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ICCE. Bemac's Fib. Reverse Engineered

  • #441
  • May 8, 2009 10:32am May 8, 2009 10:32am
Quoting MissPips
There is a new version of the Bemacs Default indie in the other thread, that has parallel lines, for those who like that version of the indie (This is the one that Cobra updated so you could set the line properties.) This version will now also hold the selected range if you change timeframes.
Thank you MissPips!

Now for a stupid greenhorn question. Please forgive me, for I am a lowly sinner.

What do I do with all those parallel lines? I see how price tends to react and run with them, but I cannot seem to discern how to use that information to my advantage.

is there some reading out there in the ether I can do? How *should* I be understanding what they represent?
I'm pretty much done with all this ...
  • #442
  • May 9, 2009 10:17am May 9, 2009 10:17am
Quoting StoragePro
Thank you MissPips!

Now for a stupid greenhorn question. Please forgive me, for I am a lowly sinner.

What do I do with all those parallel lines? I see how price tends to react and run with them, but I cannot seem to discern how to use that information to my advantage.

is there some reading out there in the ether I can do? How *should* I be understanding what they represent?
StoragePro,
They are nothing more than dynamic S/R levles...so you would use them much the same way that you use the fib lines. At times the PA will bounce off these to the tic, or vibrate above and below them for a while and at times, PA completly ignores them. Just another tool...note the 61.8 circle, PA testing 50 and 52.8 level and is rejected, tests the 52.8 area again and is rejected there also. Throw in a few pin bars at the rejection points, when the parallel intersects the 52.8 level PA begins to 'walk the line' upwards...also note the validity of the mid parallel lines which generate from the mid points of the compression area.
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Listen to the whispers.... You may learn something
  • #443
  • May 11, 2009 6:27am May 11, 2009 6:27am
Quoting Scrutch
StoragePro,
note the 61.8 circle
Oki, having a 'stupid attack' right in the middle of a 'dumb spell'

This chart was not 'squared' so the 61.8 circle has nothing to do with anything. Should have said that price was testing the decission point of compression.
Listen to the whispers.... You may learn something
  • #444
  • May 11, 2009 8:49am May 11, 2009 8:49am
Not suggesting to Anyone that you Trade the 1Min TF;
but I do find it usefull in assisting in Rapid Indy evaluation.

Attached Image (click to enlarge)
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Thanks MissPips.
  • #445
  • May 11, 2009 11:31am May 11, 2009 11:31am
Update.
Attached Image (click to enlarge)
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Riding the Rails.
  • #446
  • Edited 1:28pm May 11, 2009 12:11pm | Edited 1:28pm
Quoting MissPips
There is a new version of the Bemacs Default indie in the other thread, that has parallel lines, for those who like that version of the indie (This is the one that Cobra updated so you could set the line properties.) This version will now also hold the selected range if you change timeframes.
I still can´t get it working...can you post the link of the new version? maybe I´m successful with that one...

Thank you a lot.

ps- I got it working thanx!!!

See you in the Classroom!

Good trading!
  • #447
  • May 12, 2009 3:53am May 12, 2009 3:53am
Just saw that there is Bemac Class

I hope one day to get invited

B,
Tom
  • #448
  • May 12, 2009 2:09pm May 12, 2009 2:09pm
hi i was fiddling with my fib time and put these extensions here and noticed some interesting things. i was wondering if there is a thread about this, or if this is the best place to talk about it. thanks! i love anything about fibonacci not all levels are in place yet still looking at it.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #449
  • May 12, 2009 2:23pm May 12, 2009 2:23pm
I posted a new version of the reverse engineered fib indie in the other thread. It has parallel lines without glitches, and the option of either a Cobra-style or traditional fib. The range holds its place when you change tfs, but it does not use globals to do this, so hopefully it won't cause any Windows abends on build 220. (It didn't on mine.)
  • #450
  • May 13, 2009 10:15pm May 13, 2009 10:15pm
Quoting MissPips
I posted a new version of the reverse engineered fib indie in the other thread. It has parallel lines without glitches, and the option of either a Cobra-style or traditional fib. The range holds its place when you change tfs, but it does not use globals to do this, so hopefully it won't cause any Windows abends on build 220. (It didn't on mine.)
I want to say that you, probably, have no idea how many people you reach with the work you provide.

Thank You {the New MP} Miss Pips
  • #451
  • May 14, 2009 1:22am May 14, 2009 1:22am
Quite welcome. Just trying to give back a little of all the help I've
gotten at FF.

Quoting Bemac
I want to say that you, probably, have no idea how many people you reach with the work you provide.

Thank You {the New MP} Miss Pips
  • #452
  • May 15, 2009 4:23am May 15, 2009 4:23am
Interesting chart as for me on 15M GU , looking it just repeat move from 11.05
Thanks
Peter
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  • #453
  • May 15, 2009 9:37pm May 15, 2009 9:37pm
Quoting pitpiter
Interesting chart as for me on 15M GU , looking it just repeat move from 11.05
Thanks
Peter
Is there another way that you would be Confident This Pair is Heading South?

Carefull; This Ind only exhibits Potential.
  • #454
  • May 16, 2009 9:02am May 16, 2009 9:02am
Confident... This is what we want to get to trade profitability.. And this is by far most common thing what everyone should look for.. Confident in something.

Yes.. and in pitpiter chart i see also its heading south by lines..

But is it enough ? Perhaps not.. we yet dont see what we should, perhaaaaps...

Best,
Tom
  • #455
  • May 20, 2009 3:18pm May 20, 2009 3:18pm
Hello Bemac.
Today I have observed on 30M GU nice channel , I take trade with Cobras THV rules and managed with yours ICCE. I'm chicken and exit early ( with nice 150 + pips profit ) at 1.5700
And now I have observe one on 1H EURCAD . What do You think about this one ?
Thanks
Peter
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  • #456
  • May 20, 2009 8:16pm May 20, 2009 8:16pm
Quoting pitpiter
Hello Bemac.
Today I have observed on 30M GU nice channel , I take trade with Cobras THV rules and managed with yours ICCE. I'm chicken and exit early ( with nice 150 + pips profit ) at 1.5700
And now I have observe one on 1H EURCAD . What do You think about this one ?
Thanks
Peter

Watch and observe what happens. These things are not an instant gratification thing - there is a time element that plays out. Right now observing price behavior is what most of us are doing.

How about this one. I've been watching since April 22.

EU 4hr. Pin Bar just formed. At 100%. At a resistance. With MACD divergence from previous swing high. Daily shows a double high - with MACD divergence too.
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I'm pretty much done with all this ...
  • #457
  • May 20, 2009 9:23pm May 20, 2009 9:23pm
I'm also still with the same config.

My values are different but worked very well, now waiting for extentions.


Quoting StoragePro
How about this one. I've been watching since April 22.
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  • #458
  • May 20, 2009 10:47pm May 20, 2009 10:47pm
Quoting cobraforex
I'm also still with the same config.

My values are different but worked very well, now waiting for extentions.
Have you settled on a standard manner of figuring the channel. I am gravitating toward grabbing all of the bars now. Still noodling with it and doing some experimenting. The other thing I am doing is seeing how making sure I have two touches - top and bottom.

I just need to settle on one...
I'm pretty much done with all this ...
  • #459
  • May 23, 2009 4:42pm May 23, 2009 4:42pm
I'm sorry Bemac, for not having expressed my gratitude sooner. You really do have a brilliant concept here. I haven't really done anything with it, other than play. I would like to say though that I am planning to give channels a much closer look from now on. I use my fib extension tool and a line chart to set up on. Pretty damn cool Bemac

Wouldn't it be cool to see this hit 100% on the line chart
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  • #460
  • May 25, 2009 5:09pm May 25, 2009 5:09pm
Not 100% SP, but I'm practicing on smaller TF's.

I'm looking at the actual PA of E/U now, a sooner retest of the high in 4H with break to the downside would give a nice channel but I still don't see too many reasons for a free fall other than a technical retrace to the 38.2 Fib in the 1.38xx area maybe. Still no signs for to take any trade on that.

The entry and exit of the channel would give me the fib time.

I'm trying to find channels on the top or buttom of the waves.

BTW: the actual PA is still premature and I'm only day dreaming at the moment, a clear break would take me to something more serious.
Once it occours I will post a chart.
Quoting StoragePro
Have you settled on a standard manner of figuring the channel. I just need to settle on one...
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