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ICCE. Bemac's Fib. Reverse Engineered

  • #701
  • Jul 29, 2009 5:29pm Jul 29, 2009 5:29pm
Hey Scrutch, I hope you got some of that burst on EJ. I missed it - internet connection down.
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  • #702
  • Jul 29, 2009 7:52pm Jul 29, 2009 7:52pm
Don't know if the Channel was right, but those downward sloping diagnoal lines proved to be good enought resistance and with the bearish divergence in RSI the trade was good for 15 odd pips...

Good 5 min divergence in THV confirmed the trade...
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Deprive a man of everything and you give him nothing to lose.
  • #703
  • Jul 29, 2009 9:46pm Jul 29, 2009 9:46pm
This is the first thread that doesn't get invaded of additional indicators etc. Bill.

I think this is a very exclusive club, you did a good job on that and our fellowers know what to post or not.



Quoting Bemac
I'm probably more guilty than anyone else BUT, I have to say that I am very pleased at how this thread has managed to avoid the sidetracks that I expected when I opened it... F@, forgot to post 'General' as a title again... I'm Old and that's my final answer. (:>{)
  • #704
  • Edited 11:52pm Jul 29, 2009 11:26pm | Edited 11:52pm
Moved to another location...

Was short, took profit and am now long...

the same line of resistanceas in the previous post, when broken led to some good pips...not sure if she's gonna run up to 61.8 but let's see...
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Just noticed that PA stopped exactly at 1.4176...the FPV of the he day in THV...wasn't paying attention...thankfully it gave me another chance, closed 75% with 20pips let the rest run or drop...

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She just blasted past 1.4176 to ...86 let's see if she gonna hit 61.8....

Would y'all have drawn the same channel that I did?
Deprive a man of everything and you give him nothing to lose.
  • #705
  • Jul 29, 2009 11:55pm Jul 29, 2009 11:55pm
this is really a great thread. fantastic!

what about this box? correct?
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meine augen sind die sterne
  • #706
  • Jul 29, 2009 11:56pm Jul 29, 2009 11:56pm
Quoting aserbfx
this is really a great thread. fantastic!

what about this box? correct?
looks good, hope you traded it !
Deprive a man of everything and you give him nothing to lose.
  • #707
  • Jul 30, 2009 12:10am Jul 30, 2009 12:10am
Quoting cashmeer
looks good, hope you traded it !
to be honest: no! i was out with the dog.
meine augen sind die sterne
  • #708
  • Jul 30, 2009 12:18am Jul 30, 2009 12:18am
Quoting Bemac
Hey Pete, If what you got 'ain't broke; Don't fix it!

Dorop it on a separate Daily {not your Trading Chart} & just watch it for a while.

Identifying can be made simpler by changing Chart to Line on Close.

(I think it was the Hippy that came up with that one but not sure
Who was it?
Done it on 15m chart. I have specific rules for S/R on dailies so now have Daily - 4/1 hr (switch between 'em) - 15m with ICCE and work my way down from high to low.

Daily is all based on the close anyway and is a clean way of finding S/R.

Only trade GBPJPY and EURUSD so shouldn't take long to re-program the old brain.
  • #709
  • Jul 30, 2009 12:57am Jul 30, 2009 12:57am
my trade.....

comments appreciate


good trading to all

pipgame
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  • #710
  • Jul 30, 2009 1:48am Jul 30, 2009 1:48am
Quoting pipgame
my trade.....

comments appreciate


good trading to all

pipgame
please see post #705.
meine augen sind die sterne
  • #711
  • Jul 30, 2009 2:14am Jul 30, 2009 2:14am
Quoting aserbfx
please see post #705.
  • #712
  • Jul 30, 2009 4:01pm Jul 30, 2009 4:01pm
Here's the latest one I'm working on. Small range tho.
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  • #713
  • Jul 31, 2009 8:50am Jul 31, 2009 8:50am
making sure I subject line the post so Cashmeer does not take me to the woodshed...

Watching:

USD crosses had some nice action this morning.

First the big Picture. Price approaching an important level - 1.6700.

Closer in - price has blown thru the upper bounds of the channel. A pull back with PA would be verry nice now... Monday perhaps.
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I'm pretty much done with all this ...
  • #714
  • Jul 31, 2009 11:19am Jul 31, 2009 11:19am
Monday will be interesting.

Added to my 'Cargo' today with the drop. (I hope Bemac allows me to use the term - I like it!) and the target was simple to figure out.

Area to watch - bar highs from the end of June.

Now all I want for my Happy August present is PA and a push through those bar highs...
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I'm pretty much done with all this ...
  • #715
  • Jul 31, 2009 12:10pm Jul 31, 2009 12:10pm
Quoting aserbfx
this is really a great thread. fantastic!

what about this box? correct?
look where price went...
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meine augen sind die sterne
  • #716
  • Jul 31, 2009 12:55pm Jul 31, 2009 12:55pm
@ SP: Feel free to utilze Anything I post to a Public Thread in your personal Tool Kit. I understand that anything I post here is only an offering & therefore is "Open Slather" {a phrase I coined from an old vtt forum buddy.}

@ aserbfx: it would help if you zoomed out to include the {& I like this one "IceBox". I do think I would prefer to call it IcceBox just to differentiate.}

Your lines, from what I can see, do look good though.

hth
BMc.
  • #717
  • Jul 31, 2009 1:06pm Jul 31, 2009 1:06pm
Quoting Bemac
@ aserbfx: it would help if you zoomed out to include the {& I like this one "IceBox". I do think I would prefer to call it IcceBox just to differentiate.}

Your lines, from what I can see, do look good though.

hth
BMc.
thanks. you can see the box in post #705 or here:
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meine augen sind die sterne
  • #718
  • Jul 31, 2009 1:28pm Jul 31, 2009 1:28pm
Quoting aserbfx
thanks. you can see the box in post #705 or here:
Now I got you.
Let me be the first to say that these Channels can and are ruturned to on a semi regular basis. That means that an "Old Channel" is not, neccessarily, a Bad Channel. {sorta like us old Folks } In other words, Good Job.

Perhaps because I have been looking at these for a few years now it has become easier for me to 'adust or move' the Channel...

This is my current EURUSD 15M chart.
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*********Please, Ignore The "Buy" I am currently in. I got in just before the Close on a Weekend hunch*********
  • #719
  • Aug 2, 2009 4:34pm Aug 2, 2009 4:34pm
Quoting Bemac
*********Please, Ignore The "Buy" I am currently in. I got in just before the Close on a Weekend hunch*********
Now I grabbed a few so, You can't Play the Trade that I did.

There will be some Serious Buy opportunities this week {in my opinion} all we have to do is wait for them. Can You stay 'Flat'?
  • #720
  • Aug 2, 2009 7:14pm Aug 2, 2009 7:14pm
Those damn diagonal lines are so useful...both ways out of the range on the 15 min chart, PA stopped exactly at the diagonal lines...

In the move downwards, the 1st lower diagonal line coincided nicely with the 38.2% fib on my 5 min THV...

BTW is it the height of the range that determines the width between each diagonal line?
Attached Image(s) (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
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