Clever Tunnel method. Thank you for posting it, but I have 2 Questions:
1. I'm using Oanda and having a tough time getting Fibonacci projections to sit right...they're coming out as retracement levels, instead. Does Oanda not have this capability, or am I using the wrong tool (Fib. Fan vs. Arc vs. Retracement, etc.)? Maybe I'm just not understanding where to draw the initial line to get the appropriate projections? Can anyone clarify how to draw (or at least manually calculate) these projection levels in Oanda?
2. What does the term 'handle' mean? Like in this sentence from the Tunnel explanation: "In the fall of 2004, when GBP/USD went 20 handles up to 1.95, the daily ema's were 5 to 7 handles behind."
Many thanks!
