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ICCE. Bemac's Fib. Reverse Engineered

  • #201
  • Apr 16, 2009 7:17pm Apr 16, 2009 7:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
so lets see if i'm getting this

i have a range set on EU, we broke the top line, formed a PB and retraced to the 50% - so it looks like the trade wnats to go long - do we enter at the break of the Pb above the TOP line?

still not seeing things as clearly as some although i can see the potential, i can't find the entries

Attached Image (click to enlarge)
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  • #202
  • Apr 16, 2009 7:18pm Apr 16, 2009 7:18pm
I've been following along fairly well in understand the method as it's developing, but the Fib Time Zone thing just lost me. Where do you draw point A & B using the tool?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #203
  • Apr 16, 2009 7:21pm Apr 16, 2009 7:21pm
Things that make you go... Hmmmm....
Attached Image (click to enlarge)
Click to Enlarge Name: Silver x 30 April 21 18_30 PM.PNG Size: 52 KB


If you're into Futures, this one may pack a Punch.
  • #204
  • Apr 16, 2009 7:30pm Apr 16, 2009 7:30pm
Quoting Bemac
Things that make you go... Hmmmm....Attachment

If you're into Futures, this one may pack a Punch.

Ah, start to end of channel range. High Oh and away!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #205
  • Apr 16, 2009 7:32pm Apr 16, 2009 7:32pm
Quoting LasVahGoose
I've been following along fairly well in understand the method as it's developing, but the Fib Time Zone thing just lost me. Where do you draw point A & B using the tool?
If you have the Fib Time Zone Tool available to you, then set the inputs as I posted earlier.

Plot your Channel {Use the bars that contain your Channel to do this}
Insert: a Shape: Rectangle: over your Channel.

Add Fib Time Zone to Laterally Cover Your Rectangle.

If you look closely at the Images I posted, you may notice that Price Channel Parameters intersect Time Channel Parameters at the Laminate Center.
This is not neccessary but assists me in Quality Control.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 13 silver box hairs.gif Size: 44 KB
  • #206
  • Apr 16, 2009 7:39pm Apr 16, 2009 7:39pm
And just incase you don't have time to read All the posts...

Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 13 silver box hairs trendline.gif Size: 43 KB


Don't let the Trendline catch you by surprise.
  • #207
  • Apr 16, 2009 7:41pm Apr 16, 2009 7:41pm
Quoting Bemac
And just incase you don't have time to read All the posts...

Attachment

Don't let the Trendline catch you by surprise.

I'll make the time to read the thread a second time. Thank you.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #208
  • Apr 16, 2009 7:55pm Apr 16, 2009 7:55pm
Quoting LasVahGoose
I'll make the time to read the thread a second time. Thank you.
Hey Goose...
A couple of things to consider...
1) I thought this up & researched it on my own. There is no-one doing this unless they copied me sometime over the last 3 years.

2) How F#--ed in the head would I have to be to do/see this relationship? (btw. there's more :nerd:blush:

3) You want me to explain it in Sane Terms...

4) I really am trying...


My parameters 3 years ago.
"Rather than Historically Label an Extreme Move {High to Low} I want to catch it in the Middle & ride the Latter 50% of the move."

I really want you to get a handle on this, so, if you have Any questions, Please, fire away.
  • #209
  • Apr 16, 2009 8:17pm Apr 16, 2009 8:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Ok so i think i'm all set, not sure that im finding the right channels though

but i'm going to watch the eu to see what happens

Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.gif Size: 27 KB



? how to find channels ? there are so many pairs and so many TF, how do we decide which ones to look at, is there a method - ie IB on 1h TF normally mean lower tf is in a range, i suppose this applies to all TF as we can see some ranges on 4h also.

much to learn
  • #210
  • Apr 16, 2009 8:58pm Apr 16, 2009 8:58pm
Quoting MPP
Ok so i think i'm all set, not sure that im finding the right channels though

but i'm going to watch the eu to see what happens

Attachment


? how to find channels ? there are so many pairs and so many TF, how do we decide which ones to look at, is there a method - ie IB on 1h TF normally mean lower tf is in a range, i suppose this applies to all TF as we can see some ranges on 4h also.

much to learn
Here's how I'm looking at it...
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 14 eurusd x 5min box hairs trendline.gif Size: 33 KB
  • #211
  • Apr 16, 2009 10:02pm Apr 16, 2009 10:02pm
Is this suggesting that the channel is not drawn correctly...?
The trendlines should intersect the time line at the same
distance above and below...or not?
Attached Image (click to enlarge)
Click to Enlarge Name: Intersection.jpg Size: 218 KB
Listen to the whispers.... You may learn something
  • #212
  • Apr 16, 2009 10:17pm Apr 16, 2009 10:17pm
Quoting Scrutch
Is this suggesting that the channel is not drawn correctly...?
The trendlines should intersect the time line at the same
distance above and below...or not?
Scrutch,
IMO, you're almost there, your upper TL is just a tad off alignment. The trendline has to go through the point where the same %age Price and TimeZone point meets. Your lower TL is correct.

dee
  • #213
  • Apr 16, 2009 10:19pm Apr 16, 2009 10:19pm
Quoting Scrutch
Is this suggesting that the channel is not drawn correctly...?
The trendlines should intersect the time line at the same
distance above and below...or not?
Ok...the upper trendline is off a bit...duh

If price and time are squared with the vertical channel
and is the same ratio as the horizontal channel then
the intersection has to be the same, basic math thingy.

Edit: PnS...rats, ya beat me to it dee.
Listen to the whispers.... You may learn something
  • #214
  • Apr 16, 2009 10:24pm Apr 16, 2009 10:24pm
Quoting Scrutch
Is this suggesting that the channel is not drawn correctly...?
The trendlines should intersect the time line at the same
distance above and below...or not?
It suggests to me that:

Your Channel End is just a little shy.
Mine stops at the Candle Prior to the Large Bull Candle.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 14 eurusd x 5min box hairs trendlines.gif Size: 23 KB

Either way, plot the Trendline to Cross the Intersections.
  • #215
  • Edited 11:52pm Apr 16, 2009 11:02pm | Edited 11:52pm
Quoting Bemac
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.
For the past couple of weeks I have been exploring things similar to this. All I've been doing is draw lines on charts. I've been surprised how the prices line up. However I have never really figured out how to make use of this info. How do I use this as a predicting tool? It can still follow any path. In my studies, one of the missing components has been future time. The fibo time zones used with Bemacs method sheds some light.

Below is one of my chart studies. Where will price go? Will it follow the dotted blue line down or will it eventually follow the original yellow trend line? I don't know. I will wait and see.

Bemac, how would you read this?

I have copied the original trendline by selecting it (you'll see 3 dots on the line), while it is selected, hit the Ctrl key and use your mouse to drag a new copy of it. Make sure you only move the line with the middle dot or else you will accidentally alter the angle of your line.

I find it very interesting how these new trendlines served as historical S/R or Pivot lines.

dee

chart is EURUSD, 1H
Attached Image (click to enlarge)
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  • #216
  • Apr 16, 2009 11:06pm Apr 16, 2009 11:06pm
Hi Dee:

Much appreciated if you will resize the picture; using Forex Factory function to attach to the thread. It make reading and viewing your chart and other posts very difficult. Take care

Jeff

Quoting dee
For the past couple of weeks I have been exploring things similar to this....
~*~You are only one trade away from humility~*~
  • #217
  • Apr 16, 2009 11:16pm Apr 16, 2009 11:16pm
this is an interesting expt.
i have the same height as bemac and same start point
but am testing the end.
i interpret the jump above the upper line to be a stop runner quick play , i assume (at this stage) that the channel continues to 00.15GMT ( the same sort of jitter as before the stop run) and then it falls through the floor at 0020GMT.
my trend line hits the 61.8 line at 1.3140 at 0830.
i await the results of the expt!
  • #218
  • Apr 17, 2009 4:20am Apr 17, 2009 4:20am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
here's an Update to the Eu chart posted earlier, also i placed the fib's on an Uchf chart at the same time today, both have played out well, now all i have to do is learn to find the entries.

Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 25 KB
  • #219
  • Apr 17, 2009 4:31am Apr 17, 2009 4:31am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Bemac
Here's how I'm looking at it...
My candles are spaced differently, but i got most of the channel you posted - thats a good start, this will be one of those keep trying issues. i still havn't worked out the entries and exit points, but i think i'm starting to see them.

what about the pairs and TF any views on this, or is it just a case of pick a couple and stick with them as these trades are always around.
  • #220
  • Apr 17, 2009 7:48am Apr 17, 2009 7:48am
Just a little off topic, but still on the topic. Gann eigths from a range with time squared and placed into Gann eights
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