LegendSince

16:18

LegendSince Updated 

With projected longs in the yields markets, I was anticipating a continue in the reverse correlated pair, bonds in which I wanted to see us run on daily sell stops, stretching for the 116.17, 50% equilibrium. What we got was a sweep of daily buy stops with the possibility of a continuation up to the psychological number 120 which I would be awaiting a rip through...

12:38

LegendSince Updated 

We started with continued upside movement with Friday creating the shift in market structure. My overall bias was bullish and still is on a macro perspective up to 4.40%. Thursday and Friday were the days that we witnessed buy stop raid before a reverse which gives me the idea that we are in the cards for some form of continued retracement, at least up to the...

05:06

LegendSince Updated 

This week was not easy for those looking to short back down to broken resistance; 4.137%. We saw TVC:US10Y 4.196% buy stops liquidated before rejecting from a HTF 6-month bearish order block that has been respected in the past. Based on Thursday's sell stop raid, with the lows being 4.187%, we swiftly retraced before closing 50% of thew daily range @ 4.283. I am...

05:36

LegendSince Updated 

TVC:US10Y and CBOT:ZB1! are strong reverse correlation between each other and with last weeks price action proving to be mainly bearish, I do not believe the pain to the downside has ended... With TVC:US10Y Thursday's daily bearish hammer forming @ the bullish order block created on Monday, we witnessed a bullish shooting star in CBOT:ZB1! , Thursdays candle...

18:22

LegendSince Updated 

Last week, we had a good run on buy stop liquidity @ the 104.550 level with the highs of the week being printed @ 104.976. This was expected as there was a fair value gap on the weekly timeframe around the 105 zone in which TVC:DXY got. As a result, we have our first down close candle for the week for the past 5 weeks in CME_MINI:ES1! and CME_MINI:NQ1! but...

13:14

LegendSince Updated 

CME_MINI:ES1! is stuck between a rock and a hard place! From a macro perspective, we have been on a bullish uptrend since the 27th Oct 2023 with daily HH and HL's being formed. Every now and again, a minor retracement is necessary to accumulate more positions to continue to the upside. This week, we have witnessed sell stops being raided however the overall...

04:39

LegendSince Updated 

Last week, I was on a lookout for a continuation of shorts, running through intraday sellside liquidity @ $17,717 with $17,690.25 being the daily bullish order block. What we have witnessed is perfection in the sense of accumulation, manipulation then distribution and i am expecting further downside for the week until the liquidity void from the 30-31st Jan 2024...

11:45

LegendSince Updated 

Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to CME_MINI:ES1! and CME_MINI:NQ1! , CBOT_MINI:YM1! has been stagnant for the past two weeks. Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body...

08:13

LegendSince Updated 

With a similar expectation with FX:EURUSD , I was looking out for a continued selloff, which we got but failed to take the prior weeks lows out indicating that there was a higher probability that a short term relief rally into the premium arrays is more than likely possible. What we are seeing today is rangebound price action from the 5th Feb 24 with many...

01:29

LegendSince Updated 

Please go over my previous analysis with regards to FX:GBPUSD as I was expecting a continuation of shorts into the week. Although fundamentals is not on my side, I figured that going with high probability signatures such as reversals at order blocks plus reluctancy at fair value gaps will reduce my risk of being stopped out. I have left 50% on the table to run...

09:35

LegendSince Updated 

A further dig into Sellside liquidity is what we saw last week before closing above the weekly fair value gap, completing a 6-week consecutive run. With that being said, I was expecting a further decline last week with the opportunity for the prior weeks low to be swept @ 1.07227 which we witnessed. This current weeks trading, I was expecting a sell-off into the...

01:10

LegendSince Updated 

No matter how good of a trader you may be, it will never hurt taking profits off the table. Pay yourself for the time spent if your given the opportunity! That's me done for the week with FX:GBPUSD But lookout for 1.26052 sellside

20:00

LegendSince Updated 

Last week was very interesting as we have had a prolonged run up to $52,000 throughout last week, going into this week as it would be expected that a pullback is pending in the near future. There is the chance the bulls could attack the all time highs at $69,000 but for now, we have to stay level headed and await a bullish break of $52.985 before proceeding with...

15:54

LegendSince Updated 

Last weeks trading was a stickyyy one still! FX_IDC:XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024. Since then, FX_IDC:XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies...

20:00

LegendSince Updated 

Part two of capitalising on a bullish liquidity run on buy stops. To reiterate over the prior trade that I documented, my SL was hit with me in a extra $158 profit hence the reason I was doubling down this time round, with lower risk of course! The goal was to utilise HTF to engage short with confluences such as order blocks and multi pair divergences and...

07:05

LegendSince

In comparison to CME_MINI:ES1! , CME_MINI:NQ1! was much more uniform with the delivery, especially when the gap formed on Monday going into Tuesday was filled on Friday whilst CME_MINI:ES1! Thursdays candle exceeded the gap. I believe there is more pain to come from liquidating sell stops compared to buy stops as the overall sentiment is bullish with the...

13:29

LegendSince Updated 

Next in line is the T-Bond Futures market with the chances of this asset doing the complete opposite of US10Y 98% of the time. Observing my bias, the biggest risk I face is the ZB1! repricing sharply next week to capitalise on the buy stops above all the short term and intermediate term highs up to 121.10. Moreover, the overall sentiment on bonds is bearish...

10:17

LegendSince

Tuesday was the 8:30am news release that sent shockwaves to short term scalpers as the bottom fell out @ 2011.50. What's surprising is, the amount of 'high-impact' news that was released was less than Thursday 15th but yet, the market was able to move more violently. What this shows is, it docent matter if a day is packed with news, it does not confirm 100% high...