Attachments: ICCE. Bemac's Fib. Reverse Engineered

ICCE. Bemac's Fib. Reverse Engineered

#81
Apr 12, 2009 9:47am Apr 12, 2009 9:47am

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

USDCAD Daily

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Glad that the ICCE is melting for most of you & soon we will be able to see to the bottom of this.

#82
Edited 9:59am Apr 12, 2009 9:49am | Edited 9:59am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Here's another view of cable in the 60-min time frame.
Have a good one
Jeff

Damn...it's 60-min time frame instead. My apology...

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~*~You are only one trade away from humility~*~

#83
Apr 12, 2009 10:12am Apr 12, 2009 10:12am

kihl
| Joined Jul 2006 | Status: Technical Sniper | 194 Posts

There is no doubt about the predictive properties of the ICCE Fib as with other technical analysis tools. But this biz is not to predict, it is to profit from the markets through high probabilities trades with a defined entry, SL and TP.
This is where chart patterns(pinbars, outside bars, combs, flags, 123 patterns, H&S, etc) enter in the game. I have already seen a lot of them on those levels. Here some examples

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#84
Apr 12, 2009 10:26am Apr 12, 2009 10:26am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Eur/Usd in the 30-min time frame

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~*~You are only one trade away from humility~*~

#85
Apr 12, 2009 11:09am Apr 12, 2009 11:09am

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

I made some comments and suggestions for an universal, official ICCE indicator.

Maybe someone is interested to read that and give his opinion:

http://www.forexfactory.com/showpost...&postcount=277

#86
Apr 12, 2009 11:14am Apr 12, 2009 11:14am

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Two of them - looking back at the EG. Uncanny, lots of PA at levels for lowest risk trade entry.

Looking forward - and here is the part where experience will help a ton - picking the channel. And picking a channel when you are supposed to redefine what channel to be working from.

More work is needed, but it seems reasonable that when channels form at new price levels, it is time to redefine the channel we are working from.

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I'm pretty much done with all this ...

#87
Apr 12, 2009 11:37am Apr 12, 2009 11:37am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Hi Cobra:

I second for that Cobra; any trading methodology, indicator or system should have a more unified approach towards it. If such step is not being instilled at the early stage of the thread; going forward, discussions of the said indicator can be really getting out of control and members will get total confusion of what and which ICCE and which built and what version should be the OFFICIAL one from the owner.

Your suggestions on the post is good enough for me for now; especially the one that the indicator should be appeared in the middle of the chart; instead of having the impression that it's playing 'invisible man'. Take care.

Have a good one
Jeff

Quoting cobraforex

Disliked

I made some comments and suggestions for an universal, official ICCE indicator.

Maybe someone is interested to read that and give his opinion:

http://www.forexfactory.com/showpost...&postcount=277

Ignored

~*~You are only one trade away from humility~*~

#88
Apr 12, 2009 11:45am Apr 12, 2009 11:45am

Toddfx
| Additional Username | Joined Nov 2008 | 122 Posts

Security: M4N. WITHOUT PREDJUDICE. Don't Post My Indicators ANYWHERE{or variations thereof Unless they are Absoflogginlutely FREE to Everyone. That includes "Donations to Your PayPal Account " or any other method you may devise to reap a benifit from this other than Trading Your Own Personal Account. {which I actually doubt you have} Not under the auspice of MoneyforNothing or ANY OTHER sudonym you romp under. "My Indicators" includes any indicator formed, or based, on My Original Concept. That incudes Pamms or any other deviation you can construe. } Can't prove it {yet} but I know a 4 leafed clover when I see one.

What did M4N do?

TRO

#89
Apr 12, 2009 11:49am Apr 12, 2009 11:49am

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Quoting jharteam

Disliked

Hi Cobra:

I second for that Cobra; .

Have a good one
Jeff

Ignored

Thanks Jeff

Yep, there are already countless questions made how to manage the indicator but the question which of them?

I'm willing and able to create a PDF manual and maybe a small video how to use the indi once it is created.

#90
Apr 12, 2009 12:02pm Apr 12, 2009 12:02pm

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Thanks, Cobra and your crew, you guys are simply great. Looking forward to the 'official version' of ICCE once it's ok'ed by Bemac! Take care.

Have a good one
Jeff

Quoting cobraforex

Disliked

Thanks Jeff

Yep, there are already countless questions made how to manage the indicator but the question which of them?

I'm willing and able to create a PDF manual and maybe a small video how to use the indi once it is created.

Ignored

~*~You are only one trade away from humility~*~

#91
Apr 12, 2009 1:32pm Apr 12, 2009 1:32pm

kenmania
| Joined Sep 2006 | Status: Rookie Microcosmic Trader | 461 Posts

Quoting kihl

Disliked

There is no doubt about the predictive properties of the ICCE Fib as with other technical analysis tools. But this biz is not to predict, it is to profit from the markets through high probabilities trades with a defined entry, SL and TP.
This is where chart patterns(pinbars, outside bars, combs, flags, 123 patterns, H&S, etc) enter in the game. I have already seen a lot of them on those levels. Here some examples

Ignored

Thanks for posting those. Good stuff.

Is your SL my TP?

#92
Apr 13, 2009 6:01am Apr 13, 2009 6:01am

bart021
| Joined Jul 2008 | Status: Trader | 87 Posts

Hi to all.

It seems pretty impressive. Resistance holds to the pip. This is new MissPips' 1.8 version.

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#93
Edited 5:17pm Apr 13, 2009 7:57am | Edited 5:17pm

kihl
| Joined Jul 2006 | Status: Technical Sniper | 194 Posts

I was watching this bullish channel over the weekend complemented with the ICCE Fib I expected a possible breakout toward the TOP level of the previous range highlighted in blue.

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#94
Edited 10:49am Apr 13, 2009 10:37am | Edited 10:49am

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Breakout on the upper part of the channel occurring.

Let's see where we go. Looks like a first area of hesitation may occur at 1.4840 (Some bar highs just to the left.) Then on towards 1.500. Great confluence of the 61.8% fib and a big round number.

Wonder what will happen at 1.4950 first? Bar highs sitting right there, I suspect some trouble.

Maybe an eventual run to the next fib 1.5376 on this leg?

EDIT: Selling occurring at 1.4840-ish area. Just like the chart said it might. Watching....

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I'm pretty much done with all this ...

#95
Apr 13, 2009 10:51am Apr 13, 2009 10:51am

kihl
| Joined Jul 2006 | Status: Technical Sniper | 194 Posts

Quoting kihl

Disliked

I was watching this channel over the weekend complemented with the ICCE Fib I expected a possible breakout toward the TOP level of the range.

Ignored

Swissy reached the expected level.
Another case of study: Long term GBP/USD chart.

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#96
Apr 13, 2009 10:59am Apr 13, 2009 10:59am

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Quoting kihl

Disliked

Swissy reached the expected level.
Another case of study: Long term GBP/USD chart.

Ignored

I am going to have to work on managing trades with these specific levels in mind. I see that there is an opportunity to hid stops behind SR and fibs to allow the trade to breath over the long term.

Then perhaps open up an ICCE account... ICCE, ICCE Baby! (Sorry)

I'm pretty much done with all this ...

#97
Apr 13, 2009 4:31pm Apr 13, 2009 4:31pm

Skyhook
| Joined Sep 2006 | Status: Elevating the way to success | 585 Posts

Bemac, I wanted to show everyone a good example of your fibo channel in action, and how deadly accurate it can be. This was a trade I just took on the GBPJPY 4hr chart. Ignore the other stuff on the chart, that's some other work of mine. Went long at 147.26, and got out at 148.63. It's good to be on the right side of a trade isn't it?

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