Dollie's Safe Pips Indicator

Welcome all our friends from the U.K.,as I am from California and envy you all. As I have said here many times, you all are lucky to live in the best time zone of all for trading the forex. Just trade your brains out for a few years and then you can leave where ever you want. My goal is to visit in 2009 for several weeks but I just figured it will cost me triple to live there on vacation than it does here so I need more pips! Glad to see all the new posts.

I was reading through another thread (3 ducks) and I liked the concept of checking your signals over longer timeframes and only go into your trade if they both say the same thing. For me, I am going to confirm my 1min charts with the 15min charts. My main concern will be that if my 1min chart is telling me to go short that the price on the 15min chart is below the guppy and do the same if I am looking to go long. The chart I have attached is the same one from above that I lost 11 pips but is now on the 15min. It clearly shows me that the trend was still short where I went long. I don't have facts but I bet a good deal of my losses would follow this same pattern. I might miss out on a few winners but it would be worth it if I can get my winning percentage even higher.

I love (and hate) the psychology of trading and how people think. It is the battle that I have with myself. In fact this week I was doing some stupid trading so I stopped all trading for the week and watched hundreds of pips go by in the past few days. And I am okay with it as I am learning more about myself and what Dollie's indicators are teaching me. I just saw this video from the moneyshow.com in Las Vegas and I would encourage all of you to see it. Here is the link. I don't know if it will work as you need to be a free member, so if it doesn't work, go to the www.moneyshow.com, free webinars and look for Rob Booker. It was really good.


http://www.moneyshow.com/msc/traders...F659852F4&pg=2

thanks for sharing that pirate

I thought this might be an interesting one to show, taking into account Scorpion's comments regarding signals that look promising, but turn out to be duff. (Like Homer's beer, probably!)
The first green vertical shows the DZ showing a nice green/blue cross. Everything's looking good in the middle window, as well, but look at the actual price. It's straddling the Guppy LT's as the ST's drop lower behind it. So basically, if you took the trade, (and for my money, no self-respecting Guppy exponent would have) you'd be trading TOWARDS the 55ema, which is wrong, wrong, wrong! Guppy is, in actual fact, telling you NOT to trade. However, if you take Guppy away, and the pivot lines as well, then you could have profited to the tune of nearly 50 pips. On the other hand, you might not have, because without any indicators, you wouldn't have had a clue WHAT was going on.
After the large candle, price ambled along the M2 line until Guppy finally gave us a clear and concise picture that something worthwhile was happening. At the same time, everything looked good with the DZ and the middle window. If I'd took this trade (which I didn't, as I was busy with other things), then my entry would have been just under the M2 line indicated by the yellow arrow, with exit as indicated. Guppy is looking really good by then, once again proving its worth.
I've looked at some of my past trades, after Scorpion's questions yesterday, and I realize that, yes, I've been a bit sloppy sometimes in justifying trades. So in actual fact, he's done me a favour, as he's caused me to try and tighten up and pay more attention to what's going on EVERYWHERE (!), as it really does pay in the end.

Great post Eye. I never really paid much attention to Guppy until I read some of your posts and now I use the Guppy and my EMAs as my primary trade action. Everything else supplements what they are saying and confirm the data. I think sometimes people get away from looking at the actual price and what it is doing and focus too much on indicator windows (I am guilty of this as well).

This has been a very good week and I hope everyone got their share of the pips. I am posting 2 more charts for this week and I am done and taking a nap (I live in Philly and wake up every morning @ 2am to start trading - Pirate is right... you guys over in Europe are so very lucky).

Derm... I started to experiment with the Laguere. It seems to give a strong confirmation when it is running flat at either extreme. Let me know if I am using this correctly.

Now for the trades. I got in a 3 trades today (usyen, ausyen, euryen). I started on the 1min charts (as always) and was getting my 4-6 pips but sensed a stronger move so I switched to the 5min charts, saw this was correct and rode it out for over 100pips combined. I'm attaching the EurYen (the best trade) 1min and 5min charts so you can see the difference and how choppy the 1min chart is compared to the nice smooth 5min chart.

Have a great weekend everyone!!!!

I've just read all 38 pages about this system and am amazed it hasn't drawn more interest. I will start demoing it early next week. Many thanks to Dollie and Blanca for its early development and Pip Pirate and Eyevoltage for recent improvements. Delage

I want to welcome you to this post and congradulate you on your successful trading. I know you will be successful by the first post stating that you read all 38 pages. Way to go. Now all the answers you have are in there so we all look forward to your comments.

Here is a shot from yesterday Asian through the US session. The first arrow on the triple hull is at 0GMT when the asian market opens. So it is telling us that a move short may be happening, and as it develops it is a classic example. The second arrow on the zero macd is at 1GMT. Then the pair goes through the london session without much movement, a little retracement, and then in the US session it moves again. The arrow and the red vertical line are at 15 GMT. A continuation of movements from the earlier sessions. See how the triple hull was telling us it might move short again, starting its move short (blue RSI2) at 13 GMT.

can u send the latest template for this system

Go to post#296 and beyond to find the indicators. Please read the entire system and paper trade for months to understand it. 99% of the answers to your questions are in the posts. Welcome!

These are mostly for Eyevoltage as I'm following his system modifications as posted in posts #437 and 438 (hint, hint - harwedar). Others are encouraged to join in, of course. I have downloaded all indicators to their proper place in the trading platform program files and have installed them on the chart, except the dollie guppie indicator, which will not open. Any ideas? Also, how do I place the 10 and 90 lines, in the middle window? In the ASH indicator in the middle window, there is an extra light blue dotted line not in your examples. I assume it isn't necessary, how do I get rid of it? Thanks, Delage

No zero line in my middle window, either. Delage

first of all, I'll like to thank dollie, pip pirate, eye voltage, blanc, i swear the list goes on....cant believe i didn't see this thread earlier...well, i guess everything happens for a reason...i hate paper trading. the only time you should paper trade is when your new to a trading platform. its just like borrowing your friend's car when his out of town. your going to be reckless when driving. i read the whole thread and tried it live..and wow 60 pips.
i have been trading for 3 months now...spend virtually 18-22 hours watching the market (4real), read alot of books, burnt down 3 accounts.
i really think this system will help stop those bastards from taking my money.

Thank you for your post, mate, and I'm sorry you're having a few problems with my mods.
I'm not sure what you're referring to when you mention the "dollie guppy indicator", so I can't help you there. In the middle window, you have (or should have) RSI2 (blue line), CCI6 (white dotted line), ASH (Orange line) and the lsma3 (Red, Yellow and Green line). To get the 10 and 90 lines, open the RSI2, click on "Levels" and insert them there. To get the Zero line, open up the CCI6 in the same manner, click on "Levels" and insert a zero in there.
That should solve your problems, mate. However, again I'm not sure why you have an extra light-blue line dotted line in the middle window. I'll have to look into that one.
Anyway, I'm attaching a template of the Dolly-Guppy that I use. I no longer use the ADX attachment, but if you want it, all you have to do is insert it from your list of indicators.
If I find out what that light-blue line is, I'll post another message ASAP.
Cheers for now.

Eye, I have easily placed the 10, 90, and zero lines. The light blue dotted line is now solid, I've played around this afternoon with the platform, but is connected with the ASH, as it shows 2 lines. Downloaded new dollie guppy but not in indicator window or on chart, will continue to fiddle with this thing. Delage

i was studying the dynamic zone rsi and i swear it looks almost exactly like another indicator i know.. its called traders dynamic index. am going to upload the manual so that you guys can understand how it really works..opps the file is too large..
thats the address and u should START reading from PAGE 30
http://www.forexmt4.com/_MT4_Systems...mics/TDI_1.pdf

Eye, In post #437, you state "the guppy is made up directly from the chart". How is that done? Am I correct in assuming that the dolly guppy. tpl is a template to help make the guppy indicator? Delage

Eye, The guppy is made of Moving Averages that I attach to the chart, giving each a level and color! Am proceeding, will check back later. Delage

I have the guppy lines installed! Delage