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Synergy CRS

  • #181
  • Jan 9, 2012 12:41am Jan 9, 2012 12:41am
i use standart accout 1:2 leverage 1pip 10 usd, i use 2 lot = 1 pip 20 usd =3000|usd
i only trade RG trades, this is my ratio, what are u thing mero ?

my Regular trades
T1-3
T2-2
T3-1

3-2-1 ratio, it not too big risk mero? for standart accout! or u got the idea for me ...
  • #182
  • Jan 9, 2012 2:17am Jan 9, 2012 2:17am
Quoting seqburn
i use standart accout 1:2 leverage 1pip 10 usd, i use 2 lot = 1 pip 20 usd =3000|usd
i only trade RG trades, this is my ratio, what are u thing mero ?

my Regular trades
T1-3
T2-2
T3-1

3-2-1 ratio, it not too big risk mero? for standart accout! or u got the idea for me ...
Not sure if I understand all you are saying there, but I do know that your position size should be governed by the STOP LOSS distance, which is different every day.

For instance, the EUR-USD today is 73 pips, if you have $3,000 account (?) and are using the 50% stop loss of Synergy (?) then your position size for 1 trade is 0.08 assuming a 2% of account risk.

Somehow I feel that you are risking way too much...
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It takes a lot for me to IGNORE you, but you can try.
  • #183
  • Jan 9, 2012 2:20am Jan 9, 2012 2:20am
Quote
i use standart accout 1:2 leverage 1pip 10 usd, i use 2 lot = 1 pip 20 usd =3000|usd
i only trade RG trades, this is my ratio, what are u thing mero ?

my Regular trades
T1-3
T2-2
T3-1

3-2-1 ratio, it not too big risk mero? for standart accout! or u got the idea for me ...
If you only want to do Regular trades, that's up to you. With regards to your lot sizes and ratio, it also depends on the size of your account and if you are increasing the lots on a loss which you haven't mentioned either.
  • #184
  • Jan 9, 2012 2:33am Jan 9, 2012 2:33am
Hi Mer and Erebus,

I am watching this..maybe we can evaluate together ( not mean to break mer's rule ) ...:

Regular Trend
SELL
Daily Opening Price below 50 Daily Fib
ADR High below 50 Fibo
*** should be clear rejection to the upside level first at least by 30 M TF
Place an order below daily open

SL : 10 % of ADR + 50 Daily Fib

TP : ADR low or Max TP of bear ( choose the closer one )

BUY

Daily Opening Price above 50 Daily Fib
ADR Low above 50 Fibo
*** should be clear rejection to the downside level first at least by 30 M TF
Place and order above daily open

SL : 50 Daily Fib - 10 % of ADR

TP : ADR HIGH or Max TP of Bull ( choose the closer one )


IF ADR-HIGH above 50 daily fibo AND ADR-LOW below 50 daily fibo : sideways /ranging >>> no trade
not euphoria follower
  • #185
  • Jan 9, 2012 6:30am Jan 9, 2012 6:30am
usually, I make trade in long period 1 week or 2 week 4H chart or 1day chart, try to settle in with this technique (synergy). baythe way thanks a lot mero n erebus.
  • #186
  • Jan 9, 2012 3:06pm Jan 9, 2012 3:06pm
Just updating everyone, it looks like I will have no trades triggered today as our uptrend was quietly stopped twice by the ADR high (thanks for the indicator Erebus ). And with only an hour to go for the day, odds are we won't see a big surge to put us into a trade.
  • #187
  • Jan 9, 2012 8:19pm Jan 9, 2012 8:19pm
Quoting mer071898
Just updating everyone, it looks like I will have no trades triggered today as our uptrend was quietly stopped twice by the ADR high (thanks for the indicator Erebus ). And with only an hour to go for the day, odds are we won't see a big surge to put us into a trade.

I think the ADR is good to be indicative of the day trading range and keep our target expectations within reach. After, we need to know our trade initial stop loss (R) and with this ADR, we can plan our target in multiple of the R.

Question I have for Erebus is :
How is the 'ARD start' determined?
looks like it is the start of day label GMT0000 but do no have a specific price level. Is this correct.

Thanks!
Have a great trading day everyone.
  • #188
  • Jan 9, 2012 8:27pm Jan 9, 2012 8:27pm
Well, yesterday was a Monday as usual and there were gaps to fill.
USD weakness gave some pairs early rallies during Asian session and died down when Euro session opened.

Today may be good opportunity for EU and GU to break yesterday's high and also its weekly pivot region. Good time to trade Synergy CRS.

AU and NU already broke high during Asian session, so let's see how far it can go later when FFM &London open

regards,
  • #189
  • Jan 9, 2012 11:22pm Jan 9, 2012 11:22pm
vtayha, welcome to the thread. I appreciate the interest, but understand that the ADR indicator is not an original part of the strategy. I added it to post #1 as a courtesy to Erebus because it shows merit and will be evaluated to see if it will be integrated into the strategy completely. I would appreciate any questions about the indicator to be directed to Erebus through PM's or e-mail, thank you.

In the meantime, long Regular and Scalp trades were initiated and the Scalp trade has already closed in profit before I even had time to post this. CT pending orders are set as well. I will be watching this to see if we get any more Scalp opportunities.
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  • #190
  • Jan 10, 2012 12:41am Jan 10, 2012 12:41am
Quoting mer071898
vtayha, welcome to the thread. I appreciate the interest, but understand that the ADR indicator is not an original part of the strategy. I added it to post #1 as a courtesy to Erebus because it shows merit and will be evaluated to see if it will be integrated into the strategy completely. I would appreciate any questions about the indicator to be directed to Erebus through PM's or e-mail, thank you.

In the meantime, long Regular and Scalp trades were initiated and the Scalp trade has already closed in profit before I even had time to post this....
Hi Mer,
my apologies. will comply.

I got my EURUSD and USDCHF RT trades open. Now got to manage these trades.
Hopefully SNB Hidlebrand resignation will not cause any knee-jerk market reaction.
Good Trading!
  • #191
  • Jan 10, 2012 1:23am Jan 10, 2012 1:23am
Quote
Hi Mer,
my apologies. will comply.

I got my EURUSD and USDCHF RT trades open. Now got to manage these trades.
Hopefully SNB Hidlebrand resignation will not cause any knee-jerk market reaction.
Good Trading!

No problem, I just need to keep the thread on focus to the original strategy as we all know how quickly they can get off topic. I'm sure Erebus will be more than happy to answer all your questions.
  • #192
  • Jan 10, 2012 5:26am Jan 10, 2012 5:26am
Been out most of the day; I see 4 well behaved charts today, AUD-USD, EUR-AUD, GBP-AUD & USD-CAD, you can see for yourself.

I am in GBP-AUD and EUR-AUD with other system, also using breakout below low but different timeframe and bigger targets.

Good Synergy trade(s) on this chart,depend on how you play it, my trade still going with trailing stop, with the trend.

Away tomorrow except for early Asian session and then back aroung London Open, good trades to all.
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It takes a lot for me to IGNORE you, but you can try.
  • #193
  • Jan 10, 2012 4:52pm Jan 10, 2012 4:52pm
Just had a quick look at the Aussie SPI 200 Index for yesterday, might have to watch this for a few weeks... could be easy pickings if the stock markets develop a trend in 2012
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It takes a lot for me to IGNORE you, but you can try.
  • #194
  • Jan 11, 2012 11:50am Jan 11, 2012 11:50am
Well, after a very disappointing night, I have decided to rethink my entries as it is very clear that the Scalp trades are going to be a nightmare to manage without an EA. Plus, it seems that with spreads and slippage and the quick whipsawing, my account is going to keep taking hits by trading them. I missed several good Scalp entries and the ones I did manage to get in, the majority ended up being losers. This is taking a lot more screen time than even I would have thought, even with using alerts, so I will be making some changes.

So as of today, I will only be taking Regular and Counter Trend trades only. To make up for the losses, I will be placing 2 Regular Trades of .01 lots targeting the 123.6 and 138.2 levels. Counter Trend trades will be raised accordingly to .08, .04, & .02 lots to recoup Regular Trade losses. With the leverage and account size, I should have no issues.

I will also be evaluating the ADR indicator that Erebus has posted and will adjust my trade placement according to where the ADR high and low values lie on the chart (I've already added it in post #1). There may be a possibility of taking a Counter Trend trade off of the ADR high or low, but that will have to be visually forward tested first. I hope I'm not throwing everyone off, but that is why we test things out and make the proper changes. You can't tell if thing are going to work on a live account until you try it.
  • #195
  • Jan 11, 2012 12:38pm Jan 11, 2012 12:38pm
Mer, why waste your time trying out unproven techniques when you've already got a winning strategy?
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To improve is to change. To perfect, is to change often.
  • #196
  • Jan 11, 2012 3:24pm Jan 11, 2012 3:24pm
Looks like some pips to be made, too bad for me, I have things to do today and can not stay with my screen

Note the range on GBP-USD, 182 while the 180 day average is 141, huge day for sure.
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It takes a lot for me to IGNORE you, but you can try.
  • #197
  • Jan 11, 2012 5:21pm Jan 11, 2012 5:21pm
Quoting mer071898
Well, after a very disappointing night, I have decided to rethink my entries as it is very clear that the Scalp trades are going to be a nightmare to manage without an EA. Plus, it seems that with spreads and slippage and the quick whipsawing, my account is going to keep taking hits by trading them. I missed several good Scalp entries and the ones I did manage to get in, the majority ended up being losers. This is taking a lot more screen time than even I would have thought, even with using alerts, so I will be making some changes.

So as of today,...
Will be better in next days, only trade all 4 pairs.
  • #198
  • Jan 11, 2012 5:24pm Jan 11, 2012 5:24pm
Quoting Erebus
Looks like some pips to be made, too bad for me, I have things to do today and can not stay with my screen

Note the range on GBP-USD, 182 while the 180 day average is 141, huge day for sure.
Good morning Erebus,
That was a great breakout day for GU. I manage to catch that after 2 days of waiting.
Now my trade is protected and wait to see if a new low for this week be made later. Considering the 100-weeks average of about 320pips, and the most recent 5-weeks range of 280pips, and taking 10 Jan high as this weeks' High, then there will some room down.

Have a good trading daya ahead!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #199
  • Jan 11, 2012 5:27pm Jan 11, 2012 5:27pm
Quoting forexhard
Mer, why waste your time trying out unproven techniques when you've already got a winning strategy?

Your strategy doesn't work and thread is abandoned. You are here only to disrespect mer's strategy and to advertise your thread. Shame on you, he vouched you.
  • #200
  • Jan 11, 2012 5:59pm Jan 11, 2012 5:59pm
Quote
Your strategy doesn't work and thread is abandoned. You are here only to disrespect mer's strategy and to advertise your thread. Shame on you, he vouched you.

I'm afraid his strategy does work and and I vouched for him out of respect as I've talked to him in person and know what he is about. You shouldn't judge others unless you know all the details.

Quote
Mer, why waste your time trying out unproven techniques when you've already got a winning strategy?

Don't worry, it doesn't mean I'm not using yours on a different account you know .
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