PA feels very different going into the Euro session tonight. Too anemic. Looks like this week's rally is finally coming to a close. If price does not reverse back up to its high, I fully expect a selloff for the RTH. Time to dust off my bear costume.
If I remember right in late feb, early march he was assuming normal support would hold but traded with some large stop outs because of the extremity of the sell off going deeper to hit multi year lower zones. The stops probably could have been tighter if trading from the long side during then. I have no doubt a lot of people got it very wrong during that time period with too much leverage as well. From what I read, he doesn’t average into losers. However once you recognize why he chooses certain areas to enter and exit I think it becomes more clear that there is a plan.