SomewhatNewbieTrader

223 posts

SomewhatNewbieTrader

SomewhatNewbieTrader

@NewbieMkTrader

ES trading, long uranium. Nothing I post should be construed as financial advice. Do your own research.

NJ Katılım Eylül 2024
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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
Can't get into my account. Can't access X on Chrome. Rebooting with this account
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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 Got long RTH when the re-test of 21 range support flushed/held (after 37 pt drop--clear trap). Sold my runner at the re-test of the pre-market highs. Easy day. Thanks
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Adam Mancini
Adam Mancini@AdamMancini4·
Massive follow through for #ES_F and like every Sunday dip, it was bought with a Failed Breakdown. Trigger was the 7398 failed breakdown given in newsletter. We swept it last eve, recovered. Targets given 8am were 7421 (hit), 7435 (hit), 7458 live. 7472, 7496 bonus from here
Adam Mancini@AdamMancini4

Red open for #ES_F last eve but as usual Sunday, it was bought via Failed Breakdown. Per newsletter, traps of Sunday 7398 daily low trigger long. We lost 7398, reclaim, ran +20 Plan: 7398=support, 7377 below. Keeps 7421, 7435, 7458 live. 77 fails 7364 (watch traps), 7345 next

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lei makaike
lei makaike@Sparklygigi007·
@TheHealingTrade @AdamMancini4 It's both. We've been in a parabolic rally, and now it may be we see some consolidation and digestion of this huge move. Put it all together.
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Adam Mancini
Adam Mancini@AdamMancini4·
Today we finally got setups for 1st time since Monday in #ES_F. As day traders, we only care about volatility - not direction, but typically down=volatility. I posted watch traps of 7355. We swept it to 7345, recovered. 7369 1st profit take, hit. 7377+ above. 7332 next support
Adam Mancini@AdamMancini4

We've finally got volatility in #ES_F and that makes trading easy again after days of grind from Monday's 7199 long. 7369 was support, and we bounced ~20 points off it, then rejected. 7355 next down (watch traps here). 7369, 7377 above. 7332 next below if we keep dipping

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@TheHealingTrade @AdamMancini4 Parabolic rally -- description of the action of the past (5 weeks), not a prediction of the future. "Correction" -- hopefully. But again not a prediction of the future. Wait for the setups and trade level to level
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The Healing Trade
The Healing Trade@TheHealingTrade·
@AdamMancini4 Last night you send we're in "parabolic" rally in NL...what happened to that remark? Today you're now saying "correction." That's a big change from overnight...Please address that, thanks!
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Adam Mancini
Adam Mancini@AdamMancini4·
Lots of chop now around the 7120 magnet which now an ATM machine. Its reclaim Sunday eve gave us the rally to 7180's this morning. At 11:30AM, we then held exact for 20 points. 1hr ago, we reclaimed and ran to ~7135 1st up. 7120 reclaims see 7135, 7147-53. 7104, 7085=supports
Adam Mancini@AdamMancini4

Very good to see some mild volatility returning in #ES_F. After Sunday's 7085 backtest long OR 7120 Failed Breakdown, we ripped to 7180s this morning. 7120 then became support. Held exact 11:30AM for 20 points, failed 7120 must reclaim to rally to 7135, 7147. 7085, 7058 below

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@StephenJ223624 @AdamMancini4 It is for illustrative purposes. The other pic has the 2 acceptance protocols with no bars. I believe Adam has said he doesn't use bars, only line charts, never less than 15 minutes.
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Stephen J
Stephen J@StephenJ223624·
@AdamMancini4 In the methodology sections you have a 2b buy chart, do you actually buy above the High of bar that breaks the significant low? NL seems different than this? I assume illustration purposes? the other examples show pink,red, green candles? What type of candlesticks do you use?
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Adam Mancini
Adam Mancini@AdamMancini4·
Key to remember the defining feature of an edge is repeatability. If you are doing something different on every trade (different setup, different management), you likely arent exploiting an edge. For me, its the same setup, managed the same, day after day, trade after trade
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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 thank you! Oh wow. I bought the 24 recover. As I was putting in the details for a stop loss / take profit. I see that it's taking off. So I cancel, clear the screen, and sold it all . . . +50 on a 3/4 position! What a gift
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Adam Mancini
Adam Mancini@AdamMancini4·
Closing update #ES_F: No change, bears control until 6575 (starts the squeeze) then 6592 ultimately recover. This is the 9th Thursday in a row ES has been red. If grind continues 6524, then 6505 next below. Newsletter out soon talking triggers in advance of 6575
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Adam Mancini
Adam Mancini@AdamMancini4·
Little to do now in #ES_F but wait for next trigger. Today's targets given 8am was 6604 (hit), 6623 (hit), 6638. We got to 6623 then sold. 6575 failure then triggered lower and supports were 6542 (spent an hour here), 6524 (incoming). 6505 below. 6575 must recover to squeze
Adam Mancini@AdamMancini4

Slow grind down now in #ES_F with our points in the books little to but wait. Today's target off 6575 support (6592 reclaim trigger) were 6604 (hit), 6623 (hit), 6638 (not yet). Bulls must recover 6575 now to see 6592. Bears control below 6592. 6542, 6524 next supports down

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 I got my points last night, thank you. Will be very selective about entering in this chop, if at all.
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Adam Mancini
Adam Mancini@AdamMancini4·
The range is finally expanding a little in #ES_F from that chop range and there's 6703 next support down hit. 6716 must recover now to rally again. We already got that reclaim once and we ran to 6735 and rejected. 6690, 6678/72 next down if the retracement continues from here
Adam Mancini@AdamMancini4

Muted 1st FOMC reaction. 6716 support & I posted to watch for sweeps of it. Before FOMC, we lost it by 1 point, recovered, and popped. 6735 was first big resistance up, hit. 6743, 6749, 6764-70 if #ES_F wants more. Bears control until 6764-70 recovers. 6703, 6690 supports now

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Adam Mancini
Adam Mancini@AdamMancini4·
After a 130+ point straight rally from the 6832 Tuesday Failed Breakdown, #ES_F finally getting its first routine "elevator down" retrace - and it took long enough. Dip continues until we get a reclaim. 6925-30 must recover now to see 6943+ 6918 (here now), 6904 next supports
Adam Mancini@AdamMancini4

*Finally* the first small injection of volatility/retrace for #ES_F since Tuesday morning when our 6832 Failed Breakdown originally triggered. Bulls must recover 6943 now to work up to 6961, 6971 (already hit), 6980. 6925-30, 6918, 6904 next supports if we continue small retrace

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Adam Mancini
Adam Mancini@AdamMancini4·
Note: 6857 is minor support as well obviously being 1st target for the 6847 reclaim long. Newsletter trajectory tracking well so far and 6877 will be a big test. While bulls control clearly, Be sure to watch the "bear case" closely today if we get down there
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Adam Mancini
Adam Mancini@AdamMancini4·
Clean overnight follow through. Very typical #ES_F to chop all day, rally evening. I posted 3:30PM 6847 had to reclaim to rally with 6857, 6868 targets. We reclaimed 6847 4pm, hit 6868 exact Plan: Hold runner. 6847=support (watch traps). 6868, 6877 1st trgets.47 fails, dip, 6838
Adam Mancini@AdamMancini4

Closing update: Needed red day but barely felt like one with 0 volatility #ES_F struggling to move with any pace. Today's all about 6847 as posted. Was support, now resistance backtesting exact for for 1.5hrs. Must reclaim this eve to start rally. Newsletter out soon with entries

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 @spyscalp @b18c52004 Understandable. Also better for development as traders to learn to think realtime. That being said, thank you for your posts (since market dynamics change) and for answering questions -- sometimes its not obvious in realtime. I got in at 41--thank you! 2 TPs and into runner
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Adam Mancini
Adam Mancini@AdamMancini4·
Its been a pinpoint precision range in #ES_F. 6847-6868=the tight coil as posted. 6852-55 reclaims to trigger up the coil. We held ~6847 2x, ran to 6868 and incredible *4x* & now finally expanding downside. 6838 1st support down hit. 47 must reclaim to pop. 6825-30, 6818 below
Adam Mancini@AdamMancini4

We keep hitting 6868 target and there's test #4 in #ES_F. As posted 6847 to 6868=tight coil to setup trend. We held 6847 support 2x. 6852-55 reclaim was long trigger with 6863, 6868 targets. Just hold runner now. 6877-80, 6889, 6903+ next up. Dip only if 6847 fails on Test 3

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 Adam, IB has scheduled maintenance 6 - 6:30 this evening. Crazy they cannot do it before the open and there may be some loss of functionality.
SomewhatNewbieTrader tweet media
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Adam Mancini
Adam Mancini@AdamMancini4·
There's no wrong way to trade. Ive seen traders make careers scalping long 3 points per day, 1 asset. Others swinging multiple assets long/short. I trade 1 setup, 1 market, lvl to lvl, only long. The key is *consistency* applying a steady process week in & out, not system hopping
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Ashwagamma
Ashwagamma@ashwagamma·
i entered at 58ish after it cleared and held there for a bit. 72 reclaim was fairly actionable too, the level had accepted, and it also rejected once before clearing finally. just that if you want to figure out where to put the stop then it's a tricky one to take with the actionable fbd structure underneath.
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Adam Mancini
Adam Mancini@AdamMancini4·
6572-74 support holding, but bulls have their work cut out for them in #ES_F. I posted 6588 needs to recover to rally and at 6605 now. If longing in these conditions *always take profits lvl to lvl*. 6623, 6638-42 (big hurdle) remains above 6572-74 fails we get next leg down
Adam Mancini@AdamMancini4

Monster volatility continues. #ES_F making 50 point moves with ease. We recovered 6623, ripped to 6638-42, then 6652 targets. I then posted we sell again below today's low, and flushing. Lvl to lvl traders market. 6572-74 support as posted, 52 below. 6588 must recover to rally

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 That's why it is always level to level. No greed. And especially no predictions. Read that somewhere once or twice. Maybe a certain newsletter ☝️. 😎😎
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Adam Mancini
Adam Mancini@AdamMancini4·
Its full round trip for #ES_F. The 6638-42 reclaim long took us up 145 points, and now #ES_F retraced 80% of it. When ES is going "elevator down" never knife catch, wait for the squeeze. Bulls must reclaim 6701 to pop to 6716, 6728+. 6668 (key support) below, then 6652, 6638-42
Adam Mancini@AdamMancini4

We've arrived back at 6701 in #ES_F. Yesterday's 6638-42 reclaim long given at 2:40PM had two main targets: 6701, and 6764. 6701 was big resistance yesterday, now working into it from above. If this doesn't hold 6685, 6668 below for more retrace Bulls must reclaim 6728 to rally

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Adam Mancini
Adam Mancini@AdamMancini4·
We continue working down the lvls after being spoiled with multiple longs this morning that ran to 6772 and 6764 targets respectively. Arriving at 6685-88 support - 1 month triangle support big test. They must reclaim 6701 fast 6774, 6666 next below. Watch sweeps of Friday low
Adam Mancini@AdamMancini4

There's 6701 support in #ES_F and finally some downside range expansion. 6740 reclaim was long trigger and we got it 2x today taking to 6772 target on the 1st, and 6664 magnet on the 2nd. Do not knife catch & wait for reclaims 6701 reclaim sees 6708, 6716, 6723+. 85-88, 66 below

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Adam Mancini
Adam Mancini@AdamMancini4·
Correction: I am not fully sure of the status of CPI for tomorrow due to govt shutdown. Even if it reopens today there will likely still be a delay
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Adam Mancini
Adam Mancini@AdamMancini4·
Slow day for #ES_F as it digests the 210 point squeeze from Friday's 6690 Failed Breakdown. Also waiting on CPI tomorrow as a major catalyst. 6857 next support and we hit it and popped 15 points. No change: 6877 must reclaim to see 6893, 6899+. 6848 next support, then 6832
Adam Mancini@AdamMancini4

Note this is likely the final dip leg #ES_F sees before ATHs and the more red here, the farther the next leg goes - microdip so far after the 210 point squeeze from Friday's 6690 long No change: 6877 must reclaim to pop to 6893, 6899+. 6857, 6848 below if we continue the retrace

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SomewhatNewbieTrader retweetledi
Steve McGuire
Steve McGuire@sfmcguire79·
NEW: UC San Diego has released a new report documenting a “steep decline in the academic preparedness” of its freshmen. The number of entering students needing remedial math has exploded from 1/100 to 1/8. They’ve had to create a second remedial class covering elementary and middle school math skills in addition to the one covering gaps from high school. 🧵
Steve McGuire tweet media
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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@comptofreedom @AdamMancini4 He is saying that if we don't get down to the NL levels, then a 77 reclaim could be an entry. If we get a NL setup, then buying the reclaim of 77 would be way too late for a quality entry
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SN8888
SN8888@comptofreedom·
@AdamMancini4 Adam, say if I want to be safe and price is really slow here, is it safer to just wait for 6877 to recover? Rather than trying the NL entries, which is slightly tough given the choppy conditions since we are 11am now.
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Adam Mancini
Adam Mancini@AdamMancini4·
Note this is likely the final dip leg #ES_F sees before ATHs and the more red here, the farther the next leg goes - microdip so far after the 210 point squeeze from Friday's 6690 long No change: 6877 must reclaim to pop to 6893, 6899+. 6857, 6848 below if we continue the retrace
Adam Mancini@AdamMancini4

Microdip still under way in #ES_F but still very slow. After rallying 60 points from yesterday's 6840 reclaim long to 6899 target, 6877/6865 were first supports today. We held 6877, bounced 9 points, trapped 6865. Bulls must recover 6877. 6865 fails now, dip to 6857, 6848

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@EricSeiler7 @AdamMancini4 You traded on the plane? I would never do that. What happens if you lose connection? I had a trade last week ON, hit TP2, put in a market sell. . . nothing. Put in a limit sell. . .nothing. Called IB, by the time I got through, verified and they sold it, it was negative.
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Adam Mancini
Adam Mancini@AdamMancini4·
Today has been all about the support I posted 1st thing at 7:50AM: 6798-6803. We held it and ran to 6828, 6841+ targets in #ES_F. We held it again at 1:40PM for a 17 point bounce. Back again now - less reliable now so watch for traps Bulls need >6818 to rally. 6785, 6778 below
Adam Mancini@AdamMancini4

Levels continue to respect well and #ES_F likes 6798-6803. It was support for today which I posted at 7:50AM. It held nicely, and we ran to 6828, 6841+ targets provided. Just held *again* at 1:40PM for 15 points. Weaker No change: 6818 must clear to see 6828, 6841+ again. Dip<98

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SomewhatNewbieTrader
SomewhatNewbieTrader@NewbieMkTrader·
@AdamMancini4 @Shallobowed Thank you again. Saw the similar action, took the breakdown short half sized. Covered half at 66, half at 53. Hopefully the squeeze is tomorrow pre-open or RTH.
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Adam Mancini
Adam Mancini@AdamMancini4·
@Shallobowed Very similar action the last two nights with the evening breakdown short, should setup a nice squeeze leg later
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