Filthy Rich for Dirt Cheap - Ajaymein

[sgorn]

Hello, nice thread ajaymein I see pyramiding is what you use in your strategy. You add some new lots on potential R/S ? what is your idea about adding new positions? average costing?

yours sincerely,
sgorn

[ajaymein]

Sgorn, I don't use pyramiding. I just add positions every time I see a PA or signal in my direction. I don't add lots very often either...just when I really feel I can get a big move with few retraces.

[ajaymein]

[ajaymein]

[ajaymein]

[ajaymein]

Edit: -6

[ajaymein]

Edit: closed +3

[adaseb]

i like it how silver keeps you guessing.


hmm will this supply area hold and it'll make an attempt to the lows or
will that new fresh demand area hold and it'll make an attempt to the 36.38 which was the days prior low.

[ajaymein]

Reversed

[ajaymein]

i like it how silver keeps you guessing.


hmm will this supply area hold and it'll make an attempt to the lows or
will that new fresh demand area hold and it'll make an attempt to the 36.38 which was the days prior low.

It just goes from level to level...once levels start getting engulfed and opposing levels are respected simultaneously, you know which direction to trade in.

Another way to put it is once momo bars and ZLs get engulfed and fresh ones are made in the opposite direction, that is which direction to trade in.