I just wanted to do a quick post to reminder newer traders that we have to be ready to get out of positions if conditions change or if it is clear a level is not going to break:

I have promised to keep these posts short but I trust you can see what happened to shorts that refused to acknowledge what the chart is telling us about that 08210 level…. I am sure more than one was holding for the 123% and hopefully managed to change his/her mind and book some profit.