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The Edge by TAS Market Profile

  #1 (permalink)
Trader825
Denver, CO
 
Posts: 16 since May 2017
Thanks Given: 1
Thanks Received: 42

Just started my two week trial of The Edge (Intraday Market Breadth Analysis) by Steve Dahl and John Logan, and was curious as to whether anyone else has used this and their thoughts on it.

I plan to post a review once I'm done, but I'd like to give it the full two weeks before I do. It does bring up the question of whether there's other market breadth or intraday market internals via other sites worth checking out before committing to this. I've done some digging, though it seems most market breadth analysis is posted either hourly or end-of-day. Which means that so far what Steve Dahl and John Logan have created is really a first of it's kind. But again, I scrutinize everything in the utmost before committing to it so I know it's worth using/subscribing to.

Anyone's two cents would be greatly appreciated.

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  #3 (permalink)
 
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 xiaosi 
Brisbane, Queensland, Australia
 
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Just finished a trial. It's handy, especially the breadth and the heatmap for indices. I just can't seem to justify the cost for it though. Maybe more useful for US traders....

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  #4 (permalink)
Trader825
Denver, CO
 
Posts: 16 since May 2017
Thanks Given: 1
Thanks Received: 42


xiaosi View Post
Just finished a trial. It's handy, especially the breadth and the heatmap for indices. I just can't seem to justify the cost for it though. Maybe more useful for US traders....

I agree. Saw they were doing a special for $827/yr when first releasing it, but it's now at it's original price of $1,197/yr. Not cheap!

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  #5 (permalink)
 
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 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
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the thing to keep in mind is they came of the Bloomberg terminal. the use of all there tools and scanner was not created for day trading. they have moved on to other platforms and training to try and include it for day trading. i do not think you will find any edge using there tools for day trading. if you are swing trading a 100 million worth of funds ..maybe it is work 500 a month for all there toys. JS services is geared more for day trading. it is not cheep .

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  #6 (permalink)
Trader825
Denver, CO
 
Posts: 16 since May 2017
Thanks Given: 1
Thanks Received: 42

Meant to post this review a bit sooner (as the trial ended days ago), but had some life to deal with. Anyways, here it is:

I'm not going to explain exactly what The Edge is as the video on the main page of their website at THE EDGE | [AUTOLINK]TAS[/AUTOLINK] Market Profile explains it perfectly. I was simply going to touch on what I personally thought in my own use of it.

First, I do have to say that for what they're aiming for it to be, it does an excellent job. I incorporated it into my setup during the 14 day trial and it was indeed a great additional tool for trade confirmation. When the market was trending, The Edge would reflect it including it's varying degree. Though I feel I should note the more profitable trades came when either the red or green lines were above the "magical" 66% line (for more on this refer to the video on their website). This line is supposedly an indication that the ES is in either bullish or bearish imbalance and that trades can possibly be taken (with additional confirmation) upon it's touch and pass of this line. Though I noticed that only happened during more extreme periods of volatility (with it's respective gauge at 6 or higher). I do have to say though, that it was pretty darn accurate each time it did occur. However, during relatively slow and/or choppy conditions there's not much it can tell you. But I personally don't take trades very often during those conditions anyways.

Something I believe that's also worth noting is in regards to it's amount of CPU usage. I have a fairly up to date PC in regards to speed and RAM but still noticed The Edge would use around 75% of the CPU! And with my other platforms running as well it would indeed drain my computer's capacity to use them all at once from time to time. Which is not what one needs while trying to focus on trading.

And last of course, there's the cost. At the time I opted to make use of their trial, they were doing an introductory offer on their yearly subscription for $827. Which breaks down to just under $69/month. However, a few days later they ended that promotion and it's now at full price which is $1197/year or $147/month. Now, for what The Edge offers in the way of market internals put together into a tidy platform, the $69/month price is fairly reasonable. However, it really is more or less another tool to be used for confirming trades. And one needs to assess whether or not their pricing is commensurate with what The Edge offers and how useful it is in ones own trading. For me personally, I would do it at or below their introductory price, though I don't believe I could dish out their current monthly or yearly price as I've already been using other market internal tools that more or less give me the same information. Granted they're not integrated as they are in The Edge, but they're still very useful nonetheless.

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  #7 (permalink)
Meadows
Sloten, Netherlands
 
Posts: 15 since Sep 2017
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It's expensive for me .Can someone please suggest a cheaper but good alternative?

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  #8 (permalink)
Trader825
Denver, CO
 
Posts: 16 since May 2017
Thanks Given: 1
Thanks Received: 42

Hi Meadows,

It depends on what your trading. If you trade the Indices, then I would suggest a realtime Tick chart for the respective exchange as well as an Advance/Decline chart. I also keep tabs on the TRIN as well. If you're not familiar with these then I suggest doing a bit of research in how to incorporate them into your trading workflow. I believe there's even some information on them here:

https://nexusfi.com/articles/trading/Market-Internals

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  #9 (permalink)
Meadows
Sloten, Netherlands
 
Posts: 15 since Sep 2017
Thanks Given: 2
Thanks Received: 9


Trader825 View Post
Hi Meadows,

It depends on what your trading. If you trade the Indices, then I would suggest a realtime Tick chart for the respective exchange as well as an Advance/Decline chart. I also keep tabs on the TRIN as well. If you're not familiar with these then I suggest doing a bit of research in how to incorporate them into your trading workflow. I believe there's even some information on them here:

https://nexusfi.com/articles/trading/Market-Internals

I trade bonds,sure I'll look into that article.

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  #10 (permalink)
 
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 abourgeois 
Montreal
 
Experience: Intermediate
Platform: NinjaTrader/Jigsaw
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Posts: 15 since Nov 2011
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Trader825 View Post
Meant to post this review a bit sooner (as the trial ended days ago), but had some life to deal with. Anyways, here it is:

I'm not going to explain exactly what The Edge is as the video on the main page of their website at THE EDGE | [AUTOLINK]TAS[/AUTOLINK] Market Profile explains it perfectly. I was simply going to touch on what I personally thought in my own use of it.

First, I do have to say that for what they're aiming for it to be, it does an excellent job. I incorporated it into my setup during the 14 day trial and it was indeed a great additional tool for trade confirmation. When the market was trending, The Edge would reflect it including it's varying degree. Though I feel I should note the more profitable trades came when either the red or green lines were above the "magical" 66% line (for more on this refer to the video on their website). This line is supposedly an indication that the ES is in either bullish or bearish imbalance and that trades can possibly be taken (with additional confirmation) upon it's touch and pass of this line. Though I noticed that only happened during more extreme periods of volatility (with it's respective gauge at 6 or higher). I do have to say though, that it was pretty darn accurate each time it did occur. However, during relatively slow and/or choppy conditions there's not much it can tell you. But I personally don't take trades very often during those conditions anyways.

Something I believe that's also worth noting is in regards to it's amount of CPU usage. I have a fairly up to date PC in regards to speed and RAM but still noticed The Edge would use around 75% of the CPU! And with my other platforms running as well it would indeed drain my computer's capacity to use them all at once from time to time. Which is not what one needs while trying to focus on trading.

And last of course, there's the cost. At the time I opted to make use of their trial, they were doing an introductory offer on their yearly subscription for $827. Which breaks down to just under $69/month. However, a few days later they ended that promotion and it's now at full price which is $1197/year or $147/month. Now, for what The Edge offers in the way of market internals put together into a tidy platform, the $69/month price is fairly reasonable. However, it really is more or less another tool to be used for confirming trades. And one needs to assess whether or not their pricing is commensurate with what The Edge offers and how useful it is in ones own trading. For me personally, I would do it at or below their introductory price, though I don't believe I could dish out their current monthly or yearly price as I've already been using other market internal tools that more or less give me the same information. Granted they're not integrated as they are in The Edge, but they're still very useful nonetheless.



Trader825 thank you for explanation , I seen the same thing , I’m on the 14 days trial with the scanner , yes that helpful but the edge offer are very expensive , as you mentioned 69$ that can be reasonable but is the max for all that tool’s. But can share what you found on tool that gave you more and less same information .

Thank ´s

Alain


Sent from my iPhone using futures.io

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Last Updated on December 17, 2017


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