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ICCE. Bemac's Fib. Reverse Engineered

  • #181
  • Apr 16, 2009 1:57am Apr 16, 2009 1:57am
I have now taken 90 percent of the board....


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  • #182
  • Apr 16, 2009 2:02am Apr 16, 2009 2:02am
I have now moved my stop loss in the last remainders 10 percent to the previous candles high

we are coming to major support area....

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  • #183
  • Apr 16, 2009 2:10am Apr 16, 2009 2:10am
Have moved my stop to the current candle high...I am willing to get cought in a wipsaw since we are now impacting major support...

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  • #184
  • Apr 16, 2009 2:13am Apr 16, 2009 2:13am
Like expected we got the buying pressure from suppor/61.8

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  • #185
  • Apr 16, 2009 2:16am Apr 16, 2009 2:16am
Alright stop got hit ...

Total growth R x 1.06

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  • #186
  • Apr 16, 2009 2:21am Apr 16, 2009 2:21am
Helou

I like a lot this fibo thing what Bemac has showed to us..

Thanks for that.


Best.
  • #187
  • Apr 16, 2009 2:46am Apr 16, 2009 2:46am
Here is the other trade I took yesteday....

took profits 61.8 area resistance to the left and currently holding only 10 percent...

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  • #188
  • Apr 16, 2009 4:15am Apr 16, 2009 4:15am
Here is something to look for....

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  • #189
  • Apr 16, 2009 5:07am Apr 16, 2009 5:07am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Shermenator
Here is something to look for....

Attachment
Hi Shermen
i agree that the support zone you've highlighted is relevant, but i'm not sure what range you've used to place the ICCE fib on.

was it from a lower TF?

regards

MPP
  • #190
  • Apr 16, 2009 5:16am Apr 16, 2009 5:16am
Quoting MPP
Hi Shermen
i agree that the support zone you've highlighted is relevant, but i'm not sure what range you've used to place the ICCE fib on.

was it from a lower TF?

regards

MPP
Here is the pick bud...look at what happends every time the market comes to this area...

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  • #191
  • Apr 16, 2009 6:04am Apr 16, 2009 6:04am
Will be looking for price action if price dips a bitt more...

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  • #192
  • Apr 16, 2009 10:53am Apr 16, 2009 10:53am
Using the Inputs posted by Kihl Here & Here

I modified the In House Fibonacci Time Zones

Here's what I got.
Attached Image (click to enlarge)
Click to Enlarge Name: fib time rev engineered 1 gbpusd x 1hr.gif Size: 56 KB


I plotted the Fib Time as the Length of the Channel but as Sherm says... Nothing wrong with Dragging it a little.
Same with the Channel Range.

Elipses mark the Intersection of 61.80 %Price & 61.80 %Time... 76 & 85 also..

Notice the Trendline?
  • #193
  • Apr 16, 2009 11:02am Apr 16, 2009 11:02am
img.
Attached Image

Not sure why the 47 & 52 don't show on Chart.
EDIT: Got it.
Levels for 47 & 52 Should Read 0 {zero} & 1
Attached Image


Edited the Original attacment so they now both look the same but correct.
  • #194
  • Apr 16, 2009 11:19am Apr 16, 2009 11:19am
Interesting information Mr. Bemac

I have never found a practical use of the fib timezone tool until now.
  • #195
  • Apr 16, 2009 11:20am Apr 16, 2009 11:20am
Quoting Bemac
I plotted the Fib Time as the Length of the Channel but as Sherm says... Nothing wrong with Dragging it a little.
Same with the Channel Range.

Elipses mark the Intersection of 61.80 %Price & 61.80 %Time... 76 & 85 also..

Notice the Trendline?
Outstanding...!
Listen to the whispers.... You may learn something
  • #196
  • Apr 16, 2009 12:36pm Apr 16, 2009 12:36pm
Helou.

Was not waiting more then just chanel fib here...

Now i have a question.

On Bemac example for drawing Fib time it looks like there is need to define how long is chanel... But i think we will get answer in time..

Offcourse, there is alot of other questions..

Best.
  • #197
  • Apr 16, 2009 12:54pm Apr 16, 2009 12:54pm
Quoting tfflyer
Now i have a question...
Hi there tfflyer;
With this being a New Concept to most here, they appear to be conjuring up Channels. This is not neccessary as they will appear as Time Passes.

Personally, I prefer Channels of decent Length & No Wicks/Shadows beyond the Channel.
  • #198
  • Apr 16, 2009 2:44pm Apr 16, 2009 2:44pm
cool so the Fibo Time Zone tool does work

ahhh, now I see the trendline!!!
Quoting Bemac
I modified the In House Fibonacci Time Zones

Here's what I got.
Attachment

Notice the Trendline?
  • #199
  • Apr 16, 2009 4:53pm Apr 16, 2009 4:53pm
I like How I had my range for the eurgbp since yesterday and then I just added the tool and bang fireworks came out lol...

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  • #200
  • Apr 16, 2009 7:04pm Apr 16, 2009 7:04pm
We are starting to open the Fib Time relationship to this Ind.
Attached Image (click to enlarge)
Click to Enlarge Name: fib time rev engineered 1 eurgbp x 30min.gif Size: 50 KB


Do not lose the Importance of The Trendline Insinuated by collision of Like Levels.

I am {very} open to any other discoveries {based on these observations} you may have.
I have never claimed that I have All solutions.
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