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Message: [QUOTE="Nigel Price, post: 81626, member: 25485"] Morning Guys, Happy Friday! Up 470 pips now as I my charts this morning: [CENTER][url=https://www.evernote.com/shard/s424/sh/b29593f2-cc0d-4dfc-88b6-dcd0135449f6/a92354059530ece5b238289f75ae37cb][img]https://www.evernote.com/shard/s424/sh/b29593f2-cc0d-4dfc-88b6-dcd0135449f6/a92354059530ece5b238289f75ae37cb/deep/0/Screenshot-17-04-2015-09-06.png[/img][/url][url=https://www.evernote.com/shard/s424/sh/b29593f2-cc0d-4dfc-88b6-dcd0135449f6/a92354059530ece5b238289f75ae37cb] Click for large view[/url] - [color=#A7A7A7] Uploaded with [url=http://evernote.com/skitch]Skitch[/url][/color][/CENTER] [URL="https://www.youtube.com/watch?v=DOXkAv-dOgg"](Youtube Video for the entire entry is here, if you missed it)[/URL] It's been a great trade so far, there is no doubt about that. But I am facing a bit of a dilemma now. As you can see, we are now a significant distance underneath the trendline that I had earmarked as my line in the sand - if the price stays below = bears in control; price above = bulls in control. I have spoken a lot about how retraces are not nice - I usually do not mind sitting them out, uncomfortable as they are, but if a retrace happens here, it is likely to be a whopper. If we made it to the trendline from here, it would be over half of my floating profit. Furthermore, if we did retrace to the trendline, there is nothing to say we would have to stop at it. What if we got above the trendline? Looking at it from the other point of view, the bears have been very strong - who says we can't just continue on down from here, and not retrace to the trendline at all? There is no rule that says that it [I]has[/I] to be retested - it might not happen at all. These are the things that you have to weigh up in your mind when you are running winners. You have to weigh up the pros and cons of all eventualities, pick one, and run with it. Sometimes you will make the right decision, sometimes you will make the wrong decision. In terms of how it feels, it will usually feel like you make the wrong decision far more often than the right decision, but I think that is just your mind playing tricks on you :D:D Do any of you have any suggestions? How would you handle this trade if you had it open in your own account right now? [/QUOTE]

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