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ICCE. Bemac's Fib. Reverse Engineered

  • #41
  • Apr 10, 2009 4:52am Apr 10, 2009 4:52am
You do understand my reference is to "Felix the Cat"?.............

Now here are some very good memories:

http://www.forexfactory.com/showthread.php?t=41140

Quoting kenmania
Too cold. Too cold.
  • #42
  • Apr 10, 2009 5:05am Apr 10, 2009 5:05am
Quoting BeachBum
You do understand my reference is to "Felix the Cat"?.............

Now here are some very good memories:

http://www.forexfactory.com/showthread.php?t=41140
Blah Blah Blah I keep telling you Felix is DEAD. He was a very old cat, so it was only a matter of time with his life style.

Nice to see you BB

I think I'll hang around for a while here in this thread and ns_karthik's thread. I am liking where both of these are going and they seem to go together well. Also interested in the FamousShamous thread on VSA and Malcomb's opinions. It all seems to tie together well.

Nice to see some powerful Pro Content. There is another small thread on here that is also awesome, but the author has gone a bit underground and so I will respect him and won't advertise it.

Regards, Fle... uh I mean, Scott
  • #43
  • Apr 10, 2009 5:20am Apr 10, 2009 5:20am
Hello Scott......

Nice to see you too...............taking a break from "fishing"? LOL !!!

Thanks for the list of suggested reading; my weekend is now completely 'booked'!

Cheers..................

Quoting smjones
Blah Blah Blah...
  • #44
  • Apr 11, 2009 7:01am Apr 11, 2009 7:01am
how do i use the ,and how do i set parameter?many thanks
  • #45
  • Apr 11, 2009 7:24am Apr 11, 2009 7:24am
See here.
Is your SL my TP?
  • #46
  • Apr 11, 2009 8:29am Apr 11, 2009 8:29am
Quoting kenmania
See here.
nice new shining avatar Ken
  • #47
  • Apr 11, 2009 8:36am Apr 11, 2009 8:36am
Thanks. The "eyes avatar" was usually wierding people out. It would have been worse if FF allowed animated avatars. That version has my eyes shifting back and forth.
Is your SL my TP?
  • #48
  • Apr 11, 2009 3:41pm Apr 11, 2009 3:41pm
Nice to see some Friend Stroking happening but Here's what I am looking at from a Trading Perspective;
USD CAD.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 19.gif Size: 38 KB


Just to add a little weight to the scale, I also see this occurring in Gold.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 20.gif Size: 40 KB
  • #49
  • Apr 11, 2009 4:37pm Apr 11, 2009 4:37pm
If you LEARN nothing more than looking for channels. At least you learned.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 21 usd cad.gif Size: 38 KB


Standard acceptance of Fib Extension would provide...

ICCE Posted.
Ahh S#it! Standard is not avail. to me because I altered my base.

I would really like an Image Guru to post an overlay of both of these on EUR USD Daily

1){Standard Fib} High ~= 1.6036 to Low 1.2350
2) (ICCE) 47-52 Channel ~= 1.2458 to 1.3313.

Then I would REALLY like it if you searched for some of Your Own comparisons between Std Fib Ext & ICCE.

Arrgh... Jim lad... Here in lies a treasure... Open it or turn away.
Are you ready for an adventure?
One that will put you against the de^^ons that would put you down & rob you? It's not going to be easy but we, together, all @ ff...

Yeah yeah yeah... Enough of the BULL S#IT. I'm here to make Money. Gimme the the good stuff.

The "Good Stuff" has already been plastered in front of your face. There is {Waaaayyy} more than enough on FF for even the most inept Trader to increase cargo based on what has already been posted on FX.

Q1) I am a Trader at Heart & I want to Learn.

Q2) I don't have time for this study shit but I like the idea of making easy money.


Don't post your answer to anyone but yourself.
And then Listen to the answer.

There appears to be 3 views of why 'Anybody' would post on FF.
They are, believe me, there are more.

View # 1) I can Steal from them or at least Learn from them & they wont know the difference.

View # 2) I can listen to them &, perhaps, Learn from them but I never have to admit it.

View # 3) I can become a part of this.

It's Entirely up to YOU.
NEVER let this thing become a burdon.
  • #50
  • Apr 11, 2009 4:46pm Apr 11, 2009 4:46pm
Here's just another view.
I hope it makes you a buck or two.

Lesson #1:
Do not attempt something Quick which you cannot do Slowly.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 22 usd cad.gif Size: 35 KB
  • #51
  • Apr 11, 2009 5:29pm Apr 11, 2009 5:29pm
Me thinks there's much more here than meets the eye...nice approach and very interesting. I've not seen the fibs used this way before, that I can remember, course I'm not sure what I had for breakfast yesterday either. Spent several hours using the indi's and trying to make a selection of which I like the best...problem being, the different models all have great features. Perhaps some day all the good stuff will come together in one indi, along with the time expansion (sshhh) tool.

Bemac, not shure where you were with your standard fib tool but if you click on it and draw a new fib, then open the properties box for it and on the Fibo Levels tab click on the Defaults button. This should reset it back to the original settings...?

Cheers
Listen to the whispers.... You may learn something
  • #52
  • Apr 11, 2009 5:33pm Apr 11, 2009 5:33pm
Quoting Scrutch

Bemac, not shure where you were with your standard fib tool but if you click on it and draw a new fib, then open the properties box for it and on the Fibo Levels tab click on the Defaults button. This should reset it back to the original settings...?

Cheers
OK. gonna try that.
  • #53
  • Apr 11, 2009 6:03pm Apr 11, 2009 6:03pm
This is a truly interesting calculation.

There we have the fibs confluancing with the most recent S/R.

A big thanks to bemacs and the gang!
Attached Image (click to enlarge)
Click to Enlarge Name: bemac.gif Size: 26 KB
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #54
  • Apr 11, 2009 7:09pm Apr 11, 2009 7:09pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
i've included only 2 charts, but i find that there are currently many 4h channels accross the pairs - i found 9 in the 18 pairs i view. what i'm trying to work out is

1. is the TF relavent to the potential move as in normal PA trading.
2. are my channels near enough.

I'm sure ill figure it out at some point, but i'm only just moving away from mechanical systems and learning PA, so i have a lot to catch up on.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
  • #55
  • Apr 11, 2009 7:27pm Apr 11, 2009 7:27pm
Quoting MPP
i've included only 2 charts, but i find that there are currently many 4h channels accross the pairs - i found 9 in the 18 pairs i view. what i'm trying to work out is

1. is the TF relavent to the potential move as in normal PA trading.
2. are my channels near enough.

I'm sure ill figure it out at some point, but i'm only just moving away from mechanical systems and learning PA, so i have a lot to catch up on.

Attachment
ps. I woulud rather Trade off your Last Chart rather than your First. but that's just me.

ps. I like the Last Chart more than the First.

Attachment
Q) What did you have in mind prior to this discussion?

Please: Understand:

This is not the Grail in any form.
This Is just another arrow in your quiver.
  • #56
  • Apr 11, 2009 7:59pm Apr 11, 2009 7:59pm
<don't be stupid, don't be stupid....>



From a few hours of poking at this, it is apparent that this fib-magik gives us a heads up for areas of interest where we might call 'Fib S/R'. Areas to take profits and entry points; areas to look for price action.

Now - how to put this to work. Seems to me, I may be able to add this to the standard PASR goodness with good effect.
I'm pretty much done with all this ...
  • #57
  • Apr 11, 2009 8:14pm Apr 11, 2009 8:14pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Bemac
Q) What did you have in mind prior to this discussion?

Please: Understand:

This is not the Grail in any form.
This Is just another arrow in your quiver.
I have a box full of arrows - but no bow to help them fly, finally after spending so much time on mechanical systems i overcame my fear of the J16 thread and started the journey that i should have taken in 2007 when i first came here - fortunately i am lucky in that i have yet to blow an account. - so yes i know this is no holy grail and it requires looking at(the only reason i'm even came here is because i caught your name and scott's in here - other wise i would have passed straight through).

so back to the discussion, so far i have seen posts on 15m charts, but i only trade 1h and above, i know that PA is stronger the higher the TF, so therefore we must assume that using the fib settings you shared here would be stonger on a higher tf as this is a pa based trading method - i think.

basically i'm just trying to understand if i am seeing the channel correctly, if the TF is relevant - after that i know i'm gonna have to sit back and watch the charts play out so that i can figure out if we are playing the break of a channel/PA at the retest of a channel/PA from upper & lower fib points back to the breakout zone - so much to learn, please be nice to me.

MPP
  • #58
  • Apr 11, 2009 9:34pm Apr 11, 2009 9:34pm
Hi Scrutch:

Which ICCE version you are using please? I am just using the one provided by Bemac on the first page of this thread. And please, could you please posts ALL the fibs that Bemac is using? It's getting a bit confusing which version of ICCE we are suppose to use and which fibs should be included for this indicator. Thanks.

Have a good one
Jeff

Quoting Scrutch
Me thinks there's much more here than meets the eye...nice approach and very interesting. I've not seen the fibs used this way before, that I can remember, course I'm not sure what I had for breakfast yesterday either. Spent several hours using the indi's and trying to make a selection of which I like the best...problem being, the different models all have great features. Perhaps some day all the good stuff will come together in one indi, along with the time expansion (sshhh) tool.

Bemac, not shure where you were with your standard fib tool but...
~*~You are only one trade away from humility~*~
  • #59
  • Apr 11, 2009 9:54pm Apr 11, 2009 9:54pm
1){Standard Fib} High ~= 1.6036 to Low 1.2350 [RED FIB]
2) (ICCE) 47-52 Channel ~= 1.2458 to 1.3313. [GREEN FIB]
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.jpg Size: 101 KB
Is your SL my TP?
  • #60
  • Edited Apr 12, 2009 7:20am Apr 11, 2009 10:21pm | Edited Apr 12, 2009 7:20am
Quoting jharteam
Hi Scrutch:

Which ICCE version you are using please? I am just using the one provided by Bemac on the first page of this thread. And please, could you please posts ALL the fibs that Bemac is using? It's getting a bit confusing which version of ICCE we are suppose to use and which fibs should be included for this indicator. Thanks.

Have a good one
Jeff

Here's a template with the regular MT4 fib tool with ICCE fibs. The other fib is just the default fib tool. EDIT: Open this template on a EURUSD chart. You will find the Fib tool in RED with the 52.78 level @ 1.3582 on April 6th and the 47.22 level @ 1.3089 on April 10th, 2009. Sorry for any confusion.

SECOND EDIT: Any questions regarding indicators or templates should be directed to THIS THREAD in the future. It would also be helpful to read the linked thread. We should keep this thread to discussing trades.
Attached File(s)
File Type: tpl icce fib eurusd.tpl   2 KB | 975 downloads
Is your SL my TP?
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