The pin dip is an effective way to do dips even if you don't have a dip station. As a bonus, it beats the standard dip when you're looking to build the traps, target the front delts, or get more work on your triceps. The wide grip also changes the angle to stimulate new chest growth.
The Pin Dip
Set up in the rack with the pins a little higher than your waist. Go straight down on your dips. You know you're doing it correctly when you feel it in your traps.
Over the last few years it seems that just about every "in the know" performance coach has discussed the conjugate method and why they find it to be the most effective way to train an athlete. By now I think we all know the definition of conjugate or concurrent periodization and how it involves simultaneously trying to raise multiple qualities.