choosing hi/lo point for drawing fibs

i have found many times that drawing from the exact high of a move to the exact low will not give you the best results when drawing a fib. sometimes i find that when you take the bottom of the body of the lowest candle as the low, the fib points will line up with price alot better. but someitmes u have to set it at different points.

is there a correct place to put the high and low points of your fibo?

comon guys and gals, noone has any input on this subject?


do you ALWAYS ALWAYS ALWAYS draw fibs from higest high to lowest low?

look for articles on elliot wave. Try to count the waves and apply the fibs to this, its not neccessarily from the high to the low. Another point to consider is that price doesnt have to hit the fibs 'bang on target', as you will have difference in price quotes from broker to broker.
Also somthing that had me stumped was why somtimes the 12345 impulsive waves didnt add up to the fibs, then find out about extensions, and somtimes they are patterns, such as butterfly and bats. I still dont have a gd idea on these patterns, if u find out how to determine these i wud be interested to hear bout it.

Here i have started a thread on this general idea.
http://www.forexfactory.com/showthread.php?t=141035
Im not very good at explaining but i think the pictures speak for themseleves.