NAS100...Bullish Party By Invitation Only

No that my weekly TP was hit and broken...what is next?

Well as you all hear me say...I am not selling until the Daily completes it's HIGH.

So in order for me a get back in for a buy, I must wait for the correct LOW and that is exactly what I have been doing all day.

I really hope the bears will take over for the next few sessions to create the HL's needed to enter another sell and if they don't then I just stay out and wait for the HIGH to be completed on the daily and then it will be sell time.

No rush however as lot's of volatility will be introduced into the market NFP day tomorrow. 11/3/2023.

Here are the possible scenarios:

1. Day makes a HL (Buy opportunity) then breaks back for a segmented high (Sell opportunity)

2. Day continues all the way to break for a direct high (sell opportunity) and this will be the sell to complete the weekly LOW.

In any even, I have my set of conditions that need to be met for a buy and sell and if those are not met, I will continue to wait for the right setup.

My bias right now is still bullish, however I do not have a setup to enter as yet.

#patience
#aubersystem
#auberstrategy
#whywewait
#patience

no setup = no trade

Trade active

I just want to clarify for those of you who just like to copy the ideas of others and use them as your own...

Please do your own analysis...

The fact that I say I am bullish, does not mean that I jump into a trade right away, nor does it mean that I am in an active trade.

It means that I am waiting on the right setup for another entry.

So if you entered a buy without proper analysis when the market is currently sitting at a high on some of the lower timeframes and you are experiencing retracements, then it means that you had not business being in a trade at this point.

The last thing I want to say is that I use indicators not as a predictor...Indicators are meant to confirm my analysis of the market...So the High Low indicator that I use, please note that it took years to finally understand how it related to each and every timeframe for me to be able to use it with confidence...If you are only waiting for it to give you a buy signal and a sell signal, you will loose at some point so please take the time to learn and analyze.

I say all of this to say, that my bias is still bullish, however I have not gotten the lows that I need in order to enter for another buy and so I am waiting.

Today is NFP day along with a host of other reports and a Fed speech closer to the end of the market day and so it is going to be of utmost importance for me to wait on the correct setup and not speculate as to what I think the market will do.

Remember the market will always do what it wants to do and my job is just to interpret the clues that it provides and utilize the right strategy from my system of strategies to capitalize on pips.

So today instead of speculating...my alerts are set at my analyzed levels and now I am waiting to execute when the market comes to my levels then I will trade responsibly.

Continue to exercise patience...there is no cost to patience

you cannot loose what you did not risk irresponsibly

taking 5 trades at 100 pips each by jumping in an out of the market is pointless to me if I can take one trade with the trend and gain 6,000 pips...#thatiswhyiwait

#aubersystem
#auberstrategy
#patience
#whywewait

no setup = no trade

Trade active

This trade idea continues and my bias still continues to be Bullish...

My reason for this continuation is that my daily target of the required HIGH has not been met and this needs to be accomplished before the market is fully committed to a sell.

What does this mean for my trades

As you know, I took my profit last week and I have been waiting on another opportunity to get back in...If my setup does not exist, I will remain out of the markets and continue the patience process.

The market cannot continue buying from HIGHS/HH's and so I must wait for a retracement on my lower timeframes in order for the required opportunity to continue the buying process and so I wait for my LOWS.

Please note that at no point in time will I be taking any sells in anticipation of the Buy setup...during this period...I only wait.'

This does not mean, that no sell setups do no exist, you are more than welcome to trade what you see...It only means for me that I am adhering to my rules and waiting on my setup.

So as the market opens at 6:00pm EST, there will not be any setups for me right away and I will have at least a day or two off as my real setups should start to materialize around the end of Monday into Tuesday.

Until then:

1. Study
2. Analyze
3. Be patient
4. Be patient
5. Be patient
6. Be patient

Do not rush the moves

No setup = No trade

#aubersystem
#auberstrategy
#whywewait
#patience

Be sure to check my profile for the video version of this commentary.

Auberstrategy

Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx

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Auberstrategy

Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx

Also on: