[tonymand]

Originally Posted by Sweet Pip

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 ...




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???

Do you now. Well I guess thats your perogative. Since the use of the fib tool on all platforms requires simply that you go from peak to trough or trough to peak depending whether you are looking for a retrace or extension this is hardly rocket science adn you had already pointed this out in a post. Hypnos is the one to decide if the response was useful or not but his statement that his fib didnt work makes no sense and clearly he did not understand your attempt to explain it so seeking clarification on that seems to me to be quite appropriate ie 'what is your problem with this'