The Alligator

Warning! Make sure you understand what moving averages are and how they work before reading this lesson. Also, the following is not a traditional Alligator trading strategy explanation. Instead it is a completely different way of calculating an Alligator indicator handed down from a previous forex mentor of mine which I will now reveal for free. For an explanation of what is considered a traditional Alligator calculation and strategy you should go to Google and search for Bill Williams’ Alligator and you will find tons of good info there. This version is different from Mr. Williams’ version in that it uses both types of moving averages (simple and exponential) and it is more accurate (in my opinion) over

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December 30th, 2009 | Category: Forex Training, Moving Averages | 26 comments

Support and Resistence

Support and Resistance lines are one of my favorite indicators because they work so well at informing you where price action is likely to find support and head back up or resistance and head back down. You could literally only place trades based off of this one indicator and, with proper money management, be a successful forex trader.

So here’s what they do: Support lines tell you where price is likely to reverse during a downtrend and head back up while Resistance lines tell you where an uptrend is likely to end and head back down. Sometimes these price reversals are short lived and eventually break through the support/resistance lines and this signals to you a potential

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December 20th, 2009 | Category: Support and Resistance | 3 comments
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