LegendSince

01:10

LegendSince Updated 

No matter how good of a trader you may be, it will never hurt taking profits off the table. Pay yourself for the time spent if your given the opportunity! That's me done for the week with FX:GBPUSD But lookout for 1.26052 sellside

20:00

LegendSince Updated 

Last week was very interesting as we have had a prolonged run up to $52,000 throughout last week, going into this week as it would be expected that a pullback is pending in the near future. There is the chance the bulls could attack the all time highs at $69,000 but for now, we have to stay level headed and await a bullish break of $52.985 before proceeding with...

15:54

LegendSince Updated 

Last weeks trading was a stickyyy one still! FX_IDC:XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024. Since then, FX_IDC:XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies...

20:00

LegendSince Updated 

Part two of capitalising on a bullish liquidity run on buy stops. To reiterate over the prior trade that I documented, my SL was hit with me in a extra $158 profit hence the reason I was doubling down this time round, with lower risk of course! The goal was to utilise HTF to engage short with confluences such as order blocks and multi pair divergences and...

07:05

LegendSince

In comparison to CME_MINI:ES1! , CME_MINI:NQ1! was much more uniform with the delivery, especially when the gap formed on Monday going into Tuesday was filled on Friday whilst CME_MINI:ES1! Thursdays candle exceeded the gap. I believe there is more pain to come from liquidating sell stops compared to buy stops as the overall sentiment is bullish with the...

13:29

LegendSince Updated 

Next in line is the T-Bond Futures market with the chances of this asset doing the complete opposite of US10Y 98% of the time. Observing my bias, the biggest risk I face is the ZB1! repricing sharply next week to capitalise on the buy stops above all the short term and intermediate term highs up to 121.10. Moreover, the overall sentiment on bonds is bearish...

10:17

LegendSince

Tuesday was the 8:30am news release that sent shockwaves to short term scalpers as the bottom fell out @ 2011.50. What's surprising is, the amount of 'high-impact' news that was released was less than Thursday 15th but yet, the market was able to move more violently. What this shows is, it docent matter if a day is packed with news, it does not confirm 100% high...

14:03

LegendSince Updated 

Study the weekly timeframe. Notice how we perfectly hammer into the weekly bullish order block formed on 6th Nov 23 whilst sweeping weekly sell stops... I don't think MAX pain has been delivered to the downside as large hedge funds, mutual funds as well as whales would be smart enough to allow their stop loss to breathe and not place it right at the throat of...

16:01

LegendSince Updated 

BITSTAMP:BTCUSD for me is where my trading journey started. I was using BITSTAMP:BTCUSD WITHOUT even knowing what BITSTAMP:BTCUSD is! Dont ask why.... This is when price action was around $900 in 2017 The false narrative and strong manipulation behind bitcoin is something i fell for; believing it's 'digital gold', 'digital store of value' etc... when...

20:00

LegendSince Updated 

OKX:BSVUSDT is the dark horse of the 'crypto' market, with many calling it a scam, fraud and whatever else and this WILL be something I talk about in detail another time. Today, due to it being the 1st ever OKX:BSVUSDT analysis, i will keep this one short, sharp and sweet so we all have targets to focus on this week. Before i go into the intricacies of the...

11:01

LegendSince Updated 

Good ol' $COMEX:SI1!! I believe anything that is Gods money will always have a use case in this world. COMEX:SI1! is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail. What we saw from March 2020 was an absolute capitulation in COMEX:GC1! COMEX:SI1! , with a decline of over 33% within a 30-day period...

12:25

LegendSince Updated 

Unlike all the other asset pairs I analyse on a daily basis, COMEX:GC1! FX_IDC:XAUUSD OANDA:XAGUSD COMEX:SI1! can sometimes so it's own thing in comparison to the uniform correlation that TVC:DXY & FX:EURUSD FX:GBPUSD have and CME_MINI:ES1! CME_MINI:NQ1! $CBOT_MINI:YM1!. For that reason, I hold more weight over the longer term timeframes such as...

09:51

LegendSince Updated 

From a macro point a view, Cable has been bullish from the 23rd October 2023 with the highs sitting @ 1.28273 but zooming out, it is evident that this might be a relief rally into the beginning of Q1 2024 to engineer more sell stop orders below prior swing lows. Observing Jul 13 2023 highs and Oct 3rd 2023 lows, we can clearly see that current prices is at a...

11:26

LegendSince Updated 

Of the three stock indexes; - CME_MINI:ES1! - CME_MINI:NQ1! - CBOT_MINI:YM1! CBOT_MINI:YM1! Looks to be the pair that's frontrunning the sellside narrative as it is the 1st of the three to reverse and reject all-time highs @ 38,992, closing the week as a bearish doji candle whilst CME_MINI:ES1! and CME_MINI:NQ1! close out bullish. Is this a...

13:56

LegendSince Updated 

As CME_MINI:ES1! CME_MINI:NQ1! CBOT_MINI:YM1! tends to have tight correlation, it is logical to make the assumption that if my bias for CME_MINI:ES1! is short term bearish then it is only right to be short on CME_MINI:NQ1! also right? Well, that's correct and we will have a look at CBOT_MINI:YM1! in my next post as an example of times where one goes...

08:33

LegendSince

We saw 6 high impact news released to the market yesterday and it gave me the volatility needed in order for deep liquidity pools to be tested, namely CME_MINI:ES1! daily bullish orderblock located @ 4976 since I was anticipating shorts yesterday to sellside levels. Any day that has more than 3 high impact news releases, expect some form of volatility. If not,...

11:26

LegendSince Updated 

Thursday 28th Dec 2023 was the graceful day DXY formed the higher low of 2023 and ever since, we have been on a decent rally seeing a mind shattering 3900+ ticks from lows to recent long term highs @104.604. Friday 2nd Feb 24 is when we witnessed a run on sell stops and the following Monday confirming the bullish fair value gap in which price respected 3 times...

12:36

LegendSince Updated 

With ATH's being broken, the sky's the limit for CME_MINI:ES1! But with interest rates as high as they are, its only a matter of time before something gives! It's either we see the FED cut FRED:FEDFUNDS and stock index markets ABSOLUTELY ROCKET or.... interest rate spikes up one more time, inflicting MAX pain causing CME_MINI:ES1! CME_MINI:NQ1! ...