Trading Made Simple

Very interesting system. No more activity here?

I would think people are still using this method. I was very hesitant on using this method on 4 hr charts and stubbornly stood my ground and traded only the 15 minute charts. Which, in itself, is not a bad thing because I've been profitable on the 15 minute charts, but the London session opens for me at 3 am EST, and I was finding it very difficult to wake up day after day to wait and watch. I wish I could go back in time to actually use this system on the 4 hr charts.

On the 4 hr charts, this is exactly as the thread says. This is truly trading made simple. Not to mention, there are a lot less fakeouts on the 4 hr charts.

I don't know if this thread is dead, but for myself, I know this system is still valid and I'm actively using it.

I am highly distrustful of basing trading system on a lagging indicator turning up or down etc considering inventor of the TDI does not even use it in his own trading.
Forums are full of people claiming lot of things without proofing,backing real account data.
Learn about S/R Fibs and you will be fine.
System does not consider News.Lot happens in forex and your TDI up can turn into 200pip loss because you traded mechanically instead of overall holistic approach.

I was wondering on what you based the statement "considering inventor of the TDI does not even use it in his own trading" ? I was in his open free trading room last week, and he was using still using his Traders Dynamic Index then. Yes he is now promoting a pay for use version with SL & TP levels built in, but the signals are still generated by the same free indicator.

I read several traders who took his paid program and came away disjointed
many complained that DM was not using TDI furthermore he was trading mini tiny lots.
Its obvious DM is not a trader and he makes money recruiting newbies looking for wholly grail.
Real trader trades with real money with real results demonstrating why people should pay to learn his method.

Examples are many but worth reading this.

"OK! Some background on me first - so you know where I am coming from.

I am a forex trader with 18 months experience. I am happy to tell you that I am STILL struggling to become CONSISTENTLY profitable. I know an awful lot about technical analysis and price action. I have been in several live rooms, only to eventually find out that the presenter is a scam merchant and FAR from being a trader.

Dean Malone/Compass FX seem to have a VERY good reputation. My research lead me to have nothing but respect for the guy. The basic Synergy system seems good. So, I thought I would give them a go.

This is some feedback on my findings.

First off, here are the costs:

$497 to buy Advanced Synergy 2 plus $97 per month subscription.

$97 per month subscription to the live room.

Interestingly, if you go to this link: https://www.synergyforex.com/store/p...gy-2.0-Special Advanced Synergy is available for $97!!! [watch that link disappear pretty quickly!!]

Advanced Synergy includes the standard Synergy indicators, plus a further SEVEN indicators. These are:

Dynamic Support & Resistance
Volatility
Range Factor
Continuation
Synergy Trade Signal
Synergy MTF Indicator
Synergy Trade Targets

You download and install the indicators to your MT4 platform. Interestingly, they are all set to "allow dll imports" which means they are obviously sending bits of code back to Dean Malone/Compass FX.

Then you watch a large number of videos which are in the Advanced Synergy Member area. The videos are comprehensive insofar as they give LOTS of details on the indicators, but there is nothing which explains how to bring them all together into one cohesive trading strategy with fixed entry and exit criteria. Stop loss placement is never discussed!

So far, not great, but certainly not particularly bad.

OK. Into the live room.

This is where it all falls apart pretty quickly I'm afraid!

Of all the custom Advanced Synergy indicators, Dean only uses the Synergy Trade Signal and Volatility!! The others are nowhere to be seen on his charts [admittedly, the Synergy Trade Signal IS looking at the other indicators before signalling an entry].

Right, so, into the live room proper.

Dean starts the session by drawing in horizontal support and resistance lines. If price breaks support, look for shorts, if it breaks resistance, look for longs, we are told.

No explanation is given for why these levels are selected.

Then he starts looking at fib levels, 1-2-3 patterns, [very dubious looking] head and shoulder patterns and saying things like "if price gets to such and such a level, expect it to reverse, or break through and go to such and such a level."

In one particular session, he also talked about Cable having potential to the downside all day, and then right at the end [just as Cable was pushing up], he had the brass neck to say that "look folks! I told you GBPUSD would break this level and head up!"

Well, I'm not being funny, but even I could do that!! It's almost as good as saying price could go up or price could go down!!

During my entire time in the live room, NEVER did Dean refer to an Advanced Synergy entry.

Neither did he call his trades in advance.

In one particular instance, he said “I just got 10 pips out of that.” I queried him on it because it was a news spike and he traded GBPJPY without a stop loss!! He said he saw it “pop” and he jumped on it for 10 pips!!

I said that was a very risky strategy long term, trading news spikes on THE most volatile pair, without a stop loss, and he actually agreed with me!!! But he reckoned his “experience” allowed him to do it!

But the point here is, in fact, SEVERAL points here are:

1. He doesn't call trades before/as he takes them. Details are only given afterwards. The usual live room excuse of “we are not a signal service” is rolled out. Well, I'm sorry, but this is not acceptable!! People join a live room to SEE how a professional trader takes his trades, with details of WHY he is thinking of entering, where his stop will go, and what his exit strategy is. Without this information, how can they learn!?

2. The MT4 platform which Dean shares with us is NOT the one he trades on. We can't see entry/stop/target levels on the charts. Why?

3. Whichever platform Dean DOES trade on, he only trades MINI lots!! WHY??? If you were being cynical, it would be because you would get your calculator out and think.......... hmmmmmmmm... 280 people in the live room. They have each paid $97 a month for the Advanced Synergy indicators and $97 a month for the live room. My maths says that equals over $54,000 a month. Maybe THAT explains why he doesn't actually TRADE?

4. Dean DOESN'T call his trades in advance. If people don't even know he's entering, how can they learn?

5. Dean DOESN'T trade a large account. WHY? I'd love to see him opening up a position with 50 full lots -� and I'm sure everyone else would too!

6. If Dean is such a great trader, why isn't he with an ECN Broker, instead of messing about with Compass FX? I'll tell you why! Because, Compass FX are a retail broker. They trade AGAINST you - the retail trader!! You think there is another trader on the other side of your trade? THINK AGAIN!! You are trading against your broker - who has the power to manipulate price data to your charts, and spreads, and slippage etc etc...........

7. Dean DOESN'T even trade Advanced Synergy or even BASIC Synergy for that matter? WHY? Because I have looked at it and seen how many false signals it generates!!! THAT'S why!!

8. Dean trades without stop losses or targets. How do I know? Well, most of his trades produce a profit of less than 10 pips. MANY of them are as low as 2 or 3 pips. Didn't know Advanced Synergy 2.0 was a scalping strategy? Well, you do now!! [although, like I said, he doesn't actually trade Advanced Synergy!!]

One of many things I found amazing was that Dean obviously has a Bloomberg feed and just seems to keep quoting it ad nauseum!! I got the impression that he is more of a fundamental trader than a technical one!!

I believe that because Dean comes across as a "nice guy"� he uses a psychological "transference" whereby no-one in the live room wants to upset him. 95% [newbies] of people in the live room must be sitting there TOTALLY confused, but thinking they must stick it out in order to learn what is going on.

The other 5% can see it for what it really is! A SCAM!! Dean Malone is not a trader! Why would you bother RISKING money, when you can earn over $50,000 a MONTH by running a live room in which you DON'T call out your trades before the event?

The whole setup is designed to get new traders involved and confuse them, to the point where they believe that Dean is a good, knowlegeable guy who they don't really understand what he's saying, but that they want to learn from, so that they DO understand!!

And every month that goes by, he collects nearly $200 from them!!

My message is simply this: Forex trading is, without question, one of the most [if not THE most] difficult endeavours a human being could ever undertake. THINK ABOUT THAT FOR A MINUTE!!! IT IS SOOOOO true, otherwise, you would not be reading this now!!

So, what's the best way of making money in forex? Open a live room and don't actually TEACH anyone anything!!!

You HAVE been warned!!!

I could go on and on and on about why this is a SCAM, but I think the above speaks for itself!!!http://www.forexpeacearmy.com/public/review/www.compassfx.com "

Fact is very few people make money on forex by having 10+indicators
That alone suggest the user does not understand S/R Fibs fundamentals even basic idea of a trend direction.
Most successful traders that I came across have basically clean charts.
food for thought.

If anyone made money using synergy TDI post your account results not demo live account

Out of 26 reports on that rating site you picked the only one star review. Most of the other 25 reviews were much more positive, more current, with an average of 4 stars (out of five). DM may not the worlds greatest forex trader, and his TDI indicator surely is not the Holy Grail, but scam is really harsh.

The whole indicators are lagging therefore worthless argument has been made all over this forum. Like "Ford vs Chevy", people pick their side and are unlikely to change their minds. Because it doesn't work for you does not necessarily mean it does not work. If you don't like it, don't use it, just that easy.

Be aware of false "reviews"
There are comments here at FF.
"I was a member of Dean Malone's trading room for a month, and I agree with everything you said. He doesn't use the Synergy method in his live trading room, and he usually will mention any stop loss or take profit. What it seems that he does most of the time is enter a trade and just hold on to the trade until it gets a few pips in profit -- no matter how long the trade takes. This is a dangerous thing, because what if the trade goes in the opposite direction and then he could be down hundreds of pips?

I also wondered as you did -- if Dean Malone is such a great trader, then why doesn't he only use mini-lots? And if the Synergy system is so great - as he claims - then WHY doesn't he use it in the live trading room? It just seems fishy to me.

I think it is as you said ... in that the bottom line is that he is making so much money from his subscribers that he doesn't need to risk any substantial money in his own live trading account. Trading services such as Dean Malone, Steve DeWitt, etc., they are all the same. They make their REAL money off of their naive subscribers and not from their actual trading account.


Topgun"

http://www.forexfactory.com/showthread.php?t=231780
Investigating further, compassfx is a broker, dean malone who runs the room is merely the marketing stooge who pulls people into the side show, to raise interest. once you sign up with the brokerage you are paying big ticket price for the performance.

This is nothing more than a marketing trick, the real money is made when you blow your account after being lured with the promise of an unbeatable signal service.

"I'd have to agree that I was totally unimpressed with the way the room was run when Dean was the trader. It was clearly a subscription collection machine and a marketing machine to sell their "premium" mentorship course etc."
You are 1000% (Yes One Thousand percent) correct on your analysis of Dean Malone Methods and machinations, so much so that I could have written this piece myself!

What is despicable in my experience is that in the FOREX TRADING ARENA there is so much need for Reputable and Valid education and Educators, which has left the BARN DOOR wide open for FAST BUCK MARKETERS , SHYSTERS and RIP OFF ARTISTS to separate the aspiring and WANNABE Forex trader from his hard earned money.

Dean Malone and HIS ADJUSTED TAKE PROFIT Method on TRADES THAT BLOW UP IN HIS FACE, is the MOST NOTABLE AND EGREGIOUS VIOLATION of Trading Profitably.

The SECOND WORST INFRACTION that come to mind ...is the TIME WASTED by aspiring traders Looking at SCAMMERS to show them the way to Profitability. It is a SAD SAD SAD Scene Indeed."

Just read the thread lot like it.Hardly a single case.

@Davit - what's your point?

- DM can't trade
- Indicators suck
- TDI sucks
- Overall criticism, where you quote "reviews" and claim at the same time web is full of fake reviews


Live and let live, man.


BR

Happy trading.
Sent me PM when you are in profit using Synergy TDI.One thing I despise is falsehood of any kind including false educators.
Comments were by members here at FF and these guys paid DM their hard earned money only to realize the guy is phoney as they come.
You got extra cash to burn then pay and experience it yourself.
Regards

Who said I'm using synergy TDI or follow Dan? I just don't feel the need to criticize something I potentially don't understand or master.

I am using normal regular TDI as confirmation only and it works for me. And if you'd care to investigate first, many traders do. Here on FF. Other than that: follow PA first, all the rest is only confirmation.


BR

I know nothing in life that is rewarding is ever simple. I didn't purchase any system from Dean Mallone. I never went into a live room with him and I don't know anything about him.

All I said was that I have been using this system that Eelfranz posted for us for FREE. I've been struggling with it on the 15 minute charts. I have to admit that I'm not using the system AS described by Eelfranz, I've added a 200 ema, 20 ema, and support and resistance lines. Believe me, I understand support and resistance lines, as well as Fibs.. I'm just using the time frame that he uses and using the TDI as he does.

For me, PERSONALLY, switching to the 4 hr charts made a huge difference. Not to mention I am not going for 100 pip trades. My goal for each trade is only 10 - 20 pips, for 1% or 2% of my account, respectively. That is more than enough to help me achieve my financial goals. For me, this works.

My today`s trade, I entered when tdi bounced, +26

good

Short AUD/USD ??

And Short NZD/USD too. Am I right ??

yep this is the hard truth....

At 07:04 (cst/us) I shorted the $/Swiss @ .9438, sl @ .9457; 2 separate micros with one TP @.9403 & one @ .9365. 4H TF.

Feel free to comment. I remember that BigE prefers the 1H for the NY session but the 4H looks good so I'm in.

edit: 11/7 - This trade basically spent the day drifting sideways after mid morning so I closed it with -8 pips. Of course it went my way during the night but I usually get stopped out in the London session while asleep so I'm ok with minus 8.

hi new to this site.as any one posted a link to but Pivot Points . on your charts for you.