Alligator Alley

Residents of South Florida are all too familiar with the risk of travelling on a certain long stretch of highway called Alligator Alley. Many an unsuspecting visitor have run out of gas along this route only to find themselves in a life-threatening encounter with an alligator who thinks that dinner just pulled up on the side of the road. This daily strategy was designed to help remove some of the dangers that so many traders deal with when trying to determine the proper time to enter a reversal trade. The key is making sure that price has run out of gas.

While no day of trading will ever be like a vacation, Alligator Alley may at least feel like a day off since you will only need to check it briefly once a day for trade signals and updates. Traders will use a combination of well known indicators with unique settings and specific rules to keep them on the right road and know exaclty when an Alligator might strike! Who knows . . . having the extra edge and the right amount of appetite for risk you may end up with a new wallet or pair of shoes. Alligator Alley is traded on the daily chart and is designed for use on the Major pairs.