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ICCE. Bemac's Fib. Reverse Engineered

  • #1,681
  • Nov 8, 2011 6:36am Nov 8, 2011 6:36am
I could well be wrong here and that is good also but, I don't think that is the kind of consolidation area we are looking for.

I think Bill wants a consolidation are where price is going up and down to the same area, compressing before it breaks out.

Check this area out.

I mean the historical rejections and PA at these areas.
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  • #1,682
  • Nov 8, 2011 6:49am Nov 8, 2011 6:49am
Quoting Pinbar
I could well be wrong here and that is good also but, I don't think that is the kind of consolidation area we are looking for.

I think Bill wants a consolidation are where price is going up and down to the same area, compressing before it breaks out.

Check this area out.
I guess I had the mindset that the box was ideally further back in time so that more pa after that time could be lined up, to be used as a guide of when to exit or take profit.

The way you have done it would give a good indication of opportunity to enter a trade, which (for me) opens up a whole new way to use it. Thanks!
  • #1,683
  • Nov 8, 2011 6:55am Nov 8, 2011 6:55am
Quoting CathS
I guess I had the mindset that the box was ideally further back in time so that more pa after that time could be lined up, to be used as a guide of when to exit or take profit.

The way you have done it would give a good indication of opportunity to enter a trade, which (for me) opens up a whole new way to use it. Thanks!

That is it Cath. We do not yet know how far back is accurate or how close to current price is invalid. We have to wait for Bill to tell us. Hopefully, Soooooooon.

This is the subjective part of this but that said, all aspects of trading are basically subjective.
  • #1,684
  • Nov 8, 2011 6:58am Nov 8, 2011 6:58am
Quoting Pinbar
That is it Cath. We do not yet know how far back is accurate or how close to current price is invalid. We have to wait for Bill to tell us. Hopefully, Soooooooon.
I like your style!!
  • #1,685
  • Nov 8, 2011 7:06am Nov 8, 2011 7:06am
I mean this, that box I drew was in 2011 but look at the PA around these areas way back in 1989. Did this PA create that consolidation box in 2011 or does that consolidation box point to this area back in 1989?

Which came first the box or the chicken? LOL
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  • #1,686
  • Nov 8, 2011 7:20am Nov 8, 2011 7:20am
[quote=Pinbar;5112747
Which came first the box or the chicken? LOL[/quote]

My head just exploded!!!
  • #1,687
  • Nov 8, 2011 7:23am Nov 8, 2011 7:23am
Quoting CathS
My head just exploded!!!
LOL

I know what you mean Cath.
This is my second or third time around the ICCE box, for that same reason.
  • #1,688
  • Nov 8, 2011 7:23am Nov 8, 2011 7:23am
Quoting Pinbar
Which came first the box or the chicken? LOL
This officially takes this stuff way beyond the point that the little voice inside my head can keep saying "it's just coincidences, lots and lots of coincidences..." !!
  • #1,689
  • Nov 8, 2011 7:33am Nov 8, 2011 7:33am
Quoting Pinbar
Here are the ones I am using, one is the grid the other the J16 version.
I hope bill does not mind them being posted here.

I turned off the right center and left lines in the J16 version so, you will have to turn them on again in the control panel.

Thank you..... and i sussed out (i think) why it wasn't sticking on lower TF.

BTW - what are the differences between the 2 versions?
  • #1,690
  • Nov 8, 2011 7:34am Nov 8, 2011 7:34am
Quoting cobraforex
Thanks Jeff

Yep, there are already countless questions made how to manage the indicator but the question which of them?

I'm willing and able to create a PDF manual and maybe a small video how to use the indi once it is created.

I think this is the second time I have quoted this post but, did Cobra ever make the manual? Did anyone ever make the manual? I have seen the video but it simply shows how to setup the indicator. It does not mention how to actually use it.

If I can get my head around it, I will make the manual with screenshots and the explanations, then Bill can have a rest. Hell, I will make a video with Camastasia also.
  • #1,691
  • Nov 8, 2011 7:37am Nov 8, 2011 7:37am
Quoting beebolbod
Thank you..... and i sussed out (i think) why it wasn't sticking on lower TF.

BTW - what are the differences between the 2 versions?
The channel on the J16 version and the grid or trend lines on the Grid version.
  • #1,692
  • Nov 8, 2011 7:39am Nov 8, 2011 7:39am
Quoting CathS
This officially takes this stuff way beyond the point that the little voice inside my head can keep saying "it's just coincidences, lots and lots of coincidences..." !!

Yeah, I told that voice to take a hike a long time ago.
  • #1,693
  • Nov 8, 2011 7:56am Nov 8, 2011 7:56am
Hmmm after just re reading 60 pages of the thread, something tells me that these areas with the diagonals that extend from the box are rather important.
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  • #1,694
  • Nov 8, 2011 2:56pm Nov 8, 2011 2:56pm
Quoting Pinbar
.....If I can get my head around it, I will make the manual with screenshots and the explanations, then Bill can have a rest. Hell, I will make a video with Camastasia also.
I KNEW I was right to keep you on my list
  • #1,695
  • Nov 8, 2011 3:12pm Nov 8, 2011 3:12pm
After fiddling with the box lines a bit, so that the 0% matched the bottom precisely, I was able to nail this top within 4 points.

Since it matched a previous supply zone, together with overhead TL resistance, I traded it for +125. And since I had a precise level, I was able to use fairly tight stops.

My question about this arrangement is what assumptions can be made about the fact that the top is "100%"?

I don't assume anything at all, per se, but I suspect that it implies the potential for a significant retrace. At any rate my approach to this strategy is only to use the indicator to locate levels which I would consider to be tradeable even if the indicator didn't point me to them. They must be in themselves technically significant.

As a location finder for potentials, this thing is great. Hats off.
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  • #1,696
  • Edited 5:34pm Nov 8, 2011 5:22pm | Edited 5:34pm
Quoting stevefx
As a location finder for potentials, this thing is great. Hats off.
Totally agree. I've started to draw my boxes accross many charts now and the accuracy of the levels on them is incredible.
  • #1,697
  • Nov 8, 2011 8:52pm Nov 8, 2011 8:52pm
Quoting Pinbar
I mean this, that box I drew was in 2011 but look at the PA around these areas way back in 1989. Did this PA create that consolidation box in 2011 or does that consolidation box point to this area back in 1989?

Which came first the box or the chicken? LOL
Kinda puts a bunch of ??? behind the "Random Walk Theory" doesn't it.
I don't believe it is Random but I Do Believe I have only found 'A' Key to the Matrix.

I actually view All Markets as a Structured Asccent & Decline which is controlled by Two out of the Three Market Participants.
Suppliers & Consumers.
The Third, Speculators (That's Us) can ony take a best Speculative guess as to what Their Intentions are.

The Diagonals:
The Golden Diagonals disect The Future into 3 Segments.
Above the Upper Diag indicates a Strong Bullish Sentiment.
Below the Lower Diag indicates a Strong Bearish Sentiment
Running in between those Diags is, what I like to call, a Flexible Market. Trade Long or Short given PA.
PA Above the Upper Golden Diagonal, I Only (Mostly Only) Trade to the Long Side.
PA Below the Lower Golden Diagonal, I Only (Mostly Only) Trade to the Short Side.

Don't miss the importance of the subsidiary Diags.
Hover your mouse over them to identify thier location in the Grid.

This is a Daily Gold Chart that I took Profit from a Long & am currently Standing Aside but I'll be Back & guess which way.
Pic Snapped Nov 7th after NY Close.
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btw.
I may not reply to all of you but I am definately following all of you. You see, I truly believe that If I Tell you the answer, You might use it but will probably forget it. If You guys Figure it out... You will Never Forget it.
(undestand that there is a possibility that I may not Know the answer)

I have No Data that supports Older Box being stronger than Newer Box.

I Often adust The Box to accomodate Golden Diags on S/R TLs but Only on a Line On Close Chart.
Back in the Mid 90's I had to come up with a rule that helped me eliminate the "Noise" created by Over Exhuberant/Under Educated Electronic Traders.

B
ps.
The Daily Gold Box.
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  • #1,698
  • Nov 8, 2011 9:25pm Nov 8, 2011 9:25pm
After I Plot ICCE I Do Not Change the TF of That Chart!
I Open a New Chart of the Same Pair, Change it to the Next TF & then Plot a New ICCE.
AND...
I Do it the Same Way as I Plotted the Other One.
Change to Line On Close & look for Consolidation. ie. Not Neccessarily The Same Box.
I Always Start ICCE on a New Pair in the Monthly TF
Then Weekly with a Box of it's own
Then Daily
Then...
So I save a Profile for Each Pair that contains a Monthly Weekly Daily H4 & H1 all with their own personal ICCE BOX. Below H1 I don't always plot ICCE unless it's a pair I am currently interested in. (High Maintainance)
A typical Profile name for me is... "ICCE USDCHF" or "ICCE Gold"
I also have Profiles named...
"a All ICCE Weekly"
"b All ICCE Daily"
"c All ICCE H4"
"d All ICCE H1"
I use those as my 'Quick Scans'.

If you Plot ICCE on an H4 with a RS @ a Time of (let's say) 20:00
Then Change the TF Of That Chart to Daily...
20:00 does not exist on a Daily Chart so All the Graphics are taking an MT4 Best Guess.

B
  • #1,699
  • Nov 8, 2011 10:35pm Nov 8, 2011 10:35pm
Quoting CathS
I KNEW I was right to keep you on my list
I knew I was right in recognizing you both.
ICCE is Very tough to get a handle on but once you do, it may become a serious part of your method.

At some point in time, I will stop posting here, & you may even stop checking here, long before your Trading career ends, but I Truely believe you might carry some version of ICCE with you.

So... Save some stuff to a Stick Drive. Organize it to make it easy to find in the distant future.

B
  • #1,700
  • Nov 8, 2011 11:11pm Nov 8, 2011 11:11pm
Quoting stevefx
After fiddling with the box lines a bit, so that the 0% matched the bottom precisely, I was able to nail this top within 4 points. ...
Hey Steve.
My GBPCHF Daily is different. Not neccessarily better. Just Different.
I've known for quite sometime that ICCE recognizes Fractals but, as yet, I haven't tied those down.
Chart:
Daily GBPCHF:Zoom Out
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Zoom In
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B
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