Ros
75 posts
Ultra precise action to start but remember take profits level to level in #ES_F. 6623 reclaim triggered long after 4pm yesterday. 1st target today posted 8am was 6678. We hit it & sold. Support was 6638, we held it, bounced.
Flagging now for trend leg. 6678, 6690-95, 6703 above
Adam Mancini@AdamMancini4
Yesterday was about 2 levels: 6593 & 6623 in #ES_F with reclaims triggering long. I posted here & newsletter 4pm that 6623 reclaims trigger up. We got it. Targets were 6638, 6647, 6664 (hit) Plan today: Ride runner. 6647, 6638 (watch traps)=supports. Next targets=6678, 6690-95
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@AdamMancini4 Congratulations Adam....
Just asking, how can i learn from you about finding supports and resistances?
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Clean multi-level move in #ES_F. After completing the Back-Test of last Thursday Breakdown at 6361 and 6374 (and selling off it), I posted 6333-29 must reclaim to target 6338 (hit), ~6343 (hit). 6349, then back to 6361 if ES wants more
Back to 6333-29 now. Same supports below
Adam Mancini@AdamMancini4
After a 120 point rally from the 6257-60 reclaim, #ES_F got the full backtest of last Thursday's breakdown: A shelf located at 6361 and 74. Down we went. I posted 6333-29 must reclaim to recover & ES agrees: Back-tested 6x exact since my post 6338, 6343, 6349 if it clears on vol
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Slow day continues in #ES_F as we build the 6102 to 6050-55 range. 6075 reclaim triggered to 6084 target where I warned to lock in gains and let runners work.
No change: We are building structure for a monster trend leg. 6074 reclaim triggers back up, 6060-55=support. Sell below
Adam Mancini@AdamMancini4
Very low vol session. Remember big picture: 6103 to 6060-55 is the range in #ES_F to setup holiday trend move. We are dead center now, no mans land. Hold runners, dont overtrade 6075 reclaim triggered long to 6084 as posted, hit. 6093, 6102 remain next up. 6055 must fail to sell
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Its been a great push off the 6063 "ATM Machine" level in #ES_F and as warned since Monday, this will be a magnet all week. Held yesterday, bounced to 6080s. Held 1x this morning, bounces to 6071, and then to 6076 on 2nd test. Protect gains.
6063 weak now. Sell 6056, 6046 below
Adam Mancini@AdamMancini4
As warned, this week is all about 1 level only: 6063, and its become an ATM machine in #ES_F. We tested it yesterday, bounced. Then just in last 30mins, put in two tests of the zone and bounced ~9 points each. No change: 6079, 6093-98 if it wants to stretch. Sell<6063 (weak now)
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@Taylor8xeno8 @avanika27 Its just when SPX corrects 10%, BTC will selloff 30-40% and all the "altcoins" will lose 90%
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Mon-Tues, #ES_F built a bull flag. 6102 was my target, and we hit 6102.25 yesterday. Now, flagging again & ES is still unable to dip even a level. Nothing to do, just hold runners until we sell
6088 (weak) keeps 6103, 6112, 6125 live direct. Sell to 6080, 6065 backtest <6088
Adam Mancini@AdamMancini4
Yesterday at 8am (and in Tuesdays 4pm newsletter), I provided 3 targets in #ES_F: 6074, 6082, 6102. 6102.25 was high of day. Nothing to do but hold runners until we dip Plan today: 6088 (weak)=support. Keeps 6103, 6112, 6125 live direct. 6088 fails, we dip 6080, 6065 backtest
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@AdamMancini4 @jrazoutlookcom1 @itsAlexMIA @dbesanti Hello Adam....It would be interesting to know your long term portfolio.....
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@jrazoutlookcom1 @itsAlexMIA @dbesanti I don't have any swings now - I've basically given up swing trading as ES gives me all I need and much more. I do have a large long-term portfolio though which I rebalance weekly
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Charting 101: From Nov 11-22, #ES_F bull flagged with 5993 resistance. This week, it broke out & rallied to ATHs. Now, bulls must defend.
Plan Next Week: 6045, 6033=supports. Must hold to keep breakout live to 6069, 6113, 6195 macro target. If 6033 fails, we dip to 5993, 5972.
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On Wednesday, #ES_F broke down the 5865 major level and back-tested yesterday. As posted, I was looking for another back-test today, and just hit it now. Its Decent res still, protect gains, leave runner.
Plan today: Base out, then 5878-82+ next. 5848, 5842 must hold, or we sell
Adam Mancini@AdamMancini4
5855 target just tagged in #ES_F. For those long, make sure to lock in part gains here, and leave a runner. As posted, 5838 was support to keep 5855+ live, and it held exact, then bounced. 5862-64, then 5878 if ES wants more. 5838 remains support, and its weak. Sell again below
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Thats a huge topic but I look for stocks with good growing free cash flow, a history of dividend increases, low volatility relative to the indices, low cash flow variability (meaning sectors like utilities, infrastructure). I've owned the same stocks for 15+ years and only add new ones very seldomly depending on macro environment
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Today's limited strength has been due to my core setup: A Failed Breakdown of yesterdays 5865 lows in #ES_F as given in yesterdays newsletter. We flushed, trapped shorts, reclaimed.
5878 was 1st target as posted, and its been a ceiling. Will need to clear to run to 5892, 5902+.
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After the largest sell (and 1st short) since October 7 on the failure of 5895, 5866 was the target. I wrote at 8am that 5866 would be magnet today & *#ES_F certainly agrees* stuck here since 2pm ystd
Quick snap down and back again. 5878-82 next, then 5892. 5857 fails, sell 5842
Adam Mancini@AdamMancini4
Yesterday, #ES_F got 1st short trigger since Oct 7 by losing 5895. Targets were 5878, 5866.Been at 5866 all night. Period of neutral/bear control now, relief pops aside Plan today: 5866=magnet, 5857=support. 5878 next, big test, then 5892 above. 5857 fails, sell 5842, 5830-33
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Its been charting 101. Last Thursday, #ES_F built a textbook bull flag 5815-40. Breakout targets were 5858-60, then 5874 as written since Thurs. We just tagged 5874 exact
Plan: Let runners work until the 1st post-flag sell hits. 5868=support, keeps 5878, 5890 next. 5838-42 below
Adam Mancini@AdamMancini4
As per my 8am tweet/last nights newsletter, the 5815-5840 bull flag breakout target today was 5858-60, and #ES_F is taking it *very literally: Here since 10am. The breakout is in play as long as we are above 5840. let runners work. 5874, 5890+ next magnets uo. Sell only<5840
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@EyeMordor @AdamMancini4 @TheRealNasa00 @algoflows @ashwagamma @PharmD_KS @vwaptrader1 @_NurseG_ @ZarillionTrades @CL_fTrader Ok.... Many thanks...
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@Ross7979 @AdamMancini4 @TheRealNasa00 @algoflows @ashwagamma @PharmD_KS @vwaptrader1 @_NurseG_ @ZarillionTrades @CL_fTrader I track pts, if I’m in ES for a 6pt move and have 2 contracts, that’s 12pts, so it accounts for size
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@AdamMancini4 @TheRealNasa00 @algoflows @ashwagamma @PharmD_KS @vwaptrader1 @_NurseG_ @ZarillionTrades @CL_fTrader Sorry, super busy! Entered 82 reclaim ystdy close, added in Globex, 4ES, exit 90, +31pts. Today after 1PM flush reclaimed 90, entered ~91, 3ES, exit 03, +34 pts. Net +65, still in MES runners. Sept +546.5. I’m done for month, taking time off w family & parents thru next week
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@EyeMordor @AdamMancini4 @TheRealNasa00 @algoflows @ashwagamma @PharmD_KS @vwaptrader1 @_NurseG_ @ZarillionTrades @CL_fTrader Hello, excuse me .. do you mean points or ticks?
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@AdamMancini4 @TheRealNasa00 @algoflows @ashwagamma @PharmD_KS @vwaptrader1 @_NurseG_ @ZarillionTrades @CL_fTrader +51pts today, prob a bit risky. 8ES split between 51 fake reclaim at open + 40 reclaim 20 mins later. Scaled out into 61. MES Runners gave back over and over w stops and re-entries. +51 pts, Oct +127. I said I wasn’t trading vacation….
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@EricSeiler7 Played out already! Was waiting all day for that 4pm add
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After a fast start #ES_F has settled into chop. The active setup since 940AM has been a classic failed breakdown (of ystds low & 5740 key support). 5754 (hit, now support), 5763 (hit), 5778+ (not hit) were targets
Dont overtrade. 78 in play as long as supports hold. Sell<5740
Adam Mancini@AdamMancini4
Excellent follow through on a classic failed breakdown in #ES_F. As given here/in newsletter, we flushed 5739 key support, we flushed yesterdays low, recovered, longs triggered 5754 (hit), 5763 (hit), 5778-82 (big test) were targets. 5795 above there. Sell again only if 39 fails
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I do! I only day trade with a small portion of my overall portfolio and all my day trading profits are re-invested into my long-term portfolio to produce dividend income for me. Long-term buy and hold investing is the most successful investment strategy ever created and day trading shouldn't supplant it
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Trying to be a jack of all trades in markets means being a master of none, and you won't outcompete well resourced institutions on breadth of knowledge. You need a tiny niche: For me it's 1 market (ES), 3 setups that I know inside out, and complete blinders on to everything else
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@AdamMancini4 @michelleda63455 Excuse me Adam, where can i put the SL for runner?
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@michelleda63455 It would be a failed breakout - move played out and nothing to do but just sit on runners all day
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Incredible follow through and patience paid. As posted for 3 days, #ES_F has been flagging 5790 to 5770 for a breakout. As per last nights 4pm newsletter 5823 was breakout target & we hit it.
Plan today: Lock in gains, let runner go. 5839, 5854 if ES wants. 5809, 5790=supports
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@AdamMancini4 Good morning Adam, where do you put SL for runner? I can't see any swing low ...:)
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@equity_ocean Good move! Market goes through cycles...I find often when theres very low regular hours volatility we tend to get it more in the evening and overnight sessions, whereas when we have heavy regular hours volatility the evening/overnight is quieter
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Levels continuing to respect well in #ES_F but volatility remains very low. 5782 (Weak as posted), 5769 (also weak) were todays supports. We tested 5782, lost it to 5769, backtested 5782.
Bulls must reclaim 5782 to resume up. If 5769 fails from here, sell starts to 5757, 5738
Adam Mancini@AdamMancini4
It did not take long after this post for #ES_F to dip. 5782 and 5769 were today's supports. We dipped to 5782 (weak as posted), spent 1hr there, failed. We then sold down to ~5769 (also weak) and bounced. Must recover 82 to resume to 5791+. 5769 fails, sell again to 5757, 5739
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@Ross7979 @4HLDisciple That's fine - its a 25 point, multihour low and also tested at 2pm yesterday making it a compound low. The low is fine, the issue though is that the 5769 level is extremely weak. If this level weren't so used up though I would call it an A or a B+ failed breakdown.
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It did not take long after this post for #ES_F to dip. 5782 and 5769 were today's supports. We dipped to 5782 (weak as posted), spent 1hr there, failed. We then sold down to ~5769 (also weak) and bounced. Must recover 82 to resume to 5791+.
5769 fails, sell again to 5757, 5739
Adam Mancini@AdamMancini4
Very low volatility continues in #ES_F, but the levels respecting nicely. After getting 2 points shy from 5801 1st target today, we dipped to 5782 (weak) 1st support & here for 1hr now. Don't overtrade where there is no volatility. We need vol to trade 5769 below if this cracks
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@AdamMancini4 @4HLDisciple Adam, i am a sub here.... sometimes you confuse me.... why nice FBD? it only bounced 25 points... I would like to understand thanks
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