Triple screen trading system

Screen 1 - Market tide:

Start by analyzing the long term chart, one order of magnitude greater than the one you plan to trade.

The first screen uses trend following indicators to identify long tern trends. The original system uses MACD histogram to identify the market tide.
          The slope is defined as the relationship between the two last bars.
               When the slope is up, it shows that the bulls are in control - it is time to trade from the long side.
               When the slope is down, it shows that the bears are in control - it is time to trade from the short side.
A single uptick or downtick of a weekly MACD-histogram indicates a change of trend.
The upturns that occur below the center line give better buy signals than those above the center line. The downturns that occur above the center line give better sell signals than downturns below the center line.

Screen 2 - Market wave:

The second screen applies oscillators to the daily charts in order to identify deviations from the weekly trend. Oscillators give buy signals when markets decline and sell signals when markets rise. The second screen of the triple screen trading system allows you to take only those daily signals that point in the direction of the weekly trend.
Apply an oscillator to a daily chart. Use the daily declines during weekly uptrends to find buying opportunities and daily rallies during weekly downtrends to find shorting opportunities.
Stochastic gives trading signals when its lines enter a buy or sell zone. When weekly MACD-histogram declines but daily Stochastic rises above 70, it identifies an overbought area {shorting opportunity}.

Screen 3 - Intraday breakout:

The third screen identifies ripples in the direction of the tide. It uses intraday price action to pinpoint entry points.
The third screen does not require a chart or indicator. It is a technique for entering the market after the first and second screen gives a signal to buy or sell short. The third screen is called a trailing buy-stop technique in uptrends and trailing sell-stop technique in downtrends.

When the weekly trend is up and a daily oscillator declines, it activates a trailing buy-stop technique. Place a buy order one tick above the high of the previous day. If prices rally, you will be stopped in long automatically when the rally takes out the previous days high. If prices continue to decline, your buy-stop will not be touched. Lower your buy order the next day to the level one tick above the latest price bar. Keep lowering your buy-stop each day until stopped in or until the weekly indicator reverses and cancels its buy signal.