I think that some of you missed the point of his trading strategy. It appears that most of you are focused on the trades going against his Analysis in a big way.
I think he and I trade very similar, I don’t use a SL and I trade with a pip value of $100.00.
I use what I call a soft SL and my win rate is 98%.
I know before I enter a trade what I’m willing to risk, and I monitor my trades according. However, even more important than using a SL is the Analysis of the trade.
I won’t take a trade unless I’m 100% confident in my Analysis.
I’m sure many of you feel the same way, yet your trades still go against you. Well that explains why you still need to use a SL doesn’t it?