(binned per thread starter's request) Market bottom rotation trad

i was looking at this, but missed the breakout

Yep i was tracking the same actually, got alert on break but was too late on entry as it didnt pullback to fill the short.

lucky we :-)
Jan, i installed the TC2000 and trying it right now. I had thinkorswim and tradestation before, and tbh tc2000 much faster and simpler to use. Thanks for the tip. Did you select specific list of stock or you are checking or just "High cap 1000"? That should be the 1000 most moving stocks i guess.
I see they are using IB which is fine as IB has really low fees. I will be happy if you give me some tips on it. Thanks

EURUSD clean rotation structure, likely forming a bottom.

Clean rotation, strong flip rejection and squeeze afterwards. Target hit.

Hey you can also use free version of that software if you want to just test it by going to www.freestockcharts.com (using IE explorer). If you have bought TC2k subscription then make sure that you include "realtime data subscription" aswell which is additional 11 USD per month, that way you dont get delayed M1 charts.

Give me 1 hour ill write more in details how to go about TC2k in general.

Bought Wepower token with the rest of my BTC balance, looking for a rip in price currently still on 60 mil market cap, expecting 5x returns on this one over next months. Also liquidated some other tokens and putting it into Decred coin since the team is making heavy progress over last year. Referum token is next one to watch not sure when will it hit exchanges.

FIS clean rip to upside after open. The rest two did not enter play area.

Dollar tracking potential takeout of supply for long. Clean structure with even supply mark.

Riped quick, took plus 2R on it.

AUDCAD solid setup, looking for long to get filled.

AUDCAD to target, didnt get a fill on long though, moved quickly from the formed shelf.

So as for TC2000, let me clarify first of all that i am by no means associated by this company or promoting their product. I should state that becouse for the strategy/patterns that are traded here TC2000 is almost a must to use, there are very few if any other softwares that fit this strategy as well as TC2000 does especially for finding the patterns. Executing of trades can be done in any software really, but finding the patterns is the most flexible and liquid to do it in TC2000 becouse it allows extremely quick jumping from asset to asset by simply pressing down button. Its robust and simplistic software but its pretty much all it needs for such patterns.

The broker that you want to use is up to you, even if broker does not use TC2000 that is not an issue, one can still use TC2000 to find patterns and use the other brokers software to execute trades (i do this for Tradezero broker). Its clunky and a bit annoying but if broker doesnt support TC2000 there is no other workaround. Additionally to that i use private hedge fund which trades directly with TC2000 however i do not wish nor am i allowed to promote/ mention it.
TC2000 brokerage supports TC2000 directly however one does need 25k capital to trade with them, not sure about IB broker. In either way make sure that your broker is not under PDT rule, unless you have 25k capital to capitalize your account.


As for use of TC2000 here is what i do every day and how basically each trading day looks like:
-first ensure you are watching "US common stocks". This should stay the same every day no need to change it. Dont look at Dow, SP500 or any other indexes, all you need is to have this selected on "US common stocks", this ensures all largest and medium sized stocks are listed.
-second after market opens, wait 15 min and then click on Volume icon (if its not there add it trough custom filters). Make sure it points with arrow down, that will list from highest volume equity on top to lowest one on bottom. In 90% of trading days, you will only be searching trough 30% of stocks listed from top to bottom for M1 charts, the rest stocks will be too low liquid to be traded. So once you complete scan of first 30% of stocks return back, unless you are searching on higher time frames aswell.
-Re-do the scan search of potential stocks every 20-30 minutes, if you find a potential pattern place a alert on the price where takeout of supply or demand should happen. That why you do not have to watch chart live what price is doing.
-Alternatively its possible to only do search on M15 or H1 TF once a day see if there is any stock with pattern and only take 1-2 trades per day. This consumes less time, however it also has much lower reward potential at end of the month.


To add important note, being new to software anyone must begin trading in demo to get used to all aspects of software, and only move to live account once consistency is achieved for at least 2 weeks.

16,20 FEYE bought.
AMAT bought on breakout point of continuation setup.

FEYE sold for 1 R loss, AMAT sold for 2R profits. FB also 1R profit.

interesting thread man.

what is the win rate you are getting on these trade?

and how are you setting your stop loss/risk reward levels?

Win rate is 72% on avarage, considering the fact that RR is 1:1 - 1:3 on most trades. SL/TP ratios have been answered on previous pages.

Hi Jan,

thanks a lot for the tips. I just spoke to them (https://tradezero.co) and they said they do not offer to connect to TC2000 plattform.
Do you mean same broker?

Hey, tradezero does not support TC2000 as i mentioned in post above, if you want to use that broker you will need to use TC2000 for charting (to find the patterns) and then execute the orders on the platform/software that Tradezero broker uses. I use the same approach, once you find stock with required pattern, you quickly switch to Tradezero software and search for that stock in search bar and then execute the order there (as long as price has not drastically moved in between when doing the switch). It is a bit chaotic at the start but youll get used to it. Another option is to use Suretrader broker which is also great for accounts bellow 25k, their software is a bit different, however their commissions on trades are quite larger. If you manage to build 1 month of consistent positive results proven on account i can also forward you to private fund that i use for possible acceptance as they use TC2000 directly integrated.
Mind that using Tradezero broker will alltogehter cost you about 100 USD per month (40 USD for TC2000 subscription and 70 USD for Tradezero software). However 100 USD monthly should not be anything stopping a trader that wants to succeed in this proffession.
Another option is to use www.freestockcharts.com (http://www.freestockcharts.com) as TC2000 alternative however i think that you cant place alert in the free version, which is kinda deal breaker, not sure havent tested it out .

First significant high in a down trend (soft supply takeout):

It might seem unimportant information, however it often is not. When price action creates clean down trends where high and lows are expressed trough clean symmetrical volatility, often after first high is taken out price will start forming trend rotation, either short term or long term correction/flip. The very important aspect is to really focus on clean down trend and not just simplying by picking anything. When initial supply is taken out in clean trends many traders (especially institutional and larger fish players) will notice the switch in behaviour as initial supply is absorbed means that agressive buyers have shown up. That first formed higher high in a down trend should be formed on strong bullish leg where supply is taken out on significant move. No half legged or consolidated legs, higher high has to be formed with confident move where supply was quickly taken out without a fight, this will often lead to late agressive short sellers to back off or exit positions.
A clean down trend should be expressed by price forming consistent lower lows and lower highs. Lows are not as important, but highs should be progressing lower and lower wihtout formation of higher highs, this ensures that supply is intact and short sellers keep pressing. Often a question traders ask is which part of structure is actually a low or high and which one is not? It is something that takes experiance and lots of hours on charts, but in general the most important rule is to follow highs and lows that are symmetrical to overall volatility of whole down trend, that will ensure that trader is not picking micro highs or lows and un-important supply/demand areas within search.
The method described above is exactly the same for bull trend, just flipped around where focus is on lows instead of highs.