US Nas 100Updated NAS100 Final Setup for the LL
As I have been monitoring the moves of NAS100, it has become clearer of the pattern that exists in the market and hence my decision to trade the market extremes.
Since yesterday it has been clear that the bulls were determined to get back in the market at some point to create the LH that was desperately in order to complete the LL on the H1 signaling the end of the sell for this week.
So with that in mind, I was intent on seeing if what I was seeing would play out and what adjustments I would need to make.
Since 9:32am yesterday, NAS100 has been buying and while it took 15hours before the LH signal came on at 1:00am EST, it showed that the market is intent to create some sort of LH to be able to finish the LL and hence my decision to just allow the market to reveal it's intent to me.
The fact that the LH came on does not mean that it is an indication to take the sell, the price is currently at the 38% retracement mark and history tells us that NAS100 likes to venture to the 61.8% or 78.6% retracement levels before continuing back to the -27% or -61.8% levels so this is where patience comes into play.
Having the right strategy and not deviating from it has helped me to properly wait for the right trades and right moment and confirmation before entering.
So as I wait for this final chapter in this week's NAS100 story, I still remain neutral as I patiently await the LL for the start of the buy move.
Please note that sell opportunities are still open from the LH's however my strategy does not allow me to take 1/4 or 1/2 moves from the LH's or HL's as those can continue to push in either direction and so trading absolutes has become my strategy.
Happy Friday everyone!
Since yesterday it has been clear that the bulls were determined to get back in the market at some point to create the LH that was desperately in order to complete the LL on the H1 signaling the end of the sell for this week.
So with that in mind, I was intent on seeing if what I was seeing would play out and what adjustments I would need to make.
Since 9:32am yesterday, NAS100 has been buying and while it took 15hours before the LH signal came on at 1:00am EST, it showed that the market is intent to create some sort of LH to be able to finish the LL and hence my decision to just allow the market to reveal it's intent to me.
The fact that the LH came on does not mean that it is an indication to take the sell, the price is currently at the 38% retracement mark and history tells us that NAS100 likes to venture to the 61.8% or 78.6% retracement levels before continuing back to the -27% or -61.8% levels so this is where patience comes into play.
Having the right strategy and not deviating from it has helped me to properly wait for the right trades and right moment and confirmation before entering.
So as I wait for this final chapter in this week's NAS100 story, I still remain neutral as I patiently await the LL for the start of the buy move.
Please note that sell opportunities are still open from the LH's however my strategy does not allow me to take 1/4 or 1/2 moves from the LH's or HL's as those can continue to push in either direction and so trading absolutes has become my strategy.
Happy Friday everyone!
Trade active
As we can currently see there has been a rejection just at the 38% mark on the FIBS and so, it would seem to me that the market is intent on finishing what it started by completing the LL on the H1 (and at the same time the H2)...Confirming my decision to wait for the ultimate confirmation.
#auberstrategy
#whywewait
#nas100
#finishthefibs
Trade active
The move is still active because once I am out, I must get a HH confirmation for a sell or a LL confirmation for a buy.Other than that...I am staying out!
Trade active
The reason I do not enter on LH's or HL's is because I consider those 1/2 or 1/4 moves that have the potential to continue or reverse and so to be absolutely sure, I wait for my setup.#still waiting...
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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