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TAS boxes and indicators have been around for some time, unless I'm mistaken if its the same original vendor back in 2008-2009 when the markets tanked, TAS indicators didn't work well.
From memory they were also trying to get me to invest on one of their managed funds using their methodology, I didn't and was grateful, in a short period of time they had lost a lot of money, never used them since.
If its not the same TAS I'll stand corrected, but the boxes, indicators and everything looks how it was back then.
Trade you own method so you understand how it works not someone else's.
Couldnt agree more, the indicator itself merely a tool to help you as a technical identifier. As we all know, by now, or sooner or later, that indicator is just a small part of trading success. Risk/money management, psychology, Persistency & Consistency, personality/grit so many factors that contribute to a successful trading...
Now you reminded me that last year or the year before they do offer some Beta testing group to participate a trading signal program, either you have your broker ( only Daniel Tradings i remember) to enter trade for you base on the signal "automatically" or you get the signal then you decide whether or not you will trade it.
Not sure how it is doing now, i didnt take up because i thought i wanted to have my own way to interpreting and formulating my own signal.
Good to see more people who have came across Tas Market Profile to share. Thanks again.
Hi All,
I have traded TAS indicators 7-suite indicators and this is my experience.
TAS Boxes & Vega are cool, the indicators can work together to provide good entry (using Boxes levels) good step method (using BOX levels again), good target using TAS Vega exhaustion signals, yet the rest are quite not useful.
Second part is it mainly fits in larger timeframes for swing trading, day trading is not good using TAS.
Third, after reading BOXes & Vega for a couple of months, I discovered that I can really do without them using normal Market profile indicators with a specific lookback (1day,2day) they would provide very similar levels as it's all MP, thus I don't want to pay all that money (it's quite expensive for TAS) while I can get it almost free.
Thanks.
Good to hear from you! thanks for the comment. you are pretty straight to the point and i did find out for example, trading 1hour chart i can sort of guess it right many times how the box looks like, with a N-bars look back on normal market profile, usually 5-8bars since the lookback variance of the indicator is 7.
Also, MACD does looks alike to navigator, and lastly vega is just visual aid nothing specifically technical.
i m trying to get more understanding on how the exhaustion warning come about, which i often make use as a filter of my trading.
it is not cheap at few hundreds a month depends on your package. thats why it take a lot from me to decide if i were to commit long term
the thing to keep in mind this stuff came of the Bloomberg terminal . every think they have was developed for swing trading. they now have moved on to most platforms, and shifted there marketing in the direction of day traders . there stuff does not work well for that. it is also very over priced . they give it to Bloomberg users for free all but the scanner. i say thumbs down on T.A.S.
Yes very overpriced for a market profile indicator, the scanner is useful but for a daytrader who focuses on 1-2 instruments it's useless, may be a swing trader would benefit from it
I notice too! they have been coming out with additional features and it does like you say looks like more toward day trading on equities particularly US equities, whether or not they are good on day trtading i m not sure.
i trade swing timeframe myself and i first come across Tas from using Bloomberg, but that was during my previous job, I find it helpful in a way. so without Bloomberg, i got to subscribe Tas.