LegendSince

LegendSince Updated 

Based on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on...

LegendSince

What we have seen in the past two weeks with price action is a slow and steady increase with more wicks attacking Buyside than Sellside throughout the week. Friday 12th April 24 was a pivoting point where all time highs was created @ 2431.78 and never reached back up there again before selling off into the bullish daily order block between 2300 - 2305. Last week...

LegendSince

Awaiting for manipulation at the beginning of the week, ideally Monday before high impact news is released which worked out to absolute perfection. 8am US session was when the lows was created for this week @ 1.23100 before witnessing the buy programme book price to the highs of 1.23616 throughout the US AM session leading into the US 2pm session. Going into...

LegendSince Updated 

From 2023 going into 2024, market conditions has been rangebound, with daily sell stops and buy stops being attacked but if we have a look at the PD arrays, discount prices are looking more probable, just like cable, targeting the yearly equilibrium @ 1.04059 and 1.01963 - 1.00572 bullish monthly order block if the downtrend continues but I will take things one...

LegendSince Updated 

Looking at GBPUSD on a larger timeframe, cable has been bearish for the past 4 consecutive months with no signs of slowing down. price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount. Over the course of 1 1/2 years, the...

LegendSince Updated 

Due to a delayed upload, my bias is neutral for the duration of the week. Initially, i was looking out for the weekly order block to be attacked, which occured before continuing it's downwards projection to the weekly sellside liquidity @ 37,675. In my last YMM post, i stated that YM could front run the index markets and thats exactly what we saw. But this does...

LegendSince Updated 

With minor accumulation, huge manipulation up to 18,350.75 during Mondays trading NQ closed out, distributing below the weekly sellside @ 18,004.50, trading into the daily bullish order block plus liquidity void which seems to be respected today @ 17,837.25 - 17,802.25. Today is supposed to be a volatile day with 9 red folder events and 7 gold folder events which...

LegendSince Updated 

Yesterday I posted analysis for ES but unfortunately, it was for the previous contract month meaning that all analysis made is negated. Assuming this was posted on the Sunday, i was looking out for sellside to be swept, which eventually happened but it's pointless me saying that is what i was on a lookout for when the move has already played out. Overall, i am...

LegendSince Updated 

Throughout the last few weeks, ES has gently tricked to the upside but this week is looking a bit different. Throughout the weeks, from the beginning of 2024, there has not been a bearish market shift in structure before repricing to the upside yet but with Wednesday, Thursday and Friday being down close days, sellstops could be i danger of being liquidated as...

LegendSince Updated 

The run upto weekly buyside @ 106.006 has been booked, as anticipated from last week. With my overall target of 106.006 met, i am expecting a minor retracement before a continuation up into the 14th Nov 22 lower displacement fair value gap. This could take a few weeks to pan out. but i will be keeping this analysis updated throughout the week. My philosophy is...

LegendSince Updated 

Notice when bonds decline, yields appreciate? Thats due to the inverse correlation in price action. 115.10 weekly OB was respected this week but price action failed to close below indicating some form of retracement in the cards next week. 112.27 is another weekly OB that i have in mind that the algorithm could reprice down to with bullish yields on upto the...

LegendSince Updated 

Last weeks bullish projection played out as expected with the monthly OB and liquidity void being met by the end of this weeks trading. Trend is your friend and although it's not guaranteed we will continue to trend upwards, there's a higher probability that US10Y does rather than not on a weekly timeframe. This does not mean this weeks price action will reprice...

LegendSince

Seems like its order block week as the majority of the pairs I have analysed are either inside an order block or not too far away from. Same goes for Euro. after 3 strong bullish days, we see how volatility from the bulls was cut short once 1.08400 was met, which was anticipated. We are currently stuck between a rock and a hard place and I am awaiting more...

LegendSince

For over 10 days, Cable has been trading within a choppy range and although money can be made, I feel like more money can be lost in conditions like this as I see this as another 50/50 opportunity for either 1.26800 buyside to get purged or the daily bullish order block to negate down at 1.25378. Any major moves within cable, I will update my analysis. My...

LegendSince

$40,358 all-time highs was printed at the beginning of the week but a drastic sell-off led YM to sweep below the Feb 14th bullish fair value gap @ $38,909 before a late friday retracement. Inverted fair value gap between the 18-20th Mar 24 has been attacked and respected on the Friday so I will be keeping a close eye on YM to see whether it could be the first...

LegendSince

Similar market structure to ES, with the daily price action closing inside of the daily order block in a discount. I will be awaiting for a clean rejection from this area before I can consider sellside liquidity being up for grabs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is...

LegendSince

Money can still be mad eon the intraday timeframes but I would need additional information before formulating my bias. There is a 50/50 chance that buyside or sellside could be taken as ES has been trading around the equilibrium of the daily range from march to current date. If ES respects the daily bearish order block, sellside would be in the cards but as the...

LegendSince

Last weeks projection was flawless, 105 sweeping before a minor retracement down to the intraday equilibrium. As of this weeks trading, anything is possible. With the most lucrative days being Wednesday and Friday in terms of red folders on the economic calendar, those will be the days I will actively be reviewing this analysis. My philosophy is...