Chris Morcone
3.4K posts
Chris Morcone
@CmorFlyTrader
OTA MM, Futures & Stocks, BTC, Fmr: Series Lic, Fideilty Investmemts, RIA's, Fund Co's, Private Owner, CSL/ HIC CSFA, Baseball ⚾️ Born & Bred, Art of Culinary
MA Katılım Nisan 2020
53 Takip Edilen18 Takipçiler
Boom! can you say AMD!
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" AMD Map..."
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Difference btn accumulation,Manipulation and Dustribution
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@AdamMancini4 Ive been out of the mkt... why it selling so hard? Big boys shorting NVDA and AI?
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6642 was support today as posted and it held two times for big bounces then gave out in #ES_F. I posted that 6642 fails ES sells to 6633, 6616, 6605-10 and we arriving at 6605-10 now.
Bulls will need to recover 6642 to squeeze hard now. 6593, 6581 if we keep retracing lower
Adam Mancini@AdamMancini4
After dipping all day ystd, #ES_F gone nowhere since 3pm. Last eve we got 2 quality Failed Breakdowns of ystd 6658 low per newsletter & ran to 6685. Decision point here Plan today: 6642=support. Bulls must hold/recover 6670 to see 6685, 6700+. 6642 fails dip 6633, 6616, 6605-10
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@AdamMancini4 @UmerAshraf2000 Saw that earlier.. figured it out if you scroll up and read a bit more. No prob.
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@UmerAshraf2000 Yes typo, 6461-65. We'll test 6361 too though at some point this week
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Theres 6420 target hit in #ES_F and perfect example of my core setup: Failed Breakdown all posted live. 6384 was morning low. We flushed it to 6371. I posted 11:55AM 6384 reclaim triggers to 6394, 6402, 6407, 6420. Ride runner
6429, 6461 next. Newsletter out soon with next entry
Adam Mancini@AdamMancini4
Perfect follow through on the long in #ES_F: We sold this morning, which means a squeeze is always incoming on a Failed Breakdown. At 11:55AM I posted 6384 reclaim sees 6394, 6402, 6407. All hit. 6420, 6429bonus Bears control<6461 which was Breakdown short zone from newsletter.
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@HagglundKirk THat's OPEX! Worst price action of the year without rival
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We continue to push in #ES_F following the 6469 flag support reclaim posted at 11:48AM and on OPEX day, this is as good as it'll get. 6477 was 1st target up (this is likely the OPEX pin), hit. Minor resistance at 84 here so lock in more gains. 6488, 6497 above.
Sell<6469
Adam Mancini@AdamMancini4
Traders getting a lesson in what OPEX is like #ES_F. As warned since 8am, expect the worst trading day of the year. Setups still working though. 6469 was support & after flushed I posted at 11:48AM that reclaim sees 6477. Hit exact. *Protect gains* 6488, 6497 if we unpin
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@AdamPlotkin Yes as I often say if trading were as easy as trading the obvious data everyone sees, everyone would be rich, markets trap
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There's 6477 hit in #ES_F and clear example how my system works: Trade was planned in advance and given in newsletter 4pm (test of 6454, Failed Breakdown of the Tuesday 6461 low). We held 6454, recovered 6461, long. Targets were 6469 (hit), 6477 (hit).
6488, 6494, 6503 next
Adam Mancini@AdamMancini4
We are back at 6469 & clean newsletter long just played out in #ES_F. Failed Breakdowns require fast "elevator down" sells & we saw one. As written ystd 4pm, test of 6454 then reclaim of 61 triggers up & at 69 now. Protect gains. 6477, 6484, 6488+ above. 54 fails, next leg down
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@AdamMancini4 Perfectly called & executed. Have to hand it to you. Never ceases to amaze
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@TraderMerlin Gees sorry Merlin. I feel ya. You're welcomed to chat.. I talk w Jeff Manson all the time. But I hear you.. its like when you buy a new car then all of a sudden you see that car everywhere. It then becomes a mindset and a how to overcome it!
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Why is it that after you break up with someone, every song that plays is a sad/breakup song?!? FML!
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@ruiqiwt Quite abit of that is just intuition from screen time. The levels are the levels but usually the size of the entry setup one can roughly "measure" how large a move will be (small failed breakdowns of smaller zones lead to smaller moves etc)
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There's 6325-30 target tagged exact in #ES_F. At 8am today, I posted the targets for the breakout of the 3 day triangle (with 6311 resistance) were 6319 (hit), then 6325-30 (hit). With both hit, runners handle any push to ATH's. 6340, 6350-52 are bonus today
6311 remains support
Adam Mancini@AdamMancini4
Low vol summer trading in #ES_F, but targets still hitting. 6311 was 3 day triangle resistance as posted since yesterday. Targets today for its break given at 8am were 6319 (hit), 6325-30 (0.5 points shy). Anymore just bonus now (6340+) 6311 now support, below which we dip 6298
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Been Patiently waiting for $BTC to follow through on that bull flag pattern. Today, #Bitcoin is starting to rip! We could see all-time highs later today. If that happens, there are a LOT of leveraged shorts going to be liquidated!! LFG!
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@AdamMancini4 @Poopieshoe23 @WestNyc1 Fade them as in building you longs off the failed breakdowns or
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@Poopieshoe23 @WestNyc1 That's what I need in order to trade - my edge is trading the bear traps. I need fast sells that gets people chasing short so I can fade them
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Not possible for action to get more precise in #ES_F. Failed Breakdown 6050 triggered long as posted here/in newsletter. 3 targets given for today 8am: 6067, 6076, 6081. We hit 6081 *Exact* & sold. Work done, hold runner for bonus
6093, 6099=bonus. 67 (held), 50 remain supports
Adam Mancini@AdamMancini4
There's 6081 final target hit *exact* off 6050 support in #ES_F. This 6050 Failed Breakdown long was given explicitly in last nights newsletter & support also posted here. Today's target set was 6067, 6076, 6081. Hold runners, ES coiling 6093, 6099 1st bonus set. Same supports
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@smaragio Sorry I missed you in Natick.. hope alls well. I tried to rally the guys too..
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No zoom meeting today. Having a class in Ft. Lauderdale. :-)
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@AdamMancini4 @fund102 Adam, I've been following you for a long time. U amaze me. Great stuff. Now the only thing I dont have is volume nodes.. when you mention good shelf.. ill have to figure that out at some point. I read your subscription notes every day..
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@fund102 I don't trade based on Iran, I just wait for my failed breakdowns, react, close platform. Long only, never short, same setup everyday. In high volatility its easier because we get the elevator down to short squeeze sequence from newsletter
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Despite headlines in #ES_F, lvls remain pinpoint precise. I posted last night 5925 was support, with 5975 reclaim needed to trigger back to 6k target. 5927 was the overnight low, we reclaimed 5975, hit 6k target. Done
Plan today: 6007, 6015, 6029 above 6k. 5975 must hold or dip
Adam Mancini@AdamMancini4
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
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@CmorFlyTrader Can at least count on war to bring volatility in ES when nothing else does anymore. Will be an incredible short squeeze off this soon
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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
Adam Mancini@AdamMancini4
Extreme precision & #ES_F likes 6045-47. 6k reclaim was today's entry with 6007, 6015, 6029 targets. All hit. 6036, 6045-47 was bonus, and we've been at 47 exact now for 3rs. Hold those runners. 6056, 6064+ then onto new highs when ready 29 remains (held once) support, dip below
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@AdamMancini4 @ESFuturesT41922 Agree news acts as a catalyst to levels
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@CmorFlyTrader @ESFuturesT41922 Sometimes market just needs a little push from something external to get these backtests
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@ESFuturesT41922 There's the 75 backtest everyones been waiting on!
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@EliteTraderFund @ICT_apprentice_ @kanwal_etf @UncleBugatti What type of role are you looking for? As you may be aware Im part of the trading group headed up by who I call my mentor Jeff Manson of The Market Institution. Jeff was originally one of my favorite instructors back in the Trading Academy days for me since I believe 2011-14.
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@ICT_apprentice_ @kanwal_etf @UncleBugatti We are always looking for talented people who are passionate about ETF and helping others. Send your cover letter and resume to jobs@elitetraderfunding.com 👍
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Great googly moogly!
status.cloud.google.com
Major outage across the globe! Please hold off on any trading as Tradovate is impacted as well
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