Yes, you missed something. Target is the same - 5 Day ATR while entry point became closer to SL, so we have less loss pips with same profit pips.
DislikedPaulus,
Not sure how that is giving better risk/reward as you are getting a better entry but you are also adjusting your take profit by the same amount, or am i missing something?
I am doing this quite often when the R/R is no good but i tend to leave the same TP as it would have been from the original entry. The way i look at it, you are then taking the same signals but with a much better entry so you can afford to lose a lot more trades and still stay on top. My Eur/Aud on Friday was a bugger though! Got a lovely entry on a limit, it was...Ignored