This Trading System or more aptly described...Methodology ...accurately identifies potential support/resistance/sbr/rbs in the market then identifies both with trend and against trend set-ups via easily recognisable tech indicator patterns, confirmed by individual price action itself, as the trigger for entry.
The system/methodology utilises the triple screen approach favoured by Alexander Elder and although I choose to utilise it on the lower time frames to capture scalp/small intraday moves it can be used on any sensible combination of time frames such as 1hr (trigger), 4hr (intermediate) and Daily (longer time frame) for example, for longer 'position' trades. Effectively the system/methodology identifies high probability Reversal/Pullback and With trend trading opportunities after a pullback.
What I should also tell you is that any Trading System or Methodology derived from any third party, should really become a template for you to take the bits that you want and develop your own 'trading edge' that suits your particular tolerances/preferences/style that are unique to you. This system/methodology encompasses the essentials of technical trading, ie support/resistance, trend, and price action, indicating too how to use technical indicators to fine tune your entry.
I should also tell you that although the System/Methodology identifies high probability trading opportunities, ie the 'trading edge,' ...remember, as Mark Douglas (Trading in the Zone, The Disciplined Trader etc...) correctly states ,...the trading edge is the simple part, ...Psychology is 80%+ of trading, and I fully concur with this.
As a trader of some longevity now the Trading System/Methodology doesn't ever let me down, but I have let it down. There have been times when I didn't take a signal or came out of a trade too early, or bottled out at smaller volume traded than I should have done etc etc....In other words I had not mastered the psychological aspects at play in my own trading.
In the perfect world, a trading edge should be executed with impunity,...when the trading edge sets-up, you should trade it, no if's but's or maybe's, None of us knows what will happen once we have entered the market. Trading is simply about probabilities, ......All we know is that we have a trading edge (s) that over a historical sample of set-ups produced an overall net gain, so that when it next sets-up we know that there is a greater probability of something happening than another. The Distribution of winning and losing set-ups of a trading edge over any given sample is not known to us in advance, how can it be,? so all we can do is execute a market entry when we identify our trading edge and leave the rest to the laws of probability.
Mastering the psychology at play as a trader is the most difficult task we face, and in this respect, I am always learning. There have been times for me when Fear or Greed has taken hold, to say nothing of their cousins, Hope and Revenge....and exacted their damaging effects, meanwhile the trading edge continues to present itself, willing me to treat it correctly.