Keeping a short open vs. booking profit.
SwingPRO Trade Example
USDJPY | 2012/06/14 | 65 pips
Description: In this example we decided to keep our short open (after the break of the blue trending support line), rather than book profit and close the trade. Closing and re-entering usually means less profits, and a risk of false break on the re-entry. (ref# 482)
Thursday, June 14th 2012 @ 6:48 UTC - Trade Setup: That short from 79.50 is still open and we are targeting 20/20/20/20 for 80 pips profit.
Friday, June 15th 2012 @ 5:39 UTC - Result: 65 pips We are closing our short from yesterday at current price (78.85) for 65 pips profit.