It's been a while since I did this mod, but if I remember it goes like this - connect the red wire (positive) from the fan to the yellow wire (+12V) from the molex/ide connector, and the black wire from the fan (ground) to the red wire (+5V) from the molex connector. That'll give you a difference of 12-5 = 7V for the fan. I found some of my 120mm fans wouldn't quite spin up at 7V, so I'm using a rheostat instead to cut the voltage down to about 8V for them, which seems to work. Try it and see though - if it works, your fans will be a hell of a lot quieter
Hopefully this pic might help as well: