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.
http://kreslik.com/forums/viewtopic.php?p=41090#41090
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
BB
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.
Example:
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.