Forex | FX Operator | Currency Trading

yeah this website is all-for-one and one-for-all kinda thing towards trading. We all learn together here.. dun say teaching, you will not be taught if you chose not to. Must remember that.

Just treat all discussions here as sharing.

FXOperator wrote:

QUOTE:
Dolly has a daily calculated system that will automatically highlight the areas whereby you either long or short the pairs. Mostly will work effectively with EUR/USD and GBP/USD especially during European and US opening session or when the market is at its highest volatility of the day. It is more based on momentum and a trending market. That is when the price reaches the indicated buy/sell areas, all you need to do is to follow the colored instruction. But I do take the primary trend into consideration, usually won't trade against the main trend. No system is perfect so Dolly has its bad days too. As long with proper money management, it is still a profitable system.

The originator is from Forex TSD Forum.

appreciate if you can post some charts of dolly setup?

for the indicator posted at the download section, can you also include a template? tks!<br><br>Post edited by: roche, at: 2006/11/30 17:47

Hey Roche,

Here's a chart of Dolly.
http://i122.photobucket.com/albums/o274/edge-t/dolly_cable.gif<br><br>Post edited by: edge, at: 2006/11/30 17:49

There's no need for a template, dolly is a stand alone indicator. I use higher timeframe as a filter. If the trend on the H4 or Daily is up, I'm looking only for breakout of the top range.

Edge, thanks for the info.

btw do you know how to interpret the Forex-H4 Squeeze indicator? is it of any use?<br><br>Post edited by: roche, at: 2006/12/01 14:59

My apologies, that was my indicator. It was a clone of John Carter's TTM Squeeze. The Dolly system is basically an intraday signal indicator, preferably during European opening session.

Just like about an hour ago, if you've followed Dolly, you would have made some pips because it's already in the buying zone and GBP/USD moved further upwards.

Dolly Graphics 8.0 does not include the squeeze indicator neither it needs that. I'm using it as a double confirmation that's all.

roche wrote:

QUOTE:
Edge, thanks for the info. :laugh:

btw do you know how to interpret the Forex-H4 Squeeze indicator? is it of any use?&lt;br&gt;&lt;br&gt;Post edited by: roche, at: 2006/12/01 14:59

I use Dolly for the 15 minutes when I want to git dirty with the intraday traders. Like I said, I only use it with highertimeframe, I don't use the bollinger squeeze, just breakout with the trend on higher TF.

FXOperator will be the better person to ask how he trades it.

ISM data fell below 50 points and GBP went up again. Wow.. went to Dragon Fly take a look just now and put a Sell/Buy stop order and came back with a whopping 79 pips gain on the buy-stop trigger.

I'm not really the person to ask because I'm also an end-user. I guess if anyone interested in learning more about Dolly should check out their main thread at Forex TSD.

Edge is right, 15-min is a good TF to gauge the momentum of the movement and once it hits the buy/sell area, and the movement is aligned with the primary trend, it usually takes off very well.

anyone still using the system?

do you use tha MACD?