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Fibonacci Spirals - How to use them in daily trading
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Fibonacci Spirals - How to use them in daily trading

  #31 (permalink)
Elite Member
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GFIs1 View Post
Second interesting thing is when the price detaches from following one line
how fast the down movement to the next relevant line is...
GFIs1

Reminds me of PQ Wall's Bowls of Hope and Domes of Gloom.


GFIs1 View Post
To be honest - I checked the ES as well but price does not fit so
smooth as with the Dax right now.
GFIs1

ES/US much more manipulated but Dax is an emotional masterpiece, that's why the waves and the fibs have also been so present.

Cheers

Travel Well
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  #32 (permalink)
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A look at the nervous Dax with Fed and more

Another exotic spiral chart here shows how the price of the Dax is playing billard
between the fibo spirals:

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GFIs1

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  #33 (permalink)
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Fix Price - Time ratio



srgtroy View Post
It may not have to be a 1:1 ratio, but it does have to be fixed...the Slope setting would do that...

Now I have good fixing of Price - Time Ratio in RT/Investor: Setting is "IR" which means
Instrument Range based. With that setting one can zoom in or out without having spiral moves.

The Fib Spiral has to be set from a low to a high candle until a price change. Or vice versa.
I found out that it works best with 1h chart on the Dax.
Here is a pic that shows perfectly the help of the spiral within a VERY shaky week (fight around 10k):

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  #34 (permalink)
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Another time frame

Looking at the different modes of the spiral within a fixed ratio scenario.
As always a "short spiral" needs to be set counter clockwise. Here that was done too. But not within the 1h
time frame but in a 40min time frame. This is because of the very steep short on the start which is steeper
than 45 degrees. Fixing that time frame we see a nice pic with direction changes always at the spiral.
Even a prediction at the red spiral at the right looks highly probable... Very helpful - isn't it?
Chart:

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  #35 (permalink)
Market Wizard
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Results...

.. of above outlined chart gave a theoretical gain at the circles:
1) long at red spiral 287 points
2) short at red spiral 233 points
3) long at black spiral until weekend (now) 49 points

Total 569 points - and not finished - next red spiral to come

In a sideways market! Trader's paradise.
And yes - I did not take profit until now.
But things are clearer to make progress
when market indecision rules!

GFIs1

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  #36 (permalink)
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About precision

Fib circles have a very different precision level than horizontal fib levels.
If the setting on the first low/high (or vice versa) is not set precisely, then
with every turn of the spiral the mistake is a important thing and growing.
So it is necessary to put the levels on a very low time frame to draw the
spiral. Looking at a 30min level and then drawing it in the same time frame
the result will not looking good (See my previous charts).
In fact from the 3rd or fourth spiral circle the accuracy is null for decisions.
Thus the drawing should be done on a 1min or 5min time frame to be sure
that the drawing is showing accurate results from 3rd cycle up.

Will come back with a chart on this.

GFIs1

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  #37 (permalink)
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Is this same as fib arc?

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  #38 (permalink)
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bmtrading9 View Post
Is this same as fib arc?

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If the fib arc makes the spiral too - then yes!
A fib spiral consists of 4 quarter parts per 360 degrees.
Just test it

GFIs1

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  #39 (permalink)
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If you want to know more about Fibonacci Spirals, I can recommend the book of Robert Fisher
"Fibonacci Applications and Strategies for Traders"

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  #40 (permalink)
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GFIs1 View Post
If the fib arc makes the spiral too - then yes!
A fib spiral consists of 4 quarter parts per 360 degrees.
Just test it

GFIs1

It's kind of making spirals but need your help in defining ratio's. I can see 1.1618 is one of the ratio but what are the other ratios on your chart?

Thanks for the help.

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