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great job wt further mod dolly, been wondering where are linuxser & ign... anyhow could it possible to have dolly's comment in a separate windows.. kinda like the TSR daily range... at least for the buy zone & sell zone comments...
Hey guys,
CJA, I'm wondering if you could make an expert advisor for this great indicator-system? I think we all want to see how an automated version of this great system perform? I can throw in some money for the project, maybe if everyone would throw in as little as $10 we could compensate cja's hard work, and of course ask him to program a little more This way everyone profits.
EURO/USD has dropped very quickly from 7/8 to 1/8 level on M1 and bottomed out on the 1/8 on M5, M15, M30 & H1 timeframes currently as per screen shot of M15 the M1 has just hit the 7/8 and reversed and could bounce off the 4/8 M1 & 2/8 M5 & M15 at 1.3275 meaning an expectation of price moving up to the 4/8 area on the M15 timeframe @ 1.3305 as usually if price drops through 5 levels quickly as the EURO did i would expect at least a 3 level reversal. The key is to watch the 4/8 M1 and 2/8 M5 & M15 and higher timeframes as each timeframe closes above 2/8 it confirms the upward rather than the downward move. The Higher timeframes on G#MACD still have downward signals although M15 has just changed up so a Margin of upward pressure is starting to show. Of course consider any impending News that may influence the short term move and factor that in.
Hope this is of help
Well price got stuck on the 3/8 M15 and tested it several times this shows downward pressure to stay below the lower trading range then price headed down and retested the 1/8 M15 and the -2/8 on the M1 I would like to see M1 reverse off the mid point of -1/8 -2/8 to be convinced of a good move up, a reversal on M1 from this level usually runs back to +1/8 +2/8 which is currently the 1.3295 area M5 has bounced off the 1/8 as has M15
& H1 the H4 Timeframe is sitting just above 5/8 the top of the trading range so for price to break down through here would show a change in trend G#MACD still showing downward pressure so lets see where the H1 candle closes above or below the 1/8, has just closed above the 1/8 so a reversal may be on again. M1 & M5 G#MACD have just both turned so a small run up is on the cards @ 1.3264 entry even if price ultimately runs further down you will still make something or you may get in early on a good move, set the stops tight and lock the breakeven as soon as you can, this is how i treat the entries at the Dolly levels, already price is at 1.3271 and climbing so i can lock in 5 pips and let it run its course.
Price ran up for a solid 50 pips to 4/8 M15 and reversed off the top of the trading range at 5/8.
Note how price has reversed off around the mid/point between +2/8 & +1/8 on the last M5 chart - this usually shows a reversal to at least the 4/8 if not all the way back to the -1/8 & -2/8 area M1 0/8 is @ 1.3275 so expect a bounce at this point, also the G#MACD M5 has confirmed the move down however it is leveling off now with no separation or angle so price could halt at the 4/8.
I realise this is not trading to the Dolly BUY/SELL areas but hope this will give some idea as to what you need to look for as price approaches the Dolly areas.
Can you please setup an options to change text font sizes ??
I use a small screen res... and the text don't fit the window.
Thanks!!!!
To just change Text size would not have helped you as the Text would have still covered the same area except the gaps between lines and words would have been larger, i have changed the Text to a smaller size and closed up the gaps as small as i can, i don't think you can go any smaller and still read it clearly. I hope this serves your purpose.
great job wt further mod dolly, been wondering where are linuxser & ign... anyhow could it possible to have dolly's comment in a separate windows.. kinda like the TSR daily range... at least for the buy zone & sell zone comments...
thanks...
UPDATED
Here is the Dolly Window again and now you do not need the separate window, i have checked it and everything seems to be working fine
Take note you must load the Dolly indicator 1st as the Dolly window will always be the 1st indicator window, you can use that to your advantage and load the G#MACD Trading signals 1st and the Dolly info will be in the same window as per attached screenshot.
You have a nice chart with dolly and MM (Murrey_Math) levels, clean and simple . Could you post the template and all indicators for us?
Besides, do you uses the MM with Dolly for trade. If yes could post the strategy step-by-step
Thanks a lot
Ricardo Rony
Post 813 & 814 for the indicators - If you read the thread you would get most of the info you require and there is a Murrey Math thread running as well
At least please read some of the thread before asking for stuff.