fibonnaci extenstion

I only have fibb ret. on my program. but how do i calculate fibb extension???

You should be able to do this, but there is a manual (albeit harder) way. You could draw your retracements and count the pips from the endpoints. Then extend your fibs by reflecting it over the original. It's hard to explain and I'll post a picture later.

Draw your retracements.
Count pips from bottom to top (say 100)
If you want down extensions, draw another retracement from you low to 100 pips under your low.
The 61.8 will be your 161.8 extension.

I'll post the pic later.

andersenws

pic attached

I dont get it

cantona7, firstly are you asking about expansions or extensions (just want to check), and secondly are you wanting to know how to actually mathematically calculate them, or just place them on a chart in a charting package?

Let us know and Ill try to help.

I dont have to draw them, just caluclate the fibb extensions.

My plattform fx sol only have fibb ret. not extensionslevels

Well I want to ask the same question/// I use FX SOL ,too.

Sorry for not being clear guys, it's hard to explain in words. I also use FXSOL and here's another way, for that platform. Draw your fib ret. and then draw a vertical line from the 0% to 61.8%. Then drag that line up so it starts at 100% going up. Since the line is equivalent to 61.8%, if you start at 100%, it will be the same as your 161.8% extension.

I really hope this helps,
andersenws