ICCE. Bemac's Fib. Reverse Engineered

All the best for you too Bill! Thanx for the chart.
My observation was more like curious thing..2007 the same range now? could be....the fibs are showing strong S.R levels from then working now too...just a maybe..

Again,no comments.Many thanks for this masterpiece and best wishes for holidays.

EUREKA!! Now I finally got it...the relation time/price action makes this Indicator plot dynamic S/R levels ..it measures one "time correction" in the market and use it as reference to calculate fib based levels. I´m a right on this one?...That´s very interesting, I´m was plotting manually some lines in my charts studying this relation(time/price action)as I realized it.

I would just like to thank you Bemac and the guys and girl
that made this indi availeble to us.
I've reach a stage were im to scared to pull the triger
this will give me some confedence back to pull the triger again

Thank you kind sir

I took the short lets see where it goes

At last some GREEN pips for me. Took profit at 61.8%

THANK YOU SO MUCH BEMAC

Great to hear Hansie.

Here's a Longer TF USDCHF (Daily) that I'm watching.



Upper Red Dashed = SL
Middle Red Dashed = Entry (Short)
Lower Red Dashed = TP (I will monitor both Upper & Lower Red Dashed for neccessary changes over the coming weeks. If the Trade goes my way... I will drop the SL to intersect the Blue Diagonal of Last Resistance.)

Same Chart zoomed out. Note where the 23% Fib lies.



Scary stuff, I know, but it's been there as recently as 6 weeks ago.

I do not know what should I say.

Say that you caught some of it.

This is my yesterday projection,I cought easy 55 pips what is not too much difficult with this awesome indy.Once again,thank you Bemac.

Don't forget Cobra. He helped get you there but as long as you get there that's what counts.

You are completely right.

And Caveman & Miss Pips...

Those guys made it visual;

There is no Science! There is no Probability. There is Simply Possibility.

The following have nothing to do with Pivot Points.
I would Love to say that I know, at this moment, where the Market is going but I can't. Never could & expect I never will.
However; I do think I have a clue toward Range Movement.

EURRUSD:
Will Stall, on a rise, at ~1.4792
Will Stall, on a drop, at ~1.4070


GBPUSD:
Will Stall, on a rise, at ~1.6700
Will Stall, on a drop, at ~1.5500


EURJPY:
Will Stall, on a rise, at ~138.00
Will Stall, on a drop, at ~129.00


USDCHF:
Will Stall, on a rise, at ~1.0600
Will Stall, on a drop, at ~1.0000


It's not a Journal but it is a way of making puplic what I see in the long term.

Fine: but Gimme the Goods...
OK:

I read thru the thread where the indi was made and ive read about 20 pages of this thread. I think identifying the channel is crucial so was posting my chart of the eur/usd daily. Can u tell me if I properly identified a channel?

Then Ill try to catch up with everyone from there. My grattitude to those that contributed and shared. I not only learn to trade here but learn to be a good stuart of my fellow people.

thank you
bulls

ps the next 2 were of the eurusd monthly, the most recent channel i could identify, then blown up to the recent daily action. not sure, but i think i got it right. Last one gbp usd i measured out the channel on the monthly and weekly to use for daily PA analysis. Not sure what the red lines are. they just showed up.

In my setup that I have as an interested bystander, I still use v3 which has channel bands of 52.8 and 47.2, not 54.6 and 45.4.

On the daily chart, I take channel time to be 2008/03/06 ending 2008/08/07 , similar to Bemac's post above.

For the above channel boundaries, this gives a fib of 38.2 at 1.42769, close enough as a support for current price...

On the 4 hr chart I have a new channel ( maybe a sub channel) defined by a 2nd ICCE , with prices of 1.42611 and 1.44555 for 47.2 and 52.6.
Start date is 2009/12/17 onwards.........

My hourly chart ICCE view is ( roughly) from 3pm to mid night (New York Standard Time)

No, but price will tell you, eventually.

I would not have drawn that channel, but that does not mean it's wrong. Just keep practicing with the concept and I think anything that's not clear will become more evident.

I haven't posted a chart in a while but in the meantime I have been working on my same SP500 chart. In December I identified a new channel, which has been broken. My "other" SP500 chart tells me that we are topping out on this run up, so perhaps price will be drawn back to the 50% before continuation. I am fully invested in this index now, so I am vigilant for a temporary and/or partial exit. The 1150 mark has my attention.

*********
I posted this in the PF & tried to copy it to here. I may have made a foapah or two in the trasposition but I hope the Gist gets accross.

Let's all form a channel or two to see if we can nail this down.
I used Monthly, you can use whatever TF you feel comfortable in.

From the PF.
*********

Q) High of Channel to Low of Channel? 47% to 52% or 45% to 54%? I'm a little lost. I just want to get it right...

A) Remember that you are in a classroom off to the side of a University.

Can you read Bars? Do you understand the {let's not call it Human} Controlers Objective?


Let's start here.
"Boring Monthly chart."
Yeah. But if you believe that, you are still looking for your Forex Anchor.

EURJPY Monthly based on a 47 t0 52% Channel.
http://www.james16group.us/forums/at...1&d=1262989931


EURJPY Monthly based on a 45 t0 54% "SAME" Channel.
http://www.james16group.us/forums/at...1&d=1262990042

Kudos to Dylan For the Times they ar a...

For me, Diagonals are a guidline. I use them but only combined with other criteria.

Horizontals open the window to my Tragets & I want to see them having been respected in the past.
{hmmm. sounds a little like a PPZ to me...}

How did I do That? Change it from 47% to 45%?
Miss P OR Caveman are welcome to post a new Ind {I'll post this on the Public side too. oops, this is the public side.} But the lengthy answer is, I fumbled around & managed to create this...
Code for 45% to 54% with some Inputs moved.
I Saved As...
Bemac Test MP...

Tried to post the code but it is too long x 3 times.

so here's the Indy.
Bemac Test MP 20ICCE bemac-defaultcombo v1[1][1]13.mq4

$#it I need some help here guys.
Marejp. How do I attach an Ind. I've never done it before on this Forum.

Why?
Horizontals have to meet Historical S/R.
Find That & you have advanced.
http://www.james16group.us/forums/at...1&d=1262992588

Can you say 151 with a Pit Stop @ 140?

While on the subject of S/R... horrizontal, slanted and otherwise...

One of the posts that turned my head some time back...

http://www.forexfactory.com/showpost...ostcount=39769


Still does now that I read it again for the umpteenth time.