Dollie's Safe Pips Indicator

Thanks Jay Jay and all the other people posting: In my opinon, what these indicators tell you is that a move has the potential to happen soon. It depends on what the time frame is as to how soon the move is might happen. I have seen a cross on the H4 during the asian session and the actual move happen 4 hours later. What is important to me as I look at many pairs is which one might make a move soon? This indicator works best on the longer time frames but if you test it it may work on shorter times. Just realize that the smaller time frames can give you smaller pip totals. Most of the questions asked will be answered with more paper trading. I have been seriously studying this for over 3 weeks with all sessions and am starting to get a handle on it. Please take the time to paper trade and chart your results. I would not have entered on a H1 chart necessarily. Sometimes I moved to a smaller chart to time the entries. I look for the dotted line to be moving at a good angle, the blue line following, the pink line moving in the opposite direction and lsma further confirming the move. this isn't the only indicator to use. Please understand that those wanting very specific entries could be considered giving financial advice and I personally am not going to do that as I am not licensed to do it. I am not giving any buy, sell, or hold recommendations. The market will be here forever so you will understand the system with a little time.

Yes I use a ADX 13 filter also as was shared with me from Dollie. There could be more developments in the future.

My two cents as someone who has lost thousands of dollars learning how to trade is to paper trade for many months. Read books, study and learn from others. Then open a small account with a broker that does micro lots where you are trading less than a dollar. then slowly increase your investments. Make a trade journal. Live trading too early and potentially losing money can mess up your thinking so bad it can set you back. That is what happened to me. Remember that you are a freshman in college and you will do fine. Welcome aboard.

Hi,

good morning to all, the recommendations pip gave you could not be better, study books, there are many free ebooks available, first paper trade and then start small in a mini account, that will give u confidence another one is discipline, always follow your plan.
About today trades i see shorts in gbpusd, eurjpy , usdjpy and gbpjpy each one for +12, +20,+14 and +48, gbpjpy is the one with more move today.

Final results, i did my exit basicly because all of them are hitting a support and the moves were already strong considering yesterday`s activity, even though the lsma is still red.

gbpjpy +133, eurjpy +60 ,gbpusd +56, usdjpy +18, all of them still have red the lsma but those pips are good enough for me.

Hi there all !

I wanted to just post that i used to use the Fozzy and now have been using the Dollie and loving it, im on a live account and its doing wonders for adding to my thoughts on when to enter and bail from a trade.

I would also like to post that i came home tonight and spent an hour making dinner, in that hour the pairs that ive been waiting for USD/CAD, EURUSD and the USDCHF all went nuts. I knew it was coming and i knew around about when but i forgot, all because of my stomach....thankyou for reading my complaint and i will now return to the fetal position on my bedroom floor.


THanks again Dollie and thanks to Pip Pirate also for keeping the thread alive =0).

hi,

one last trade gave us usdjpy a long at 121.30 1hr chart, still running green at 121.71 , +40 pips profit, like yesterday a very good day.

i forgot to post euro short today 1.3429 and exit at 1.3350 +79 pips, but this one i did not do it, too many signals at the same time.

I am real happy that some of you are seeing the light with dear Dollie and making a few pips ! Such good news to me :-)

Here is the daily GBP chart :

I have added adx setting 2 and overlayed lsma over it and also a stochastic ( to give us the 90 and the 10 lines )

White #1 :

Here we see that the trend is up .. so we know we should be looking for a possible buy opportunity. Why? Because Dollie blue and pink has crossed with blue above pink, which means buy and the white dotted line is trading inbetween pink and blue. ( Not to confuse anyone the dotted blue line is part of absolute strenght indic ... if here are too many lines black out that one it will make it easier for you to follow )

Now it becomes even safer where I have drawn the white circles. On adx when our lsma is inbetween pink and blue its safe to trade.. you will almost always make a few pips when this set up occurs. You can also see that lsma is also in between pink and blue on Dollie... normally very safe too.

Possible exit strategies :

- The move is over when lsma goes out of the blue line on ADX and when Dollie shows Over bought ( Dollie thick blue line and white dotted line goes into 90 area )


White # 2:
Same story here pink and blue has crossed for a sell ...adx has crossed for a sell as well and our MA's has crossed as well.
When does it become really safe to make a few pips?
Where you see the white circles ..that is when lsma goes inbetween on Dollie and on ADX.

Here the sell trade was very safe. Why ?

- Pink has crossed blue for a sell
- Dotted white line ( cci6) is trading under 0
- lsma is trading under 0
- lsma is inbetween blue and pink

When to stay away ?
We cannot trade all the time .. there are many times when you want to stay away from a certain pair. We need to know when its not safe to trade eg when the market is sideways and in consolidation mode. Dollie shows us a bit of that as well.

Have a look at Red # 3:

When lsma trades above blue and pink its not very safe... then I stay away and look for other pairs with a more favourable set up for making safe pips.

I use ADX 13 with stoch's overlayed at levels 90 and 10 to show me Oversold and Over bought situations. ADX 13 shows it better than ADX 2. You are welcome to overlay ADX 13 with stoch's for the 90 and the 10 dotted lines.

ADX2 is good for showing us quickly the trend ( just a confirmation ) And I keep ADX 2 around for the set up where lsma goes inbetween pink and blue.

Hope this helps someone !

HelloDollie,
Thanks for the explanation. I understand the approch better.

One additional question, In your first post you mention that the 30min and h1 works for you. Does that still hold. I notice that the charts differ from each Time Frame. Are you now mainly using the DailyTF?

Thanks for your response...jj/.

I trade it succesfully off the 1h mainly .. although in busy trading times ... the 30 mins works many a time per day well too.

I use longer time frame charts here to try and explain how I read the indic because on longer tf charts we can see the moves so much beter where as a 30 min chart can be very jumpy and confusing to someone who wants to understand and learn how this indic works.

Good luck ! Make lots !

Thank you for sharing your system. I would like to ask you; are you trading this system on a live account? how long have you traded this system and how many pips on average do you make per week?

Thank you.

Dollie thank you and others who have contributed to this thread. I am always on the lookout for useful indicators. I noticed that you indicate that your success rate is about 75%. Is that percentage trading off the 1 hr chart? Has there been any effort to review the 25% that didn't work to see what caused the failures? Do you trade other currencies besides the GBP with this setup? And do you have any ball park estimates of pips captured per week or month?

Cheers.. Virgil

hi dollie, been following your thread. starting to get confused(not hard for me). could you please post your most recent template so i can catch up a bit? thank you.............vince

From Billy Glyde about Anger

"I would also like to post that i came home tonight and spent an hour making dinner, in that hour the pairs that ive been waiting for USD/CAD, EURUSD and the USDCHF all went nuts. I knew it was coming and i knew around about when but i forgot, all because of my stomach....thankyou for reading my complaint and i will now return to the fetal position on my bedroom floor."


Boy can I relate to that! If you use Interbankfx or FXDD (or simply set up a demo account with them) you can use price alarms that you customize and set. That way you can walk away from the computer and it will tell you with an alarm if the pair has moved. Everyone can use them as it keeps you from staring at the screen all the time

good morning,

i am sick today so i could only take a few hours ago a long eurjpy at 162.39 it s still running but i already closed it as i dont feel very well, i have a terrible flu, and headache, but i hope tommorrow i can post some charts to see entries and exits. bye.

Hello Blanca, I have been following this thread and have tested this system.
It looks promising.

Looking forward to your chart postings. Thanks for posting your progress using this system.

Maybe not the clearist charts but I wanted to post them anyway. The gbp/chf has been channelling for a while and with cable news this week it is not surprising that it can make a move. You will see two charts. The daily is telling us that we need to pay attention that a move is probably coming soon. The blue line is going long strong. The dotted line is closely following. the thick pink line is going south strong and the lsma is turning from yellow to green. If you got in on the third candle from the right, the short white one, you would be up over 80 pips as of now.

Now here is a H4 chart which you would use to time your entry. Can even go down to a H1 or M30

PP2, in addition the regular thick pink line, I see there is a thin Pink line as well, which I do not have on my indicator.
Could you please clarify!

Thanks.