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ICCE. Bemac's Fib. Reverse Engineered

  • #1,501
  • Jun 24, 2011 7:47am Jun 24, 2011 7:47am
Quoting Bemac
Cool H,bhi. I'm not disagreeing. Hopefully only Adding.

Not sure if I posted this Chart on this side. Weekly GBPUSD. ScrSht taken July 26 2010. Almost a year ago.
Attachment

Here's how it looks now. June 23 2011
Attachment

Interesting... Hmmm... Don't you think



B
If Weekly close below , should be a good ride down.Else range for somemore time.

The battle zone in the chart will be key ,make or break.
  • #1,502
  • Edited 7:08am Jun 27, 2011 5:30am | Edited 7:08am
I am back after journeying the J16 methodology and indeed after doing my tour of the PF & the FF thread.

I sort of put ICE on a back burner while I was getting my head or rather trying to get my head together with PA and S&R.

Anyway, I feel things are a lot clearer in the above mentioned areas and I have become more interested in ICE after Jarroo has kindly been teaching me about the Highest Close of Resistance & Lowest Close of support in ranges on the weekly TF, and I feel the timing is right to give ICE another look at.

It is kind of hard to find the basic methodology in this thread as it seems to start before Bemac finally got the ice indicator together.

So, I would like to ask a few questions if possible.

First off, I have the indicator drawn on the highest close of resistance in this consolidation, and the lowest close of support in this box.

That I can figure out, what I am not sure of is, the left and right vertical parameters.
Are these drawn correctly or do I need to move them in one candle?

I may well be wrong here, but at first glance, it appears that the horizontal lines projected as sort of PPZ taken from this single consolidation area?

Is this so or am I totally off the mark?

I will leave it here for now, too many questions and it gets confusing.

Thanks in advance.

Steve

PS: I changed the chart to EUR/AUD as last week I took the BEOB daily bar and rode it for a couple of hundred pips or so, when I saw an early entry to the weekly PB. After putting bemac's indicator on the chart and looking back at that entry, I can clearly see the Genius behind Bemac's work here.

I just heard Bemac say how he doesn't really see the charts as candles but more like a battlefield between the bulls & bears.
Thinking about this, it seem like Bemac drew out a football pitch with this indicator, clearly showing us the goals, midfield line, defense lines and goal areas. Simply brilliant. I guess the only subjectivity is, which range to use.
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  • #1,503
  • Jun 27, 2011 12:24pm Jun 27, 2011 12:24pm
Quote
I am back after journeying the J16 methodology and indeed after doing my tour of the PF & the FF thread.



First off, I have the indicator drawn on the highest close of resistance in this consolidation, and the lowest close of support in this box.
Closes , good.
Box.....thats more subjective

Quote
That I can figure out, what I am not sure of is, the left and right vertical parameters.
Are these drawn correctly or do I need to move them in one candle?
Begining and end of box....ah yes but thats subjective...I allow my self wiggle room to include or exclude entry and exit candles. Look to position of diags particularly gold central ones to confirm correct placement

Quote
I may well be wrong here, but at first glance, it appears that the horizontal lines projected as sort of PPZ taken from this single consolidation area?
If a man is alone in the woods is he still wrong?
Don't be surprised if horizontals do that its further confirmation.

Quote
Is this so or am I totally off the mark?
Looking good compared to most. Just bear in mind it is possible to draw many boxes and most will look quite good, some however will have a beyond the wow factor.
I have developed my own strict 'Box' criterion and it has yielded certain perspectives , unravelled the story of consolidations and advances/retreats. Because I am looking for a 'perfect box' they only appear rarely and therefore yield a story....
Our venarable friend has blessed us with a tool fit for kings in a world of knaves and cutthroats. I, and I would expect no less from yourself are going to take this tool and sharpen it for our families benefit however I for one no longer feel comfortable sharing openly at FF so will be happy to continue in the comfort of the pf lounge.
Thanks for posting though I had not researched euro aud in depth ICCE wise.
I have only one unusually large wkly box proceeded by what i percieve as the governing daily box. Couple of daily possibles but within past action and then a fairly new daily box just where i would expect a reassessment zone. Indi only on daily(new name) and wkly box. Blue gann grid on most recent box.

Quote
I just heard Bemac say how he doesn't really see the charts as candles but more like a battlefield between the bulls & bears.
I guess the only subjectivity is, which range to use.
Subjectivety is the rabbit hole..find your objectivety by triangulation you need more than 1 OP(observation post) to accurately hit your target.
Enjoy
Peace
SS
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GOD IS NOT SHORT OF CASH
  • #1,504
  • Jun 27, 2011 5:43pm Jun 27, 2011 5:43pm
I'm sure that more than a few of you, like me, frequent Other Charting Forums.

I have a wish.
If you ever come across this Indicator "For Sale" at any of those sites; Please feel welcome to post that it is available Here for FREE.with > 1,400 Posts including a Bunch by the Author.

I Like FF. They have never done me wrong. If you think someone is going to be suckered in so that anyone else can 'Take them' for a few Green by selling the ICCE concept, Point them here.

Remember. That may just be enough to get you Infractioned Out of that website.

^2U

B
  • #1,505
  • Jun 27, 2011 5:57pm Jun 27, 2011 5:57pm
Quoting Pinbar
I am back after journeying the J16 methodology and indeed after doing my tour of the PF & the FF thread.

I sort of put ICE on a back burner while I was getting my head or rather trying to get my head together with PA and S&R.

Anyway, I feel things are a lot clearer in the above mentioned areas and I have become more interested in ICE after Jarroo has kindly been teaching me about the Highest Close of Resistance & Lowest Close of support in ranges on the weekly TF, and I feel the timing is right to give ICE another look at.

It is kind of hard...
PB... You probably have no clue how good that made me feel. Particulary the *Edit*

ICCE, for me started more than a decade ago. That would have been a Lonnnngggg time to spend on somthin' that aint worth nothin'
Nice to hear it is still opening windows with a view.

Swami does construct The Box differently from me. That's true. (Don't tell him I copied His method too and use them both. I also incorporate Enigma's version.) But, from what I can gather, it seems that if you work with it? You can Mould it to your style. I'm OK with that. In fact. I'm Happy about that.

My Original Box Always Encompassed All Closes. ie. No Closes Outside The Box. I have grown more soft on that aspect recently.

Clue:
How to Locate The Box?
One way is to Draw Major Trendlines.
When you see a TL pass through a Compression period as a Diagonal... It Just Might be Golden.

B
  • #1,506
  • Jun 27, 2011 7:42pm Jun 27, 2011 7:42pm
Quoting Swami S
Closes , good.
Box.....thats more subjective

Begining and end of box....ah yes but thats subjective...I allow my self wiggle room to include or exclude entry and exit candles. Look to position of diags particularly gold central ones to confirm correct placement

If a man is alone in the woods is he still wrong?
Don't be surprised if horizontals do that its further confirmation.

Looking good compared to most. Just bear in mind it is possible to draw many boxes and most will look quite good, some however will have a beyond the wow factor.
I have...

Many thanks Swami.

I shall take a little while to digest this.
  • #1,507
  • Jun 27, 2011 8:43pm Jun 27, 2011 8:43pm
Quoting Bemac
PB... You probably have no clue how good that made me feel. Particulary the *Edit*

ICCE, for me started more than a decade ago. That would have been a Lonnnngggg time to spend on somthin' that aint worth nothin'
Nice to hear it is still opening windows with a view.

Swami does construct The Box differently from me. That's true. (Don't tell him I copied His method too and use them both. I also incorporate Enigma's version.) But, from what I can gather, it seems that if you work with it? You can Mould it to your style. I'm OK with that. In fact....
Appreciate your input Bemac.

Hey, just remembered, what was the project in Harbin?

As the novice, I am looking for a logical method of selecting the consolidation area & just discovered that not always, bigger is best, it appears that as Bemac kindly pointed out, a good TL with at least 3 hits, seems to be effective.
Looking at USD/CHF I initially used the much bigger consolidation area on the left in the red box ( second chart), however, it seemed to have not so much importance to where price currently is. This may be the time factor or it may be something else.
Searching for the right consolidation area, makes me fear that I may be curve fitting with this current box. Hmm, this is indeed interesting.

Here is my reasoning on choosing this box.
Any kicks in the butt, warmly welcome.


PS: Wooooo what happened to the first chart I uploaded, note how it is cut up and displaced.
The very same thing was happening while I was in Japan, just before the Big earthquake hit us, and drove me and my Chinese wife back to Harbin after 28 years in Japan.
Kind of freaks me out, one theory is that the earthquakes effect the transmission of undersea lines.
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  • #1,508
  • Jun 27, 2011 8:55pm Jun 27, 2011 8:55pm
Quoting Pinbar
Appreciate your input Bemac.

Hey, just remembered, what was the project in Harbin?

As the novice, I am looking for a logical method of selecting the consolidation area & just discovered that not always, bigger is best, it appears that as Bemac kindly pointed out, a good TL with at least 3 hits, seems to be effective.
Looking at USD/CHF I initially used the much bigger consolidation area on the left in the red box ( second chart), however, it seemed to have not so much importance to where price currently is. This may be the time factor or it may...
Allowing for a Swami Box in the last chart you posted...
Well Done.
See... It's realy simple if you get the foundation.

Pinbar. I offer this ICCE arrow for your quiver.

B
  • #1,509
  • Jun 27, 2011 8:56pm Jun 27, 2011 8:56pm
Quoting Pinbar
Appreciate your input Bemac.

Hey, just remembered, what was the project in Harbin?

As the novice, I am looking for a logical method of selecting the consolidation area & just discovered that not always, bigger is best, it appears that as Bemac kindly pointed out, a good TL with at least 3 hits, seems to be effective.
Looking at USD/CHF I initially used the much bigger consolidation area on the left in the red box ( second chart), however, it seemed to have not so much importance to where price currently is. This may be the time factor or it may...
Harbin... Initial Project was Yimyanpo New Brewery... They biult a concrete Highway for us. (of course; we are done but the highway still exists.) simple really. when you think of it. Let's do that. I mean Think of it. Whatever "IT" is EUR UP? CHF STILL UP?... Let's think...


B
  • #1,510
  • Jun 27, 2011 9:55pm Jun 27, 2011 9:55pm
Quoting Bemac
Harbin... Initial Project was Yimyanpo New Brewery... They biult a concrete Highway for us. (of course; we are done but the highway still exists.) simple really. when you think of it. Let's do that. I mean Think of it. Whatever "IT" is EUR UP? CHF STILL UP?... Let's think...


B

The first arrow in the Quiver, better make good use of it.

Thanks Bemac.
  • #1,511
  • Jun 27, 2011 10:31pm Jun 27, 2011 10:31pm
Looking at this BUEOB on EU, I think if it can break, we may hit the 1.44500 area and possibly the 1.4500

Not that I am using the arrow on this one.
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  • #1,512
  • Jun 28, 2011 2:49pm Jun 28, 2011 2:49pm
Quoting aserbfx
gbp/nzd
10 weeks later. and at the next support. bounce already happened. will it hold?
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meine augen sind die sterne
  • #1,513
  • Jun 28, 2011 7:42pm Jun 28, 2011 7:42pm
Quoting aserbfx
10 weeks later. and at the next support. bounce already happened. will it hold?
You are totally having just way too much fun with this. Sit Down & don't look at ICCE for Two Weeks.

How does THAT sound.


LOL

B
  • #1,514
  • Jun 29, 2011 7:19am Jun 29, 2011 7:19am
Quote
Here is my reasoning on choosing this box.
Any kicks in the butt, warmly welcome.
So close to mine I had to show. got mine off daily though+
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GOD IS NOT SHORT OF CASH
  • #1,515
  • Jun 29, 2011 7:38am Jun 29, 2011 7:38am
Quoting Pinbar
...

As the novice, I am looking for a logical method of selecting the consolidation area & just discovered that not always, bigger is best, ......
Try changing you Chart from Candles to "Line Chart". You can change it back after you have located the Box.

B
  • #1,516
  • Jun 29, 2011 7:46am Jun 29, 2011 7:46am
Quoting Pinbar
...
The very same thing was happening while I was in Japan, just before the Big earthquake hit us, and drove me and my Chinese wife back to Harbin after 28 years in Japan.
Kind of freaks me out, one theory is that the earthquakes effect the transmission of undersea lines.
Spent some time in Osaka & Kyoto too. Loved it. I think Kyoto's Temples easily compare to "The Forbidden City".

No clue what happened to your chart.

B
  • #1,517
  • Jun 29, 2011 2:52pm Jun 29, 2011 2:52pm
Quoting aserbfx
eur/gbp arrived at the 150%...
nice confluence with the big figure 0.9000
history repeating????
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meine augen sind die sterne
  • #1,518
  • Jun 29, 2011 11:23pm Jun 29, 2011 11:23pm
Quoting Swami S
So close to mine I had to show. got mine off daily though+
Thanks for the input Swami, greatly appreciated along with Bemac's.

I understand that the weekly consolidation boxes will have more power behind them but, I am currently thinking that perhaps the Daily TF boxes may localize things a little more.

Still, trying this out.
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  • #1,519
  • Jun 29, 2011 11:27pm Jun 29, 2011 11:27pm
Quoting aserbfx
history repeating????
Hey, Aser

I see you have got the hang of this thingymajig.

Good for you.!

Any pointers or criticism greatly welcomed.
  • #1,520
  • Jun 29, 2011 11:30pm Jun 29, 2011 11:30pm
Quoting Pinbar
Thanks for the input Swami, greatly appreciated along with Bemac's.

I understand that the weekly consolidation boxes will have more power behind them but, I am currently thinking that perhaps the Daily TF boxes may localize things a little more.

Still, trying this out.
Float yer boat.
I'm still chewing on this one.


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B
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