thank v much.
Think i understands Fat cat now too i missed page were MO talked about Fat cat is set candles that crosses and then crosses back across a line you believe to be a SR.
aliassmith wrote:bettlebox wrote:Hi everyone
read through the entire post 3 times
here my questions
If possible can respond with a picture for each question i m not the quickest of cats sorry. Or should that be "mice"
1. what is a "U" like "1U" or "2U", and how is calculated? .
2. can you do a clear picture of produce a Fat cat support.
3. I m also confused about average, i understand the formula but between which points do you calculate it. again if you can do clear picture explaining i will be able to understand it.
thanks in advance
I can help except for the "fat cat" thing.
A "U" is a unit. It depends on you what that will be. It can be 1 microlot,
2 lots or whatever.
The average is the midpoint between two equal orders.
first order long is placed at 1.2500 and you want your average to be at
1.2525 then you would place an equal order at 1.2550.