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Attachments: My Synergy Strategy
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My Synergy Strategy

  • #221
  • Jun 8, 2021 3:54am Jun 8, 2021 3:54am
New setup for buy. My first trade of the day. I am buying.
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  • #222
  • Jun 8, 2021 5:12am Jun 8, 2021 5:12am
Hi
can any one add buy and sell arrows along with resistance and support levels and make it more beautiful?
  • #223
  • Jun 8, 2021 5:16am Jun 8, 2021 5:16am
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.
  • #224
  • Jun 8, 2021 5:20am Jun 8, 2021 5:20am
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.
  • #225
  • Jun 8, 2021 5:24am Jun 8, 2021 5:24am
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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  • #226
  • Jun 8, 2021 5:29am Jun 8, 2021 5:29am
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.
  • #227
  • Jun 8, 2021 5:33am Jun 8, 2021 5:33am
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.
  • #228
  • Jun 8, 2021 7:50am Jun 8, 2021 7:50am
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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  • #229
  • Jun 8, 2021 7:52am Jun 8, 2021 7:52am
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.
  • #230
  • Jun 8, 2021 8:08am Jun 8, 2021 8:08am
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 ?
  • #231
  • Jun 8, 2021 9:45am Jun 8, 2021 9:45am
Both trades SL hit. Done for today.
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  • #232
  • Jun 8, 2021 9:47am Jun 8, 2021 9:47am
Made good profits on other account on other strategy though. Will start a thread on that too...very soon...
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  • #233
  • Jun 8, 2021 9:51am Jun 8, 2021 9:51am
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.
  • #234
  • Jun 8, 2021 9:54am Jun 8, 2021 9:54am
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.
  • #235
  • Jun 8, 2021 10:54am Jun 8, 2021 10:54am
[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.
  • #236
  • Jun 8, 2021 11:12am Jun 8, 2021 11:12am
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.
  • #237
  • Jun 8, 2021 11:52am Jun 8, 2021 11:52am
I was able to squeeze out a small profit for today. Still managed losses and risk.
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  • #238
  • Jun 8, 2021 12:02pm Jun 8, 2021 12:02pm
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.
  • #239
  • Jun 8, 2021 12:20pm Jun 8, 2021 12:20pm
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.
  • #240
  • Jun 8, 2021 1:25pm Jun 8, 2021 1:25pm
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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