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ICCE. Bemac's Fib. Reverse Engineered

  • #1,841
  • Dec 21, 2011 5:55am Dec 21, 2011 5:55am
Quoting Pinbar
Oh, I can tell you how to add things to the menus, if you don't know. Just holler.
he he you SERIOUSLY underestimate yourself - to a dinosaur like me that is genius!! I hate taking up your time with stupid questions, I try to save it for important ones so you don't get too sick of me, so I really appreciate this thanks
  • #1,842
  • Dec 21, 2011 6:00am Dec 21, 2011 6:00am
Quoting CathS
he he you SERIOUSLY underestimate yourself - to a dinosaur like me that is genius!! I hate taking up your time with stupid questions, I try to save it for important ones so you don't get too sick of me, so I really appreciate this thanks
There are NO stupid questions Caths.
Only stupid answers.
Feel free to ask anything you want.
  • #1,843
  • Edited 6:36am Dec 21, 2011 6:21am | Edited 6:36am
TP1 hit, took two thirds off the table and moved the SL to just above the eye of the PB.

EDIT: Tightened up the SL as, I believe the consolidation box area on the left will hold, if it doesn't, price may go back up.
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  • #1,844
  • Dec 21, 2011 6:42am Dec 21, 2011 6:42am
H1 shows what I do not like about this area best.
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  • #1,845
  • Dec 21, 2011 7:08am Dec 21, 2011 7:08am
Looking better now we closed below this area.

Let's see if we get a flip here.

EDIT:
H&S suggest the daily PB.
Maybe it will end up as a bearish PB.

Let's leave this one on and see what happens.
Tightened the SL to BE+ on the remaining position.

I can sleep well knowing, it is only a demo and a certain winner.
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  • #1,846
  • Dec 21, 2011 8:02am Dec 21, 2011 8:02am
Is gold going to come back to test 1.570
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  • #1,847
  • Edited 8:34am Dec 21, 2011 8:14am | Edited 8:34am
Quoting Bemac
Prhapa I can add...
South:
To Where?
1.0362 before it has to choose.

If I'm wrong... (Please, get this part of My Trade) I'll switch to
Buy on a Break of 1.0406.
Health & Happiness to You & Youls.

Sleep now. Rest:
& Recouperate.

We have yet another Year a'fore us.

B

Bill was right to the very Pip!
Must be all that fairy dust. LOL

I am out of that H4 PB, it ran about as far as it was going to.

EDIT: Is this consolidation area high at 1.0361 the reason Bill stated it would go to 1.0362 before deciding which way it would go?
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  • #1,848
  • Dec 21, 2011 5:40pm Dec 21, 2011 5:40pm
Quoting Pinbar
Is this consolidation area high at 1.0361 the reason Bill stated it would go to 1.0362 before deciding which way it would go?
Nah.
This is why.

50% is a Trader's Magnet
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1.0317 in the wings with a hurdle at the Bear Diag Def 1 roughly around 1.0328
Ho. Ho. Ho.
BMc
  • #1,849
  • Dec 21, 2011 6:53pm Dec 21, 2011 6:53pm
Quoting Bemac
Then I guess you will like this one.
Weekly GBPCAD
Attachment

B
Or This One...
Verry interested to see what happens here.
Plotted this so long ago I don't remember the Date
Notice the confluence of Diags also.
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This Method is Still in the Experimental phase.
Hide your Real Money.

BMc
  • #1,850
  • Dec 21, 2011 6:59pm Dec 21, 2011 6:59pm
Merry Christmas Aiden.
Now is the Time for Family & Friends.
Methinks ICCE may be here for a while & you can take ALL the time you require.

Gotta say though; I'm excited, given the feedback you have offered, to see what you post as a "Aiden's New ICCE"

Thanks again.

Bill
  • #1,851
  • Dec 22, 2011 3:20am Dec 22, 2011 3:20am
Quoting Bemac
Merry Christmas Aiden.
Now is the Time for Family & Friends.
Methinks ICCE may be here for a while & you can take ALL the time you require.

Gotta say though; I'm excited, given the feedback you have offered, to see what you post as a "Aiden's New ICCE"

Thanks again.

Bill
...and a merry Christmas to you and your family Bill!

I hope the new version lives up to your expectations...it is gradually taking shape, but I'm on holiday and looking after my daughter - 7 going on teenager already so, I fit in the development here and there. I will also get back to you on the feature list and the box prediction that you mentioned a few posts back...you know what it's like

To all the other contributers to the thread, merry Christmas to you all...or happy Sunday if you don't celebrate...

  • #1,852
  • Dec 22, 2011 7:36am Dec 22, 2011 7:36am
so keep up with all ya posts ... I enjoy the reading.

merry x mass and happy new year to all ya warriors.

Attached Image


emc will trade until the end

e
enjoy my life ... and ride the waves - all what I do
  • #1,853
  • Dec 23, 2011 6:31am Dec 23, 2011 6:31am
Hey Enigma4X

You could give us newbies a helping hand in grasping this concept.

Either way, wishing you the best for the vacation, if you have one where you are, we do not over here.
  • #1,854
  • Dec 23, 2011 11:16am Dec 23, 2011 11:16am
I think the main thing for me to grasp at the outset is how to locate the ICCE boxes. I plan to start by setting up monthly, weekly, daily ICCE profiles for 8-12 pairs and just observe past current and future price action on the charts. Anyway, would like to get some thoughts on this weekly EURO ICCE box.

 

  1. I zoomed out and identifed to me 4 potential areas do draw my weekly box (first chart). Second chart shows the box I chose....not sure why other than it "looked" the best to me.
  2. The closes lined up better than the other areas I looked at.
  3. It was more or less in the middle of the long-term up-trend from sometime in 2000 to 2009.
  4. It's the closest box to the current PA (maybe this is bias or curve-fitting??)

My problem is that it is from 5 years past. Not sure if that's good or bad. Is it better to have the box closer to current PA??

Also really trying to figure out what my ICCE box tells me - assuming it's an okay box.

 

  1. It looks like Price is currently at a decision point...the box top at 1.2928 can either be support, or if broken, become resistance. My bias based on the overall chart is that it will break and become resistance.
  2. If 1.2928 breaks we can have some targets for shorts of the 50% and box bottom of 1.2717 and 1.25060.
  3. Box bottom of 1.25060 is basically what I consider a huge round number of 1.2500
  4. Overall the Box seems to fit what I see on a naked chart as my long-term outlook for the pair. Making Lower Highs and Lows since the peak at 1.6000.
  5. Targets if one can get in a long-term short position. Which are also potential areas to look for bounces or long positions.

Rambling a bit here...

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  • #1,855
  • Dec 23, 2011 5:17pm Dec 23, 2011 5:17pm
Quoting Pinbar
Hey Enigma4X

You could give us newbies a helping hand in grasping this concept.

Either way, wishing you the best for the vacation, if you have one where you are, we do not over here.
The most people tend to give newer information more importance as older information. Why ? . That is a psycho think.

I realy donīt know what I should tell ya. All is written in the past in my 1000 posts. So if ya try to trade my way to rome then take some time and look into my charts from the past. All is written there. But Iīm shure u will find ya own way. Donīt know ya, but after some research I saw ya are a big trader with many internet friends. It seems to be that u understand the trading. So I think "Newbie" is a little bit sarcastic.

mmmmh what ever ... wish ya all the best

@ donkey. Great it seems ya are one of the minjority traders who is working with a tradingplan. I think there are only about 1-2% from the ff traders who use a tradingplan. It isnīt important how u draw ya box for me. The important part is that ya plan ya drawing.

cheers
enjoy my life ... and ride the waves - all what I do
  • #1,856
  • Dec 23, 2011 5:56pm Dec 23, 2011 5:56pm
Quoting enigma4x
The most people tend to give newer information more importance as older information. Why ? . That is a psycho think.

I realy donīt know what I should tell ya. All is written in the past in my 1000 posts. So if ya try to trade my way to rome then take some time and look into my charts from the past. All is written there. But Iīm shure u will find ya own way. Donīt know ya, but after some research I saw ya are a big trader with many internet friends. It seems to be that u understand the trading. So I think "Newbie" is a little bit sarcastic....
Thanks for the input E

I am not a big trader at all and, the "Newbie" comment I made was being humble rather than, "Sarcastic".

This is a problem with writing words on a computer screen, void of emotion or expression.
  • #1,857
  • Dec 23, 2011 6:28pm Dec 23, 2011 6:28pm
Quoting Pinbar
Thanks for the input E

I am not a big trader at all and, the "Newbie" comment I made was being humble rather than, "Sarcastic".

This is a problem with writing words on a computer screen, void of emotion or expression.
True Dat.

B
  • #1,858
  • Dec 23, 2011 6:47pm Dec 23, 2011 6:47pm
Good Evening Bill, I think.


Hmm, this is interesting

I evaluated this box area using a trendline and as this tl cut right through this consolidation, I decided on it after trying the other areas.

After drawing this box on the Daily TF, I found that going up Time frames actually seems to verify this area better than going down time frames.

Interesting
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  • #1,859
  • Dec 23, 2011 6:56pm Dec 23, 2011 6:56pm
Quoting Pinbar
Good Evening Bill, I think.


Hmm, this is interesting

I evaluated this box area using a trendline and as this tl cut right through this consolidation, I decided on it after trying the other areas.

After drawing this box on the Daily TF, I found that going up Time frames actually seems to verify this area better than going down time frames.

Interesting
Q) When you Change TFs, are you Plotting a New (Similar) Box?

ICCE can be distorted by Changing TF.
{12:30 on a 30M Chart does not exist on a 1Hr Chart. Therfore we are behooved by MT4's Default Adjustment Up or Down & I'm not sure which it is.}

It Only affects the Diagonals as TOP - BOT remains the same & therefore the PPZs do not change.

B
  • #1,860
  • Dec 23, 2011 6:58pm Dec 23, 2011 6:58pm
Hmm but then again, this box would explain the PA above and below the diagonal.

Makes me think, I don't know what to think.

Still, it is the perseverance that is important.

Oh, thanks Bill.

No, I was leaving the same box.
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