mendrinvest

mendrinvest

Since the overall perspective is down, I will only consider shorts for the time being because if we break the 1.2650 area to the upside, the up move would be in a corrective fashion and not provide as lucrative of an opportunity.

mendrinvest

Looking to get long this pair if we see some momo breaking us out of this consolidation area to the upside!

mendrinvest

We are at a nice pivot area here at the .618 swing. This is not a high probability set up but a good R/R makes this a nice trade. IF it works in our favor should see a beak below the previous pivot low.

mendrinvest

If we confirm with price action in this area this should be a nice quick buy, however keep in mind the near term trend is down so look to breakeven fairly quickly at the first target area.

mendrinvest

We are in a buy zone, buyers be careful but if we confirm this is a good area to capture some long covering. Watch the 10 EMA as the trade develops to give a clue as to when to exit.

mendrinvest

I've started up a simple blog at (forexhideout.weebly.com) where I will post my ideas and trades every once in a while. Hopefully it'll be of benefit to anyone who's interested. The main purpose for the blog is to help me keep better record of my trades and to serve the purpose of being an online public journal to keep me more accountable in my trading. Anyway,...

mendrinvest

Here was a nice trade that I missed but was to picture perfect to not post on my page for record keeping sake.

mendrinvest

The chart shows a perfect example of retail traders being taken advantage of by banks and institutions. Traditional teaching is to enter short the H&S pattern on the open of the next candle after the breakout candle closes. The banks gladly took the other side of the thousands of traders who shorted the break of the neckline and reaped the benefits.

mendrinvest

I am tempted to buy blindly in this area with a tight stop, however a more conservative approach will be to wait for price confirmation. This is a buyers area and also a .618 confluence.

mendrinvest

Are shorts being faked out? We will see....

mendrinvest

Kiwi is in an important turning point area, if price confirms we should see a nice bounce. Not expecting a takeout of highs but still should be a decent move.

mendrinvest

We are in a buy zone, if we confirm then long trades will trigger and we should be able to reach the first target with relative ease.

mendrinvest

We are in a buy zone, a break above the range will force shorts to cover and go long pushing price our way at least to the .382 level.

mendrinvest

Price entered our sell zone and a trade was taken looking to take profit at the previous swings .618

mendrinvest

Shorted not expecting much, but it was a classic .618 retrace play that I took and it worked out nicely. I had some medium term bearish structure behind me with two previous lower highs, therefore a drop creating a third lower high made sense.

mendrinvest

This pair is in an uptrend....we have a breach of support here, but if price wants to touch back to our entry level, we may see some severe long covering, bringing prices at least up to the previous .618 swing. Lets see how it plays out.

mendrinvest

EURAUD has been getting hammered, however on our shorter term 4 hour picture, we have put in a higher low. If this is indeed the end of the bear trend, then price will touch the .618 area and advance to new highs with little trouble. If this level fails then we will see either chop around for a while or another leg down. If we break our previous higher low to the...

mendrinvest

Shorted this pair due it being in a proprietary reversal area and also at some major resistance, the price broke above and stalled, it is possible that is a fakeout. The real major move I see is if we get a retrace to the .618 area that I show on the chart. Lets see what happens.