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Do you use TAS VEGA too? I want to try for a week TAS boxes (Seems to be Market Profile) and TAS VEGA/TAS Navigator (Both seems to do the same job, if I am not wrong).
Can you help answer these questions from other members on NexusFi?
I happen to have a conversation to another friend about Tas some times ago. you may take a look if this make sense:
Short answer to your question, Vega colors overwrite candlestick/bar. i use it bcz i find it very helpful to quickly/accurately identify if a bar close outside the box.
Hi dear futures traders
Anyone has experience using Tas Market Profile indicator? they are available on Bloomberg (where i first came across) then i use it for MT4 and now Tradestation. They got a price tag but i thought overall services and the indicators …
again, i m not affiliated to Tas and i am not promoting Tas. I think all indicators are tools, we are the mastermind behind the tools, find something handy and that can leverage your strength and improve/limit your weakness.
I started trading with very limited knowledge and Tas and educator/president Steve had given me quite some helps in term of technical knowledge and trading psychology. As much as i prefer using ordinary market profile tools, i can not trade without Tas for now. I am learning, hopefully one day, either the cost become insignificant to me, or i can work out my way trading with Tas.
Hi bmtrading9
I tend to view support/resistance as an area. i believe many others also have similar thought. if there is a key area confluence of h4 to daily and weekly, i tend to see the area got extended, or the volatility when price approaching the area become greater. so when there is a multi longer TF confluence, i often find my stop easily taken out.
which from another angle, i find it not particularly helpful if i were to use longer TF as additional reference to filter/manage my entry/exit. many times i would rather my entry is earlier and i have it approaching the longer TF, daily or weekly confluence area with some profit as buffer... instead of having my entry within the confluence of longer TF which is vulnerable. my strategy with a focus on h1 when it come to manage exit, it become not worth it if i were to increase my overall stop to cater for daily/weekly kinda volaitlity around their key area.
i have nothing to prove what i said is right, but i do have some numbers to tell me i dont need price to trade outside Daily tas boxes to be more profitable. Just end of June, I actually studied my trades (the last 600+ trades). i filtered out those trading at the same side of the daily box ( i.e. if Long, price also above daily tas box) the profitability was worse off.
would love to hear from your experience using multi TF (especially swing + daily and weekly). Thanks!
I don't trade breakouts/breakdowns (I consider myself mean reversion tried to change myself but I couldn't) so not sure if you can gain anything from me. I look at weekly, Daily, moving averages, Composite profiles etc and comes to a conclusion which way I should be trading then try to look at intra-day charts and add a position and 90% of times position will be profitable almost immediately and reverses back so for this kind of situation I will have some room to add more contracts at specified levels (I know you might be thinking averaging out but I consider it as a scale-in)...I don't have specified stop levels as I can build position up to 5/6 contracts on miniRussel or miniCrude and will take out contracts if I am not feeling right....pretty bad way to trade but what I observed is if hold on to the trade psychologically I will get rewarded multiple times but usually FEAR wins me.
I choose markets which are suited for my mentality such as miniRussell, miniCrude (Mainly because overnight margin). Currently I am trying to add miniDAX and US Dollar.
i definitely agreeable to scale in i also start to learn building up positions and i do that as well and irregardless whether current position is running =ve or -ve
i also find FEAR a tough opponent.... especially FOMO
i think trading mini is a good way to manage risk and building up size. which i think play a big part to any trading system. without this i will think an edge doesnt not exist or can be greatly improved.
thank you for sharing! i m catching up the pace going through your journal.
Hi Traders
I will be travelling for a week. Although i intend to trade i usually end up not doing much. so if you dont see any post, come back next week
i probably will do a weekly wrap up by then.... thanks for dropping by..
Hi Traders
i am back. nothing much done during last week. I have done a few trades but all not working out well. and the only good one, which is Copper on short side, i missed it as i was not with my computer during the breakout. will share more about it later when i have time.