setting fibonnaci levels

[blurgirl79]

Noticed from the weekly commentary video that there are Fibonacci levels set up as follows:

Entry
1:1
1:2
1:3

i never really use fibonacci, so any advice on how to set those? thanks!

 

[TheForexGuy]

I've written a guide to setting up the fib tool as a risk/reward tool in the risk reward chapter of the Price Action Protocol.

Here is a link to the chapter...

<a class="postlink" href="http://warroom.theforexguy.com/priceactionprotocol/index.php?chapter=risk-reward-ratios" onclick="window.open(this.href);return false;">http://warroom.theforexguy.com/priceact ... ard-ratios</a>

 

[blurgirl79]

oh right, i missed that topic. thanks!!