First, the TFA Sniper itself is really quite a work of art. The complexity of the coding to create the matrix and how it appears on the chart always amazes me. It’s almost similar to creating a new kind of chart. It’s neither the time based candles (price x time) that we all know nor is it renko or range bar charts(price x price). It displays price perfectly as the other two do, while using a solid reference point that is new (price x fib). Whether this measure has benefits is to be discovered, although some people have already shown good success with it. It is easy to use, easy to understand (once taught) and a refreshing way to see the market.

Compared to most systems and especially of those that are offered for free, this is one of strongest I’ve seen. MTF (multiple time frame) is a concept that every trader is taught to be crucial in analysis, and this definitely takes it into account. The zones are surprisingly accurate, and the trades I have taken with it have for the most part been winners. The evidence suggests to me that the TFA Sniper system is a great scalper. Perhaps the downside to that is that the TFA Sniper is smart enough to detect good trading times, and being in the US with a full time job, it’s basically not an option for me to be awake when the market is. I haven’t been able to play around with the system as much as I’d like to and due to the nature of the matrix, it’s not possible to back test it. I do hope to be able to use it some more in the future if I manage to be able to trade the euro and early american sessions.

I won’t say the TFA Sniper is the grail or the savior to a bad trader’s career, but it’s certainly one that is in my opinion on the right track to thinking about the market in a correct manner.