Dollie's Safe Pips Indicator | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Silver/USD

Similar Threads

What's better - A safe 20 pips or potential larger moves? 8 replies

More Pips Vs. Safe entries 19 replies

Strategy to take safe pips every day 184 replies

What is the highest probability way to make safe pips? 9 replies

My Dollie System Trades! 5 replies

Thread Admin: Dollie's Safe Pips Indicator

Posting Controls

Edit Thread Title

Edit Time Remaining: Expired

Linked Trade Explorers

Attached Poll

There is currently no poll. Add Poll
Attachments: Dollie's Safe Pips Indicator
Exit Attachments

Dollie's Safe Pips Indicator

  • #461
  • Oct 16, 2007 12:35pm Oct 16, 2007 12:35pm
Quoting pip pirate 2
Hey eyevoltage: I am always looking at the board several times a day, hoping that it doesn't die. but as I said before, I am trying to change my trading ways to the longer time frames. It's hard after a few years of scalping. Good luck and many pips to you eye and those that can do it but I have to change for me. Here is one that I can't believe I missed twice. This system is great if you do it. This is almost 300 pips. Triple hull told us it was coming, we got flat macd's right before the move and then the adx was good on the last move. What more do we want?
I think there's only you and me keeping this thread going, mate. Like I said before, this method is so good and incredibly versatile; I just can't understand why more people don't stay around, unless they're too busy making money, that is!
I liked your chart, mate, and whenever I see a "new-method" chart like yours, I always say I'm going to have a go and see what happens. Let's face it, there's nothing complicated about it. Just spend a little time getting used to the different indicators and what they're doing, whilst watching them in action. It's not rocket science, is it?
I notice that your chart is a 1H one, pirate. So I take it that you're swapping back and forth between 1H and 4H, would that be right? Personally, the longest TF I'd use is 1H, but I'm mostly a 5m/15m sort of bloke. There's absolutely no way I'd get involved with 4H charts or longer. I guess I just like to see what's going on during the time I have for trading, preferring to open and close positions there and then, sort of thing.
Would you post your charts on a more regular basis, pirate? To keep the thread going, but mostly because it's all instructive, and the more charts we see, the better we understand what's going on!
By the way, are you any nearer to getting yourself over here in the near future, or is that still a pipe-dream?
Cheers for now, mate.
  • #462
  • Oct 16, 2007 3:19pm Oct 16, 2007 3:19pm
[By the way, are you any nearer to getting yourself over here in the near future, or is that still a pipe-dream?
Cheers for now, mate.[/quote]

Since I found out just in the past few years that I am 1/4 border scot, House of Gordon, I was thinking of coming over at the latest in 2009, with the year long celebration in Scotland. Dream is to be there next year, we shall see. Have been perfecting this longer trade style and the pips will be coming. Must make massive pips first before the wife let's me go on a "business trip" and pub trip. Will be in touch.
  • #463
  • Oct 16, 2007 5:38pm Oct 16, 2007 5:38pm
Quoting pip pirate 2
[By the way, are you any nearer to getting yourself over here in the near future, or is that still a pipe-dream?
Cheers for now, mate.
Since I found out just in the past few years that I am 1/4 border scot, House of Gordon, I was thinking of coming over at the latest in 2009, with the year long celebration in Scotland. Dream is to be there next year, we shall see. Have been perfecting this longer trade style and the pips will be coming. Must make massive pips first before the wife let's me go on a "business trip" and pub trip. Will be in touch.[/quote]

Well, all I can do is wish you the best of luck with the pips, pirate. Oh, and it goes without saying that I also wish you the very best of luck with "The Wife"!!

Funny you should mention heading for Scotland. I live about 40 miles south of the Scottish border. The town in which I live is on the coast and looks right across the Solway Firth to Dumfries and Galloway. A lovely view on a clear day!

All the best, mate.
  • #464
  • Oct 17, 2007 4:01am Oct 17, 2007 4:01am
This is two opportunities in quick succession. The first one I thought was a bit "iffy", so I didn't enter. One has to be happy with the position, otherwise it's a strict no-no. As you can see, after the 1st yellow vertical, it took around 45 minutes before an entry would have been possibly feasible. The reasons for this are: The Guppy not fully developed yet, plus successive candles testing the resistance of the M2 line. A further candle opened below the M2 and closed above it, so things were looking better for an entry. A bearish candle held things up until we finally had what looked like an entry position (1st yellow arrow). Again, doubts crept in as I looked at the Guppy LT lines which were totally compacted. I then abandoned the idea, and if you look at the following two candles with their very bearish upper shadows, I was probably justified. A nice profit missed perhaps, but for me, the signals said "NO!"
The second opportunity was more straightforward for me, as the Guppy by this time had developed nicely and there was a lot of room to move before hitting the Pivot Point i.e. a rather comforting R/R situation. Entry and exit points are clearly marked and the trade ends up with a 32 pip profit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy82.gif Size: 28 KB
  • #465
  • Oct 18, 2007 5:17am Oct 18, 2007 5:17am
Another nice opportunity after a period of sideways movement and a very compacted Guppy. At times like these, it's always useful to draw S/R lines (green dotted lines) and wait and see if they get breached. The DZ gave a very early warning of something happening (1st yellow vertical), and everything was set up nicely in the middle window, just waiting for the lsma3 to enter the orange/blue zone. That happened at the same time as the DZ green line crossed the red middle band (purple rectangle), so it was a case of waiting for the Resistance line to be crossed. It was crossed just as Guppy ST was starting to expand, and I eventually exited just as the lsma3 was leaving the orange/blue zone. I have to admit I was a bit concerned by the candle before my exit candle, as it formed a very bearish long shadow at the R1 line, but Guppy by that time looked very strong, which is why I decided to let the trade run for a little while. If it hadn't been for Guppy, I'd have been out pronto, which just goes to show yet again how Dollie and Guppy complement one another.
If there's anybody else out there using this great Dollie method, then feel free to pop in anytime. I'll even put the kettle on. (For a cup of tea. It's an English thing!)
Attached Image
  • #466
  • Oct 18, 2007 1:37pm Oct 18, 2007 1:37pm
I've been watching it, it moves good if you try and focus on only the LSMA and nothing else until you get your signal..

I'll try post some charts when I see them.. Ive got it loaded on GBPUSD/GBPJPY/EURUSD/NZDUSD

And save the cup of tea.. geordies don't drink with Mancs..
  • #467
  • Oct 18, 2007 5:55pm Oct 18, 2007 5:55pm
Quoting leeshindig
I've been watching it, it moves good if you try and focus on only the LSMA and nothing else until you get your signal..

I'll try post some charts when I see them.. Ive got it loaded on GBPUSD/GBPJPY/EURUSD/NZDUSD

And save the cup of tea.. geordies don't drink with Mancs..

lol...................
  • #468
  • Oct 19, 2007 2:42am Oct 19, 2007 2:42am
This one from the swissy this morning would have tested the patience of a Saint! Roughly three quarters of an hour from the initial signal until my entry point. I could have got in earlier, but I wanted to make sure everything was in my favour. My first priority was for the price to clear the M2 line along with the Guppy showing signs of coming out of its very congested state. My entry was at the point where I could finally see a separation of ST and LT lines, with price still in a good R/R position. My exit was obviously prompted by the proximity of the Pivot line, plus the forming of the gravestone doji. In the end, a handy 18 pip profit, but the trade was also a good lesson in patience, and taking into account pivots, candles and Guppy's signals, after Dollie played its own very important part.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf14.gif Size: 18 KB
  • #469
  • Oct 22, 2007 4:16am Oct 22, 2007 4:16am
Cable produced this opportunity this morning, but boy, one had to wait for the action for quite a while after the initial signal. From the 1st yellow vertical to the 2nd one, there was about an hour and 10 minutes to wait. I wasn't really concerned with the lsma3, because I was still waiting for the ASH to finally rise above the zero line, which, when it did, was the entry signal I was waiting for. I got in at 2.0470, just under the S1 line, and the entry was reinforced by the nice widening of the Guppy ST ma's, plus the way they were separating from the LT's. Exit was routine at the 3rd yellow vertical, with the price at 2.0425,just above the M0 line as the lsma3 was leaving the orange/blue zone. Well worth the wait!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd105.gif Size: 21 KB
  • #470
  • Oct 22, 2007 5:24am Oct 22, 2007 5:24am
I really wish I'd seen this one. Swissy shows just how good this method can be from time to time. It was Dollie who showed the way in with the green/blue cross in the DZ window. RSI2/CCI6 crossed the zero line VERY decisively, so Dollie is telling us something WAS going to happen. I've got very uncertain about the lsma3 for entries lately, as it tends to wander all over the place, especially when one is backtesting. With this in mind, I prefer to rely on the CCI6, as it stays in pretty close proximity to RSI2, so its entry into the orange/blue zone is more reliable as far as I'm concerned. So Dollie raised the target, and I would have pulled the trigger at the candle crossing the M2 line, leaving it room to breathe before the next line. However, as you can see, one could have left it to Guppy then, as it was opening up nicely with practically no pullbacks whatsoever. A couple of pauses brought us a few dojis signifying "taking a breather" rather than uncertainty. That's the way I interpret it, as there was no sign of Guppy weakening. Still, a good exit would have been possibly at M4, but definitely at R2, as lsma3 had bull-dozed its way into OB territory and was leaving the orange/blue zone. I'll leave you to work out the potential profits of what would have been a great trade!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf15.gif Size: 19 KB
  • #471
  • Oct 22, 2007 8:29am Oct 22, 2007 8:29am
Eyevoltage: I saw your post but was interested why you wouldn't trade the euro/dollar instead. At least here we get a better price and spread. but forget that, look at the pound last night. It can drive me to drink wanting to stay up all night trading the gbp/usd, eur/usd, gbp/jpy. That was 400+ pips in one night. Here is just the chart for the pound. I don't think I need to detail all the signs on why this trade looks good.
Attached Image (click to enlarge)
Click to Enlarge Name: steve 5.gif Size: 24 KB
  • #472
  • Oct 22, 2007 1:25pm Oct 22, 2007 1:25pm
Quoting pip pirate 2
Eyevoltage: I saw your post but was interested why you wouldn't trade the euro/dollar instead. At least here we get a better price and spread. but forget that, look at the pound last night. It can drive me to drink wanting to stay up all night trading the gbp/usd, eur/usd, gbp/jpy. That was 400+ pips in one night. Here is just the chart for the pound. I don't think I need to detail all the signs on why this trade looks good.
I sympathize, mate. In answer to your question re the eur/usd.......quite simply, this morning presented so many opportunities, I guess everybody over here would have been spoilt for choice! For me, I guess, I traded Cable because that's the main pair I watch, with the other major pairs on the sidelines which I check out from time to time.
Your chart was pretty self-explanatory, mate, and I can understand your frustration. Attached is how I would have seen it, if I'd been checking out the 1H chart. I would have had a choice of two entries.....the aggressive one at 2.0492, or the break-out one at 2.0433, with the exit at or around the doji I've marked at 2.0274. Either one would have yielded a good profit, mate. I guess I'm going to have to check the 1H charts out more often!
Get yourself over here, mate, and as we say over here, fill your boots!!!
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd106.gif Size: 27 KB
  • #473
  • Oct 23, 2007 3:26am Oct 23, 2007 3:26am
Yet another Cable offering this morning. Yellow vertical indicates the first inkling of something coming up (Green/Blue cross in the DZ window). Everything was looking good in the middle window just after that point, so it was just a case of waiting for the price to get above that Pivot line and see if Guppy was going to sort itself out. After around half an hour, things started happening and the rest is history, as they say. A nice entry point (great R/R situation), and an excellent exit target achieved at just under the M3 line.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd107.gif Size: 21 KB
  • #474
  • Oct 23, 2007 4:52am Oct 23, 2007 4:52am
This time it's the EUR/JPY that makes us wait for potential riches to unfold. The DZ window gives us a heads-up at a time when price is looking distinctly ropy, to put it mildly. One wonders what can possibly develop from this position. However, looking at Dollie in the middle window, it's pretty obvious that it looks as if it means business, but Guppy looks very compressed. So, it's back to the waiting game, and the eventual entry is where there is an obvious gap opening up between Guppy ST's and LT's. Seeing as the entry is above the half-way mark between pivot lines, a small SL is advisable (well, it always is, isn't it?) and is indicated by the green dotted line. Eventual exit is at 163.02, just over the M3 line, but the profit has been savaged a little by the spread on this pair, which, at this time, is standing at 8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy86.gif Size: 21 KB
  • #475
  • Oct 23, 2007 8:57am Oct 23, 2007 8:57am
Quoting eyevoltage
This time it's the EUR/JPY that makes us wait for potential riches to unfold.... Eventual exit is at 163.02, just over the M3 line, but the profit has been savaged a little by the spread on this pair, which, at this time, is standing at 8 pips.
I know that, since we live in different countries, the pip spreads and payouts are not the same, but mate you need to get another broker! 8 pips on eur/jpy is outrageous. My spread is 4 with a 80 cents (.8) to the dollar payout on all jpy pairs. We pay 9 pips on the gbp/jpy, which is too high but the way it moves it is worth it. You can even go 4 pips with small commission on the g/j. Since the UK is the capital of forex I would think there would be better competition and pricing. Look around as that is a great pair to trade.
  • #476
  • Oct 24, 2007 4:23am Oct 24, 2007 4:23am
Quoting pip pirate 2
I know that, since we live in different countries, the pip spreads and payouts are not the same, but mate you need to get another broker! 8 pips on eur/jpy is outrageous. My spread is 4 with a 80 cents (.8) to the dollar payout on all jpy pairs. We pay 9 pips on the gbp/jpy, which is too high but the way it moves it is worth it. You can even go 4 pips with small commission on the g/j. Since the UK is the capital of forex I would think there would be better competition and pricing. Look around as that is a great pair to trade.
I hear what you say, mate, and that broker is ditched. Thankfully, with this system I'm using, there's more winners than losers, so that spread didn't hurt as much as it could have done! The other spreads seemed ok. I don't know why, but I didn't check what the spreads were on ALL the pairs, just the ones I usually look at. Obviously, eur/jpy wasn't one of them, which will teach me a lesson for the future. From what I've seen on other brokers sites, gbp/jpy averages around 7 pips over here, but I could be wrong obviously as I haven't checked them all out. Thanks for your post, mate.
Cheers for now.
  • #477
  • Oct 25, 2007 1:23am Oct 25, 2007 1:23am
Could you guys please tell me the rules you are using for this system. By looking at your posted screenshots it seems as if you have modified the system.

thanks
  • #478
  • Oct 25, 2007 3:52am Oct 25, 2007 3:52am
Quoting Squidster
Could you guys please tell me the rules you are using for this system. By looking at your posted screenshots it seems as if you have modified the system.

thanks
If you read this thread from the beginning, you will see that you're correct in your assumption that it has been modified. However, I still use the original Dollie system, to which I've added the Dynamic Zone indicator from the new Dollie system and also the Guppy MMA method. I stress that this is MY modified version of Dollie, which I've found to be very effective. If you look at the various screenshots and read the accompanying analysis, you won't have any difficulty interpreting the method.

Cheers
  • #479
  • Oct 25, 2007 4:19am Oct 25, 2007 4:19am
I switched to the 15m chart for this one. The 1st yellow vertical indicates the first signal from the DZ window. (I was actually still in bed at this time!) By the time I finally got up, and saw what was happening, price was ambling along the Pivot line, whilst Guppy was slowly waking up. Price opening above the Pivot line signalled my entry, and that's when Guppy took over. Initially though, if you look at the middle window at the time of the DZ indication, you'll see how the RSI2 has already crossed the zero line, with the CCI6 rapidly following. The ASH is already languishing just above the OS line, so everything at that point was signalling a potential trade. Other traders may have entered before me, but I prefer to wait until the Pivot line has been breached. I was tempted to exit as the M3 line was reached, but again, Guppy was indicating possible further action, so I waited, with the result you can see on the chart. Not a bad result seeing as how I was asleep when the move started!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy87.gif Size: 16 KB
  • #480
  • Oct 25, 2007 12:11pm Oct 25, 2007 12:11pm
Quoting Squidster
Could you guys please tell me the rules you are using for this system. By looking at your posted screenshots it seems as if you have modified the system.

thanks
The rules are at the beginning of the thread. The latest motified version starts at post #296. Paper trade for a month or two. You will love it. Eyevoltage is the man as you can see by his trades.
1 trader viewing now