Now that we had another trade hit take profit today and a sell that produced a HL on the H4 it's now time to turn our attention to the bulls as the market reached it's low of the Day.
This initial move stared on the H4 3 weeks ago on September 14 with a high and came down to form an oversold LOW last Wednesday September 27 which is a technical LL because it finished lower than a previous LL set back on August 18.
If you look at the Daily chart you will see that this low corresponds with the LL that was also made last Wednesday.
Why is this important? Because every single timeframe below the weekly is in some sort of a LOW and this is the prime setup for a Bullish trend.
The H4 on it's way to a HIGH met resistance on Friday at the 38% mark, sold to the 23% mark and consolidated between Friday's High and LOW before breaking to complete a HL today.
That HL is significant because it is the second leg necessary for a segmented High to be formed and it corresponds with the H1 oversold LOW that was created today. (A technical HL)
This now means that the hour timeframe should be back in trend to continue it's HL/HH on it's way to the H4 segmented high.
My bias is now bullish and after further analysis, my ultimate target is going to be 15257.65.
Please note that I will continue my strategy of buying from the lows and selling from the highs once all timeframes have completed their moves.
for all of you who have been following this move, it was a very profitable day even for the ones (like me) that entered from yesterday.
The key was that we entered when the market was at a low stage and so we just had to wait out the retracement before going back in profit.
What am I expecting...
1. A retracement overnight to set up the continuation move towards the TP Zone. 2. Remember to follow the basic trading rule that says "sell high and buy low" 3. Any trade you are taking must be in the right position before you enter 4. Exercise patience.
#auberstrategy #aubersystem #patience #whywewait
no setup = no trade
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As you can see...
I am still in waiting mode as the retracement is still happening.
check the link to see potential entry price...
I am looking for price to go back to the 61% to 78% level before entering.
Have a great day
#patience #aubersystem #auberstrategy #whywewait
no setup = no trade
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Please note that my current is still bullish based on the fact that the H4 should be making a high at some point before any major sells continue.
When that happens I will continue to evaluate my bias.
This does not mean that sell moves do not exist. As we saw today, there was a nice sell to begin the trading day.
I did not take the sell because it did not meet my criteria for entry and so I continue to wait for my setup.
What I observed on the charts today was that the H1 competed a segmented high which put on another LH on the H4 (a trend move for the H4) however, it failed to complete a LL which means the rejection it got on the 2:00 am candle yesterday (Which was a HL) is still in effect and that it is intent on completing the segmented HIGH.
Remember every time the market makes a Low, it works itself back to make a high and vice versa, when it makes a high, it works itself back to make a low.
So going back to today's move, because I am trading the trend of the bigger timeframe, my bias is bullish based on that fact.
Here are a few things that i looked at today:
1. H1 was on it's way to a HIGH (which was segmented) 2. The H4 needs that high so my entry trade would be a LOW on the H1 (check) 3. The price needed to come back to my 61% or 78% mark for entry (check) 4. Since the H4 registered one type of high (another LH) I needed it to register ' another type of LOW so i can trade with confidence towards the HIGH (that did not happen so i did not take the buy.
As you would have noticed by now, the price bought from 61%, however it met some resistance at the 78% retracement line (drew a fibs from the H1 high to low and tracked the retracement buy today).
This move did not even register a LH and so it is coming back down to to a reset before trying again.
This time when it comes down, it should push a little further and then the H4 should put on it's type of low (a HL or a LL)
In any event, I am not going in until I get my signal and so I will continue to wait.
I will continue to monitor and update as necessary.
#auberstrategy #aubersystem #whywewait #patience
no setup = no trade
A HL at 78% signals a return to the upside (buy) while a break of 14449.90 means a LL at the 100% and another evaluation for a buy entry.
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As I continue to monitor this current move you will notice that the market is showing signs of climbing to complete the H4 high, by the fact that it made a series of lows on the H4 starting with an Oversold Low on Wed 9.27.2023 and then a week after at 10.04.2023 where it made a HL and then yesterday a sharp rejection before trying to buy.
However, it left only an untested wick without a LOW signal and so I am looking for the sell to continue to fullfill the missing signal before resuming it's upward movement to complete the H4 high.
Please note that until the market reveals itself, this is all speculation until it actually plays out, however one has to look at possible scenarios and be prepared to use the right strategy to capitalize on those moves.
I am not currently in any trades as I did not get my preferred setup of a low signal on all current timeframes
Price did come down yesterday to the 68% mark, it did make lows and LL's on the H1 down to M30 and below, however I held back because the H4 did not register a form of LOW.
If and when that happens, I will be more than willing to take the sell.
Should however, the market decides to make a run to the upside, my responsibility is to wait for another setup to take the sell once I get my highs or HH's.
I continue as always to refuse to chase the price, however I will always wait for my ultimate setup.
currently I am watching the current sell and I am looking for a retest of yesterday's low with a slight break to put on a HL/LL on the H4.
Once these scenarios are complete then I have my ultimate buy setup.
As we approach the end of the trading week I have a few things in the forefront of my mind.
1. If the market continues to buy and goes to my ultimate TP Zone of 15257.65 I am still not jumping in as I do not have the right setup.
2. I will be thankful that my analysis was right and do it again the next time.
3. I will be thankful that although I did not make my ultimate target I still made it out of the week with all successful 6 trades trades with over 100% total profit gain and not one loss.
4. I will understand that there is no cost associated with missing out on a move...you still have your profits however small, you don't have a loss, and most of all you can improve on your strengths the next time around.
5. understand that the reason I am not in the buy was that I took an early entry had to deal with a retracement and once in came back I was so glad to be in good profit that I just took it an ran...(Next time I have to improve on my entry)
so with that being said I still wait only for my trading setup and if it does not come the way my strategy dictates, I will not budge.
H4 still tracking for that High (in my estimation)
#patience #auberstrategy #aubersystem #whywewait
no setup = no trade
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Today being Friday...I closed my trade about noon...
This market will continue to make HL's until the LH is fulfilled on the weekly.
However in order to continue the buy...there needs to be some retracement as the buys cannot continue from a high position.
So if you are still trading the buys, be sure to wait for your lows to enter.
For those of you who took sells you may want to consider tweaking your entry so that you enter on highs and sell to lows...
Today's move was a whopping 4,590 pips...
Yes the market will sell, however only after the high's are completed.
I will be posting a fresh new idea after my analysis in time for market open...
Please all do enjoy your weekend and it was a pleasure to trade with you this week.
#aubersystem #auberstrategy #whywewait #patience
no setup = no trade
As we approach the end of the trading week I have a few things in the forefront of my mind.
1. If the market continues to buy and goes to my ultimate TP Zone of 15257.65 I am still not jumping in as I do not have the right setup.
2. I will be thankful that my analysis was right and do it again the next time.
3. I will be thankful that although I did not make my ultimate target I still made it out of the week with all successful 6 trades trades with over 100% total profit gain and not one loss.
4. I will understand that there is no cost associated with missing out on a move...you still have your profits however small, you don't have a loss, and most of all you can improve on your strengths the next time around.
5. understand that the reason I am not in the buy was that I took an early entry had to deal with a retracement and once in came back I was so glad to be in good profit that I just took it an ran...(Next time I have to improve on my entry)
so with that being said I still wait only for my trading setup and if it does not come the way my strategy dictates, I will not budge.
H4 still tracking for that High (in my estimation)
#patience #auberstrategy #aubersystem #whywewait
no setup = no trade
บันทึก
Video review posted for last week to my youtube Chanel
Video with this week's analysis posted to my youtube Chanel
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Happy Sunday everyone...
I have uploaded some insightful videos that shed light on how I am able to successfully trade the #aubersystem #auberstrategy