After I talk about how to insert Alligator from my last post, now I'll tell story about the way I used alligator.
The alligator have 3 lines with different colours.
It's about Blue, Red and Green.
The blue line tell it as alligator's jaw.
The red line tell it Alligator's teeth.
The last one,
for the green line tell it Alligator's lips.
I won't write about the details of that 3 colours, but I'll tell the simple way to read it.
Okay for the easy way to read the alligator is see this picture first
I make it simple to know this alligator. The point is Green line and Red line. When the red line is in the upper side, it's mean down trend. When the red line in under side (it means the green line is in upper side).
How to know the price will reversal? I know it's my question when I study about this.
Well, if it in down trend when the candlestick is near in green line, I should get ready to waiting is it the right time to open buy position or not. I have 2 option. If I want to be high risk taker, I'll open buy in the next candlestick after closing price, but If I fail, I'll get loss. If I want to be safe trader, I'll wating until the candlestick open break redline but the probability is maybe I can't have much profit.
In the uptrend, If candlestick touch green I should get ready to waiting is it the right time to open sel position or not and also I have 2 option too same as before.
That's the simple way I analyze using alligator. For better analyze usually I'm using fibonacci and bollingerband too. Maybe next time I'll write that too.
See you next post about fibonacci.
The alligator have 3 lines with different colours.
It's about Blue, Red and Green.
The blue line tell it as alligator's jaw.
The red line tell it Alligator's teeth.
The last one,
for the green line tell it Alligator's lips.
I won't write about the details of that 3 colours, but I'll tell the simple way to read it.
Okay for the easy way to read the alligator is see this picture first
I make it simple to know this alligator. The point is Green line and Red line. When the red line is in the upper side, it's mean down trend. When the red line in under side (it means the green line is in upper side).
How to know the price will reversal? I know it's my question when I study about this.
Well, if it in down trend when the candlestick is near in green line, I should get ready to waiting is it the right time to open buy position or not. I have 2 option. If I want to be high risk taker, I'll open buy in the next candlestick after closing price, but If I fail, I'll get loss. If I want to be safe trader, I'll wating until the candlestick open break redline but the probability is maybe I can't have much profit.
In the uptrend, If candlestick touch green I should get ready to waiting is it the right time to open sel position or not and also I have 2 option too same as before.
That's the simple way I analyze using alligator. For better analyze usually I'm using fibonacci and bollingerband too. Maybe next time I'll write that too.
See you next post about fibonacci.
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