Many moves seem to go 55 pips before re-tracing. If we want to capture the 55 setting a "Take Profit" works well. How do we then handle the "what if" when the market runs well past 55 pips?

Found this article that talks about trading during annoucement days. Also does an excellent job of addressing my prior question. It basically states to have a plan and stick to it. Hope you find it as useful as I did.

https://www.thelfb-forex.com/fullStoryView.aspx?sid=4238

A plan of action is always the best plan. Sticking to ones plan is sometimes tough when you see the market run after you get out or look to get out. One way to see how far the market can run past a point is to watch the Moving Averages and see how far the market “lifts” off of them. The farther the candles move away or lift off of the MA’s the more momentum is built up so the market will have a tendency to move to a further target. There are also a number of built in indicators into the charts on each type of trade ( 6 Aces, RF and Wild card) which can help you better determine the market move potential once it reaches the first of your targets. You should still however, always trade with targets. Once the market moves past your first target, look for the next etc.

James

One of the confirmers to stay in a trade that I have found to be very useful are the bollinger bands on the 15 min 6Aces trade. If the candles are riding on the proper bollinger band then I am willing to stay in the trade. If the candles start to move off the band then I use it as one of my confirmers to tighten up my stops. I even check the bands at the 30 and 60 min charts and use it for further confirmation.

#1 thing is to have the HSI targets in view - unless you can see it - you won't stay into it.  Here an example

When she looked ahead, Florence Chadwick saw nothing but  a solid wall of fog. Her body was numb. She had been swimming  for nearly sixteen hours.  Already she was the first woman to swim the English  Channel in both directions.  Now, at age 34, her goal was to  become the first woman to swim from Catalina Island to the  California coast. 

       On that Fourth of July morning in 1952, the sea was like an ice bath and the fog was so dense she could hardly see her  support boats. Sharks cruised toward her lone figure, only to  be driven away by rifle shots. Against the frigid grip of the sea, she struggled on - hour after hour - while millions  watched on national television. 

       Alongside Florence in one of the boats, her mother and her trainer offered encouragement. They told her it wasn't  much farther. But all she could see was fog. They urged her  not to quit. She never had . . . until then. With only a half mile to go, she asked to be pulled out. 

       Still thawing her chilled body several hours later, she   told a reporter, "Look, I'm not excusing myself, but if I could have seen land I might have made it." It was not  fatigue or even the cold water that defeated her. It was the fog. She was unable to see her goal.   

Two months later, she tried again. This time, despite   the same dense fog, she swam with her faith intact and her   goal clearly pictured in her mind. She knew that somewhere  behind that fog was land and this time she made it! Florence Chadwick became the first woman to swim the Catalina Channel,   eclipsing the men's record by two hours!