[Truville]

How could I possibly take offense at that? Look, what I am saying is that it simply does not make sense to me to stampede like a scared cow simply because all the other cows are doing it.

Cable going short was a natural and understandable consequence to the news. But was Euro going long? Does that make as much sense to you?

Let me turn it around for everyone here, and see if "stick to the plan, no matter what" still holds true.

You short cable two hours before the bombing. You look to make 30 pips, and risk 15. Suddenly, cable drops like a stone! It keeps dropping, going down and down. Obviously, some news event is really making this baby move.

Here is the question: Do you still take your original 30, or do move your limit to take advantage of the situation? If you would move your limit on this unique event, how is that any different than moving your stop on a unique event?

To me, looking past the rigidity of your system, to see what the market is doing- is the difference between someone who trades the market, and someone who trades a system.

If you think an excellent trader is some kind of robot that takes the input "Euro over 2000" and outputs "must close at loss", well, I'd call that much more naive.