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Dollie's Safe Pips Indicator

  • #181
  • Jun 18, 2007 3:23am Jun 18, 2007 3:23am
seems uj is about to go short. what is ur take on this blanca?

blanca do u use 1hr chart for ur entrys only n do u wait for the 1hr candle to close b4 entering.

would help if u culd post some charts. thanks again
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  • #182
  • Jun 18, 2007 3:44am Jun 18, 2007 3:44am
Hi,

in usdjpy still we dont have the lsma red between the two lines, so better wait for everything to be online always, i dont wait for close, just look for a safe entry, not early, the adx will help you to see the right entry and exit , also when the lsma goes inside is a nice way to see it, i`ll post charts later today in ny right now it is 3 am here so i am half sleep, half awake, lol.
  • #183
  • Jun 18, 2007 7:50am Jun 18, 2007 7:50am
Hi,

here is the gbpjpy long signal we had today in the morning, check how the lsma in green keeps you in the trade until the exit, +42 pips profit.
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  • #184
  • Jun 18, 2007 8:13am Jun 18, 2007 8:13am
Hi blanca, please repost your chart as an attachment. Thanks.

Quoting blanca
Hi,

here is the gbpjpy long signal we had today in the morning, check how the lsma in green keeps you in the trade until the exit, +42 pips profit.
  • #185
  • Jun 18, 2007 8:37am Jun 18, 2007 8:37am
Quoting geezng
seems uj is about to go short. what is ur take on this blanca?

blanca do u use 1hr chart for ur entrys only n do u wait for the 1hr candle to close b4 entering.

would help if u culd post some charts. thanks again
My two cents. I like this dollie pattern. the blue line and dotted are close together and going short at a good sharp angle. Notice how the blue line is moving short one candle before the next candle actually goes short? That's a warning sign saying something "Might" happen. Then a strong pink line and cross. With the cross of blue and pink below the 0 line tho, the move may not go on for a large pip count. Also pay attention to the candles and what they say. There are three candles before the short candle that say "indecision" spining tops. It is important to understand your times of day and when the moves are most likely to be good with the indicators. this chart as a the open of the london session so that is good also. If it occured at 19 GMT in the dead zone, I wouldn't be excited.
  • #186
  • Jun 18, 2007 10:58am Jun 18, 2007 10:58am
Please have a look at this g/u 1 hr chart. Is it a perfect entry to go LONG? Help please.

Thanks.
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  • #187
  • Jun 18, 2007 12:36pm Jun 18, 2007 12:36pm
Hello Blanca, did you enter long on this USDJPY pair when the LSMA turned GREEN and came between both the BLUE and PINK lines, and exited the trade when the LSMA turned YELLOW at the top and the BLUE line crossed LSMA in the downward direction?

Just trying to clarify for my understanding.
Also, it seems that it is much more safe to enter when the LSMA is between the BLUE and PINK lines? Please correct me if I am wrong and/or make suggestions.

Thank you.
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  • #188
  • Jun 18, 2007 7:28pm Jun 18, 2007 7:28pm
Quoting antariks
Please have a look at this g/u 1 hr chart. Is it a perfect entry to go LONG? Help please.

Thanks.
In my opinion the answer is yes to the entry at the end of your chart. This brings up several issues. One is now that I am looking back at what happen to your entry if you would have taken it, we find that 9 hours later you would have been up around 20 pips. Not huge. But the lesson is if you want to make the trade with the "proper" signals, get in and as soon as it is right, set yourself to break even after the pair has moved some. I will not be specific here because it is a matter of individual choice. That way you can't lose. Sometimes you will make a few pips, sometimes big, and sometimes nothing. but also notice that at that time of day, 15 GMT, the market is slowing down so you can't expect big numbers. Second is the fact on that chart that Dollie did not show the early move long. Folks sometimes it just doesn't work. that is why you need to use it along with other indicators. I love the energy of this forum with great questions and people really trying to get better.
  • #189
  • Jun 19, 2007 3:21am Jun 19, 2007 3:21am
Yes akhan,

i took exactly that entry and exactly that exit, i also do as pip says, move to breakeven once we can do it and it happens as he says, sometimes hits us in zero, but many times runs.

Today still no signal, maybe in ny after the news.
  • #190
  • Jun 19, 2007 5:10am Jun 19, 2007 5:10am
Quoting blanca
Yes akhan,

i took exactly that entry and exactly that exit, i also do as pip says, move to breakeven once we can do it and it happens as he says, sometimes hits us in zero, but many times runs.

Today still no signal, maybe in ny after the news.
Hey everybody,

I was wondering if you take signals that are created due to a news release or is there a period of time you wait to take a signal after a news release. Thanks for all your help. Be Blessed.
Live today as if you will stand before God tomorrow.
  • #191
  • Jun 19, 2007 7:21am Jun 19, 2007 7:21am
everything depends, i usually try not to trade the news, sometimes can be very dangerous, but for example today.

We got signal today early in london for short eurjpy so i hold my stoploss tight right before the news and sometimes goes in my favour like today, sometimes it takes me out, also if i see that the news generate a clear signal, and if they dont move up and down like a yoyo then i take it too, but in my opinion is better to take the moves before them, ny news specially on fridays are surprising.

ah signal today short eurjpy 165.60, still open
usdjpy short 123.52
  • #192
  • Jun 19, 2007 1:38pm Jun 19, 2007 1:38pm
I understand that this indicator is best used on higher time frames, but i was wondering what time frames do most of you use. The reason why i am asking is because i would prefer if i could use the 4 Hour timeframe but i am unsure if people have been successful trading the 4 Hour timeframe, because it seems like the majority of traders here are trading the 1 Hour timeframe. Also, I was wondering if it is a good idea to enter in a trade based off of the 1 Hour time frame and then use the 4 Hour time frame for a exit or is it best just to enter and exit on the same time frame. Thanks. God Bless

P.S.
Sorry if this message is long its just that i am really enthused about this particular strategy and really want to get a firm grasp on it. Thanks again.
Live today as if you will stand before God tomorrow.
  • #193
  • Jun 19, 2007 4:47pm Jun 19, 2007 4:47pm
both trades were closed with +10 and +10 then did an euro long for +12
  • #194
  • Jun 19, 2007 6:20pm Jun 19, 2007 6:20pm
[quote=Pippy Cent;1470621]I understand that this indicator is best used on higher time frames, but i was wondering what time frames do most of you use. The reason why i am asking is because i would prefer if i could use the 4 Hour timeframe but i am unsure if people have been successful trading the 4 Hour timeframe, because it seems like the majority of traders here are trading the 1 Hour timeframe. Also, I was wondering if it is a good idea to enter in a trade based off of the 1 Hour time frame and then use the 4 Hour time frame for a exit or is it best just to enter and exit on the same time frame. Thanks. God Bless

You are always welcome and the more the merrier. Personally I have not used this with the H4 but I don't see why not. I would watch for what time of day and what pair you are trading to make sure you have the best chance of success. Just make sure you are not going into a dead period of the market. You are going to have to paper trade your methods for a while to see about the timing of entry and exit. Also make sure your stop loss is big enough to go through the ups and downs ( and only you can determine what amount that is).I am even more excited about using the daily charts for those moves that happen once or twice a month but for 100+ pips. The gbp/jpy in 8 days went 500+ .
  • #195
  • Jun 20, 2007 3:02am Jun 20, 2007 3:02am
today all jpy pairs gave short signals, but after 2hrs all of them turned around, so all of them in zero, lol. lets see if cable later give us a good signal.
  • #196
  • Jun 20, 2007 7:17am Jun 20, 2007 7:17am
cable long at 1.9890 still open +30
gbpjpy long at 245.48 still open +65
then later

usdjpy long 123.40 still open +10
eurjpy long 165.77 still open +9


Even today at the beginning we had this tricky move the cable news in london gave finally some good moves specially gbpjpy.
  • #197
  • Jun 20, 2007 8:53am Jun 20, 2007 8:53am
Quoting blanca
cable long at 1.9890 still open +30
gbpjpy long at 245.48 still open +65
then later

usdjpy long 123.40 still open +10
eurjpy long 165.77 still open +9


Even today at the beginning we had this tricky move the cable news in london gave finally some good moves specially gbpjpy.

----
Blanca, are you pin pointing your entery using a 5 minute chart ?
  • #198
  • Jun 20, 2007 9:12am Jun 20, 2007 9:12am
I believe someone had posed this question earlier in this forum, but i don't believe that it was answered. Forgive me if I am mistaken. What role does the moving averages play in this strategy and what are the rules for using them. Thanks and God Bless
Live today as if you will stand before God tomorrow.
  • #199
  • Jun 20, 2007 10:49am Jun 20, 2007 10:49am
I raised the question before, and blanca answered she is using same 1hr timeframe to entry and exit. That still confuses me a bit. For exit, doesnot matter any timeframe, as I really see the price mainly for exit. But, entry is on a certain pip, how I see a 1H candle's movements in the chart to pinpoint entry? If anyone has any clear idea about how to decide about entrypoints, please post: as that will help to improve this excellent strategy.


Quoting Pippy Cent
I believe someone had posed this question earlier in this forum, but i don't believe that it was answered. Forgive me if I am mistaken. What role does the moving averages play in this strategy and what are the rules for using them. Thanks and God Bless
  • #200
  • Jun 20, 2007 11:32am Jun 20, 2007 11:32am
Quoting MegaPips
I raised the question before, and blanca answered she is using same 1hr timeframe to entry and exit. That still confuses me a bit. For exit, doesnot matter any timeframe, as I really see the price mainly for exit. But, entry is on a certain pip, how I see a 1H candle's movements in the chart to pinpoint entry? If anyone has any clear idea about how to decide about entrypoints, please post: as that will help to improve this excellent strategy.
Maybe this will help. Now last night there was a big news event for the gbp pairs. So you knew there could be some big moves for a while. I couldn't stay up to watch it. On the H1 chart, remember that moves here usually will last for several hours. So the up arrow on the chart is when the news hit. See how that candle went up and down a lot with a large tail on the up side. I would not want to enter there with so much movement up and down. I want better candles. The next candle was at 9GMT, a half hour after the news. See how that candle started at the top of the previous candle and then continued long. Now I am interested. You also have to know what session you are trading in. Trade with the trend. This is real common in the london session. Now you see at the down arrow shows the blue arrow turning and going short. This indicates that there is a "potential" reversal going to come in the future. But not right now. So move your stops up as you are making pips and watch the pairs. You have a spinning top candle, then a good long candle, then a short candle. This is also why I like to have a macd also to tell me how the pair is moving. If you like you can also go down to a M30 chart for your exit. It takes time and paper trading. Since the larger charts and time frames have fewer moves a month, it may take you a few months of practice to get this down. That is one of my favorite things knowing the market will be there and there is always another move. When I am ready, the pips will flow. Personally at this time, the pair has moved 70+ pips. Take it. Not a bad day. Beats having a job.
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