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Attachments: My Synergy Strategy
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My Synergy Strategy

New setup for buy. My first trade of the day. I am buying.
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Hi
can any one add buy and sell arrows along with resistance and support levels and make it more beautiful?
Quoting pixleboy
Today’s NY trades. 1 win 1 loss but profit was secured. Thanks trader3690 {image}
Nice. You are welcome. Yes that is it. Profit should be more. No need to scared of losses then. Cheers. Keep it up.
Quoting nmiskitha
{image} just after .......... it's XAU/USD, so i finish trading for today... {image}
well done! Good to see it work on gold too.
Quoting Blackeagle
{quote} You wrote on Post #166 "The candles must be above or below the two yellow band lines. if candles are inside the two yellow lines we don't trade." On GBPUSD chart, no.2 and no.4 trades you indicated are inside the bands. Can you please explain why they are valid setups? Regards, Blackeagle
Are you referring to this? this is the one i posted on gbpusd. The candles are clearly above and below the yellow bands.
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Quoting synt
{quote} hello there, is there any other confirmation for taking the trade? aside from waiting the candle to turn blue/red & vice versa
I do not use any other confirmation. Adding more indicators will just make it confusing and more complicated. What you can do is trade during London/NY sessions overlap to get volatility. That way you will avoid small sideways movements. I trade twice in a day on this strategy only. Win or loss both are welcome. Overall profits are more so i am happy to keep it this way.
Quoting dokopy
{quote} I don't understand this sentence well yet: 2. See screenshot attached. Rule is to keep SL at last low. keep few pips lower as broker hint Stop Loss. My broker does not restrict SL in any way. What SL size should I choose? Should I move the SL after the price shift so that the Stop Loss is still the same? Without an SL shift, the results are unflattering. {image}
Firstly, taking so many pairs will lead to a loss surely as any pair can go sideways or be choppy giving multiple losses. I only use Eurusd.
Secondly, SL is your choice keep it at last low or move it into profits at breakeven after price moves in your direction.

What you mean SL shift? if it works for you do it.
With that spike if a red candle forms will take sell trade on this new setup. Buy trade will be closed.
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Nice call trader3690 I am watching and waiting for the close on the EU M15. I was looking at gold as well but the candle is too large. I think I will pass on it for today.
Quoting trader3690
With that spike if a red candle forms will take sell trade on this new setup. Buy trade will be closed. {image}
Hi trader3690, thanks for sharing, how long have you been using this strategy ?
Both trades SL hit. Done for today.
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Made good profits on other account on other strategy though. Will start a thread on that too...very soon...
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Quoting whitefox
{quote} Hi trader3690, thanks for sharing, how long have you been using this strategy ?
I have been using synergy method for few years now. I have multiple accounts working on all different strategies. This particular strategy I have developed few weeks back not used much. I am forward testing now. Back test looks good.
Looking at yesterday and today setups, keeping buy trades open till SL would have made both winners. I am going to stick to taking reversal setup for few days and see if it is better to keep trade open till SL is hit. Also SL can be moved into profits at breakeven once price moves in your direction but that may take away some good pips.
[quote=Both trades SL hit. Done for today. [/quote]

It's the nature of this business, when i loss, i'm just trying to cover the loss before collect the profit.
Quoting trader3690
{quote} Firstly, taking so many pairs will lead to a loss surely as any pair can go sideways or be choppy giving multiple losses. I only use Eurusd. Secondly, SL is your choice keep it at last low or move it into profits at breakeven after price moves in your direction. What you mean SL shift? if it works for you do it.
I wonder exactly how you use SL in this system. Is it some form of Trailing Stop Loss?
Please excuse the bad English via Google Translate.
I was able to squeeze out a small profit for today. Still managed losses and risk.
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Quoting trader3690
Both trades SL hit. Done for today. {image}
The EURUSD currency pair was choppy since morning. I managed to get some small profits out of it and a loss too. Bummer! Tomorrow should be better.
Quoting haamidfx
{quote} By the time the currency strength shows favor of direction it might be too late. Follow the rules its and don't let that distract you.
Yes, u got a point there, its basicly just another indicator and all indicators do lag, but i have been using it to get a rough idea which is the stronger currency and which is the weaker.

For example, if eur is weaker compared to the usd, I will only take short signals(each time it makes correction) and ignore the long signals and it is actually working for me.
Quoting nmiskitha
{quote} It's the nature of this business, when i loss, i'm just trying to cover the loss before collect the profit.
Yes it is very hard to control but over time one can learn to be more disciplined. Just need follow plan strictly.
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