Cruz,
And a pull of the wrong string would have you fishing for a pocket knife.
Frankly, I don't see that type of winding for a cord or rope to be handy at all, especially not for storage. But that's just me.
I coil mine over my hand/elbow, or in the palm of my hand, and then twist the coil and wrap about a foot of cord around the middle then tuck it in. The twist, then the wrap-around the middle and the tuck keeps everything in place and it rarely ever knots.
As for time to coil, and tightness for storage, I'll stack up my technique against his anytime.
P.S. It doesn't hurt that I worked one summer on a factory line coiling plastic tubing.
TJR