Dollie's Safe Pips Indicator | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Silver/USD

Similar Threads

What's better - A safe 20 pips or potential larger moves? 8 replies

More Pips Vs. Safe entries 19 replies

Strategy to take safe pips every day 184 replies

What is the highest probability way to make safe pips? 9 replies

My Dollie System Trades! 5 replies

Thread Admin: Dollie's Safe Pips Indicator

Posting Controls

Edit Thread Title

Edit Time Remaining: Expired

Linked Trade Explorers

Attached Poll

There is currently no poll. Add Poll
Attachments: Dollie's Safe Pips Indicator
Exit Attachments

Dollie's Safe Pips Indicator

  • #21
  • May 9, 2007 10:34pm May 9, 2007 10:34pm
Quoting HelloDollie
What really increases the probablility of your trade making pips is :

Look at the daily chart : Blue and Pink has crossed for a buy
Look at the 4h chart : Blue and Pink has crossed for a buy
Look at the 1h chart : Blue and Pink has crossed for a buy
Look at the 30 m Chart : Blue and Pink has crossed for a buy
How many TF confirmation do you typically go for?

I think that you also mentioned that you go for a lower TF confirmation
than you actually trade. Have you tried fading that one?

Just topics for discussion.


FXS
  • #22
  • May 10, 2007 6:38pm May 10, 2007 6:38pm
  •  Trader#0000
  • | Status: Unregistered Trader
I again had a good look at this indic and I made some changes to it, to make it easier to read.

I took off the Woodies indic and instead added a CCI 6 ( Go to : Insert, Indicators, Trend, CCI) Set it to : 6

Apply to : Typical price( HLC/3)
Style : White , dotted line

On the attached chart the red sign means we already know that the trend is up now.... when blue and white goes through 0 almost at the same time and the 2 lines are very near each other it always means a good fast move.

This trade was safe to enter for a buy because blue and pink has crossed for a buy and CCI is above 0. And the LSMA line is in between pink and blue. Here a good time to take profit would have been at the green sign. See the hook the blue line is making.

Look out for the trend to continue ( we have already taken profit at the green sign.. now it retraces for a bit and another good buy entry would have been at the yellow sign

At the pink sign all 3 indic is trading above the 90 mark which tells us over bought... time to close again the trade..as the blue line went sideways and LSMA is turning from green to yellow. As long as LSMA stays green I will stay in.

After the pink sign LSMA has traded above the other indicators .. a good sign to stay out of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: 6d.jpg Size: 69 KB
  • #23
  • May 11, 2007 1:52am May 11, 2007 1:52am
Thanks for the update!

Don't forget to replace the ZERO LINE on the new CCI.


FXS
  • #24
  • May 11, 2007 8:51am May 11, 2007 8:51am
Dollie: This is off topic but I wanted you to look at the EUR/CAD chart on any MT4 platform this morning before the weekend. I have been tellling you about this event (and for anyone else up at 11 GMT). You don't need indicators to trade this, just watch and buy. The news was expected to be lower, the pre market knew it, nothing else is going on at this time in the morning, and bam! Even if you got in late it was 30+ pips. Moved over 80 for the day so who cares about the spread. Just too early for me. This news event is better if it is not on the same day as NFP and there is a predicted big change. Just watch it over the months.
  • #25
  • Edited 1:32pm May 11, 2007 12:43pm | Edited 1:32pm
Quoting FXSurfer
Thanks for the update!

Don't forget to replace the ZERO LINE on the new CCI.


FXS
My Zero Line isn't staying centered.
Can you use zero level with one indicator and outside levels
with another? Maybe I don't have it overlayed right.

For now I've taken it off of CCI and added a 50 to the RSI.


FXS
  • #26
  • May 24, 2007 2:02am May 24, 2007 2:02am
Hello Friends of Dollie's system. Dollie and I have talked today and I plan to get this forum moving in a new direction. I would like to get together with those who like this method and trade it to post their thoughts and possible trades on a daily basis. I am still learning it but am excited. So more on this tommorrow.

Read any successful person’s biography and it goes like this: struggle, struggle, struggle, small success; struggle, struggle, struggle, small success; struggle, big struggle, struggle, BIG SUCCESS. See setbacks as proof of your future success. What makes anyone think that trading is any different?
  • #27
  • May 24, 2007 8:40pm May 24, 2007 8:40pm
I have been watching Dollie's system for some time now, so any move to activate this thread would be much appreciated. Good luck.
  • #28
  • May 24, 2007 10:26pm May 24, 2007 10:26pm
I'll be interested in giving this system a go but might be hard to watch all the time because I'm at work during the day. Is there an EA in the works?
Thank you for the system
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #29
  • May 25, 2007 1:37am May 25, 2007 1:37am
Quoting orientos
I have been watching Dollie's system for some time now, so any move to activate this thread would be much appreciated. Good luck.
I will post more info starting on sunday after the market opens. I like to look at least 12 pairs and different time frames to see possible trades. If we all work together we can all win. Maybe some people can specialize on certain pairs or time frames. Whatever the group wants. One thing I am going to have to learn how to do is post charts. I need to know how to show just the charts and not the whole screen.

Well They say that there’s a pie up in the sky; Waiting for me when I die; But between the day you’re born and when you die; they never seem to hear you when you cry; So as sure as the sun will shine; I’m going to get my share of what is mine….. Jimmy Cliff
  • #30
  • May 25, 2007 1:43am May 25, 2007 1:43am
Quoting matrixebiz
I'll be interested in giving this system a go but might be hard to watch all the time because I'm at work during the day. Is there an EA in the works?
Thank you for the system
I don't see an EA for this system. I am not a computer wiz by any means, but this indicator requires for you to look at it to make a decision. What times do you work in GMT? There are many trades with different pairs in different time frames, from 15 min to daily charts.
  • #31
  • May 25, 2007 2:15am May 25, 2007 2:15am
Interesting concept. I love the CCI.

Dollie, I have a problem with this intruction:
"Its very safe to enter when LSMA is above 0"

Now, the lsma is overlayed in the indic window and as the price moves along the relationship between lsma and the zero line changes !? I think the two indics should be some how locked together but I cant see how to do this.

See pics 1 and 2, same chart slightly different times. Note the magenta line.

I note that the blue and pink aren't locked together either !?

 Idea's anyone??
Attached Image (click to enlarge)
Click to Enlarge Name: dollie 1.jpg Size: 62 KB
Attached Image
Good Trading to All ---- fairwind
  • #32
  • May 25, 2007 5:47am May 25, 2007 5:47am
Quoting pip pirate 2
I don't see an EA for this system. I am not a computer wiz by any means, but this indicator requires for you to look at it to make a decision. What times do you work in GMT? There are many trades with different pairs in different time frames, from 15 min to daily charts.
Oh, ok, I'm in EST, right now GMT -4. What pairs work best for me?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #33
  • May 25, 2007 9:53am May 25, 2007 9:53am
Quoting fairwind
Interesting concept. I love the CCI.

Dollie, I have a problem with this intruction:
"Its very safe to enter when LSMA is above 0"

Now, the lsma is overlayed in the indic window and as the price moves along the relationship between lsma and the zero line changes !? I think the two indics should be some how locked together but I cant see how to do this.

See pics 1 and 2, same chart slightly different times. Note the magenta line.

I note that the blue and pink aren't locked together either !?

Idea's anyone??
Dollie hasn't been able to post lately only read the posts, so that is one of the reasons this forum hasn't done much. But I have talked to her and will give you my best shot at answering your questions. Your example is one that I would not have made a trade. First she uses the CCI not the woodieCCI, she changed that. The order of events to happen to have a good trade with this system are: the commitment of the blue line being strong and close to 1-2pm or 5-6pm on a clock face. Second: the white line must be following the blue line very close as it approaches the 0 line. Your example does not have this qualifier. Third: the pink line must cross the blue line at some point, preferably near the center on the blue line move. Your example has no pink cross. Fourth: Then the lsma moves in the direction of the trade and crosses the 0 line. A good example of this setup was the EUR/JPY H4 chart at 0 GMT last night. What I did was to go back over all the pairs at different time frames on a sunday, took screen shots of them and made a word file with the pictures at all the different times. Then I could go back and look at them all and see how the indicators lined up. Even with a slow week this past week, there were many opportunities with this system.
  • #34
  • May 25, 2007 10:01am May 25, 2007 10:01am
Quoting matrixebiz
Oh, ok, I'm in EST, right now GMT -4. What pairs work best for me?
How early do you want to get up and what time do you have to leave the computer for the day? You are in some of the best time to trade with the euro session going on. I would look at all the gpy and euro pairs at that time frame. If you are available at 7am EST then I would look at the eur/cad during cad news events like cad unemployment. You also can trade some of the asian session which starts around 7:30pm your time. A little slower market but could be a good one for a newbie (if you are one). During the asian session, watch the gpy/usd and the jpy pairs, and sometimes the aud pairs. euro and swissie don't move much during this session. Or you can look to do longer trades using the H1 and H4 time frames and try to get fewer trades but with more pips per move.
  • #35
  • May 25, 2007 11:17pm May 25, 2007 11:17pm
I find that the lsma lags a lot and results in very late entries. I'll do some more back and forward testing to see how critical this is.

I really want to keep on top of this, because the system has much potential.
  • #36
  • May 26, 2007 12:14am May 26, 2007 12:14am
Quoting orientos
I find that the lsma lags a lot and results in very late entries. I'll do some more back and forward testing to see how critical this is.

I really want to keep on top of this, because the system has much potential.
Glad to have you aboard. I agree about the lmsa but what I like about it is when it turns yellow you know there is going to be a change. The blue, white and pink lines are far more important to me. Plus Dollie uses this for bigger time frames like the H1, H4 and daily so lag isn't as important. Here is an example of what I saw (after the fact) last sunday. The indicators on the euro/dollar showed a cross at 4 GMT on the H4, 8GMT on the H1, 9GMT on the M30 and 9:15 GMT on the M15 when the big move happened. I was awake and watching the market during most of this time and didn't see the move coming. What I see (no buy, sell or hold recommendations) is that this indicator MAY let you know that a move is going to happen sometime soon. I am new to this system also so that is why I look forward to help and more minds looking into it.
  • #37
  • May 26, 2007 3:22am May 26, 2007 3:22am
Is there any reason why I can't backtest this strategy? None of the indicators "repaint" as far as I can see.

Thanks for your comments on the lmsa.
  • #38
  • May 26, 2007 11:09am May 26, 2007 11:09am
Quoting orientos
Is there any reason why I can't backtest this strategy? None of the indicators "repaint" as far as I can see.

Thanks for your comments on the lmsa.
I don't know if you can backtest it. Since I have been only studying it for a few weeks, I know that there have been many positive signals in several pairs. You can paper trade it first.
  • #39
  • May 26, 2007 11:19am May 26, 2007 11:19am
We know that the US market is closed monday and now I found out that europe is closed sunday night so there will be no real trading until monday's asian session. I hope everyone is open to looking at most of the available pairs including the exotics. I daily chart the prices of 12 pairs and plan on looking at all of them for possible trades. I hope that others are open to this too. If you are new I understand why you would want to stick with cable and euro, but I encourage you to chart some of the exotics now so that you will have notes and a history of what some of the exotics do. The eur/cad, eur/aud, gpy/jpy, gpy/chf, and eur/jpy all move more than 90 pips a day on average. With that kind of movement, who cares about a 6-9 pip spread?
I hope that this post can be like a live event where people are posting possible trades in real time so we can all make money. Or does the group want to set up a chat room for live trading? I'm just a participant in this forum throwing out ideas.
  • #40
  • May 26, 2007 12:05pm May 26, 2007 12:05pm
Here is version two of the template, please check to see if it is correct.
Attached File(s)
File Type: tpl dollie_v2.tpl   2 KB | 1,679 downloads
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
0 traders viewing now