Bettina!Bettina wrote:Hi Immy,
question on alligator being open : I remember the setup book, that says : to judge whether the alli is open or not, we look at the end of the tree line.The arrows take the current values, so a dot might not be an arrow, but our eye says open. Is that correct ?
( Steve confirmed, that he takes the current values ) . The slip mostly is not much, but if it was'nt important, you wouldn't have designed the allis like this ( I guess :-B )
E.g. that was the case in my last EU trade.
Bettina
Thats exactly why I say, when you see an Arrow, 1. Check if Setup 1 requirement have been met. If Yes, then physcially EYE the m5 chart. If Alligator seems to be open, and (VERY IMPORTANT POINT) that it has already broken the first AIMS Level outside its sleeping/closed mouth, then you're good to go. Eg.. There was setup 1 on M5, you did not take it, now it broke out, and retraced back to alligator lines, lets say green line, you check m1, and you see Setup 1. You'd take the setup in the direction of the M5 (in the direction of the alligator's mouth on M5) This way you're trading within a wave and you're most probably end up trading the impulse wave of that bigger wave. (Trade Impulsive Waves within Impulse waves = A Setup is A Setup is A Setup)
So yes, visually some times, the mouth looks open to one side but if you look at values they are at the same level. This is not a disadvantage or a bug this is the purpose of Gator. it shows you its open, without the shift you wont be able to see this.
cheers
ps: Bill Williams designed Alligator using information from the Science of Chaos and Fractal Geometry.
