Assuming (ONLY) that the market presents an opportunity to buy dips... I'm looking to enter at or below the 1.07600 level, which corresponds to this week's pivot point. I calculated this level using my own custom VWAP-based pivot analysis, which marks the market's 50% midpoint. It's not your typical Pivot Point line. While my strategy relies on technical analysis with some consideration of fundamentals, sentiment, and trained intuition, I understand that the markets can be unpredictable.

...

EUR/USD: sell the high A new position... and sell limit orders TP @ 1.07770, and 1.07350 SL @ 1.08600

To secure a small profit and adapt to market conditions, I adjusted my stop loss and removed sell limit orders. My target profit remains fixed at 1.07770. While I’m catching some zzZs before the London opening, I am contemplating the idea of buying on price dips.

Still in my pajamas, but my trading senses are already tingling! As for takes (opinions) given out in some other forum thread outside this domain, I like to think of myself as a Technical Trader Extraordinaire, channeling my inner Chart Whisperer. Fundamentals? Psh, those are for the birds!

My takes are below...

1. Time horizon: Traders with a short-term focus might find that fundamental factors like economic indicators and central bank policies take too long to play out in the markets. They might instead rely on technical indicators and charts to make quick trading decisions.
2. Complexity: The global economy is incredibly complex, with various factors influencing exchange rates, from geopolitical tensions to natural disasters.

Remember to keep the big chunk of fundamental analysis for the chirping birds, and follow your technical charts with a sense of humor and a bit of Beatles flair! After all, trading can be a "Hard Day's Night," but with the right mindset and knowledge, you can "Come Together" with the markets like John, Paul, George, and Ringo.

Make sure Yoko doesn't disrupt the band (aka your trading strategy). Stick to your technical prowess and charming wit, and you'll rock the markets like the Fab Four. Stay focused and avoid any distractions that could throw off your groove!

As the clock ticks towards the London session, I am carefully considering selling at the highs. Will this move land me a solid 'Ticket to Ride'? You don't have to care, but I'm sharing anyway. Meanwhile, I'm also weighing up the potential for buying dips ---a tactic I might just 'Let It Be', or who knows, 'Here Comes the Sun' on my buying opportunity. Stay tuned, folks!

EUR/USD:

And now, if this trade doesn't work out, I might need to ‘Come Together’ with a little comfort food because ‘I am gonna be sad’
So, my selling highs strategy has a ‘Paperback Writer ’-worthy target of 1.07770 and a protective ‘Penny Lane ’-ish stop loss of 1.08600.
…whether this strategy brings me ‘Something’ or ‘Nothing’, one thing is for certain: ‘Why so serious?’ Well, because ‘I see dead pips’, and I can hear Bruce Willis asking ‘How often do you see them?’ and I reply... all the time ; )—

nathanvbasko wrote: Thu Jun 13, 2024 5:57 pm EUR/USD:

And now, if this trade doesn't work out, I might need to ‘Come Together’ with a little comfort food because ‘I am gonna be sad’
So, my selling highs strategy has a ‘Paperback Writer ’-worthy target of 1.07770 and a protective ‘Penny Lane ’-ish stop loss of 1.08600.

…whether this strategy brings me ‘Something’ or ‘Nothing’, one thing is for certain: ‘Why so serious?’ Well, because ‘I see dead pips’, and I can hear Bruce Willis asking ‘How often do you see them?’ and I reply... all the time ; )—

If the price action stays within my identified value area based on quartiles of the volume (tick data) profile, I expect that my target at 1.07770 will be reached.

nathanvbasko wrote: Thu Jun 13, 2024 9:20 am EUR/USD:  sell the high

A new position... and sell limit orders

TP @ 1.07770, and 1.07350
SL @ 1.086

Screen Shot 2024-06-13 at 7.15.46 AM.png

In light of recent market changes and after analyzing the situation, I have decided to take a more conservative approach. I closed an active position and canceled my previous pending orders. This strategy will allow me to concentrate on potential opportunities for buying dips when they occur. While I understand that this change might seem premature, I am still dedicated to exercising patience as a fundamental principle of successful trading. As a result, I opened one active order @1.07834 and have placed new pending buy orders in anticipation of favorable market conditions.

TP @ 1.08200 | SL @ 1.07500

...just secured profits on one active order.

Now, I have opened 3 positions and 1 pending position...

TP @ 1.08300 | SL @ 1.07770

nathanvbasko wrote: Thu Jun 13, 2024 10:58 pm Now, I have opened 3 positions and 1 pending position...

TP @ 1.08300 | SL @ 1.07770

This is the end, my friend, my trading journey’s reached its final bend. I'll sleep it out, let my losses run, for this trader’s fight, it’s already won. So don’t stop me now, I’m having such a good time, I’m done trading, and I feel fine ; )—

End credit to Freddie Mercury of the Queen.

According to my theoretical analysis and interstellar insights, the price will 'Launch into the Stratosphere' during the trading session (Friday), and I predict it will skyrocket ‘to infinity and beyond’. By the End of the Trading Day (or possibly even by next week), the price will achieve a 'Cosmic Lift-off' reminiscent of the 'Big Bang' itself. Thus, the price has the potential to be truly out-of-this-world ; )—

Short for now... until midday London
TP @ 1.07160