Dr. Alexander Elder talks about the triple screen trading system and when I began trading, I latched onto the sense of it. I have my own version of the time frames involved but the concept was too sensible to ignore.

3. 3 Time Frames
Large. Medium. Small.

6. I know the layout
of the land

8. Price DID NOT make a
gradual correction nor a
smooth transition.
It was violent.

10. - Setup Chart
- Trend Chart
- Entry Chart