Good day everybody!

I just found this site and wish to say WOW! What an excellent resource for the budding Forex enthusiast!!

In searching for a system or two to 'play with', I read through Vegas' Tunnel and have a question that I hope somebody can answer - how do the Fibonacci numbers as shown (the "numbers of interest" being 55, 89, 144, 233, and 377) apply to the actual charting process? I have a rudimentary understanding of Fibonacci and definitely see how it can show areas of resistance & support, but most charting software shows quite differently (38.2, 50, 61.8, etc...) - how do these correlate??

Thanks for any help, and happy trading!

D.

I just found this site and wish to say WOW! What an excellent resource for the budding Forex enthusiast!!

In searching for a system or two to 'play with', I read through Vegas' Tunnel and have a question that I hope somebody can answer - how do the Fibonacci numbers as shown (the "numbers of interest" being 55, 89, 144, 233, and 377) apply to the actual charting process? I have a rudimentary understanding of Fibonacci and definitely see how it can show areas of resistance & support, but most charting software shows quite differently (38.2, 50, 61.8, etc...) - how do these correlate??

Thanks for any help, and happy trading!

D.