TAS Market Profile Trading Retracement Trades Video:
In this TAS Market Profile Trading video, we go over how to identify, and enter a trade with TAS Tools. We are using the Retracement Trade entry where we focus on a pullback to S&R. Using the TAS Boxes levels, we identify a pullback in the market, and execute a trade with less initial risk.
While this strategy provides entries with a lower risk, they are less common. Therefore we will use this strategy as a secondary to other TAS Tools entry strategies.
The key to this trading strategy:
TAS Boxes
When you identify a trade without TAS Boxes, most technical traders are looking for support and resistance in the market. We understand the key areas outlined by price action trading. TAS Boxes here is used in combination with a classical analysis, to re enforce the trade you were already considering. It can be used as a further factor in your trade, and provide extra confidence. This is because the levels outlined by the TAS Market Profile Boxes are from Market Profile information. We use the area outlined by actual trades to find the value area, and market S&R.
Low initial risk:
Each trader understands how important initial risk is, especially in a volatile market. We wait for a retrenchment to within 20% of the height of the box, the fair value area, to pinpoint low risk trades. When we use TAS Market Profile trading, we can see these key levels where buyers and sellers are in agreement.
Bruce Banks