i closed both trades gbpjpy +70, it might keep going down but i am already happy, and eurjpy with +12, cable today gave a very big rally almost 100 pips, also look at usdchf 50 pips very good day even for the ones who arrived late.
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DislikedVery nice trades everyday, if anyone made any furthur development for this method, please do some posts. I always trade breakout with hans123 system for very long time, so I use this system as an additional confirmation before any possible breakout. But, I like to see furthur modifications combined with this system.Ignored
DislikedHere's a chart from the overnight move that Blanca caught. Notice that the cross was on the first down candle letting you know something big was happening. What I have found is the bigger the time frame for a great cross, the bigger the move. The dotted line is very strong. Lmsa is already red saying short. the pink line is coming up strong. Remember the goal is to see this, can use smaller charts to time entry, make trade and get to breakeven and let the trade go.Ignored
DislikedHi, Dollie and everyone. Thanks a lot for sharing this system. I am a newbie to forex and just demo trading for two week. I think I am doing OK but obviouly sometimes don't know what I am doing. I spent a lot of time to read the forums and try to find a system that can work for me--so time-consuming and it makes me dizzy often. Anyway, I just stumbled on this tread the other day and so far I like the Dollie system and will try to stick with it. Here are the chart I spotted today. Please give me some advice:
So it is a signal, right? Then How can I decide the T/P and S/L? When should I exit?
I wish there is a EA for this method because I am pretty much occupied and can sit all day to watch the screen
Happy Trading!
HapipipsIgnored
DislikedI just wanted to post a note here because it has been mentioned that you can't backtest this method because the relative height of the lines changes over time. Well, that's not really true. You CAN backtest this. This is what you do.
Put your Dollie setup on a pair and then move to the very beginning of the timeline (in MT4, just hit "Home" and it will take you to the beginning of the timeline). Once you're there, hit F12. This will step you through the bars/candlesticks one at a time. By doing this, you can actually see the crosses exactly as they would have been seen in the past. Based on the rules, make a trading decision (don't peek ahead!) and then hit F12 again to see how the trade would have played out. It's time consuming, but this will allow you to manually backtest this method if you care to.Ignored
DislikedI just wanted to post a note here because it has been mentioned that you can't backtest this method because the relative height of the lines changes over time. Well, that's not really true. You CAN backtest this. This is what you do.
Put your Dollie setup on a pair and then move to the very beginning of the timeline (in MT4, just hit "Home" and it will take you to the beginning of the timeline). Once you're there, hit F12. This will step you through the bars/candlesticks one at a time. By doing this, you can actually see the crosses exactly as they would have been seen in the past. Based on the rules, make a trading decision (don't peek ahead!) and then hit F12 again to see how the trade would have played out. It's time consuming, but this will allow you to manually backtest this method if you care to.Ignored
DislikedFantastic Bytebodger, where did you learn this, no one told me before. Nice trick.Ignored
DislikedHi Hapipips, I can see you are exited about forex, true, everyone is. But, please do not take me wrong - never ever think there will be or is an Expert Advisor which will give continious wins and you come back home to take all profits. If you find an EA as such, please post to us. So, the only way to survive in trading is mechanical methods. Everyone always ask for EA for every method, I do not think an EA is less likely to be developed for this method - this is what I like about this method.
Traders learn everyday for new strategies, there is or maybe not any such system to make money itself and we do not want to monitor it. Anyway, Good Luck in your tradings. Regards.Ignored
DislikedI just wanted to post a note here because it has been mentioned that you can't backtest this method because the relative height of the lines changes over time. Well, that's not really true. You CAN backtest this. This is what you do.
Put your Dollie setup on a pair and then move to the very beginning of the timeline (in MT4, just hit "Home" and it will take you to the beginning of the timeline). Once you're there, hit F12. This will step you through the bars/candlesticks one at a time. By doing this, you can actually see the crosses exactly as they would have been seen in the past. Based on the rules, make a trading decision (don't peek ahead!) and then hit F12 again to see how the trade would have played out. It's time consuming, but this will allow you to manually backtest this method if you care to.Ignored
DislikedHi, Dollie and everyone. Thanks a lot for sharing this system. I am a newbie to forex and just demo trading for two week. I think I am doing OK but obviouly sometimes don't know what I am doing. I spent a lot of time to read the forums and try to find a system that can work for me--so time-consuming and it makes me dizzy often. Anyway, I just stumbled on this tread the other day and so far I like the Dollie system and will try to stick with it. Here are the chart I spotted today. Please give me some advice:
So it is a signal, right? Then How can I decide the T/P and S/L? When should I exit?
I wish there is a EA for this method because I am pretty much occupied and can sit all day to watch the screen
Happy Trading!
HapipipsIgnored