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Fibonacci Spiral

  • #1
  • First Post: May 15, 2013 1:57pm May 15, 2013 1:57pm
Does anybody knows how to pick the center or draw thefibonnacci spiral????.....I know that it is a secret, so If you dont want anybody else to know how to use this you can send me a private message.

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  • #2
  • May 15, 2013 2:38pm May 15, 2013 2:38pm
alright.....so my thread was moved somewhere else.....coincidence???....come on folks...dont be selfish
  • #3
  • May 15, 2013 11:40pm May 15, 2013 11:40pm
I did a search of my MT4 Data and found this example, I do not know much about it so hopefully it is what you are after.

Attached File(s)
File Type: mq4 Fibonacci_Spiral.mq4   7 KB | 3,702 downloads
Trade what you see not what you hope
  • #4
  • May 16, 2013 9:27am May 16, 2013 9:27am
Quoting cja
I did a search of my MT4 Data and found this example, I do not know much about it so hopefully it is what you are after. {file}
Thanks a lot cja, but it doesnt matter if you got it installed in your mt4 if you dont know how to draw it. You need to know how to place it in the right spot.
  • #5
  • May 16, 2013 1:50pm May 16, 2013 1:50pm
I'm sorry to burst your bubble, but the fibonacci spiral is not the holy grail of trading. It's also not really too much of a secret but more of an art. You must have a pretty solid knowledge of Elliot Wave Theory to trade fib spirals well. That being said, if you go to page 27 of this online guide, they give you the basic idea of how to draw one. http://www.fibotrader.com/images/tut_en.swf
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #6
  • May 16, 2013 5:48pm May 16, 2013 5:48pm
Quoting SerenityFX
I'm sorry to burst your bubble, but the fibonacci spiral is not the holy grail of trading. It's also not really too much of a secret but more of an art. You must have a pretty solid knowledge of Elliot Wave Theory to trade fib spirals well. That being said, if you go to page 27 of this online guide, they give you the basic idea of how to draw one. http://www.fibotrader.com/images/tut_en.swf
Thank you very much. It couldn be the holy grail but it can be very useful like the retracements and the extencions
  • #7
  • Jan 4, 2014 11:08am Jan 4, 2014 11:08am
This is a fantastic tool absolutely great especially for timing. To those who say this is nonsense. What are the blue and red spirals indicate buy/sell zones?

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Attached Image (click to enlarge)
Click to Enlarge Name: fib spirals.png Size: 53 KB
Find your Favourite Pattern
  • #8
  • Apr 9, 2019 12:49pm Apr 9, 2019 12:49pm
There is no secret nor there is a "right place" to draw the spiral.

You eyeball it; You wanna see the spiral hitting nice pivots to the left (in the past), so you are expecting the price to form pivots in the future when they reach the spiral. As above, so below.

Study about the Action and Reaction lines of Roger Babson/ Alan Andrews median lines, from what I can tell it is the same concept. You can even use the spiral with the median lines, in tandem, for nice confluence points.
  • #9
  • Aug 16, 2020 1:21am Aug 16, 2020 1:21am
Quoting cja
I did a search of my MT4 Data and found this example, I do not know much about it so hopefully it is what you are after. {file}
you are actually a god

this is really strange after downloading your incredible( once you relise to set the pip placement correctly for what you are trading) open levels mtf historical

i started looking into all your contributions which are very nice - ironically i was going to message you regarding this and vola i find youve contributed something

thanks for your contributions
  • #10
  • Aug 16, 2020 1:23am Aug 16, 2020 1:23am
Quoting SerenityFX
I'm sorry to burst your bubble, but the fibonacci spiral is not the holy grail of trading. It's also not really too much of a secret but more of an art. You must have a pretty solid knowledge of Elliot Wave Theory to trade fib spirals well. That being said, if you go to page 27 of this online guide, they give you the basic idea of how to draw one. http://www.fibotrader.com/images/tut_en.swf
clicked link to go balls deep into the rabit hole

its says forbidden

makes me kinda want to do it more ......
  • #11
  • Feb 10, 2025 8:06am Feb 10, 2025 8:06am
Well,

after many sleepless nights I understood how to apply the spiral to a scale graph, I attach the Word doc in which I explain how to do it. To date I cannot yet say whether the stock will stop on the spiral of 1,618 or 2,618... but I can say that the levels are very precise!

if there are other traders on this forum who are willing to expose themselves for a constructive dialogue on GNOMONIC GROWTH I'm here!!

the indicator was modified by jeanlouie
Attached File(s)
File Type: docx AUDUSD January 13th.docx   91 KB | 202 downloads
File Type: mq4 FX5_FiboSpiral_v1_0_mod.mq4   9 KB | 232 downloads
  • #12
  • Feb 10, 2025 8:31am Feb 10, 2025 8:31am
USDJPY 15 min scaled chart:

t is the first bearish impulse that provides me with the indications to build the spiral.....for convenience see the circles as they are much more precise than the indicator attached in the previous message...but as I repeat, the levels of 1,618...2,618...are identical to those of the spiral. after a 7-hour descent, USDJPY stopped at the tick level of the first arm of the spiral.
There are still many questions I have to answer...but one step at a time!a month ago when I undertook this study I never thought I would get to this!

for convenience I will only write here: https://www.forexfactory.com/thread/...6#post15145076
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  • #13
  • Last Post: Feb 10, 2025 10:43am Feb 10, 2025 10:43am
here it is upswing from low:
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