New posts

Reply to thread

Message

Tech,

Actually I do pyramid in markets depending on whether its a bear market or bull market.

If it's a bear market, I split entry levels and positions sizes.

For example I trade BHP in 4 lot positions, and each bank in 2 lot positions.

I also use partial exit strategies on the way up also.

I take a position at monthly level looking for a reversal pattern back into the 50% level and exit, if the position moves against me, and look for the next level based on a higher timeframe and re-enter the level look for a rotation, which just means I wait a little longer.

The higher the timeframe level the larger position.

If I think the market has it a low, then i'm all in.

BTW, please don't tell others what I do or don't do. There is a good reason why Julius says I do.

cheers,
Frank

<blockquote data-quote="Frank D" data-source="post: 311311" data-attributes="member: 4896">Tech,Actually I do pyramid in markets depending on whether its a bear market or bull market.If it&#039;s a bear market, I split entry levels and positions sizes.For example&nbsp; I trade BHP in 4 lot positions, and each bank in 2 lot positions.I also use partial exit strategies on the way up also.I take a position at monthly level looking for a reversal pattern back into the 50% level and exit,&nbsp; if the position moves against me, and look for the next level based on a higher timeframe and re-enter the level look for a rotation, which just means I wait a little longer.The higher the timeframe level the larger position.If I think the market has it a low, then i&#039;m all in.BTW, please don&#039;t tell others what I do or don&#039;t do. There is a good reason why Julius says I do.cheers,Frank</blockquote>

[QUOTE="Frank D, post: 311311, member: 4896"] Tech, Actually I do pyramid in markets depending on whether its a bear market or bull market. If it's a bear market, I split entry levels and positions sizes. For example I trade BHP in 4 lot positions, and each bank in 2 lot positions. I also use partial exit strategies on the way up also. I take a position at monthly level looking for a reversal pattern back into the 50% level and exit, if the position moves against me, and look for the next level based on a higher timeframe and re-enter the level look for a rotation, which just means I wait a little longer. The higher the timeframe level the larger position. If I think the market has it a low, then i'm all in. BTW, please don't tell others what I do or don't do. There is a good reason why Julius says I do. cheers, Frank [/QUOTE]

Verification