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Dollie's Safe Pips Indicator

  • #581
  • Nov 19, 2007 5:49pm Nov 19, 2007 5:49pm
Quoting Delage
I have the guppy lines installed! Delage
My apologies, Delage. I sort of assumed you knew that Guppy was made up of different ma's. The green lines, plus the yellow one, are the short-term ones. The red ones, the blue one and the aqua one are the long-term ones.

If you're not sort of "up to speed" with the Guppy thing, then I would recommend you read up on it. Google it and you'll find loads of info that'll help you along.

I still don't know what that light-blue dotted line was, mate. Sorry.

Good luck.
Cheers
  • #582
  • Nov 19, 2007 6:41pm Nov 19, 2007 6:41pm
Thanks for the help. I will google the guppy. Delage
  • #583
  • Nov 19, 2007 7:29pm Nov 19, 2007 7:29pm
Welcome to the thread Delage and Spotless. This truly is a remarkable system and if you incorporate the Guppys your success rate will be awesome.
  • #584
  • Nov 19, 2007 9:43pm Nov 19, 2007 9:43pm
Just got through it all, whew...lot's of stuff here. I'm a devout follower of Phillip Nel's 4 hour method and I'm looking at this to compliment that method. I'm interested to see how the DZ sets up with the 4 hr method's moving averages, MACD formations, and trend continuation entries as a filter and as a probable quicker/multiple re-entry into the trend method. Going to need some extra printer cartridges I guess...

eyevoltage: What time of day do you use to calculate your pivots? I've used 5pm EST USA and midnight but lean towards midnight to calculate them. Can you post the pivot indicator as well?

I think you stated that you mainly trade off of the 5min chart but the majority of your screenshots look like 15min charts. My guess is if the 5miin is stuck in a range you venture towards the 15min to give the charts some breathing room to get going or it's a matter of what feels better (instinct) at the time.

I've never used the Guppy set-up. Can you give a brief explanation, if there ever was such a thing with trading, on how this should be used or should I just Google it and take it from there.

Again, the DZ and the LSMA 'patience factor' looks very interesting....

Now I just have to go through the list of all the indicators I downloaded from this thread to pick out the ones I actually need..templates too....

pip pirate: thanks for all the work you have done here as well including Dollie and Blanca for their initial work.
  • #585
  • Nov 20, 2007 1:55am Nov 20, 2007 1:55am
If you have any extra lines that shouldn't be on the indicators just go into each indicators colour settings, find the one you don't want and change the colour to "none"
  • #586
  • Nov 20, 2007 3:29am Nov 20, 2007 3:29am
ladies and gentlemen....i think dollie has found the holy grail. am new to this thread and i was studying it when suddenly DAM!!!! almost all currency pairs started acting fun. i went long on GBP/JPY and i made 190 PIPS!!!!.i couldn't sleep yesterday.. and eyevoltage i think am in the best trading time zone (gmt+1). an hour ahead of you guys (west africa).
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  • #587
  • Nov 20, 2007 4:03am Nov 20, 2007 4:03am
Where was your entry spotless, was it the first arrow on your chart, for consistant good trades make sure you also follow the guppy rules as laid out by eyevoltage, you at least need the ST guppies to be fanning out before entry to be safe.
  • #588
  • Nov 20, 2007 4:17am Nov 20, 2007 4:17am
Quoting scorpion
Where was your entry spotless, was it the first arrow on your chart, for consistant good trades make sure you also follow the guppy rules as laid out by eyevoltage, you at least need the ST guppies to be fanning out before entry to be safe.
your right scorpion, but i have been trading with the dynamic zone rsi also known as trader dynamic index for almost 2 months and the setup to me was right.. sometimes, what i do is when i see a setup like that, i enter the trade and let my indicators proof to me that i was right.
  • #589
  • Nov 20, 2007 4:23am Nov 20, 2007 4:23am
Quoting eyevoltage
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.
Hi my old 5min partner

Great to see that you are doing well with Dollie. I wish you could have met her. I've enjoyed talking to her on Skype and I still value inputs from a few months ago. Unfortunately I cannot contact her anymore because I want to thank her again (hopefully she's reading this - thanks Ger!!!!! Hope you are still making money as you have done previously.)

Yesterday I saw your visit to our old meeting place - Philip's five-minute system. So glad to see that you are still paying us a visit - I am doing the very same on the site. Don't think I have stopped following this system - I was just teaching myself the other five-minute system. I do feel comfortable with that now.

Just to say thank you for the template posted - I will surely use it. I still keep an eye on the Dollie charts before I enter using Philips five-minute system.

Just one question - did you change now to the 15 minutes or you still using the 5 minutes charts?

Talk to you again
Willem Forex recipe for success = Patience, discipline & hard work.
  • #590
  • Nov 20, 2007 5:31am Nov 20, 2007 5:31am
Quoting Palmer
eyevoltage: What time of day do you use to calculate your pivots? I've used 5pm EST USA and midnight but lean towards midnight to calculate them. Can you post the pivot indicator as well?

I think you stated that you mainly trade off of the 5min chart but the majority of your screenshots look like 15min charts. My guess is if the 5miin is stuck in a range you venture towards the 15min to give the charts some breathing room to get going or it's a matter of what feels better (instinct) at the time.

I've never used the Guppy set-up. Can you give a brief explanation, if there ever was such a thing with trading, on how this should be used or should I just Google it and take it from there.
Palmer, I don't calculate my pivots. I use an excellent indicator that automatically calculates and draws the lines on my chart at 23:00 here in the UK, but 00:00 on my chart. The resultant lines seem to work very well, so I haven't bothered altering the settings at all. If you want it, have a look in the attachment list and download it from there. It'll save me posting it again! It's called MultiplePivotsV2.
Yes, I did lean towards the 5m charts, but as you've pointed out, I tend to follow the 15m charts now, as they give one a bit more time to weigh things up, so to speak. However, this method seems to work in any TF, with one of our thread members scalping on the 1m charts!
Regarding Guppy.......basically, it consists of short-term ma's and long-term ma's. On my charts, you'll see ST's in green and the LT's in red. The basic idea is that the ST's represent the "traders" of the world and the LT's the "investors" or "position" traders. When the two sets start moving apart, forming a nice gap between them, that's a signal that a strong trend is developing. Obviously, the LT's will be steadier and less inclined to deviate from their chosen course of action, but the ST's, as can be expected, WILL deviate periodically. When this happens, one sometimes sees a quite obvious trading opportunity forming in the shape of a pull-back, and Guppy makes it VERY obvious! That's the beauty of Guppy. It's VERY visual, and one can hardly miss the signals it gives out. In short, for me, Dollie and Guppy complement one another very nicely indeed.
Palmer, I've barely scratched the surface with Guppy. I recommend you read the Guppy threads on FF, and also Google it to get a more complete picture.
Cheers for now.
  • #591
  • Nov 20, 2007 6:12am Nov 20, 2007 6:12am
Quoting Golfer
Hi my old 5min partner

Great to see that you are doing well with Dollie. I wish you could have met her. I've enjoyed talking to her on Skype and I still value inputs from a few months ago. Unfortunately I cannot contact her anymore because I want to thank her again (hopefully she's reading this - thanks Ger!!!!! Hope you are still making money as you have done previously.)

Yesterday I saw your visit to our old meeting place - Philip's five-minute system. So glad to see that you are still paying us a visit - I am doing the very same on the site. Don't think I have stopped following this system - I was just teaching myself the other five-minute system. I do feel comfortable with that now.

Just to say thank you for the template posted - I will surely use it. I still keep an eye on the Dollie charts before I enter using Philips five-minute system.

Just one question - did you change now to the 15 minutes or you still using the 5 minutes charts?

Talk to you again
Thanks for the post, Willem, and nice to hear from you again. Yes, I usually visit the 5minIntraday every day and see what's going on. You're still posting your awesome charts, mate, and I don't see how anybody could fail to learn from them, along with your excellent analysis. I honestly don't know where you get the time from, mate, what with your lecturing, golf and taking your good lady wife out on regular occasions!!

Yes, this system of Dollie's is truly awesome. It always was, right from the beginning. As a stand-alone method, it's a brilliant piece of work, but I guess it's human nature to want to tweak it here and there, isn't it? As brilliant as Dollie's method is, I just found a way that made it that wee bit better for ME, mate, and I really do hope that she didn't mind me tinkering with her brain-child. Oh, and to answer your question, I tend to use the 15m chart mostly now, mate, but I sort of swap between that and the 5m, checking each out as the mood takes me!

To prove how good Dollie's method is, Willem, Pip Pirate2 keeps popping in here and there with his 1H and 4H charts, especially for those amongst us who prefer the longer TF touch, and he goes out of his way to make sure that the explanation is clear and concise enough for us to see what's going on.

You're welcome re the template, Willem. Good luck with it, and we'll talk again soon.
Cheers
  • #592
  • Nov 20, 2007 6:31am Nov 20, 2007 6:31am
Just to demonstrate the visual effect of Guppy, have a look at this chart from this morning. I didn't actually trade this, but had I been in front of the screen, I would have done.
This demonstrates how, if, for some reason, you've missed the first chance (blue rectangle) to fill your boots, Guppy shows you ANOTHER one!
After the first chance, a nice pull-back forms, but what makes it especially attractive is that nearly all of the ST's are STILL nicely separated, even when the doji forms at the bottom. A quick check with the excellent DZ and the middle window shows that Dollie fully approves of us getting in during the first or second vertical yellow line. Exit would have been on, or just before, the M5 line, with a nice pocketful of pips to send you on your merry way!!
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  • #593
  • Nov 20, 2007 7:25am Nov 20, 2007 7:25am
eyevoltage:

Thanks for posting that last template...the 'complete' template...

I'm away from my notes that I took last night. Can someone refer me to the post that explains how to interpret the Dynamic Zone RSI?

Thanks
  • #594
  • Nov 20, 2007 7:39am Nov 20, 2007 7:39am
Quoting Palmer
eyevoltage:

Thanks for posting that last template...the 'complete' template...

I'm away from my notes that I took last night. Can someone refer me to the post that explains how to interpret the Dynamic Zone RSI?

Thanks
No problems, mate.

I think you might be referring to post #577 regarding a description of the DZ. Bear in mind that it's something slightly different from the Dollie DZ, but the description of how it works is very similar, and is very good indeed.

Cheers
  • #595
  • Nov 20, 2007 9:03am Nov 20, 2007 9:03am
If you follow on from my last Cable example, you'll see that the Guppy LT's continued to steadily climb, with the ST's gradually dipping until they were totally compressed. At that point, you'll see a hammer candle with its shadow reaching down to slightly touch the 35ema of the LT's. That proved to be the support that launched the ST's upwards again, and if you check the DZ and the middle window situation out, you'll see Dollie again giving her approval. Entry would have been at the next candle, just as it passed the R2 line. (You'll notice also that the Guppy LT pattern hasn't changed. All the ma's are still nicely separated and still showing a strong upward trend, supporting our decision to enter the trade). The spinning top just after entry might look as if it's going to throw a spanner in the works, but with the Guppy ST's starting to spread again, we can discount it whilst keeping a weather eye on things. Exit anywhere on the candle indicated by the second yellow arrow, as lsma3 departs from the orange/blue zone.
Ho-Hum!! These trades do seem to be appearing with almost monotonous regularity, don't they? Rather like utility bills, but a lot more pleasant to look at!!
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  • #596
  • Nov 20, 2007 9:20am Nov 20, 2007 9:20am
Quoting eyevoltage
If you follow on from my last Cable example, you'll see that the Guppy LT's continued to steadily climb, with the ST's gradually dipping until they were totally compressed. At that point, you'll see a hammer candle with its shadow reaching down to slightly touch the 35ema of the LT's. That proved to be the support that launched the ST's upwards again, and if you check the DZ and the middle window situation out, you'll see Dollie again giving her approval. Entry would have been at the next candle, just as it passed the R2 line. (You'll notice also that the Guppy LT pattern hasn't changed. All the ma's are still nicely separated and still showing a strong upward trend, supporting our decision to enter the trade). The spinning top just after entry might look as if it's going to throw a spanner in the works, but with the Guppy ST's starting to spread again, we can discount it whilst keeping a weather eye on things. Exit anywhere on the candle indicated by the second yellow arrow, as lsma3 departs from the orange/blue zone.
Ho-Hum!! These trades do seem to be appearing with almost monotonous regularity, don't they? Rather like utility bills, but a lot more pleasant to look at!!

i don't know what to say...u really know how to explain things perfectly. Did you enter that trade?
  • #597
  • Nov 20, 2007 9:28am Nov 20, 2007 9:28am
Quoting scorpion
Where was your entry spotless, was it the first arrow on your chart, for consistant good trades make sure you also follow the guppy rules as laid out by eyevoltage, you at least need the ST guppies to be fanning out before entry to be safe.
its true with you say about the guppies....just learnt it the hard way... -14 pips. the remarkable thing is this system will tell you when you need to get out if you entered a bad trade.
  • #598
  • Nov 20, 2007 10:01am Nov 20, 2007 10:01am
wow...after reading the eyevoltage posts on guppy, i sprung into action and tried it out on GBP/JPY. Got rewarded with 24 pips..would have been more but i used trailing stop and i got stopped.
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  • #599
  • Nov 20, 2007 10:35am Nov 20, 2007 10:35am
Quoting spotless1212
i don't know what to say...u really know how to explain things perfectly. Did you enter that trade?
I'm pretty busy most of the time, mate, so although the screen is on, there are only certain times I can actually sit down and trade. Consequently, some of these opportunities pass me by, but I find later, when I've got more time, it's nice to put them up on the forum in the hope that the examples will benefit other folk on here. I know that I like to see how other people on here are doing, by looking at THEIR charts, so I like to repay the favour, so to speak.

Looking at recent posts on this thread, it's nice to see some of you actually taking money of those nasty brokers!!

Cheers
  • #600
  • Nov 20, 2007 12:27pm Nov 20, 2007 12:27pm
For the 2 or 3 people that were here on this thread a few months ago, I posted that this thread was dead and I was out of here. There would be one or two posts a week. Now look at it! I always believed in dollie's system, and its slight variations, but figured that no one else saw it and it was time to quit posting. Now the site is out of control. I love it. Thanks for all the new people posting. Now here is a move last night (around 3 GMT) during the asian session. No I didn't get it all but I did get 36 of it. It was against the overall trend and I was late to the party and really didn't believe it was going to run this far. So much for thinking! Must trust indicators, must trust indicators.....
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