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Vortex - Alternative Usages

P: 12/23/2011 9:21:17 PM

fungi

Member

Total Posts: 16
Last Post: 2/9/2012
Member Since: 9/23/2010

Merry Christmas To All!

Now that we are all in a festive mood as the New Year is upon us, I wish to share with the Wave59 community a couple of alternative approaches to the usage of the Fibonacci Vortex. After reading Earik's Fibonacci Vortex Handbook a few times and experimenting with the tool, I seem to have stumbled upon usages that are really quite extraordinary. The results are so consistent that I offer these ideas for usage to the community. It is my hope that you all can make profitable use of these approaches. At the same time, I welcome any and all questions, comments and suggestions concerning these usages.

I have written up some basic information on how to setup the vortex for these two usages on an external blog. The first post provides basic information on how to setup the vortex for one usage. This post can be found at:

http://richuncle.net/wp/?p=43

This post was written for the world at large, so some of the concepts are very familiar to Wave59 users. However, much detail was left out since the post is intended as a basic introduction. I look forward to providing additional information if anyone is interested. To be fair, this approach is based on an overlaying approach that was alluded to in the final pages of Earik's book. What I have done is extended that approach to be applied throughout a 24 hour trading day.

The second usage is explained, again at a basic level, on the post:

http://richuncle.net/wp/?p=242

There are several charts of the ES E-mini from December 2011 that are also included as posts on the site. These are meant to provide additional evidence of the incredible consistency of this approach to mapping price action. I intend to keep posting ES charts to the site on an ongoing basis.

The fact is that the information that is provided is very minimal. Partly because there is much to say about this approach and more understanding will come once one becomes accustomed to what is being presented. Since so much information is being revealed by these usages, writing about them does not seem to do it justice. For this reason I would consider presenting a webinar on the subject if the community is interested.

In the meantime I will be posting additional charts to the site and responding to any questions or comments.

Thanks to all of the Wave59 community, especially Earik, who has provided ways and means for us to enjoy an abundance only we ourselves limit.

I look forward to your feedback!

Revisions : 0 | Posted: 12/23/2011 9:21:17 PM | IP: Recorded | Report this post

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P: 12/24/2011 1:02:04 AM

SimonB

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Total Posts: 1,273
Last Post: 6/18/2013
Member Since: 9/23/2008

Pretty elaborate joke fungi, lol - I hope that's what it is......

Simon B.

Revisions : 0 | Posted: 12/24/2011 1:02:04 AM | IP: Recorded | Report this post

P: 12/24/2011 8:29:01 AM

dirk

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Total Posts: 661
Last Post: 5/21/2013
Member Since: 7/5/2008

Ok here we have another Syed........it is so' easy confirm after the movement happened and don't say anything in advance.......in the chart you must put where the market will go...no after the movement you comment that was soooo nice and perfect...........

Revisions : 0 | Posted: 12/24/2011 8:29:01 AM | IP: Recorded | Report this post

P: 12/26/2011 1:23:58 AM

fungi

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Total Posts: 16
Last Post: 2/9/2012
Member Since: 9/23/2010

I have completed a walkthrough of step by step instructions on how to forecast using the sequential vortex method. Have fun!

http://richuncle.net/wp/?p=385

Revisions : 0 | Posted: 12/26/2011 1:23:58 AM | IP: Recorded | Report this post

P: 1/30/2012 7:02:52 PM

fungi

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Total Posts: 16
Last Post: 2/9/2012
Member Since: 9/23/2010

Here is an example of an alternative usage for the Fibonacci Vortex on a daily chart. This one includes a "Predicted" Fractal Trend indicator which is turning down. Support exists in the 1290 area as indicated by the horizontal spoke and the blue spiral. Next support is the green spoke at 1260. If, instead, the market continues up into the later part of February, first resistance is up at 1369 where the red spiral meets the diagonal spoke.

The next few days should be interesting and should give confirmation for the price action that will last into the latter portion of February when the inner circle of the next Vortex is reached.

http://richuncle.net/wp/?p=613

It is also interesting to note that the timing of the red price pressure dot coincides with the timing of two red spirals of the vortex, a stronger indication of a turn. The fractal trend then follows suit and indicates a trend turn. This will be fun to watch!

Revisions : 0 | Posted: 1/30/2012 7:02:52 PM | IP: Recorded | Report this post

P: 1/30/2012 8:29:01 PM

Five8

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Total Posts: 28
Last Post: 4/29/2013
Member Since: 12/11/2011

I find there are 2 main ways to use the Vortex. First, the way I have always done using other Vortex tools (non wave59) and that is to find the size that fits the market / time frame. Every market / time frame has a vortex size that will repeat over and over and B) The high low method suggested by W59 for the Vortex. I use both, one per screen and on multi time scales.

I also find that the its the small subtle SR in T&P that give you the correct 'Click' .. I literally feel it 'click' once it fits within the market pattern.

This Vortex was setup early before the big down move. Notice the subtle S&R confirmations and notice my spoke, although it isnt on a low, it is running along a clear area of S&R and works perfectly.

And don't forget the most powerful tool of all .... a square !

Now have to wait for another great setup.

http://forum.wave59.com/idealbb/files/Capture53.PNG

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P: 2/8/2012 10:15:07 AM

amala

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Total Posts: 6
Last Post: 2/8/2012
Member Since: 9/13/2011

Thanks for sharing this writeup on the vortex. It seems to be one of the most intriguing things in the W59 arsenal and I have wanted to know more about it. I appreciate the daily screenshots. Have you been profitable with it?

Amala

Revisions : 0 | Posted: 2/8/2012 10:15:07 AM | IP: Recorded | Report this post

P: 2/9/2012 7:03:13 AM

fungi

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Total Posts: 16
Last Post: 2/9/2012
Member Since: 9/23/2010

Hi Amala,

The Vortex itself is quite intriguing as you say. The more I investigated it, the more I found to explore; and there is much more to explore! Since it is such a natural pattern it can be utilized in many ways. The sequential pattern seems to have presented itself as I was using it with the flux lines, which by the way are also very powerful.

I use the pattern to keep me in and out of the market. The pattern tells me when to and when not to trade. It provides instant forecasts of support and resistance as well as very precise timing information. When I trade with it I use it as a tool that provides market context. So when using other indicators, I look to the vortex pattern to indicate the context within which to read what a set of indicators are telling me.

For instance, lately, you can see from the latest pattern post that I scaled the pattern half the normal size, since the market is not very volatile. It appears to be indicating that the market is coiling for a large move to come. When the nature of the market changes, the pattern will clearly show the S/R and timing that can be used for the profitable trades in a more volatile market.

http://richuncle.net/wp/?p=637

The Vortex is really a deep tool. My hat is off to Earik and the community for the depth of insight and generosity in providing us with, not one extraordinary tool, but a palette of them that make for much more profitable trading by allowing us to have a unique perspective of the market that reflects that depth of insight.

It really makes trading a lot more fun!

Revisions : 0 | Posted: 2/9/2012 7:03:13 AM | IP: Recorded | Report this post

P: 4/8/2012 1:34:22 AM

ieowi

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Total Posts: 45
Last Post: 4/3/2013
Member Since: 4/3/2012

its mentioned in the vortex book that we need to use sequare scalling to use the vortex, i am having problems with that sometimes when i adjuste the square scalling it feels its like the normal scalling after all.

is that a problem ?

Revisions : 0 | Posted: 4/8/2012 1:34:22 AM | IP: Recorded | Report this post

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