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you better have a large account . there scanner and indicator package is 500.00 a month. that is 6000.00 a year , meaning you would need to make 10% on a 60,000 account just to pay for that. that is why they move to day traders. they are targeting new traders, who think there stuff my be the grail. it is far from it.
Recently they have released a day Trader tool called the Edge, which is much less than that focused on ES daytrader, but it's basically a breadth indicator of the stocks who are above/below the VAH & VAL of the volume profile, it's useful but it cannot be your chosen tool to day trade the ES.
i know there are someone ( not verified ) overheard from other Tas users during one of the webinar ( when we can got a separate tab to chat with everyone else off topic ) using the "cross-over" signal of number of companies trading above respective value area vs number of companies trading below respective value area, or vice versa; to trade ES.
if you can imagine, i thought is quite interesting but again, i have not verified this.
Hi i didnt manage to backtest, i was not well literate in that area and i was not given full time on that bloomberg machine. it was shared among a team of us.
i did ask and many others asked similar question to the educator, his answer was kinda tricky. Because a big part of this determined by how you manage your stop, from initial stop using either HVA/POC/LVA and subsequently trailing stop using new boxes reference level or drill down to shorter timeframe for boxes reference; it become very difficult to backtest. Even for himself, he manage his stop base on experience.
so that was kinda his answer to your question, if i remember correctly.
my experience is, you definitely need to work out ur way to filter entry and manage stops. very personal and i m still learning my way.
yeah definitely... i have tried using various simple indicators when i first started and i ended with Fibonacci and candlestick pattern on equities CFD ( not avail in US) and Forex. i came to a stage where i stop losing money but i hardly make money -__- then i move on to Futures and Tas at the same time, introduced by a friend who is a fixed income trader for a sovereign fund. He used Tas for longer term on bloomberg at work (which doesnt cost him a penny, damn)
i do not tend to complicated stuff but moving averages doesnt make sense to me on commodities chart in my time frame. Personally I would prefer moving average setups for long term stock markets strategy. and i like commodities and i like swing timeframe which i think the velocity suit my personality, and hopefully the "business volume" is able to generate cash flow on quarterly basic. i wish i know other platform earlier which give me tools to analyse market profile/vol profile etc but Tas first came in my world and occupy a place till now. the first year using Tas i have turn my p/l around. I am finishing my 2nd year and i think i m improving. at this stage I cant take away Tas because i have a rather systematic approach using it. I am exploring Stage5 and investorRT, maybe one day i will survive without Tas and i will be happy to see that. I dont like having paid and being dependent on Tas.
anyone has any idea any other platform has market profile tool similar to Tas? Thank you for sharing.
