NAS100...Gearing up for the Trend Move
Today we saw the formation of a HL on the H4.
The market is overall bullish which means that it buys from HL's to HH's.
The smaller timeframes below the M15 have all broken and confirmed the LL to Highs and HL to HH's as a complete trend move.
Right now what I am looking to see is a retest of the M30 timeframe to form some sort of HL to confirm the bullish move until the H4 complete a HH.
Based on these developments, my bias is once again bullish and I will be taking my lows to my highs and my HL's to my HH's
As usual trade what you see
Analyze properly
#auberstrategy
#aubersystem
#zigzagtheory
#patience
#whywewait
The market is overall bullish which means that it buys from HL's to HH's.
The smaller timeframes below the M15 have all broken and confirmed the LL to Highs and HL to HH's as a complete trend move.
Right now what I am looking to see is a retest of the M30 timeframe to form some sort of HL to confirm the bullish move until the H4 complete a HH.
Based on these developments, my bias is once again bullish and I will be taking my lows to my highs and my HL's to my HH's
As usual trade what you see
Analyze properly
#auberstrategy
#aubersystem
#zigzagtheory
#patience
#whywewait
Trade active:
The biggest timeframe that needed a HL to complete a HH was the H11.
That HL was filled at 4:00 - 5:00am this morning.
This is now the trend buy.
#auberstrategy
#aubersystem
#patience
#whywewait
#zigzagtheory
That HL was filled at 4:00 - 5:00am this morning.
This is now the trend buy.
#auberstrategy
#aubersystem
#patience
#whywewait
#zigzagtheory
Trade active:
Today we saw the market doing it's first major move towards the trend of the week.
This is in keeping with what was discussed on this week's analysis video where I explained that the market usually takes Monday's, Tuesday's and sometimes Wednesday's to find it's range before starting to show signs of a significant move towards the trend.
Market started buying from the 31% retracement line today and did not stop.
This area has not been retested and so it may be fair game for a retest soon, however, I am not trading the sell unless the market makes another all time high.
At market close, the price fell short of the ATH and the H23 candle has not had a retest. This could be a factor to consider as we enter the new trading day and so I took my profits at the close of the session so I can scale up and wait for another entry to close out the week.
Remember before you take sells, make sure the market is ready for the move by having all the timeframes in place.
Stop "i-thinking" and so proper analysis.
Remember it is the quality that matters and not the quantity.
As usual:
1. Trade what you see
2. Be patient
3. Do your own analysis
#auberstrategy
#aubersystem
#zigzagtheory
#whywewait
#patience
This is in keeping with what was discussed on this week's analysis video where I explained that the market usually takes Monday's, Tuesday's and sometimes Wednesday's to find it's range before starting to show signs of a significant move towards the trend.
Market started buying from the 31% retracement line today and did not stop.
This area has not been retested and so it may be fair game for a retest soon, however, I am not trading the sell unless the market makes another all time high.
At market close, the price fell short of the ATH and the H23 candle has not had a retest. This could be a factor to consider as we enter the new trading day and so I took my profits at the close of the session so I can scale up and wait for another entry to close out the week.
Remember before you take sells, make sure the market is ready for the move by having all the timeframes in place.
Stop "i-thinking" and so proper analysis.
Remember it is the quality that matters and not the quantity.
As usual:
1. Trade what you see
2. Be patient
3. Do your own analysis
#auberstrategy
#aubersystem
#zigzagtheory
#whywewait
#patience
Trade closed manually:
The retracement is not over as yet and so I took my profit manually and will update with a new idea shortly.
Be the exception...not the rule.
TP is 18574 based on the -61.8% retracement level
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory'
#patience