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ICCE. Bemac's Fib. Reverse Engineered

  • #1,221
  • Oct 11, 2010 11:07am Oct 11, 2010 11:07am
OK...
EURUSD:range took place for many hours this morning
I setup the box according to:
1.3963
1.3985
S/R worked fine... and the new target is 1.3800
We'll see...
  • #1,222
  • Oct 11, 2010 12:04pm Oct 11, 2010 12:04pm
Quoting Bemac
Hey Guys, I just popped in to see if anything around here had changed. From the few threads I have read it would appear not but since I am here at the moment I thought I would post this.

Potential Long for a 400P Gain {~1.3800} with Hesitation ~ 200P {~1.3550}Gain

Attachment

Take care Guys

B.
Well I'm glad you did as seeing your name up in the Active Threads made me take a look at your post, and then your thread and the earlier one too - yes all 100+ pages before I'll consider making a post.

Wow guys - what a little gem Bill has shared with you and then some great work from many respected FF members to produce a workable indy - just wish I'd discovered it earlier.

Thanks for thinking outside of the box - an open invitation to groan - and for sharing your idea.....

Cheers

Islander
Trading Levels with WRBs
  • #1,223
  • Oct 11, 2010 12:09pm Oct 11, 2010 12:09pm
Quoting namasteparis
OK...
EURUSD:range took place for many hours this morning
I setup the box according to:
1.3963
1.3985
S/R worked fine... and the new target is 1.3800
We'll see...
Agreed - Tokio closed, NY too soo only the usual London Open activity and now London close too. Was this your set-up?
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Trading Levels with WRBs
  • #1,224
  • Oct 11, 2010 3:02pm Oct 11, 2010 3:02pm
1.3800 may well be in the cards but gonna be kinda bloody before it gets there. Play this one Tight as I think there could be a Push toward 1.3920 before it Exhausts.
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  • #1,225
  • Oct 12, 2010 3:21am Oct 12, 2010 3:21am
Well, Islander, I hope you took it too!
Again, disco tonight!
And another bottle of champagne for Bemac
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  • #1,226
  • Edited 4:49am Oct 12, 2010 4:18am | Edited 4:49am
Quoting namasteparis
Well, Islander, I hope you took it too!
Again, disco tonight!
And another bottle of champagne for Bemac
....for now, the low is at the S2 / 3775 confluence and IMO finished for the European morning.

However, with the 20 day ADR currently at 128 pips and todays range so far 110 pips, I'm expecting the US traders to push price down to at least hit that red 0.00% line at 3761.....TWT
Trading Levels with WRBs
  • #1,227
  • Oct 12, 2010 7:40am Oct 12, 2010 7:40am
Nice One Guys.

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Lower Indies are MACD and Stoh/RSI
  • #1,228
  • Oct 12, 2010 11:13am Oct 12, 2010 11:13am
@Bemac, Islander,
Sorry, I know it's not the subject here, but what HrsChoiceTzFromGMT value do you use to calculate pivot points? +1 for midnight London?
I tried with the starting day of London (futures) at 7am London time, which is a -6 value for HrsChoiceTzFromGMTand it works fine.
Which one is the MOST USED by worldwide traders? I can find many different opinions on internet
  • #1,229
  • Oct 12, 2010 2:10pm Oct 12, 2010 2:10pm
Quoting namasteparis
@Bemac, Islander,
Sorry, I know it's not the subject here, but what HrsChoiceTzFromGMT value do you use to calculate pivot points? +1 for midnight London?
I tried with the starting day of London (futures) at 7am London time, which is a -6 value for HrsChoiceTzFromGMTand it works fine.
Which one is the MOST USED by worldwide traders? I can find many different opinions on internet

Many use the NY close at 5pm est for their daily pivots and I find these work well.

Today, the low in € was at S2, the low in cable close to its S3, Swissy's high at MR3 etc, all working off NY close.
Trading Levels with WRBs
  • #1,230
  • Oct 12, 2010 2:50pm Oct 12, 2010 2:50pm
Is this what they term "A Day Late & a Dollar Short" ? lol

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Indies Reloaded for Southern Exposure. Watch PA for Opportunity within 10-20 bars

Gonna open a NEW Thread for Discussion on ICCE Timing.
As a matter of Fact, I would prefer an ICCE proponent to Open that thread. I suspect it would be popular & not sure I can commit the time required.
Anyone want to Open that Thread?
Please PM me.

I don't have a Timeline Answer so I'll be a Student.
Don't want to tangent This Thread.
  • #1,231
  • Oct 12, 2010 2:58pm Oct 12, 2010 2:58pm
this is just crazy.
look where the price found its low. right at the 23.61%. honestly, i didn't adjust the box to it.

now after the breakout,first target is now 153 usd.
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meine augen sind die sterne
  • #1,232
  • Oct 12, 2010 3:45pm Oct 12, 2010 3:45pm
Quoting aserbfx
this is just crazy.
look where the price found its low. right at the 23.61%. honestly, i didn't adjust the box to it.

now after the breakout,first target is now 153 usd.
Shhhh... Don't tell anyone.
LOL
It's N ICCE but not infalleable, Please don't Trade unless your safety net is in place.
Also Study J16's Public side to assist on Timing Entry/Exit.

BUT. Yeah. that's kinda how I felt when I first understood it was real. ; )
  • #1,233
  • Oct 12, 2010 3:47pm Oct 12, 2010 3:47pm
Quoting aserbfx
this is just crazy.
look where the price found its low. right at the 23.61%. honestly, i didn't adjust the box to it.

now after the breakout,first target is now 153 usd.
Watch Inds for Timing Helpers.
Yours suggest Retrace & Retest. Wait until you see the whites of thier eyes. lol
  • #1,234
  • Oct 12, 2010 5:11pm Oct 12, 2010 5:11pm
Quoting Islander
Many use the NY close at 5pm est for their daily pivots and I find these work well.

Today, the low in € was at S2, the low in cable close to its S3, Swissy's high at MR3 etc, all working off NY close.

OK, thanks for your answer. I'll test this from tomorrow.
  • #1,235
  • Oct 13, 2010 9:19am Oct 13, 2010 9:19am
here's one I've been playing with
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  • #1,236
  • Oct 14, 2010 2:21pm Oct 14, 2010 2:21pm
EURUSD: Range took place for many hours
box set according to past also, and S/R fit perfectly
box setup: 1.4097 and 1.4064
next target: 1.3817 or 1.4344
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  • #1,237
  • Oct 15, 2010 3:33am Oct 15, 2010 3:33am
S/R worked fine last night.
EURUSD broke out range 10mn ago
TP should be up -> 1.4344
We'll see...
  • #1,238
  • Edited 2:41pm Oct 15, 2010 3:44am | Edited 2:41pm
Quoting namasteparis
S/R worked fine last night.
EURUSD broke out range 10mn ago
TP should be up -> 1.4344
We'll see...
Well, it seems that it'll be the other way down...->1.3817 ???
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  • #1,239
  • Oct 18, 2010 1:24am Oct 18, 2010 1:24am
TP 1.3817 is approaching...
For those who are confortable with options, ICCE is nice to play with butterfly option set. I initiate an option (EURUSD option FED@FTA) set as soon as I see a range, and a nice ICCE box. Then whatever the PA is going up or down, I close the option set when PA reaches one of the two TP.
In this case, I'll close my option set when EURUSD will reach 1.38205 (forget about the 3,5 pips...). Money guaranteed.
  • #1,240
  • Oct 19, 2010 5:10am Oct 19, 2010 5:10am
Hey guys, I am a J16 PF member and Bemac kindly setup his chart for me to copy on my MT4, on the PF.
I also posted this in the PF but I don't think there are many people using this over there, probably got scared off by all the lines, as I did originally.

I did this and set it up and posted in the PF forum my chart which is as below.

However, I still have a few questions, I understand that we are still using J16 PA with this indicator, but I am not sure how we determine how to set the box up.
I mean, it looks like we are setting it up at the left, right, top & bottom of a range. Is this the case, we find consolidation and set it up there?

Also, what are the diagonal lines, they appear to be sort of like diagonal PPZ?

This is the chart on USD/CHF that Bemac showed me.


Thanks in advance
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