Today I stumbled upon one of his strategies which I find very interesting.
It relies on 3 different time-frames screens for your entries condition.
The Market Tide is using a weekly indicator and we will only trade in its direction. Here we use the histogram.
The Market Wave is using a 2 days oscillator to detect waves going against the Market Tide.
The third screen is intraday and used to find entries: when screen 1 and 2 are valid, we will look for a breakout.
We use previous day high and low as level for triggering our entry.
Maybe one day I will automate this system.. what do you think ?
/!\ Please note that without a good psychology and money management, a trading system is useless.
Backtest + Alerts
when i started doing this (think i got it from the same source, also Elder's) my trading changed dramatically .. so thank you for socializing this important concept .. great job! it's awesome to be able to see these charts side-by-side in TradingView.