daytradingmentor

daytradingmentor

There are lots of equal highs being formed on what also looks to be a very slight bearish trend. There was just recently a very equal high created on the daily which set up the sell for retail traders. I have located a breaker block slightly above the equal highs that were recently created and am expecting price gradualy rise up to the equal highs, rebound off,...

daytradingmentor

Price shot up on friday to a very key area before finally closing the last hourly candle engulfing bearishly. We have been in a down trend for some time now, and fridays move up appears to be setting up the sell very nicely early this week. Once the market opens, I will be looking for an entry setup to short this pair. When this pair shot up late Monday, it...

daytradingmentor

All three fibs are the same size and draw a nice trend line. The X's and lines with arrows represent candles that are forced by smart money... This chart also includes quarter theory lines marked on the far right

daytradingmentor

All Three fibs on this chart are the same size and the draw a clean dotted trend line... X's mark occational reached out of trend area to key price points that typically line up with fib levels...This is a new theory I am testing...

daytradingmentor

Will CADJPY pull back to the .79 or .72 Fib level for a great buy opportunity?

daytradingmentor

Price fell steep from the most recent high before loosing much of its power and slowly pushing down to finally drawing a large wick down to the lowest forced candle from the last higher low and now appears to be forming a double bottom. If the double bottom forms I will be looking for a buy setup on this pair.

daytradingmentor

SM has cleared their books of the forced candle on the most recent low. I am expecting price to double bottom at this area and then turn bullish. If price double bottoms and then moves upward I will be looking for a 68% re-tracement down to enter the buy.

daytradingmentor

We have created a new higher high, breaking the latest lower high strongly. I am expecting a retracement to the 0.618 or .72 FIB level and then price to start a new bullish trend from there. If price retraces to this level I will be looking for a candlestick pattern buy setup on the 15min.

daytradingmentor

Price stayed very confined to the boundaries of the wedge that is forming all week last week hugging the lower trend line most of the time. I am expecting a fake bullish breakout to occur, causing buyers to pile in and price to continue up. Im not confident that price will completely break 110.00 and close above it on the hourly... A more controlled reach into...

daytradingmentor

Price reacted very strong to most recent institutional level visited... I am expecting price to continue to push up along with DXY at the beginning of the week creating a double top with the most recent high. If price creates a higher high then this theory may not play out. If price turns bearish after creating double top, wait for it to pull back on the 15min TF...

daytradingmentor

I am expecting DXY to continue its bullish push up through the nearest level of resistance stopping out everyone on the way up to the next larger level of resistance. The weekly and daily candles closing out extremely bullish last friday supports the idea of DXY opening bullish in the beginning of this week. If this plays out, I expect us to be in the larger...

daytradingmentor

I am expecting DXY to continue to rise at the start of this week. I think it will push through the nearest level of resistance stopping out everyone on the way and will continue its hunt up to the next level of stops before reversing. If this plays out, I think we should be in this area between tuesday evening (2/12) and thursday morning (2/14). This theory is...

daytradingmentor

I am expecting price to react bullish off of the 0.382 fib level the way it has in the past. Price should then go on a stop hunt up into the lighter red area to stop out sellers before falling... With a massive head and shoulders forming on the weekly, I am expecting price to potentially fall below 2.63000 but partials should be taken at this level and SL should...

daytradingmentor

I am expecting price to rise up to either the small level of resistace, or continue higher to the larger level on a stop hunt. Once enough equity is freed up, smart money will sell a large position to push price down to blue rectangle area. This area is defined by the breaker block seen in the 15m chart. Price has not revisited the breaker block for SM to mitigate...

daytradingmentor

The weekly candle closed bearish, however the daily closed very strong bullishly. I am expecting price to continue to rise when the market opens on 2/10 up into the marked level of resistance before reversing possibly on 2/11 or 2/12 and falling to the 1300 price range. Smart money will mitigate out of their previous position here on a double tap of the 1300 price...

daytradingmentor

XAUUSD 1H I personally think Gold will revisit 1300 or come very close tonight. The US dollar is holding pretty strong as of now, and 1300 is a very important price point that I think needs to be reconfirmed before price returns to being bullish.

daytradingmentor

EUR/USD will turn around but when?

daytradingmentor

Price is currently hitting some key points suggesting that it will turn around soon and be bullish. It has made a massive head and shoulders, it is returning to places where smart money needs it to go to mitigate out, and it has retested this trend line three times and then returned bullish. However, if you look at the weekly chart, price has created a lower high...