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Today we take a look at FRED on the 2 minute time frame. Clay’s alert was ‘multi candle bull pole with consolidation.’ After polling the room to see where people’s entries and stops are, we see that it starts off breaking below the small flag formed before ultimately recovering and moving up. As we find out who was stopped out and who was able to maintain an entry, we now focus on trailing our winning trade. This is a great example of the pain traders feel (if they were short) when they stay in a losing position and refuse to keep their losses small. After a multiple dollar run, we see the members slowly stop out depending on their method of trailing their winner. This is a good example of why we let trades run to their logical conclusion instead of assuming ‘profit is profit.’