Tflow® Forex Trading Tool: MT4/MT5 Autobox by TerraSeeds

Winning Trades in The Alien Room using TH Box Theory

Interview with Binni Ong, original creator of Box Theory

 Video Transcript Here

Hi Binni, could you tell our audience more about your trading style?

• I’m both a trend follower as well as hunting for the next trade that will produce a big move.
• For forex trading, usually have about 5-8 trades a week.
• I like to place limit order (or what we called a set and forget level), that is, determine a good price to buy or sell after a confirmed move – this is usually identified via expansion concept of TH boxes.
• I like to trade on a retracement back to strong level after a conclusive movement (in other words, from autobox language, after an expansion)

What is the rationale behind TH box Theory?

• TH Box measures the time component of a price action. Most of the time, traders wonder why some trades could move 500 pips easily while some trades moved by 60 pips and turned.
• TH Box is able to spot at one glance the time component which differentiates a possible big move versus not.
• Moreover, TH Boxes allow traders to see underlying strength of the mark

Why is it important to draw boxes?

• TH Boxes gives you clarity of direction bias.
• If boxes pointing down and it’s red colour, then direction bias is short/sell.
• If boxes pointing up, direction bias is long/buy.
• With colours, it takes a trader few seconds to identify direction.
• It’s so easy even my son who is 7 years old now could tell me whether it’s a buy or sell with TH Boxes.

Why should a trader use Autobox?

• Busy schedules – can do quick glance, save time analysis
• Gives an idea of which action to take (buy or sell) – clarity of mind is especially important when you are trading. You don’t want to switch from buying to selling, then switch to buying again.
• Lastly support resistance is the father of all analysis. With Autobox, you can form an idea of possible strong levels just by looking at boxes high and low.

What is the probability of winning by using Autobox?

• Autobox does not provide buy or sell signal. It guides the direction of price movement – whether you should buy or sell.
• It provides clarity so that when one is unsure, boxes and colours of boxes give you that concrete clue of what you should do. Just like Japanese use colours code to improve their productivity. E.g red is not good green is good.
• All the alien room trades rely on Autobox as a basis. If you ask me about probability of winning, then it’s more appropriate to take about the profitability of The Alien Room trades. Till now, for 5 moths, we do not have a losing month. Nett pips win per month is average 918 pips.
• Autobox points to us where those big moves are.