Triple screen trading

Hi,

would like to request fellow traders to give some idea about triple screen trading.
Thanks,
happy trading

It's awesome, but not as cool as QUADRUPLE screen trading =D

In all seriousness, it depends on your trading style. I know some folks who only trade from their smartphones.

Ummm... Ok, I'll bite. I am still not sure you are not just having a laugh.

I don't think he means LCD screens . He is probably asking about a trading methodology recommended by Alexander Elder in (at least) one of his books, he calls it "The Triple Screen".

As long as it doesn't lead to an "analysis paralysis" condition, the more you can filter actual market conditions and especially along a multi-timeframe approach, the more accurate your entries and overall decisions will be.

But (this for the MTF), be sure that you understand the correlation of each timeframe with the next one both sides and to the rest as a whole moving picture.

Here's a really thorough 8-page description of TST, for those who don't know the details:

http://www.investopedia.com/articles.../03/040903.asp

Oh, Oops! I thought he meant LCD screens, not timeframes.

Well, multi-timeframe trading is certainly a possibility. But to emphasize what doblece says: make sure to avoid paralysis of analysis

In fact it's not only timeframes, but using three different kinds of indicators to gauge the three different behaviours of the market.

My special thanks to doblece (for giving the link to investopedia) and PipAdder who has successfully catch the ideas of my mind (Dr. Alexandar Elder's books).

I will soon post my feedback after reading the article published on investopedia on the subject.

Thanks to Ronald Raygun, because he is the first replier to this thread.

Regards,
Rupesh

Dear doblece,

It's almost same on investopedia's site as in the book named Trading For A Living, written by Dr. Alexander Elder, regarding Triple Screen Trading.

But one thing which I find very useful about the link which you have forwarded me is that ...that the article had many more links which covers many more interesting as well as useful information about other indicators, etc.

Thanks brother.

And hope all fellow traders will share useful information which each other in the same way in future also.

Regards,
Rupesh

Hi, I wrote an EA and did some backtest on different approaches of Triple Screen Trading. For EURUSD, the best backtest result is 31% annual return if you trade a daily chart and each trade risks 2% of the account. Please look here for some ideas.