US Nas 100Updated NAS100 Intimidation
The end of Tuesday still has me even more patient as I wait for the next move...
With tomorrow's inflation data looming, this will be even more reason to wait for that setup.
I really believed I would see that HH come on today, however all I got was a pullback to the 38% line with a HL.
This just confirmed to me the importance of sticking to your strategy...I still did not take any trades and so I could not loose any money...I will not let NAS100 intimidate my psychology and so I will wait for my setup, no matter how long it takes.
Nothing much to add except I am still waiting for the market to provide a LL or HH so I can execute my next move.
No setup = no trade
With tomorrow's inflation data looming, this will be even more reason to wait for that setup.
I really believed I would see that HH come on today, however all I got was a pullback to the 38% line with a HL.
This just confirmed to me the importance of sticking to your strategy...I still did not take any trades and so I could not loose any money...I will not let NAS100 intimidate my psychology and so I will wait for my setup, no matter how long it takes.
Nothing much to add except I am still waiting for the market to provide a LL or HH so I can execute my next move.
No setup = no trade
Trade active
NAS100 is just revealing it's true colors...in order to trade it successfully, you must exercise the utmost levels of patience. Since the new H1 Fib range opened up last Tuesday with the High at the session close to the low at the start of the USA session on Thursday. The price has been consolidating between those high and low points with no clear break of that range.
That is why I have always maintained my neutrality since then and decided that I will not budge until the market gives me an indication of what it plans to do.
Today will be critical with the heavy inflation data expected to drop at 9:29 EST and so until then if there are' No setups there will be absolutely no trade entries for me.
Based on historical data, the H4 & H5 should finish their highs before the ultimate sell, however we see the market bouncing between the high and low. I will just have to continue to wait for the right moment.
Trade active
As I continue to observe this move, I discovered something...If the H1 is to make a HH which is what makes the most sense from my analysis (not that the market cares) then the H4 and H5 will have to break their last LH's to make their own HiGHS...
And so I adjusted my fibs from the H4 HH to the LOW and it confirmed that point at my 78% retracement level.
More reasons why I should wait for the H1 HH setup...
No confirmations = no trades
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
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