for Friday's NFP move which would drop significantly at 8:30 and take out the liquidity in the market while confirming the HL on the H4, the LL on the H1 all at the expected 78.6 retracement line.

Once that was over that provided the perfect buy opportunity for me to enter the trade for my buy that I have been waiting for and providing a whopping 3500 pips for me to close the week in over 500% profit.

The price continued to climb right till the close of the week and registered a LH on the daily chart.

This push however failed to register any form of high on the weekly timeframe which needs to register some sort of high before resuming the sell that so many people have been anticipating.

So what is next?

1. Because I know that price cannot sell from a low (any form of low) I am not waiting for all time frames to be synchronized at their respective high positions so that if any sell is to happen, it will be a seamless one.

2. Since I took my profit on friday and I am out of the market, the correct setup has to exist before I restart any moves.

3. Timeframes that are at highs, have to register lows before I resume my buys.

4. timeframes that are at lows, have to register highs before I take any sells.

5. Since none of those conditions quite exist in totality, it suggests to me that the market is a bit indecisive, which is expected for the beginning of the week and so I must wait before proceeding into any trades.

6. My bias then is still towards the buy, however I will not enter a trade until the right setup exists.

Once the weekly registers its type of high, then and only then will I be shifting my bias to a sell one.

you do not need to hedge if you waited for the right setup...

Do it right the firs time...

Stop relying on signals and learn the process yourselves, trust me you will be much better for it.

I cannot stress enough;

you cannot sell from a low...You must buy from low and sell from a high

no setup = no trade

#aubersystem
#auberstrategy
#whywewait
#patience

8 paź 2023

Zlecenie aktywne

While we wait for the vantage chart to sort out it's issues here are a few things to consider.

1. On Friday I got my exit on point as it was 12:00pm and the H4 made it's high.

2. This is the beginning of the week and NAS100 likes to do it's moves to sort out itself and shake those traders who are nervous and unsettled.

3. Target was not reached on Friday and so there has to be a retracement for the price to make another run at it.

4. You are now in retracement territorry.

5. Since the H4 made a High...in order for me to take a buy, my entry has to be at a LOW.

6. tracking using my Fibonacci, considering all factors remain as they currently are, next LOW will run at 14530.4 (using Oanda's chart)

7. that will put me at a 78% retracement on the current move.
8. providing all my other timeframes are signaling the correct low points that would be a prime entry point for another buy towards the weekly HIGH.

But as usual, I wait only for my setup and if it does not come, I stay out of the markets.

no setup = no trade.
#nowwewait
#auberstrategy
#aubersystem
#whywewait
patience

9 paź 2023

Uwaga

Just an update...

The vantage chart is still lacking real time data, however the engineers are currently working on it...

For now, I am using the OANDA chart until service is restored.

The same thing happened on Sunday last week, however it does not affect the process, you just have to adjust and be fluid.

remember to exercise patience and wait for your setup.

Before going into a trade ask yourself the following questions:

1. If I am going for a sell...are all my timeframes in a high or a registered type of
high position?
If the answer is no...then that is not a trade you should be in, but waiting for
the right setup (the reverse if you are taking a buy)

2. Where is my expected exit point?
2.How will I adjust if the market breaks up the move with a series of segmented moves

Always know the how and why before you take a trade don't just listen to people who tell you all kinds of statistics about what the market should be doing.

Trade what you see and analyze for yourself and make intelligent adjustments as needed.

Allow the market to reveal itself to you and trade what it presents, now what you think.

Remember the market does not care who you are or how many years of experience you may think you have.

respect the market!

Remember that the preparation allows you to adapt to the signals the market presents.

no setup = no trade

#aubersystem
#auberstrategy
#whywewait
#patience

9 paź 2023

Uwaga

The vantage chart seems to be working normally today...however, you will notice that it does not have the data points since Wednesday last week.

It just picked up on today's movement.

I will still monitor closely since it is now showing a LH on the H1 and H4 and I know it broke that area on Friday and it is also confirmed by the Oanda.

In any event, that is even more confirmation that the move has yet to be finished as it needs to be terminated with a HIGH.

Still as of right now...I am waiting on my first setup of the week.

Just relax, sit back and let the market reveal itself.

no nail-biting moments around here and hoping price comes back to our desired levels.

We wait for price to go where it needs to go and then we attack.

I once had a manager in my earlier days of working that told me "hope is not a strategy."

#patience
#aubersystem
#auberstrategy
#whywewait

9 paź 2023

Uwaga

Today is Columbus day in the USA and as such it's a bank holiday.

What this means is that the volume in the market will be significantly lower and also can create unexpected volatility.

The markets will have limited trading hours and usually close at 1:00pm EST and then reopen at 6:00EST.

This is even more reason to wait on your setups.

That may very well explain why vantage although seems to be running is missing the Data after Wednesday of last week.

No worries...I am ready to rock and rolls once the correct setup comes.

#aubersystem
#auberstrategy
#whywewait
#patience

no setup = no trade

9 paź 2023

Zlecenie aktywne

As we continue our march towards the TP that I set of 15257.65 now is the time that you start to watch your timeframes very carefully to see the highs that are being made.

Price came close today, however it did not touch my 61% retracement line, let alone the 78% and so I still it still has at least one more push in it before I start looking for any sells.

This would of course be dependent on the weekly registering some sort of low and so I do expect that we may have a bullish dominant week on our hands, however that remains to be seen based on how the moves play out.

For now, I am expecting to see some retracement similar to what I saw last nigh where price came back and tested the 38% leve before continuing the buy today.

All in all, I am still awaiting a setup in order to enter a buy for the continuation to my TP or I will just wait for it to be over and take the sell when it becomes available.

As always patience is the key.

#auberstrategy
#aubersystem
#whywewait
#patience

no setup = no trade

10 paź 2023

Transakcja zamknięta: osiągnięto wyznaczony cel

TP Hit today at 15257.65

stay tuned for another idea.