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Dollie's Safe Pips Indicator

  • #621
  • Nov 21, 2007 8:32am Nov 21, 2007 8:32am
Quoting Palmer
eyevoltage's set-up....

make that 3 for 3 about 120 pips with the current EURUSD run with what I have locked in. Price having trouble with the m3 barrier...
Hi Palmer

Well done! Go for my record of 12 out of 12 with the Dollie system. I thing No 13 was a negative trade. And that was without Guppy.

Now you can see why I am so sad that Dollie is not here to see the/her success.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #622
  • Nov 21, 2007 8:45am Nov 21, 2007 8:45am
Quoting pip pirate 2
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.....
Hi PP2

I do remember that post specificially. You were ......up with the thread. I told you keep it up and please stay with us. I also believe this is a very sound system - just a bit complicated at first but one just needs to work through it.

I was just busy with another 5min system - which I am more comfortable now.

Thank you very much for staying with us and well done with the progress. Hopefully you'll see more of me in future.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #623
  • Nov 21, 2007 10:12am Nov 21, 2007 10:12am
another guppy+dollie trade i made...got out at R2...36pips in the bag..
Attached Image (click to enlarge)
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  • #624
  • Nov 21, 2007 10:59am Nov 21, 2007 10:59am
Quoting spotless1212
where exactly did you enter??
I entered via the 5min chart. I can post a chart later, I've 'shut down' for the day. But, I will be incorporating Phillip Nel's, method with this as well as far as the trend direction goes. So, even if the Guppy's might be showing one thing, I may be using P. Nel's 4hr and 1hr trend direction as the overall trend.
  • #625
  • Nov 21, 2007 11:05am Nov 21, 2007 11:05am
The Original Dollie (with the guppy) gives multiple signals a day with a very high success rate. The only time I can recall getting reversed and taking a big loss (15 pips for me is a big loss) is during a major news release at the start of the US open. I tend to stay away from trades before these times (unless I am already in a very profitable trade +30pips, then I set a 15 pip SL).

I tend to let my profits run until Dollie tells me to exit. That is also the beauty of this system. The Guppy and Dollie let you enter a trade with confidence and then Dollie Screams for you to get out of the trade.

The more you trade with this system the more you forget about the others.

I have been doing a lot of research on Guppy and am amazed. Although the creator Daryl developed this for Stocks it truly is valuable for the Forex Market. Attached are a few articles I have recently found and read on Guppy. I encourage everyone new to Guppy to read these. They give good insight.
Attached File(s)
File Type: doc THE GMMA-Bubble Trading[1].doc   185 KB | 386 downloads
File Type: doc THE GMMA-Trading The Breakout[1].doc   162 KB | 378 downloads
File Type: doc GMMA RELATIONSHIPS[1].doc   181 KB | 364 downloads
  • #626
  • Nov 21, 2007 12:06pm Nov 21, 2007 12:06pm
Here is a 35 pip gain I just got where all the indicators lined up perfectly. I love when my chart looks like this!!!!
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  • #627
  • Nov 21, 2007 12:53pm Nov 21, 2007 12:53pm
Quoting jcblcs79
The Original Dollie (with the guppy) gives multiple signals a day with a very high success rate. The only time I can recall getting reversed and taking a big loss (15 pips for me is a big loss) is during a major news release at the start of the US open. I tend to stay away from trades before these times (unless I am already in a very profitable trade +30pips, then I set a 15 pip SL).

I tend to let my profits run until Dollie tells me to exit. That is also the beauty of this system. The Guppy and Dollie let you enter a trade with confidence and then Dollie Screams for you to get out of the trade.

The more you trade with this system the more you forget about the others.

I have been doing a lot of research on Guppy and am amazed. Although the creator Daryl developed this for Stocks it truly is valuable for the Forex Market. Attached are a few articles I have recently found and read on Guppy. I encourage everyone new to Guppy to read these. They give good insight.

After reading those materials on guppy, i looked at my charts and WOW!!! everything became clearer. did some back test using strategy tester and discovered that guppy really really REALLY works ... thanks for sharing Jcblcs
  • #628
  • Nov 21, 2007 1:17pm Nov 21, 2007 1:17pm
Guppy is truly amazing and I am grateful that eyevoltage started using it because it led to me researching GMMA and finally getting an understanding of the market. I am as guilty as anyone who has used indicators and not having a clue of why they are working. After reading the GMMA articles (there are a ton - just google it) my charts seem so much clearer. Daryl is quoted as saying that his GMMA do not give accurate buy and exit points just an overall view of the market. That is where Dollie comes in and to me it is a perfect marriage.

Attached is a 2 pip loss I just took. I am posting this because I want everyone to see what I mean when I say "Dollie Screams for you to get out of a potentially bad trade". Ultimately it comes down to discipline. Could this trade come back and become profitable - yes. But it could also continue on its path and lead to 10 - 15 pip loss. I like to keep my losses small.
  • #629
  • Nov 21, 2007 1:18pm Nov 21, 2007 1:18pm
2 pip loss
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  • #630
  • Nov 21, 2007 1:43pm Nov 21, 2007 1:43pm
Attached are two trades I just got out of: Gbp and Eur Yen crosses. Again... everything says go from the guppy all the way down to the ADX.

I love this system!!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpy1121.gif Size: 39 KB
  • #631
  • Nov 21, 2007 1:49pm Nov 21, 2007 1:49pm
Quoting jcblcs79
2 pip loss
i think i read somewhere in the post that if the white line goes up before the blue line, you shouldn't go for the trade.the white line has to be in the middle of the blue and pink lines.maybe am mistaking things.

(1st red arrow) the white line came before the blue line and at the second candle you entered the trade...

(2nd red arrow) the blue line came before the white line ....lets see how it goes..
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  • #632
  • Nov 21, 2007 3:21pm Nov 21, 2007 3:21pm
Quoting Palmer
I entered via the 5min chart. I can post a chart later, I've 'shut down' for the day. But, I will be incorporating Phillip Nel's, method with this as well as far as the trend direction goes. So, even if the Guppy's might be showing one thing, I may be using P. Nel's 4hr and 1hr trend direction as the overall trend.

Here's my entry from this morning, white vertical line. Note: As I stated I follow Phillip Nel's method as well. Per that method, price action was riding the 8 EMA to the upside so this provided me even more verification of a long entry....

See ya next week....
Attached Image
  • #633
  • Nov 21, 2007 7:57pm Nov 21, 2007 7:57pm
Quoting pip pirate 2
Oh do I wish that I entered the trade at the arrows. No I missed the beginning of this move and that is why I didn't get that many pips. Okay, the triple hull. What the blue line (RSI 2) on the triple hull tells me is that a move long is coming soon. The angle of the blue line is very important, as you want it steep. So you can see that the blue line started moving long 2 hours before the nice candle long. It's telling you 2 hours in advance that a move may happen. Now you know it also gives a lot of false signals. So next you have to see if the other dotted lines are following the blue line in the same angle and close to the blue line. This works best when it is starting from the bottom or top of the chart. Then the ISMA line should follow the blue line in a similar angle but it lags the others. I use the ISMA like a moving average. so the purpose of the triple hull et all indicators is to alert me to a potential trade ahead of time. With a H1 or H4 chart you are not going to get that many possibilities in a day. But had I caught that whole move it was 200 pips. I have seen 3 moves like that this week where I would be up over 500 pips. Just look at the gbp/jpy charts. No buy, sell or hold recommendations. Newbies should stay far away from that pair as it will kill you. Patience. Eyevoltage, I don't like dollie's first version (which all of you guys use) of what is now the triple hull. I could never understand it so when she came out with the triple hull I saw it immediately. You want to look for that formation that I showed you. Set up another chart with it on post #296 and see if you like it. The macd pattern is if there is a flat or almost none existant bar then I am excited. It is usually like a spring ready to go. Then you add the DZ and we have a trade coming. I don't use the ADX very often. The HMA color moving average is also become very important to me as an indicator, esp on the longer time frames. It will usually tell when the trend is turning, but is most reliable during the more active times. It can give false signals say between the US and asian sessions when there isn't much activity. Wife and I are fine and the 49ers suck.
I do apologize for not replying sooner, mate, but I've been studying your chart and reading your comments above, and trying to sort it all out. I think I'm starting to understand you re the Triple Hull. Basically, we're looking for a nice steep-angled blue RSI2 starting from an OB or an OS position, then look for the dotted line indicators to closely follow it. Then the lsma3 needs to take the same route as the RSI2, albeit in a lagging position. Yes, I definitely think the fog is clearing! Many thanks for your detailed explanation, Pirate. I'm sure it will help others on here as well, should any of them be interested in pursuing the longer TF's with this method. In actual fact, it was suggested to me earlier that I try my hand at the 4H charts, using this Dollie-Guppy method, seeing as I can't be at the screen all the time. It's a suggestion worth thinking about, and of course, it raises the interesting question of which of the two methods would be the most effective up there?

With regard to this thread, I'm just like you, mate. I'm gob-smacked at all the activity all of a sudden. It really does make a nice change, especially seeing other folks' chart examples. Even better, they seem to be making plenty of pips as well, which is nice.

Take care, me old mate, and thanks again for your time and effort.
Cheers for now.
  • #634
  • Nov 22, 2007 9:11am Nov 22, 2007 9:11am
You have the triple hull figured out. I will be posting more charts in the coming weeks. I think the H1 chart could work for you just fine. When you get up, look at the charts with this in mind, as I have been seeing lately that the late asian session has been setting up the london session. So you might see the triple hull making a move first, and then the move on the other indicators. I would encourage you also trade other pairs beside the pound or at least look at them. Well I'm off to cook our Thanksgiving turkey (no I'm not the turkey) so I have decided to take the next few days off until Sunday. And I am grateful to all of you out there in dollie land and wish the best for the rest of the year.


I keep on fighting for the things I want; Though I know that when you’ve dead you can’t; But I’d rather be a free man in my grave; than living as a puppet or a slave; So as sure as the sun will shine; I’m going to get my share of what is mine….. Jimmy Cliff
  • #635
  • Nov 22, 2007 9:50am Nov 22, 2007 9:50am
Hello everybody. I'm looking for a RSI indicator for Metatrader 4 which sits directly on the chart and not in a separate window below the chart. I want to combine it with bollinger bands.

does anybody know where I could find it?

thanks
Discipline + Patience - Fear - Greed = Success
  • #636
  • Nov 22, 2007 11:51am Nov 22, 2007 11:51am
A little while ago, I came across an ingenious little indicator that some of you may be interested in. I'd forgotten about it, to be honest, but discovered it by accident amongst all my other MT4 custom indicators. It's called "periodcon" and it does what most people say you can't do to MT4 charts, and that's customise the TF's.

Basically, here's what you do:

1) Open whatever chart you want to convert....1m 5m 15m 30m etc. Say for this example you open GBPUSD 5m.

2) Open periodcon from your list of custom indicators.

3) Click "period multiplier" and change to (say) 4.

4) Click OK.

5) Click File/Open Offline.

6) Scroll down the list to the chart you wanted i.e. GBPUSD20 (4 X 5M).

7) Click "Open".

8) On chart that appears, load the required template. That's it!

You can now work on your GBPUSD 20m chart. This converter will convert any of the MT4 charts to virtually whatever you want. For instance, if you feel that 4H isn't quite what you want, but Daily is far too long, there's nothing in between to compromise, is there? So bring up a 4H chart, set the periodcon to 2 (it defaults to that, anyway), follow the instructions above, and you'll have a nice GBPUSD 8H chart to play with!

Happy experimenting!
Attached File(s)
File Type: ex4 periodcon.ex4   10 KB | 492 downloads
File Type: mq4 periodcon.mq4   16 KB | 575 downloads
  • #637
  • Nov 25, 2007 10:03pm Nov 25, 2007 10:03pm
Quoting Golfer
Now you can see why I am so sad that Dollie is not here to see the/her success.
What happened to Dollie? Nothing bad I hope?


Topgun
"Success is not a fantasy, it's a formula." - MTI
  • #638
  • Nov 26, 2007 12:54am Nov 26, 2007 12:54am
Quoting Topgun_1
What happened to Dollie? Nothing bad I hope?


Topgun
Dollie is fine. She hasn't posted in months but is doing well I'm sure.
  • #639
  • Nov 27, 2007 3:50pm Nov 27, 2007 3:50pm
I just want to post so we get this great thread to the top of the list... I would hate to see this great system on page 2!!!!
  • #640
  • Nov 27, 2007 4:37pm Nov 27, 2007 4:37pm
I am constantly looking over new systems and think I came across one that might be of interest for everyone involving Bollinger Bands squeeze. Please see the ForexFactory Post http://www.forexfactory.com/showthread.php?t=57426 for details. I still am using Dollie's original setup as my primary indicator but am using the squeeze as a way to tell me that a move is coming. Attached is a trade I just got out of showing a great example of the squeeze followed by Dollie. I hope this helps and does not confuse anyone.
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