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  • #1,641
  • Nov 2, 2011 8:48pm Nov 2, 2011 8:48pm
Cool Mungle. On a number of fronts you did what a Trader would do & you Added Cargo to your chest. Objective 1 Complete.

I want to be here @ FF as often as I can but... whatever...
Any ICCE Questions? I really want to reach those that May be thinking...
"I don't have enough 'seniority' to ask or take board space...".
If you are a Member then YOU Qualify.
Grab it while you can.
B
  • #1,642
  • Nov 3, 2011 7:14pm Nov 3, 2011 7:14pm
Quoting Bemac
Cool Mungle. On a number of fronts you did what a Trader would do & you Added Cargo to your chest. Objective 1 Complete.

I want to be here @ FF as often as I can but... whatever...
Any ICCE Questions? I really want to reach those that May be thinking...
"I don't have enough 'seniority' to ask or take board space...".
If you are a Member then YOU Qualify.
Grab it while you can.
B
Has anyone ever posted a basic, description of the setup & usage of this indicator? It seems not and whenever I ask, I get some cryptic reply which really does not help much.
Guess, this is the nature of this thread and probably the main reason that there are so few people posting. Perhaps that is what Bill wants. Who knows.
  • #1,643
  • Nov 3, 2011 7:40pm Nov 3, 2011 7:40pm
Quoting Pinbar
Has anyone ever posted a basic, description of the setup & usage of this indicator?
I was caught up trolling through the thread looking for exactly that, but now realise Bemac wants me to learn by doing (correct me if I am wrong).

Put very simply, what I think is that you use the indicator to select past areas of compression and play with the indicator levels until the resulting fibs and trendlines line up with the price action since the time of compression. This can then be used as a guide for future possible turning points/stumbling blocks.

Some guidelines would be helpful (eg all closes must be within the box etc, and maybe suggestions of when those rules can be broken), but then again maybe I will eventually work them out for myself, or work out rules that suit me particularly.....?????

This may be way oversimplified, please tell me if I am completely off track - I think I have been trying to make it more complicated than it really is because I have had trouble accepting that something so effective could be so simple!!

I am still trying to master the J16 methodology so am currently plotting ICCE's without that, but this weekend is booked up for study and charting so that I can load Bemac up with Qs before he disappears (which I selfishly hope is not for a while yet!!). All of this is taking quite a bit of "unlearning" as I have previously traded mainly on fundamentals so it has taken some convincing that technicals alone can be so strong!

Again please let me know if I am barking up the wrong tree, I keep thinking there must be something complicated that I am missing, but maybe I am just reaping the benefits of all the work that Bemac and the programmers & contributors have put in
  • #1,644
  • Nov 3, 2011 8:22pm Nov 3, 2011 8:22pm
Q PB ...Has anyone ever posted a basic, description of the setup & usage of this indicator? It seems not and whenever I ask, I get some cryptic reply which really does not help much.
Guess, this is the nature of this thread and probably the main reason that there are so few people posting. Perhaps that is what Bill wants. Who knows....
End Q PB...


Quoting CathS
I was caught up trolling through the thread looking for exactly that, but now realise Bemac wants me to learn by doing (correct me if I am wrong).

Put very simply, what I think is that you use the indicator to select past areas of compression and play with the indicator levels until the resulting fibs and trendlines line up with the price action since the time of compression. This can then be used as a guide for future possible turning points/stumbling blocks.

Some guidelines would be helpful (eg all closes must be within the box etc, and maybe...
Accountability.
My Actions = My Accountability and thank you both for pointing me back to correct that.
I have edited Post #1 to address exactly what you are discussing here but I may need some more help from you (& others if they are willing to share) as to the perfect verbage.

@ Cath (no secret really) I am a Senior in the J16 PF. Shouldn't be a surprise. I have long since used a similar method of J16 to Enter Trades with ICCE advising me of Potential Targets & Stops.

Wanna take a Ride?
Combine them.

B
  • #1,645
  • Nov 3, 2011 9:32pm Nov 3, 2011 9:32pm
Thanks Bill

Your post encourages me to make a concerted effort to get my head around it, again. I think FF just created a new problem in removing the thread search functions. So, we are no longer able to search any threads for keywords. Did you notice that?


Just looking at EJ with it.

I am aware of the large weekly PB in the making and the previous Monthly BUEOB.

Your view on this area would be greatly appreciated, when you have time, no rush.

Thanks again

Steve
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  • #1,646
  • Nov 3, 2011 9:48pm Nov 3, 2011 9:48pm
Quoting Bemac

@ Cath (no secret really) I am a Senior in the J16 PF. Shouldn't be a surprise. I have long since used a similar method of J16 to Enter Trades with ICCE advising me of Potential Targets & Stops.

Wanna take a Ride?
Combine them.

B
...of course it's not a surprise, why do you think I have started to learn the J16 methodology? I followed (stalked?) you there from here of course!

C.
  • #1,647
  • Nov 4, 2011 3:12pm Nov 4, 2011 3:12pm
I've been following J16 for a while and was member of the J16 private forum. It's a superb method in my view (the view of a novice previously bombarded with myriad convoluted crazy systems).

I've followed PB here as i saw a mention of it and have read from post 1 with great excitement and interest.

I'm now embarking on learning to harness the power of the 2 systems combined if i can.
I am a relative noob, trading demo and pennies who feels privileged to have stumbled upon such elegant systems.

Thanks to all who choose to help others to cut through the nonsense and see the light.
  • #1,648
  • Nov 4, 2011 7:16pm Nov 4, 2011 7:16pm
Quoting beebolbod
I've been following J16 for a while and was member of the J16 private forum. It's a superb method in my view (the view of a novice previously bombarded with myriad convoluted crazy systems).

I've followed PB here as i saw a mention of it and have read from post 1 with great excitement and interest.

I'm now embarking on learning to harness the power of the 2 systems combined if i can.
I am a relative noob, trading demo and pennies who feels privileged to have stumbled upon such elegant systems.

Thanks to all who choose to help others to cut through...
Hi BblBod. And Thank you.
Your Level of Trading Experience & those similar in experience is Exacty why I Published it.
When I first did, it was (perhaps) received as 'Oh Great. Something someone else has dreamed up...'
But over the years ICCE has aquired the interest of most of the Members I respect here at FF. I'm not suggesting that they all use it but I feel they now, mostly, understand & accept it as a potential Tool.

My advertising budget has been confirmed to be correct.
If you are here because 'A Friend' suggested it then that proves me correct and makes you very valuable to me/this thread.
Let's get this out of the way right now.
Post a Chart with your refined ICCE BOX with an explanation as to why you made certain descisions...
It will Likely fit right in with the same,or close with the same box as those that have been following ICCE since publication but a Very Good Place To Start.

btw. PinBar, Thank you too for trusting me enough to invite a Friend.

Bemac
  • #1,649
  • Nov 5, 2011 6:20am Nov 5, 2011 6:20am
Quoting Bemac
Hi BblBod. And Thank you.
Your Level of Trading Experience & those similar in experience is Exacty why I Published it.
When I first did, it was (perhaps) received as 'Oh Great. Something someone else has dreamed up...'
But over the years ICCE has aquired the interest of most of the Members I respect here at FF. I'm not suggesting that they all use it but I feel they now, mostly, understand & accept it as a potential Tool.

My advertising budget has been confirmed to be correct.
If you are here because 'A Friend' suggested it then that proves me...

Don't start getting soft on me Bill, I did not invite anyone. LOL
Not that I wouldn't if I can get my mind around it.

At the risk of sounding incredibly stupid, I will explain my problem.

1:I opened a random chart, which turned out to be USD/CHF.

2: On the monthly TF, I looked for a TL area that dissects a consolidation box as Tiaforex, kindly mentioned.

3: Moving down to the weekly TF I am looking for PA around these areas.
While there is some PA, there is not that much which leads to think that, the area I chose to box up is either too far back or not so significant in size or period of time it lasted for.

4: Moving down to the daily TF, we can see some flips in S&R and some PA.
However the daily convinces me even more that, the consolidation area I chose is not so relevant.

This is my problem and I realize the problem is with me and not the indicator. If someone could explain to me how we decide on an area or perhaps even more importantly disqualify an area of consolidation, I think it would help not only myself but others also.

Sorry for being a Pain in the Ass.
I realize the importance of what Bill has so unselfishly provided us with, just can't work out the subjective part of it, yet.
Thanks in advance.
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  • #1,650
  • Nov 5, 2011 6:55am Nov 5, 2011 6:55am
Here is an AUD/USD chart I was just practicing on.
Looks better than the USD/CHF but I did not apply the TL dissecting the consolidation box criteria.
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  • #1,651
  • Edited 8:08am Nov 5, 2011 8:07am | Edited 8:08am
Hi Pinbar,

Don't know if it helps, but here is my view, for what it's worth.

I have used various methods for determining where to place the box, but if I am eye - balling it, then this is how I approach it:

I start by looking for an obvious trend with an obvious area of consolidation such as this:
.
Attached Image

.
Then I drop the indicator (I use a different version to most, so it will look a little different) on and see how it lines up with the past and forward. In this case, I get this:
.
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.
Personally, I also like to view levels drawn as multiples of the box height as so:
.
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.
You will note the grey boxes on the chart above, these indicate the 38% to 62% zones within each multiple.

I hope this doesn't confuse more - if it does, then stick with it. You will find a way of making it work for you!

Regards
  • #1,652
  • Nov 5, 2011 9:22am Nov 5, 2011 9:22am
Quoting Pinbar
Don't start getting soft on me Bill, I did not invite anyone. LOL
Not that I wouldn't if I can get my mind around it.
He's right, there was no invite, i just followed based on a comment PB made elsewhere (J16 thread - he's been making many wise observations in there ;-). My radar blipped and next thing i've read pages and pages of exciting stuff i'm going to try and learn.

Having trouble with the indicator at the moment so once i've got the hang of dropping it where i want i'll look to post some stuff. Want to backtest a good bit first too actually.
  • #1,653
  • Nov 5, 2011 12:23pm Nov 5, 2011 12:23pm
Quoting One day!
Hi Pinbar,

You will note the grey boxes on the chart above, these indicate the 38% to 62% zones within each multiple.

I hope this doesn't confuse more - if it does, then stick with it. You will find a way of making it work for you!

Regards
Forgive me for asking what may be a daft question, but isn't this giving almost exactly the same result as looking for PPZ and drawing those in manually?
The areas you have marked are derived from an indicator which extrapolates information from a sideways ranging price zone and comes up with PPZ you can see with your naked eye.

What is the benefit of using the ICCE here? (not a trick question - i genuinely would like to know).
  • #1,654
  • Nov 5, 2011 1:19pm Nov 5, 2011 1:19pm
I found a good consolidation period back in 05' that works really well....
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  • #1,655
  • Edited 1:58pm Nov 5, 2011 1:43pm | Edited 1:58pm
Quoting beebolbod
Forgive me for asking what may be a daft question, but isn't this giving almost exactly the same result as looking for PPZ and drawing those in manually?
The areas you have marked are derived from an indicator which extrapolates information from a sideways ranging price zone and comes up with PPZ you can see with your naked eye.

What is the benefit of using the ICCE here? (not a trick question - i genuinely would like to know).
I actually wanted to let this thought proccess run a little longer but the topic may have changed with mfoste1's post.
@ Bblbod.
Absoflogginlutely ICCE does that.
Identifies PPZ but it steps a little beyond that.
It also identifies Problem areas beyond the current PPZ which (I think)gives you more preparation before loading your gun.
Something else you should be aware of...
Plotting ICCE on a 15Min & then shifting to a 1Hr will Not be Accurate.
1:15 does not exist on a 1Hr TF Chart.
By default, ICCE plots at 1:00

Whatevere the reason you are here, I'm happy that you are.

Bill
  • #1,656
  • Nov 5, 2011 1:48pm Nov 5, 2011 1:48pm
@ OneDay:
You & I have often discussed your variation of ICCE & we both came to an agreement that Your Work was a worthwhile addition.

@ the General Membership.
Don't let Aiden's work slip by without observation.

Bill
  • #1,657
  • Nov 5, 2011 1:55pm Nov 5, 2011 1:55pm
Quoting mfoste1
I found a good consolidation period back in 05' that works really well....
Firs & foremost. Man U for the Cup but that's just a friendly rivalry.

Nice Chart. shows an Understanding of what I {ICCE is} am about.

Predicting Possible Future Outcomes.
My chart is different but I saved yours because it provides me with some additional Ammo.

Bill
EURUSD Weekly
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  • #1,658
  • Nov 5, 2011 8:11pm Nov 5, 2011 8:11pm
Quoting One day!
Hi Pinbar,

Don't know if it helps, but here is my view, for what it's worth.

I have used various methods for determining where to place the box, but if I am eye - balling it, then this is how I approach it:

I start by looking for an obvious trend with an obvious area of consolidation such as this:
.
Attachment
.
Then I drop the indicator (I use a different version to most, so it will look a little different) on and see how it lines up with the past and forward. In this case, I get this:
.
Attachment
.
Personally, I also...

Many Thanks 1D.

I have to run off to work to the other side of this frozen city in a while so, will keep this brief.

So you are drawing this on the daily TF, not going to the higher TF and working down?


Many thanks again.
  • #1,659
  • Nov 5, 2011 9:19pm Nov 5, 2011 9:19pm
Quoting Bemac
Firs & foremost. Man U for the Cup but that's just a friendly rivalry.

Nice Chart. shows an Understanding of what I {ICCE is} am about.

Predicting Possible Future Outcomes.
My chart is different but I saved yours because it provides me with some additional Ammo.

Bill
EURUSD Weekly
Attachment

Thanks for the info Bill

I think I found a very nice area on GBP/JPY monthly TF.
Looking at the daily, we can see that it has been very accurate.
Currently price has bottomed out of the zone to the 23.6 area on the daily but, from looking at this, it may be going back up to retest these levels.
again.
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  • #1,660
  • Nov 5, 2011 10:21pm Nov 5, 2011 10:21pm
Hmmm, after taking another look at the GJ, it appears that this monthly area is more appropriate for where price is currently at.
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