ICCE. Bemac's Fib. Reverse Engineered | Page 48 | Forex Factory

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ICCE. Bemac's Fib. Reverse Engineered

  • #941
  • Sep 24, 2009 1:50am Sep 24, 2009 1:50am
Quoting StoragePro
Same pair last night yielded nothing that I could trade. However, as I slept, it did... And how!

They key is that you need to be available to take the trade. This does not mean you sacrifice health and family to trade, it means you only take what is presented when you are available to take it. So, for this fast tie frame, evenings work for me and the AUD, NZD and JPY pairs work best for the few hours I have for it.
well put......I do 6 am-6pm mon fri if it happens outside those hours im not there.

Health is Wealth.
  • #942
  • Sep 24, 2009 2:30pm Sep 24, 2009 2:30pm
EU - off of the 11PM - 1AM EST Channel. Often, there are great trades on the London morning session, but no PA lead entry today - until the 8:45AM EST bar.

The trick, as always, is the management of the move.

Bang, zoom, to the moon Alice - Ralph Kramden.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15 min icce 9-24.gif Size: 24 KB
I'm pretty much done with all this ...
  • #943
  • Sep 24, 2009 6:55pm Sep 24, 2009 6:55pm
Quoting StoragePro
EU - off of the 11PM - 1AM EST Channel. Often, there are great trades on the London morning session, but no PA lead entry today - until the 8:45AM EST bar.

The trick, as always, is the management of the move.

Bang, zoom, to the moon Alice - Ralph Kramden.
Cool SP. Nice Trade:
I see the Pin that Got you In But I want to get a little deeper into this Trade.
The Pin Suggested an affordable Short. Did it give you any indication {PPZ's etc} as to how much you could reasonably expect to Pull?
Did it give you a definative Price to set your Stop? {outside, of course}

Why didn't you Jump when you were Well Up?
What kept you in the Market & what got you Out?

Please: Not a slam & I understand that SP may still be banging around the walls but let's call a seed a seed.
NICE TRADE!
  • #944
  • Sep 24, 2009 7:52pm Sep 24, 2009 7:52pm
Quoting Bemac
Cool SP. Nice Trade:
I see the Pin that Got you In But I want to get a little deeper into this Trade.
The Pin Suggested an affordable Short. Did it give you any indication {PPZ's etc} as to how much you could reasonably expect to Pull?
Did it give you a definative Price to set your Stop? {outside, of course}

Why didn't you Jump when you were Well Up?
What kept you in the Market & what got you Out?

Please: Not a slam & I understand that SP may still be banging around the walls but let's call a seed a seed.
NICE TRADE!
Sure -

20 pip initial stop. Top of the bar to the break of bar plus 5 pips and a 1 more pip for the spread.

That bar was nice because it had three things going for it -

  1. At a round number - 1.4800
  2. On a ICCE fib
  3. There are a bunch of bar highs right there back a few days. History does repeat itself - that is why PA and ICCE work.
  4. And for emphasis and the final blow - RSI divergence


Confluence is a beautiful thing. The good setups like this tend to have some juice and jump away fast.

Of course, have no idea at all where it may go to, but I get to BE as soon as I can. I am very serious about that - so much so that I am willing to have a few BE trades to get a no stress winner. Most BE trades don't run anyway.

I got to 3R really quick on this trade, and the bar that got me to 3R closed in the channel, so hey - why not lock in the 3R and see what happens. 3R is a very nice trade for 75 minutes of work, so I decided to simply let it play out. I expected some consolidation there - nope - it kept running.

I actually left my desk during part of the chop chop, so once price broke a fib - and stayed entirely below - I moved my stop to lock in more. I was up 4R+ at 1:30 PM. The Chop Chop is on the 1.4700 - another round number, so it was not a surprise we had some issues there. It is also in the area of lots of previous chop.

After that - I got tighter - and locked in 5R after the bar closed below the 23% fib. And finally - out at the PB marked with an "X" For 145 pips on a 20 pips position - 7R. That PB was tradeable, and I decided to not temp things.

What I know -

  1. The fib lines act like support and resistance - because they often line up there
  2. If you get a great setup, 2R is easy money, and 3R seems that way too
  3. Hiding stops behind a fib or a round number works - especially when they are in confluence
  4. I can trust ICCE, but it will not tell me how far it will go (or does it Bemac..??)


There it is.
Attached Image (click to enlarge)
Click to Enlarge Name: eu icce 9-24.gif Size: 31 KB
I'm pretty much done with all this ...
  • #945
  • Sep 27, 2009 4:20pm Sep 27, 2009 4:20pm
Strong rejection from the 76 fib implies a retracement. I'll be watching for signs of continuation or reversal next.
Attached Image (click to enlarge)
Click to Enlarge Name: sp daily icce 09-27-09.gif Size: 24 KB
  • #946
  • Sep 27, 2009 5:38pm Sep 27, 2009 5:38pm
Quoting TradeWell
Strong rejection from the 76 fib implies a retracement. I'll be watching for signs of continuation or reversal next.
Love that ICCE.

With so many potential places for price to react, it is nice to have this map! And it just works all over.
I'm pretty much done with all this ...
  • #947
  • Sep 28, 2009 1:18am Sep 28, 2009 1:18am
[quote=StoragePro;3091614]Sure -

sweet as a nut mate
  • #948
  • Sep 28, 2009 8:46am Sep 28, 2009 8:46am
EJ 15 minute ICCE.

Just got out with 2R on the checked bar. Missed the first 2R chance getting coffee....

The AJ did th e same thing too.
..
Attached Image (click to enlarge)
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I'm pretty much done with all this ...
  • #949
  • Sep 28, 2009 1:14pm Sep 28, 2009 1:14pm
I don't know .... sometimes this is just too easy. That is scary - I'd hate to be setting myself up for a crash! Caution signs are flashing...

CADJPY. 4Hr BEOB marked with the arrow. I placed the lower bound of the box where it is because of the bar highs to the left of it (marked in gray). That bar was the PA that moved me out of the channel. On it like flies on stink.

Always look left for confirmation on solid ICCE Box placement. Confirm with how your fibs line up to the left. If you cannot figure it out - skip it.

Out this morning at the check mark - 3.5+ R is pretty good on the 4 hr, and I did not feel we had much gas in the tank left for more movement down. It got out on on the SL set at the 23% fib.

Management of this one was simple. Entry at the first yellow line - 10 pips plus spread. Each successive yellow line was another R. Notice the proximity to the Round numbers. Use those in conjunction with the ICCE fibs to move stops. PPZ's are very useful too if yo bust through one.

Moving on. Hoping for some PA at 83... Another ICCE box would be silly good too.
Attached Image (click to enlarge)
Click to Enlarge Name: cj 9-28 h4 icce.gif Size: 24 KB
I'm pretty much done with all this ...
  • #950
  • Sep 28, 2009 1:29pm Sep 28, 2009 1:29pm
part one of a long term experiment. And nothing is perfect, so this will take me some time to really get my arms around it - if in fact there is anything I can hold onto.

NZDUSD - formation of a channel has begun - first chart is the 4 HR view.

Second chart is a longer term daily view. As you can see, they are different by a few days and I think part of the issue is that MT4 charting is actually quite shitty. (Try NeoTicker or Tradestation for comparison) But I digress. Sometime over the next two or three days we should have a breakout. Depends which line is correct - All I know is I have areas to watch.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu 9-28 h4 icce projection.gif Size: 25 KB
Click to Enlarge Name: nu 9-28 h4 icce projection2.gif Size: 30 KB
I'm pretty much done with all this ...
  • #951
  • Sep 28, 2009 1:46pm Sep 28, 2009 1:46pm
Quoting StoragePro
part one of a long term experiment....
Hey SP, how do you get your ICCE with so few lines? I've looked at the properties before loading and I can't see anywhere to switch stuff off. Or do you just colour them black?

I've tried dragging ICCE onto a Daily chart and there so much going on I can never find which lines to move. This one's not too bad compared to some I've tried.

PS: Sshh - don't let Bemac see this post - he must be tearing his hair out - or sharpening his dirk

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Attached Image
  • #952
  • Sep 28, 2009 1:58pm Sep 28, 2009 1:58pm
Easy - in the Indicator look for "NumberOfLinesAbove" and "NumberOfLinesBelow" and set to 0.

You can also do this in the code and make it the default for all ICCE's.

PS - I hope nobody gets shanked...

Quoting PeterFM
Hey SP, how do you get your ICCE with so few lines? I've looked at the properties before loading and I can't see anywhere to switch stuff off. Or do you just colour them black?

I've tried dragging ICCE onto a Daily chart and there so much going on I can never find which lines to move. This one's not too bad compared to some I've tried.

PS: Sshh - don't let Bemac see this post - he must be tearing his hair out - or sharpening his dirk

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Attached Image
I'm pretty much done with all this ...
  • #953
  • Sep 28, 2009 2:12pm Sep 28, 2009 2:12pm
Quoting PeterFM
Hey SP, how do you get your ICCE with so few lines? I've looked at the properties before loading and I can't see anywhere to switch stuff off. Or do you just colour them black?

I've tried dragging ICCE onto a Daily chart and there so much going on I can never find which lines to move. This one's not too bad compared to some I've tried.

PS: Sshh - don't let Bemac see this post - he must be tearing his hair out - or sharpening his dirk ---------
sgian dubh {skeen doo} (no a dirk) but yerr rright A've goat ma strop oot tae sharrpen it.
Nae hairr left wurth pullin'
  • #954
  • Sep 28, 2009 2:33pm Sep 28, 2009 2:33pm
That's how I know my old friend Bill

Without Scottish dictionary I have no clue what's up.


Quoting Bemac
sgian dubh {skeen doo} (no a dirk) but yerr rright A've goat ma strop oot tae sharrpen it.
Nae hairr left wurth pullin'
  • #955
  • Sep 28, 2009 2:34pm Sep 28, 2009 2:34pm
Quoting Bemac
sgian dubh {skeen doo} (no a dirk) but yerr rright A've goat ma strop oot tae sharrpen it.
Nae hairr left wurth pullin'
Yea, I couldn't remember the other name - I even went Googling to try and find the right spelling but without the right name I was lost (seems to be a permanent state for me).

I guessed about the hair but I'm too nice to bring it up in polite company.

BTW, SP I've gone into the code and made the changes but would also like to set the 'delete all objects' as default when deleting ICCE as I'm always messing about with it and it would save a bit of time. Any way of doing that? I couldn't see it hardwired into the code.
  • #956
  • Sep 28, 2009 2:47pm Sep 28, 2009 2:47pm
Quoting PeterFM
Yea, I couldn't remember the other name - I even went Googling to try and find the right spelling but without the right name I was lost (seems to be a permanent state for me).

I guessed about the hair but I'm too nice to bring it up in polite company.

BTW, SP I've gone into the code and made the changes but would also like to set the 'delete all objects' as default when deleting ICCE as I'm always messing about with it and it would save a bit of time. Any way of doing that? I couldn't see it hardwired into the code.
Find this line:

extern bool DeleteAllObjects;


and make it look like:

extern bool DeleteAllObjects=true;


Make sure you click the 'compile' button before you close it up.
I'm pretty much done with all this ...
  • #957
  • Sep 28, 2009 7:57pm Sep 28, 2009 7:57pm
GBPJPY 15 minute.

as usual, entry is 5 pips past break plus spread - 10 pips in this case. Went another 10 and came back - and all the rest of the yen crosses did likewise.

Out for a teeny loss. Now it runs like a Kenyan marathoner the other way...

Moral of the story - trust your instincts and act.

The EJ and AJ both also spun off PB's - set orders, but they did not break right away - so I canceled them. I guess that may have been a clue?
Attached Image (click to enlarge)
Click to Enlarge Name: gj 15 min icce 9-28.gif Size: 23 KB
I'm pretty much done with all this ...
  • #958
  • Sep 28, 2009 8:01pm Sep 28, 2009 8:01pm
Shorted this BEOB for 52 pips minus spread.

K.I.S.S.
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  • #959
  • Sep 28, 2009 8:08pm Sep 28, 2009 8:08pm
Quoting KissFan
Shorted this BEOB for 52 pips minus spread.

K.I.S.S.
Noice. Get some nice R's? Pips suck. R's rock. BTW - I wait for price to give me PA outside the box - or PA to take me out of it... Them skinny boxes give me the willies...
I'm pretty much done with all this ...
  • #960
  • Sep 28, 2009 8:26pm Sep 28, 2009 8:26pm
Quoting StoragePro
... Them skinny boxes give me the willies...
Skinny boxes are wide boxes on lower TF's.
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