ICCE. Bemac's Fib. Reverse Engineered | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Can a successful system be reverse engineered? 14 replies

Order Flow Trading with ICCE Channels 3 replies

Fib. Reverse Engineered. 393 replies

Bemac's'imizing Profit 6 replies

VTTrader: Bemac help please 3 replies

Attachments: ICCE. Bemac's Fib. Reverse Engineered
Exit Attachments

ICCE. Bemac's Fib. Reverse Engineered

  • #121
  • Apr 14, 2009 8:14am Apr 14, 2009 8:14am
Quoting kenmania
Plotting the channel on E/U that Bemac spoke of generally happening in the hours before Asia opens, assuming that the tweezer tops @50% (1.3364) really are the halfway mark of the move, I faded the line @ the 23%, and am looking for a TP @ 0% (1.3215).
Chickened out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-02.jpg Size: 87 KB
Is your SL my TP?
  • #122
  • Apr 14, 2009 8:34am Apr 14, 2009 8:34am
Quoting jsh01
Dear Cobra,
i guess what i am having a squizz at is attempting to glean any clue / relationship between

    1. the fine channel fibs from yesterday that we are using today
    2. any mega channel thats biult up over days
    3. any mega monthly/weekly/daily established R&S lines
    4. any significant " ghostlike" older channels that might play a R&S role
    5. and at the same time, how to avoid having 15 thousand lines!!!

I have already enquired about that; #5 in particular. The response I got from Jonsey {which seems reasonable} was. Open Mutiple Charts for the same Pair.

Q) If I setup a Tmplt that has only 1 Pair but Multiple TF, Plot ICCE on the Monthly, Would I be able to a see a Monthly Fib on a 15Min Chart? {assuming the 15Min PA is in close proximity to the Monthly Fib}

Could I add Weekly & Daily Plots?
btw. I think it was Jonesy that mentioned the 12:00 - 2:00 Pre Asian Channel.
  • #123
  • Apr 14, 2009 9:23am Apr 14, 2009 9:23am
Geez, Other than getting the Time Factor input into this, I'm not sure if I'm needed anymore. {& probably not even for that.}

Clues:

Quoting smjones
So far today. Been a fairly easy way to trade. I just wait for the re-test and the set a stop entry.
Quoting ikki
Hey Bemac,

I have a question,
Do you trade a breakout inside the channel with PA, could be a Pinbar or BUOB...? Because in higher TF I use EMA's+PA in this type of box.
Or you wait a PA outside the channel to jump like EUR/USD in previous posts?

Thanks Bemac,
Just to clarify ideas..
And from another thread, but I think a few of you may have read this: Or, at least, you should have.

Quoting PeterCrowns
-jarroo-

Good to see someone else taking the same trade I did this morning.

But I didn't get stopped out of my second piece as in your instance.

I got 20+ pips on my first half (only ~13 pip original risk) and placed my stop below the inside bar. It hasn't been hit yet, but it was VERY close.

You definitely have the idea and I agree- I too will take trades like this all day.

-PeterCrowns-
Quoting james16
YES!!!

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

in the case we are looking...
That Jarroo (Jim) guy sure plasters his name about these forums & I think he has some sort of ailment that only allows him to speak what he believes and, even @ that, only after he has Studied it.

Have no clue who the Other Jim is. Probably a Newb.
  • #124
  • Apr 14, 2009 11:38am Apr 14, 2009 11:38am
Quoting Bemac
Geez, Other than getting the Time Factor input into this, I'm not sure if I'm needed anymore.
We value everyone's input, so you are welcome to stick around.

On another note, I am using MissPips version "Bemac ICCE eights 1.5" (she is about 7 versions ahead of me now!). Here are the fibs, based on GMT 2200 to 2400 prices - I made no adjustments. Note how the 23.8 fib is VERY strong (eights changed to std fibs).
Attached Image (click to enlarge)
Click to Enlarge Name: icce 4-14-09.gif Size: 14 KB
  • #125
  • Edited 12:28pm Apr 14, 2009 12:16pm | Edited 12:28pm
Quoting smjones
So far today. Been a fairly easy way to trade. I just wait for the re-test and the set a stop entry.
Hi Scott

Bemac quoted this post as an example.

So, does that mean that we always should wait for a retest before taking a trade?

I'm surely doing it wrong as I enter the trade on a clear break of the channel but I TP on any sign of reverse on the TF I took the trade.

But what if there is no retest, or which level exactly should be retested?
  • #126
  • Apr 14, 2009 12:34pm Apr 14, 2009 12:34pm
Quoting kenmania
Chickened out.
Well done as the bears lost power on touch of 61.8% fib of yesterdays low/high.
  • #127
  • Apr 14, 2009 12:35pm Apr 14, 2009 12:35pm
Quoting cobraforex
Hi Scott

Bemac quoted this post as an example.

So, does that mean that we always should wait for a retest before taking a trade?

I'm surely doing it wrong as I enter the trade on a clear break of the channel but I TP on any sign of reverse on the TF I took the trade.

But what if there is no retest, or which level exactly should be retested?
Cobra, I know you didn't ask me but I have an opinion anyway.

I have made a few trades based on the channel break, without retest. All have been successful so far. No big pips but no loss either. I would imagine that a break and retest of any of the fibs would be a good indication to consider taking a trade, assuming things like trading with the trend and good signals from your usual indicators. I don't know if there is a "right" way to use these fibs, but I bet your experience of using other S/R trading techniques would apply.
  • #128
  • Apr 14, 2009 12:45pm Apr 14, 2009 12:45pm
[quote=cobraforex;2668630]Hi Scott

Bemac quoted this post as an example.

So, does that mean that we always should wait for a retest before taking a trade?[quote]


I replied in the development thread.
Here.
http://www.forexfactory.com/newreply...reply&t=161044

btw. How do you guys get that URL Link to read Here ?
  • #129
  • Apr 14, 2009 12:55pm Apr 14, 2009 12:55pm
Quoting Bemac
btw. How do you guys get that URL Link to read Here ?
Right click on the post number => Copy Link Location

Then paste like this:
http://www.forexfactory.com/showpost...&postcount=128
  • #130
  • Apr 14, 2009 12:56pm Apr 14, 2009 12:56pm
Quoting TradeWell
Right click on the post number => Copy Link Location

Then paste like this:
http://www.forexfactory.com/showpost...&postcount=128
When I do that it shows as a URL address.

Next post is serious....
  • #131
  • Apr 14, 2009 1:05pm Apr 14, 2009 1:05pm
There are times when I wish for a breeze & then there are Times that I wish for Doldrum Strength.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 24 usdusd x daily.gif Size: 13 KB

Sometimes my wishes are heard.

THIS has the potential to suggest another Great Move.
  • #132
  • Apr 14, 2009 1:09pm Apr 14, 2009 1:09pm
Quoting Bemac

I replied in the development thread.
Here.
http://www.forexfactory.com/newreply...reply&t=161044
Clicking on that link send me to a blank page only
  • #133
  • Apr 14, 2009 1:24pm Apr 14, 2009 1:24pm
Quoting Bemac
When I do that it shows as a URL address.

Next post is serious....
OK, so you want it to show like this?
  • #134
  • Edited 2:06pm Apr 14, 2009 1:37pm | Edited 2:06pm
Quoting cobraforex
Clicking on that link send me to a blank page only
Oops. looks like a Site Blink.

Shoulda read something like this...

I also quoted a few others that should be Melded int Scott's Post.
Most importantly; Read the PA as it Approaches significant levels. If PA suggests Continuation, Jump in. If it suggests Bounce, do what Scott did & place an Entry Stop Order.

Don't forget to consider that we may be Wrong & therefore, Also have a SL, at least, in mind.

Subliminal Contributors to this method should include...
The Son of Bonacci.
J16.
Peter Crowns.

All I did was bastardi$e the best of what I could glean from them. + a little of Me-mac

Leonardo: thanks for the In-Depth research.
J16: thanks for the Entry Timing.
PC: thanks for the MM additive.

I think the Front Office Production Crew are known to most of us here & I won't mention Any names because I don't want to miss one.

Job Very well accomplished... so far...
I haven't dnlded the las few New Ind Attachments because I expect them to be redundant in the next month or so.

That is not intended as any kind of slight to the Coders. It's just my optimistic view of where we/you can take this in the next month or so.

Personally, I would like to see the Coding emphasis swing From: User Friendly Lipstick
To: How do we Anchor Time to the Length of The Channel.
  • #135
  • Apr 14, 2009 1:39pm Apr 14, 2009 1:39pm
Quoting TradeWell
OK, so you want it to show like this?
Yes. but only if it saves me some keystrokes.
  • #136
  • Apr 14, 2009 1:48pm Apr 14, 2009 1:48pm
Quoting Bemac
Yes. but only if it saves me some keystrokes.
This is what you do: when replying, highlight the word you want to make the link. Then press the insert link icon (looks like a globe & a chain) then paste the link in the box an click OK. The word you highlighted will now be the link.

Does that help?

I'll be out and about now, so let me know if you need more help, or you can PM me (tho interesting stuff for others probably).
  • #137
  • Apr 14, 2009 1:57pm Apr 14, 2009 1:57pm
Quoting TradeWell
This is what you do: when replying, highlight the word you want to make the link. Then press the insert link icon (looks like a globe & a chain) then paste the link in the box an click OK. The word you highlighted will now be the link.

Does that help?

I'll be out and about now, so let me know if you need more help, or you can PM me (tho interesting stuff for others probably).
With Total respect to the Fairer sex.
Tore it's knickers down. Exposed for all.
Thank you TW. I will try it.
  • #138
  • Apr 14, 2009 2:43pm Apr 14, 2009 2:43pm
Quoting TradeWell
We value everyone's input, so you are welcome to stick around.

On another note, I am using MissPips version "Bemac ICCE eights 1.5" (she is about 7 versions ahead of me now!). Here are the fibs, based on GMT 2200 to 2400 prices - I made no adjustments. Note how the 23.8 fib is VERY strong (eights changed to std fibs).
i got all version from 1 to 12 but all of them show me 0.528 -1.3355 and 0.4720 - 1.3306 my gmt+3 what wrong??thx
  • #139
  • Edited 3:25pm Apr 14, 2009 2:51pm | Edited 3:25pm
Quoting cobraforex
Hi Scott

Bemac quoted this post as an example.

So, does that mean that we always should wait for a retest before taking a trade?

I'm surely doing it wrong as I enter the trade on a clear break of the channel but I TP on any sign of reverse on the TF I took the trade.

But what if there is no retest, or which level exactly should be retested?
Beats me, LOL, just joking. I trade the way I have traded from my experience. I am just using what I have learned here so far and applying it to what I already know. Just waiting for further developments.

BTW all the trades today were successful, for what it is worth.

also, I personally do not like naked breakouts, too many bull or bear traps. I like to see either a strong bar that blasts through a S/R or I like to see a re-test of a s/r, that has already been recently penetrated.
but that's just my style.
  • #140
  • Apr 14, 2009 4:15pm Apr 14, 2009 4:15pm
Quoting Bemac
Personally, I would like to see the Coding emphasis swing From: User Friendly Lipstick
To: How do we Anchor Time to the Length of The Channel.
Hi everyone,

Very interesting stuff going on here.

Bemac, have you used the Fibonacci Time Zones tool yet (you might have to add it to your toolbox)? Do you think this could be the base indicator for what you want to do with the Time Element? Only recently have I started to studying cycles and I never could figure out how to use that tool because the default cycles are 0,1,2,3,4,5. Maybe this can now be used with how kihl setup the standard Fibo tool here with each level representing your percentages.

I slapped it onto a chart. I don't know if you set them cycle to match your 47-52% zone. If this is how you want it to work, then maybe a coder can take it from here to incorporate it with what has already been done.

I'm looking forward to more discussion on the time element

http://i42.tinypic.com/2hyh1sg.gif
0 traders viewing now