Alligatorindicator
EURJPY - SHORTHave some weird movements on the MACD and Alligator. We can see price has rejected the higher fib level multiple times. We are now looking for a retest of resistance before a definitive drop down to lower fib levels. Also MACD is very smooth not showing any sign of breaking open. Waiting for MACD to open a bearish trend before we enter a sell position.
HTZ LONG Alligator indicator HTZ Long Trade - Alligator opened its jaw and entering an open mouth phase.
Take profit at $3, with a possibility for pre-bankruptcy growth.
Short GBP/CHF Alligator Position SL - 1.20827 TP - 1.16886FX:GBPCHF was in an uptrend until I saw another position to take as lips came below teeth on the 4H
I decided to take this position with the stop loss at a recent resistance
Entry: 1.19386
SL - 1.20827
TP - 1.16886
Thanks for liking and agreeing with my ideas, means a lot to be able to show my analysis as I am only still learning the ins and outs
Alligator Indicator Closing Its Mouth!Quite a bullish signal on the Bill Williams Alligator Indicator showing that it's starting to swallow its prey. I don't usually use this indicator but from what I remember when it closes its mouth it's like a golden or death cross.
IMO moving averages are the kind of thing where by the time you notice the cross over it's already too late and you should have already had a position built using elliot wave signals. I'm at a point where I've already got all my trading done for probably several weeks and am looking for ways to occupy my time such as validating my trade ideas using things I don't normally check, like this alligator indicator.
Doing so I might come across something that will be useful for timing the exit. It does look like sticking with the alligator all the way to the next bearish cross might be a good way to let profits run as long as possible. I'll make a note to check on this before selling at the end of the next bull run.