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Dollie's Safe Pips Indicator

  • #141
  • Jun 12, 2007 7:18am Jun 12, 2007 7:18am
today`s results did not take anyone as i am still sick just came this morning to see how it went,

gbpusd -9 pips
eurusd +12 pips
usdchf +16 pips
usdjpy +7 pips
eurjpy -20 pips
gbpjpy +13 pips.

not bad, not so good either.
  • #142
  • Jun 12, 2007 8:13am Jun 12, 2007 8:13am
In the attached chart, at the "Orange Tick Mark" in the indicator area, where the Blue line is crossing the thick pink line, the lines are not really in the OverSold zones...they are between 0 and -100.

Would you still take this trade OR should a trade be taken only in the O-Bought / O-Sold zones.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD15M.jpg Size: 80 KB
  • #143
  • Edited 9:39am Jun 12, 2007 9:02am | Edited 9:39am
15min charts are difficult for this system to take the trades, i find easier the 1hr charts, like right now, look at eurjpy 1hr we have one trade running short at 162.45, lets see when it exits.

Just exited at 162.07 there is a support there and i thought would be a good exit, but the lsma is still red so its still running, i closed it also because i still dont feel very well. see u tommorrow.
  • #144
  • Jun 12, 2007 10:19am Jun 12, 2007 10:19am
Quoting akhan
In the attached chart, at the "Orange Tick Mark" in the indicator area, where the Blue line is crossing the thick pink line, the lines are not really in the OverSold zones...they are between 0 and -100.

Would you still take this trade OR should a trade be taken only in the O-Bought / O-Sold zones.

Thanks.
To answer both of your questions: The little pink line is a CCI 6. I would have taken that euro trade. Remember that it is on the 15 min time frame so the amount of potential pips is less. Dollie doesn't usually trade that small but I have been testing it and have liked it. Sometimes with the smaller time frames there can be false signals. Your candles and macd also confirmed. Use Dollie with other indicators for the best confirmations.
  • #145
  • Jun 12, 2007 10:23am Jun 12, 2007 10:23am
Quoting blanca
15min charts are difficult for this system to take the trades, i find easier the 1hr charts, like right now, look at eurjpy 1hr we have one trade running short at 162.45, lets see when it exits.

Just exited at 162.07 there is a support there and i thought would be a good exit, but the lsma is still red so its still running, i closed it also because i still dont feel very well. see u tommorrow.
You are correct as usual. For those who don't know Blanca, we knew her from another thread and she is awesome. She makes the pips and has the experience. We welcome you to "Team Dollie" and look forward to your valuable input in making this thread even better. Please get well soon. As a side note to my post on the gbp/chf last night, you would be up 180 pips. I'm paper trading longer term trades and learning like everyone else.
  • #146
  • Jun 12, 2007 12:26pm Jun 12, 2007 12:26pm
What indicators would you recommend for confiming clear ENTRY and EXIT points and avoiding false signals?
  • #147
  • Jun 12, 2007 3:30pm Jun 12, 2007 3:30pm
You can use for exits specially the adx dolly recommended it is nothing more than precise for it, the entries the dolly indicator is the best, you`ll notice at the end both match, pip you are an awesome trader too, we can notice in your posts and dollie what can we say, the indicator shared has a lot of experience behind, not only filters the bad signals, but takes the strong ones with a nice exit, thanks again.
Whoever took the gbpchf long, god bless him, he might be travelling to hawaii right now, lol with all those pips
  • #148
  • Jun 13, 2007 7:20am Jun 13, 2007 7:20am
good morning,


feeling much better today, let me tell u the entries

gbpusd short 19718, exit 1.9691
usdjpy long 121.77, exit 120.30
eurusd long 1.3301 exit 1.3296 and short 132.90 exit 132.78
eurjpy long 161.99 exit 162.42
gbpjpy 240.58 exit 241.02


only one small loss in euro today. the rest excellent, still news ahed in ny lets see how it goes.
  • #149
  • Edited 2:02am Jun 14, 2007 1:37am | Edited 2:02am
Awww blanca,
I thought i had been following this thread but it would seem i missed the part on how to pick your exits grrr...re-read time! I learns good like =0D

I love that you are posting your entry's and exit's but when i see someone telling me to jump in and out at certain times i never do it with my money because it feels like im cheating and since i ( except for forex learning ) am easily, lulled into laziness, i just demo the posted info and really pull it to bits and see what makes it tick!

It really helps, thanks gang!

P.S
Are you sure you were sick and it wasnt just your girl germs playing up, cause girls have girl germs as we all know =0P
  • #150
  • Jun 14, 2007 1:39am Jun 14, 2007 1:39am
Sorry bout the double post but i would like to thank and not thank lol, pip pirate for telling me about alarms, i use MT4 and it has that function but its killing me trying to make the darn thing DO AS I SAY!
  • #151
  • Jun 14, 2007 2:47am Jun 14, 2007 2:47am
Quoting BillyGlyde
Awww blanca,
I thought i had been following this thread but it would seem i missed the part on how to pick your exits grrr...re-read time! I learns good like =0D

I love that you are posting your entry's and exit's but when i see someone telling me to jump in and out at certain times i never do it with my money because it feels like im cheating and since i ( except for forex learning ) am easily, lulled into laziness, i just demo the posted info and really pull it to bits and see what makes it tick!

It really helps, thanks gang!

P.S
Are you sure you were sick and it wasnt just your girl germs playing up, cause girls have girl germs as we all know =0P
I have so much to say with these two posts but will be brief. Billy as some friendly advice you might want to work on positive thinking. 90% of trading is mental. This forum in my opinion should be one that helps all to get better. If you have a need, many will help. Laziness will get you in this business. I have a saying on my wall to remind me that "Discipline = Freedom". The alarms on MT4 are not hard to work. Open a micro account and trade $1 at a time. Practice , patience, and focus on what you want not what you don't want to happen. I know this from personal experience as we fight our own demons.
  • #152
  • Jun 14, 2007 5:00am Jun 14, 2007 5:00am
today only two trades.-

long usdjpy 122.76 and still open
then short gbpusd 1.9700 closed 1.9690, that is all, kind of boring london session, lets see ny how it moves.
  • #153
  • Edited 8:55am Jun 14, 2007 7:17am | Edited 8:55am
another one

eurusd long at 1.3304 exit 1.3300, loss of -4 plus spread. And short gbpusd 1.9675, still running.

Final exit for cable short 1.9687 - 12 pips plus spread, seems ny is also not moving much. see u tommorrow.
  • #154
  • Jun 14, 2007 7:38am Jun 14, 2007 7:38am
I think you took what i said the wrong way, i was just saying that its great that people post their trades ahead of time so as i can see whats going on as it happens in demo but i have met some people that look for others posts and such, that have had a good track record on trading and simply trade on that without knowing how or why the trade worked ( or did not work ), i do the same thing but insted of just placing orders on other good traders posts, i like to take that information and watch those trades as they happen and try to figure out how and why so i learn better insted of just following along.

Then if i understand how it all works and it seems viable i then trade live with that information.

I know i may type in a fairly childish way lol, but i have been really pushing through and studying forex for about 7 months now. I have had a live account for about 3 months. But i know this is for me simply because i have spent time kneeling on the floor holding my head asking the gods "WHY?!" and others telling me to give it up but i have kept going...hence me saying i am known for laziness except when the forex is concered, it would seem..YAY!

Oh, pip, you pirate you, do you know if MT4 sends sms's, thats what ive been trying to figure out, i had it send email to a yahoo ( thanks for telling me it could do that ) address and then yahoo would sms me but the yahoo sms is newish and keeps breaking. So i was hoping that you or someone else might know if MT4 can send sms direct to my phone.

My posts are to long =0(
  • #155
  • Jun 14, 2007 12:46pm Jun 14, 2007 12:46pm
This is no buy, sell or hold recommendation. This is for training purposes only. I want you look at all the euro pairs and see what do you think is going to happen. Many people don't pay attention to the exotics but here is a good reason to at least look at them. Look at the eur/gbp, eur/jpy, eur/chf, eur/aud and to some degree the eur/cad on the daily charts. What is in common with those and how they look? The euro is going long and is building strength. What pair have I left out? That's right: eur/usd. It is flat on the daily chart. So what is possible to happen with the euro? Ding. Yes Pip Hunters you get a prize if you said it should go long. I'm not talking about a few pips but a good mover. We will wait and see. It is important to see what pair is the driver and passenger. Who is driving the cross? The euro is the driver.
  • #156
  • Jun 15, 2007 2:46am Jun 15, 2007 2:46am
Hi good morning,

Two nice long trades in gbpjpy long at 242.30, still open
usdjpy long at 123.07 still open

hope today it moves better than yesterday.
  • #157
  • Jun 15, 2007 3:47am Jun 15, 2007 3:47am
Another trade
long eurjpy 164.07, still open

I saw +70 pips in gbpjpy and could not resist the temptation to close it. but left usdjpy open it is up +30, i`ll close it by the rules this one, this happens to me sometimes, i see very good pips and a small devil whispers, close it, close it. sorry for that, hope it wont happen again.
  • #158
  • Jun 15, 2007 8:08am Jun 15, 2007 8:08am
closed usdjpy at 123.45 profit of +33 pips, the gbpjpy went up after my close 35 pips, so was not a good idea an early exit:surprised , anyway eurjpy is still running with a profit of +65 pips, during the news cable gave a long signal but i usually dont trade the news that quickly, and today is a full of news session in ny.

so total so far for today gbpjpy +70
usdjpy +33
eurjpy +65 = 168 pips

but i made a mistake by exiting early, missed 35 pips.
  • #159
  • Jun 15, 2007 8:40am Jun 15, 2007 8:40am
Hi Blanka, Thanks for all your updates of everyday signals. I just want to confirm few things you personally could suggest with this method.

1. Do you use 1H timeframe as your main entry view?
2. Do you use any very smaller timeframes to exactly pinpoint your real entry?
3. Do you use any stoploss, or let the trade run till exit signal points that?
4. As this method mainly depends on visual decision for entries, I will really appreciate if you post one or two entry point you have made with snapshots.
5. Also, yesterday, you had a losing entry (with very small loss anyway). Will you please explain, why was the entry? why did you exit? etc. with chart, if possible.

This will really help so many of us to learn your consistency. Thanks.

Quoting blanca
closed usdjpy at 123.45 profit of +33 pips, the gbpjpy went up after my close 35 pips, so was not a good idea an early exit:surprised , anyway eurjpy is still running with a profit of +65 pips, during the news cable gave a long signal but i usually dont trade the news that quickly, and today is a full of news session in ny.

so total so far for today gbpjpy +70
usdjpy +33
eurjpy +65 = 168 pips

but i made a mistake by exiting early, missed 35 pips.
  • #160
  • Jun 15, 2007 9:00am Jun 15, 2007 9:00am
sure mega,

i use a 30 pip stoploss always, never trade without it, lol.
the exit i dont use smaller timeframes because they tend to change every now and then and finally i can get confused. so when the signal in the 1hr appears to exit i do it.

i use a 1hr chart in currencies like cable, euro, yen, gbpjpy, eurjpy they move a lot.

Yesterday the small losses were due to the lack of move, when a day like that happens, 1hr has small losses, that happens in any system, i will post charts tommorrow because even though i am trading still dont feel so well, some headaches during the day, but you can start searching yesterdays trades when you see signals in 1hr, then they loose. that is all.

One observation about cable during the news.-
Watch how most of the way it went up during the news is already coming down, news are always unpredictible and still is missing the consumer sentiment today, so i`ll just watch and enjoy the fireworks.
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