Knee undergoes tremendous stretching while on traction.. and it is mostly in hyperextension. This causes pain and swelling.
You can untie the traction for sometime and reapply again after 30 mins for allowing skin to breathe a little bit.
Next Steps
Send pre and post reduction x-rays...
Local ice pack application will also help relieve pain and swelling.
Health Tips
If you hip is relocated then there will be no problem while removing traction.
Get check x-rays done.