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ICCE. Bemac's Fib. Reverse Engineered

  • #1,141
  • Feb 9, 2010 12:53pm Feb 9, 2010 12:53pm
Now I'm watching the, apparent, rejection of the Bottom of the Channel. This may require "Capital Preservation Intervention". {a nice way of saying "Take The Loss Buddy." take the Minimal Loss.} I'm still in the Long Boat looking for my TP.
  • #1,142
  • Feb 9, 2010 1:03pm Feb 9, 2010 1:03pm
Done. TP hit @ 89.660.
Made a pip or 2 but that's not what this is about.
It's about having some sort of understanding of Potential gains that you can compare to Potential Risk.
It's about giving you the access to Bullits for your gun. {hopefully you have advanced to the point that you carry a Sniper's Rifle.}
It's about Increasing Cargo.
It's wierd & Outside but... It may just be a usefull tool for you.
  • #1,143
  • Feb 9, 2010 2:10pm Feb 9, 2010 2:10pm
Quoting Bemac
Done. TP hit @ 89.660.
Made a pip or 2 but that's not what this is about.
It's about having some sort of understanding of Potential gains that you can compare to Potential Risk.
It's about giving you the access to Bullits for your gun. {hopefully you have advanced to the point that you carry a Sniper's Rifle.}
It's about Increasing Cargo.
It's wierd & Outside but... It may just be a usefull tool for you.
Should I be hard on myself for leaving a Few Pips on the Table?
Not a Chance. Just think yourself Lucky I didn't grab them from You & I'll think myself fortunate for grabbing some.

Note** I played this Trade with Minimal Lot Size.
It, initially, went against me.
Had I Played Max Lot Size, I may have been thrown into panic but it was just a little dabble so I could sustain the DD.
Added 12 + Pips to my Cargo Hold.
I'll take it...
Just an update on how it moved...
Attached Image (click to enlarge)
Click to Enlarge Name: bmc usdjpy icce fib m1 5.gif Size: 35 KB
  • #1,144
  • Edited 4:26pm Feb 9, 2010 4:24pm | Edited 4:26pm
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.

Rubbish, but Yes, Central Banks

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?)

I have over 15 years experience of dealing in the interbank mkt as a broker, this statement is not correct. The banks act independently,......
Crap. One of my biggest accounts was a major japanese bank, who most definitely scalped, and he got very wealthy off it, not hard to when your average punt size is 5-10million, 3 or 5 pips will do nicely.
[b]They consume only the underprepared, ignorant wannabe traders.


This is not meant to be detrimental, but to give a guide as to the big boys.
  • #1,145
  • Feb 9, 2010 5:12pm Feb 9, 2010 5:12pm
Quoting pianosax12
Crap. One of my biggest accounts was a major japanese bank, who most definitely scalped, and he got very wealthy off it, not hard to when your average punt size is 5-10million, 3 or 5 pips will do nicely.
[b]They consume only the underprepared, ignorant wannabe traders.


This is not meant to be detrimental, but to give a guide as to the big boys.
It's all Info that we can utilize.
I would really like to offer you a venue to expound on your experiences as a Brokir Bank Trader. Please, feel free to continue.

Seriously. Please continue.
It's not a trap & I will endevour to moderate any moves toward such.

I guess it comes down to some sort of Trust level.
I can only hope I qualify.

BMc
Why would I assume my assumptions are correct.
  • #1,146
  • Feb 9, 2010 8:19pm Feb 9, 2010 8:19pm
Here's a new one, though it is still subject to change.
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  • #1,147
  • Feb 9, 2010 10:48pm Feb 9, 2010 10:48pm
Quoting TradeWell
Here's a new one, though it is still subject to change.
50 Pip (less Spread) on a Break either way. Up or Down.
Looks interesting to me.
  • #1,148
  • Feb 10, 2010 9:15am Feb 10, 2010 9:15am
Update from this post. Looks like more downside potential.
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  • #1,149
  • Feb 13, 2010 11:50am Feb 13, 2010 11:50am
Here's a newer channel.
Attached Image (click to enlarge)
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  • #1,150
  • Feb 13, 2010 8:51pm Feb 13, 2010 8:51pm
Dear Bemac, and all


I am silently follow this thread, and read from begin to now.
Just want to say thank you for your effort on this thread.
Definitely help us beginner to see where S&R on next swing.

Will try to join and hopefully continuation of this thread.

FunPip
  • #1,151
  • Feb 14, 2010 10:09am Feb 14, 2010 10:09am
Hi,

what do you think is the better compression zone? I think it's the green rectangle.
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  • #1,152
  • Feb 14, 2010 11:53am Feb 14, 2010 11:53am
Quoting MCFly
Hi,

what do you think is the better compression zone? I think it's the green rectangle.
I think you are close. I can see it better on the H4. You need to use the fib tool to see if it makes sense with recent prices.
Attached Image (click to enlarge)
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  • #1,153
  • Feb 15, 2010 2:46am Feb 15, 2010 2:46am
Quoting TradeWell
I think you are close. I can see it better on the H4. You need to use the fib tool to see if it makes sense with recent prices.
Hi Tradewell,

honestly I have only read some post by bemac and not the whole thread. Can you explain me what you mean when you say I need to use the fib tool? Do you mean I have to adjust the diagonal lines so that they match with highs and lows? Or do you mean I must use bemac's indicator and fibs together?
  • #1,154
  • Feb 15, 2010 8:40am Feb 15, 2010 8:40am
Quoting MCFly
Hi Tradewell,

honestly I have only read some post by bemac and not the whole thread. Can you explain me what you mean when you say I need to use the fib tool? Do you mean I have to adjust the diagonal lines so that they match with highs and lows? Or do you mean I must use bemac's indicator and fibs together?
Hey McFly, you gave been around long enough to know that you need to do the reading to get the knowledge. That said, I am posting here is the indicator developed by the fabulous MissPips to help you plot the fib lines you will need. However, it will be worthless to you if you don't read about the whys and wherefors and if you don't have the rest of the trading knowledge and experience to trade in the first place. Think of ICCE as part of a complete package.
  • #1,155
  • Feb 15, 2010 9:09am Feb 15, 2010 9:09am
Quoting TradeWell
Hey McFly, you gave been around long enough to know that you need to do the reading to get the knowledge. That said, I am posting here is the indicator developed by the fabulous MissPips to help you plot the fib lines you will need. However, it will be worthless to you if you don't read about the whys and wherefors and if you don't have the rest of the trading knowledge and experience to trade in the first place. Think of ICCE as part of a complete package.
Yes it would be the best when I read the whole thread.
  • #1,156
  • Feb 16, 2010 9:21pm Feb 16, 2010 9:21pm
Hi everyone.

My first chart here

I am using old box range here...
It's interesting that based on old box (29 Dec-30 Dec 2009), every price looks confluence on its place for resistance and support.

If this correct, so I guess at the moment GBPUSD will back to its range 1.5857 - 1.59100.

Appreciate for your comment on my chart.

Happy Trading
Attached Image
  • #1,157
  • Edited 10:48pm Feb 16, 2010 10:37pm | Edited 10:48pm
Quoting funpip
Hi everyone.

My first chart here

I am using old box range here...
It's interesting that based on old box (29 Dec-30 Dec 2009), every price looks confluence on its place for resistance and support.

If this correct, so I guess at the moment GBPUSD will back to its range 1.5857 - 1.59100.

Appreciate for your comment on my chart.

Happy Trading
Nice one funpip. That's an excellent observation.
Just 'cause it's Old don't mean it's dead.

I can see that, without knowing how to post a chart, you know how to read one.
I'm going to post a link on how to "Attach a Chart."

http://www.forexfactory.com/showpost...stcount=183098

Right now I'm playing off of this...
GBP/USD Daily...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #1,158
  • Feb 17, 2010 8:18am Feb 17, 2010 8:18am
Thanks Bemac,
Now I know how to attach the chart.

Your two charts with trend lines are make sense to me.
I am monitoring GBPUSD too. can't wait to see where it's going to now.

Goodluck.
  • #1,159
  • Mar 2, 2010 4:46pm Mar 2, 2010 4:46pm
My first long term trade using V3 and 2 MA.Incredible.SL and TP was hidden.
Attached Image (click to enlarge)
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  • #1,160
  • Mar 2, 2010 5:08pm Mar 2, 2010 5:08pm
Quoting ricmi
My first long term trade using V3 and 2 MA.Incredible.SL and TP was hidden.
Very nice.

Just out of curiosity and edification, how did you determine an entry? I stick to PA myself.
I'm pretty much done with all this ...
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