Dean Malone Advanced Synergy

Dean Malone/Advanced Synergy Review
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Gt3rs
Dean Malone/Advanced Synergy Review OK! Some background on me first so you know where I am coming from.
Apr 15, 2010 6:40pm
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
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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 Im 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, Im not being funny, but even I could do that!! Its 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.
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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 doesnt 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, Im 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 cant 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 doesnt actually TRADE? 4. Dean DOESNT call his trades in advance. If people dont even know hes entering, how can they learn? 5. Dean DOESNT trade a large account. WHY? Id love to see him opening up a position with 50 full lots and Im sure everyone else would too! 6. If Dean is such a great trader, why isnt he with an ECN Broker, instead of messing about with Compass FX? Ill 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 DOESNT 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!!! THATS 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. Didnt know Advanced Synergy 2.0 was a scalping strategy? Well, you do now!! [although, like I said, he doesnt 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!!
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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 DONT 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 dont really understand what hes 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, whats the best way of making money in forex? Open a live room and dont 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!!! HAPPY TRADING!!!
Gt3rs
Message to mods. Apologies - would this thread be better suited to the commercial systems forum? Thanks, GT3RS
Apr 15, 2010 7:32pm
Topgun_1
Gt3rs,
Apr 15, 2010 8:38pm
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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
kon5t
Apr 16, 2010 5:03pm
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.
Topgun_1
Apr 17, 2010 1:30pm
In my previous post, I mistakenly wrote, "he usually will mention any stop loss or take profit." But what I MEANT to say was that, "he usually will NOT mention any stop loss or take profit." I'm sorry for any confusion. It seems after a certain period of time has psssed, Forex Factory will not let us edit our posts. That is why I haven't edited it.
Topgun
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Gt3rs
Thanks Topgun! I'd guessed it was a typo!!! Shame this thread isn't more visible. I have no axe to grind other than the fact that literally HUNDREDS of people are giving their money away and will not learn how to trade. It's immoral IMHO, and should be exposed. Thanks! GT3RS
Apr 17, 2010 1:51pm
ataata
18 weeks mentorship What about 18 week mentorship? Does anybody who attend it have opinion about it? I heard that there are very interesting pdfs from advance training, does anybody have it?
May 7, 2010 7:56am
Gt3rs
Quote: Originally Posted by ataata What about 18 week mentorship? Does anybody who attend it have opinion about it? I heard that there are very interesting pdfs from advance training, does anybody have it? Mate - I strongly recommend you DO NOT give your money to Dean Malone. Did you actually read about the experiences of myself and other people who have been in the live room!!??
May 7, 2010 9:17am
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Topgun_1
Quote: Originally Posted by Gt3rs Mate - I strongly recommend you DO NOT give your money to Dean Malone. Did you actually read about the experiences of myself and other people who have been in the live room!!?? Gt3rs,
May 9, 2010 11:56pm
Some people may just have to learn the hard way. It's like the line from one of my favorite old country songs: "Some fools never learn, if you play with the fire then you're gonna get burned." This is what will happen to anyone that fails to take the advice of those of us that know what Dean Malone is all about.
Topgun
Gt3rs
Quote: Originally Posted by Topgun_1 Gt3rs,
May 10, 2010 3:10am
Some people may just have to learn the hard way. It's like the line from one of my favorite old country songs: "Some fools never learn, if you play with the fire then you're gonna get burned." This is what will happen to anyone that fails to take the advice of those of us that know what Dean Malone is all about.
Topgun SO true! I just wish this thread was more visible so that people could see what it's all about BEFORE wasting money on it.....................
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eelfranz
Observation
May 10, 2010 9:28pm
Wow... a lot of hate in this thread... in fact it's smokin' to say the least. Boys... when you become a professional trader you can trade the way you please. Dean averages 50+ pips profit per day for a few hours trading and so do a lot of his members. His room is not designed to call out enter now or exit now calls. You'll never learn to trade that way. He trades mini lots because most traders trade mini lots. He gives you heads up on pairs ready to move... but it's up to you to pay attention and make the trade. He offers 100's of free archived videos to learn to trade the Synergy System. Dean is a very successful trader traveling and teaching over the world. Compassfx is the most honest company I've met in the forex industry and the owners and staff are heads and shoulders above any other company I've encountered in this industry. The free Traders Dynamic Index indicator is fabulous. Just today using it I entered a E/U trade, 4H chart, 2 Lots. Opened Short at 6:46 AM at 1.2933 and exited a 5:15 PM at 1.2770 (pacific Time). This indicator alone has made me thousands of dollars over the last several years when I found their site.... and it's free. Not real sure why your making these comments but my exposure to Compassfx and Dean Malone have been 110%. Just my observations and my 2 pips....
Gt3rs
Yes, Dean can indeed trade the way he pleases. But why does he SELL his Advanced Synergy strategy and then NOT actually trade it?
May 11, 2010 3:04am
You say you'll never learn if he just calls out the trades. Well, you sure as HELL won't learn if he doesn't show you WHEN/WHY he is entering, where his sl and tp are etc. He doesn't even actually explain the strategy he is using!! I don't know what it is, but it CLEARLY isn't Synergy! It's the easiest job in the world - retrospective trading. "Oh look guys! I just made 20 pips!"
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He trades minilots because most traders trade minilots!!! I have never laughed so much in all my life!!!! HILARIOUS!!! It's not even a real account!! I have no problem with Compass FX - apart from the fact that they use Dean to sign up new customers to empty their accounts in Compass's direction.......... If Dean is such a great trader, he would be trading a live account with much bigger position sizes. He would call his trades IN ADVANCE and explain his thinking so that everyone could LEARN. Hardly ANYONE in that room is making money consistently and they certainly aren't LEARNING anything from Dean. How can they when he only shows his trades AFTER the event and when they aren't even Synergy trades. Anyway, this is turning in to a rant! And I don't want that! I'm just trying to steer people away from a very credible and apparently well respected SCAM ARTIST............ Keep your eyes WIDE open people!! Quote: Originally Posted by eelfranz [font=Comic Sans MS][size=3][color=blue]Wow... a lot of hate in this thread... in fact it's smokin' to say the least....
Topgun_1
Quote:
May 12, 2010 12:40am
Originally Posted by Gt3rs Yes, Dean can indeed trade the way he pleases. But why does he SELL his Advanced Synergy strategy and then NOT actually trade it? You say you'll never learn if he just calls out the trades. Well, you sure as HELL won't learn if he doesn't show you WHEN/WHY he is entering, where his sl and tp are etc. He doesn't even actually explain the strategy he is using!! I don't know what it is, but it CLEARLY isn't Synergy! It's the easiest job in the world - retrospective trading. "Oh look guys! I just made 20 pips!"
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He trades minilots because most... Gt3rs, I couldn't of wrote a better response myself! Again, the million dollar question is -- WHY IS DEAN MALONE SELLING HIS "ADVANCED SYNERGY STRATEGY" BUT REFUSES TO ACTUALLY TRADE THAT SYSTEM IN HIS LIVE TRADING ROOM!??? It is a straightforward, simple question. I challenge Dean Malone to come here and give us an honest answer. However, I sincerely doubt we will ever see that day...
Topgun
aquaart
So far the BASIC system is good I came across his system in other forums... However, I have found his BASIC system to be well explained in one video. Very clear cut in my observations, and the video goes into great detail, duration is more than 1.5 hours. http://www.compassfx.com/synergy/webinar/Basic%20Synergy%20Method/Basic%20Synergy%20Method.html Fantastic.... However, will be checking its quality and accuracy at the end of this week.
Jul 18, 2010 3:27am
aquaart
Here is link with dozens of explanations on how Dean trades... http://www.compassfx.com/synergy/commentary.htm
Jul 18, 2010 6:02am
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aquaart
What i have noticed in the video examples . When pointing to the Heikin Ashi entry candle he may measure pip gains from the wrong end of the candle... LOL However, because the system uses Heikin Ashi candles, the close of the body of the HA candle still does not measure the entry accurately. Entry is often (on 5 min chart) more than 3 pip from the actual entry. 3 pip or more for short term traders can be significant. Positives: Impressed with the quality of the TDI indicator. Impressed with the variety and coverage of videos in the archive. Speaks with clarity on his videos.
Jul 22, 2010 11:17am
Negatives: In the video presentations he does not take into account that HA close is often different to real close, and therefore the actual quote that you enter on is different to how he measures it from the chart. This is especially important for low TF traders. .
Gt3rs
The biggest problem is that if you go in his live room, he doesn't actually trade Synergy!! He's a scam merchant. Plain and simple.
Jul 22, 2010 11:45am
Double A Ron
Jul 23, 2010 1:10pm
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. On that note, I have spent a few nights listening to the new guy. He seems like he might be a real trader but I haven't had enough time to evaluate. Once again they
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are offering a "mentorship" course with the new guy. Anybody have any opinions on him and the 3 day mentorship they are offering next week? The new guy seems better, but I still have a bad impression from before and I don't really want to feel ripped off.
TomaszG
Aug 8, 2010 6:51am
You mean the guy called Roonie? I did the 3 day mentoring season and it was actually very good. It expanded to 4 days, plus he did 2 additional small summary seasons. I have been a member of few live trading rooms before and I have to admit it was a big waste of time, I have been following incompetent people and trying convince myself that these is the right way to trade. The good thing is that the live trading room (not the mentoring) is free so you can still follow his trade and listen to his commentary which is really interesting. The reason for the room to be free is that he also manages accounts and by running this room he advertise himself and also try to gain on credibility, which is fair enough if you ask me.
jgadefelth
Aug 9, 2010 9:13am
I thout it was 2 different rooms one of dean and one of ronnie i have follow ronnie some and he seems like a real trader they only thing that bothers me is the pipcount sometimes he is in 2 procent sometimes 1 sometimes less sometimes he get out of a trade with half position this is not into the count of pips. Also it is more of a signal service i think it is little like shut up and watch him trade. It is free atleast it was when ui was there last time 2 weeks ago. but they are thinking of charge it 200-300 dollar a mounth. I have not seen the mentoring ????
when i try to go to the synergytrading advance i get up it is costing 495 i think and thereafter 97 dollar or something like that a mounth following dean. Is this not different this is costing, ronnies dont ?
someone give a link to the mentoring of ronnie and please tell me more about it.
i was verry close to sign up with dean but i found this thread and now im not so intrested it scared me. It is little sad i had high hope for dean malone.
best regards
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TomaszG
Yes, it is a different room that have nothing to do with Dean Malone.
Aug 10, 2010 5:04am
The mentoring season with Ronnie is now over but they said there will be another one at some stage. Originally it meant to be 3 days but because there was a technical problem in the first day (about 30min) he extended it to 4 days, he also made 3 follow up seasons on Saturdays. It is also possible to send him an email with email with questions. In each of these days he was going in to details of his trading system and why he is taking the trade, the whole thing took about 10-12 h per day, and about 2 hours for the follow up seasons on Saturdays. Personally Im happy with it, and believe its one of the better educational investments I made in a long time. Yes the pip count he gives on his result is for the full trade, he includes the exit with half position when stating the percentage gain/loss. Yes, they have been threatening with the charges, but I dont think that is going to happen. The guy he manages accounts and he is doing it pretty well. In the trading room there is about 680 everyday, which is 680 potential customers. It is a great way to show that you are competent and gain on credibility, especially when there are so many scammers these days.
Baifu
Quote:
Aug 16, 2010 12:24pm
Originally Posted by TomaszG Yes, they have been threatening with the charges, but I dont think that is going to happen. The guy he manages accounts and he is doing it pretty well. In the trading room there is about 680 everyday, which is 680 potential customers. It is a great way to show that you are competent and gain on credibility, especially when there are so many scammers these days. I think they have not started charging because the system is not performing since the promotion and start of trade room in the Compassfx regime (May or June?) I think they postpone charging waiting for better results to pull in more subscribers. They have earned some money selling MM software though This is their posted results: 2010 Trading Results Jan +5400 pips +10.8% Feb +2770 pips +5.54% Mar +5053 pips +18.06% April +2485 pips +36.3% May +1236 pips +11.25%
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June +370 pips +2.73% July +502 pips +3.00% Aug + 60 pips +0.48% Year To Date +88.7% There is a marked difference before and after the compassfx promotion (to be fair they said Jan-May results were also live trade room). My take: He enters late, often at overbought/oversold, and gets stopped out or he bails out just as the worse retrace is ending, I think it comes from relying on indicators and totally ignoring price action. They have not updated August results for a couple of days, if they do, August to date is either flat or very slightly negative. Just sharing some observations, not saying he is a bad trader - even master traders have flat or losing periods - his system does not day trade well in current market conditions, and he's been doing only day trades. BTW I was also in Dean Malone's free trade room for a month (was it last October?) and agree with the thread starter's observations. I did it after getting lots of emails about the xxxx pips Dean made month after month, for the month I watched the trade room result would be negative if open losing trades in GBPUSD were closed. These two are my only trade room experiences and it reinforces my feeling system/service for sale only benefit the seller. Just my opinion, don't want to argue nor care if folks want to spend money.
jgadefelth
Aug 16, 2010 12:47pm
Ronnie seems like a good trader the last 3 mounth they say is low volume people have wacation. Like i say before what troubles me most is the pip count you never now before when he is going to add to a posision or if he is going to sell half and get stoploss to be. They say ronnie have traded for 25 years and 11 years on forex. it is true they sell some software moneymanagement software i think.
About Dean i have no experience of him my self but this really dont sound good unfortenatly i had hoped everyone could say he is good anotuehr serious threadstarter here at FF say he traded in deans room for 4 years and feel dean is great. This bothers me because i only think good of the threadstarter here at FF and it seems little contradict to what people here say.
best regards
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nubchai
Sep 26, 2010 12:53am
I've been in Ronnie's trading room for about 2 months now. I took the first mentoring class and am now in the second mentoring class. First I think Ronnie is a legitimate trader. He knows his stuff. If you trade in the free room what you get are Ronnie's calls and commentary. He stresses thathe's a conservative trader and one of his goals is to reduce risk. So if one of his systems signals a potential trade he'll often wait for confirmation of a closing candle on a higher time frame. So as a result he does sometimes enter trades later than others might. When he gets a good trend trade though he manages it well. Closing partial positions lets him book some profits and also reduce risk. He relies a lot on fibs. All trades including SL and TP are posted in the scroll and they have a sound alarm to let you know a trade was taken. He's the first to admit that August was bad compared to other months. September is starting to pickup with more sustained trends. I think Ronnie knows how to trade trends very well. But in the flatter summer market he would have trades 10 or 20 pips in profit and they'd reverse. After that he finally started taking some partial profits on the shorter trades. Now all of that being said I think the mentoring sessions are exceptional . There's a separate mentoring room. You get Ronnie's templates and indicators including a really good trend indicator. So far he's covered a trend strategy, a fib strategy and a pretty good scalping/reversal system. There will be other strategies in future sessions. Each day after Europe exits and the NY session slows down,Ronnie reviews the trades of the day in the mentoring room. On Saturdays he starts out with a forecasting discussion for the EU that is really good. Then he covers the mentoring material. Saturday sessions are around 3 hours long. After a couple of weeks he'll spend 3 days or so in the mentoring room trading live. This is different than the other room because he can be more direct about which system he's using, what signals he sees etc. The end result of mentoring is you learn how to improve your trading and it really helps you to understand why Ronnie is taking trades. They started mentoring out as a 3-day class. But now each mentoring session lasts around a month. The charge for the first class was $295. For returning traders they gave a discounted price of $195. In my opinion this is extremely cheap for the value that you get. As far as the business model goes I think it makes sense. They have a good trader who can communicate well. The free room routinely has 500 people in it. If Ronnie starts booking pips like he did in the beginning of the year that's going to attract more people to the free room and to the mentoring sessions. As a result the free trading room will remain free imo. They're in business to make money but they're doing it in a transparent and ethical way. I don't know Dean Malone so I can't speak to his approach. But I think Ronnie's a legit trader and really does want people in his mentoring sessions to learn how to trade successfully. If there's one thing I don't like it's that the trading room is set up so that you can't see what other traders are typing. I can understand why they do that though. It helps to focus on trading. But I've never been in a trade room where they did that so it's hard to get used to. So that's my opinion. I don't think I can post links here if I remember the FF rules. But if you want to find the trade room you can. And if you ask in the scroll there's an admin named Kim who can answer any questions about mentoring. Good luck with your trading
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jgadefelth
Quote:
Sep 26, 2010 4:00am
Originally Posted by nubchai I've been in Ronnie's trading room for about 2 months now. I took the first mentoring class and am now in the second mentoring class....
Thanks intresting reading. The one thinkg i have little hard for is when he add to a position that goes against him or when he take partial profits. That is spoiling the pipcount and i dont see how mutch the pips are worth.
I had a trial with dean malone and im not so impressed you sit there and you get maybe some signals but it is not so clear. Also he can leave the room and then you dont know what to do with the open trades. He say he is not a signalservice that one shall learn to trade and learn others there it is more a community or something. Right now it dont feel right Ronnie is better but like i say i have hard time when he adds or takes from a position.
best regards
nubchai
Quote: Originally Posted by jgadefelth Thanks intresting reading....
Sep 26, 2010 9:33am
Yeah I get lost sometimes with his pip counts. When he's in a winning trade and takes partial profits he books "x" amount of pips and profit there. But then his system shows an adjusted (usually reduced) entry price for the remaining position. So that effects the profit calculation.
bstay2
there are 4 rooms at the CompassFX site, Room1(exclusive) - is for Dean/Blaine's mentoring or seminar sessions, teaching Advanced Synergy Method.
Oct 15, 2010 4:54am
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Room2(subscription) - covers 3hrs during european session with Blaine, and 3hrs during new york session with Dean. using Synergy indicator system. Room3(free) - is where Ronnie trades live during european and new york sessions. in listening-mode only as no charts are shown and no interaction with Ronnie. just shows his P&L live update, it's a $2.8million account. Room4(exclusive) - is where Ronnie moved to after ending the free sessions at Room3, and explains in detail with charts all the trades he took during the session. only for those who paid for his mentoring workshops. NOT using Synergy indicator system. Ronnie uses his own indicator system for 3 strategies: a trend-following strategy using moving averages, CCI, modified MACD. a reversal/scalping strategy using Slow Stochastic and Bollinger Band. a fibonacci strategy with his interpretation of "waves". he only teaches these indicators and strategies during his monthly mentoring workshops for a small fee, and you get access to Room4 for his daily wrap-ups discussions. You don't have to sign-up for anything to listen him in the free Room3, but if you at least know what indicators he is looking at, it will be easier to follow him. Ronnie trades on bar close, so it may seem he enters too late, especially after a wide bar. but it works fine because he will add on pullbacks if he had initial position on a wide bar. Dean and Blaine trades using the Synergy indicators. Blaine is much more truthful as he tells you his entries and why he enters the trade. during european session. Dean is much more elusive as you will NEVER hear his entries or exits during the 3hrs New York session, he will discuss the proprietary Synergy signals with the members, and when it is time to close the session, he will tell you he is UP "+120pips" on his open positions and he will "update the statistics for today". in this way he claims he booked his pips daily in front of members, but in actual fact he never told the room his entries and exits. on certain days where there were no setups during New York, he will close the session by saying he ALREADY got "+100pips" during earlier european session and will now book the pips for today. But we know Blaine ran the european session chatroom and Dean was no where seen trading that time, so how did he manage to claim +100pips "for today"? Anyway, Dean will always book 4-digit pips per month regardless of how he did it. Ronnie's free Room3 shows his P&L realtime update, so you can see when he opens a trade and when he closed his trade flat. he talks through the trade, but you don't see any charts. only those who paid for his mentoring workshops know what he is talking about when he said he entered on CCI or (modified) MACD signals, etc. but if you are experienced trader, you still can benefit from the free Room3 as he explains his thoughts about the market risk bias. it is not necessary to match his pips performance as he scalps, holds, adds, reduces, basket trades, using his own experience. this is not a signal service. but a place to LISTEN to a professional trader how he works his $2.8million account. stay away from anything that has "Dean" mentioned. his only source of revenue is selling the Synergy/Advanced Synergy Method indicator system. it appears Ronnie is an independent contractor that has no use of Dean/Blaine's Synergy indicators, and Ronnie trades in own way in front of live audience. of course, the staff makes some money through Ronnie's mentoring workshop sales.
fxgreek
Feb 10, 2011 12:54pm
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!
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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.
Quote: Originally Posted by Gt3rs 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...
bstay2
Mar 29, 2011 2:25am
Dean, Blaine, and Mark are now hosting the free Room3 from european session through US session. Now you will see how they trade live in front of chatroom audience. The room is currently free. As expected, before they even call a trade they will first say "had a good month, my account already up XXX% ....." just to impress you that they can trade. Yes, even before calling a trade. http://www.compassfx.com/forexsignals
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fxgreek
Quote:
Apr 1, 2011 3:18pm
Originally Posted by bstay2 Dean, Blaine, and Mark are now hosting the free Room3 from european session through US session. Now you will see how they trade live in front of chatroom audience. The room is currently free. As expected, before they even call a trade they will first say "had a good month, my account already up XXX% ....." just to impress you that they can trade. Yes, even before calling a trade. http://www.compassfx.com/forexsignals
I do not Know about Blaine.....But I can tell you Dean is a splinter Brain! If one wants to forget what they know regarding successfull trading they are well advised to join in. Dean has no concept of discipline, Does NOT Follow his own signals or recommendations, He takes trades and tells you after the fact that he is in or out of a position, he Hides as much as possible the losing positions, he takes scalsps one after another in multiple pairs, he shows few times the running total, and when after MUCH to do makes a total of 30 to 40 pips he quits. One should follow him fo awhile ...JUST to get a taste of HOW NOT to TRADE the Forex markets. Some people are destined to never learn..and that is Dean! ....and UNDER NO CIRCUMSTANCES EVER should one fork over a thin dime for his ADVANCED SYNERGY Drivel of trading system.
fxgreek
Quote:
Apr 1, 2011 3:24pm
Originally Posted by bstay2 there are 4 rooms at the CompassFX site, Room1(exclusive) - is for Dean/Blaine's mentoring or seminar sessions, teaching Advanced Synergy Method. Room2(subscription) - covers 3hrs during european session with Blaine, and 3hrs duri ng new york session with Dean. using Synergy indicator system. Room3(free) - is where Ronnie trades live during european and new york sessions. in listening-mode only as no charts are shown and no interaction with Ronnie. just shows his P&L live update, it's a $2.8million account. Room4(exclusive) - is where Ronnie moved...
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Good description of the facts....But I am not so High on Ronnie, though I must say is is the MOST HONEST of the bunch. Other wise you are SPOT ON!
bstay2
Quote: Originally Posted by fxgreek Good description of the facts....But I am not so High on Ronnie, though I must say i s is the MOST HONEST of the bunch. Other wise you are SPOT ON!
Apr 6, 2011 1:52am
fxgreek, have you been to the free Room3 this past week? like to hear your latest review on how they trade. i reserve my opinions as i've spoken too much already :-)
bstay2
how to trade forex 1 Attachment(s) this is how you trade forex,
Apr 8, 2011 12:25am
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CanuckCT
I have but one comment.....bring back Ronnie. Cheers CanuckCT
Apr 24, 2011 12:08pm
nubchai
Quote: Originally Posted by CanuckCT I have but one comment.....bring back Ronnie. Cheers CanuckCT
Apr 24, 2011 3:12pm
What happened to Ronnie? I haven't traded over there since January. Ronnie was not doing that well. But his trading was pretty transparent -open calls tracking etc.
fxgreek
Apr 25, 2011 8:42am
Supposedly RONIE is trading in a PAID SUBSCRIPTION Private trading Room. Dean Malone is a NICE GUY....BUT a Lousy Mentor/Lead trader, and He has his charts so convoluted it is IMPOSSIBLE to see the Price line! NOT TO mention HE DOES NOT FOLLOW HIS own INDICATORS or trades against his posted Overnight Levels! A HOPLESS MESS. CompassFx is trolling for subscribers to their IB Business. This is where FREE trading ROOM ...Is TOO expensive to your TIME and account balnce. Quote: Originally Posted by nubchai What happened to Ronnie? I haven't traded over there since January. Ronnie was not doing that well. But his trading was pretty transparent -open calls tracking etc.
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bstay2
Dean will be teaching a 3-days class starting this evening 8pmEST, see link.
Apr 25, 2011 9:04am
forexgirl10
Quote:
Apr 26, 2011 2:10pm
Originally Posted by fxgreek Supposedly RONIE is trading in a PAID SUBSCRIPTION Private trading Room. Dean Malone is a NICE GUY....BUT a Lousy Mentor/Lead trader, and He has his charts so convoluted it is IMPOSSIBLE to see the Price line! NOT TO mention HE DOES NOT FOLLOW HIS own INDICATORS or trades against his posted Overnight Levels! A HOPLESS MESS. CompassFx is trolling for subscribers to their IB Business. This is where FREE trading ROOM ...Is TOO expensive to your TIME and account balnce. I have been logging into their free room and have never been asked or told I needed to open an account with them. I have heard them say that to contact them if you have any questions on opening an account. Also, from what I was told Ronnie is no longer there at all.
DapperDan59
Ronnie is the REAL deal!!!
May 6, 2011 11:17am
Just wanted to ad my 2 pips of info.. Ronnie is now LIVE trading in a private room run with the server of OMNOVIA. He is the only REAL trader I have ever had the pleasure to interact with, AND his stuff works, I know because I invested in it. He is a VERY conservative trader, but he gets the results by being more patient than anyone. He has on going MENTORING programs for people who subscribe to the service... and he was making very good money for Compass but had a fall out with payment to him issues. I would suggest you grab his coat tails, and you will do well.
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jerryyap
Quote:
May 21, 2011 6:11pm
Originally Posted by DapperDan59 Just wanted to ad my 2 pips of info.. Ronnie is now LIVE trading in a private room run with the server of OMNOVIA. He is the only REAL trader I have ever had the pleasure to interact with, AND his stuff works, I know because I i nvested in it. He is a VERY conservative trader, but he gets the results by being more patient than anyone. He has on going MENTORING programs for people who subscribe to the service... and he was making very good money for Compass but had a fall out with payment to him issues. I would suggest you grab his coat tails,...
Where is the link to Ronnie trading methods?
bstay2
what do you think? http://www.compassfx.com/video/flash/52411/52411.html http://www.compassfx.com/video/flash/52611/52611.html
May 26, 2011 8:52pm
billi-on-air
Still with Ronnie !! Quote: Originally Posted by jerryyap Where is the link to Ronnie trading methods?
May 29, 2011 10:25am
Anyone wishing to get hold of Ronnie, he has his own room now and he has sole responsiblity now,no pressure,same strategies and still developing...join us on this link www.fxlivetrader.com or pm me to get his personal email/skype where he personally calls you to understand what your trading objectives are and gives you one on one anytime.
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Been a member since his 1st mentoring session till present...IT IS THE PLACE TO BE...if you're serious about being a successful trader. all the best, Itayi
bstay2
Quote:
May 31, 2011 12:48pm
Originally Posted by billi-on-air Anyone wishing to get hold of Ronnie, he has his own room now and he has sole responsiblity now,no pressure,same strategies and still developing...join us on this link www.fxlivetrader.com or pm me to get his personal email/skype where he personally calls you to understand what your trading objectives are and gives you one on one anytime. Been a member since his 1st mentoring session till present...IT IS THE PLACE TO BE...if you're serious about being a successful trader. all the best, Itayi
bstay2
He's doing quite well in the new place,
Jun 3, 2011 1:28pm
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bstay2
1 Attachment(s) Quote:
Jun 29, 2011 9:43am
Originally Posted by billi-on-air Anyone wishing to get hold of Ronnie, he has his own room now and he has sole responsiblity now,no pressure,same strategies and still developing...join us on this link www.fxlivetrader.com or pm me to get his personal email/skype where he personally calls you to understand what your trading objectives are and gives you one on one anytime. Been a member since his 1st mentoring session till present...IT IS THE PLACE TO BE...if you're serious about being a successful trader. all the best, Itayi Thanks for telling us his new room. He is doing very very well, and every trade is witnessed live by the attendees. No after-the-fact.
HankT
2 Attachment(s) Quote: Originally Posted by bstay2 this is how you trade forex, I see you changed your mind about Advanced Synergy 2.0? Last year you said its scam now you trading it
Oct 6, 2011 7:05am
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Just look at this chart and tell me how this system can not work??? Even a child can trade it and be profitable, some ppl will never make it tho no matter what systems, indis you give them. Those who cant be profitable with TDI indi should stop trying cos they will never ever make a penny in forex. You guys are angry cos you simply didnt/dont follow the rules, you arent disciplined and you want Dean to do everything for you. Well forex is a business not charity you have to do the work, if you cant follow this system than honestly stop trying. Regards HankT
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Dean Malone Advanced Synergy

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