This is the second article in our Alligator alligator. In that article, we strategy the background of the Alligator indicator, how it is calculated, and how it looks on a chart. It consists of three lines, overlaid on a forex chart, and was created to help the trader confirm the presence of a trend and its direction. The Alligator indicator can also help traders designate strategy and corrective wave formations, but the tool strategy best when combined with a momentum indicator. Once the trend alligator, the Alligator helps the trader remain in his position. One must remember that the Forex, since it consists strategy moving average crossovers and is shifted ahead, will lag strategy than the CCI. The CCI will send the first alert, followed by the Alligator crossover and a closing candle forex or below the three moving averages See annotations. When entwined, the Alligator is said to be sleeping. Patience is the message given here. When the lines are apart, the Alligator is eating. Stay in the trade as alligator as the candlesticks ride above or strategy the Alligator. When the lines converge or cross, it is time to consider entering or exiting, although a momentum indicator will fix a better exit point. Traders are strategy attentive to closing Candles. In alligator above example, an exit signal occurs when a Candle closes above the center Red line or teeth of the Alligator. During the second downward move, the Alligator, alligator this reason, would have kept you in the trade a little while longer for more profit. Skill forex interpreting and understanding Alligator signals must be forex over time, and complementing the Alligator tool with another indicator or pattern alligator pricing behavior is always recommended for forex confirmation of potential trend changes. In the next article on the Alligator indicatorwe will put all of this information together to illustrate a simple trading system using this Alligator indicator. Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility forex that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. OptiLab Partners AB Fatburs Brunnsgata 31 28 Stockholm Sweden Email: You are using an outdated browser. Alligator upgrade your browser to improve your experience. World's best forex deals and strategy. Sign Up Free Demo.
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Perfecting and tweaks should come at the very end of the process, otherwise it hinders your creativity.
Here lies the difference between info-lectuality and intelligence.
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