LegendSince

LegendSince Updated 

Last week’s projection was short throughout the week and boyyy did we get shorts! Monday got the ball rolling with a bearish decline of -1.67% with all further retracements not fulfilling the open of Monday’s trading, insinuating that the bulls are loosing strength. To confirm this bias, we can clearly see on Friday that smart money tried to sweep buystops and...

LegendSince Updated 

My projection for this week was a bit late but nonetheless, bullish projections of lowest displacement fair value gap was the target and yields achieved it, topping out just before CE was met @ 4.696%. Shortly after, yields witnessed a sharp paintbrush retracement mid week and never closed out higher than the highs printed on Wednesday 17th April 2024. On...

LegendSince Updated 

After the selloff occurred on the week of the 8th of April 2024, we have witnessed rangebound price action below the recent weekly sellside liquidity located @ 1.06950 which is my first point of call for longs. If you were to study Cable and Euro, you will notice that Cable sold off whilst Euro held it's ground, creating intraday higher highs and higher lows...

LegendSince Updated 

The weekly internal liquidity has been made with buyside resting at $38637 and sellside printed at $37463 but the overall week has been rangebound. We can clearly see that there has been a fight at the daily liquidity void with candle bodies rejecting that zone. 38344 Fridays high is my first point of interest with 38410* being target 2. Last week Thursday's...

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Similar to ES, NQ witnessed a massive sell off; close to 1000 handles meaning that if you had 1 contract running from last Thursday’s high and closed out at the bullish daily order block @ 1789.75, you would have booked close to $20,000. Many professional traders are trading with 5, 10, 15 contracts and yes, although taking profits is very important, I am sharing...

LegendSince Updated 

Capitulation begun from last Thursday and if you was short throughout the beginning of this week, you would be sure to have booked a healthy piece of that explosive movement. Not one day passed where ES printed bullish on the daily timeframe after last Thursday’s high @ 5257.50. Fridays bearish sell off was met by bullish resistance at the Jan 31 2024 daily...

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...

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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...

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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 

Please refer to my monthly analysis for Cable as this is an extension of my weekly and partial intra-day projection. In regards to the daily timeframe, I expect minor relief rallies with the bearish order block being my last line of defence. In fact, it would be a perfect area to capitalise on shorts with a tight stop. 1.23623 weekly order block next in line. My...

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...