The Triple Screen Trading System: Elder’s Secret Weapon for Consistent Profits

In a world overflowing with trading systems, Dr. Alexander Elder’s Triple Screen stands out for its elegance and effectiveness. Designed to filter out market noise and prevent emotional knee-jerk trades, this multi-timeframe system has stood the test of time. Here’s how it works—and how you can use it to find more winning trades.

Screen 1: The Big Picture

Start by identifying the dominant trend on a higher timeframe (like the weekly chart). Is the market bullish, bearish, or sideways? This prevents you from trading against the crowd.

Screen 2: The Correction

Switch to a medium timeframe (like the daily chart) and look for corrections or pullbacks within the larger trend. This is where most traders get shaken out—but the Triple Screen teaches you to wait for the right moment.

Screen 3: The Precise Entry

Finally, use a short timeframe (like the hourly chart) to pinpoint your entry with technical indicators—stochastics, MACD, or volume spikes. This screen helps you avoid jumping in too early or too late.

Adaptation and Simplicity

The Triple Screen is powerful because it’s simple. Elder advises traders to adapt the system to their own style—whether you prefer swing trading or day trading, the principles remain the same. Keep your indicators limited, your rules clear, and your focus sharp.

With the Triple Screen, you’ll cut through the noise, avoid emotional trades, and steadily build your edge in the market.