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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Pyramiding – A Money Management Strategy To Increase Profits

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By in Forex Trading Strategies Last updated on | 120 Comments

Traffic sign for Winners or Losers - business conceptIn today’s lesson I am going to teach you guys how to “trade with the market’s money”. That’s right, I am going to show you how to scale in or “pyramid” into a winning trade, without taking on more risk. This essentially means you will add to an open winning position without taking on more risk and possibly even creating a risk-free trade, all while dramatically increasing your potential profit. It’s not too good to be true, but there are certain times when scaling into a trade works better than others, which we will discuss in today’s lesson. (Note: scaling in is the same thing as adding to a position or pyramiding in)

You’ve probably heard the saying “Cut your losers short and let your winners run”, but how do you actually do that? Today’s Forex trading training lesson is going to teach you how to properly scale into an open trade that’s in profit, so that you get the most out of your winning trades. You probably know that many of the major Forex pairs have been trending quite nicely recently, if not, then check out my recent Forex market update to learn more. With all these strong trends that are taking place recently, I thought it would be good a idea to chuck out an article to you guys about how best to maximize your winning trades. So, let’s get started….

Note: When you finish reading today’s lesson, please leave me a comment and let me know if you found this information helpful!

How to safely scale in or “pyramid” into a winning trade

Note that I have “safely” in italics above, that’s because there are basically two ways that you can add to a winning open position:

1) The stupid way – Scaling into your position but not trailing your stop up or down to reduce risk on the previous position(s), thereby voluntarily taking on more risk (something you should NEVER do).

2) The smart way – Scaling into your position at predetermined levels and trailing your stop up or down each time you add a new position so that you never risk more than you are comfortable with losing, or more than what you have predetermined is a good 1R value for you (1R = the amount you risk per trade).

I am going to teach you guys how to safely pyramid into your trades today, but before we get started I need to stress one thing:

WARNING: Just because you can scale into an open position that is in profit doesn’t mean you SHOULD. There are certain times when the strategies you are about to learn will work well and certain times when they won’t. In general, you can try to scale into a winning position when a market is in a strong trend or during strong intra-day moves. You should not try scaling in when the market is range-bound or trending in a choppy manner with a lot of back and filling.

Now, because you are adding a new position each time your current trade moves a certain distance in your favor, your breakeven point on the whole position moves closer to the market price. This means the market doesn’t have to move as far to put you into negative territory. Now, this won’t be a problem if you have trailed your stop loss on the previous position(s) so that you maintain your overall 1R risk, but where traders get into trouble is scaling into positions and not moving their stop losses to reduce risk. If this all seems a little confusing right now I promise the diagrams below will clarify…

Example scenario:

Let’s say the EURUSD is trending lower like it has been recently. You see a solid pin bar entry strategy that formed showing rejection of the 1.2625 resistance level. You decide that since price has respected this level and it’s obviously a “key” level, it’s a good place to set your stop loss just above. So you decide to put your stop loss for the trade at 1.2650….we ALWAYS set our stop loss BEFORE deciding on a potential profit target. This is because risk management in Forex trading is the most important aspect of the whole thing…if you don’t properly manage your risk on EVERY trade you WILL NOT make money.

Next, there is no obvious / significant support that you can see until about 1.1900, so you decide to aim for a larger profit on this trade and see if the trend won’t run in your favor a bit. Your pre-defined risk on the trade is going to be $200, to keep the math simple let’s say you sold at 2 mini-lots at 1.2550; 100 pip stop loss x 2 mini-lots (1 mini-lot = $1 per pip) = $200 risk

You decide to aim for a risk reward of 1:3 on this trade, so you set your initial target at 1.2250 and you plan on adding two positions to this trade, 1 when you are up 100 pips and another when you’re up 200 pips. You plan on doing this because the market is trending strongly and you have decided based on your discretionary price action trading skills that there’s a good chance the trend will continue.

Here is a diagram of what your trade looks like at the beginning:

The trade pushes on in your favor and you decide to scale in with another 20k units at 1.2450. Your overall position size is now 40k or $4 per pip on the EURUSD, this increases your potential reward to $1,000 if price hits your target at 1.2250. Since you trailed down the stop on your initial position to 1.2550, that position is now at breakeven, the stop on your new position is also at 1.2550, meaning your overall risk on the trade stays the same at $200.

Next, the trade continues on in your favor and you decide to pyramid in with another 20k units at 1.2350. This means your overall position is at 60k or $6 per pip on the EURUSD. Your overall reward potential is now $1,200 if your target of 1.2250 gets hit; note that your reward is now double what it was when you started whilst your overall risk is now at $0 as you’ll see now…

You trail down the stops on both previous positions to 1.2450 thereby locking in a profit of $200 on the first position, reducing the second position to breakeven and offsetting the $200 risk on your new position to $0…you now have a breakeven trade. The catch here is that the market is only 100 pips from your breakeven point on the whole trade, so there’s a bigger potential of the whole position getting stopped at breakeven…the good part is you have increased your potential for profit without taking on any more risk.

The trade continues on in your favor and hits your target at 1.2250, all three positions are now closed and you’ve netted a 1:6 risk : reward. You never risked more than $200, which was your predefined 1R risk amount, and you gained $1,200. This is an example of how to take advantage of a strong trending market like we have seen recently in the EURUSD and other markets.

Why I don’t scale out

I am sure that some of you are probably wondering about scaling out. I am not going to get into it too deep in today’s lesson, but if you want to read a previous lesson I wrote that discusses scaling out, check out my article on forex trade management.

I will say this: I don’t scale out, and I don’t recommend you do either. But, obviously what you do in the markets is up to you, however, I will briefly explain to you why I personally believe scaling out makes no sense. When you scale out of a trade you take partial profits on your full position as the market moves in your favor. Sounds good on the surface right? Well, the problem with it is that you are limiting your gains on a winning trade. We want to maximize winning trades, not minimize them. What I am saying is that by scaling out you are purposely limiting a winning trade.

You see, when you scale out of a trade you are cutting down your position size as the trade becomes more profitable by moving further in your favor. What this means is that as the trade moves in your favor you’re going to be holding the smallest portion of your position at the MOST profitable part of the trade…doesn’t seem like the best way to let your winners run does it? Remember…trading is about maximizing your winning trades and limiting your losers…I only see scaling out as minimizing a winner, and THAT is why I don’t scale out.

I prefer to either take a predetermined 1:2 or 1:3 profit on a full position or IF the market is trending strongly like I discussed above in the diagrams, I will try to scale in. Either way I am not minimizing my winning trade like I would be if I were to scale out. So, to be clear, I either take profit on my full position at my predetermine target level, or I scale into a trade that’s in the context of a strong market trend….what I don’t ever voluntarily do is minimize a winner by scaling out!

Final word on adding to winners…

Finally, I just want to stress again that you should not try to scale into EVERY trade that goes into profit. You need to decide BEFORE you enter a trade if you think it has the potential to run in your favor; you need to decide before you enter if you are going to add positions to a trade by scaling in. You don’t want to leave anything to chance, and you want to make as many decisions as possible before you enter the market, since that’s when you’ll be the most objective and logical.

Take note of the EURUSD and some of the other major Fx pairs over the last 3 to 4 weeks (as of May 31st 2012)…these are the types of market conditions that give us good potential to try and add to a winning trade. Note that these market conditions don’t happen extremely often, but I wanted to teach you guys that you can add to a trade without taking on any more risk…and that was the point of today’s lesson. If you want to learn more about how I trade with simple price action strategies and my overall trading theory, check out my Forex trading course and members’ community.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Andre van Biljon December 29, 2016 at 7:46 pm

    Hi Nial. Thank you for the very informative article. Do you stay on the daily chart when watching for retracements to scale in on your position/s or do you move to the 4Hour chart (move between the daily and the 4Hour chart)?

    Reply
  2. siyanda July 9, 2016 at 3:43 am

    Congratulations on the competition.all your explanations are always on point and simple and easy to understand.im glad i subscribed to your newsletter ive grown so much as a trader from the day i started reading your trading course and newsletter.

    Reply
  3. subarmaniyam June 29, 2016 at 4:51 pm

    Great Info Nial, thank you for sharing. Wish you more success!

    Reply
  4. Mike Connors June 18, 2016 at 3:51 pm

    Thanks Nial. A great article on something I struggle to get right.
    Cheers Mike

    Reply
  5. Halldor Jonsson May 22, 2016 at 10:34 pm

    Congrats Nial on your awesome 369 % performance in the 3 month competition. Showed me how much I have yet to learn .I will keep trying though and today´s article is a road arrow in that direction.

    Your name Nial(in Icelandic: Njall) is also the same name that the leading figure in the most celebrated story in the Icelandic saga´s, the “Niala”(Njala), carried. This person was known for his intellect and gift of foresight and all his friends sought his advice on major matters. Even that was not enough since his enemies burned his house to the ground with him and all his family inside. Maybe you should read it.one day, even if it tells of distant events that happened over a thousand years ago. The author is not known but he could not have written this saga had he not had first hand knowledge of these events that took place in the tenth century in Iceland around the advent of Christianity and Leif´s Ericsson´s discovery of America in the year 1000 A.D.. I could try to get you an English version of this if it is not in your book store.

    Life in those days was not unlike trading. He who was better at risk management might survive when others might loose. You do carry the name Nial with full honours. I have enjoyed your lessons and I am always picking up bits and pieces in the articles. One day I hope I will become a better trader and then the lesson today will contribute to that.

    Reply
    • Nial Fuller May 24, 2016 at 12:45 am

      Humbled by the comments Halldor, thank you.

      Reply
  6. Julian May 22, 2016 at 8:13 am

    This was really cool Nail. Before My understanding was to take more trades to earn more. How can I earn more by taking less trades?

    Reply
  7. Ann Leng January 30, 2016 at 5:32 pm

    thank you, your explanation and diagrams are very clear

    Reply
  8. Khaled December 27, 2015 at 6:23 am

    Hey,Nial

    Great article as always

    Thanks…

    Reply
  9. Caroline April 16, 2015 at 12:33 pm

    Thanks Nial. You have a way of putting complex concept into bite sizes for people to understand. I am a recent member and really love your articles and your training video. Thanks!

    Reply
  10. Michael October 29, 2014 at 12:44 am

    Thanks Nial,
    Great lesson and has helped me see the overall “Edge” of scaling in when a Trending market/trade is identified
    Thank you again

    Reply
  11. Thein Oo July 24, 2014 at 2:43 am

    Good lesson.Helpful to new trader like me.Thanks

    Reply
  12. KIRAN July 21, 2014 at 3:36 am

    thank you sir you are a good forex teacher i liked all your articals so thank you for your effort s & take care

    Reply
  13. harpreet singh April 23, 2014 at 7:51 pm

    Thanks Nial. Wonderful artical

    Reply
  14. calvin January 18, 2014 at 9:38 pm

    thank you nial for a great lesson

    Reply
  15. arin collins January 4, 2014 at 9:13 pm

    Nial, this is a trading lesson that holds everything together. Thanks.

    Reply
  16. Farkad December 31, 2013 at 5:44 pm

    Dear Nail, Thanks for the very objective lesson.
    Actually the more I read and dip down into your trading lessons , the more I realize how it is important to back up your self with such useful ,great and highly skilled educational materials.
    Happy new year to you and to all our member community and hopefully 2014 will be great for all of us.
    CHEERS..
    FARKAD.

    Reply
  17. Victor October 13, 2013 at 2:37 am

    This article is very helpful. It gave me a clear understanding on how to scale in positions without increasing your risk.

    Reply
  18. Mimi October 1, 2013 at 3:46 pm

    Great topic for a video (hint, hint). And the last step for me to master. Thanks Nial.

    Reply
  19. kyaw September 15, 2013 at 5:53 pm

    Like it so much.

    Reply
  20. Gilles August 29, 2013 at 6:35 pm

    Loved that lesson really help full to reduce exposure and increase gain

    Reply
  21. Rizwan July 4, 2013 at 2:55 pm

    Thanks Nial for teaching such a good technique……i am newbie trader and love to learn…….Thanks

    Reply
  22. Leon May 25, 2013 at 2:02 pm

    Thank you so much coach. That is new skill which i would training hard. :)

    Reply
  23. Josh May 2, 2013 at 2:05 pm

    Very interesting! Never really thought about scaling out in this way… Always thought it was a way to “lock in profits”, but I can see the benefit of NOT doing it. Thanks for that!

    Reply
  24. Sherrod March 31, 2013 at 1:39 am

    This article was extremely helpful. I have heard of scaling in and out a number of occasions but didn’t know how nor did I have enough experience to try it. Now, with your easy to follow Pyramiding article, I can say that I understand the environment on which to scale in a position and no real reason to ever scale out of a position. Excellent…Many Thanks to you Nial.

    Reply
  25. Fauzi March 21, 2013 at 4:18 pm

    This is a very helpful article to me as I only scale in when a trade goes against me, but this Pyramiding article opens my eyes on how to properly adding position WITH the TREND not AGAINST the Trend. Thanks Nial

    Reply
  26. Norman February 8, 2013 at 10:06 am

    Hi Nial, Your information always very helpful, sincerely,thanks for that!

    Reply
  27. robert card January 24, 2013 at 6:44 pm

    I can’t tell you just how grateful I am that I came across your website. I am currently “pyramiding” a long term long position on the usd/jpy since the 80.00 level, then did another level at the 84.00 and just did a third “step” at 87.50… amazing!! I plan to do a fourth when i get a daily pinbar break above the 90.00!!

    Reply
  28. jusmijo January 8, 2013 at 11:56 am

    Thanks Niall!

    Reply
  29. Kosio December 17, 2012 at 3:55 pm

    This is the first article I find on the matter which makes crystal clear explanation. Bravo, Nial!

    Reply
  30. ponfa September 15, 2012 at 3:23 am

    the final jigsaw just fell into place. thanks nial, all the trading pieces are now complete. bravo! master

    Reply
  31. Aaron September 8, 2012 at 8:44 pm

    Pyramiding is about re-investing existing paper profits as you ride your winning trade.

    Each time you should reinvest less because leverage increases, so 75% should be a good number to aim for.

    Also use a trailing stop which is a no-brainer.

    Pyramiding = key to ammasing forex wealth
    A 21k trade could easily end up being 120k profit just by reinvesting your profits and adding positions every X pips. (determined by your trade and entry lots)

    Reply
  32. Tofilau August 29, 2012 at 8:42 am

    This is very helpful. easy to follow and understand. thanks for sharing this lesson

    Reply
  33. Kum August 25, 2012 at 11:16 pm

    Great article. Thank you for sharing your knowledge with us.

    Reply
  34. Lee August 6, 2012 at 11:08 pm

    Hey Nial,

    That’s great tutorial. I’m very new to trading and i would hope to learn more from you~!!!!

    Many Thanks,
    Lee

    Reply
  35. Sanjay August 6, 2012 at 8:57 pm

    very good information.
    I like it very much.

    Reply
  36. Alziechot July 31, 2012 at 2:57 am

    Great lesson and easy to follow too, thanks

    Reply
  37. ponfa longtau July 4, 2012 at 9:43 pm

    there is yet to be an incisive piece. nail, you did it again. thanks

    Reply
  38. Lanzo June 26, 2012 at 7:44 pm

    Great lesson indeed. But as I have been wounded several times in Fx market, I don’t think that I can scale now. I prefer take the smallest profit and get out of the trade.

    Reply
  39. Karen June 13, 2012 at 11:56 am

    Really love this article, easy to understand and you always seem to emphasise the common sense approach. Love it! K

    Reply
  40. al June 10, 2012 at 3:49 am

    thanks,will make more now than scaling out

    Reply
  41. jonathan June 8, 2012 at 8:04 am

    good one,Nial.i’ve yet to come across an article from you that was’nt great.you’ve helped me become a better trader.

    Reply
  42. Zat Bee June 8, 2012 at 5:03 am

    Nice Nial, but I will live this to the pros and continue keeping it simple as one of your article says.

    Reply
  43. Jim Foster June 6, 2012 at 7:24 pm

    Good article and very clear, thanks Nial!

    I think I will practice this technique on demo a few times first though.

    Reply
  44. Tonny Maodi June 5, 2012 at 12:25 am

    Great article as usual. Thanks

    Reply
  45. Alex June 4, 2012 at 10:50 pm

    Wise words Nial! Thanks for all your tips!

    Reply
  46. Griff June 4, 2012 at 8:43 pm

    Really helpful, Nial. Many thanks.

    Reply
  47. pat June 4, 2012 at 8:20 am

    Execllent Lesson Nial. Will take some time to master this.

    Reply
  48. martin June 4, 2012 at 7:12 am

    Hi Niall
    Great free info – will check this out real time

    Reply
  49. kotijett June 4, 2012 at 7:10 am

    Nice one thanks Nial.

    Reply
  50. Pete Jones June 4, 2012 at 4:55 am

    Great strategy! It would be very useful for the beginners!

    Reply
  51. Bill Johnson June 4, 2012 at 4:48 am

    Another fine article. The explanation is simple to follow and understand. I will practice scaling in and let you know how I progress.

    Reply
  52. Jaroslav June 4, 2012 at 4:17 am

    Hi Nial,
    thanks for this educative article. Regards Jaroslav

    Reply
  53. Janak June 4, 2012 at 3:31 am

    Hi Niel, thanks for this article. i have been breaking my head over adding on to winning trades since ages. I had success with this approach a couple of weeks back, but last week i made a loss with it. Now i realise its because i didnt maintain well thought out and proper stops. Your guidelines are a big help. Thanks :)

    Reply
  54. Britpip7 June 4, 2012 at 2:56 am

    Agree totally on the adding on to positions that show strong trends and break key levels. I have been using this more and more on forex with the day and H4 charts. Too many bozos are preaching scaling out which for me is a disaster zone.

    Cheers Nial – keep up the good work

    Reply
  55. Edward Santoso June 3, 2012 at 12:53 pm

    Great Lesson….

    Reply
  56. Charles June 3, 2012 at 7:23 am

    Good content as usual for inexperienced traders.One thing I could never understand is why would you scale out of a winning trade. I give you 10/10 for your course.It is absolute value for money. Regards Charles

    Reply
  57. slivester June 3, 2012 at 4:24 am

    Excellent – Thank you

    Reply
  58. Trader Mark June 3, 2012 at 3:38 am

    Great lesson once again. Thank you for your insights and willingness to share your knowledge with others.

    Reply
  59. Ioannis June 3, 2012 at 2:27 am

    OK, Nial.Great!

    Reply
  60. Arthur June 3, 2012 at 1:24 am

    Fantastic article, I found it to be very helpful..it really does show how to maximize a winning trade. Very simple and easy to understand. Thanks Nial!!!!

    Reply
  61. tyrone June 3, 2012 at 1:05 am

    As always a great article. thanks

    with ref to scaling out of a trade, i learn’t that by scaling out you reduce your cost position, should the trade go against you, but you only scale out at the next S/R depending on the direction S/L. What are your thoughts on this, i would be interested.

    As you have now become a good figure to follow in my trading career I was stuck for 2 yrs but then i came across price action. AMAZING, its’changed everything. Thank you nial.

    Reply
  62. hungbq June 3, 2012 at 12:03 am

    hi nial, thx for great article.
    i think your article good for trending market, but no effect for sideway market.
    so if i apply your method, i think i will add 10k at 1.2450 and 5k at 1.2350.that’s my idea.
    thx again.

    Reply
  63. Francois Cyr June 2, 2012 at 11:51 pm

    Great article, Nial. Enjoyed it very much, and very timely….I will take your advice to heart. Cheers.

    Reply
  64. Ramli M.S June 2, 2012 at 10:22 pm

    Thanks Nial,

    Enjoy very much your article.

    Great lesson

    Cheers

    Reply
  65. Glen June 2, 2012 at 8:17 pm

    Hi Nial,
    I’ve been trolling the internet for a while looking for decent fx education which doesn’t cost thousands of dollars, or costly subscriptions for mediocre strategies. I recently joined your site and have found that your articles and lessons have switched on the light and shown me the power of price action. Pyramiding your trades is another great concept for me to learn.
    Many thanks for providing a great place for newbies like myself to develope into experienced traders. GH

    Reply
  66. edmond June 2, 2012 at 7:48 pm

    woah!this is an interesting topic

    Reply
  67. Moses June 2, 2012 at 6:46 pm

    Thanx nial i find the lesson very educative on the current market conditions…

    Reply
  68. Jonas June 2, 2012 at 5:38 pm

    The above lesson is exactly how large sums of money are made by shrewd traders/investors and the times I have made the most money are due to pyramiding. Protecting profits is key and its such a good feeling when you are well up in a trade and you cant loose, with the trade still running in your favour. This is the beauty of trading. Money management can be exciting!

    Reply
  69. Anton June 2, 2012 at 5:36 pm

    Hi Nial,thx for another excellent educative article like many before. I like your teaching style.

    Reply
  70. Troy June 2, 2012 at 4:55 pm

    NICE! Will be looking to use this in some of the strong trends that are on at the moment.

    Reply
  71. Irfan June 2, 2012 at 4:44 pm

    Hi Nial,
    I Bought your course last week but Since I started Following your website, Am feeling totally changed my account with winning trades, and this great lesson can increase more, Thanks for your Efforts.

    Reply
  72. dev June 2, 2012 at 4:12 pm

    Nial Fuller, you are a genius and truly a wonderful instructor. Very lucid and clear article. You make it simple and easy to understand. I have been a member for 2 years now and recommend you strongly to all the sensible traders i know. By the way when is your seminar coming up please.

    Reply
  73. Frederik June 2, 2012 at 3:43 pm

    As always great lesson Nial with your price action I have had a 70% success rate over the last three months.
    I wish to echo a previous request to put this on video for us we are extremely lucky to have such a Mentor!!!

    Thanks again Nial

    Reply
  74. lee edwards June 2, 2012 at 2:32 pm

    thanks for last to lessons as well using your style platform seeing diffrent set ups from new york close and ema 21

    Reply
  75. Jose June 2, 2012 at 2:30 pm

    Great article Nial. You always convey useful information in a clear & concise manner.

    Reply
  76. ALex June 2, 2012 at 1:50 pm

    Really really helpful stuff, Nial. Thanks a lot!

    Reply
  77. lee edwards June 2, 2012 at 1:37 pm

    good lesson thanks nial

    Reply
  78. Lydia June 2, 2012 at 12:41 pm

    Yeah, this was helpful for me, Thanks Nial. Gives me confidence to NOT having to scale out of a trade for fear of loosing what I have gain. Now I know how to add on more trades and watch my risk managment. BIG Thanks.

    Reply
  79. Taylor June 2, 2012 at 12:04 pm

    Thank you Nial:
    This is the article just what I want.
    Besides,your personal suggestion is very practical because Keeping trades simple is the best policy.

    Reply
  80. Franco June 2, 2012 at 11:03 am

    Great Info and you make it easy to understand.
    Thanks.

    Reply
  81. Sam June 2, 2012 at 7:47 am

    This is great and well educating as it has always been.
    You changed my trading styles and I now believe forex trading is real. Since I started reading your trading lessons, I have not blown up my account unlike in the past. Good work!
    Thanks Nial.

    Reply
  82. bruno June 2, 2012 at 7:35 am

    gr8 article Nial, but i want to know, does one have to wait for a PA setup to occur b4 scalling-in? i mean, after the first setup, does one need to wait for another b4…?

    Reply
  83. david June 2, 2012 at 6:57 am

    thanks a lot

    Reply
  84. Dave June 2, 2012 at 4:30 am

    Great Lesson! Makes sense! It’s also important that you add to your winning trades and not to your losing trades in the hope that they’ll turn around and keep increasing your risk.

    Reply
  85. steve kroesing June 2, 2012 at 3:24 am

    thanks again nial

    Reply
  86. tompp June 2, 2012 at 3:16 am

    Outstanding!
    Thanks, Nial!

    Reply
  87. Manjula June 2, 2012 at 2:54 am

    Thank you for your valuable teachings Nial.Nice value added method for maximizing profit.

    Reply
  88. Tom June 2, 2012 at 2:52 am

    Fantastic info,! Thanks a lot Nial!

    Reply
  89. Jonnie June 2, 2012 at 1:59 am

    Very insightful piece Nial, as always brillaintly written and extremely useful.

    Reply
  90. Sipho Moganedi June 2, 2012 at 1:14 am

    I enjoyed the article. I don’t particularly like scaling in. The information on scaling out was helpful to me. I have scaled out on usd/jpy and reduced my profit by $34,000. I will never ever scale out in my trading life. I thought by scaling out I was reducing my risk but now I have realized I was minimizing my profits. This scaling out lesson will save me on future profits. Thank you very much!

    Reply
  91. PAUL June 2, 2012 at 1:13 am

    With this in mind now I believe the butterflies in my stomach wont haunt me in any way. I normally minimize my profits with early exits only to see it hit moments later. Your analysis is mostly perfect. Thank you so much guru.

    Reply
  92. RomNed June 2, 2012 at 12:30 am

    Excellent!
    Thank you Nial!

    Reply
  93. Justin June 2, 2012 at 12:28 am

    Not an just good plan,
    a great method and wonderful !

    Reply
  94. Keith(from england) June 1, 2012 at 11:44 pm

    Hey mate another great article. Since taking on your advice on daily chart affirmation i’ve totally changed my whole stategy. I’ve netted a 1:3 and 1:2 in my last 2 trades. I tried a trailing stop on my last trade and totally messed it up or it would have been 1:6! Maybe this could be your next article on the Metatrader?
    Thanks again.

    Reply
  95. Anthony June 1, 2012 at 11:09 pm

    Really amazingly clear, Nial, Thank you for sharing here!

    Reply
  96. Raymond June 1, 2012 at 11:04 pm

    Nial,
    I just recently bought your course and everything is starting to make sense to me. Price action is key. This was a very good article on pyramiding profits. Thank you for all the information you provide.

    Reply
  97. Toby June 1, 2012 at 10:28 pm

    Nial,

    As always, alot of great education. :)

    Thanks…..

    Reply
  98. hart June 1, 2012 at 10:26 pm

    Thanks Nial. How to scale in has always perplexed me. Your illustration has cleared some of my doubts.
    Also your thoughts on NOT scaling out has set me thinking.
    Because I normally take out half position when price has moved eqyuivalent to R1 in favour. Your comments have now set me to rethink about it.
    Thank you again for your thoughts and candid explanations.
    Have a good weekend.

    Reply
  99. Lionell Dixon June 1, 2012 at 10:26 pm

    Great lesson Nial! One request. If possible could you produce a video. Given a more vidual explaination to todays lesson? I believe many would benefit from it. As always thanks!

    Reply
  100. Jon June 1, 2012 at 9:37 pm

    That is another piece of brilliance .
    Thanks Mate !

    Reply
  101. swilen June 1, 2012 at 9:35 pm

    I liked it. Thanks, Neal!

    Reply
  102. Tom June 1, 2012 at 9:25 pm

    Very helpful. Thanks Nial

    Reply
  103. Fred.C June 1, 2012 at 9:22 pm

    Another great one Nial, thanks.

    Reply
  104. George June 1, 2012 at 9:15 pm

    Thanks for all your efforts Nials, great article.

    Reply
  105. pedrosy11 June 1, 2012 at 9:10 pm

    Amazing insight again to successful trading methology.You have been my saviour. Before i found your trading website i was confined to the 95% of lossers bin, but now i have the confidence and belief to be able to make money in Forex and the bottom line is precisely that and not just being successful. Thank you for inspiring me.
    Peter

    Reply
  106. Ladybug June 1, 2012 at 9:03 pm

    Finally! Now I understand what pyramiding in to a trade means and how to do it! You make things so easy to understand. Thank you for an excellent lesson on a subject that has puzzled me for ages.

    Reply
  107. Jide Daramola June 1, 2012 at 8:43 pm

    A nice and knowlegdeable article

    Reply
  108. Richard June 1, 2012 at 8:30 pm

    Truly a great method to maximize profit. I will definitely implement it into my trading. Thanks Nial.

    Reply
  109. uknowme June 1, 2012 at 8:23 pm

    Hi Nial,
    Thank you so much for this expository insight in to the inner-working of fx trade management.Am so obliged to your efforts,keep em’up.

    Reply
  110. Alfred June 1, 2012 at 8:23 pm

    The previous two say it all. What can be added? Thanks for this

    Reply
  111. Sean June 1, 2012 at 8:08 pm

    Hi Nial – this is very clever. I caught the inside bar / pin bar combination on the 28th May (thanks to all your brilliant instruction :) and entered short @ 1.2480. I gained 100 pips and then opted out cos it got a bit scary (only started with Forex in February this year).

    In the future, if I can see a pair trending strongly I’ll ignore my itchy feet and stay put until the winning trade has run it’s course. You’ve made this pretty basic – THANK YOU!

    Reply
  112. Ferry Lie June 1, 2012 at 8:04 pm

    Nice lesson Nial, thanks you very much

    Reply
  113. Kofi A. June 1, 2012 at 8:03 pm

    This is great. I need to invite you to Nairobi for some courses

    Reply
  114. mario June 1, 2012 at 7:52 pm

    Fantastic, you’re fx trader very professional!!!

    Reply
  115. Amio June 1, 2012 at 7:49 pm

    great article- what more does your full course contain?
    Does it have tips and exercises for people with psychological baggages?

    Reply
    • nial June 1, 2012 at 8:09 pm

      Amio, yes it does.

      Reply
  116. Kimbo4x June 1, 2012 at 7:34 pm

    Wow! great lesson. You are very generous with us!

    Reply
  117. Andrew Callen June 1, 2012 at 7:33 pm

    Excellent – Thank you

    Reply
  118. Nick June 1, 2012 at 7:20 pm

    Great article Neal,

    As a relative newcomer this is most valuable and as you say timely in these markets.

    Reply

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