Hi
as a newbie could someone explain to me how to do fibonnaci extension on metatrader,
cheers
Martin
A quick search for fibonacci extension revealed this…
http://forums.babypips.com/newbie-island/10400-drawing-fibonacci-extensions.html
Search and you’ll be amazed!
Cheers!
cheers mate.
that was exactly what i wanted to know.
i should have looked for myself though, just being lazy.
Martin
To use fibonnaci you have to first determine which one among the fibonnacci you will like to use. I am sure you have answer to that all ready. On your metartrader go to insert menu, then click on fibonnacci and then to one you will like to use click it then take it to your chart. On your put the cursor on the first click and hold then draw it to the second point. You can adjust your fibonnacci by double clicking the dotted line which will indicate alight on both ends. But your cursor on the point you will like to adjust, click down and drag as you wish
thanks
tradenet
already sussed it but cheers for taking the time to help.
Maritn
Another good place to find this information.
Fibonacci Who? - 3rd Grade: Fibonacci - Beginner’s Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com 