Here is a great example of using the correl8 indi in conjunction with Synergy startegy.
Using the 15M as the longer-term TF signal, I wait for a simple cross, which happens after a touch at the S1 support Pivot Point. Now I wait for a signal on the 5M, which comes soon after.
Good separation with combined values of +61 so I enter long. Target is next PP, which is the Daily. It hits this in half an hour for a profit of around 60 pips.
I could have entered earlier from a previous signal on the 5M chart - there was good separation. I got in a little late.
If I didn't use the Synergy TDI method here, I may have gotten in earlier and still won, but there is not as much information available to me and it could have easily gone the other way. So really, I am just following the Synergy Strategy, using the correl8 indi as my entry signal.
EDIT: Added a second screenshot to show a different template example on my second screen. I have removed the TDI indicator and added the correl8 indi for the H1 instead, which clearly shows the cross on the higher TF happening around the same time as we are getting all these signals on the lower TF's. This is just more ammunition for us to confirm our long trade decision.
So basically I am looking for underlying trend strength from the longer-term time frame/s, and then use my short-term TF showing the TDI and the correl8 indis for my entry.
For this long entry example, I place my TP at the next Pivot above my entry, and place SL just beyond the PP or recent swing point below my entry.
Using the 15M as the longer-term TF signal, I wait for a simple cross, which happens after a touch at the S1 support Pivot Point. Now I wait for a signal on the 5M, which comes soon after.
Good separation with combined values of +61 so I enter long. Target is next PP, which is the Daily. It hits this in half an hour for a profit of around 60 pips.
I could have entered earlier from a previous signal on the 5M chart - there was good separation. I got in a little late.
If I didn't use the Synergy TDI method here, I may have gotten in earlier and still won, but there is not as much information available to me and it could have easily gone the other way. So really, I am just following the Synergy Strategy, using the correl8 indi as my entry signal.
EDIT: Added a second screenshot to show a different template example on my second screen. I have removed the TDI indicator and added the correl8 indi for the H1 instead, which clearly shows the cross on the higher TF happening around the same time as we are getting all these signals on the lower TF's. This is just more ammunition for us to confirm our long trade decision.
So basically I am looking for underlying trend strength from the longer-term time frame/s, and then use my short-term TF showing the TDI and the correl8 indis for my entry.
For this long entry example, I place my TP at the next Pivot above my entry, and place SL just beyond the PP or recent swing point below my entry.
Trade to Live - Don't Live to Trade