A take profit or Limit order can be a point at which the trader wants the trade closed, in profit. It's a good tool for discipline (closing trades as planned) and critical for selected strategies. It's also very useful for traders who are not able to watch and monitor trades http://connerlvgmp.bloguetechno.com/The-Fact-About-price-patterns-That-No-One-Is-Suggesting-44611561