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ICCE. Bemac's Fib. Reverse Engineered

  • #141
  • Apr 14, 2009 5:18pm Apr 14, 2009 5:18pm
Quoting smjones
Beats me, LOL, just joking. I trade the way I have traded from my experience.

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.
Thanks for the explanation Scott (my question wasn't ment too serious neither)

I took the time and was back reading every single post of this thread again but still can’t find a suggested clear line how to trade this thingy.

Actually everybody trades “his” (or her) TF and draw also the range which he/she sees on the chart but I can’t see that we all are talking the same language regarding to this method.

I’m doing fine trading it my way (my scalper nature comes through again, lol) and can cash pips every time I use this strategy along with my THV system and that is the most important for me but if someone asks me to explain ICCE, I couldn’t yet cause it’s still with rubber rules.
  • #142
  • Edited 11:25pm Apr 14, 2009 5:36pm | Edited 11:25pm
Quoting avi
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
Your time option in the indicator needs to be set to 0100 to 0300 hours.
  • #143
  • Apr 14, 2009 5:39pm Apr 14, 2009 5:39pm
This in example that put Bemac in another thread.

http://www.forexfactory.com/showpost...ostcount=26972

this is my analysis. IMHO
Attached Image(s) (click to enlarge)
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #144
  • Edited 11:24pm Apr 14, 2009 5:41pm | Edited 11:24pm
Quoting cobraforex
.. if someone asks me to explain ICCE, I couldn’t yet cause it’s still with rubber rules.
I think you are right for now. As Bemac said, these fibs give us an anchor, not replace any method we are using. I feel like it has helped me get better perspective of where we are and where we may be going. Still trading THV though.
  • #145
  • Edited 8:08pm Apr 14, 2009 5:45pm | Edited 8:08pm
Quoting cobraforex
Thanks for the explanation Scott (my question wasn't ment too serious neither)

I took the time and was back reading every single post of this thread again but still can’t find a suggested clear line how to trade this thingy.

Actually everybody trades “his” (or her) TF and draw also the range which he/she sees on the chart but I can’t see that we all are talking the same language regarding to this method.

[font=Arial]I’m doing fine trading it my way (my scalper nature comes through again,...
I believe This is going to be a fairly long process to bring out information piece by piece. I also think that is how it should be for a couple of reasons; one to make sure it is understood and assimilated, and two to weed out the bottom feeders who want a quick mechanical set of rules. In my opine, the best methods are those that are not strictly mechanical. So in the immortal words of Sir Arthur Doyle's Sherlock Holmes, " The Game is afoot."

Scott
  • #146
  • Apr 14, 2009 7:16pm Apr 14, 2009 7:16pm
Quoting smjones
I believe ... the best methods are those that are not strictly mechanical. So in the immortal words of Sir Arthur Doyle's Sherlock Holmes, " The Game is afoot."

Scott
I love it.

Set loose "The Irregulars."

Y'know the bigs have already bookmarked this thread, don't you.

PLEASE; do not Place Trades in this Forum.
PLEASE; Post Projections ie The Potential of A Trade.

hehe heh. as well as those that you have already taken.
  • #147
  • Apr 14, 2009 8:05pm Apr 14, 2009 8:05pm
Funny smjones... funny.


Ya know, I still work a day job, and it is taking time away from working with this new tool... Gotta quit that job someday!

Really enjoying this thread everyone!

I'll tell you what my wife tells me - go faster! (When I am scratching her back. C'mon Bemac, I know what you were thinking!)
I'm pretty much done with all this ...
  • #148
  • Apr 14, 2009 8:17pm Apr 14, 2009 8:17pm
Quoting StoragePro
Funny smjones... funny.


Ya know, I still work a day job, and it is taking time away from working with this new tool... Gotta quit that job someday!

Really enjoying this thread everyone!

I'll tell you what my wife tells me - go faster! (When I am scratching her back. C'mon Bemac, I know what you were thinking!)
Experince cannot be achieved without ...

Old.
Old is not neccessarily bad. It just means understanding "Did you think that was fast? I thought that was fast. What did you think? Was that fast?"

Skill vs "The Young vicarious buck"
Bring it!
Turn around please.
thank you.
  • #149
  • Apr 14, 2009 8:24pm Apr 14, 2009 8:24pm
Quoting StoragePro
... Gotta quit that job someday!...
Not if you focus on {"Quiting some day."}
Focus on "The Moment"

{the Jewel to those that may remember but that's years ago.}
  • #150
  • Apr 14, 2009 8:41pm Apr 14, 2009 8:41pm
Good night to all in this thread,

1) Just FINALLY got the indicator working,

2) Bemac, you posted a chart in the J16 thread, was this what you were trying to point out ? (See Chart One)

3) Also Bemac would you be so kind as to expound as to why this . . . Actually works, from a . . Orderflow point of view ? {if you so wish}

Finally, have a look at charts two and three, I actually only intended to post chart two because that really sprang to mind as a ICCE type set up eventhough I have only ran through your threads about once as of yet and to be honest simple minds like mine are easily confuzzled.

a) Am I doing it right ?

b) I actually just scrolled back a bit to see what was happening to the left and some pretty freaky stuff was happening back there using those levels (See the third chart)

EDIT - Awesome thread by the way.
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  • #151
  • Apr 14, 2009 8:47pm Apr 14, 2009 8:47pm
Quoting Bemac
Not if you focus on {"Quiting some day."}
Focus on "The Moment"

{the Jewel to those that may remember but that's years ago.}
Touche!

Reminds me of a joke.

Old Bull and Young Bull are sitting up on a hill overlooking a peaceful meadow. Young Bull spots a herd of Cows below, and excitedly says to Old Bull:

"Hey c'mon, c'mon, let's go run down there and breed one of them cows. Let's go, c'mon, hurry, let's go!!! Run, run!"

Old Bull looks up from his business, looks over the herd and calmly replies:

"No, let's walk down, and breed 'em all"


:nerd:
I'm pretty much done with all this ...
  • #152
  • Apr 14, 2009 11:19pm Apr 14, 2009 11:19pm
Preety cool stuff...Will be paying attention to this thread
  • #153
  • Apr 15, 2009 3:29am Apr 15, 2009 3:29am
Quoting TradeWell
Your time option in the indicator needs to be set to 0100 to 0300 hours.
thx
  • #154
  • Apr 15, 2009 4:23am Apr 15, 2009 4:23am
Currently short in the usdjpy....Based on resistance of the range...

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  • #155
  • Apr 15, 2009 5:08am Apr 15, 2009 5:08am
If the market travels to a higher price...next level of resistance looks very nice ...

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  • #156
  • Apr 15, 2009 5:40am Apr 15, 2009 5:40am
Sherm,
can You post please settings for Your fib?

Thanks.
  • #157
  • Apr 15, 2009 5:45am Apr 15, 2009 5:45am
Quoting tfflyer
Sherm,
can You post please settings for Your fib?

Thanks.

Yep mate..

Attached File(s)
File Type: tpl eurusd.tpl   23 KB | 418 downloads



Yep just trade it Demo untill you get a hang of it...I am doing the same with ....my usdjpy trade is live since its a typical trade I normally take...just watch price action around the levels ...still making my rules here for it...make sure it fits with what your doing already
  • #158
  • Apr 15, 2009 6:03am Apr 15, 2009 6:03am
Alright I will be looking to get long in this puppy around the 8800 area but the main area for me is 8350...I will look for longs in other areas though. But I will most likely give the trade more room to breath and mature. Aslong as the market keeps on trending down my perspective wont change from the daily chart perspective...

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  • #159
  • Apr 15, 2009 6:05am Apr 15, 2009 6:05am
Closed my short in the usdjpy since we have to much buying pressure at the moment in this pair...I gave it a period to mature and simply price is not doing what I want to see. I will now wait for price to climb higher and take another shot at it if the price action is correct..

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  • #160
  • Apr 15, 2009 7:11am Apr 15, 2009 7:11am
Preety nice I must say...

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