I've found a pdf document which apparently is the original Turtles trading rules
. I read through it yesterday and although there are similarities and one of the strategies is similar Vince does offer more than the one strategy in the material he sells.
The thing is I have no idea if the document I found is the original turtles rules or not. Even if it isn't it's a very interesting read.
I'm with you spread betting trader on when to pyramid. I think using my super trend strategy it's not hard to find a good trend(when they come along) but it's the pyramiding into a winning position where you start to make significant profits. Like Vince Stanzione says in his material "80% of your profit will come from 20% of your trades!"
The original turtles document has an interesting strategy of pyramiding winning positions. They add to a position when the price has risen by 0.5ATR(20). They use a 20day break out strategy (I can't remember where they place the stops).
Anyway read the original turtles document. It's very interesting especially for the likes of us technical traders.
I was going to write all this in a blog post but I don't think I'll bother now. I'm still working on my review of Vince Stanziones strategies
, along with adding the back tests that off the lip has done. All that with work and family, man I don't make life easy some times. Still I'll get there in the end.
May the markets be with you!
The Spread betting beginner