DislikedHi Norm,
where did you get this information about the stops that that he really used?
What kind of repeatable result were you getting with your adaptation of John's system? Even with a 20 pip profit target and 150 pip s/l, if he really really achieves 97%, on average he'd still net a bit less than 1500 pips after 100 trades...
cheers
OhkaIgnored
Its impossible to hit 200 winning trades out of 206 with a 30 pip stoploss with this breakout system.
I don't doubt he makes money with this method, just not the above win rate using only a 30 pip stop.
Don't get me wrong...you can make money with this method. I traded it by using MOMENTUM at the breakout point, and when the momentum slacked off I bailed out of the trade.