NAS100...Will It Be a Bear Party To End the Week?

14 בספט׳ 2023

NAS100USD

This week NAS100 did not provide the setups as planned, as it moved towards the H4 HIGH at a pace slower than I anticipated. However, the H4 & H5 finally signaled their HIGHS today.

The H1 completed a direct move from a Low that started exactly at 8:30 yesterday morning and hit it's HIGH at 3:12pm today.

According to my strategy, my signal for entry will be the H1 HH if I am to take a sell and so for that to happen, the H1 will need to do a retracement to make a HL and then break 15534.6 to put on a H1 HH.

Here are two scenarios that I see happening:

1. If the H1 comes down over night and does a segmented LOW (Essentially a technical HL) then it will continue buying until it runs out of steam and creates a H1 HH.

2. A retracement that could go as far as between the 50% & by the 38% mark before buying to break 15534.6 for the HH.

Once the price breaks for the HH...my bias will shift to bearish as I will start looking for sell entries to start the sell trend.

In any event, I am still awaiting my HH signal as the larger hour timeframes are all positioned at their respective types of highs and waiting for the sell to begin.

As usual; no setup = no entry.

#auberstrategy
#whywewait
#patience

15 בספט׳ 2023

עסקה פעילה

NAS100 is intent on still pushing and here has been no sell signal...

15534.6 has been broken, however by a HH on a lower M15 timeframe...

Still no HH on the H1 and so the buy is still active.

Still hold until the signal is given by the markets...

I still continue to hold and be neutral until the move is completed...

no setup = no trade

15 בספט׳ 2023

עסקה פעילה

price seems to be heading back to last week's liquidity zone...that is why I am still holding...

As long as that H1 HH stays off...it is still buying...

No setup = no trade

15 בספט׳ 2023

עסקה פעילה

So what I noticed overnight is that price broke the 15534.6 with a new registered HH on the M15 and a continuation of the current HH on the M30.

As mentioned...this current buy move will be active until the H1 makes it's HH at which point I will start to look for sells.

The H1 came down overnight and is in the process of forming a HL and if that holds the break point for a H1 HH will be when price breaks above the current high at 15539.4

This week has been very insightful as I have learned some more valuable lessons about NAS100 and the best part is, I lost no money in the process of learning.

My patience has been tested, however, I am confident that it will be rewarded when I take the perfect trade.

As always, I will continue to allow the market to reveal itself until it gives the setup I am waiting for and then and only then will I take the trade.

HH/LL = Entry (H1)
No setup = No trade
#auberstrategy
#whywewait

15 בספט׳ 2023

עסקה פעילה

While this is meant only to be my expectation;

Please note that I still only enter when I get my confirmations.

Now if the current conditions hold up the chart highlights what I am expecting to see.

1. completion of the H1 HL
2. price moving from a HL to complete the H1 HH and providing me with an entry setup.
3. Price Selling from the H1 HH point to complete a H1 low.
(a) Price could also complete a direct move low above the final tp point, do a
slight retracement form a LH to complete a LL
(b) Price could do a series or HL's to LH's to Lows, back to LH's before finally
hitting TP with a LL

At this point it is only speculation as I wait for another entry signal.

no setup = no entry

#auberstrategy
#whywewait

15 בספט׳ 2023

עסקה פעילה

While my strategy does not allow me to fear the news and volatility sessions as it only allows me to go in when the setup comes, I still pay attention to how news affects the movement in the charts...

Today I will pay attention to the following:

1. 8:30 NY State Manufacturing index
2.20:00 am Michigan Consumer Sentiment

Those are the two that will have the most impact if any on the market today.

If my setup comes before the news my bias shifts and I am in, however, if i get no notification, I am out of the markets and I just observe the craziness.

no setup = no trade

15 בספט׳ 2023

עסקה פעילה

As I continue to monitor and wait...I noticed that the EMA/MA has crossed for a sell...

The last time it did this was Sep 12 7:00am...why I am watching this closely is that the EMA/MA has be known to cross and I take the trade to early only for it to cross again and complete the H1 HH before descending to my TP and so it is important for me to continue to wait and trust my HH setup.

With reports scheduled to come out at 8:30 and run through 1:00pm it's anybody's guess what the market will do and so I am still waiting on my setup.

Minor reports will run through until 1:00pm today...the key for entry for me is to get that setup.

no setup = no trade

15 בספט׳ 2023

עסקה סגורה: היעד הושג

It was definitely a bear party today...

See you next