NAS100...Thanksgiving PIPfest Awaits
Today saw NAS100 moving as how it was analyzed to move...continuing on the upward trend that started last Thursday 10/26 as it seeks to complete the needed HIGHS before again turning Bearish.
Although my ultimate TP for this upswing was 14718.91, I modified it to the session high of 14396.40 or the completed M30 high on the vantage chart.
The price came close before market close before during a pullback in order to gain more momentum to take out today's high.
As soon as TP of 14396.40 is hit...it's back to waiting for another setup to buy again to complete the needed highs...
As always, please exercise patience and practice trading what you see.
#patience
#auberstrategy
#aubersystem
#whywewait
Although my ultimate TP for this upswing was 14718.91, I modified it to the session high of 14396.40 or the completed M30 high on the vantage chart.
The price came close before market close before during a pullback in order to gain more momentum to take out today's high.
As soon as TP of 14396.40 is hit...it's back to waiting for another setup to buy again to complete the needed highs...
As always, please exercise patience and practice trading what you see.
#patience
#auberstrategy
#aubersystem
#whywewait
Trade closed: target reached
Today I got to my modified take profit of 14396.40 after much struggle and consolidation.This trade was started on Friday before market close, however it did not go back in the negative once the move started.
I modified the TP because yesterday I had noticed that there was some amount of exhaustion at 9:30 am after the market opened and so I set my TP right at the top wick of the 9:30 candle.
The reasoning for this is that the price will always come back and retest a created wick and so it was only a matter of time before this happened, considering that the market is coming off LL's created on the larger timeframes and it is currently in retest mode.
Now that the TP has been hit, the question may be asked, why not take the sell?
The answer for me is simple, I am trading the current trend of LOW's to Highs and until this is fulfilled, I will only take buy setups...
Please note that I am not saying sells do not exist, however my preference right now is for buys.
The next move for me is to wait for another buy setup a low on my biggest time frame that needs a low...The H2 before going in for another buy.
Tomorrow is FOMC day and so it is going to be critical tat all timeframes are in the correct decision so that when volatility is created it will operate within the established market structure...
Premature entries will get stopped out as the market searches for it's upper and lower limits.
As always...use patience and do not be afraid to try new concepts...that what your demo account is for.
#auberstrategy
#aubersystem
#whywewait
#patience
no setup = no trade
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.