[quote=“Pasta, post:1, topic:111774, full:true”]
I’ve find that I like triple screen trading by Dr. Elder but my question is CAN IT BE USED IN A TREND FOLLOWING SETUP.[/quote]
Of course. That’s its most useful application.
Here’s what Dr. Elder says about the triple screen methodology in his book Trading for a Living:
on page 235 – Triple Screen combines trend-following methods and counter-trend techniques. It analyzes all potential trades in several timeframes. Triple screen is more than a trading system; it is a method, a style of trading.
on page 237 – Triple Screen demands that you examine the long-term chart first. It allows you to trade only in the direction of the tide — the trend on the long-term chart. It uses the waves that go against the tide for entering positions. For example, daily declines create buying opportunities when the weekly trend is up. Daily rallies provide shorting opportunities when the weekly trend is down.
You might also want to read this post –
And you should look into Andy Perry’s 3 Ducks Trading System –