Possible use of either Trailing Stop-Loss or a well defined profit taking could protect profits or prevent otherwise greater losses. The middle of the range seems to offer useful guidance. If the market is not trending (medium term - days/weeks rather then weeks/months) every trade demands more intra-day attention, with the exit point being worked out in detail according to the price action or other rules of the trader's strategy. Useful description of the different market behaviour while trending or side-bound.
Stuff that we can all see happening but not sure how to deal with... He does show how he trades between short term highs and lows as the price passes through the median point in whippy times. Not much detail, spose you have to buy for a more in-depth explanation ...fair play
Usually this kind of stuff happens during news releases to shake people out. He could have mentioned that maybe.
Market could be seen as trending if you work on smaller timeframes for smaller pip profits, Bo was working off 120min which is too long for me.
Better presentation however with the video than just the normal write-ups.
Interesting to see things from a different angle. Dont know if he actually uses other timeframes to assess market conditions or not. Also, I dont know if he actually tries to see a link with the overall market (say, when trading Cable, always have a look at EURUSD, but also at EURGBP)
However, it simply confirms my personal view, that the market has to be assessed top down (from the monthly, down to the weekly, down to the daily, even 240) to get a good understanding of directional bias, and this is not shown in this video, and on that front I would say is lacking.
Having said that, it is clear this is not a video for daytraders......unless daytraders learn to transfer TA from all the different timeframes, and adjust risk-reward accordingly.