What will you do in this situation?
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If I was short I’d almost definitely bank the profits and wait for the dust to settle.
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same here - i would definitely close a short position and await developments
Remember, it is automatic trading
So, can I do anything, or only certain things?
you can do anything
i don’t quite understand, Greg - why do i have decisions to make, if it’s all automated?
that’s right, you don’t have to do anything. Many traders do “something”, close part, whole position , shift TP price target even they have proof of profit just because of feelings
Sounds interesting. Wait until the price hits the TP and move SL gradually, actually you don’t have another option, I guess. If you want you can close it right now, however, I guess you have already made a decision as I see it was in the previous month.
I’d wait for TP, lol, no other options.
it is easy to judge after situation 
Ya it depends on the system and my overall perception of where I think the pair is going. That drop maybe to build liquidity and the overall sentiment is buy pound. On a 1hr time frame hard to tell. If it’s sell then I wait for a pull back instead of trying to catch the falling knife.
If I’m in the trade and selling then I’ve already located my TP and usually I just let it hit. However I watch the market because usually there’s a pull back before I hit. If the finance fees are too much I might pull out to save profits. If I’m in a buy situation for this, I planned it and I’m using mean reversion and risk management to have a bigger payday down the road.
Good question! I think most people don’t have a game plan period and let emotions drive the action.