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ICCE. Bemac's Fib. Reverse Engineered

  • #1,701
  • Nov 8, 2011 11:13pm Nov 8, 2011 11:13pm
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?
Hey Beebs. Perhaps because I understand it a little more... I Always include Diags.

B
  • #1,702
  • Nov 8, 2011 11:22pm Nov 8, 2011 11:22pm
Quoting Pinbar
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.
I know Cob quite well as an E-Friend.
I also know he is extremely busy in a new business venture & probably has very little time to spend on this ICCE doohicky.
Sooo... PinBar... IF you are willing... A PDF would be a great asset for those that are just coming through the door.
If You could compile that with perhaps a little thought to the questions that , Cath, Steve & Beebs have, (obviously, including yourself) Now That Woud be sweet & perhaps remove the mystery from Stepping On ICCE.

B
  • #1,703
  • Edited 11:44pm Nov 8, 2011 11:28pm | Edited 11:44pm
USDJPY Daily
Check the Entire Image.
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OPPORTUNITYISNOWHERE.

B
EDIT ADD.
btw.
I Never(hmmm... very seldom) move my Stop to BE. I move it to the next level of S/R which may or may not be identified by ICCE.
Just moved SL.
New (same) Chart.
USDJPY Daily Current
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BMc
  • #1,704
  • Nov 9, 2011 12:45am Nov 9, 2011 12:45am
Quoting Bemac
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
Attachment

Zoom In
Attachment

B
Thanks very much for your chart Bemac.

One idea I had was to take the potential low that your levels produced, which I have roughly as 1.03015, and then match it with the top of this last bearish wave at 1.80946.

I then manually applied some fibs between those levels which are modified to include your 52.8 and 47.2 ratios. This gave me 1.44189 for a range top, and 1.39828 for a range bottom. So I applied your default indicator with these settings.

The chart included is the result. The result is pretty cool, I think, and seems to reinforce your own findings quite a bit.

Thanks again, Steve.
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  • #1,705
  • Nov 9, 2011 1:49am Nov 9, 2011 1:49am
*Non-standard use of ICCE!

After reviewing my USDCHF box, I decided to move it to here:
.
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.
In this case the major high was 5 multiples above and the major low was a little over 5.5 multiples below.

Zooming in it looks like this:
.
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  • #1,706
  • Edited 6:34am Nov 9, 2011 6:18am | Edited 6:34am
Bill posting that GBP CHF daily chart has set free a can of worms in my head.

This is especially the case after he mentioned that, he uses the boxes on separate charts on their own TF and does not change the TF.

I reconstructed the GBP/CHF chart and after really looking at it for nearly two hours, it strikes me that this area looks more like a daily PPZ level than consolidation on the daily chart. We can see price not just going up and down but we can see the price flip in the middle with PA.

Could be my head trying to rationalize how uncannily these line up with PPZ.
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  • #1,707
  • Nov 9, 2011 7:59am Nov 9, 2011 7:59am
it´s classic ...




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enigma4x

p.s. these stuff is to complex so much to read - erm I´m out ... I think ...
enjoy my life ... and ride the waves - all what I do
  • #1,708
  • Nov 9, 2011 9:19am Nov 9, 2011 9:19am
Quoting Bemac
Hey Beebs. Perhaps because I understand it a little more... I Always include Diags.

B
Indeed. And now you've added some more gold to the pot of explanation, i'm redrawing my charts as you've said, with the diags very much noted.
Previously i was looking at the horizontals only and pretty much ignoring (through ignorance) the diags.

I have to say once more (due to reasons of excitement and interest) that this thread is superb.
Thanks for supplying this info/indicator/feedback etc. Really loving this learning curve and already looking upon the ICCE lines as friends on my charts.
  • #1,709
  • Nov 9, 2011 5:25pm Nov 9, 2011 5:25pm
Quoting enigma4x
it´s classic ...




Attachment

enigma4x

p.s. these stuff is to complex so much to read - erm I´m out ... I think ...
I post it and hope I inspirate ya.

e

post scriptum: believe me every hour jackpot ... ;-)
enjoy my life ... and ride the waves - all what I do
  • #1,710
  • Nov 9, 2011 6:10pm Nov 9, 2011 6:10pm
I think Enig just gave us a hint but, the HI LO indicator he is using threw me off.

My mind is now working on multiples of the box and the area through the center. Could just be too much coffee at 7 am.
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  • #1,711
  • Nov 9, 2011 6:32pm Nov 9, 2011 6:32pm
Hmm, a bottom line also seems to show price flipping around this area.

Is the cross of the diagonals actually the center of an extension of the box?
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  • #1,712
  • Nov 9, 2011 6:47pm Nov 9, 2011 6:47pm
Slowing down a bit because, I could be running in the wrong direction.

Just going to watch what price does at this area.
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  • #1,713
  • Nov 9, 2011 7:21pm Nov 9, 2011 7:21pm
Quoting Pinbar
Hmm, a bottom line also seems to show price flipping around this area.

Is the cross of the diagonals actually the center of an extension of the box?
Nice one PB.
The Diagonal Intersections Alternate between 1/2 Hieght of The Box (50%) & Full Hieght of the Box (Top - Bot)
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ie.
If you plot a Vertical Line on Diag Intersections, The Vert. Distance between them is the Same Hieght (in Pips) as The Box.

If you look to the Next Diag Int. in Time, The Vert Distance between 2 adjacent Intersections is 1/2 Hieght of The Box.
I can see the Horizontal Lines it suggests without having to Plot them.

B
  • #1,714
  • Edited 8:18pm Nov 9, 2011 8:03pm | Edited 8:18pm
So we not only have a logical Horizontal upper and lower area to look for support & resistance but also a time frame window, telling us approximately when we may see some PA? It's like a crystal ball!

The tiny 16MHZ CPU in my cranium is starting to overheat. Good job I live in Harbin. LOL
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  • #1,715
  • Nov 9, 2011 8:17pm Nov 9, 2011 8:17pm
Yikes
Perhaps, I can discard the tea leaves now.
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  • #1,716
  • Nov 9, 2011 8:57pm Nov 9, 2011 8:57pm
Let's see if I can combine this area with what Jarroo has taught me.

I think it is no coincidence that both methodologies are lining up here.
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  • #1,717
  • Nov 9, 2011 9:08pm Nov 9, 2011 9:08pm
Quoting Pinbar
Let's see if I can combine this area with what Jarroo has taught me.

I think it is no coincidence that both methodologies are lining up here.
It certainly is Not Coincidence. It's exactly the Reason that J16 & ICCE Co-Habitate. That plus, which is inherant, James & I both see the Markets (& each other) in a similar light. Albeit from a slightly different vantage point.

Given the Tools & Time to Study, There is No Reason not to get ahead & Add Cargo.
Don't Skim it. Study it.
These are Your Adult School Days. Maximize them all to the best of your ability.

Consider How much more you know today than you did a Month ago.
Extrapolate that into Decades.

Excess Cargo to All.

B
  • #1,718
  • Nov 9, 2011 9:11pm Nov 9, 2011 9:11pm
Quoting Bemac
It certainly is Not Coincidence. It's exactly the Reason that J16 & ICCE Co-Habitate. That plus, which is inherant, James & I both see the Markets (& each other) in a similar light. Albeit from a slightly different vantage point.

Given the Tools & Time to Study, There is No Reason not to get ahead & Add Cargo.
Don't Skim it. Study it.
These are Your Adult School Days. Maximize them all to the best of your ability.

Consider How much more you know today than you did a Month ago.
Extrapolate that into Decades.

Excess Cargo to All.

B

Indeed, I shall not skimp.
That is why I get up at 6 am everyday and study before I go to work, come back at 6 PM and study till I go to bed.

These old eyes are taking a beating.

Got to run to the other side of Harbin, funny, I always think of Bemac while I am on the bus and looking for the Swan Hotel near the DORI area.

Thanks again Bill.
  • #1,719
  • Nov 9, 2011 9:41pm Nov 9, 2011 9:41pm
Quoting Pinbar
Indeed, I shall not skimp.
That is why I get up at 6 am everyday and study before I go to work, come back at 6 PM and study till I go to bed.

These old eyes are taking a beating.

Got to run to the other side of Harbin, funny, I always think of Bemac while I am on the bus and looking for the Swan Hotel near the DORI area.

Thanks again Bill.
As an aside from Trading. An anecdote.

In 1994 I made my first business trip to the PRC. To Harbin as a matter of fact. Pinbar's current location.

We stayed at The Swan Hotel & were treated like Kings. (we were being hosted by the PRC Government)
When our luggage was shuffled from limo to lobby to rooms, we all tried to Tip the Porters which totally confused them. Why would we give them money for doing what they are already paid to do. Finally we managed to get them to accept.

Just a short three weeks later, They wouldn't load the luggage back into the limo Until we Tipped them.

Now That's what I call aLearning Curve & I Love it.
Sorry if we started something PB

For PB
http://www.tripadvisor.com/Hotel_Rev...longjiang.html

Karaoke... Well, maybe that's a story for another time.

B
  • #1,720
  • Nov 9, 2011 10:36pm Nov 9, 2011 10:36pm
The rent on my spacious 5 room, brand new apartment on the 21st floor is just two nights stay in that hotel. LOL
Must have been a nice place.

I shall ask all the students for a tip, after my next class.
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