Well, if I'm trying to "show" someone how to draw a fib extention/expansion in an uptrend, to target a take profit at a "higher" price, I would draw them according to the instructions provided by babypips school. If someone is asking for help using the software, I feel asking them "what their problem with it is", and showing a "questionable" chart example of how it's not for you.. is rather rude.
This link shows babypip's screen example...
...which sorry, doesn't draw like yours. So to make a statement as you did, may make sense to someone who's been doing it for awhile, but us beginners need something more concrete than ...
Quote:
Originally Posted by tonymand
Put them whichever way you want, depends what you are trying to show
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Your chart shows the candles in an uptrend... the retracement grid looks correct...but your extention levels are way below down...so are you doing both at the same time meaning if the trend "dramatically" (which I guess it could) reverses then are you looking at t/p levels for a "sell" trade instead???