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Replies to #22970 on FOREX TRADERS
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digitick

08/27/08 3:50 PM

#22971 RE: CPTMatt #22970

I searched the doc a few times and didn't see a definition for it. From context, I assume it means a certain number of pips, but that's never confirmed in the doc...at least no where I can find.

As for Fib, I know how to draw the Fib Retracements in Oanda. I understand their meaning with regards to resistance/support/entry/exit/etc. In general, I understand Fibs, but just cannot get an Oanda tool to draw a Fib Projection or Extension (which is what the doc is eluding to).

Thank you for the link...looks like I may have to learn to calculate them manually.