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Can a successful system be reverse engineered? 14 replies

Order Flow Trading with ICCE Channels 3 replies

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Attachments: ICCE. Bemac's Fib. Reverse Engineered
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ICCE. Bemac's Fib. Reverse Engineered

Quoting StoragePro
Welcome to the wild west....
That actually makes a lot of sense, I never thought about looking at past PA or where the current PA was headed in terms of a consolidation or major S/R level...brilliant!

Edit: Could you post a chart or two with an example of this? I'm looking back through some fake-outs and I can't seem to put two and two together
Quoting Bemac
Let's get Real:
There is another Entity Above 'The Big Banks' but I don't know who.
This is not a conspiracy theory, I believe, it is just a fact.

Consider this;
If the Banks controlled the Market & You were a Banker; wouldn't you form Alliances or Coalitions?
So how come the "BIG" guys need a Bailout? (How could they Lose?)

Remember that it may be a Central Bank that is buying xyz currency but that is actually a final decision taken by a Bank Employee. (there are better Traders here on FF than some of those Nose Junkie, I got my Condo & Bimmer...
word!
I know my {lagging} Indicators "maybe" suggest otherwise but...
I'm a Buyer.

Why?
I notice that we are Back in the Channel which we were in back in 2005 & before that.
Attached Image (click to enlarge)
Click to Enlarge Name: bmc chfjpy w 1.gif Size: 38 KB


I am, currently, in the frame of mind that we may be contained there-in long enough for me to add some cargo.
Quoting Bemac
I know my {lagging} Indicators "maybe" suggest otherwise but...
I'm a Buyer.

Why?
I notice that we are Back in the Channel which we were in back in 2005 & before that.
Attachment 406382

I am, currently, in the frame of mind that we may be contained there-in long enough for me to add some cargo.
I like that channel a lot, I've noticed some of those major channels (daily and weekly charts) are pretty powerful. I am watching this one on the EUR/JPY weekly. I wish I could go back further than 2007, I bet this channel is somewhere earlier as well.

Do you know of any way to get more history data? I have data going back to 1989 on the EUR/USD but only back to 2007 on all other pairs

Attached Image (click to enlarge)
Click to Enlarge Name: ej_020310.gif Size: 24 KB


Mike
Quoting xtensive
I like that channel a lot, I've noticed some of those major channels (daily and weekly charts) are pretty powerful. I am watching this one on the EUR/JPY weekly. I wish I could go back further than 2007, I bet this channel is somewhere earlier as well.

Do you know of any way to get more history data? I have data going back to 1989 on the EUR/USD but only back to 2007 on all other pairs

Attachment 408439

Mike
Hi Mike,
Increase Data depth.
Turn off chart "Auto Scroll"
Select H1 TF.
Press "Page Up" {repeatedly}
Attached Image (click to enlarge)
Click to Enlarge Name: bmc eurjpy weekly 5.gif Size: 40 KB


*EDIT* Mike, you apparently have your Max Bars in MT set high enough (EURUSD goes back a ways) but others may also be required to {in MT}...
Select "Tools"
Select "Options"
Select "Chart" tab
Set Max Bars in both Chart & History.
hth
Quoting Bemac
Hi Mike,
Increase Data depth.
Turn off chart "Auto Scroll"
Select H1 TF.
Press "Page Up" {repeatedly}
Attachment 408476
Awesome, thanks for posting that historical for the EJ. I had a feeling that was there...looks like the yen pairs are about to tell us something
Quoting xtensive
Awesome, thanks for posting that historical for the EJ. I had a feeling that was there...looks like the yen pairs are about to tell us something
Did you get the Data you wanted?
Do we have any allien here?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 46 KB
Quoting ricmi
Do we have any allien here?
Hey ricmi,
Grab a Chair & a Glass & I'll be over there shortly with some ICCE.
Interested in watching the reaction to 1.5800.

No aliens other than those of us that are Landed.
Just a years old observation I decided to share.
Hope it Adds.

BMc
Quoting Bemac
Did you get the Data you wanted?
For some reason I only get data for EUR/USD past 2007, I tried setting the bar maximum like you suggested, but I have a feeling it is my broker feed that is the limitation. I am going to switch Metatrader brokers and see if that helps. I only use MT4 for charting so no worries switching.

Mike
A nice ICCE trade

A Pinbar off of a round number confluenced with an ICCE fib and a great price flip. Out at 100% fib for 4.9R.

Better than sex.

.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 37 KB
I'm pretty much done with all this ...
Quoting StoragePro
A nice ICCE trade

A Pinbar off of a round number confluenced with an ICCE fib and a great price flip. Out at 100% fib for 4.9R.

Better than sex.

.
Good job SP. Your example reinforces my conviction that ICCE is now an Essential Tool. I used it all this week for defining "critical levels". especially when coincident with MA's, S/R, or other indicators I use. It just plain works.
Quoting TradeWell
Good job SP. Your example reinforces my conviction that ICCE is now an Essential Tool. I used it all this week for defining "critical levels". especially when coincident with MA's, S/R, or other indicators I use. It just plain works.
Mortal Lock!
I'm pretty much done with all this ...
ICCE:.
It's easier than you now think..
Over 1,100 replies @ FF & close to 88,000 views with {I didn't count} 1/2 a dozen regular posters.

It seems to me {or as "The Bard" would say... 'methinks'} most readers consider this Tool beyond thier current comprehension.
Believe me when i say;
It is not Difficult. I don't {though some may think so} have that clinical a mind. I've just been Trading for a while.

When I introduced ICCE to the Programming Community {without them, i wouldn't be posting this}, it was important to me that I gave them the Location of the Foundation.
{i build stuff and look at most projects as a series of stepping stones.}


This is an effort to fill in some blanks & remove the mystique for the User.

Let's Go:

ICCE is my bastard cousin of Fib Extension Re-tracements. Without the Re-.

Lost you already? it get's easier.

Have you ever plotted a Fib Extension?
What did you need to do so?
A Full Run High to Low or vice versa....

ICCE attempts to intercept it halfway. With That info it also attempts to advise you of Future S/R.

(pictures bill. they need pictures)

OK. Let's look at a Standard Fibonacci Retracement Plot on a Chart.
EURCHF WEEKLY to be precise.
Attachment 22700

What did you Need to Know before you could use it?
***NOTE*** I hope you noticed the Pin. at the LOW of the Standard Fib Base Line.

Pretty powerfull stuff there BUT did you notice what happened around the 50% mark of that same Standard Fibonacci Retracement Plot?

Compression! You may call it consolidation, i call it Compression. {the first 'C' of ICCE}
Remember that...
I = Intake: A Noteable Move by Bears or Bulls.
C = Compression: Resistance to that Move.
C = Combustion: A Winner & Release from the bounds of Compression by "ONE OR THE OTHER".
E = Exhaustion of the move.

I know this does not entirely explain ICCE.
As much as some Members (obviously) understand it but I believe I can still offer some milk on this.
Attachment 22701
Keep Thinking...
Another View.
ICCE:.
http://www.james16group.us/forums/at...1&d=1265669693
Over 1,100 replies @ FF & close to 88,000 views with {I didn't count} 1/2 a dozen regular posters.

It seems to me {or as "The Bard" would say... 'methinks'} most readers consider this Tool beyond their current comprehension.
Believe me when i say;
It is not Difficult. I don't {though some may think so} have that clinical a mind. I've just been Trading for a while.

When I introduced ICCE to the Programming Community {without them, i wouldn't be posting this}, it was important to me that I gave them the Location of the Foundation.
{i build stuff and look at most projects as a series of stepping stones.}


This is an effort to fill in some blanks & remove the mystique for the User.

Let's Go:

ICCE is my bastard cousin of Fib Extension Re-tracements. Without the Re-.

Lost you already? it get's easier.

Have you ever plotted a Fib Extension?
What did you need to do so?
A Full Run High to Low or vice versa....

ICCE attempts to intercept it halfway. With That info it also attempts to advise you of Future S/R.

(pictures bill. they need pictures)

OK. Let's look at a Standard Fibonacci Retracement Plot on a Chart.
EURCHF WEEKLY to be precise.
http://www.james16group.us/forums/at...1&d=1265669779

What did you Need to Know before you could use it?
***NOTE*** I hope you noticed the Pin. at the LOW of the Standard Fib Base Line.

Pretty powerfull stuff there BUT did you notice what happened around the 50% mark of that same Standard Fibonacci Retracement Plot?

Compression! You may call it consolidation, i call it Compression. {the first 'C' of ICCE}
Remember that...
I = Intake: A Noteable Move by Bears or Bulls.
C = Compression: Resistance to that Move.
C = Combustion: A Winner & Release from the bounds of Compression by "ONE OR THE OTHER".
E = Exhaustion of the move.

I know this does not entirely explain ICCE.
As much as some Members (obviously) understand it but I believe I can still offer some milk on this.
http://www.james16group.us/forums/at...1&d=1265669945
Keep Thinking... & Remember...
The ICCE Lines were generated by & Caculated at the Orange Box which was "Told: the Top of the Box ~ 52% & the Bottom ~ 47%.
My observation of Noise around the 50% value.
Just a little window into the future... perhaps...

So; In esscence, ICCE assumes the position of ~ 50% of a Fib Move.
It, by calc, attempts to indicate the remainder of the move BEFORE the second half of the move ends.




Posted by tiaforex
Appreciate your efforts here to really spell it out Bill.

Can you say a little about the diagonal lines, the time component?

Of course, I am only asking since you are in this vein of A-B-C explanation. The best answers always come from messing around with things on a chart. But I thought I'd take advantage of this new impetus from you (for which much gratitude)

xxxxx





Hi tiaforex ....

Diagonals:
3 Colours. One {the thick ORANGE one} cuts through the Heart of the Box & Indicates The Predicted Trend in a Stable Continuation.
Deviation from this Line Indicates Power Slowing OR Increasing.
These Diagonals {you can control how many via user input} should have some Credibility in History. You can also invert them depending on most recent Trend, which I like to do to confirm Box Size & Location. If they don't fit, then the "Box" may require to be manually adjusted. {Sounds like curving but if you try it, I think you will agree with me.}
http://www.james16group.us/forums/at...1&d=1265683915
Sometimes this requres Extending the Current Channel's Box Beyond Today's Date. This may Indicate a Channel Continuation.

Gonna try to upload My Adjusted ICCE. Never done that before so here we go... Hope it Works.

Bemac Adjusted ICCE .ex4

The Point Being that Perhaps The most Recent {even Current} Consolidation Release is Indicated by the Range From Compression to Exhaust.
Quoting Bemac
It is not Difficult.
ICCE is my bastard cousin of Fib Extension Re-tracements. Without the Re-.

Have you ever plotted a Fib Extension?
What did you need to do so?
A Full Run High to Low or vice versa....

ICCE attempts to intercept it halfway. With That info it also attempts to advise you of Future S/R.

(pictures bill. they need pictures)

OK. Let's look at a Standard Fibonacci Retracement Plot on a Chart.
EURCHF WEEKLY to be precise.


Pretty powerfull stuff there BUT did you notice what happened around the 50% mark of that same...
I really haven't read into this at all and this is essentially one of the first things I read about it, but...

Isn't it a bit like saying "If I get a 50% retracement and go from there, I can expect a move towards the 138.2% fib extension"?
(I.e. move 38.2% past the last swing low in your example)

Not sure where the predictive part starts or comes sooner than when just drawing a manual fib. I would think that in the end for me to even start looking for a target would be the confirmation that the move off of the 50% retracement has actually begun, i.e. the retracement(your I), setup (the first C, compression) and then trigger (your 2nd C, combustion) need to happen, before I can start looking for a viable target / endpoint(your E, exhaustion), which in my normal expectations would be first the prior low, then those extensions and / or s/r etc.

I think what I am trying to ask is, except for when I do it, it's me drawing things manually and using static assumptions vs this indicator calculating things on the fly and using variable inputs i guess, what's the difference to a retracement setup and plotting a wave target / expansion / assuming an extension target?
Or is that basically exactly what it's trying to do, just in an indicator?
Trust price. Know yourself.
Quoting SeekingLight
I really haven't read into this at all and this is essentially one of the first things I read about it, but...

Isn't it a bit like saying "If I get a 50% retracement and go from there, I can expect a move towards the 138.2% fib extension"?
(I.e. move 38.2% past the last swing low in your example)

Not sure where the predictive part starts or comes sooner than when just drawing a manual fib. I would think that in the end for me to even start looking for a target would be the confirmation that the move off of the 50% retracement has actually begun,...
The previous examples given were, although still active, historical to show the comparison between a Standard Fib Ext & ICCE.

Standard Fib:
Attached Image (click to enlarge)
Click to Enlarge Name: bmc gbpjpy std fib daily 1.gif Size: 25 KB


ICCE:
Attached Image (click to enlarge)
Click to Enlarge Name: bmc gbpjpy icce fib daily 1.gif Size: 29 KB
Quoting SeekingLight
...Not sure where the predictive part start....
My view: ICCE is not so much of a predictive tool. For me it is more of an additional tool to help define critical levels and potentiality. A regular fib can tell you about retracements and extensions of a move but only after the move has happened. ICCE helps you deal with an initial move. I do not use ICCE for primarily determining an entry, though it can help.

This is all my perspective. I think the best way to understand it is to practice with it. You can do this on the M1 or M5 to get some live experience. You will then find your own comfort level with it.
Quoting TradeWell
My view: ICCE is not so much of a predictive tool. For me it is more of an additional tool to help define critical levels and potentiality. A regular fib can tell you about retracements and extensions of a move but only after the move has happened. ICCE helps you deal with an initial move. I do not use ICCE for primarily determining an entry, though it can help.

This is all my perspective. I think the best way to understand it is to practice with it. You can do this on the M1 or M5 to get some live experience. You will then find your own...
Like this one?
Attached Image (click to enlarge)
Click to Enlarge Name: bmc usdjpy icce fib m1 1.gif Size: 29 KB
Tough to see but my TP on Minimum Lots (0.10 Lots) is set back at the "Top" of the Channel. 89.66.
After all, this is just an exercise.
Attached Image (click to enlarge)
Click to Enlarge Name: bmc usdjpy icce fib m1 2.gif Size: 28 KB

I know it's not NASA Science but it does help put PA Numbers on a Trade.
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