ICCE. Bemac's Fib. Reverse Engineered | Page 17 | Forex Factory

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ICCE. Bemac's Fib. Reverse Engineered

  • #321
  • Apr 23, 2009 5:24pm Apr 23, 2009 5:24pm
If I put enough Lines on the screen then a bunch of them are going to interact with The Price.

The Question remains...

Can I put ONE Line on The Chart before the Price Gets there?

I think so. At least within Noise.
  • #322
  • Apr 23, 2009 6:03pm Apr 23, 2009 6:03pm
Notice the Text Comment that states "Some More Work to Do." please.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 31 eurusd x 1min zoom.gif Size: 64 KB


Hopefully we are starting to slow down a little & stop thinking that this is something you have to make Snap Descisions on {those are for recently joined contributors to our cargo. (Trading Rookies. not to be confused with Forum Newbs.)}

I have posted configs all the way down to 1 Min but only for the sake of the thread. That is The Absolute First Time I have ever seen what this looks like on a 1 Min Chart.

Now.
To the Understanding of where we are at.
No Successfull Trader {anyone who has Traded for the last 8 years} would ever have taken me down to that level of scalping 25 pips or so.
It's like staying on shore & hunting minnows.
How large can I expect to grow?

Get comfy on the shelf but If you think this is your ticket, load your box with all you got before you go over the edge.

We're waiting...

C'mon guys, you know what I mean. I and a multitude of others are trying to... Help You Have The Life You Want...

Don't Define it to me. I'm not giving it to you. Only, hopefully, the tools to get there.
  • #323
  • Apr 23, 2009 6:28pm Apr 23, 2009 6:28pm
Perhaps some thought that this would be a One Post grail?
I'm afraid Not. This will require some Study Time. {& not just a little bit.} But I do think you will feel it worth it.
  • #324
  • Apr 23, 2009 6:44pm Apr 23, 2009 6:44pm
Quoting Bemac
Guys, If you are researching Andrews PForks, Get a room, please.

But with all the scurry running around I did find a nugget or two that reminded me of this idea.

Chart First. Questions later.
Attachment
The Bue BarZones =
1)Horizontals are... The Lenght of the Box. {ie. (BIG CLUE HERE) The Time It Spent In The Channel}

2) Yeah! You guessed it. Like an Irish Horsetrader giving you a backhand, The Verticals are the boundaries of what we refuse to pay/accept as your offer.

Too Many Lines but you can dispense with quite a few...
"...The Verticals are the boundaries of what we refuse to pay/accept as your offer...."

What does that mean? Are you saying as long as the PA is between the top and bottom of one vertical bar, we adjust our thinking to buying only if PA drops below it, and selling only if PA rises above it? You have me totally confused!
  • #325
  • Apr 23, 2009 6:54pm Apr 23, 2009 6:54pm
A chart. Demo of course. (I am not an idiot)

The 1hr is a nice place - and the neighbors are quiet and friendly. I like these rev-eng'd fibs. Tells me where price is likely to go after it leaves the channel. Spooky. Looking forward to the passage of time to see how the time expansion stuff works for me.

I am going to widen the view now to 4hr and dailies. Those extra shorty-short time frames are a stress burger.

I would not need many trades like this every month. Not many at all, but I'll take all I can get!

Bemac - all those lines you have look like jail to me. I'm working on an escape... Be a dear and post me a couple more charts? On a human scale?

TIA!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr 4-22.gif Size: 24 KB
I'm pretty much done with all this ...
  • #326
  • Apr 23, 2009 7:26pm Apr 23, 2009 7:26pm
Quoting traderathome
"...The Verticals are the boundaries of what we refuse to pay/accept as your offer...."

What does that mean? Are you saying as long as the PA is between the top and bottom of one vertical bar, we adjust our thinking to buying only if PA drops below it, and selling only if PA rises above it? You have me totally confused!
Not sure what your reading of it was but my intention was to draw your attention to the fact that ....

If there is a Price Above that holds over Several Bars & numerous attempts (Minutes or days) Then the Bulls have set their Limit.
You figure out Vice Versa.

All I'm doing is applying Natural Sway to the outcome.
  • #327
  • Apr 23, 2009 7:27pm Apr 23, 2009 7:27pm
Hello. This is a chart showing the trades from EU I took today (DEMO). Ten trades, no losers- 176 pips. I used support and resistance from ICCE and pivots, but mostly ICCE. Otherwise, price action. I'm still trying to grasp the time element for ICCE.

Two trades went in the wrong direction on me and I averaged in when they reached the next ICCE levels turning potential losers into winners. You can see they were the two short trades with the biggest orange ovals.

I"m posting this not to boast, but to show that friggin' ICCE reads like a road map- it's built my confidence like nothing else and I'm very thankful to Bemac for sharing it.
Attached Image (click to enlarge)
Click to Enlarge Name: eutoday.jpg Size: 144 KB
Is your SL my TP?
  • #328
  • Apr 23, 2009 7:27pm Apr 23, 2009 7:27pm
really, NO one wants to talk about nothing but ICCE, but people are working hard and making an effort to understand the stuffs. good that you finally started to show us.


[quote=Bemac;2691101]Guys, If you are researching Andrews PForks, Get a room, please.
~*~You are only one trade away from humility~*~
  • #329
  • Apr 23, 2009 7:48pm Apr 23, 2009 7:48pm
Quoting jharteam
really, NO one wants to talk about nothing but ICCE, but people are working hard and making an effort to understand the stuffs. good that you finally started to show us.
Hey, I never said this was a One Week semester.

It's up to you. Stay or leave. Or Start your Own. Whatever..
I do not intend to portray riches by xmass. This is tough s#it man. Even tougher if you are willing take the time to pass some knowledge on to peers. {Ahhhuuuuummmm J16 !}

Realy easy to Trade if you are pulling Signal Advice but that tends to put you in 'The Poorhouse' pretty quick.

The Only Suggestion I made toward a Trade was today, I believe, at Post.
http://www.forexfactory.com/showpost...&postcount=303
Yeah, I got lucky. That's why I play.
  • #330
  • Apr 23, 2009 7:50pm Apr 23, 2009 7:50pm
Does anyone here have a Bemac secret decoder ring? I always thought I was a smart guy, but those last descriptions around the charts are moon shots to me.

I can certainly see some utility here - but why all the shrouding around everything? I cannot even figure out what_to_look_for on those line zoos...
I'm pretty much done with all this ...
  • #331
  • Apr 23, 2009 7:54pm Apr 23, 2009 7:54pm
Quoting StoragePro
Does anyone here have a Bemac secret decoder ring? I always thought I was a smart guy, but those last descriptions around the charts are moon shots to me.

I can certainly see some utility here - but why all the shrouding around everything? I cannot even figure out what_to_look_for on those line zoos...
I sincereley apologise StoPro. It has been my method of extracting the best from whomever for decades. It was not an intent to slight.


Your question?
  • #332
  • Apr 23, 2009 7:59pm Apr 23, 2009 7:59pm
Quoting Bemac
I sincereley apologise StoPro. It has been my method of extracting the best from whomever for decades. It was not an intent to slight.


Your question?
My brain is straining. I appreciate you getting me to think - it makes me learn - and own what I learn.

I'm just trying to work through that chart. I am not seeing what you are - I am trying to get there. There is hump on that chart I can seem to see to get over.

Quote
If there is a Price Above that holds over Several Bars & numerous attempts (Minutes or days) Then the Bulls have set their Limit.
You figure out Vice Versa.

All I'm doing is applying Natural Sway to the outcome.

I cannot see that from what was posted. Ugh. What am I missing?
I'm pretty much done with all this ...
  • #333
  • Apr 23, 2009 8:52pm Apr 23, 2009 8:52pm
I THINK what Bemac was showing is that, in the case of a bull move, when the price actions stay above the HEIGHT of the blue channel, the bulls will either lock in their profit and/or put in long orders when subsequent price actions take out the highs of the congested area above the channel.

Quoting Bemac
Not sure what your reading of it was but my intention was to draw your attention to the fact that ....

If there is a Price Above that holds over Several Bars & numerous attempts (Minutes or days) Then the Bulls have set their Limit.
You figure out Vice Versa.

All I'm doing is applying Natural Sway to the outcome.
~*~You are only one trade away from humility~*~
  • #334
  • Edited 9:38pm Apr 23, 2009 9:09pm | Edited 9:38pm
Hi Bemac,

I've read both threads, probably twice. I like the approach, and I appreciate you sharing your knowledge and experience with us.

I have a question - to see if I understand. For tonight's trading, on demo of course, I've got a horizontal channel bounded at 1.3144 and 1.3112. Am I correct in assuming that the theory is that if I place a buy stop at about 1.3148 (3 or 4 pips above channel) or a sell stop at 1.3108, I can expect price, once it hits either mark, to run down to 3060 (38.2%) or up to 3196 (61.8%)?

I don't post a lot because I don't think I'm good enough to offer sage advice, but I read and soak in everything. Hope I'm catching on.

Thanks again. The courtesy of your reply will be appreciated.
Up or down, gimme a ticket
  • #335
  • Apr 23, 2009 9:10pm Apr 23, 2009 9:10pm
Quoting jharteam
I THINK what Bemac was showing is that, in the case of a bull move, when the price actions stay above the HEIGHT of the blue channel, the bulls will either lock in their profit and/or put in long orders when subsequent price actions take out the highs of the congested area above the channel.
Hey J, then out it to the wire.{on demo of course.} Slanking down to 15 min I got 25 pips which could have been 50+ simply based on our projections so far.{I posted the chart with my entry}

There is cargo contained within.
How you achieve it is up to you.
  • #336
  • Apr 23, 2009 9:22pm Apr 23, 2009 9:22pm
For me, not just yet even for demo. I'm trying to absorb and understand as much as possible from what was being presented. Still got tons of issues that need to be addressed and resolved; my brain is hurting, I'm sure any serious readers of this thread are experiencing the same conditions but I know it's worth the effort. The way you teach is to make people think, I like that and I was gonna relate that to you before you made that point to StoragePro. By the way, no hard feelings and it wasn't meant to be interpreted in a negative sense. thanks for the reply.

Have a good one
Jeff

Quoting Bemac
Hey J, then out it to the wire.{on demo of course.} Slanking down to 15 min I got 25 pips which could have been 50+ simply based on our projections so far.{I posted the chart with my entry}

There is cargo contained within.
How you achieve it is up to you.
~*~You are only one trade away from humility~*~
  • #337
  • Apr 23, 2009 9:31pm Apr 23, 2009 9:31pm
This thread is not A Grail Hunt.
It is, however, an attempt to get you on the Good side of a Trade.

FF, by that I mean the ENTIRE Populus of FF, Will not sway any Market. We, but for the observation of others, should be attempting this on our own.

You are closer than you may think.
& that's not simply about This Thread.
  • #338
  • Apr 23, 2009 9:57pm Apr 23, 2009 9:57pm
Quoting traderathome
"...The Verticals are the boundaries of what we refuse to pay/accept as your offer...."

What does that mean?

= S/R (timed)
  • #339
  • Apr 23, 2009 10:03pm Apr 23, 2009 10:03pm
Hey Bemac, you are too hard to your students.

What you do is to make them think and when they come up with an idea you send them to the doghouse.

I second that it's not very easy to follow you, but it's my favorite thread and I hope that one day I catch for complete what you are teaching, as many already said, it's for sure worth the work and hours spent in your ICCE semester.

I'll go back to my corner and study
  • #340
  • Apr 23, 2009 10:14pm Apr 23, 2009 10:14pm
Quoting SpecialEd

I have a question - to see if I understand. For tonight's trading, on demo of course, I've got a horizontal channel bounded at 1.3144 and 1.3112. Am I correct in assuming that the theory is that if I place a buy stop at about 1.3148 (3 or 4 pips above channel) or a sell stop at 1.3108, I can expect price, once it hits either mark, to run down to 3060 (38.2%) or up to 3196 (61.8%)?...
It's been really nice playing in the woods with you folks but this one shows, not only research but, projection. {Although I have to say I'm not sure if I can see the 1.3144-1.3122 Channel} 1.3116 - 1.3155 is catching my interest though. As a Channel that is.
{Semanticts & Post Time }

To the Point:
It is unlikely I would ever Post a Buy/Sell Limit...
But I do have to say...
Nice to see that someone understands what I am attempting to offer.

In a nutshell,
If Price Gets there & PA Swings, You may have a Trade that will require you to keep moving your SL beyond the Profit Side of BE.
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