Interesting form of using the spiral - have not seen that both clockwise and counterclockwise
spirals are used in the same chart.
My approach is different (for the rotation rules see previous posts):
I am coloring the cycles different - cycle 1,5,9 have same color,
2,6,10 one other, 3,7,11 and 4,8,12 each of these cycles too.
So every color means a different behaviour of the price than other
It is too complicated to describe the behaviour rules here in 3 sentences on how
to trade that spiral touching so I will not deepen it here (maybe one example if there is interest).
That "behaviour" I filtered out of many occurences.
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Feel free to make your own experiments.
Might be interesting to start a special thread to deepen the spiral theme and to not interfere
with the main original angle tool question here.
Last edited by GFIs1; November 16th, 2013 at 11:35 AM.
I have only been experimenting with the Spirals for a week or two, but I have been drawing both clockwise and counterclockwise, as the individual in the Wave 59 Bulletin Board, with interesting results. Perhaps a Spiral thread is a good idea.
Last edited by srgtroy; November 16th, 2013 at 08:28 PM.
No, I never got into the spiral. I was more of an ellipse guy. Wave59 is the software if you need to scale your charts and use geometry. I'm into price action now and it's a much better fit for me. When I was forecasting, I would trade my forecasts blindly, but I now prefer trading what I see, instead of what I think. Still, I can't recommend Wave59 highly enough. It's fantastic software.
Yeah, I'm intrigued by the simplicity and universality of the spiral, but I have to admit, the whole "fitting" process to me feels somewhat like applying a rorschach ink blot to the charts. For now it will remain a hobby, and not a trading tool. Perhaps if I get better at it that could change. Certainly, the Wave59 software seems perfect for pursuing the more esotertic trading methods. Thanks for the info!