NAS100...Preparing for the Next Big Move

Oct 1, 2023

NAS100

Welcome to the new week of trading 10//01/2023.

As usual I will start by saying my trading style has developed into one of patience and carefully analyzing each move before entry.

That being said:
No setup = No trade.

When the market closed last week, I noticed that the H4 timeframe began to make its way towards a HIGH, however it was met with some resistance on Friday which allowed me to adjust my strategy from a buy to a sell to capitalize on the sell move after taking profits on my previous buy to close out the weekly trading session.

There is no doubt in my mind that the H4 is trying to make the HIGH, however the high can come in many different ways and I have to be mindful of that and be ready to adapt to what the market gives in terms of clues.

I closed Friday's sell manually (only because it was very close to my TP and I had already surpassed my target.) My TP was 14662.80 and the price hit a LOW of 14670.8 (Oanda) and 14663.25 (vantage).

On Friday also the H1 completed a full trend move 3:52pm that started with a LL on Wednesday 1:42pm. From there it sold to a HL (another confirmation Leg in the H1 Continuation).

In order for their to be a continuous trend on the H1, it will have to keep making HL/HH and so if the trend will continue, the next move will have to be a HH.

However, seeing that it is a new week, I have to be mindful of the retracement moves and also the consolidation moves that will take place at the beginning of the week. Also, couple that with the fact that the monthly candle has finished and a retest would not be out of the question, which could drive the price down even further before continuing on it's upward trek to the H4 HIGH.

What does all of this mean to me? Well for now the market is clearly bouncing around between the HIGH & the LOW of Friday. (All the more reason for me to be patient). I need to see what Highs are being given on my M30 and H1 before determining my next entry.

Please note, that I am not trying to predict what the market will do next, instead, I patiently wait for the market to show me what it is going to do next...It never lies.

You do not need to take moves everyday, just the right moves per week.

Last week, I got six quality trades and that translated to:

6 wins
0 losses
over 350% in profit

being patient is the key...there is no substitute for that.

Without patience you will not learn the concepts
Without patience you will always rush your moves

I only trade the AUBER System (A system that I have been developing over a period of 3 years)

I am not a signal service nor do I sell courses, I just share my ideas on here when I have the time.

You must follow your trading plan, manage your risk and trade what you see.

See you all in the upcoming days

#auberstrategy
#whywewait
#finishthemove

no setup = no trade

Oct 1, 2023

Trade active

Welcome to the new week....

Now is not the time to be rushing entries...I am allowing the market to reveal itself to me.

You will notice that although there was a big push at the market open...the price is still within the High and low of Friday...so it is still consolidating within this range...so now its just to wait for that ultimate setup...

I am not rushing the process and I will always trust my #aubersystem

Your patience will be rewarded

#aubersystem
#auberstrategy
#whywewait
#patience

I am no trying to predict the next move, however, I am patiently waiting for the market to tell me what it is doing.

Remember: no setup = no trade

Oct 2, 2023

Note

As I mentioned at the start of the trading week approximately 2 hours ago.

There is no need to feel compelled to take any trades right now...

I will continue to exercise patience and allow the market to establish it's zones before taking my first trade.

The market is still trapped in Friday's zone and until you get that break towards the upside or downside will you have a clearer indication of the market's intent.

Stop trying to predict what the market will do and wait for it to tell you what it will do with it's signals.

#patiencealwayswins

Oct 2, 2023

Trade active

Sell limit 14904.25