I don't trade with stops either, but I also don't arbitrarily hold on to losing trades. I add or subtract to positions as the signals arise and stay in the market 100% of the time across a dozen pairs. Therefore, stops and targets aren't necessary.
http://www.myfxbook.com/members/sfxt...gizzard/733138
http://www.myfxbook.com/members/sfxt...gizzard/733138
There's always money in the banana stand.