{quote} Hi Olu, absolutely no problem, quite the opposite. If you ask me questions and have me explain things, I can only learn from you and Zappa! Basically, my target was around 75, which hasn't been reached yet. Furthermore, the move from 76100 who i took long was, in my opinion, just a bounce to retest the resistance at 78100 in the red square (in addition to the blue tl) to perhaps reach my initial zone at 75 or even lower to 4 march high 74100. 75 is little bit less than 0.5 fibo move since April 2nd who i think is the minimum before we can...
{quote} Thanks MaGiix for your answer and explaining your reason for the trade. We all learn from each other hence my reason for the question. I am bearish as well looking much lower than 75k but as you know there will be tradable opportunities up and down before we get there. Zappa put it succinctly and it has always resonated with me - This market will always try and cause as much pain for traders whether you are right or wrong. Words to that effect anyway. So I remember that when solid trend lines get broken unexpectedly and 1k profit vanishes...
just go short on 78072 sl at 78300 target 76400
{quote} Great trade and trade management Magiix! Perhaps it is I who should be worried when you take a trade opposite of me!
{quote} thanks Zappa! im proud of my last two trade effectively. I think I still have a little way to go before that, you can rest easy
