HOW I USE
On a longsetup I set a buyorder on the high, if the swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high till the price move up and the longtrade start.
The same game I use for sellorder with the green swings, if I want a shortsetup. Best times for this are retracements from a trendchannel i.e.
HOW I PYRAMIDING
From swing to swing with the same color I move my stoploss. If my risk are 100 USD and with the next moving stoploss are only 60 USD in risk, then I have 40 USD for my next pyramiding trade in the same trendsetup.
WHEN I MOVE MY STOPLOSS
If I have choose a stoploss, than this is fixed till the last highest/lowest price from the other swing is broken.
Any questions? Ask me!
🐺 Wolfe Wave AutoPattern - https://www.tradingview.com/script/5WSDPKrC-WolfeWaves-ULTRA-V2-Wolfe-Wave-auto-lines-drawing-incl-Signal/
🎯 Elliott Wave Auto Counting - https://www.tradingview.com/script/H6INzuFc-Elliott-Wave