Vegas Tunnel and Fibonacci Numbers
Results 1 to 5 of 5

Thread: Vegas Tunnel and Fibonacci Numbers

  1. #1
    Very good day everyone!

    I only found this website and desire to say WOW! What an outstanding source for your Forex enthusiast!!

    In searching for a system or two to'play with', I read through Vegas' Tunnel and also have a question that I hope someone can answer - how can the Fibonacci numbers as revealed (the quantities of curiosity being 55, 89, 144, 233, and 377) apply to the real charting process? I have a rudimentary comprehension of Fibonacci and see how it can show areas of resistance support, but most charting software shows quite otherwise (38.2, 50, 61.8, etc.. .) - can these correlate??

    Thank you for some help, and happy trading!


  2. #2
    I believe those fib ratio differs from the fib number of interest that are lines graphed x-number above and beneath the 28ema line where x is the fib number

  3. #3
    The main base of a Fibonacci sequence is the following Number in the series is = to the amount of the Previous 2 Numbers.

    Fibonacci began his series with 2 Ones. 1, 1

    So we get the next number in the series by adding the previous 2 together.
    1 1 = 2
    Now we have 1 , 1, 2
    Next Number = 2 1 = 3

    Continuing with the exact same development we get;

    1, 1, 2, 5, 3, 8, 13, 21, 34, 55, 89, 144, 233, 377,
    Next Number = 377 233 ad-infenitum.

    These amounts are then Plotted as Pips Added/Sutracted to/from the MA.

    MA 144 pips, MA-144 pips

    The Numbers you're used to are a further calculation derived from The Golden Ratio which is achieved by Dividing some number in the Series above by the number immediatly prior to it.

    34/21 = 1.619
    55/34 = 1.617

    If you take 100% of a previous Price move High and divide it by 1.617, you receive,
    61.8% of that Price move
    If you then Split 61.8% by 1.617 The Golden Ratio you receive,

    Hope it helps.

  4. #4
    Thanks for the reply eastmeals!

    I looked through the articles indied but still didn't see how those amounts applied to a real chart. Then I re-read the Vegas Tunnel system and worked through the examples he shows. I realize that those amounts are directly related to PIPs and not some type of support/resistance regions (aka the ratios as I was supposing). When the chart has changed by 55 pips in the tube centre, sell/buy off a portion (one fifth?) , then as soon as you hit 89 do same, etc around 377 at which you should sell/buy rest if you have some left.

    This creates a lot more awareness now! Thanks for all those links - I presumed the amounts had more of an immediate relation to the ratios for the purposes of charting. I now have a better understanding of how fibs generally...

    Take care happy trading!


  5. #5
    Thanks guys! The mud puddle is just starting to apparent - a bit anyways...

    I've been studying the huge chart thread devoted (mainly) to James16. I think I'll be clearing all my templates and starting fresh!

    Thanks again!


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read more.