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Old 03-16-2006, 08:18 PM
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About Fibo extension
Till now I still can't figure out how to draw fibo extension in MT. My problem is how to drag second line to retracement Swing Low/High?

Sorry for my stupid question.
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Old 03-16-2006, 08:24 PM
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Quote:
Originally Posted by phildunn
Till now I still can't figure out how to draw fibo extension in MT. My problem is how to drag second line to retracement Swing Low/High?

Sorry for my stupid question.

I am always confused i post some pictures we both can learn fibo extension right?

ok
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Old 03-16-2006, 08:36 PM
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Ok i have attached a pic where as you can see a movement from 1 - 2

now we need point [3] or a retracement where we expect market to stop and continue in the same direction as 1-2

please take a look i create another chart where i will attach Fibo Extension and some more description

Jack
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Old 03-16-2006, 08:38 PM
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Quote:
Originally Posted by phildunn
Till now I still can't figure out how to draw fibo extension in MT. My problem is how to drag second line to retracement Swing Low/High?

Sorry for my stupid question.

take a look mabe it will help
Last edited by RedJack; 03-16-2006 at 08:48 PM.
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Old 03-16-2006, 08:41 PM
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Quote:
Originally Posted by phildunn
Till now I still can't figure out how to draw fibo extension in MT. My problem is how to drag second line to retracement Swing Low/High?

Sorry for my stupid question.
Follow the pictures that I've posted.
  1. Start drawing your FibExtension like you would with regular fibs. This will get you a V. (fib ext 1.gif)
  2. Double-click the V to select/highlight it. (fib ext 2.gif)
  3. Drag the end of the second handle of the V to the end of your retractment. (fib ext 3.gif)

That's it. Hope that helps.

Keris
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File Type: gif fib ext 1.gif (11.0 KB, 287 views)
File Type: gif fib ext 2.gif (11.0 KB, 258 views)
File Type: gif fib ext 3.gif (11.0 KB, 264 views)
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Old 03-16-2006, 08:45 PM
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As keris2112 already wrote with good descriptions also you can check this chart


jack.
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Old 03-16-2006, 08:46 PM
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ARRGGG! sorry wrong post
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Old 03-16-2006, 11:54 PM
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I got it.Thank u everyone.
Last edited by phildunn; 03-16-2006 at 11:57 PM.
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Old 03-17-2006, 10:50 AM
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Quote:
Originally Posted by phildunn
I got it.Thank u everyone.

Good to hear i also learned with you

jack
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Old 03-17-2006, 01:02 PM
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phildun

do u know how to find abcd s ?

sailor
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