TCLTrader
@TCLTrader
High Probability, Low Risk Entry Pullback & Reversal Setups following the style of Al Brooks (http://brookspriceaction.com) + IBD (http://investors.com)
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Our former Meetup group has transitioned from an IBD Meetup to a Facebook Group: facebook.com/groups/7659992… We typically hold a free live session on the last Wednesday of most months (we skip August & December). The meeting is purely educational. Nothing is being sold or…
$QQQ 2Min. To get adept at finding TCL turning points, it's good to practice regularly on lower timeframes. Initially focus on High Probability With Trend trades. These are typically TCL Pullbacks or Retracements near the 200MA. Once you have advanced, you can start to add in…
$ALAB Daily. Often it's best to take profits when a stock gives clear distribution signals rather than exit after a decline has started. Often big winners will gap down or move down very fast. $ALAB gave a clear sell signal on 9/18: a Doji bar above a TCL in the Upper Danger…
$FIG Daily. This Big Cap IPO is forming a TCL Reversal. This is a good area to start legging in a long position. (for new folks: One of the advantages of doing Reversals on Recent IPOs is that we are often able to get in at the lowest low the stock will ever make. eg…
$BABA Daily. Hindsight Review. This Megacap Chinese stock has had a major run. Note how the TCLs highlighted most of high probability turning points. Today was a High Volume Doji bar, indicating potential distribution. Most of the up move is likely over. Look for a…
$SPX 15Min vs $SPXY15Min We tend to think the SPX (index) and the SPY (ETF) have identical price patterns. But often they differ. Today is a good example. Note the difference between the SPX and SPY before the selloff today. The SPX gave the TCL warning while the SPY never…
$NBIS Daily. Hindsight Review. This recent AI related Big Cap IPO was a Big Winner. Note the Low Risk TCL Pullback entry and the move to the Upper Danger Zone now. This is a good area to protect profits and exit the position completely. The Reward:Risk of continuing to…
$SPX, $VIX Hourly. Note the anomaly here. These indexes should be moving in opposite directions. But the VIX has started an up move while the SPX is mostly up & sideways. One of these has to give. I believe it will be the SPX.
$SPX Daily. The markets are at another major turning point in this area: a pending second TCL Reversal. Caution is advised. Initial target area would be the failed reversal area in June (~8% Down). Confirmation would be a big red bar. (for new folks: TCLs are drawn off the…
$SPX Daily. The market has been in a very strong up move. But we have the first TCL Reversal signal now. Look for a potential Reversal in this area. A strong Red Bar soon would be the confirmation. (for new folks: TCLs are drawn by connecting the dots & extending the line…
Tonight's Northern Virginia IBD Meetup meeting is canceled. We apologize for this. We will meet again next month, on Wed July 30th, 7PM ET. Please continue to do the homework: finding high probability income oriented setups & tracking them in Excel. We will review them at…
$SPX Daily. One of Al Brooks' teachings is that TCLs often act as Magnets for Price. The SPX has hit a TCL pullback area. Look for a market bounce in this area. A move above a green bar or a 2nd Attempt (H2 Long) will be the confirmation. (for new folks: TCLs are drawn by…
$T2108 Daily. This Worden indicator (% of Stocks Above the 40MA) has been a reliable indicator of market bottoms when it hits the Bottom Danger Zone. It has hit that area now. Look for a market bounce soon.
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