Disliked{quote} If you can get the direction correct in the first place, why would you use his method in the first place? In that case wouldn't it make more sense to put large capital like 500000 instead 50, make relatively small size bet with very large margin for error, collect your target 1% profit for 20/30 or so pips move and close the day with5k$500 profit? Repeat that for two weeks and you can have holiday for the rest of the year. {quote} In other words you believe you can make sharp point entries with guaranteed little draw-downs by better analyzing...Ignored
Trading and gambling are similar in a sense except that traders are aware of the potential ROI, BECAUSE of historical data.
Look at what happened in the past, it's very likely to happen again.. statistics don't lie.
Yes, dear pessimists, there's no guarantee that it will be like this eternally. But hey that's not an issue, your 10/50/100k balance will still intact because you were risking 1%/trade.