Dollie's Safe Pips Indicator

With the ISM news this morning, I was focused on the pound and euro. Missed the jpy pairs big time. Dollie showed up on the H1, M30, and M15 so you know it was going to be a good mover. eur/jpy was the weakest of the group. H1 showed up at 13 GMT starting to go long (blue and dotted white lines) and the move happened an hour later. Don't necessarily get in when the blue and white lines move, just know that something is coming and you can time your entry with the smaller charts. 50+ pips on gbp/jpy and 30+ on usd/jpy.

Hi pip pirate 2, please post some chart. It's easier to understand.

Thanks.

Hello Dollie,
I am using your indicator and so far it's working well for me. At first I have found all the lines confusing, but it is getting faster and faster to spot the trades. Thanks again for the indicator. How long did it take you to develop it? It is so nice of you to share it with us at no cost after all the hard work done by you.
I have some questions for you.
You are not talking much about the MAs - to what degree do you use them?
When the cross of blue and pink line for buy occurs close to 90, or for sell close to 10 - do you enter the trade? What stop loss do you use?
Thanks for your reply.
Regards,
Pluto2

So now for some confession. I don't know how to post charts on this forum. I can cut and paste, print screen for my own word documents but have not been able to figure out how to post. Teach me how to get the clean ones like you do. thanks

Im no expert but the simplest way I've found is to right click on the chart you want and click on "save as a picture".

From there save it where you want and upload it. You can even save it a little smaller (I like to save it at about 700 x 500 pixels).

Good luck,

Pete

Thanks quinn. I have tried that and I get a small chart on a big page. It isn't very clear. I have done that and now can't copy and paste it to this forum

Many thanks for everyone's kind words ! I was experimenting a bit with overlaying different indic's that I like and to declutter my charts a bit and this one is the best I could come up with !

I am still hoping some of you guru's on here, can help me make this indic even better :-) So any suggestions is gladly welcomed.

I like to know what the current trend is and that is why I keep those MA's around,,, as I always trade with the trend. Its so much easier and less stressful to be with the trend eg the direction in which it will most likely move the most.

Stoplosses I keep tight ... I am blessed to have on avgre 3 out of 4 trades result in profit,,, so I am not into taking big losses and hanging onto losing trades for a long time. A losing trade ties up my money big time and I cant use it for other good trading opportunities I see in the mean time. For GBP that I trade the most, I have a 30 stop loss. Protecting my money is key for me, there will always be every day good safe trading opportunities as long as you have money to trade with :-) I also use the 400 : 1 ratio with no problems as it ties up less of my money at any given time and more of my money can 'work' for me.


When pink and blue crosses near the 10 Over sold line you can still take the trade, but then remember that the indic is already showing that we are nearing an O sold situation ... so dont be greedy in expecting a whole lot of pips,,, be then satisfied with only a few and keep a close watch on when the trend will change.

The abslute strength indic someone was so kind to simplify the indic for me. I gladly share it with you guys..as it is now, it will only show the pink line and a blue dotted line..in the original indic the cross of this pink and blue line was the signal that the trend is changing. You are welcome to still make this blue dotted line black or ... if the chart is not tooo cluttered by now.. keep it around and look for the odd time when this pink and blue dotted line cross for a trend change before pink and the other blue line shows the trend change.

Here is a daily chart showing the improved Absolute strength indic ( before I added all the over lays) Its also a big help now when you want to print out charts it does not show up on printed charts as a histogram anymore.

Happy trading !

HelloDollie

Having all those indicators in that Window is scary. Just as long it makes PIPs....

Pip pirate,

I use a freeware program called irfanview, its just used to save the chart.

Download it from here http://www.techspot.com/download299.html,

or just search on google, install it and open it.

Open this program and copy your chart from MT into it, then save it as a jpeg file, then you can attach it to your posts.

hope this helps

Thank you for your help. I have done that, loaded it into irfanview, and then copy it. When I go to FF to try to paste it, the paste button is grey and doesn't let me paste it. We are getting closer! Thanks again.

Okay I have it figured out! Yea. So I will be posting charts in the future

Once you have loaded the chart into infanview don't copy it, but save it as a file somewhere on your computer, I normally do it to the desktop, then once you have saved it as a file, when you write your message here before hitting submit reply scroll down and you will see a section called "additional options" hit the manage attachements button, click on browse button, find your saved chart and click upload.

Once the file shows as uploaded you can close that window, then hit submit reply and your done.



When you initially save the chart from MT by rightclicking and choosing save as picture, make sure that you have the size correct, I think the forum accepts 700 x 1000 as the biggest.

Hope this helps

Hi Pip Private 2,

After you've the picture files do the followings.

1. click the Manage Attachments button to open the Manage Attachments page.
2. click browse to select the picture file in you C drive.
3. click upload to upload the picture file.
4. click close this windows button to close the Manage Attachments page.

jackt

Thanks to everyone for your help with the charts. I will now be able to post them with some comments. What I really want to show is what the indicators looked like before the move

hi,

it seems today we had signals in 1hr timeframe in cable for +20, eurjpy for +45 and still running usdjpy for +25 and eurusd for around 10 pips and still running, all of them its curious but all are sell signals. One small question which timeframe do you think its better for intraday use, 30min or 1hr?

1hr timeframe is the best fit to this strategy (specially if you are a daytrader), in my opinion.

Blanca: Megapips is right. Dollie likes and trades using the H1 chart. It is not as reliable on the M15, is okay on the M30 but the longer time frames are the best. Is excellent on the daily charts. Look at the daily charts with the gbp/chf and you can see many opportunities spelled out.

thanks a lot i`ll be forward testing it with 1hr, the dolly indicator is indeed impressive how it can goes with the trend and a reliable exit. thanks a lot dolly.

Here is the gbp/jpy chart. Not perfect but still good signals. There were two good opportunities to go short, one last night and one this morning. On the far left of the chart, you see the dotted line going short with good angle, Pink line going up and all of them crossing including the blue line. The lmsa line is yellow to red telling you there is a change coming. The second move had the dotted line bouncing around so don't do anything yet. Then lsma goes short (red), pink is long and stronger, blue makes the cross. I like the blue line in most situations ( in a short trade) to be at the top of the chart and then going down. Notice also that the macd chart was flat before this move. That tells me that something might be ready to happen.

Here's a chart. look at dollie on the gby/jpy long on june 7, 1 GMT on the H1. Also the eur/jpy on the H1. Only ran 100+ pips in 5 hours. That's why I look at the exotics. Was surprised that it ran that much.

Be not afraid of going slowly: Be afraid only of standing still Chinese Proverb

hi good morning,

impressive trades today, in cable around 38 pips and running, gbpjpy is like 80 pips, etc but also gbpjpy and eurjpy are giving short signals right now +27 and +16 only those last two i was able to catch, i arrived late today i forgot to set my alarm clock.