Disliked{quote} Thanks for your response, Xandi. Appreciate if you could show on your chart the point where you started your trade, and the relevant pin bar that got your pyramid started. thanks.Ignored
My method is "Inverted Pyramid", with TP 50/70 pips.
So you only have to choose some really oversold or overbought to start your Inverted Pyramid.
I started on 9700, and today watching that pattern I became more relaxed, and my "Stop" was when I have reach 1.6 LOT, which were at 9300(price at 9200)..anyway, the probability of falling from 9700 to 9200 without a retracement of 100 pips itīs very low, so in this method you can always jump off at breakeven in some retracement, since you build correctly your pyramid. I explain it here, 100 pips interval:
0.1
0.1
0.2
0.4
0.8
1.6
3.2
..and so on..depends on your margin..and Price Medium Breakeven is always only 100 pips from you +/-.