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Forex bill williams fractals
examples. Contents, mathematics and parameters, fractal Trade Indicator Signals, strategy with use of the indicator. Quick Overview of Bill Williams: Trading Fractals Bill Williams. Here is what the alligator looks like: We developed a strategy called the.
This most likely means the alligator is going back to forex free trading fees td ameritrade sleep and the price action will either head the other way or consolidate. The 13-period line is called the. Below is the fractal that we want to take special note of: I drew a yellow circle on this specific up fractal. Mathematics and parameters, what Williams called the price Fractal is a graphic pattern of five (or more) consecutive price bars. Dont take any Sell positions if a fractal is formed above the Alligator's teeth. If in a fractal there are two key bars (max or min then for search of point of entry is considered only last fresh.
The longer the period of formation of fractal structure, the more reliable the trading signal given. We set StopLoss only at the level of the last fractal. We open a trade warrant at the maximum / minimum level of the shadow of the fractal candle, not its body.