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Originally Posted by DaveB
How do drawing retracement levels differ then? Is that the opposite way round?
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Whoa, I think you need to get a basic understanding of the tool you're trying to use!
I just found the link I was looking for (I lost all my favorites a while back) for another forum member, it's a free email newsletter and from memory gives a good introduction to trading Fibonacci levels. I'm still trying to find the link for a great flash movie on trading fibs, it had some really good examples, anyway here's the newsletter link to be getting on with......
http://www.fibonacci-retracements.com/
Mick