Thread: Dolly system
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Old 12-16-2006, 10:59 AM
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Quote:
Originally Posted by alamanjani
Cja (and Hymns) thank you!

It is interesting, that this free Dolly looks so much better that commercial.

May I ask you one question. I saw you codded pivot, fib, mm resistance lines into Dolly graphic - cool, thank you again!

Since you also just updated MM_Short_lines_2, which MM lines are you going to use with Dolly, those from MM_Short_Lines_2 or those coded into Dolly graphic? I couldn't get them to match, so I need to make decision which are primary. I really like MM_Short_lines_2.



I guess, one thing is confuzing heck out of us unexperienced MM wannabe users

Say price is aproaching to +1/8 level. So I'm thinking, OK, based on rules, most of the time, when +1 is penetrated it goes toward +2 then turn and we have nice reversal play. Sell order! (so far so good)

Now I'm switching chart from M30 to say M60 and lines are on different place. Now price is at say 6/8. Now what?!? That way looks like you have buy/sell signas based on which time frame you are looking at. But newbie wish to see only buy or only sell signal. Kinda makes it easier lol

And this is what it is so confuzing. You sopouse to act base on rules, which base on where (at which line) is the price, but every time frame show different picture.

They are trying at MM thread to create MM version, that will automatically change period if you will change time frame (v9b I think is already behaving that way) - so lines should be on the same place.

Thank you for all your unselfis and hard work!

Mario

Ps: Daily High/Low are showing previous day levels - it is meant to be that way, correct?

Pps:

Qazq - thank you for tutor link. Now I see, our Dolly is much better lol
There are no MM lines coded into the Dolly indicators you must be getting confused with the Daily Pivot M levels which are the Pivots between the Main Daily Pivots.

Yes the Daily High/Low is supposed to show the previous day levels.

As to the MM levels being different on the different timeframes that is the whole point of using MM levels, where price is on each timeframe gives an overall picture of probable price trend and reversals, the more timeframes confirm a reversal for example if price is moving up M1 at the 8/8 - M5 at the 8/8 - M15 at 4/8 - M30 at 4/8 - H1 at 3/8 - H4 at 7/8 all of these positions would suggest a reversal move and of course the speed and angle that price approaches a level is also important. If you want to treat the MM like Pivot levels i suggest using the Octave indicator as that does not change between time frames.
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