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ICCE. Bemac's Fib. Reverse Engineered

  • #1,781
  • Nov 29, 2011 7:23pm Nov 29, 2011 7:23pm
Quoting One day!
Hi E'

When sharing anything on an open forum, there is always the risk that someone will take advantage of the work, something that I am very aware of and always weigh up before I share.

I don't know what the guys that you mentioned have done to anger you so much...? Personally, I have only had conversations with Bemac and have never had reason to question his intentions or integrity...I'm not trying to change your opinion, just expressing my view.

Good luck on your journey!

Regards

Aiden
Thanks for the support but I know there must be something that Enigma is getting an incorrect reading on.

Not sure what that is just yet but perhaps he will tell me.

Horray for Open Slather. Share & be Free
BMc
  • #1,782
  • Nov 30, 2011 5:56am Nov 30, 2011 5:56am
I thought as much, Bill. LOL

This area on CAD/CHF has my attention along with how well this area of consolidation on the daily chart has extremely accurately been respected historically, even on the monthly chart. Is this perhaps further confirmation that price may well respond to this area as we suspect?
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  • #1,783
  • Nov 30, 2011 6:09am Nov 30, 2011 6:09am
Quoting aserbfx
gbp/usd
turning point?
Just saw your post.

Yeah, I posted about the break out of that H4 channel in the J16 thread and sat and watched that H1 IB, take off, big time.
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  • #1,784
  • Nov 30, 2011 6:46pm Nov 30, 2011 6:46pm
I opened a 50K Demo account back in August (2011)
Here are the Closed Trades I made on that Account.
Notice Lot Sizes Overall & also the Third Trade I Placed on it.
Yeah! Shook my head at myself for that one.

BUT With Open Trades included (currently UP $950.00)
my bottom line is an overall gain of just over $5,000.00 or 10% in 4 Months.
Four Months that I have had to reduce my time spent on Trading.
10% in (let's say ) a Quarter ON A DEMO. Frig. There is no way I have the time to post my Real...

Point.
50%/Annum is really not that difficult. Even when you screw up and go to your Grandkid's Birthday Party without adjusting Stops.

Just a little Carrot to entice a little more studiying.
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Posted to the PF Also.
Why Here at the same time?
Really, all we want to do is Help. ( & cover costs.)

B
  • #1,785
  • Nov 30, 2011 7:59pm Nov 30, 2011 7:59pm
Quoting Bemac
I opened a 50K Demo account back in August........Four Months that I have had to reduce my time spent on Trading.

Posted to the PF Also.
Why Here at the same time?
Really, all we want to do is Help. ( & cover costs.)

B
Hi Bemac
Some questions (of course):
It sounds like you are saying that demo trading takes time away from real trading (duh), but you obviously think it's worthwhile, and I know J16 pretty much insists on it - have you always seen the benefit in it?
Is your demo trading very different to your real trading?
I am tuned that if it's not my $ I am losing it doesn't matter, and if I'm winning I get annoyed that it's not my $ - I can't seem to make myself LEARN from demo trading which is rather frustrating. I have reduced real lot sizes to an amount now that doesn't matter so much if I get it wrong, still frustrates me if I get it right (could make more $ with bigger lot sizes)but it sinks in better either way. Maybe once I feel more confident I will learn better from demoing, or maybe I am just too stubborn?

Re your last point, and at the risk of sounding like a broken record, I want to reiterate how much i appreciate all the time, effort and info you guys put here for us to use - having paid lots of $ for content that I am now finding here and on Babypips (thanks for sending me there Pinbar), I am very well aware of the packets of cash you could be making by selling it elsewhere and am still quite amazed at this fantastic resource that you provide out of your own generosity. Plenty of Good Karma coming your way (and thanks from me )!!!!!

Cath
  • #1,786
  • Nov 30, 2011 9:16pm Nov 30, 2011 9:16pm
Quoting CathS
Hi Bemac
Some questions (of course):
It sounds like you are saying that demo trading takes time away from real trading (duh), but you obviously think it's worthwhile, and I know J16 pretty much insists on it - have you always seen the benefit in it?
Is your demo trading very different to your real trading?
I am tuned that if it's not my $ I am losing it doesn't matter, and if I'm winning I get annoyed that it's not my $ - I can't seem to make myself LEARN from demo trading which is rather frustrating. I have reduced real lot sizes to an...
Hey Cath, What's the Forcast for Xmass? 30 Degrees?
I posted All the Data of a Demo because I thought it was important to show that, When I am Convinced, I will let it go against me If I have a PA Stop in mind. Check the Open Date/Close Date of some of those Trades.

Measure Trade Worth to the Next PPZ Before Entry. Also have a PPZ look at where you would be convinced the Market shifted before You did.

Demos are a HUGE benifit in my eyes. I (not only) wish we had them when I started, I wish we had Real Time Data for Free.
I suggest you set up a Demo Acct with a Deposit that is actually close to what you might place in a Real Acct. Then, literally, Remove a Virtual Tenth of Losses from your actuall Pocket Money.
Lose $10.00 in Demo, You have to take $1.00 from your purse & put it on your Trade Desk to the Left of your Monitor...

B
  • #1,787
  • Dec 1, 2011 12:59am Dec 1, 2011 12:59am
Quoting Bemac
Hey Cath, What's the Forcast for Xmass? 30 Degrees?
I suggest you set up a Demo Acct with a Deposit that is actually close to what you might place in a Real Acct. Then, literally, Remove a Virtual Tenth of Losses from your actuall Pocket Money.
Lose $10.00 in Demo, You have to take $1.00 from your purse & put it on your Trade Desk to the Left of your Monitor...

B
Santa is far too stressed about hiding presents for 4 children to be worried about the 30+ weather we are having (probably 35+ by xmas) - oh wait, some are hidden outside, yes she does need to worry about it......

And I can see your demo plan might actually work, if it does actually hit me with $$$, and using a realistic amount would show exactly how the outcomes would hit/benefit - I have only tried with massive (wishful) demos but this would be much more realistic - and simple, why didn't I think of that before - ugh!! Oh yes, maybe the Santa stress
  • #1,788
  • Dec 1, 2011 6:45pm Dec 1, 2011 6:45pm
Anylize;
Decide;
Trade;
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B
  • #1,789
  • Dec 2, 2011 3:38am Dec 2, 2011 3:38am
Quoting CathS
I am tuned that if it's not my $ I am losing it doesn't matter, and if I'm winning I get annoyed that it's not my $ - I can't seem to make myself LEARN from demo trading which is rather frustrating. I have reduced real lot sizes to an amount now that doesn't matter so much if I get it wrong, still frustrates me if I get it right (could make more $ with bigger lot sizes)but it sinks in better either way. Maybe once I feel more confident I will learn better from demoing, or maybe I am just too stubborn?
Cath
With you 100% on this Cath. One thing i have found to be a great tool is from the J16 methods and that is the "where is price going" game.
I'm currently preventing myself from anything other than A trades because i'm well aware of the fact that i dont fully understand what i'm doing yet. Although my demo is about 25% in profit and about 65% +ve trades, i still make very foolish mistakes despite my J16 training and now following the bemac journey.
So during these periods of trading abstinence (also very much encouraged by J16 et al) i play the game....

I find a great deal of satisfaction knowing i 'guessed' right and watching price reach the levels i predict. When there's NO money (real or pretend) on the table and you're just playing against the charts and yourself, the only reward/lesson is in getting it right.

Many of my predictions dont have any PA to enter, but go the 'right' way for me and many dont. But the journey of learning is there and fun.

i'm currently struggling as i watch the seniors in here and J16 thread pick stuff i just dont see... but that will come with time i hope... in the meantime i'm sitting and watching and learning.... along with you ;-)

BTW - i also have 4 kids.... Christmas is magical with that much youth in the house!
  • #1,790
  • Dec 2, 2011 6:04pm Dec 2, 2011 6:04pm
Quoting CathS
Hi Bemac
Some questions (of course):
It sounds like you are saying that demo trading takes time away from real trading (duh), but you obviously think it's worthwhile, and I know J16 pretty much insists on it - have you always seen the benefit in it?
Is your demo trading very different to your real trading?
I am tuned that if it's not my $ I am losing it doesn't matter, and if I'm winning I get annoyed that it's not my $ - I can't seem to make myself LEARN from demo trading which is rather frustrating. I have reduced real lot sizes to an...
Hey Cath,
Here's the Detailed Account Status Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Acct Stmnt Dec 2 11.JPG Size: 86 KB

Notice the Willy Nilly Start but eventually brought it around to... OK Let's get Real, or as close to as possible.

I think of Demo Trading as 'Tai Chi' for Real Trading.
Practice when results have no physical effect so that you may react instinctively when they do.

Demo Accounts are what you make of them.
Game or Education.

(If you understand me, move a Dollar from the Left of your monitor to the Right of your Monitor. )

Uncle B
  • #1,791
  • Edited 8:27pm Dec 4, 2011 5:13pm | Edited 8:27pm
Charts upon request but I say this;

All analysis based on Daily PA ICCE Applied.

AUDJPY. (Somewhat Bullish)
New Market Week Open:
Dropped to Buying Opportunity.
Open:79.97
Low: 79.93
Currently: 79.84
Potential: 80.,25
Risk: 79.22

83.57 is in my potentials.
Perhaps as high as 86.54 but only Time....

AUDUSD.
Long Target: 1.035.
Bull Run Long Target:1.043...
... but that is 2 weeks away.
***NOTE*** Watch the zone around 1.053...

CADCHF.
Tired & South.
0.8470 in a short week or two.
BUT. CHF, SNB may inluence this.

EURAUD is still in the Incubator.
No Play

EURCHF. Yeah... Well... Not for Me for I refuse to be Fodder.
On confirmation I will Trade but Never on a Tip of "We Plan To..."

EURJPY. Nice Timing.
Short Opportunity expected around 106.150 CAUTION This Level may prove to be a Contiuation North!

EURUSD. Climbing but tired. A break above 1.355 get's me interested but not IN. I'll wait.

GBPCAD. Close to my heart for I stll hold some physical GBP I would like to Trade for CAD BUT...
I guess, Not Yet.
GBP CAD is headed South to 1.5400. Expect discussions around 1.5650 but that won't be until XMass.

GBPNZD.
Could be a Runner. Please, Zoom Out & Study this pair. Very interesting to me & Icce.

GBPUSD.
Sorry: No Comment.
Fluctuates too quick to advise.
BUT... If I were a Betting Guy...
1.6385 might catch my eye.


GOLD!
WTF! Why all the Hullabalu?
Pretty simple really.
US has Dropped the Rein.
EUR is perporting "Don't Worry"
East is, well being eastern.
Asia.... Asia
Hmmm... Asia
Aussies & Kiwis? What a Market... I am watching.
EDIT* With Reserve, I Call 1,800.00

Silver:
Hesitate @ 34 before driving to 39.5

Folks; You have to understand that I had a reason for doing this IN PUBLIC.

I have done it for 30 Years in Private.
That being said...
I Still don't get it 100%

But I do understand the difference between Confidence, Commitment & Risk.

Bemac
  • #1,792
  • Dec 4, 2011 10:00pm Dec 4, 2011 10:00pm
Quoting Bemac
(If you understand me, move a Dollar from the Left of your monitor to the Right of your Monitor. )

Uncle B
Dollar moved, now expect some more Qs if I can't get my analysis to match yours in the "post of gold" following (jeepers!!) - this will be a real test for me
  • #1,793
  • Dec 4, 2011 10:30pm Dec 4, 2011 10:30pm
Quoting beebolbod
BTW - i also have 4 kids.... Christmas is magical with that much youth in the house!
... wow, your story is mine, I feel like I know you very well!! I feel stupid when, despite copious note taking and studying, I jump in when I should have seen that something is clearly against it - at least the seniors are so nice about it!! The way you and Uncle B talk about demos has made me change the way I use them, and I agree, it does feel good when price follows your expectation, even if I haven't traded it - it can't always be a fluke, right?? lol! And the further through J16 and this thread I get, the more "flukes" occur.........
And now we have Bemac's "post of gold" - the ultimate learning tool, I reckon!
I agree that the excitement of the xmas countdown is hard to resist - my oldest at 17 is still the most excited of them all!! enjoy
  • #1,794
  • Dec 4, 2011 10:40pm Dec 4, 2011 10:40pm
Quoting CathS
Dollar moved, now expect some more Qs if I can't get my analysis to match yours in the "post of gold" following (jeepers!!) - this will be a real test for me
GOLD: UP but resrvations.
Uncle B
ps. Xmass is for my Grandkids. 1 @ 6 & 2 @ 3.
I'm All In.
  • #1,795
  • Dec 6, 2011 7:16pm Dec 6, 2011 7:16pm
Quoting Bemac
GOLD: UP but resrvations.
Uncle B
ps. Xmass is for my Grandkids. 1 @ 6 & 2 @ 3.
I'm All In.
My head is spinning again, wading through babypips, trying to work out where you get your exact #s from (I think I will be happy with zones for now), busting to join the J16pf but wary of too much info, trying to cram it all in before school hols start, I feel like I am back at uni! I was holding out for very low 1700s on gold, well aware of 1706 - coincidence? - I hope not - a bit too exciting if it wasn't <I have to admit more keen on 1706 than 1696 tho>!!

ps:I meant your post was "gold", but I think you know that ha ha !

....and absolutely magical ages for xmas - actually they are all magical ages, my 17yo is still counting the sleeps! My guys are keen for a white xmas sometime - I guess you have them aplenty, probably less water fights over xmas too
  • #1,796
  • Dec 6, 2011 8:08pm Dec 6, 2011 8:08pm
Quoting CathS
My head is spinning again,
...Hey Cath.

Objective:
Spend Less Time worrying about Price Movement. More Time with my/yours ... ?

Seriously:
I spend about 2Hrs/Week picking Trades & Direction. Most of that is after Sunday Supper with the Family.

How:
I view Dailies of all I follow & quickly decide UP or Down. I marry that to my Current (if any) Position and adjust accordingly.
(Quickly is part of my 30+ years of looking at charts. Instinct is a Learned Skill. Pennants & Flags or H&S or ... Become second nature in Translation.)


Sounds Simple & it is
BUT
Not until you Believe in Your System. Not Mine.

B
Catch 22
  • #1,797
  • Dec 6, 2011 8:28pm Dec 6, 2011 8:28pm
Quoting Bemac;5200264 ...[B
Believe in Your System. Not Mine.[/b]

B
Catch 22
aah yes, that is what I am aiming for, but I am using what I am learning of your system to confirm what I think my stuff shows (or otherwise) - just trying take advantage of that 30+ years without having to take that time myself (thanks again)
  • #1,798
  • Dec 6, 2011 9:27pm Dec 6, 2011 9:27pm
Quoting CathS
aah yes, that is what I am aiming for, but I am using what I am learning of your system to confirm what I think my stuff shows (or otherwise) - just trying take advantage of that 30+ years without having to take that time myself (thanks again)
c'mon folks, 1 Vote?

B
  • #1,799
  • Edited 10:19pm Dec 6, 2011 9:43pm | Edited 10:19pm
Quoting CathS
aah yes, that is what I am aiming for, but I am using what I am learning of your system to confirm what I think my stuff shows (or otherwise) - just trying take advantage of that 30+ years without having to take that time myself (thanks again)
Welcome:
I say that because I think it is now time for you to make some Calls.
Not saying you would always be correct ( I wish I was) Just saying I would listen.

B
EDIT Add;
Seriously: I use little more than J16 mentality combined with ICCE to Trade. & I do Trade.
My lower Windows & Calander are my (mostly) only other assets,
  • #1,800
  • Dec 14, 2011 1:06pm Dec 14, 2011 1:06pm
Quoting Bemac
c'mon folks, 1 Vote?

B
+1 here..... been away from the trading studies... christmas, life, etc.
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