DislikedI've made some considerations about the merged profiles I posted before.....
Assuming they're right (Evak or mzvega will tell.....), I noticed that last week was an inside bar....
Now price can go on ranging....or breaking it.
Dalton says: Logic + Time + Structure
LOGIC (at least mine.....) tells me that often we have fake breaks of inside bars..... so, if price is goin to fill the upper distribution (as it appears from the merged profiles), we could have a fake down break (or, at least a new test of the downside...i.e....Ignored
Unfortunately, yesterday couldn't trade & today I set a TP around last week WIBH @ 1.3215 (a little more of tgwhbb initial TP) and then I fell asleep....
Ohhh my God......I've been too pessimistic listening to him....yet the books always say not to listen to others and do for themselves!!!
Seriously speaking, I wish to thank you all for this GREAT THREAD...
In a few days (reading here, & some books & links recommended by you guys) I had the opportunity to better understand market's logic.... It was the first time for me after 2 years wasted here in forex....
Of course it's just the start and I have to learn a lot more....
I want to share here the possible future target: 1.3500 (just happens is last 13 months merged VAL.....)
It is based from another guy's job here @ FF (sorry but I don't remember the thread) that states when a week closes above/below (coming from below/above) some critical round numbers (1.30 - 1.35 - 1.40 etc...), the short/middle period target is the next one round number...... Time will tell
I've my personal convinction too, based upon foundamentals:
Here, in Italy (and Europe genrally speaking) the media always tells us how catstrophic is economical situation.....
I quote myself from a post made 01/19/2012 in a babypips forum where I wasted almost in vain a lot of time & energy (and little money....)....
START QUOTE
ECB President Draghi spoke @ Monday 16th Jan. 19:00 (GMT+1), and said Euro crisis was serious.... (not speaking about recent downgrading of many eurozone nations by Standard & Poor....)so what you thought would happen next.....?
@ 19:00 GMT +1 EU closed @ 1.26722
@ 00:00 GMT +1 EU closed @ 1.26488 (-23.4 pips ohhhhh, my God, what a drop! )
Starting from there EU rose @ 1.28781 (+ 229 pips.... at least until Today 4:30 GMT+1)
Someone still going to listen to media....? I would bet EU will rise in next months......
Read more: http://forums.babypips.com/free-fore...#ixzz1liqKcdOH
END QUOTE
The Bildenberg Group is taking control here in Europe (Italy/Greece etc) with it's men..... (Draghi, Monti, Papademos) and.... who do you think introduced Euro (forcing Eu nations to loose theyr Monetary freedom)? The Bildenberg's men of course...... F... 'em
They're destoying our welfare!
But Euro goes up.......
Ok...go back now to read the books.....