Ok folks.... I am also providing the pyramiding rules now.
How to pyramid
Pyramiding is the final step for a swing trader. Pyramiding is done to maximise profits in a good trend by adding more positions
while not increasing the risk due to increased position.
A swing trader should pyramid only when the original position is in good profits, and the SL for the newly added position should be less than the profit earned by the original position so far. This ensures that the additional risk taken by the trader is not a risk of losing capital but just a risk to lose some profits from the original trade.
One more way in which these pyramiding option can be used is when someone misses the original trade or doesnt take the original trade due to large SL, one can wait for these pyramiding opportunities to enter the position afresh.
When to pyramid?
Again talking of 30 mins charts, we have understood how one can use GFZ to book profits/hedge and 15 EMA touch to enter positions again. To pyramid, we use the same logic as re-entry, we wait for first 30 min candle to close above 15 EMA after the retest (the candle should be bull candle i.e close should be higher than open for a bullish swing and visa versa)
We enter as soon as this bull 30 mins candle close above 15 EMA and keep the recent lowest point as SL (please note this is SL for 'added position only and not SAR for original position).
Obvioulsy if markets were trending they will make a new high hence making this SL as SAR for all positions.
Charts to showcase pyramid points in last 10 days...
Cheers
SH