NAS100...Daily retracement in progress

2 ต.ค. 2023

NAS100USD

As I stated yesterday, NAS100 likes to start the week by consolidated while gradually expanding its Zones before giving a clear indication of what it will do for the rest of the week.

Today was no exception...The market consolidated between the High and the Low it created on Friday, however it gave 3 solid moves that allowed traders to bag anywhere from 60% to just over 100% on their balances depending on your risk to reward ratio.

As I always stress with my strategy, I do not try to predict where the price will go, instead I wait for the market to reveal its next move and then I take it using my #aubersystem and #auberstrategy.

Both trades I took today...hit TP:

First entry was a sell limit at 14865.45 with a TP of 14789.40 (721 pips)

Second entry was a buy limit at 14750.5 with a TP of 14865.45 (1,143 pips)

Third and 4th entry was manual entry (sell) at 14810.25 and a manual exit at 14754.05 (560 pips)

Total of Approximately 2424 pips...I only need 2500 to double my account.

Although the market did not make the big moves that some people were predicting, it certainly made highs and lows that provided nice opportunities to capture pips.

What I am seeing now is that the H4 is still searching to make the High or finish the current LH...

One thing is true is that the H1 has started to make HL/HH's and once the consolidation is over, I would not be surprised to see the H4 complete it's high...especially because it is only sitting at a 38% retracement.

What am I trading now?

I am currently in a sell based on the fact that the M15 and M30 both finished the NYC session with LH's and with the H1 needing a LOW...those corresponding timeframes will make their Lows and LL's so that the H1 can finish it's LOW....

Remember the market only buys from a low and sells from a high.

Since I came in on the largest timeframe needing a high (the M15), I will just wait for it to make a low before closing this trade and then seeing what the next active timeframe requires.

So during this retracement period, my bias is a sell.

Entry was 14842.90
TP as of now is 14686.50 (that can change if the H1 starts to make a segmented LOW)

#aubersystem
#auberstrategy
#whywewait
#patience
#justwait.

no setup = no trade
do not speculate...analyze

3 ต.ค. 2023

การซื้อขายยังคงดำเนินอยู่

Slow progress but the sell is valid as the H1 moves down to create it's type of low before resuming its duties to help create a H4 high.

Patience is of utmost importance.

remember price cannot sell from low or buy from a high.

#waitforyoursetup
#patience
#aubersystem
#auberstrategy
#whywewait

no setup = no trade

3 ต.ค. 2023

บันทึก

I am looking at at a possible TP of 14723.15

3 ต.ค. 2023

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

TP Hit earlier today