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Dollie's Safe Pips Indicator

  • #421
  • Sep 24, 2007 3:24am Sep 24, 2007 3:24am
Here's another nice example of my method of trading this system. It was around the same time as my last example, and you can see the three vertical yellow lines showing the rapid crossing of the green RSI line from the lower zone before breaching the upper zone. Whilst this is going on, we see in the middle window everything proceeding nicely again until the lsma3 once again crosses into the orange/blue zone. The M3 line is the penultimate barrier to the trade, with Guppy MMA again giving the final "nudge" to get in. The R1 line would have been a good place to exit, giving a profit of 19 pips. What a nice simple logical method Dollie has given us, and for me, the icing on the cake is the Guppy MMA. As you can see, I'm using the 5m TF, but the whole thing works in any TF as far as I can see.
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  • #422
  • Sep 24, 2007 4:10am Sep 24, 2007 4:10am
Quoting eyevoltage
A lovely example this morning on Cable of everything falling into place, giving what would have been a very satisfactory result. Unfortunately, I was still fast asleep in bed! Starting in the Dynamic Zone, we see the green RSI line crossing the blue MA. This cross was already above the red dotted middle zone, which was a very positive sign. Slightly before the yellow vertical line, the green RSI then crossed above the orange upper zone, effectively telling us all to "get in NOW!!" Just after the yellow vertical line, we see the lsma3 in the middle window crossing into the orange/blue zone. All good signals promising a nice trade. As I like to utilize the Guppy MMA method into the Dollie system, I would have waited until I could see evidence of a separation of the ST and LT ma's, with a positive upward movement of the the ST ma's before opening a trade at the first yellow arrow. The second yellow arrow indicates the exit, smack on the R2 line, giving a profit of 37 pips. Not bad for 20 minutes "work"! If only I hadn't been asleep!
Hi Eyev

Great setup, what a beauty - even for a 5min chart. Well, we do need some sleep and plenty more to come.

Keep it going!
Willem Forex recipe for success = Patience, discipline & hard work.
  • #423
  • Sep 25, 2007 7:07am Sep 25, 2007 7:07am
I caught this one just after I got up this morning. Mostly, at times like that, one just misses opportunities like this one, but not this time!
It was a lovely pull-back situation which stalled at the S2 line (Yellow vertical). The Guppy MMA LT's were still wide open and headed downwards, whilst the Dynamic Zone Indicator had the green RSI ready to cross the blue MA line. However, look in the middle window and see how everything's coming together at once. The RSI2/CC6 are both crossing down through the zero line at the same time as the Absolute Strength is rising through it. I entered as the candle was passing through the LT 30ema (2.0114) and was about to exit at the close of the next candle, but actually ended up exiting at the open (2.0089) of the next one after that. Result: A fairly respectable 22 pip profit for around 15 minutes of "work". Just out of interest, you'll probably see that there was another pull-back situation just before the trade that I took. Well, quite apart from the fact that I was still in bed, I wouldn't have took it anyway. The reason is that the whole move straddled the S2 line, making it a riskier trade than the one described above. Also, the lsma3 didn't enter the orange/blue zone until the move was nearly over. As it happened, it ended up with a decent result, but I make a habit of respecting pivot levels and only enter trades such as the one above, which give a clear risk/reward indication.
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  • #424
  • Edited 7:59am Sep 25, 2007 7:56am | Edited 7:59am
I missed this one unfortunately, as I was preoccupied with something else, but again, it's a nice example of how the different indicators compliment one another. Again, the heads-up was given by the green line crossing the blue one down in the DZ window. In the middle window, the RSI had already crossed the zero, with the ASI crossing down 5 minutes later. The CCI6 followed the RSI up through the zero 5 minutes after that, but the Guppy MMA wasn't looking too promising, plus the S2 line was very close. However, just after the lsma3 entered the orange/blue zone, a candle punched through the S2 line, with the Guppy ST MMA's starting to separate. Perfect. My entry would have been as indicated at 2.0122, a comfortable position with the R/R in mind. After the close of the first candle of the trade, a doji formed and then another. The second one was a Gravestone doji which formed just under the M1 Line....a good place to exit, under the circumstances. So the exit at 2.0138 would have meant a useful profit of 13 pips. For me, I can't overstate the value of Pivot lines....they come up trumps time after time. Also, closely watching the different types of candles that appear is something that can nearly always prove beneficial to your trading.
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  • #425
  • Sep 25, 2007 3:29pm Sep 25, 2007 3:29pm
Quoting Golfer
Hi Eyev

Great setup, what a beauty - even for a 5min chart. Well, we do need some sleep and plenty more to come.

Keep it going!
Your comments much appreciated, Willem. I seem to be more comfortable with the 5m charts than longer TF's on this method. I don't know why....just seems to be a case of not too long and not too short!

Anybody else going to post a chart or two, I wonder?

Cheers
  • #426
  • Sep 26, 2007 6:33pm Sep 26, 2007 6:33pm
I was otherwise engaged today, so no time to trade. However, I've just been browsing through the day's activity, and spotted these examples.
In the vertical channel 1, the green line crosses the blue at the same time as the lsma3 enters the orange/blue zone. The RSI2/CC6 had already done the business by crossing the zero line, so my entry would have been under the yellow arrow. It's pretty obvious from the Guppy MMA LT ma's that there's a nice gentle uptrend in residence, so it would have been a confident entry. In addition, the R/R situation is pretty good, with the M3 line the target for exit. However, the price managed to pierce the M3 line, with another strong candle following just as the lsma3 was leaving the orange/blue zone. A good exit signal, leaving a potential profit of 24 pips. The second possibility in the 2nd vertical channel seems pretty clear cut. Except for the price being too near the M3 line. Everything seems good to go in the 2 lower windows, but that pesky M3 line would have stopped me entering the trade. The Guppy MMA is saying "GO"!!, but the M3 is saying "NO"!! Well, as Dirty Harry used to say: "You gotta ask yourself, do you feel lucky?"
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  • #427
  • Sep 26, 2007 10:21pm Sep 26, 2007 10:21pm
Here's a chart for you. This is why I am switching to the H4 charts. Now the GBP/JPY has been channeling and I plan on getting some of this. I am still perfecting this system. Here is a lesson for all the new people: I have been studying this system since the beginning. But since I am now trying a new time charts for me (and finally listening to Dollie), I am paper trading and copying charts in Microsoft word to study this weekend. I am not going to trade live until I have a better understanding of the moves. There is no reason to rush. but it won't be long....
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  • #428
  • Sep 27, 2007 2:44am Sep 27, 2007 2:44am
What does your triple hull consist of?

Quoting pip pirate 2
Here's a chart for you. This is why I am switching to the H4 charts. Now the GBP/JPY has been channeling and I plan on getting some of this. I am still perfecting this system. Here is a lesson for all the new people: I have been studying this system since the beginning. But since I am now trying a new time charts for me (and finally listening to Dollie), I am paper trading and copying charts in Microsoft word to study this weekend. I am not going to trade live until I have a better understanding of the moves. There is no reason to rush. but it won't be long....
The road to pipland is arduous and fraught with challenge.
  • #429
  • Sep 27, 2007 3:12am Sep 27, 2007 3:12am
Eyevoltage - thank you for your charts and comments. They have helped my Dollie trading significantly.
  • #430
  • Sep 27, 2007 3:30am Sep 27, 2007 3:30am
Quoting orientos
Eyevoltage - thank you for your charts and comments. They have helped my Dollie trading significantly.
My pleasure, mate. Good luck with your trading.

Cheers
  • #431
  • Sep 27, 2007 3:51am Sep 27, 2007 3:51am
Good luck with the 4H charts, mate. Personally, that's far too long a period for me, but each to their own.

Your charts are, of course, different from mine in various ways, regardless of the TF. However, I think that this goes to prove what a superbly versatile method Dollie has given us. I often wonder what people think after they've posted a good method, and then watch as other members of the forum take it apart, kick it around and then finish up with either improving it, or making it that complicated it's just not worth the hassle anymore. A case in point was a while ago, when Sidus presented the forum with a nice system that was simple and straight to the point. That thread grew into a monster, with everybody piling in, suggesting changing this and changing that, until, in my opinion, it got out of control.

I hope that doesn't happen with Dollie's method. There's a lot to be said for keeping things nice and simple, I'm sure you'll agree.

Good luck, pirate, and I look forward to seeing some more of your excellent charts.

Cheers
  • #432
  • Sep 27, 2007 5:34am Sep 27, 2007 5:34am
Hi,
Ia not new to forex, but I just register for a demo on meta trader. Dont know how to build charts or to import orcopy your indicators from the files you have put in the thread. Can anyone help without sending me to university? Please, much appreciated.
  • #433
  • Sep 27, 2007 5:34am Sep 27, 2007 5:34am
Check this one out. A lovely combination of indicators all "playing in tune", so to speak. The green crosses the blue AND the lower zone simultaneously, whilst in the middle window, three indicators all meet at the zero line on their way up and down. So then it was just a case of waiting for the lsma3 to cross into the orange/blue zone, which it obliged with three periods later. I entered the trade there, without waiting for the Guppy MMA to start rising. The reason was that the Guppy LT showed no sign of narrowing or changing direction, plus, price was just above the R1 line, giving an excellent R/R situation. When price was just below R2, I thought about exiting the trade, but Guppy was starting to look REALLY up for it, plus the ASH in the middle window was starting to dip into the OS area. Consequently, I let the trade run for a while. It was the dragonfly doji forming just as the lsma3 showed signs of exiting the orange/blue zone that prompted my exit. 27 pips in the bank. I'm liking this Dollie/Guppy combination more and more, not least because of the highly "visual" effect that's hard to miss.
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  • #434
  • Sep 27, 2007 5:43am Sep 27, 2007 5:43am
Quoting RSA
Hi,
Ia not new to forex, but I just register for a demo on meta trader. Dont know how to build charts or to import orcopy your indicators from the files you have put in the thread. Can anyone help without sending me to university? Please, much appreciated.
My advice would be to go the section of this Forum that deals exclusively with MT4. Spend some time on that section, reading all the threads, whilst just playing around with the MT4 charts. Don't even think about trying to trade until you're thoroughly familiar with the MT4 platform. Read, watch, study and learn. It'll pay dividends, I promise you.

Good luck, mate.
Cheers
  • #435
  • Sep 27, 2007 5:47am Sep 27, 2007 5:47am
Hi Eyevoltage,

Would you be able to post your template and indicator combination so I can replicate your beauty of a chart set-up.

Looks like this could give some nice moves on volatile pairs whilst waiting for the hourly candles.
  • #436
  • Sep 27, 2007 6:01am Sep 27, 2007 6:01am
No,

Currently sitting in a spare room in Shrewsbury, eyevoltage has the right football team, just want his chart setup as well and then hopefully do a better job than our team did last night.

Alex wasn't happy
  • #437
  • Sep 27, 2007 6:43am Sep 27, 2007 6:43am
Hi Scorpion and Ironball.
What can I say? Your wish is my command!

I'm not sure if I can send them all at once, so to be sure, I'll split the posts.

First of all, I don't have an indicator for the Guppy. I use one I made up directly on the chart. Here's what I use:

Short Term: 3 5 8 10 12 15 (All ema) 3 to 12 is Olive Drab, and 15 is Gold.
Long Term: 30 35 40 45 50 55 (All ema) 30 is Dodger Blue, 35-50 is Red, and 55 is Dark Turquoise.

So you'll have to put them all on the chart yourselves, I'm afraid. (Oh, do I have to? Yes, I'm afraid you'll have to! )

Indicators are: CCI (6), Absolute Strength Histogram V2, RSI 2 and the lsma3 for the middle window.

Dynamic Zone RSI (14,20,5) in the bottom window.

In addition, I use the MultiplePivot V2 indicator in the main chart window.

Cheers
Attached File(s)
File Type: ex4 AbsoluteStrenghtHisto_v2.ex4   8 KB | 632 downloads
File Type: mq4 AbsoluteStrenghtHisto_v2.mq4   8 KB | 851 downloads
File Type: ex4 lsma 3.ex4   3 KB | 548 downloads
File Type: mq4 lsma 3.mq4   3 KB | 939 downloads
File Type: tpl dollie-guppy.tpl   16 KB | 722 downloads
  • #438
  • Sep 27, 2007 7:00am Sep 27, 2007 7:00am
Hi again.

I believe the crowd last night for a Carling Cup game was around 74,000, which rather puts to shame Chelsea's 24,000 for a Champions League game the other week!!

Anyway, back to business. Here's the Dynamic Zone RSI and, if you want it, the MultiplePivot V2. Not everybody uses Pivots, but I wouldn't be without them.

I don't think I've left anything out, but I'm sure you'll let me know if I have!

By the way, in case you're wondering, I've included the .ex4 and the .mq4 files together, as I'm not certain if you need them both or not. So, to be on the safe side, load them all into the relevant file. Perhaps some kind soul could enlighten me as to the significance of the different suffixes?


Best of luck, guys.
Cheers
Attached File(s)
File Type: ex4 Dynamic_Zone_RSI 2.ex4   4 KB | 611 downloads
File Type: ex4 MultiplePivotsV2.ex4   24 KB | 483 downloads
File Type: mq4 MultiplePivotsV2.mq4   26 KB | 576 downloads
  • #439
  • Sep 27, 2007 7:08am Sep 27, 2007 7:08am
Thanks eyevoltage,

I see you have been checking out other 5 min strats, are you currently concentrating on this one.

I watched this thread when dollie first started it but sad to say looked away to other areas but now I have a 60m set-up I am happy with and am ready to look again for a 5 min strategy for the in-between times, especially on things like the GBPJPY.

Apart from the trades you have posted what other experiences have you had with the system (good or bad).

Thanks again for your help with the template.
  • #440
  • Sep 27, 2007 7:10am Sep 27, 2007 7:10am
What is your "starting point" for looking for a trade, obviously you can't watch all the indicators at once, is there one thing you look at and say "this may be a trade setting up"
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