Vegas Tunnel Trading System. Vegas is a nickname for a former local trader named Barry Haigh, who achieved fantastic gains as a forex trader. In his articles, he describes in his style his simple trading systems, which could be used in multiple time frames, he carefully explains the theory behind every part of the system. 2) Stops are placed above the recent market high for short positions, and below the recent market low for long positions. An example will clarify. Go to Appendix J and look at chart 38 [S & P 500 Index]. The first black dot on the chart is a classic reversal day about 3/10/03 at the third [144] fib level. This is our signal to initiate a new long position at approximately the 803 area and change. Step 1: Create a 1 hour chart on whatever currency pairs interest. I personally use MT4 platform on Oanda to follow my trades. Overlay 3 time periods: 169 EMA, 144 EMA and a 12 period EMA ( all 1 hour.) The 144 and 169 EMA’s create the tunnel. The 12 EMA is the filter and crossover indicator. Step 2. Fibonacci numbers are very crucial to trading with the tunnel especially 55,89,144, 233, and ... A type of trading strategy that has been used for some years to trade successfully in the Forex market and with other financial instruments is based on moving averages tunnels such as the Vegas systems. In summary, these are discretionary systems for swing trading which are based on moving averages envelopes. To better understand how works this type of strategy we will explain in detail a ... Overall, the EMA of 144 periods and the EMA of 169 periods form what Vegas called a “tunnel”, in other words a price tunnel. Meanwhile the 12-period EMA is used as a filter. In order to define the system envelopes we use the Fibonacci sequence and for this strategy the numbers used are as follows (these numbers correspond to a number of ...
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