Hey Fox,
I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further.
For instance, I close out the first week with an average lot size of 20 lots.
How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week.
20 lots average previous week
New week max - 40 lots
New week min - 10 lots
And I would be expected daily to stay within these limits in the new week? Is that correct?
Let me post this in the other group as well so you could answer wherever you'd prefer.
Thanks.
I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further.
For instance, I close out the first week with an average lot size of 20 lots.
How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week.
20 lots average previous week
New week max - 40 lots
New week min - 10 lots
And I would be expected daily to stay within these limits in the new week? Is that correct?
Let me post this in the other group as well so you could answer wherever you'd prefer.
Thanks.