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:
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:
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!