The Power of Adding on and Reverse Pyramiding Money Management Technique
I started this campaign with only .25%. I was not sure, AO had peaked
but then it was around ZL, Alligator was asleep. Purple just above,
perfectly. entered with hesitation but it triggered with style. got back
up and starting coming down. Took setup 2 with a 2% add on. it
continued well. I knew something was brewing. Let it run. survived the
night entered another one for .75% (should have been 1% but mistake)
later added one more at .5%. The last one was a bit late and i really
was thinking of exiting. But realising that AO had created a new peak, I
decided to let it run. Here comes NFP, i was securely in profit so I
thought I'll close at red line close that never happened. let it run.
Was then confused whether to close over weekend or not. So I set a
secure SL right at the spot where 4th entry was. Worked well started
with a huge jump, no retrace. I then switched to H4 and found an AIMS
Level to the left that looked like might be a good exit spot. then put
the fib exp and found that the H4 aims level and fib exp 2.62 (3rd wave
is usually 2.62 of wave 1. That gave confidence (and an excuse) to exit
spot on at 1.4080. Its still not a proper exit signal but I'm very very
happy with 20% account rise. its been 4 weeks since I had a good trade
on H1. partly because markets were a bit sideways and partly because i
dont pay too much attention to my H1 account. (but perhaps I should)
Dot Net
