Attachments: ICCE. Bemac's Fib. Reverse Engineered

ICCE. Bemac's Fib. Reverse Engineered

#221
Apr 17, 2009 8:51am Apr 17, 2009 8:51am

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

Quoting MPP

Disliked

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.

Ignored

Tried this one yet?

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1) Select your Trendline.
2) Hold down Ctrl key.
3) Grab the Middle Handle & Drag a Copy of your Trendline to Anchor on 47 & 50

#222
Apr 17, 2009 9:20am Apr 17, 2009 9:20am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Waiting for price to head south

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#223
Apr 17, 2009 9:51am Apr 17, 2009 9:51am

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

next one in the cycle

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#224
Edited 10:16am Apr 17, 2009 10:10am | Edited 10:16am

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

A few people have PMed me about how I drew this so this is what I did.

1 I used the tool I wrote for Bemac for fibs, but plugged in the Gann 1/8ths
It is in the other thread as Bemac ICCE Eights.mq4

I then used the end of the day GMT range that forms on this currency.

I then figured out the difference between the High of that range and the low of that range. In this case it is 25 pips.

So next I squared time and price as per Gann and Jenkins, by placing the cycle tool on the chart at the end of the channel range I set up at the High point and then moved the cycle tool start position back 25 pips to square time and price.

I then drew a descending trend line through the diagonal corners of the channel time price square.

Then because any diagonal defines a square I just copied the line every 25 pips up and down to make the channel that descends and contains price.

I hope this is ok to talk about here with Bemac, because he said he welcomed different ideas on this approach in this post

#225
Apr 17, 2009 10:29am Apr 17, 2009 10:29am

tfflyer
| Joined Sep 2007 | Status: Trader | 1,404 Posts

Hi

In other thread there is quite a lot of ICCE .. which one is the right one smjones ?

Thank You.

#226
Apr 17, 2009 10:31am Apr 17, 2009 10:31am

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

Quoting tfflyer

Disliked

Hi

In other thread there is quite a lot of ICCE .. which one is the right one smjones ?

Thank You.

Ignored

Bemac ICCE Eights.mg4 April 09, 2009 in the other thread

#227
Apr 17, 2009 1:26pm Apr 17, 2009 1:26pm

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

In keeping with Bemac's teaching here is my last chart for the weekend

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#228
Apr 17, 2009 2:08pm Apr 17, 2009 2:08pm

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

Quoting smjones

Disliked

In keeping with Bemac's teaching here is my last chart for the weekend

Ignored

Hey Scott, I've had this ICCE thing in my head for over 3 years with very few Traders who believed there may be something to it.

I Invoke you {neh, invite you} to let the juice flow.
6 Months from now you will be searching for 'That Post' because it had a hidden pearl.

This is not Bemac's forever, merely for now.

#229
Apr 17, 2009 3:27pm Apr 17, 2009 3:27pm

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

I'm still here but with more patience.

Just let it come and I'll try to "eat" it.

A great weekend everybody

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#230
Apr 18, 2009 10:29am Apr 18, 2009 10:29am

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

Here's one for the scalpers.

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Is your SL my TP?

#231
Apr 18, 2009 12:23pm Apr 18, 2009 12:23pm

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

Quoting Bemac

Disliked

Hey Scott, I've had this ICCE thing in my head for over 3 years with very few Traders who believed there may be something to it.

I Invoke you {neh, invite you} to let the juice flow.
6 Months from now you will be searching for 'That Post' because it had a hidden pearl.

This is not Bemac's forever, merely for now.

Ignored

Yes, there is a pearl in what I said about squaring price and time. If I have a range of x pips and I count back from the right end of that range x bars and place my start of fib time there, I have squared time and price and the diagonal line I can draw by bisecting the square of price and time will ALWAYS intersect ALL Fibs drawn from that range using the ICCE , at the exact time and price that each Time fib and each price fib concur. And this will ALWAYS be so for any percent number I choose to plug into the time and the price tools, using the following formula

PriceToolValue = (FibX-Top) / (Top-Bot) +1

As long as the calculation for time is the same as the calculation for price, they will ALWAYS coincide with each other and form a perfect trend line on the fibs used or any other percent used for that matter.

The reason of course is because any bisecting diagonal of a square is infinitely a bisecting diagonal of infinitely larger squares. and the process is fractal in nature and design.

#232
Apr 18, 2009 1:50pm Apr 18, 2009 1:50pm

m78
| Joined May 2008 | Status: Trader | 147 Posts

Quoting smjones

Disliked

PriceToolValue = (FibX-Top) / (Top-Bot) +1

Ignored

guys I dont' know why you complicate that equation ...

it's simply

PriceToolValue = (FibX-Bot) / (Top-Bot)

why bother adding the +1

so

PriceToolValue = (FibX-47.2136) / (5.5728)
OR
PriceToolValue = (FibX-47.21) / (5.57)
OR
PriceToolValue = (FibX-47) / (5.57)

m78

#233
Apr 18, 2009 3:08pm Apr 18, 2009 3:08pm

smjones
Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts

[quote=m78;2677959]guys I dont' know why you complicate that equation ...

it's simply

PriceToolValue = (FibX-Bot) / (Top-Bot)

why bother adding the +1

so

PriceToolValue = (FibX-47.2136) / (5.5728)
OR
PriceToolValue = (FibX-47.21) / (5.57)
OR
PriceToolValue = (FibX-47) / (5.57)

m78[/quo

I think you missed the point of my post. the formula was only a side note.

#234
Apr 19, 2009 8:33pm Apr 19, 2009 8:33pm

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

Whatever; Please, stop disecting it to the 10th decimal place. You are never going to Hold /or/Place a Trade at those levels.

Meanwhile...

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It appears we are not wasting our time.

#235
Apr 19, 2009 9:25pm Apr 19, 2009 9:25pm

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Alright I am now long ...keep in mind my stop loss is out of the range. I will most likely hold this for while

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#236
Apr 20, 2009 1:03am Apr 20, 2009 1:03am

MPP
Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts

EU 30m chart enclosed, i think my box needs to be a little wider, out to where the Arrow is, this would have moved and changed the angle of the TL's and would have taken the current wave in.

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i would then be looking to short this based on the 30m BEOB that followed the Hanging man, a bearish signal with confirmation.

still learning so not trading - any views

#237
Apr 20, 2009 1:06am Apr 20, 2009 1:06am

Shermenator
Joined Jan 2008 | Status: Trader | 2,996 Posts

Quoting MPP

Disliked

EU 30m chart enclosed, i think my box needs to be a little wider, out to where the Arrow is, this would have moved and changed the angle of the TL's and would have taken the current wave in.

Attachment

i would then be looking to short this based on the 30m BEOB that followed the Hanging man, a bearish signal with confirmation.

still learning so not trading - any views

Ignored

I always measure the range untill the last candle before it breaks out meaning I would move your second point 2 candles to the right IMO