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ICCE. Bemac's Fib. Reverse Engineered

  • #381
  • Apr 27, 2009 8:15am Apr 27, 2009 8:15am
Just to add to the previous.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD 15 Min HS on ICCE.PNG Size: 74 KB
  • #382
  • Apr 27, 2009 8:17am Apr 27, 2009 8:17am
Hi Bemac:

Understood your presentation. Just wonder if those Thick Red Parallels can be extended on an equi-distant beyond the box? TIA

Have a good one
Jeff


Quoting Bemac
This is just a quick mock up that looks interesting to me.

Attachment
I don't spend all the time {it currenty} takes to get all the Info I want on the chart.

Just a quicky and then decide if it's worthwhile spending valuable time refining it.

2 Vertical Lines. {Thin Red}
2 Horizontal Lines {Yellow}
2 Fibs. {Exp & Time} (corner to corner of Box)
a couple of Parallel TL {Thick Red}

I plotted the blue rectangle for visability of this post. I don't normally do that.
~*~You are only one trade away from humility~*~
  • #383
  • Apr 27, 2009 8:22am Apr 27, 2009 8:22am
Quoting jharteam
Hi Bemac:

Understood your presentation. Just wonder if those Thick Red Parallels can be extended on an equi-distant beyond the box? TIA

Have a good one
Jeff
I would like that too. It's on my wishlist that I am compiling. {don't want to keep going back to the programmers with little alterations one at a time}

But yes, with a little effort, you can.

Zoom In Tight to one side of the Box.
Draw a Vertical Line between 2 existing TL. {Starts @ One & Ends at the Other}

Now you have a Measuring Stick to locate additional TL.
  • #384
  • Apr 27, 2009 8:34am Apr 27, 2009 8:34am
Thanks for the confirmation on the query. I was doing exactly the same way you mentioned below on my charts; but just want to make sure that I am not 'creating' something out of fanciful thinkings.


Quoting Bemac
I would like that too. It's on my wishlist that I am compiling. {don't want to keep going back to the programmers with little alterations one at a time}

But yes, with a little effort, you can.

Zoom In Tight to one side of the Box.
Draw a Vertical Line between 2 existing TL. {Starts @ One & Ends at the Other}

Now you have a Measuring Stick to locate additional TL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR ICCE 04272009 (i).jpg Size: 203 KB
Click to Enlarge Name: EUR ICCE 04272009 (ii).jpg Size: 201 KB
~*~You are only one trade away from humility~*~
  • #385
  • Apr 27, 2009 8:58am Apr 27, 2009 8:58am
Forgot to put on the Fibs (Price)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR ICCE 04272009 (iii).jpg Size: 212 KB
~*~You are only one trade away from humility~*~
  • #386
  • Apr 27, 2009 9:14am Apr 27, 2009 9:14am
Quoting jharteam
Forgot to put on the Fibs (Price)
Appears to be an *extreme* energy point developing around the 3140~3150'ish area and time is about now...
It will be interesting to see the right hand edge of this later on
Nice chart Jeff, got my gray matter activated now.
Listen to the whispers.... You may learn something
  • #387
  • Apr 27, 2009 9:20am Apr 27, 2009 9:20am
Quoting jharteam
Forgot to put on the Fibs (Price)
Hey 'J', I know it looks good but please be carefull.

Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered jharteam eurusd x 5min zoom.gif Size: 48 KB

Even though it might be a kind of raggedy Channel...
It might be this.
  • #388
  • Apr 27, 2009 9:25am Apr 27, 2009 9:25am
Ok thanks, been monitoring this juncture for awhile; price actions seem to want to try the north though..

Quoting Bemac
Hey 'J', I know it looks good but please be carefull.

Attachment
Even though it might be a kind of raggedy Channel...
It might be this.
~*~You are only one trade away from humility~*~
  • #389
  • Apr 27, 2009 10:48am Apr 27, 2009 10:48am
Quoting Bemac
Hey 'J', I know it looks good but please be carefull.

Attachment
Even though it might be a kind of raggedy Channel...
It might be this.
'Ragedy' is a new technical measure?

I notice that you moved the bottom of the channel to a well define price flip. Nice.
I'm pretty much done with all this ...
  • #390
  • Apr 27, 2009 10:52am Apr 27, 2009 10:52am
USD/CAD, Nice touch in fib level, Double TOP+Divergence
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 24 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #391
  • Apr 27, 2009 11:22am Apr 27, 2009 11:22am
Just a thought...
It would appear that some are trying to Define "The Box" by locating Fib Levels that Follow.

ie. If 'x' = 62% then where is 50%. {My Box Center}

I never want to discourage thinking for yourself But make sure you have Confirmation to Prove it. {at least to yourself}

By that I mean:
Not Just One Bounce Makes a Fib.
  • #392
  • Apr 27, 2009 12:04pm Apr 27, 2009 12:04pm
Quoting Bemac
Just a thought...
It would appear that some are trying to Define "The Box" by locating Fib Levels that Follow.

ie. If 'x' = 62% then where is 50%. {My Box Center}

I never want to discourage thinking for yourself But make sure you have Confirmation to Prove it. {at least to yourself}

By that I mean:
Not Just One Bounce Makes a Fib.
Seems to me a channel is defined with at least two touches - and longer is better (at least the missus would agree) One thing is standing out to me - a channel is a fairly obvious thing. If it does not stand up and smack me in the eyes, then maybe it is not a channel. Same is true with Support and resistance. And Price Action.

I think the hardest thing there is in trading is avoiding making stuff up with the hope of twisting open the money spigot. If I've learned NOTHING else, I have learned this much - high probability trades are the only trades there are. So open-eyed and thoughtful analysis is pretty darn important.

This has become a favorite thread!
I'm pretty much done with all this ...
  • #393
  • Apr 27, 2009 8:06pm Apr 27, 2009 8:06pm
Watchin this
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 38 eurusd x 15min current channel.gif Size: 28 KB

Have no idea why I am in 5 trades. I only bought One.
Still Learning the Platform.
  • #394
  • Apr 27, 2009 9:28pm Apr 27, 2009 9:28pm
HMMMM, bought one and in 5 trades ?

Those another 4 is trades from days back ?


Thank You.

B,
Tom
  • #395
  • Apr 28, 2009 12:44am Apr 28, 2009 12:44am
Quoting Bemac
Absolutely But please be cautious with Yen Pairs as One Candle can wipe out a nice Trade. {due to volatilty.}

~126.30 does look to be on the cards though
Thanks Bemac.
Now it looking like on pic below . I maked enter with red horizontal line , take half of profit with 23 Fibo line and closed trade with 0 line. It was nice trade 82+198/2= +140 pips (demo of course )
Now I have observe some box on 15M EU - second pic - just wait it finish forming. It the same what You looking for
Good luck and more pips for all.
Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ey.gif Size: 31 KB
Click to Enlarge Name: eu.gif Size: 29 KB
  • #396
  • Apr 28, 2009 5:10am Apr 28, 2009 5:10am
I'm not sure , but as for me it looking for forming next set up , this time to north.
Good luck
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: ey.gif Size: 34 KB
  • #397
  • Apr 28, 2009 7:22am Apr 28, 2009 7:22am
Nice picture
Attached Image (click to enlarge)
Click to Enlarge Name: nice picture.gif Size: 28 KB
  • #398
  • Apr 28, 2009 7:37am Apr 28, 2009 7:37am
Hi Bemac , like I thought , EY go north .
I do not know how You set Yours profit , I just take half with 126 and move SL to BE and set TP 85 Fibo and will see where it go .
Nice stuf .
One time thanks for teaching.
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: ey.gif Size: 36 KB
  • #399
  • Apr 28, 2009 8:41am Apr 28, 2009 8:41am
Quoting pitpiter
Hi Bemac , like I thought , EY go north .
I do not know how You set Yours profit , I just take half with 126 and move SL to BE and set TP 85 Fibo and will see where it go .
Nice stuf .
One time thanks for teaching.
Peter
Haven't had the opportunity to take this Script for a "Test Drive" as yet but you may want to try this.
I requested it last week from "The Programmers" & Oksana17. obliged. {Thanks Oksana}
http://www.forexfactory.com/showpost...83&postcount=4

If you are still IN The Trade & do decide to try it, please let us know if it functions as intended.
  • #400
  • Apr 28, 2009 9:01am Apr 28, 2009 9:01am
Quoting Bemac
Haven't had the opportunity to take this Script for a "Test Drive" as yet but you may want to try this.
I requested it last week from "The Programmers" & Oksana17. obliged. {Thanks Oksana}
http://www.forexfactory.com/showpost...83&postcount=4

If you are still IN The Trade & do decide to try it, please let us know if it functions as intended.
Thanks , I try it for rest half.
Good luck
Peter
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