ICCE. Bemac's Fib. Reverse Engineered

Honestly I have been trying to post this for an hour or more & occasionaly uthe chart between times.

Hopoe tis one works

I shouldn't have been trading in these sessions, but I was up and had the urge...PA came within 2 pips of the 61.8 as of the time of this post...it could not break the T/L drawn by ICCE...it probably will later...

Even though I entered prematurely (I entered right after the green vertical line, eventhough it had not closed and opened above the diagonal T/L) the only thing that kept me in the trade was the upward sloping blue trend line and the constant bullish divergence signals I was getting in the 1 min THV....

What I wanted to mention was how PA respected those diagonal lines that were drawn based on the range box...

I wanted to mention that, that may be a good way to guide the way in which we draw out the ranges. That is to say, if we look at past PA based on a range we are drawing the lines should reflect trend lines that were already there. If not we can adust the range box so that the lines meet up....

I indicated on my chart with red arrows the amount of times before and after the range that PA absolutely respected the diagonal lines...

what do y'all think?

Sorry if this post is verbose...my mind is turning into mush...

Still trying to figure out the entry....most of my entries are not based on ICCE but rather on THV. I use ICCE to guide my exits....

Sometime, like in the last post, I jumped in because of a break of the range, but as I was saying, I should have looked for a break of the range and the diagonal lines....

Also, I have RSI underneath, so divergence signals can be a reason to enter...

How do you enter, and what time frames do you use?

ADD: Bemac gave you some beans? I didn't get any beans. Why didn't he give beans to everybody in here?

That answers that question - THV.



Price Action Only. 1hr if I have time to look - 4 hr normally.




Yes - and they have given me a bad case of gas. My wife wants to 'meet' Bemac now...

Without predjudice:

This has look abou it of Bulls baiting Bears.
Butstill a Very Narrow Range.

I know that is a form of exclamation, but where the heck does that phrase come from?

let's see what the web has to say...

Shiver my timbers (usually pronounced shiver me timbers) is an exclamation in the form of a mock oath usually attributed to the speech of pirates in works of fiction. It is employed as a literary device by authors to express shock, surprise or annoyance. The phrase is based on real nautical slang and is a reference to the timbers, which are the wooden support frames of a sailing ship. In heavy seas, ships would be lifted up and pounded down so hard as to "shiver" the timbers, startling the sailors. Such an exclamation was meant to convey a feeling of fear and awe, similar to, "Well Blow Me Down!", or, "May God Strike Me Dead". Shiver is also reminiscent of the splintering of a ship's timbers in battle - splinter wounds were a common form of battle injury on wooden ships ('shiver' means splinter in some English dialects).

http://en.wikipedia.org/wiki/Shiver_my_timbers

That's Scottish, right Bemac? Atleast it sounds Scottish...

Anyhow...

This was a nice ICCE trade and I thought, "Well, Shiver me flipping Timbers!"

That 38.20 met up exactly with S1....nice place to take profit. No less than 25 pips...50 pips from the beginning of the descent...

Simple break of a trendline, TRIX and PA






By the way, that old ICCE is still proving to be helpful...that last top of my 1 min coincides with the 23.60 of an ICCE from a while ago....

Way to go Cash...

Just think what would have happenned to this thread if I had originally posted Multiple ICCE on the same Chart. Too many Lines to follow. So... Start with One.

I have to respond to another question on this & I am so happy to see that you have realized this.

ICCE? "The apple never falls far from the tree."

First trade:




Second Trade, same ICCE Range, just 5 min chart...divergence in RSI at the bounce of the top of the ICCE range...40 pips total...

get the fudge out of town ! Can you believe this?!

I was watching this trade based on the 4hr and 1 hr chart and as posted above had already taken some trades based on ICCE range...bu this $hit is wild...



70 pips...I rode this thing almost all the way to 100%....

bemac, you are the FLIPPIN' MAN !


ADD: Good reason to enter...

Yeah - it is some tasty stuff. No doubt about it.

And I would love to see Bemac flip.

it just occured to me....there is no emoticon for a light bulb over the head, but that is just what happened....

I remember Bemac, in the other thread, saying that the range, top and bottom, somehow represented a 50% area on some other higher time frame fib...where PA gets stuck...the reason I drew that range in the 1 min is becuase I was waiting for the bounce off of the 50% fib on this four hour chart, which I posted in the THV thread along with the 1 hour chart

In the THV analysis chart, the 4hr was majorly oversold when it hit the 50% fib...

So, there you go, it finally really made sense to me...sorry if these thoughts are incoherent...my brain is about to shut off...it's 6am in the morning for me...goodnight/goodmorning....

he can post it on Youtube...

Or I could just sit here & feel gratified that someone else got it.

I know it didn't come easy Cashmere, but it did arrive & that's good.

Your view of a Market has now changed. Forever...

Bemac flipping - on YouTube? That'd go viral fast!

Would it bee that if we see range at 50 % Higher TF line, this could mean than new range is and other ICCE is not for use ?

Thanks.

Tom

Also, when seeing the retest on bigger TF fibo lines, we should look on smaller TF to find range and put on it ICCE ?

Thanks.
T

eur/jpy on M15. look where the price found resistance.

Another view.