Attachments: ICCE. Bemac's Fib. Reverse Engineered

ICCE. Bemac's Fib. Reverse Engineered

#621
Jul 27, 2009 1:29pm Jul 27, 2009 1:29pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Maybe some Single Malt dropped on the keyboard on the B-day party?

Quoting Bemac

Disliked

Not quite sure why the Diagonals are not Equi Spaced & parallel. Perhaps Miss Pips could explain.

Ignored

#622
Jul 27, 2009 1:31pm Jul 27, 2009 1:31pm

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

Quoting StoragePro

Disliked

...

I'll take 4 or five of these a month please... I am about to hang a picture of Bemac above my bed....

Ignored

I am not the one pulling the Trigger. Hang a Pic of your Goal(s).

#623
Jul 27, 2009 1:33pm Jul 27, 2009 1:33pm

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Quoting cobraforex

Disliked

I can give you a copy of the one that hangs above my bed.

Nice trades SP, do you use ICCE as breakout system as well or only the TP levels?

Ignored

I would not call it a 'system', but a management tool. I suppose the difference is small, but...

I love it for pinpointing an entry. PA at an ICCE fib is awesome, just gotta be careful in the counter trend of course.

The diagonals are great for aid in keeping my stops out of the way because they give me a nice indication of how price might run. In fact, looking backwards to previous price, the better it fits there, the better it fits going forward.

So - I will use it for breakouts - and I will use it to establish TP and where to set my stops to give things a chance to run. It seems to me, and I could be wrong, that playing for the longer runs is a bit easier (did I say that??) with this tool than without.

Now if I could figure out where a run will stop in advance - now THAT would be jiggy...

I'm pretty much done with all this ...

#624
Jul 27, 2009 1:33pm Jul 27, 2009 1:33pm

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

Quoting cobraforex

Disliked

Maybe some Single Malt dropped on the keyboard on the B-day party?

Ignored

It did; but it's amazing how much I can suck.

#625
Jul 27, 2009 1:37pm Jul 27, 2009 1:37pm

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Quoting Bemac

Disliked

It did; but it's amazing how much I can suck.

Ignored

- that seals it, Bemac is definitely going over the bed!

I'm pretty much done with all this ...

#626
Jul 27, 2009 1:40pm Jul 27, 2009 1:40pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Yep, it's not a system yet, I used the wrong word.

A system has entry and exit rules.

Thanks for the explanations, I'm also using breakouts of the boxes and after a while the boxes can get tremendious S&R, that made me a huge ammount last week on E/U.

Quoting StoragePro

Disliked

I would not call it a 'system',.....

.

Ignored

#627
Jul 27, 2009 1:41pm Jul 27, 2009 1:41pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Now we are two (edit: three with SP)

Quoting Bemac

Disliked

It did; but it's amazing how much I can suck.

Ignored

#628
Jul 27, 2009 1:47pm Jul 27, 2009 1:47pm

ak4x
Joined Aug 2007 | Status: TARFU... | 7,015 Posts

Quoting StoragePro

Disliked

... I am about to hang a picture of Bemac above my bed....

Ignored

Are you sure you really want this staring at you?

((In the interest of good taste, I have declined to attach the pic itself, but rather just the link for where to find it. I'm sure you'll understand.))

FUBAR...

#629
Jul 27, 2009 1:55pm Jul 27, 2009 1:55pm

PeterFM
Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts

I've tried 3 or 4 times to read this thread and the one over at the 'other place' but as I'm pathologically brain-dead on anything that requires simple maths and a chart with two or more lines on it I've had to call it a day.

Every time I read the glowing reports (see StoragePro) I take another spin to get my head tuned in.

Can I pay for a signal service...Ooh, mustn't do that must I?

All I'm going to say is that I love your stuff and just wish I understood any of it.

Maybe, in my case, KISS is the answer.

#630
Jul 27, 2009 2:00pm Jul 27, 2009 2:00pm

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Quoting ak4x

Disliked

Are you sure you really want this staring at you?

((In the interest of good taste, I have declined to attach the pic itself, but rather just the link for where to find it. I'm sure you'll understand.))

Ignored

LOL!!!! (Which one is Bemac?)

I'm pretty much done with all this ...

#631
Jul 27, 2009 2:04pm Jul 27, 2009 2:04pm

StoragePro
Joined Jun 2006 | Status: Vivere! | 1,034 Posts

Quoting PeterFM

Disliked

I've tried 3 or 4 times to read this thread and the one over at the 'other place' but as I'm pathologically brain-dead on anything that requires simple maths and a chart with two or more lines on it I've had to call it a day.

Every time I read the glowing reports (see StoragePro) I take another spin to get my head tuned in.

Can I pay for a signal service...Ooh, mustn't do that must I?

All I'm going to say is that I love your stuff and just wish I understood any of it.

Maybe, in my case, KISS is the answer.

Ignored

I'm pretty sure my understanding of it is pretty much 'greenhorn'.

I started just observing the horizontal fibs. They tend to line up with PPZ's, so an interesting confluence is formed.

I recently added in the diagonals to my view - mostly because I find I have to learn thing one thing at a time.

The hardest challenge so far is identifying a 'good' channel as they are not all equal...

I'm pretty much done with all this ...

#632
Jul 27, 2009 2:20pm Jul 27, 2009 2:20pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Can't be the short because I know he's long.

Quoting StoragePro

Disliked

LOL!!!! (Which one is Bemac?)

Ignored

#633
Jul 27, 2009 2:32pm Jul 27, 2009 2:32pm

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

Quoting StoragePro

Disliked

LOL!!!! (Which one is Bemac?)

Ignored

Read the notation Under the Pic but I have to be honest; that pic was taken in my Lighter days.

#634
Jul 27, 2009 3:09pm Jul 27, 2009 3:09pm

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

Quoting PeterFM

Disliked

I've tried 3 or 4 times to read this thread and the one over at the 'other place' but as I'm pathologically brain-dead on anything that requires simple maths and a chart with two or more lines on it I've had to call it a day.

Every time I read the glowing reports (see StoragePro) I take another spin to get my head tuned in.

Can I pay for a signal service...Ooh, mustn't do that must I?

All I'm going to say is that I love your stuff and just wish I understood any of it.

Maybe, in my case, KISS is the answer.

Ignored

Hi Pete. Took me 20 some odd years before I got this into my head. Don't fret if it takes you a few months or even a year or more.

Probably around the time that Jim was refining PB's to the point of utilizing them, I was a Fib Freak. I wrote Code in Metastock, EasyLanguage & later VTT to display my Fibservations.

ICCE is the accumulated culmination of all of that so... Should I expect you to understand it in a couple of months? That would be a Bad Trade with unrealistic expectancy...

I think what is missing here is The Foundation. That's what needs more explanation.

Let me try again.

Find a Chart {any pair, any TF} that shows a conforming Fib Run. This one for example...

Attached Image (click to enlarge)

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Notice the 50% Fib Expansion level and what happened when PA got there...

That's right... It formed a Channel. An ugly one but I used the First Chart I pulled up as an example.

How Wide {High to Low} was that Channel in Fib Exp Terms?
Purely from my Visual Research, I decided that it Ranged from 47.2% to 52.7% & this Range Marked the Half Way House of the Move.

Now I could calculate the PA Value of a Continuation or the Waterstops on the way back.

Let's leave the Diagonals for now. They are even tougher to understand why they {addmitedly} Appear to work.

Hope you can hang with us cause I really need some Family boys to help me deal with the Young Studs that are Running with this.
Yeah Yeah... You know who you are...
Any Idea how good it feels to have something you've discovered {and apparently not paralleled} be utilized to Increase Cargo?

SP! Please Don't Stop.
Cob! We need your Scrutiny.
PeterFM! This is Open Slather. That means I would gladly welcome any questions from someone I hold in such high esteem. {that means You buddy}

I need a cool one...

Oh... btw... ICCE applied...

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Size: 55 KB

#635
Jul 27, 2009 3:23pm Jul 27, 2009 3:23pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

I've spend 4 month to learn ICCE, I'm not gonna run as I'm trading it now.

Thanks again Bill for sharing your insight in something that special like ICCE.

Quoting Bemac

Disliked

Cob! We need your Scrutiny.

Ignored

#636
Edited 4:06pm Jul 27, 2009 3:46pm | Edited 4:06pm

PeterFM
Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts

I appreciate your faith in me but it ain't gonna happen for this old boy. I spent what seemed a lifetime trying to convince myself that Fibs had the answers I was looking for.

In fact, I just turned round to check the title of a book I bought some time ago. It's called 'Trading with DiNapoli Levels'. It's gathering dust now and it wasn't cheap. Very good for those that need to understand Fibs better, but I decided that every chart in the book (and lots more in other books) all had versions of this or indies or some such and I could look at them all and see S/R levels on the chart anyway.

What I do need to improve is a way of recognising the trading opportunities when a channel is forming. I'm getting there so will keep reading but please, Bill, concentrate your efforts on those that can see what you're getting at. There's nothing worse than being the slow one in class and holding the bright ones up.

We can still be friends, cant we?

#637
Edited 10:41pm Jul 27, 2009 4:00pm | Edited 10:41pm

Bemac
Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts

Quoting PeterFM

Disliked

I appreciate your faith in me but it ain't gonna happen for this old boy. I spent what seemed a lifetime trying to convince myself that Fibs had the answers I was looking for.

In fact, I just turned round to check the title of a book I bought some time ago. It's called 'Trading with DiNapoli Levels'. It's gathering dust now and it wasn't cheap. Very good for those that need to understand Fibs better, but I decided that every chart in the book (and lots more in other books) all had versions of this or indies or some such and I could look at them...

Ignored

Only if I can put you Pic above my bed...

Sail on Pete... Sail on....

If you want a Friend... Be a friend... {Edit: That's mine btw. I raised my kids on it.}

PeterFM has been a friend to me.

#638
Jul 27, 2009 7:09pm Jul 27, 2009 7:09pm