NAS100...Thanksgiving PIPfest Awaits
Last week we saw NAS100 playing true to form and although it provided a bit of challenge for a lot of traders towards the end of the week...the Bears ended happy and took their profits to the bank.
They key thing to note is that when the NAS100 is running on all cylinders, the beginning of the week tends to favors retracement moves and setups for the bigger moves that tends to start end of Tuesday into Wednesday and ends on Friday...However is that the only strategy that you use, you may want to do some more research on that.
Nevertheless, what are we looking at for this week?
1. For starters all timeframes below the weekly have registered Lows, LL's or extended their existing low positions.
2. This confirms the fact that the monthly candle is on it's way to create it's ultimate low point and while that will and could be many months out, one has to keep that in the back of the mind as a guide to how you interpret the moves on the smaller timeframes.
3. The monthly candle is set to expire in another two days and you will note that as candles come to the end most times they tend to leave a wick and do a retracement on the new candle before forming the body. If this holds true, then what we saw on Thursday afternoon into Friday's close indicates that this could be played out in full over the next few days as price broke structure on the M1 timeframe and has been slowly playing out on the bigger timeframes by starting to all register HL's all the way up to the H2's close on Friday.
My bias once again is Bullish, however this time I am paying close attention to the largest timeframe that will register a NEW HIGH so that I will know when to Exit and also provide guidance as to where the next HL will fall to provide another entry for a continuation of the current retracement needed to form another LH before the sell resumes.
As always, patience is the key and sticking to a consistent strategy.
The concept has always been to buy from the low and sell from the high and that has not changed.
My bias is currently bullish until I get my required HIGH and LH combination, however I will wait out the current sell unless all the new Highs are created all the way to the Daily timeframe.
My current strategy continues to be Bullish exiting on LH's...then waiting out the sells and then entering again when the LOW's are created again once the LH produces the new High then that will be time for me to take the ultimate sell move.
Have a great week.
#patience
#auberstrategy
#aubersystem
#whywewait
They key thing to note is that when the NAS100 is running on all cylinders, the beginning of the week tends to favors retracement moves and setups for the bigger moves that tends to start end of Tuesday into Wednesday and ends on Friday...However is that the only strategy that you use, you may want to do some more research on that.
Nevertheless, what are we looking at for this week?
1. For starters all timeframes below the weekly have registered Lows, LL's or extended their existing low positions.
2. This confirms the fact that the monthly candle is on it's way to create it's ultimate low point and while that will and could be many months out, one has to keep that in the back of the mind as a guide to how you interpret the moves on the smaller timeframes.
3. The monthly candle is set to expire in another two days and you will note that as candles come to the end most times they tend to leave a wick and do a retracement on the new candle before forming the body. If this holds true, then what we saw on Thursday afternoon into Friday's close indicates that this could be played out in full over the next few days as price broke structure on the M1 timeframe and has been slowly playing out on the bigger timeframes by starting to all register HL's all the way up to the H2's close on Friday.
My bias once again is Bullish, however this time I am paying close attention to the largest timeframe that will register a NEW HIGH so that I will know when to Exit and also provide guidance as to where the next HL will fall to provide another entry for a continuation of the current retracement needed to form another LH before the sell resumes.
As always, patience is the key and sticking to a consistent strategy.
The concept has always been to buy from the low and sell from the high and that has not changed.
My bias is currently bullish until I get my required HIGH and LH combination, however I will wait out the current sell unless all the new Highs are created all the way to the Daily timeframe.
My current strategy continues to be Bullish exiting on LH's...then waiting out the sells and then entering again when the LOW's are created again once the LH produces the new High then that will be time for me to take the ultimate sell move.
Have a great week.
#patience
#auberstrategy
#aubersystem
#whywewait
Trade active
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
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.