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Forex and Futures Training

TAS Indicators

TAS Market Profile Trading Retracement Trades

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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:

TAS Market Profile Trading retracement trades
TAS Market Profile Trading retracement trades

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.

TAS Market Profile Training Video

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TAS Boxes: The height and width of the TAS Boxes Video:

We are into the series on TAS Market Profile Training Videos, and in this one we will dive into the height and width of the boxes. When we are trying to understand the key differences between the boxes, these are key factors. The shape of each TAS Boxes is determined by the trading activity at specific price points. This information is gathered, and formed in to what makes up TAS Boxes. In TAS Market Profile Training video below, you will learn how to identify the key [Read more…] about TAS Market Profile Training Video

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

 

Bruce Banks Trader And Trainer