@Ridge_Trading Thank you. I’m still with Apex, but thinking when it’s time to move on from there I might try Blue Sky.
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Phil Caudill
201 posts
@CyclonePhil All accounts get combined into one and the other rules listed in this picture. Basically as you make money on live you unlock more of your account balance for trading.
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Really hoping topstep doesn't put me to live yet. Would love to get one last payout in before I get moved but the trend seams to be 3 payouts on a set of accounts before a firm moves you.
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@Ridge_Trading Hey bro. Are you still on Discord? Haven’t used my account in awhile, and it wiped all my groups and friends.
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@AdamMancini4 Would you take interest in a macro FBD of Mondays low at 6950?
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There's 6959 in #ES_F and lots of noisy, low vol whipsaw to start the day. 6969-72=support and we spent 2 hours there, trapped it at the open, ran to 6977 1st resistance, then rejected to 6959 1st down.
6945, 6935 below. Bulls want to recover 6964 now to pop to 6969, 77+
Adam Mancini@AdamMancini4
No volatility to start the day in #ES_F. Don't overtrade. 6969-72 support as posted at 8am and ES agrees - we've been stuck exactly here for 1.5 hours since then. Bulls need to get moving fast now 6977 1st above, then 6986 (must clear to see 93, 7003). 6959, 6945 below
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@AdamMancini4 Keeps stalling at VWAP. Don’t know if that’s something you pay any attention to? Don’t remember you ever mentioning it.
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6319 was support as posted at 8:16AM in #ES_F and it held exact 2x, but worth noting that for those who (like me) don't knife catch, the safer entry was the 10:05AM Failed Breakdown of Friday's 6323 low which I gave in ystd 4pm newsletter
6341, 6351+ remain above. Sell<6319 now
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@AdamMancini4 Pow! Finally some movement! Initial bounce at 19.
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Volatility dropped to 0 in #ES_F as we await headlines. This week all about 6333-36 (triangle backtest). Its reclaim got us long ystd for the rally to 6372 target. Overnight, it retested
No change: 6351 1st up, must reclaim to see 6356, 6361, 6365. 6341, 6333=supports. Dip<33
Adam Mancini@AdamMancini4
Note: 6319 is below 6333 if things pick up later. We do have the active Failed Breakdown from the newsletter but no volatility yet to move things (headlines) so if green on this, protect those gains if in on it.
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Note: 6333 reclaim Setup was provided in Fridays newsletter 4pm but also posted here all day Friday. Normal for price to chop all day on OPEX then finally give us a setups when regular trading resumes. Sunday 6pm opens one of my favorite times to trade as newsletter readers know
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We spent all Friday chopping due to OPEX in #ES_F. Long trigger as posted Friday/in newsletter was 6333 reclaim. We got it 630PM yesterday. Targets were 6341 (hit), 6351 (hit)
Plan today: Work done, Just hold runner. 6327-33 to 6351=chop. 6357, 6361 when it clears. Same supports
Adam Mancini@AdamMancini4
Standard OPEX day. As posted all day, 6333-27=support (two week triangle backtest) and the OPEX pin. #ES_F agrees, here all day. We got 1 nice trade off it. Back-test as posted targeted 6341 & we hit ~6341 Bulls must recover 33 next week to start us back up, or triangle morphs
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@AdamMancini4 @daytraderdad @godnogodwhy Looking to identify a support line for this megaphone with similar slope to the resistance, I find the lows from July 3rd, 8th and 16th match really well. That also contains the 4 hour candle bodies, though the wicks run much deeper. Is that similar to what you’re seeing?
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@daytraderdad @godnogodwhy Yes - I will never trade post-breakout near the highs on an OPEX day like that. Will only trade if we dip back into the triangle (which is now a megaphone)
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Patience paid. All week, I posted #ES_F built a triangle 6279-6333. Ystd target was 6333 resistance off 6301 support. Hit. Then breakout time with 6341, 6348, 6356 (hit exact) targets
Plan today: OPEX, hold runner. 6341=mini support. 6349, 6357 above. 6333/27 1st backtest
Adam Mancini@AdamMancini4
Incredible follow through & 6341 next target hit in #ES_F. As warned every hour since 8am (in case its not clear) hold runners. 6301 was support as posted at 8am to long. 6333 triangle resistance was major target, hit. 6341 (hit), 6348 were 1st breakout targets 6356, 6372 above
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@AdamMancini4 @tanman_the What do we call a bull flag that’s inverted, i.e. up trending instead of down trending?
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@tanman_the @CyclonePhil Overall action is extremely bullish, but we're at range resistance so have to give it time to balance out the structure again after the 80 point rally we've had
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We continue to push after CPI & all positioning was done yesterday/Sunday, nothing to do but runners. 6261-63 was triangle support (held Sunday), 6330-33 triangle res (hit last night). 6346, 6353, 6367 if #ES_F wants more bonus upside
6330=micro support. 6319, 6305 below
Adam Mancini@AdamMancini4
Huge follow through in #ES_F. As posted here/in newsletter since Fri 6261-63 was triangle support. Held exact. Targets were 6311, 6330-33 triangle res (here now). Big win ahead of CPI, hold runner Plan: 6346, 6353, 6367 if ES wants more. 6319, 6305 1st retraces. Watch for FBDs
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What do we call a bull flag that’s up trending instead of down trending? A distribution pattern?
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@AdamMancini4 MES spiked to 6349 on CPI while ES hit only 6343.
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While volatility in this context is extreme, lvls still respecting with precision in #ES_F. I posted below 5975, we test 5957. We lost 5975, sold to 5957 exact & bounced. 5975 has to recover now to work back up to 5985, then 6k. Bulls can run above it
57 fails, 5944, 5925 next
Adam Mancini@AdamMancini4
After a 45 point rally from 6k reclaim long trigger at 8am this morning, to 6045-47 target in #ES_F, we spent all day basing with no vol. Geopolitics bringing us some evening volatility now. Same setups apply: 6k reclaim starts ES to 6007, 6015, 6029 again. 5975 fails, sell 5957
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@AdamMancini4 That May 19 high, we struggled a long time to get past it. Many wicks passed, but no true breakout until this past Friday. Now two overnights have perfectly backtested it.
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Incredible action in #ES_F. 6k-6020 was the range all yesterday, with 6014 reclaim triggering long as posted. Targets were 6029, 6040, 6050. We got to 6040 overnight, then sold back into range
Plan: Same drill. 6k=support for FBDs. 6014 reclaim sees 29, 40, 50+. 5985 below 6k
Adam Mancini@AdamMancini4
Big evening follow through on the long in #ES_F. All day (after we held 6k support), I posted to hold longs for the breakout. 3 targets were given: 6029 (hit), 6040 (hit exact). Newsletter readers were also given the 6014 reclaim add which triggered 830PM. 6050 next, then 6072
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Big Picture View #ES_F: As posted last Saturday, since May 13th, ES built a massive inverse H&S pattern with 5850 support & 6k neckline. On Friday, ES attempted breakout
Plan Next Week: 6k, 5975=supports. As long as above; 6056, 6072, 6170=targets. 5975 fails, dip 5920-25, 5850
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@AdamMancini4 Looking like we’re starting a new megaphone up here, maybe?
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After a 36 point squeeze, its mid-day chop time in #ES_F. After selling to 5956-61 support, I posted the 5975 Failed Breakdown would target 5985 (hit), 5994 (hit), 6k (hit). Hold runners now. 6k-5975 remains stubborn range
6014, 6030, 6044 when ready. 5985, 5975 remain supports
Adam Mancini@AdamMancini4
As a Failed Breakdown trader, lvls like 5975 are how I pay the bills in #ES_F & after *11* tests we saw 2 big Failed Breakdowns today After selling to 5956-61 support, I posted 5975 reclaim targets 5985 (hit), 5994 (hit), 6k. 6014, 6030, 6044 whenever range clears Same supports
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@AdamMancini4 @NearVoid12 Do you like the macro FBD of May 26th low? 5862.75
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@NearVoid12 Not sure the question. There's no law saying price has to do anything. Some days are strong days, some days are weak days. You take the setps, manage level to level, leave runner, repeat the next day
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Back to ground 0 in #ES_F: Today's setup was test 5877, recover the 84 yesterday daily low. Targets were 5910, 5920-25, both hit. I posted 5877 had to fail to see any sell & underway now
Same routine now. 5877 must reclaim to see 5890, 5910, 5920-25. 5850 next support, then 43
Adam Mancini@AdamMancini4
5920-25 next target hit. Today's plan was same as everyday, wait for the failed breakdown. I was looking for #ES_F to tag 5877, then recover yesterdays 5884 low. We saw exactly that. Targets were 5910 (hit), 5920-25 (hit). Big zone here. Trend above to 5936, 5945+. Sell only<77
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@AdamMancini4 This falling trending from the 19th and excluding the Nvidia spike, has had a lot of touches!
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5920-25 next target hit. Today's plan was same as everyday, wait for the failed breakdown. I was looking for #ES_F to tag 5877, then recover yesterdays 5884 low. We saw exactly that. Targets were 5910 (hit), 5920-25 (hit).
Big zone here. Trend above to 5936, 5945+. Sell only<77
Adam Mancini@AdamMancini4
Quick Failed Breakdown to start the day in #ES_F. As per yesterdays 4pm newsletter/8am tweet, 5877 was support, with Failed Breakdown of 5884 trigger. We sold to 5877 *exact*, recovered 84 rallied to 5910 1st target. Leave runner 5920-25 above, then 5936, 5945+. Sell<5877
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@AI_with_Vinit @elonmusk That’s actually quite funny. You do know that the tax breaks were specifically designed to exclude Tesla, right?
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@elonmusk Elon talking about illegals while his companies live off tax breaks, exploit foreign labor, and dodge regulations like it’s a sport — man’s out here speedrunning hypocrisy on hard mode.
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