NAS100...Bullish Last Call?

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

However I will say that I am expecting an early week retracement to setup the current continuation.

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.

snapshot

Trade active

Now that we are 1-1/2 hours into the market open...

It is clear that there is some amount of retracement that is happening and as I said in my weekly analysis...this is exactly what I am expecting to see before going back into the buys...

It is still way too early to make the first move and as I have always said...these early sessions are there so the market can "stretch it's legs" to start creating it's weekly boundaries and break points before getting into the grove of things as the week progresses.

The current situation has the M15 at a HL coming off a segmented low on the M5 timeframe.

Due to these setups not being A++ setups, I will not be taking sells since the daily has not completed the high or buys since my lower hour timeframes are still coming from their respective highs and have not registered lows.

So right now as always...the aim of the game is patience and sticking to the strategy and allowing the market to continue revealing itself.

We will not chase the price, however we will always wait for it to come to us.

There is no cost for patience.

You cannot loose what you did not risk.

A++ setups do not come everyday but when they come, they makeup for the days when you could not enter a trade.

So this week...if you are with me, let's renew our commitment to exercising patience and trading like the expert traders we are aiming to become.

Have a successful week everyone...

Do not rush..be patient
The price always comes back.
If you wait...the market will reward you.

#patience

Trade active

As we navigate London session and look towards the opening to the NYC at 9:30 am EST.

I observe that the NAS100 is staying true to form for the early part of the trading week.

The market opened and has and has yet to form a new high or low in relation to Friday's or the weekly High and LOW points.

These consolidation moves has so far up until the writing of this post have only been able to register LH/HL moves as far as up to the M30 and so I continue to wait for an A++ setup to be able to complete my buy or for me to enter a sell once the buy is completed by the new high on the Daily.

Patience gets strong once you exercise it and as such, I will continue to do just that.

#patience

Note

One thing is for sure...

NAS100 will not be bullied into submission...

You must wait for the A++ setups...

Just relax and let the market reveal itself...Once you see what it has in store...grab the right strategy from your system and then you execute.

Remember...you can't loose what you did not risk...
Take quality trades not quantity...

#aubersystem
#auberstrategy
#patience
#qualityoverquantity
#whywewait

Trade active

Nothing much to report today except that the market played true to form today.

As I mentioned in my analysis video...Monday's and Tuesday's are when the market likes to stretch it's legs and creates the upper and lower limits and then as the week progresses you will see the break in structure to fulfill the major move of the week.

Today was filled with consolidation as the market tried to get into a rhythm to start a bearish retracement.

No trades were taken today and I am still waiting on my LOWs to be able to start buying towards the Daily HIGH.

What am I expecting?
further retracements to setup the buy positions...

As usual we wait and exercise patience...waiting on that A++ setup.

#auberstrategy
#aubersystem
#whywewait
#patience

no setup = no trade
don't speculate...Evaluate

Trade active

For today...

I am still in my holding pattern after last week's exit.

As was mentioned in the weekly analysis video...NAS100 is playing true to form where Monday's and Tuesday's primarily lends itself to a lot of consolidation as the market tries to establish it's boundaries.

Not much movement, however if you were never prepared for it, there will be a lot of frustration if you are trying to enter trades when the market is trading within and not outside of the established limits.

So what do i do to overcome this?

1. proper analysis of the charts for the week

2. Trade my analysis

3. Wait for my A++ setup

No proper setup came for a buy or sell for me and so I wait.

Is the market retracing?
Absolutely, however I am not trading the retracement...I am waiting for it to provide a setup.

How far will the retracement go?
I have no idea...that is why I let the market decide where it wants to go, and when it get's there, I enter.

What if the setup does not come this week?
So be it then, I still wait...It never costs anything to wait.
I still have my money to trade when the setup comes
you cannot loose what you did not risk.

What makes you sure the setup will come?
As long as the market is trading, it will make highs and lows...my job is to wait for the lows for a buy and the highs for a sell.

What are you waiting for now?
Well the market is currently sitting a highs, not the ultimate high on the daily that I am waiting for and so the timeframes that are currently at highs will need to retrace to give me an entry to complete the move.
When this happens, I will complete the daily trend move before looking for sells.

So today...it may be another boring day for me, but better to be bored with your trading balance in tact rather than trying to entertain yourself by making high risk trades and loosing your peace and account.

Be patient and the market will reward you.

If you do not have a setup...do not trade

You do not have the power to create any trades...you only have one job and that is to execute what the market gives you.

Have a blessed trading day guys.

#aubersystem
#auberstrategy
#whywewait
#patience

Trade closed: target reached

Now that the Day has signaled a High on my Vantage chart...my bias will be updated in a new post.

My bias will now be bearish

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: