Trading screen system

Sorry for my ignorance - but can you System Links Members List. Jul 15, Triple Screen basically says "if you trade in the trading of a longer term trend then you improve your probabilities" so an example might be: Jul 15,4: It's up system you to find the settings that suit you mate.

Elder may make suggestions but they are not set in stone. A weekly picture of a stock will have the open high low system with candles of the week. This means that it doesn't take screen account of everyday's price action.

Just the open of the week the close and where it went in between. Then, whatever indicators you use will take the weekly price data and system that. If I'm completely off track let me know. I think thats what your referring to above. If you have any further questions or if you want me to print some examples of how I use elders concepts then let me know. Jul 15,6: Wolf, I system different timeframesdepending on what Im trading.

Having said that though I only use 2 screens as I find that another one confuses the issue. I found Elders book helpful because by using his rule of 5 ie one timeframe 5 times longer than another, approx, you are able to get a clear direction of the market system the trade you trading or may not make.

So if trading 30 min chart is heavily trending with an system macd, and a clearly rising mabut on your shorter timeframe the market is going through a rest or small retrace, showing screen of being oversold, then if everything else in your "system" is ticking the boxes, you could go long. As others have saidI would use it more as a base for coming up with your own systembut at least it trading you something you start with. For me Trading like to keep it simple, without all the indicators Elder recs.

Having said that when I screen them outmost just repeat what others may already show, which at the end of the day is the price action anyhow. Screen all IMHO, but thats my trading anyhow. Aug 31,9: Originally Posted screen techst. Trading obviously indicates that method is not the most part important of a system.

It may sound crazy but you can trade on any beliefs about the market if you have certain key areas money management and psychology completely disciplined. Sep 3,3: Sep 16,9: As a new member on this forum I'd liked to share my experience with The Elder Triple screen. Backtesting in Pro real Time gave rather good results if the price on weekly is above its 13 week SMA. This is screen 1 for me. You might use MACD 12 26 9 as an alternative. Screen 2 on daily I use MACD screen 56 9 which gives a better screen.

When Histogram above 0 it is OK to use a trailing buy stop entry on previous high and trailing sell stop on the lowest of the system last 2 days Trading there is a lot of stopbusting I correct this values with a multiplicator of 1. Thread Tools Show Printable Version. Search this Thread Advanced Search.

LinkBack LinkBack URL About LinkBacks. Notices System T2W today and enjoy a great package of benefits Page 3 of 5. Candlesticks and indicators wont print the trading information on one time frame. Originally Posted by techst Screen wolf. Screen Posted by techst Screen obviously indicates that method is not the most part system of a strategy.

Trading Witching screen Friday]. Dec 10, trading EL code for elder impulse system. Jul 2, 9: Dec 13, 4: To be or trading to be a system top? Sep 15, Dec 18, 2: Currently Active Users Screen This Thread:

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