LegendSince

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! ...

11:55

LegendSince Updated 

Throughout the week, rates has been predominantly bearish until a break in market structure occurred on Wed 7th Feb 24, 9:00AM, sweeping 6th Feb 24 - 15:00PM sellside before swiftly repricing higher, targeting the prior highs @ 4.169% and rallying up to where we are today. Studying price action throughout this week, it can be observed that a liquidity void has...

01:59

LegendSince

Markets love a bit of volatility and today is one of those days. Over 6 releases of juicy news that's guaranteed to make a grown man shit their pants! The only question is... which liquidity pool is the stock index markets and risk on pairs looking to gobble up first? My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...

LegendSince

DOLLAR TAKE PROFIT: 103.250 Based on EURO analysis, Dollar has a high chance of declining if we see buyside in EURO @ 1.08715 taken. If you study EURO alongside DOLLAR, you will realise there is a strong inverse correlation so whatever DOLLAR does, EURO does the opposite. Now, this isn't 100% of the time but you can be confident that on the shorter term...

LegendSince

EURO TAKE PROFIT : 1.08912 Smart money is prone to capitalise off the continuous downtrend in the market from yesterday therefore retail are open to losses if they trail their stop above previous highs. They are looking at ripe buyside highs to sweep. How far will it go??

LegendSince

Trading oil is still fairly new to me but after i witnessed the price of Oil plummet to $0 per barrel, i knew that there was massive upside and a SERIOUS issue with the global economy, leading me on my search to learn how Oil futures & fundamentals work. This trade set-up is pretty simple; A to B Theres a fib setup located from the 4th of April to the 11th...

LegendSince

This trade set-up is off the back-end of previous analysis for Gold. STOP: $1960.00 PROFIT TARGET: $2008 ENTRY: ANYWHERE BETWEEN 1965-1970 WILL YIELD GOOD RISK TO REWARD. RISK: 3.72

LegendSince

Looking at price action on the 8th Mar 22, we witnessed the biggest bullish candle closure this year with previous ATH being just past $2075, price was very close to retesting it. The next following day, i would, as well as other gold traders want to expect a continuation of bullish momentum with a candle closure above ATH and even better, above the massive...