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ICCE. Bemac's Fib. Reverse Engineered

  • #821
  • Aug 28, 2009 11:07am Aug 28, 2009 11:07am
Quoting pipgame
Hello,

this box worked very well for me, now is time for new one......

Any suggestion for next box?


have a nice trading day and great weekend.......
I hear that there is a very big DNT (double no touch) option on EURUSD 1.3950/1.4450 which is defining the range.
Have a good weekend!
Nicola
  • #822
  • Aug 28, 2009 12:06pm Aug 28, 2009 12:06pm
Quoting elitejets
I hear that there is a very big DNT (double no touch) option on EURUSD 1.3950/1.4450 which is defining the range.
Have a good weekend!
Nicola
great

Here is my prediction ......


BTW: your name sounds me familiar

be good!

the winner takes it all - good and bad
Attached Image (click to enlarge)
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  • #823
  • Aug 28, 2009 1:22pm Aug 28, 2009 1:22pm
Hi everybody. Haven't dropped in much - been working on other things. Here is daily chart I have been watching for some time now. Don't know why but I put two boxes together on this one. I like how it is responding so I think I'll keep it until it doesn't make sense anymore.

Have a great weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: sp daily 28-08-09.gif Size: 32 KB
  • #824
  • Edited 12:46pm Aug 31, 2009 12:34pm | Edited 12:46pm
I posted this in the Ladies Network thread but thought it might be of interest here as well.


This is a continuation of an ICCE chart which I trade since some weeks.

We see clear support areas (red) built on the top and bottom lines of the ICCE box which was photo copied on 26 Aug. (second box).

It was a a good take during this London-NY session to buy at the first Support level indicated, in case that PA would hve gone to the second level (1.4220 level) I would have added to that position.

The ICCE boxes and their Fib levels should be seen as areas (not exact Pip values) in which we act when we think the support or Resistance hold.

We are in a range since 19. Aug and it is forming a Mega ICCE (the blue sqare line). The upper level is the bottom line of a previous ICCE box from the first days of Aug.
Attached Image (click to enlarge)
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  • #825
  • Aug 31, 2009 4:27pm Aug 31, 2009 4:27pm
Quoting cobraforex
.... and it is forming a Mega ICCE ...
Mega ICCE = Mega future pips?
  • #826
  • Aug 31, 2009 5:03pm Aug 31, 2009 5:03pm
Hi Cobra,

Very thanks for your analyze with ICCE and share with us.

Mr Cobra, how show weekly and monthly pivot in the chart? please if possible for you share the indicator with us.

Thank you.
We are here to help each other... We Learn Forex Together!
  • #827
  • Aug 31, 2009 5:49pm Aug 31, 2009 5:49pm
Those are indicators available in the THV thread.

I'm not going to post them here as I don't think it's in the interest of Bemac.

Just go over there and download 'em.

Quoting masoud123
Hi Cobra,

Very thanks for your analyze with ICCE and share with us.

Mr Cobra, how show weekly and monthly pivot in the chart? please if possible for you share the indicator with us.

Thank you.
  • #828
  • Sep 1, 2009 3:41am Sep 1, 2009 3:41am
Another bounce from the upper wall, easy pips to made.

Time to reload for a quicky at 23,6%.

Quoting TradeWell
Mega ICCE = Mega future pips?
Attached Image (click to enlarge)
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  • #829
  • Sep 1, 2009 4:03am Sep 1, 2009 4:03am
Went out of that at touch of my beloved MA, basket is full and trading room closed now, see you tomorrow.

Quoting cobraforex

Time to reload for a quicky at 23,6%.
Attached Image (click to enlarge)
Click to Enlarge Name: icce66.gif Size: 29 KB
  • #830
  • Sep 1, 2009 4:16am Sep 1, 2009 4:16am
Quoting cobraforex
Another bounce from the upper wall, easy pips to made.

Time to reload for a quicky at 23,6%.
Hello Cobra, can I ask one question please.....


which Moving Average do you use on ICCE H1 chart and ICCE M5 chart?


Thank you for answer...

have a nice day

pipgame
  • #831
  • Sep 1, 2009 5:38am Sep 1, 2009 5:38am
OK, Thanks Mr Cobra.

Quoting cobraforex
Those are indicators available in the THV thread.

I'm not going to post them here as I don't think it's in the interest of Bemac.

Just go over there and download 'em.
We are here to help each other... We Learn Forex Together!
  • #832
  • Sep 1, 2009 5:41am Sep 1, 2009 5:41am
um what happen the next hour?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd_h12.gif Size: 40 KB
We are here to help each other... We Learn Forex Together!
  • #833
  • Sep 4, 2009 3:50pm Sep 4, 2009 3:50pm
Here's the update on this chart. Looks like a H&S forming, or possibly a repeat of the previous consolidation pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: sp daily 09-04-09.gif Size: 30 KB
  • #834
  • Sep 7, 2009 1:44am Sep 7, 2009 1:44am
Quoting TradeWell
Here's the update on this chart. Looks like a H&S forming, or possibly a repeat of the previous consolidation pattern.
is this S&P?
same H&S potential on Dow H4 & Daily.
  • #835
  • Sep 7, 2009 1:49am Sep 7, 2009 1:49am
Quoting supremeChaos
is this S&P?
same H&S potential on Dow H4 & Daily.
So EU would follow...maybe?
  • #836
  • Sep 7, 2009 3:11am Sep 7, 2009 3:11am
TradeWell,
we will see...
upside breakout or another day/week of consolidation..
EU closed almost unchanged last week. so it's hard to say
  • #837
  • Sep 7, 2009 11:49am Sep 7, 2009 11:49am
We are still in this crappy E/U Mega Channel , good for scalpers > bad for position traders.
Attached Image(s) (click to enlarge)
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  • #838
  • Sep 10, 2009 11:46am Sep 10, 2009 11:46am
Tesla's Trendline indicator....
(also for rectangles, fib retracements & fib expansions, Bollinger band, Andrew's Pitchfork)

please see my post here.
FYI.
  • #839
  • Sep 11, 2009 12:54pm Sep 11, 2009 12:54pm
Copy from THV thread:

I trade Bemac's ICCE (beside of THV and another proper daytrade breakout system) with small lotsize as long term trades (days or weeks) with good results.

Mega ICCE Channel -> Mega pips.

From breakout to first TP was 300 pips, the TP was 1.4647 but the R2 was in the way and that is enough reason to TP 15 pips earlier as those levels should be seen as TP areas and not exact levels.

In this case THV gave a faster entry permission than the breakout of the box.

I reversed the trade with 50 pips SL at TP and aim for fib 38.2% = 1.4520 about, now locked in profit.

Considerations:
1) TP in 61.8% ICCE zone with bearish RSI divergence
2) Touch of R2
3) reverse trade for retrace to 38.2 % fib
Attached Image (click to enlarge)
Click to Enlarge Name: icce71.gif Size: 35 KB
  • #840
  • Sep 11, 2009 2:03pm Sep 11, 2009 2:03pm
I have not tossed up any iccey stuff lately -

Gotta show BEMAC some love.

Two ways into this trade - the marked PB, which was not a great one, it drew down, and then a two bar PB. The close was deeper, and deeper is better. Price hit the first ICCE fib at 78 today. Just a tad less than 2R, thank you very much.

This tool is the bomb for breakouts Bemac.

Trust is building every day.

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