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ICCE. Bemac's Fib. Reverse Engineered

  • #261
  • Apr 21, 2009 10:15am Apr 21, 2009 10:15am
A week and a day into the hourly chart I posted. Here is the updated chart. Price zipped back down from the 61.8 thru the box and onward to the 1.4500 and reversed. Back to the channel now.

No time components on this chart. One step at a time.

Where will it go? I haven't a clue. PA will illuminate the way.

I'd be interested in any comments on this Bemac.
Attached Image (click to enlarge)
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I'm pretty much done with all this ...
  • #262
  • Apr 21, 2009 10:21am Apr 21, 2009 10:21am
Quoting StoragePro
A week and a day into the hourly chart I posted. Here is the updated chart. Price zipped back down from the 61.8 thru the box and onward to the 1.4500 and reversed. Back to the channel now.

No time components on this chart. One step at a time.

Where will it go? I haven't a clue. PA will illuminate the way.

I'd be interested in any comments on this Bemac.
OK, but before we discuss the ICCE thingy on your chart I want to know the params on what appears to be your 3 MA's. & your Chart TF.

Nice box btw. Yeah yeah... I know I kicked open the door. Have your fun & then get back to business.
  • #263
  • Apr 21, 2009 10:35am Apr 21, 2009 10:35am
Watching...
Attached Image(s) (click to enlarge)
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #264
  • Apr 21, 2009 10:53am Apr 21, 2009 10:53am
Quoting Bemac
OK, but before we discuss the ICCE thingy on your chart I want to know the params on what appears to be your 3 MA's. & your Chart TF.

Nice box btw. Yeah yeah... I know I kicked open the door. Have your fun & then get back to business.
EMA's are 60, 150 and 365.

Chart is 1 hr time frame.

Your turn.
I'm pretty much done with all this ...
  • #265
  • Apr 21, 2009 11:01am Apr 21, 2009 11:01am
Quoting StoragePro
EMA's are 60, 150 and 365.

Chart is 1 hr time frame.

Your turn.
Oh, we know those EMAs LOL.
  • #266
  • Apr 21, 2009 11:02am Apr 21, 2009 11:02am
Quoting smjones
Oh, we know those EMAs LOL.
No doubt.
I'm pretty much done with all this ...
  • #267
  • Apr 21, 2009 11:06am Apr 21, 2009 11:06am
This I draw yesterday.

I'm still not trading ICCE but watching.

Sweet till now
Attached Image (click to enlarge)
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  • #268
  • Apr 21, 2009 11:09am Apr 21, 2009 11:09am
Quoting StoragePro
EMA's are 60, 150 and 365.

Chart is 1 hr time frame.

Your turn.
Let's start here.
60 times 1 Hour = 60 Hours.
or
60/24 = 2.5 Days

150 times 1 hour = 150 Hours.
or
150/24 = 6.25 Days.


365 times 1 hour = 365 Hours.
or
365/24 = 15.2 Days.

Can I ask Why these are interesting to you?

Try these & compare.
Firstly;
EMA's look too far back to have a valuable input to the present Market.

1Hr * 24 = One Day
SMA 24.

1Hr * 24 * 6 {days in the Market (1 Week)}
=SMA 144

1Hr * 24 * 6 * 4 {days in the Market (1 Month)}
=SMA 576

Please try these & compare to what you are currently using. Let me know if it helps or hinders.

Bill
  • #269
  • Apr 21, 2009 11:23am Apr 21, 2009 11:23am
60; 150 & 365 would make sense to me IF I were looking at a Daily Chart AND the Market was Always Open.

60 = ~ 2 months.
150 = ~ 5 Months?
365 = ~ 1 Year.

An Exponential EMA includes the First Bar {on the chart} Data in it's calculation.

When last did you scroll that far back in an effort to decide whether to Trade or not?
  • #270
  • Edited 11:56am Apr 21, 2009 11:27am | Edited 11:56am
Quoting Bemac

Can I ask Why these are interesting to you?

Try these & compare.
Firstly;
EMA's look too far back to have a valuable input to the present Market.

Please try these & compare to what you are currently using. Let me know if it helps or hinders.

Bill
the EMA's I use come from James. I use them, not to take any directional instruction from them for trends, and certainly not a crossing system. What they do is often act like support or resistance - and when they find confluence with existing S/R or Fibs, they are even nicer. Then there is the 'first time back' to a 150 or 365. With PA, results in a nice trade.

To sum it up - they can give me a heads up on a location for possible PA to occur.

I'll look at the SMA's you've shown me. Pollution control statement: It is off topic to discuss here I suppose, but how do you employ these (if ever?)

BTW - I never heard about EMA's calculating using the 1st bar on a chart. I use the standard MA indicator - not some custom thing-a-ma-bob. EMA's are calculated according the the MT4 help system: EMA = (CLOSE(i) * P) + (EMA(i - 1) * (100 - P))

Where do you know that info from?
I'm pretty much done with all this ...
  • #271
  • Apr 21, 2009 11:43am Apr 21, 2009 11:43am
Quoting StoragePro
the EMA's I use come from James....
Firstly: I would like to say Thanks for your support on the K-lick forum. I would have posted there but it seems I may be banned or bannished.
In the word(s) of William Wallace...

"FREEDOM"

To Topic;
No, It's not off topic. at least not here in my thread.

To the 3rd year student.
Should I tell them to forget Everything they learned in year 1 & 2 & Only utilize the "Now"?
If I did, I think I would knock points off my self esteem.

Guys; This entire part of your Life here at FF is about... well... YOUR Future...

It's about You. Glean from me what you can & don't miss the opportunity that {quite} a few others offer you.

But it's gonna take some work.
Nothin's Free. {except advice}

Does that fit?
  • #272
  • Apr 21, 2009 11:53am Apr 21, 2009 11:53am
Quoting StoragePro
... how do you employ these (if ever?)
As a visual grasp of momentum. I don't Trade them per se.
  • #273
  • Apr 21, 2009 12:52pm Apr 21, 2009 12:52pm
Wonder if these are of any significance...
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #274
  • Apr 21, 2009 5:58pm Apr 21, 2009 5:58pm
Quoting Bemac

Does that fit?
Like a glove.
I'm pretty much done with all this ...
  • #275
  • Apr 21, 2009 6:30pm Apr 21, 2009 6:30pm
Quoting jharteam
Wonder if these are of any significance...
Of course they are.
Attached Image (click to enlarge)
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My view is just a liitle to the side of yours.
  • #276
  • Apr 21, 2009 10:10pm Apr 21, 2009 10:10pm
Taking a stab, here. Trading Monopoly money on it.
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Is your SL my TP?
  • #277
  • Apr 21, 2009 10:38pm Apr 21, 2009 10:38pm
Ok, thanks for the refinement of the box.

Have a good one
Jeff

Quoting Bemac
Of course they are.
Attachment

My view is just a liitle to the side of yours.
~*~You are only one trade away from humility~*~
  • #278
  • Apr 22, 2009 3:29am Apr 22, 2009 3:29am
Quoting cobraforex
First screenshot was my trade from yesterday (could cash 140+pips on that one), second I'm waiting for a breakout.

Where's professor Bemac ?
Regarding that M15 EU chart breakout you were waiting for.....look how the Fibonacci Extension tool applied to the Bollinger Band squeeze predicted subsequent target levels.

The Bemac ICCE tool is a FE tool, and it needs a "range" to be applied to. The standard Bollinger Band squeeze is a highly visual way to spot the best of the best ranges, and the better formed the pinch point in the squeeze, the better the breakout run.....which the FE pegs.

So, for those having difficulty determining a valid range area, applying the standard Bollinger Band to the chart will help in qualifying them.
Attached Image (click to enlarge)
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  • #279
  • Edited 5:02am Apr 22, 2009 4:43am | Edited 5:02am
EU M15 chart: not sure where you would draw the range boundaries for the ICCE, but the BB squeeze/pinch is clear. PA head faked (it looks like at this time) down. But as John Bollinger says, that happens sometimes before the real run in the opposite direction gets underway. Applying FE just as the ICCE does, but across the BB pinch points, gets FE levels fixed.

This will be interesting because it could be a good breakout trade, after quite a long time in quite a large "range", and also because if it does break out up, then the BB/FE levels can be checked later vs the ICCE. I could serve to help validate if BBs have a part in discerning valid ranges. Also, a range breakout in the immediate vacinity of the 89 sma (yellow line) can be best of best.

Edit: Revised chart....opposite pinch points actually were there....and better choice than before.
Attached Image (click to enlarge)
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  • #280
  • Apr 22, 2009 4:50am Apr 22, 2009 4:50am
Traderathome:

Interesting observation of BB in relation to ICCE. According to your BB squeeze on this chart, how would you tack the box to define the range right now?

Have a good one
Jeff



Quoting traderathome
EU M15 chart: not sure where you would draw the range boundaries for the ICCE, but the BB squeeze/pinch is clear. PA head faked (it looks like at this time) down. But as John Bollinger says, that happens sometimes before the real run in the opposite direction gets underway. Applying FE just as the ICCE does, but across the BB pinch points, gets FE levels fixed.

This will be interesting because it could be a good breakout trade, after quite a long time in quite a large "range", and also because if it does break out up, then the BB/FE levels can...
~*~You are only one trade away from humility~*~
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