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trading against the trend like you are doing will eventually kill you. The alligator is meant to show you when you should be in the market, but you are supposed to trade in the same direction. If the green line is below the jaw you are looking to short and vice versa. You may have noticed by now that the price can move 100 points in a few minutes and often does. If it does so when you are buying when you should be selling you'd be pissed, since you are not using a stop loss. You'll look back at your screen and be negative over $100. So you are trying to make $4 whilst at any time the trend can continue and you can lose $100. That's not a very good risk/reward ratio. Just trade in the direction of the trend. Use Brain Trend or heinken Ashi to time your entry and start collecting those 100 point moves. Sure sometimes the trend will die on you but over all you should come out in profit and that's what matters.
Also, you cant use a pic of fractals to make it look they are timing the market. Fractals are not as good as they look, you have to remember that the signal is two bars delayed. If Fractals worked as you suggest then all one would have to do to make a million is sell whenever a sell fractal shows up and the alligator is in sell mode. Alas, that is not the case.
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So we got price running away from the blue line of the alligator at a very steep angle, then we saw a bullish divergence bar and now finally we put the buy order 1 pip above divergence bar and put stop loss in this example at the most recent downward pointing fractal. You can see it in the attached image.
Finally we see the whole picture, you guys see what I am talking about now?
This is a pure gamble.
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Strangley enough they got rid of the AC (accelerator) from the chaos system in the last book.
They said it was not up to the job of faster moving charts which I am sure must apply to forex so they only use the AO now.
I must admit I like to see my gator with 3 lines and a full set of teeth !!
In fact there is another set up that uses 4 lines. I will find out what the other one is for you.
Mart
Thanks for the variant Mart.
LOL I just realize this thread is from 2005.
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Linear Mode
