Candlesticks, Fibonacci, and Chart Pattern Trading Tools : a synergistic Strategy to Enhance Profits and Reduce Risk

Time Goal Analy-
sis
in the menu list.
Click the 
Draw
speed button with the left mouse button again. You
will observe on the chart a line that connects the two 
Lows
marked by
the 
P1
and 
P2
speed buttons. Depending on the Fibonacci ratio selected
in the ratio box, you can draw new time lines that are the distance be-
tween the two 
Lows
multiplied by the Fibonacci ratio of your choice.
Once you have generated the Fibonacci time goal line with two 
Lows,
you can use the same procedure to generate the Fibonacci time goal
lines for the 
Highs.
By doing so, using the correct Fibonacci ratios,
you can generate time bands.
Left-click the 
Clip
speed
button, and Fibonacci time
goal lines are saved on the
screen. You can overlay
any of the other geometri-
cal Fibonacci trading de-
vices on the screen as well.
WORKING WITH THE CONSTANT PRICE SCALE
The constant price scale is important when looking for stable parame-
ters in a product on historical data. Serious analysts will test their find-
ings on historical data f irst—before moving on to real-time trading.
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USER MANUAL WINPHI: GETTING STARTED
Select a contract as instructed under 
Choosing Data Files
by using
the 
SYMB
speed button.
Click the 
Dates
button (see 
Selecting Data f rom a Data File
section). Checkmark the 
Use one scale throughout all periods
check box.
Change the 
First record number
to any number of your choice, de-
pending on how much data you want to analyze from the historical data
f ile. Avoid accessing more than 2,000 data records, calculated as the
difference between