Gann defined a pyramiding technique, which is adding more positions in the direction of the trend, as the market continues in the direction of the trend. The method states that,
if the trend is going up, you would buy your first position at the break of a swing high, putting your stop under the most recent swing low, then add another position at the break of the next swing high, with your stop on the whole position under the next most recent swing low, and continue doing this as the market advanced. Finally, the whole position would be stopped out at the major trend change.
The trend is down when there are lower swing tops after a swing bottom has been broken. The trend is up when there are higher swing bottoms after a swing top has been broken.
Is it possible to make a strategy for this technique?
Article found here
http://www.traderji.com/community/threa ... gann.1233/