ICCE. Bemac's Fib. Reverse Engineered | Page 51 | Forex Factory

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ICCE. Bemac's Fib. Reverse Engineered

  • #1,001
  • Oct 8, 2009 1:42pm Oct 8, 2009 1:42pm
I think what you want is on Page 53...Post #783

Quoting Bemac
Hi Miss Pips,
I still use the version of ICCE that you coded some time ago...
20ICCE bemac-defaultcombo v[1][1]13
(Bemac v1.2)
My questions:
1)Is there any way to extend the Horiz Fib Lines into the Chart's History using the current settings?
2)If not, may I impose on your coding excellence once more and request it?
Thanks G. for all you have done here. without you, this method would probably still be lying in limbo.
BMc
Listen to the whispers.... You may learn something
  • #1,002
  • Oct 13, 2009 2:59am Oct 13, 2009 2:59am
Price continues to obey.
Attached Image (click to enlarge)
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  • #1,003
  • Oct 16, 2009 10:53am Oct 16, 2009 10:53am
I posted this box on 10/2/2009
here is how it has developed ;-)

Attached Image (click to enlarge)
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  • #1,004
  • Oct 20, 2009 10:55am Oct 20, 2009 10:55am
Hi guys,

I am very late to this party but wanted to express my gratitude for the fishing lessons! I just made my first (live) successful trade with this method.

I entered @ 1.4946 short, and exited @ 1.4904 (chickened out because the price stalled and we were around 00 but it did complete the trek down to 1.4893 (and then some!)

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: eu_102009.gif Size: 29 KB
  • #1,005
  • Edited 12:06pm Oct 20, 2009 11:54am | Edited 12:06pm
Hi Bemac,

Try setting the fibstyle to 0 and see if that's what you are looking for.
G.

Quoting Bemac
Hi Miss Pips,

I still use the version of ICCE that you coded some time ago...
20ICCE bemac-defaultcombo v[1][1]13
(Bemac v1.2)

My questions:
1)Is there any way to extend the Horiz Fib Lines into the Chart's History using the current settings?


2)If not, may I impose on your coding excellence once more and request it?
Attachment

Thanks G. for all you have done here. without you, this method would probably still be lying in limbo.

BMc
  • #1,006
  • Oct 20, 2009 3:00pm Oct 20, 2009 3:00pm
Quoting xtensive
Hi guys,

I am very late to this party but wanted to express my gratitude for the fishing lessons! I just made my first (live) successful trade with this method.

I entered @ 1.4946 short, and exited @ 1.4904 (chickened out because the price stalled and we were around 00 but it did complete the trek down to 1.4893 (and then some!)

Mike
Glad to hear it & welcome.
Here's how I see ICCE on the Trade you took.
Attached Image (click to enlarge)
Click to Enlarge Name: bmc eurusd m15 11.gif Size: 52 KB

I say 'SEE' because I missed this one. {Internet connection problems have me, more than a little, gun shy} My Chart is posted with the benifit of Hindsight but Please notice that the Start of my Box {LS} is shifted from Yours. This only affects the Diagonals. Not the Horiz Fib Extensions.

Wishing you all the success you deserve.
BMc
  • #1,007
  • Oct 20, 2009 3:04pm Oct 20, 2009 3:04pm
Quoting MissPips
Hi Bemac,

Try setting the fibstyle to 0 and see if that's what you are looking for.
G.
Thank You Miss P. Should've guessed you would have incorporated that into your Original design.
  • #1,008
  • Oct 20, 2009 3:17pm Oct 20, 2009 3:17pm
Quoting Bemac
Glad to hear it & welcome.
Here's how I see ICCE on the Trade you took.
Attachment
I say 'SEE' because I missed this one. {Internet connection problems have me, more than a little, gun shy} My Chart is posted with the benifit of Hindsight but Please notice that the Start of my Box {LS} is shifted from Yours. This only affects the Diagonals. Not the Horiz Fib Extensions.

Wishing you all the success you deserve.
BMc
Thank you for the evaluation, I haven't spent much time on the diagonals quite yet, I'm still getting my feet wet with the channel identifications, but I adjusted my channel as you had it drawn and I can see the diagonals lining up much better from the historical data.

I don't know if I have the intestinal fortitude to trade off the diagonals just yet but I will pay close attention to price around them to learn.

I also wanted to comment on your USD/CAD chart you had posted (the weekly). I have been following that same channel (based on your original posting of the channel) and did you see what happened today when it finally reached the top of that old old channel? That was certainly a *note to self* moment for me to scribble down.

Mike
  • #1,009
  • Oct 23, 2009 9:34am Oct 23, 2009 9:34am
Sorry guys for not posting this here also but there is a Bandwidth issue to consider.
I did post it here though.
  • #1,010
  • Oct 23, 2009 9:26pm Oct 23, 2009 9:26pm
I'm looking at this at the moment and traded bounces of the TL.

Actually we had a ping pong between WR3 and WmR3.
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  • #1,011
  • Oct 23, 2009 9:46pm Oct 23, 2009 9:46pm
Not trying to f#ck with your head. I Know you know how to use this but I also thought you should have a look at this..
Attached Image (click to enlarge)
Click to Enlarge Name: bmc eurusd 1hr 3.gif Size: 56 KB


Stay Warm My southern hemi friend.
Bemac
  • #1,012
  • Oct 23, 2009 10:04pm Oct 23, 2009 10:04pm
That's exactly (but my angle lines up better to the TL) what I showed in the second screenshot.

Yeah, here is't warm all year long, when does winter season start at home of your's?


Quoting Bemac
Not trying to f#ck with your head. I Know you know how to use this but I also thought you should have a look at this..


Stay Warm My southern hemi friend.
Bemac
  • #1,013
  • Oct 25, 2009 4:12pm Oct 25, 2009 4:12pm
We All Have Dreams...

This stuff about 5%? Accurate.

Are you trying to tell me I have to be an ACE student to survive this quest?

Simple answer: YES


Do you have to have this ability when you assimilate?
NO. but you should get to work on positioning yourself in that category.
Take in All You Can on the One You Favour.

How Should I go about doing that?
Drop ALL curtains & Listen. Some, we will realize the Objectives may be fruitless but others will talk to You in a different tongue. This is the beginning of you becoming You.


In my Estimation:
There are, consistently, 5 Members here that are offering Solid Directional Advice. Without considering “Pump & Dump” or ‘Lipstick on a Pig”

Ask some of the Folks that have been Trading since the 70’s {cancel that} let’s say the 90’s. Ask them what resources they had & how tough it was or How much of their thought & labour it took to Pull a Winner.

I think, therin lies the crux of why “Most” of you think this is Easy Money.
Trust me; It’s the Toughest.

Rant Rant & {yep} Rant

So Far… There is NO Grail. If it ever is discovered, It won’t be Posted. This is a Tic by tic Test on your individual resolve. If it Don’t fit, keep your money.

On the Other Hand….
Perhaps your dreams are just a Trade away.

Your Choice.

Bemac
  • #1,014
  • Oct 26, 2009 12:03pm Oct 26, 2009 12:03pm
Here is one from this morning. Makes me awfully giddy when it ranges all through the London session!

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: eu_102609.gif Size: 25 KB
  • #1,015
  • Oct 26, 2009 12:43pm Oct 26, 2009 12:43pm
Quoting xtensive
Here is one from this morning. Makes me awfully giddy when it ranges all through the London session!

Mike
Hey Mike,
I'm currently rowing the same boat as you but from a different seat. I'm short the EUR/JPY:

An Old Adage I formed & convinced myself of is;...
If the 23% Fib Holds, The Trend is Intact.
Attached Image (click to enlarge)
Click to Enlarge Name: bmc eurusd 4hr 3.gif Size: 51 KB


Watch your Back man.

OR: At least Reduce exposure by 1.4840

  • #1,016
  • Oct 26, 2009 1:03pm Oct 26, 2009 1:03pm
Quoting Bemac
An Old Adage I formed & convinced myself of is;...
If the 23% Fib Holds, The Trend is Intact.
I bail at the 38.20%, I don't trust my PA instincts past the 38 retrace, and depending on the PA sometimes I bail before then. Still observing and learning and leaving lots of meat on the table.

On your above quote, do you mean that if price doesn't breach the 23% fib or at least not by much, then the overall uptrend is still valid, but if 23% is taken out then the overall uptrend is in danger? Thanks!

Mike
  • #1,017
  • Oct 26, 2009 1:10pm Oct 26, 2009 1:10pm
Quoting xtensive
...

On your above quote, do you mean that if price doesn't breach the 23% fib or at least not by much, then the overall {up}trend is still valid, but if 23% is taken out then the overall {up}trend is in danger? Thanks!

Mike
Yes I do. Like everything else we use, it is not solid but pretty dm strong.
Also; remember that the 23% I'm talking about is Time Frame Sensitive.
  • #1,018
  • Oct 26, 2009 1:46pm Oct 26, 2009 1:46pm
Quoting Bemac
Yes I do. Like everything else we use, it is not solid but pretty dm strong.
Also; remember that the 23% I'm talking about is Time Frame Sensitive.
Thanks for the tip, the EU blew past the 23 (almost to the 14.6 now), so this might turn out to be quite valuable! Now to wait for consolidation to bring the next ICCE cycle.

Today's must have been a 2-stroke and hit the power-band around 8 AM EST
  • #1,019
  • Oct 26, 2009 7:11pm Oct 26, 2009 7:11pm
Too Many Blades Slashing Back & Fro for me.

I stand on the third position. {as opposed to the 5th}

{I'm Aside}
Looks like it's time to make my Grandkids love me a little more. {Compare THAT to Pips.}
BMc
  • #1,020
  • Oct 27, 2009 11:51am Oct 27, 2009 11:51am
Till here everything fine with the ICCE channel, 23.6% is equivalent to 50% fib.
Attached Image (click to enlarge)
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