DislikedThanks EE
When the alligator on M5 opens add on on every fractal until either the AO peaks or if you have enough patience and stronger belief system, wait for divergence possibly get more out of it.
But also depends on your belief system, your patience levels and understanding of the structure of the market. e.g if you are short maximum lots and price moves considerably, (to know what is considerably requires experience and understanding of chaos IMO...) and have enough pips in total do you bank profits or play the game a bit more? its freedom...Ignored
I have been working BW theory on and off over the last year +, usually with my own spin. Your comment on alligator opening finally struck a chord on what I have been missing with it. Other than filtering fractals with red line, the alligator hasn't done anything else for me. Thank you for the simple insight. I remember now how much BW put into the alligator and how little weight I have been giving it compared to other components of chaos.
Do you also drop to 1min to build your position based on the 5min or do you trade each time frame independently using the wave structure on the AO of each TF.
Consistent pips to everyone here.