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??
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...
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