NAS100...Bullish After Bearish Rollcall

As mentioned in my weekly analysis...I bias will remain bullish until the Daily timeframe completes it's high.

I want to stress for those people who have a bearish bias that this is not to say in any way that sells do not exist. What my strategy involves is trading LOW's to HIGH's and HIGH's to LOW's.

So currently with the daily coming from a LL, I am only interested in the buys on the lower timeframes that will register this High on the Daily timeframe.

That being said, I have noticed a structure break on M1 timeframe on Thursday October 26th that has now carried forward to Monday October 30, 2023 on the H1 & H2 timeframes.

This is in consistent with the fact that both the weekly and monthly candles were coming to a close and candles tend to do pullbacks at the end of their cycle and into the beginning of the new candle...so this is normal behavior.

Another reason for my current bullish bias is that since the price will not continue to sell from a LOW point, it has to retrace to create a least a LH on the bigger timeframe before continuing it's downward momentum.

So yes the market based on the monthly is in a downtrend because the Monthly is ultimately trying to find that LOW, in the meantime, the lower timeframes will provide the correct opportunities for buys and sells as they get into position to continue the trend on the larger timeframes.

The key here is to ensure that you are buying from your low's and selling from your highs.

In my case, I am ignoring the current sell opportunities since, the Daily timeframe is coming from a LL and it needs a push to get it to the HIGH or LH and so I am riding that current trend.

As always...I am not a signal service, I just post my views for my particular trades and hopefully it can provide help to someone who could use a little extra info.

So based on my current strategy, I am awaiting a LOW on my H2 timeframe which will translate to a HL on my H4 to take another buy to the "high side"

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

Trade active

Today was more of a continuation of the bullish move that started on Thursday...

It did not get more straight forward than that.

As stated in my analysis journal and video, my entry on Friday was 14149.45 with an expected TP of 14718.91.

I had a modified TP yesterday that was hit at 14396.40 with another requirement for a LOW for entry.

depending on the timeframe you are trading that Low would have showed up on the M30 as a segmented LOW (A high to low that has a LH and HL in between) or a HL on the H1 and that would have enabled you to be in the move today to it's current 78% mark on the H2 sell Fibs.

I have always maintained that volatility happens within market structure and today was a fine example of that...Many people were anticipating a sell on the market and anticipating instead of analyzing and as a result, many people got stopped out, lost their accounts and even having to hedge because of impatience and lack of proper analysis.

Every single day the market makes a high and it makes a low...you just have to trade those points...The key is to trade in the direction of the current trend and you will be fine.

So what is my bias?...
It is still bullish until the day completes it's high.

How will I enter?...
As always from the HL (Low or LL on smaller timeframes like the H1) to the HH's as my Take profit.

Remember to always trade what you see.
Have patience
Do not speculate...Evaluate

#auberstrategy
#aubersystem
#whywewait
#patience

Trade closed: target reached

My ultimate TP target for the weekly high was reached overnight.

What is next?

I cannot be greedy...now is the time for me to wait and analyze again.

This was a trade that yielded a total of 5,600 pips in just 3 days and 4 hours.

Now is the time to let the market reset and provide another entry...those who are going bullish...please don't get hypnotized by the market and get greedy and give away your profits....WAIT!

A closer look will show that the 22 hour vantage candle and the 23 hour Oanda candles are sitting at LH's...

Why is that significant?

1. Both timeframes are coming from LOWs and if they are to complete the trend move, they will have to make LL's from the LH's.

2. The other likely scenario is that we could have a disruption in the current downtrend and instead of getting a LL, we could very well see a HL forming on these bigger timeframes...This would be consistent with the move continuing upwards until the Daily registers it's HIGH.

One thing is for sure though and that is the market has opened up for both buying and selling opportunities, you now just have to analyze for your bias and trade accordingly.

My bias is currently bullish and so I am awaiting the market to signal it's low and then I get in.

Please do not ask me when the market will make a LOW and what to look for...

If I do that, there is no learning involved...practice, practice, practice...you will get it and once you get it you will understand how you got it and then you will have learned a skill that cannot be taken from you.

Please stop throwing your hard earned money at the markets looking for a quick turnaround...you will get lucky and make it, however the market will take it right back and this now becomes gambling.

Utilize your demo accounts and practice risk free, trust me when I tell you, the money will come with ease once you put in the time and effort to properly learn.

I will close with this example of the move just completed...was 5,600 pips.

Based on my strategy of risking 30% of my account, if I started with the smallest amount that my strategy calls for which is $250 that would be a gain of $560 using at .01 lot size...bringing your total account to $810.

That is a 224% gain in one single trade.

These results are based on the fact that my leverage is 1:200 and my broker allows me to use a minimum lot size of .01...also I risk 30% of my account on every trade.

Please exercise patience and take the time to learn...

Every single day there is opportunity for buyers and sellers as the market buys and sells...that is why you have a zig zag pattern...it makes a high and it makes a low.

Stop trying to buy when the market is at a high and selling when the market is at a low...#justwait

Take care guys...

#aubersystem
#auberstrategy
#justwait
#whywewait
#patience

Auberstrategy

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

Also on:

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.

Auberstrategy

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

Also on: