LegendSince

LegendSince

Friday printed the highs @ $53,581 with signs of continuation the upside possible due to it being the election year. Dow is being used a barometer against ES and NQ so I will be evaluating the trio to see which one will be the frontrunner.

LegendSince

As a short term trader, its volatility that I cherish but looking at how the week has printed, we can see that price has been efficiently delivered. $20,680 - $20,206 are the levels i will be keeping an eye out on going into next week but for the time being, I will be sitting on my hands awaiting for more data.

LegendSince

Very efficiently delivered price during this week with little to no inefficiencies to the downside. This suggests a massive price to the downside if ES was to print bearish price action. $5,850 is the weekly lows is in the cards if we see a sharp retracement but due to the overall sentiment being bullish, it would be wise to anticipate longs up to $5,927.25...

03:15

LegendSince

Well done to all the smart money traders who bought below $32! Nearly 5% movement in 3 days!

05:18

LegendSince

With discount prices booked, and GBPUSD yet to follow suite, the best option now is to kick back and await for more price action. 50/50 conditions right now with the weekly discounted order block looming below and the most recent highs in the cards.

05:09

LegendSince

Although i will be sitting on my hands until Tuesday at least, there is a 50/50 draw on both weekly Sellside and buyside which leads me to believe big movements are to follow soon...

04:46

LegendSince

Healthy bullish movement to the upside. Due to uncharted territories, i will be sitting on my hands and updating you guys if major movements occur.

02:29

LegendSince

Awaiting for more data as I will be using NQ as a barometer, just like down jones. Will be making daily updates.

05:47

LegendSince

We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...

05:47

LegendSince

We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...

06:43

LegendSince

103.541 is a point of interest which represents the daily buyside liquidity pool but with higher and higher resistance to the upside, a minor retracement is cooking. It's bank holiday on Monday so I will not be expecting any huge movements during that day. Low volatility da Followed up by 5 red folder days; CPI and claimant count change, 3 gold folders on...

05:22

LegendSince

Usually, bonds and yields work together in harmony where price delivery is clear to see but when we are in times where bonds has delivered to a discount whilst yields is also trading in a discount and has still yet to reach premium levels, it makes me wonder how long this can go on for. Sitting on my hands awaiting more data and will keep you guys updated.

08:42

LegendSince

We have seen a draw up to buyside liquidity but with price still trading inside of a discount, it's only a matter of time premium prices present itself... right?? Eyes on 4.169%

13:34

LegendSince Updated 

Out of all the markets that I analyse, Bitcoin is the MOST volatile with liquidity pools being ran on minute in and minute out! Looking at the weekly timeframe, it is evident that weekly buystops @ $65,000 did not manage to maintain the bullish nature of price action despite the huge psychological impact it is. There is still inefficiencies in the delivery of...

15:50

LegendSince Updated 

Studying the consequent encroachment of the daily fair value gap is where you are able to identify whether there is a stronger likelihood for daily highs to be targeted. 5 consecutive days of bearish price action for cable and you think it wouldn't be healthy for a minor relief rally to occur up to 1.31424? Manipulation before distribution and right now, I feel...

10:41

LegendSince Updated 

Similar to US10Y where we have seen 4 consecutive up close candles, with T-Bonds, we have witnessed 4 days worth of bearish price delivery with he volume imbalance on a higher timeframe (1W) consequent encroachment being met as support for the time being. Not shying away from a manipulative run, targeting 122.25 but would not be phased if we do not even make it...

07:15

LegendSince Updated 

Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount. Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32...

11:30

LegendSince Updated 

Low hanging fruits is something i love! Easy to reach but you got to be the 1st to the party otherwise you run the risk of being cannibalised. Shift in market structure @ 1.10019 is my low hanging fruit for the short term but also very aware of the potential bearish continuation. Love to see the upper part of the daily FVG filled but without the need to close above it.