LegendSince

LegendSince Updated 

We kept it short and sweet last week and my short term projections delivered just before reversing to current price now @ 40,140. YM trading back into the median of the weekly range is still considered as a healthy retracement in a overll bull market. It's also in-line with ES short term shorts. My philosophy is simple... Fortify Michael J Huddlestone's...

LegendSince Updated 

Unlike ES, I will be analysing the daily timeframe as NQ and YM are used to create my intermarket relationships between the indexes to trade ES only. SMT Divergence is a good strategy to use if only analysing ES, YM and NQ alongside DXY. Throughout the week has been slow and choppy with liquidity void being filled but we are still in a premium. A minor...

LegendSince Updated 

Thursday 28th, 15:45pm candle started the shift in market structure to the downside on a short-term basis and with buyside being tested, the hourly sellside is prone to be attacked next @ 5301.50 - 5301 Taking ES one step at a time as there is a chance for the daily buyside located at 5323 to be swept so I will be updating this post throughout the week. My...

LegendSince Updated 

Similar to bonds, Monday was the day that printed a bullish order block whilst the following days leading into the close for this week @ 104.672. We have been bullish from the 8th March 2024 with the psychological number 105 being in the cards. I will not be fading the possibility of a minor retracement to the daily fair value gap located at...

LegendSince Updated 

After Monday's sell-off, bonds continued to trickle higher, running through the weekly highs @ 120.06 closing for the week @120.14. Last week, I set out two bullish projections; 120.08 being T1 and 121.01 (now updated to 121.02) for T2. This weeks first target is 121.02 with a possibility for a continued bullish run up to the daily liquidity void starting from...

LegendSince Updated 

11 days and counting. 2195.15 daily buy stops was obliviated! What's next for Gold? I will be cherry picking the low hanging fruit and aim for 2154 as it has been a respected bullish imbalance for over 1 trading week. Saying 2146 is not on the cards would be an understatement. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have...

LegendSince Updated 

Market structure is what I would want to see when making the decision to execute throughout the week. I must admit, in comparison to GBPUSD, it's not pristine but still, money is there to be made! Wednesday is when Euro manipulated the bears by running on mid-week buystops + Fridays buyside liquidity pool before capitulating throughout the remainder of the week,...

LegendSince Updated 

Refer back to my weekly projection for cable attached down below as you will understand why my bias for the medium term is bearish. Going into this week, I see the opportunity for the accumulation of longs by smart money at the bearish imbalance @ 1.26843 - 1.26750 an option before repricing below the daily Sellside liquidity. I do not want to see the daily...

LegendSince Updated 

Similar to ES1!, I am expecting next week to be forgiving as we have seen a huge bullish run to 40316 without a retracement to the weekly EQ @ 39703 which I do believe is a strong possibility. Any major movements, I will update this analysis. 39767 is t1 39703 is t2 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...

LegendSince Updated 

If we are to compare ES1! with NQ1!, you will be quick to realise that NQ1! swept buystops, creating the highs at 18709 before swiftly trickling lower, printing lower lows and lower highs whilst ES1! has already closed above previous all-time highs before retracing. 18500 with 18492 being the first target with a stretch for 18382.75 throughout the week My...

LegendSince Updated 

Dollar index correlation with ES does not hold the same weight as euro and cable but occasionally, when Dollar rallies, ES struggles to trend upwards. 5285 highest FVG displacement is me going for a lowest hanging fruit with 5287.25 being my overall target for the week. 5311.75 intermediate term highs is where I will draw the boundaries with my short bias. I...

LegendSince Updated 

Last weeks fundamentals created fireworks in the market, with all the banks in the world except for Japan's has maintained their rates; 5.25% for UK and 5.50% for US whilst price action for the dollar as rallied. I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met. That...

LegendSince Updated 

With bonds 90%* of the time doing the opposite to yields, its safe to say the bond market has a higher possibility of continuing the rally up to weekly swing high/low equilibrium @ 120.08 with a stretch target of 121.02. Playing safe this week and only aiming for low hanging fruits as the overall price action for the tickers I analyse does not give me all the...

LegendSince Updated 

Playing safe this week as last weeks projection was stretched to 4.401% but top formed @ 4.348%. Immediate Swing high and low in relation to current price means we are currently in a discount market with last weeks updated projection of 4.19% still up for grabs and macro EQ @ 4.137% also up for debate if the sell programme continues. My philosophy is...

LegendSince

Weekly price action for cable is beautiful! 2 weeks prior, cable witnessed a bullish run on liquidity, failing to close and maintain bullish sentiment above 1.28273 causing capitulation from the highs of 1.28938 to current weekly lows @ 1.25751. The 4th March 24 weekly candle could be considered as a bearish order block and scoping for shorts at the 1.26480 down...

03:35

LegendSince

My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned...

05:51

LegendSince

My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned...

07:09

LegendSince

My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned...