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Candlestick Analysis

GBPUSD - Paper Shorts, $350+ Bagged in Under 15 MinsPlease 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 on daily lows but is my SL is hit, at least I was paid for my trade by taking partials as soon as we traded into a discount. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Short
by LegendSince
EURO - Weekly First Mover ?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 depths of the FX:EURUSD abyss but instead, from Monday going into Wednesday, we have seen a bullish price action, with Tuesdays daily candle closing in a premium whilst FX:GBPUSD is still in a discount. Whilst analysing FX:EURUSD I understood that some of the risks I was taking with my bearish bias is the fact that we have been bearish for an extended period of time + FX:EURUSD hammered into the weekly FVG without closing underneath it + new intra-day lows was created. So I am keeping my eyes peeled @ the 1.08310 upper daily displacement FVG as if I see a daily candle body closure above that region, the probability for 1.07617 Sellside to be taken this week would be slim. Will FX:EURUSD faulter and drop back into a discount whilst FX:GBPUSD front runs the market or do we get FX:GBPUSD lagging behind with bullish buy stops next in line? My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Short
by LegendSince
BITCOIN - Weekly Road To HellLast 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 my continued bullish macro run to ATH's I am expecting further downside action; first target being $50,641 equilibrium. This is considered a healthy retracement due to the strength of purchasing power coming gin from the bulls There was parts in the video where I was ranting a bit too much so please excuse me for that lol My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
by LegendSince
GOLD - Weekly Order Block AnticsLast 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 or liquidity pools and in this instance, from the analysis gathered from a higher timeframe; Monthly, weekly and daily, it seems as though there might be a strong possibility of bullish price action going into the week with bearish order block inn the scopes @2039.27 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
FX_IDC:XAUUSDLong
by LegendSince
GBPUSD - 100,000 Lots, Tight Stop, 21 Pip ShortPart 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 currently it's working in my favour of my overall bearish bias. Bearing in mind this is a paper account with virtual money being risked as it's more about perfecting the strategy and utilising logic to understand where price action is and the likelihood of where its bound to trade to. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Short
by LegendSince
Understanding Momentum to filter out the Best SetupsIn the video I discuss how I analyse momentum using MACDs and the 5min and 1min charts when daytrading. Knowing these key concepts helps me filter out the best setups to get on the right side of the market and in the right trading zones. The basic concepts discussed are : - Momentum - Price Action - Candle Analysis - Multi-timeframe Analysis ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
Editors' picks
CBOT_MINI:YM1!Education
by TradeTheStructure
5
NQ - Weekly Sellside WarIn 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 technical proving it. From when the lows was formed on Tue 15th Feb 23 @ 15:00 US PM session, the retracement made was deep into a premium @ 17999.75 before brief rejection, with current price being below premium and now at a discount at 17721.50. Ruling out the possibility of running intra-day buy stops to accumulate more shorts is logical and is in the cards but 18121.50 is my last line of defence and I do not want to see a daily candle body close above it. 17415 is of caution My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CME_MINI:NQH2024Short
by LegendSince
ZB1! - Weekly Continued Selloff? #1Next 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 than bullish throughout 2024 with more pain being felt if markets were to engineer price down to 119 (1st target) and 116 (2nd target), which will also be in line with bullish interest rates. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT:ZB1!Short
by LegendSince
4
GOLD - 7 Red Folders, Minor Price FluxuationTuesday 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 volatility for the day or session. Always stay sharp! My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
FX_IDC:XAUUSDLong
by LegendSince
EURO - Weekly Slow 'N' Steady Wins The RaceStudy the weekly timeframe. Notice how we perfectly hammer into the weekly bullish order block formed on 6th Nov 23 whilst sweeping weekly sell stops... I don't think MAX pain has been delivered to the downside as large hedge funds, mutual funds as well as whales would be smart enough to allow their stop loss to breathe and not place it right at the throat of the previous lows @ 1.07236. I could be incorrect in saying this and FX:EURUSD next week could absolutely rip my face off to the upside as its been the 4th consecutive week that we have seen bearish price action which means there being a lot of open interest (buy stops) above previous recent highs being ran to. In the short term, just like FX:GBPUSD , I am leaning more towards the short side whilst keeping a open mind that if market participants are not risk off with the dollar, we could see not only FX:EURUSD run for buy stops, but also FX:GBPUSD with stock index pairs like CME_MINI:ES1! CME_MINI:NQ1! CBOT_MINI:YM1! having a shot also. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Short
by LegendSince
BITCOIN - Weekly Road To $52,000BITSTAMP:BTCUSD for me is where my trading journey started. I was using BITSTAMP:BTCUSD WITHOUT even knowing what BITSTAMP:BTCUSD is! Dont ask why.... This is when price action was around $900 in 2017 The false narrative and strong manipulation behind bitcoin is something i fell for; believing it's 'digital gold', 'digital store of value' etc... when really and truly, its been fundamentally changed from the core to be something COMPLETELY different to what Bitcoin is actually supposed to be. It's a digital cash system which enables people to transact with one and other in a fraction of a fraction of 1 cent. It's been 15 years but its only now a few are starting to do their homework on what BTC CORE is. Remember, it's called Bitcoin Core for a reason. A few years back, it wasn't called 'Bitcoin Core' Why you may ask?? It's due to court injunctions but that will be something i get into in the near future. I'll let you into a little secret, research COPA v Dr Craig Wright Court Case BITSTAMP:BTCUSD will be a penny stock, just like all the other 'cryptocurrencies' but for the time being, the market makers need to engineer more sell stops by using CRYPTOCAP:USDT to pump and prop up the market for BITSTAMP:BTCUSD so that there is enough liquidity to sell into. $50,000 is a massive psychological milestone but i believe we will push a little past it; edging to $52,000. Lookout for daily buystops located @ $48,969.48 as once this is ran on, 50k is almost certain! The weekly fair value gap between 42,400 - 44,200 will accommodate any sort of pullback for another leg to the upside target. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Long
by LegendSince
BITCOIN SV - Weekly Only If 99% Of People Knew...OKX:BSVUSDT is the dark horse of the 'crypto' market, with many calling it a scam, fraud and whatever else and this WILL be something I talk about in detail another time. Today, due to it being the 1st ever OKX:BSVUSDT analysis, i will keep this one short, sharp and sweet so we all have targets to focus on this week. Before i go into the intricacies of the multi-timeframe for OKX:BSVUSDT , it must be noted that whatever CME:BTC1! does, the WHOLE market tends to follow through, including $OKX:BSVUSDT. The difference with OKX:BSVUSDT and CME:BTC1! in terms of price action is whenever CME:BTC1! pump in price, we do not see a sudden increase unlike cryptocurrencies like CME:ETH1! $COINBASE:LTCUSD. It's tricky to spot but if you have been observing the scene for over one year religiously, you will notice that one of the Bitcoins will tend to frontrun the other, usually it being BITSTAMP:BTCUSD taking the lead. From the beginning of 2023 to the ending of 2023 has been an absolute rollercoaster with continuous bearish prices until the low was formed on Saturday 10th June 2023 @ $15.70. Imagine how many Bitcoin's you could've bought for $15!!?? From when the low was created, we have been on a steady incline to the upside, running on daily highs in early July before two monstrous bullish candles clocking in at 53.73% and 19.61% candle wiped out most short term traders and this realllly got the party started! Ever since then, we have witnessed a minor retracement (i meannn, in comparison of the 73% pump within 2 days) so the areas that i am looking out for is the bullish order block that is highlighted in red around the $90 region if CME:BTC1! is to run to $50,0000 - $52,000. Area highlighted in gold is the monthly timeframe and represents the bullish fair value gap created, which is being respected and acknowledged. If the lows of the monthly fair value gap is broken, there's a good chance the weekly fair value gap will be the next area short sellers are willing to draw on liquidity which is located between $35 - $44. I won't lie, i hope it does get down to that level because i ain't done buying! My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
by LegendSince
3
SILVER - Weekly When Does The Fun Start?Good ol' $COMEX:SI1!! I believe anything that is Gods money will always have a use case in this world. COMEX:SI1! is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail. What we saw from March 2020 was an absolute capitulation in COMEX:GC1! COMEX:SI1! , with a decline of over 33% within a 30-day period which is crazy! But the rally we witnessed after that was something many would be in awe, with returns of over 148% within a 154 day period; less than half a year! This shows that during times of crisis and PAIN, precious metals like COMEX:GC1! COMEX:SI1! OANDA:XAUUSD FX_IDC:XAGUSD flourish. My experience is leaning me more towards buyside but I am going to take the neutral viewpoint whilst keeping a open mind to seeing buy stops@ 23.321 ran through whilst also being aware that risk off TVC:DXY could add additional pressure to the downside towards 22.169. Price action below the intra day level of 22.414 is considered discounted territory, with 22.300 being a PD 1-hour array which would be a logical area for the next lower low to form. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
FX_IDC:XAGUSD
by LegendSince
GOLD - Weekly Road to RichesUnlike 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 the daily, weekly and multi-month timeframes in order to give me that confidence to analyse where price action will head to next. Aside from minor fluctuations above and below premium/discount territories, (2031.02) I would like to see either buyside poached @ 2067.63 or sellside attacked @ 2014.97 before taking any drastic actions. COMEX:GC1! FX_IDC:XAUUSD COMEX:SI1! OANDA:XAGUSD do tend to have tighter correlations with each other than any other pairs. I wouldn't be surprised at sub 2000 nor would I be shocked if this is the beginning of the road to all time highs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
FX_IDC:XAUUSD
by LegendSince
GBPUSD - Weekly Liquidity OverviewFrom 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 premium with this weeks candle spiking briefly into a discount before closing at the end of the week in a premium. Last week, my target was for FX:GBPUSD to trade to the 50% equilibrium @ 1.26451 which was missed y a few ticks. Although it still is in the cards, I am expecting a spike to that area before a gradual decline. Bullish candle body closure above the weekly fibonacci and above the daily bearish order block @ 1.26879 will negate my trade setup. I do believe that further discounted prices are inbound with the weekly bullish order block being the goal and 1.25002 being the #1 confirmation. Utilizing TVC:DXY bias, if we are to see risk on dollar, FX:GBPUSD as well as FX:EURUSD has a higher tendency to retrace lower, with the bullish 1-hour order block being an area of interest @ 1.26385 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Short
by LegendSince
YM - Weekly Frontrunning To Sour Sell StopsOf 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 indication for CME_MINI:ES1! & CME_MINI:NQ1! for a potential reversal? Would many of us retail traders expect a sudden shift like that, similar to CBOT_MINI:YM1! ? With a bullish TVC:DXY , more pressure could be placed on CBOT_MINI:YM1! to the downside to attack a DEEP liquidity pool @ 38,212 placed ever so perfectly on the 1-hour timeframe, highlighted in blue. This assumes the 1-hour wednesday bullish fair value gap rejects and gets treated like a inverted FVG. 38,645 will be my first point of call if my bias is to stick like glue. Friday 9th Feb 2024 - 8:00AM bullish shooting star located on the 1-hour timeframe is a MAKE OR BREAK CANDLE. As long as price action trades below 38,840, there's a strong chance we could be in for a sell-off next week. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT_MINI:YMH2024Short
by LegendSince
NQ - Weekly Sixxk Sister SellsideAs 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 wondering off in the complete opposite direction to the direction I originally opposed in comparison to the other two; CME_MINI:ES1! $CME_MINI:NQ1!. A major psychological level with CME_MINI:NQ1! since the market is trading in uncharted territories would be 18,300 - 18,500 if my bias is to be negated and price action is to continue it's bullish trend. In comparison to CME_MINI:ES1! , CME_MINI:NQ1! looks stronger from a time-based point a view as its been bullish for longer within a 2-weeks period and indicates if it were to retrace, 18,020 - 18,007.50 which maps out the 1-hour bullish order block will be a good area to add long positions for the opportunity to attack long-term intraday highs @ 18,071. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CME_MINI:NQH2024Short
by LegendSince
Forex Factory - Volatility Dreams & NightmaresWe 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, that day wouldn't be the ideal day to risk capital and would be best to sit on your hands. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT:ZB1!
by LegendSince
1
DXY - Weekly Road To Buyside 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 indicating that if we are to see a candle closure below 108.811, there's a strong chance for sudden decline to 102.901. 104.557 has already been swept and if the market sentiment as a whole is risk on, 104.557 might be a long-term high for the foreseeable future with 102.742 being the #2 zone of take profit from a short perspective. In contrary to the opposing bias, although a decline in ZB1! does not necessarily mean a bullish run in DXY, I am looking for a continuation in bullish price action with 105.668 being the next draw on liquidity for the week. What would that mean for the stock index markets and forex? My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
TVC:DXYLong
by LegendSince
3
ES - Weekly Jimmy Balodimas 101 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! CBOT_MINI:YM1! in a downward spiral. Monday was the creation of the weekly bullish order block with 3 consecutive bullish candles proceeding it to close out the week @ 5044 whole. Since CME_MINI:ES1! is in new territory, the best method to gauge where to take profit or witness a likely rejection is by utilizing psychological numbers. In this case, 5050 is in the cards (which this weeks price action failed to penetrate) and 5100 (due to the algorithms liking round whole numbers) being up for grabs if we see a bullish continuation to the upside. Solely analysing CME_MINI:ES1! but not TVC:DXY CBOT:ZB1! TVC:US10Y CME_MINI:NQ1! CBOT_MINI:YM1! FX:GBPUSD FX:EURUSD gives me a tunnelled vision in saying that I am 100% bullish on stock indexes as there is ALOT of economic uncertainty around the world at the moment and governmental policies that just are not sustainable over a long period of time. But I do foresee a short term decline in price back down to the 1-hourly zone located at 5032.50 with the chance to rip buyside's face off @5048.50 In this moment in time, I am bearish to the bullish hourly order block located between 5034 - 3031.25 but in the grand scheme of things, it could still be seen as a 'minor retracement' before the second leg to the upside. Lookout for 5036.75.... My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CME_MINI:ESH2024Short
by LegendSince
US10Y - Weekly Buyside Attack! #1Throughout 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 been formed (highlighted in blue on the 1H timeframe) and throughout the week, US10Y has respected it as a resistance (as seen @ 7am on Wednesday 7th), Thur 8th, 13:00PM as well as Fri 9th, 8:00AM indicating that there is a lot of sell stops below the 4.127% region. I am currently looking for higher rates at the moment, targeting 4.3%, following the bullish trend that kicked off from sellside was swept last Wednesday when equities opened @ 9:00AM Interest Rates are paramount to the movement of all asset classes, hence the reason why I place such importance on it even though I do not trade it. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
TVC:US10YLong
by LegendSince