20101019 1152 You are the hero for that instant. In trading, don't impose your will on the market. Today with the overnight fall on Wall St, I heard a trader say "The trend is down, don't fight the trend.(down) short short". Now those who short on the big gap down are under the kosh.... until of course price moves down below 1480, when they become 'right' again. Don't be a hero and try to be right or wrong, but rather be on the 'right side' of the market.

Objectively shorting at 1479-80 for potential move to 1477 is inferior in terms of risk reward to long at 1479 to the lunch time price closing of 1486...

One would do better to have an idea of multiple timeframe analysis, trading the micro timeframe trend and not having an awareness of the longer term trend cna be perilous.