NAS100...Ever The Bullish Instrument Part 4Last week saw the completion of another trend move on the daily and the setup for a continuation towards the ATH.
Last week's move created some expanding of the upper consolidation zone with the Daily timeframe signaling a new Low (HL) and still maintaining structure on the larger timeframes.
All of this action still took place in region of the 78% level.
As I have always stated, my bias will always be towards the trend moves which are HL's to HH's
During extended consolidation periods, my entries will be on the HL's and in the event that the trend does not cooperate, I can always TP's on the Larger LH's and scale my accounts to the next level.
The important thing I have learnt over the past few years is to not trade for what I am expecting the market to do, but to trade what the market gives and so the HL's to HH's are still my valid moves.
Last week Wednesday, I took a HL that I am still holding, however to counteract this, I continued to take the HL's as they came and took the profits on the respective LH's...This activity will continue until the buy comes back in trend and the trade will continue as a swing trade towards new ATHs.
What am I expecting this week?
1. My entries will continue to be taken from my largest HL's and terminate on my largest
registered Highs
2. The completion of a daily HH or at worse a LH before looking at sustained retracement
moves.
In any event Monday's, Tuesday's and sometimes Wednesday's are retracement and setup days and it is obvious that NAS100 will not be rushed.
So until then I continue to wait for my largest HL's and trade them to my highest highs.
Remember for this week:
1. Continue to practice trading what you see
2. Use demo accounts to help build your confidence
3. Do not be afraid to loose...learning to consistently loose, helps you ability to isolate what
you know does not work and improve for the next time.
4. Journal every single move and constantly evaluate for opportunities
Have a great trading week and more success
#oneauberstrategy
#auberstrategy
#aubersystem
#whywewait
#patience
#zigzagtheory
