EnvisionChart

Forex and Futures Training

Bruce Banks

Multi Time Frame Trading: Top 5 mistakes Video

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Multi Time Frame Trading Mistakes:

When we start out multi time frame trading, it can be a bit overwhelming. You are trying to consolidate 2 or more time frames down into one actionable trade. Including a stop loss, entry signal, and risk parameters. In this video, we go over the top 5 mistakes that traders make when they are doing multi time frame confluence trading. These are the mistakes that can sink your account, actually make you MORE indecisive, and stop your trading altogether.

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TAS Boxes Point of Control Line Video

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TAS Boxes Point of Control Tip:

Once you’ve been trading with the TAS Boxes indicator for a while, you will notice that the Green Low Value area, or Red high value area will overlap the POC line occasionally. When the Blue POC line is overlapped by the HVA or LVA lines, it is hard to distinguish. We fix this issue by increasing the size of the TAS Boxes Point of Control blue POC line, so it becomes more visible when covered.

If you are looking for a strategy to use when we have a point of control line near the HVA or LVA check out the Plywood Formation Video here.

TAS Boxes Plywood Formation

TAS Boxes Point of control
Point of control line overlapping with TAS Boxes

How to edit the TAS Boxes Point of Control

This is one of the reasons that TAS Market Profile Boxes indicator [Read more…] about TAS Boxes Point of Control Line Video

TAS Market Profile Trading Strategy Video

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TAS Boxes Plywood formation Video:

The TAS Market Profile trading strategy that we are covering in this video is the Plywood Formation. This Is when we use the TAS Boxes Indicator, and it’s support and resistance lines to find a high probability trade. In combination with the TAS Market Profile Boxes, we wait for a specific trade setup. This increases our trade outcome by waiting for additional signals before we look to enter a trade.

The additional trading signal that we are waiting for is a Plywood formation. This is when we have the Point Of control line near either the high value area or low value area lines. When you see this happen, you can identify an area of greater resistance and support in the market, derived from Market Profile information.

TAS Market Profile Trading Strategy Setup:

We’ve gone over how to use the TAS Boxes indicator in videos already, if you are not familiar with it, please visit the page here:
TAS Market Profile Videos
We wait for multiple TAS Boxes levels to be near each other. This is because the High value or Low value areas both represent areas of support and resistance. In combination with these, we have the Point of control line. Together they can combine to form an area that represents increased support and resistance in the market.

TAS market profile trading strategy
Plywood formation when using the TAS market profile trading strategy

For Resistance Or Support in the market:

This TAS market profile trading strategy can be used as both an indicator of support or resistance in the market. If the market is below a level of R&S, it will act as resistance. If the market is above a level of R&S in the market, it will act as support.

TAS Market profile trading strategy with plywood formation
TAS boxes trading strategy with plywood formation

Additional tips for this TAS Market Profile Trading Strategy:

The Blue POC line will, at times, be directly over the Low value area or high value area in the TAS Boxes. This can cause a bit of confusion since it will be overlapped by the red or green lines. We can fix this by editing the size of the TAS Market Profile point of control line as seen in the video here:

 

If you want to find out more about how TAS can improve your own trades, check out their Boxes Videos here: (it will open in a new tab)

TAS Market Profile Site

 

TAS Market Profile Indicator: Boxes Video

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How to use TAS Market Profile Indicator Boxes

We’ve Covered the basic Breakout Strategy while using the TAS Market Profile indicator in our last video. In that video, we used the TAS Boxes indicator to enter trades when they broke the value area. In this video, we use a mix of technical analysis combined with TAS Boxes indicator for entering trades.

You can use TAS Market Profile indicator: Boxes for levels of support and resistance in the market. It outlines the upper and lower boundaries of S&R using Market Profile. The upper High Value Area defines the upper level of S&R Trading. The Low Value Area defines the lower band of S&R.

 

TAS Market Profile Indicator Technical Break-Out Method:

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Fundamental Trading: Preventing Losses Video

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Why you need to pay attention to Fundamental Trading no matter how you trade:

The two common different sections of trading are Fundamental trading and Technical trading. Now I work normally as a technical trader. A trader who analyzes chart patterns to determine possible entries and exits from the market. Even though I trade technicals, fundamental trading is part of my strategy. Fundamental trading helps me prevent unnececary losses while only improving my trade chances. It is a no loss addition to a trading strategy. This is because a quick fundamental analysis can be added on to your trading, providing you with a clear overview of the markets.

We need to pay close attention to key fundamental trading signals in order to minimize losses. These signals are in the form of key news announcements, market wide effects, and inter connected markets. In this video, we show how traders who ignore these fundamental trading signals would face unexpected trading losses.

Why this obvious example of post election trading on the ES500?

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Bruce Banks Trader And Trainer