Dion's Pyramid

I just found this thread from a google search for something unrelated. Honestly I forgot what I was searching for because I just spent the last hour or so reading this thread.

Anyone still working on this? Any of you millionaires yet?

I'm a futures trader surfing the net looking for ideas. I realize this is a Forex forum but I hope I'm still welcome here

Hi I just stumbled over this thread as well, sure gets the brain ticking over.

Everyone seems to have left it now, maybe they are all sitting on the beach drinking pina coladas

Hello all. What a great post. I have spent some time researching into pyramiding techniques and came across this.

Am quite interested if anyone has made this work till date?

Anyone a millionaire yet?

This thread is still interesting to me for two reasons:

1. The idea of pyramiding/snowballing is still exciting to me. Using renko trading and pyramiding seems fun to me with throw away money.

2. This is an old thread. Tdion used examples of gbp/jpy from 2006 to exemplify how this method would work. Tdion will most likely not comment on this thread anymore as he has expressed to me his acceptance of trading immaturity in the idea. BUT what has happened since 2006? Have there been any other 1000:1 trades in nzd/jpy and gbp/jpy since 2006?

That is why I am posting now. Can any of you find a trade that would have banked $1m in any years since 2006?

I think this would be a fun conversation to have. Actually, I think both of my interests would be fun to discuss.

Have fun.

Matt

Hi Matt,

Scalling in can be nice if you have a way to deal with the massive drawdown that comes with it.

Since the destruction of the carry trade I doubt you can find any good trades on the pairs you mention. Also waiting for the carry trade to return doesn't seem very wise right now, with the crisis still raging strong.


Regards