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ICCE. Bemac's Fib. Reverse Engineered

  • #461
  • May 26, 2009 10:21am May 26, 2009 10:21am
Here an update, you see that the PA touched very quickly the 38.2% ICCE Fib.

Actually a retest of the channel (the high is the todays DP)
Attached Image (click to enlarge)
Click to Enlarge Name: icce18.gif Size: 43 KB
  • #462
  • May 27, 2009 7:52pm May 27, 2009 7:52pm
hi i posted this in the eurusd thread maybe these fib time extensions may help. Has anyone drawn fib time like this before? will show zoom in and zoom out view maybe you already covered this ground let me know thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd052709-4.gif Size: 27 KB
Click to Enlarge Name: eurusd052709-7.gif Size: 30 KB
Attached File(s)
File Type: tpl eurusd52709-1.tpl   10 KB | 302 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #463
  • May 27, 2009 8:25pm May 27, 2009 8:25pm
Quoting cobraforex
Here an update, you see that the PA touched very quickly the 38.2% ICCE Fib.

Actually a retest of the channel (the high is the todays DP)
I left my old channel in from 4-20 to 4-22. Look at PA now. There is a S/R zone at the 100% and that lines up with some older zones. This thing is really interesting on how it picks these things up. Where now? Well, these areas of price flips often hold - so a continuation? We are also at a retrace of 38% of the current move. Confluence all over.

A move to teh blue dotted line would make the retrace equal in size to the previous retraces too. Need PA!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
I'm pretty much done with all this ...
  • #464
  • May 27, 2009 9:31pm May 27, 2009 9:31pm
Quoting eaglestar
hi i posted this in the eurusd thread maybe these fib time extensions may help. Has anyone drawn fib time like this before? will show zoom in and zoom out view maybe you already covered this ground let me know thanks!
Interesting Eaglestar!

Thanks for sharing the template will follow the time extensions and see how they look.
  • #465
  • May 27, 2009 10:50pm May 27, 2009 10:50pm
I'm pleased that you guys have found some use for this ICCE little ditty.

Just remember that "If you Can't find a Recent Channel, We are possibly in a Trend."

Trade Accordingly.

The Object of this little excersize is to be aware of 'Potential Price Movement From Doldrums.'

Looking Long with a fairly deep SL.

Attached Image (click to enlarge)
Click to Enlarge Name: golde 4 hr.gif Size: 57 KB


Thinking:
Would be really nice to have an "Auto Detect Channel"
That way, I wouldn't have to continually modify it.
  • #466
  • May 27, 2009 10:52pm May 27, 2009 10:52pm
ES, your chart maybe interesting for someone but is totally off topic and has no value without any explanation.

I recommend to open your own thread before Bemac send you to hell.

Quoting eaglestar
Has anyone drawn fib time like this before?
  • #467
  • May 27, 2009 11:02pm May 27, 2009 11:02pm
Quoting cobraforex
ES, your chart maybe interesting for someone but is totally off topic and has no value without any explantion.

I recommend to open your own thread before Bemac...
Whoa there big fella. I know you are working on a Best For The Thread concept but I don't mind a little "Side Door" input.

I'm still working on what EStar is seeing.

What is the .tpl attachment?
That might change things. I didn't dnld it. Did anyone? Is it worth it?
  • #468
  • May 27, 2009 11:16pm May 27, 2009 11:16pm
Ouch, what happened Bill, you are getting old my friend, same here.

Quoting Bemac
Whoa there big fella. I know you are working on a Best For The Thread concept but I don't mind a little "Side Door" input.

I'm still working on what EStar is seeing.

What is the .tpl attachment?
That might change things. I didn't dnld it. Did anyone? Is it worth it?
  • #469
  • May 28, 2009 12:10am May 28, 2009 12:10am
I didn't delete the old one neither as I'm thinking of a continuation of the bull farm developement.
In an earlier post I mentioned that the 38.2 would be a good target, we are there now but the 4H candle is still young and I would like to see a confirmation of the bull trend before stepping in.

Quoting StoragePro
I left my old channel in from 4-20 to 4-22. Look at PA now. There is a S/R zone at the 100% and that lines up with some older zones. This thing is really interesting on how it picks these things up. Where now? Well, these areas of price flips often hold - so a continuation? We are also at a retrace of 38% of the current move. Confluence all over.

A move to teh blue dotted line would make the retrace equal in size to the previous retraces too. Need PA!
Attached Image (click to enlarge)
Click to Enlarge Name: icce19.gif Size: 45 KB
  • #470
  • May 28, 2009 12:23am May 28, 2009 12:23am
Nope, I didn't.

Have enough stuff to do in my small brain working on ICCE
Quoting Bemac
What is the .tpl attachment?
That might change things. I didn't dnld it. Did anyone? Is it worth it?
  • #471
  • Edited 3:08am May 28, 2009 2:40am | Edited 3:08am
I did, because a few people (you, Scrutch) have mentioned that you have to pay attention to how price interacts with time. I confess, I haven't gotten my head around that concept yet (I need a lot of observation to 'get' something), but if you look on his template there does seem to be a trend change just about every time price intersects/gets near one of the horizontal time lines, even though I have no idea where they came from.

Edit: Oh, now I see. They are fib extensions from 0 and 100 accross time, with 0 being the bottom of the regular fib and 100 being the top.
Edit 2: Sorry for not answering your question Bemac, missed it. To add to what Ed said, download it to the yourmt4dir/templates directory and then you will see it as a template when you right-click on the chart and select template.

Quoting Bemac
Whoa there big fella. I know you are working on a Best For The Thread concept but I don't mind a little "Side Door" input.

I'm still working on what EStar is seeing.

What is the .tpl attachment?
That might change things. I didn't dnld it. Did anyone? Is it worth it?
Attached Image (click to enlarge)
Click to Enlarge Name: time1.png Size: 46 KB
  • #472
  • May 28, 2009 3:03am May 28, 2009 3:03am
Quoting Bemac
What is the .tpl attachment?
Bemac, the .tpl attachment is a user-customized template file, used in MT4 to hold your indicators.
Up or down, gimme a ticket
  • #473
  • May 28, 2009 12:35pm May 28, 2009 12:35pm
Quoting Bemac
Thinking:
Would be really nice to have an "Auto Detect Channel"
That way, I wouldn't have to continually modify it.
For the coders to make that happen someone would have to describe the channel limits, price range and time range. I can visualize a channel when I look at a chart but not sure how to define it so a coder understands what the code needs to look for.
Listen to the whispers.... You may learn something
  • #474
  • May 29, 2009 8:31pm May 29, 2009 8:31pm
Quoting knuckledrag
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


I really don't know what to say, damn your good.
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  • #475
  • May 29, 2009 9:08pm May 29, 2009 9:08pm
Quoting knuckledrag
I really don't know what to say, damn your good.
Hey Knuck {almost sounds Canadian} Take it for a drive out in the country & see what it can do.

{there's a lot more to this than just measuring where 50% or 100% lives}

it may measure human sentiment & reaction.

psst... don't tell anyone or the cat will be out of the bag & the borkers will seek to kill it.
  • #476
  • May 31, 2009 9:00am May 31, 2009 9:00am
Hi there I posted this to help in the development of the indicator and this is discussion about fibonacci i apologize if this caused any problems. here is what i see on ej. notice the cycle lines and fibonacci time. it is not perfected yet, i am still working on it. keep in mind these lines and fibs were drawn about a week ago, and they were good for a couple of recent trades.




Quoting MissPips
I did, because a few people (you, Scrutch) have mentioned that you have to pay attention to how price interacts with time. I confess, I haven't gotten my head around that concept yet (I need a lot of observation to 'get' something), but if you look on his template there does seem to be a trend change just about every time price intersects/gets near one of the horizontal time lines, even though I have no idea where they came from.

Edit: Oh, now I see. They are fib extensions from...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy052909-1.gif Size: 34 KB
Click to Enlarge Name: eurjpy052909-2b.gif Size: 34 KB
Click to Enlarge Name: eurjpy052909-2.gif Size: 27 KB
Click to Enlarge Name: eurjpy052909-1b.gif Size: 43 KB
Attached File(s)
File Type: tpl eurjpy052909-1.tpl   19 KB | 282 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #477
  • Jun 1, 2009 8:57pm Jun 1, 2009 8:57pm
I was watching only in higher TF. But I need to pay more attention to lower TF
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 70 KB
Attached Image
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #478
  • Jun 2, 2009 2:29pm Jun 2, 2009 2:29pm
Old trading channel from 20th of April with the newer fib channel, still all valid.

Target 61.8 hit, now waiting to come close to 76.4
Attached Image (click to enlarge)
Click to Enlarge Name: icce20.gif Size: 41 KB
  • #479
  • Jun 2, 2009 9:57pm Jun 2, 2009 9:57pm
1.4460 is a Target on my Daily Chart.

OK. so you want proof or a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 51 eurusd x 1 day.gif Size: 52 KB
  • #480
  • Jun 4, 2009 10:36pm Jun 4, 2009 10:36pm
PA took a small break (Including a 4H shampoo, stopped at 50% fib), good chances to add longs and scalp some shorts, now the show (bull show) must go on.
Attached Image (click to enlarge)
Click to Enlarge Name: icce22.gif Size: 44 KB
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