Is 20 pips enough?

13 April, 2006 (10:47) | Journal | By: Colin McGinley

Price inched lower again during early NY trading, as US retail sales and consumer sentiment data came out.  It was again capped at the 1.2065 level.

EUR-USD chart 

Last night when I wrote my update about taking more small bites of the apple, price was at 1.21; putting me in 20 pips of profit.  Was that enough to have closed the trade or was it worth holding on for 30 pips at least?

I would have had my 30 pips if I was awake during the London session when it reached back up to 1.2130.

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