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ICCE. Bemac's Fib. Reverse Engineered

  • #241
  • Apr 20, 2009 7:50am Apr 20, 2009 7:50am
USDJPY Daily
Attached Image (click to enlarge)
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  • #242
  • Apr 20, 2009 8:02am Apr 20, 2009 8:02am
Can't find the post right now but someone asked me Why is My 38% located where Thier 62% falls.

Answer:
If you notice My inputs, they are symetrical from 50%. Therefore, The Label is irrelevent {other than the wieghting Scale I attribute to certain levels}. The Location is what is important.


Actually, the reason is because, I tend to Draw my BaseLines from Low Left to High Right.
  • #243
  • Apr 20, 2009 8:03am Apr 20, 2009 8:03am
Went very well. Good stuff Bill
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  • #244
  • Apr 20, 2009 8:11am Apr 20, 2009 8:11am
Quoting smjones
Went very well. Good stuff Bill
I'm sure you didn't expect to slip that one by. The Fan I mean.

Looks like Anchor is Start Top/Start Bottom plotted through Mid Price & Mid Time...
Can you subdivide that into 100ths & therefore ICCE Fib Levels on a Fan?
  • #245
  • Edited 8:34am Apr 20, 2009 8:15am | Edited 8:34am
Quoting Bemac
I'm sure you didn't expect to slip that one by. The Fan I mean.

Looks like Anchor is Start Top/Start Bottom plotted through Mid Price & Mid Time...
Can you subdivide that into 100ths & therefore ICCE Fib Levels on a Fan?
I don't see why not. I just did it manually, but it would not be that difficult to program. Just take some time is all.

EDIT

I think the existing fan tool can already do this with the same type of inputs as the fib draw and the fibtime.

edit 2

Yes it can do it just fine, I just checked and added the fibs I wanted. no problem.
  • #246
  • Apr 20, 2009 8:37am Apr 20, 2009 8:37am
Quoting smjones

Yes it can do it just fine, I just checked and added the fibs I wanted. no problem.
Can you post a Chart Example? Don't search for the Best One. Just Post one.
  • #247
  • Apr 20, 2009 8:50am Apr 20, 2009 8:50am
Here is a fan from the tool using a lot of fibs from the origin
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Attached Images
  • #248
  • Apr 20, 2009 8:53am Apr 20, 2009 8:53am
Here is the current situation on GBPUSD
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  • #249
  • Apr 20, 2009 9:10am Apr 20, 2009 9:10am
Let's see how this will play out. I did these fib fan studies last week. There was convergence for USDJPY where you see the red ellipse. Let's see if price reaches the highlighted target areas.

Bemac, if these charts detract, please let me know and I shall delete.
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  • #250
  • Apr 20, 2009 9:16am Apr 20, 2009 9:16am
Quoting dee
Let's see how this will play out. I did these fib fan studies last week. There was convergence for USDJPY where you see the red ellipse. Let's see if price reaches the highlighted target areas.

Bemac, if these charts detract, please let me know and I shall delete.
Keep workin' it dee.
I feel you may have a following of guests/Members
Please Do Not Delete Your Posts.
  • #251
  • Apr 20, 2009 9:28am Apr 20, 2009 9:28am
I have been silently following this thread and other one in Programming Discussion forum. I have a question on fib/indicator. Do we keep re-drawing the fib every day?

Lets say I drew a fib on Friday and took a trade and still holding, Do I again the redraw the fib today? in that case my criteria's for Friday's trade will not become void? Since the new fib drawn today might have different values?

I hope, I 'am not confusing

Thanks!
  • #252
  • Apr 20, 2009 9:42am Apr 20, 2009 9:42am
Quoting Bemac
Keep workin' it dee.
I feel you may have a following of guests/Members
Please Do Not Delete Your Posts.
LOL, I wouldn't recommend following me given that I don't really know what's going on. The lines just work. Patterns exist. How does one trade off them? No idea, I'm still waiting for Bemac to give us more clues.
  • #253
  • Apr 20, 2009 11:04am Apr 20, 2009 11:04am
Quoting dee
LOL, I wouldn't recommend following me given that I don't really know what's going on. The lines just work. Patterns exist. How does one trade off them? No idea, I'm still waiting for Bemac to give us more clues.

Aren't we all...

My main questions/issues are the following:

  1. Given that we do recognise a horizontal channel forming, do we wait for a breakout of the range in order to draw our fib studies?
  2. If we now add the fib fan studies as well wouldn't that completely hide PA?

Donald
http://www.james16group.us/forums/im...448&type=thumb
(for recognition purposes )

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  • #254
  • Apr 20, 2009 11:25am Apr 20, 2009 11:25am
Quoting Bemac
Thanks for the 'Copy Paralell' text in your post. I use it quite regularly now.
A thanks from me too..though I took it quite far...
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  • #255
  • Apr 20, 2009 11:47am Apr 20, 2009 11:47am
looks more and more like Gann Box to me ever...


Quoting TradeWell
A thanks from me too..though I took it quite far...
~*~You are only one trade away from humility~*~
  • #256
  • Apr 20, 2009 12:53pm Apr 20, 2009 12:53pm
Quoting jharteam
looks more and more like Gann Box to me ever...
I suppose I should check out Gann. I never delved into it.

Actually my chart reminded me of Scottish plaid for some reason...
  • #257
  • Apr 20, 2009 1:20pm Apr 20, 2009 1:20pm
Quoting TradeWell
I suppose I should check out Gann. I never delved into it.

Actually my chart reminded me of Scottish plaid for some reason...
Stop yer ticklin' Jock.

That's no a black puddin...
  • #258
  • Apr 21, 2009 8:00am Apr 21, 2009 8:00am
Quoting Bemac
USDJPY Daily
Attachment
hi how do you draw a box on daily i set range but no box appeard to move
thanks for your help
  • #259
  • Apr 21, 2009 8:05am Apr 21, 2009 8:05am
Quoting censura
hi how do you draw a box on daily i set range but no box appeard to move
thanks for your help
I asked the same question less than a week ago. I think it was Jonesy that explained it to me.

Main Menu:
Insert:
Shapes:
Rectangle:

Drag to cover the Params.

Attached Image (click to enlarge)
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You are talking about the Blue Box, right?

hth
  • #260
  • Apr 21, 2009 8:14am Apr 21, 2009 8:14am
thank you
simple really
Quoting Bemac
I asked the same question less than a week ago. I think it was Jonesy that explained it to me.

Main Menu:
Insert:
Shapes:
Rectangle:

Drag to cover the Params.

Attachment

You are talking about the Blue Box, right?

hth
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