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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):
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:
.. 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!
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.