TAS Boxes 4 Stop Loss Levels
TAS Boxes 4 Trading Stop Loss Levels
TAS Indicator: TAS Boxes break out trading method
This is another TAS indicator training video for the TAS Boxes. Here we are going over using different stop loss levels based off of the support and resistance levels of the TAS Boxes.
Method 1: Put your stop loss level outside of the bar, or candlestick, that triggered the trade.
Method 2: Outside of the POC line
Method 3: Outside of the Opposite Value area that triggered the trade
Method 4: Outside of any technical lows/highs
Choosing your stop loss levels is just as important as your initial entry in a trade. A well chosen stop loss level for your trading can prove the difference between a strategy that falls on it's face or succeeds. When choosing what stop loss level you want to use with TAS Boxes, there are a few key things that you should pay attention.
Trading outside of your risk: this can cause you to over extend your account
Trading consistency: Choosing a method that you are not used to, can change your mindset when you are trading. Make sure to only use methods that you know and have tested.
The reason we use the tas indicator, tas boxes, for a stop loss level indicator is because the levels of tas boxes, high value area, low value area, and Point of control, all are based off of previous trading areas. They represent when the market is within the value area, and therefor cane be used for areas of support or resistance in the market.
Bruce Banks, www.envisionchart.com specializing in Futures and Forex
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The indicators and methods that I use?
Methods: Technical analysis combined with a cursory overview of the market and it’s behavior as a whole. This includes high low mapping, prior resistance/support, multi time frame analysis, technical, and market conditions from outside sources.
Indicators and platform: TAS Market Profile Tools, custom indicators, and NinjaTrader. On our site we offer both training and a TAS Tools Discount
TAS VEGA is one of the key indicators in the TAS Tools indicator suit. It gives you a clear red light green light indication on strength or weakness in the market. With the orange bars giving you even more insight into what market profile is telling you about the current market situation.
TAS Tools works on Bloomberg, NinjaTrader, Meta Trader 4, MT4, eSignal, Gain Capital, and TradeNavigator. It overlays directly on your chart to give you valuable Market Profile Information in an easy to read interface.
The TAS Tools suit includes TAS VEGA, TAS Boxes, TAS MarketMap, TAS Navigator, TAS Ratio, TAS Static PCL support and resistance indicator, and TAS dynamic PCL support and resistance Indicator.
All of these are based off of Market Map which has been a powerful trading tool used for decades to see information that isn't readily available on your trading screen.
These tools work on Forex markets, Futures Contracts, Stocks, and ETF's.
NinjaTrader offers charting and an easy to customize package, it has been my go to platform for years:
EnvisionChart Website: www.EnvisionChart.com
Trading with Tick and Range Charts For Short Term Profit: https://www.youtube.com/watch?v=u9oUT...
TAS Tools Trading Tip Videos:
TAS Trading Tip VEGA ATR Settings:
POC Line Thickness
TAS Tools: VEGA Indicator Orange Bars and Scaling Out -Quick tip-
TAS Tools using TAS VEGA and TAS Boxes For Breakout Trades
More information on TAS Market Profile Tools: