NAS100...Ever the Bullish IntrumentAs trader we gather more experience as we navigate the charts on a daily/weekly basis and the more chart time you put in, you will soon discover that the process becomes clearer with time.
NAS100 is best traded with a bullish bias in mind...this means that you wait for the perfect buy opportunities by taking your HL's on your largest timeframe and buying to your HH's.
If you make a mistake by entering the buy early, you will suffer retracements, however if you do not overleverage you will just have to wait for the storm to pass.
If you find that your account was blown while taking a buy it simply means you:
1. Entered the buy too early
2. You were way overleveraged for the position
3. You took a HL on a smaller irrelevant timeframe while the larger timeframe was still in
retracement mode.
Do not panic, all you have to do is:
1. Re-evaluate your performance
2. Adjust your lot size
3. Study harder.
With that being said, as the NAS100 makes yet another attempt of breaking another ATH, the strategy remains the same by looking for those bigger HL opportunities and riding them to the HH's
As I wait for today's entry and you do the same just remember a bullish instrument always makes HL's to HH's.
Do not try to anticipate a sell or a drop, instead wait and buy to your HH's.
I guarantee, once you learn this concept, it will start to make more sense.
My ultimate TP remains the same with even an adjustment to 26525.5...Please note that I am not saying this will get there this week or next, however being a bullish instrument making HL's to HH's, it is safe to say that ultimately we will get there.
Happy Trading and I will see you next time.
#auberstrategy
#aubersystem
#zigzagtheory
#whywewait
#neverquit
