Adams Mancini

Full-Time Futures Trader ES intraday, also swing trade ETFs 2-7 day holds. Fully transparent approach. Posts for my notes only!

[Adams Mancini @AdaManacini4]

Pro traders aren't any better at "predicting" where the market will go than a hobby trader, and its not the job. The difference is all in execution: Finding lvls, protecting profits once available, stopping out & adjusting when wrong, and consistant loss size control. Focus there

[Adams Mancini @AdaManacini4]

Yesterday's newsletter was sent early at 2:50PM in preparation for a long in #ES_F: The Failed Breakdown of the 7408 low. At 3:08PM, we swept 7408 to 7405, recovered, & longed. We are +70

Plan today: Ride runner until next bear trap. 7492, 7510, 7530 magnet next. 39/25=supports

[Adams Mancini @AdaManacini4]

Untradable grind up continues in #ES_F. Last entry was the 7516 Failed Breakdown Thursday. 7516-7565 was the range. When ranges break, we trend for 1-3 days. 7620 was next target, hit exact.

Plan: Ride runner. 7604 (watch traps), 7585=supports. 7620-24, 7631, 7642 next targets

[Adams Mancini @AdaManacini4]

The biggest game changer for me was realizing the most powerful edge is sitting on hands. Its the unplanned, impulse trades that don't correlate to any setup that generate losses. I plan exactly where I am going to enter & have 1 setup that I look for there. Otherwise, no trading

[Adams Mancini @AdaManacini4]

Big Picture View: On April 30, #ES_F broke out a 1 week bull flag at 7186. I was looking for 7600 & we rallied all month. This week, ES built another range 7516-65 & broke out

Plan next week: 7565, 7516 lowest must hold on dips. Keeps 7660, 7700, then 7740 next. Sell only<7516

[Adams Mancini @AdaManacini4]

Big Picture View: April 30, #ES_F broke out a 1 week bull flag at 7186. I was looking for run to 7546. Now, ES is building a new big bull flag from 7355 to 7515.

Plan Next Week: Fill it out. 7415 (watch traps), 7355=supports. Next leg up targets 7555, 7578, 7630, 7710. Sell<7355

[Adams Mancini @AdaManacini4]

We are now up a staggering 152 points on our most recent Failed Breakdown long (7137 Failed Breakdown 4:20PM Wednesday) - though we are up 600+ points on our original longs. Today's slate of targets given at 8am were 7265, 7276, 7287. All done

Bonus set today 7297, 7310, 7328

[Adams Mancini @AdaManacini4]

Runners paying from our Wednesday's 7137 Failed Breakdown long at 420pm. As posted, next set of targets were 7232, 7238, 7248, 7264. 7264 hit exact

Plan today: 0 to do until deep #ES_F sell. 7248=micro support (watch traps). 7265, 7276, 7287 next slate. 48 fails, dip 7233, 7219

[Adams Mancini @AdaManacini4]

Note: Nothing to do but ride runners and this has been the move of the year. For those who want the full run down of the setups leading this, you can start with last Saturday's tweet and look at each Saturday post I've made since early April.

[Adams Mancini @AdaManacini4]

While some are surprised by this weeks run, those with a basic understanding of charting weren't. It was technical analysis 101. As posted 1 week ago, #ES_F was bull flagging 7180-7080. Macro targets given then were 7230 (hit), 7260 (hit), 7310

Trade the chart, ignore the rest

[Adams Mancini @AdaManacini4]

While some are surprised by this weeks run, those with a basic understanding of charting weren't. It was technical analysis 101. As posted 1 week ago, #ES_F was bull flagging 7180-7080. Macro targets given then were 7230 (hit), 7260 (hit), 7310

Trade the chart, ignore the rest

[Adams Mancini @AdaManacini4]

Big Picture View: On April 3rd (& weekly since) I warned #ES_F formed a massive 1 month bull flag, ready to break. April 7th it did & we rallied 550 points

Next week: Another bull flag built this week. 7180-7080. 7230, 7260, 7310 next targets. 7080 fails, retrace 7016, 6989

[Adams Mancini @AdaManacini4]

Big Picture View: On April 3rd (& weekly since) I warned #ES_F formed a massive 1 month bull flag, ready to break. April 7th it did & we rallied 550 points

Next week: Another bull flag built this week. 7180-7080. 7230, 7260, 7310 next targets. 7080 fails, retrace 7016, 6989

[Adams Mancini @AdaManacini4]

Runners paying from our Wednesday's 7137 Failed Breakdown long at 420pm. As posted, next set of targets were 7232, 7238, 7248, 7264. 7264 hit exact

Plan today: 0 to do until deep #ES_F sell. 7248=micro support (watch traps). 7265, 7276, 7287 next slate. 48 fails, dip 7233, 7219

[Adams Mancini @AdaManacini4]

We are +100 points from yesterday's post-earnings 7137 Failed Breakdown at 420PM given in newsletter. For those who missed it, we got the 7160 trap this morning. Targets for this leg were 7189 (hit), 7220 bonus (hit)

Next bonus set was 7232 (hit), 7238 (hit). 7248, 7264 above.

[Adams Mancini @AdaManacini4]

We are +100 points from yesterday's post-earnings 7137 Failed Breakdown at 420PM given in newsletter. For those who missed it, we got the 7160 trap this morning. Targets for this leg were 7189 (hit), 7220 bonus (hit)

Next bonus set was 7232 (hit), 7238 (hit). 7248, 7264 above.

[Adams Mancini @AdaManacini4]

Note: As I say every day because it is so important - there is nothing to do until we get an "elevator down sell". I don't trade chop, I don't short, I don't trade low vol, I don't chase. I trade when we get an elevator down sell into a Failed Breakdown. That is it.

[Adams Mancini @AdaManacini4]

Note: No change to supports or newsletter entries. Newsletter readers know the importance of the 7180 level. I was looking for a rally there today, and dip. Once 7180 breaks, we begin the next swing leg higher which should last several days of straight upside

[Adams Mancini @AdaManacini4]

Perfect trade plan today in #ES_F. Today's targets off the 7129 Failed Breakdown last evening OR the 7147 sweep this morning were 7160 (hit), 7166 (hit), 7180 final (hit exact, dipped). 7180 is resistance of a week long bull flag.

Now, ride runner. 7200, 7216, 7235 bonus slate

[Adams Mancini @AdaManacini4]

As our long keeps paying, good time to zoom out. As posted non-stop since April 3rd, on April 6th #ES_F broke out a 1 month bull flag. 1 month breakouts see 1 month rallies & we are 2.5 weeks in. This weeks plan was ES had to hold 7085. It is *exact low of week*

Ride your runner

[Adams Mancini @AdaManacini4]

As our long keeps paying, good time to zoom out. As posted non-stop since April 3rd, on April 6th #ES_F broke out a 1 month bull flag. 1 month breakouts see 1 month rallies & we are 2.5 weeks in. This weeks plan was ES had to hold 7085. It is *exact low of week*

Ride your runner

[Adams Mancini @AdaManacini4]

It took its time but #ES_F arriving at today's final target. Three targets were given for today's session at 8am: 7160 (hit), 7166 (hit), 7180 (hit). Entries were either the 7129 Failed Breakdown last evening OR the 7147 sweep this morning.

7200, 7216, 7235 are bonus slate

[Adams Mancini @AdaManacini4]

It took its time but #ES_F arriving at today's final target. Three targets were given for today's session at 8am: 7160 (hit), 7166 (hit), 7180 (hit). Entries were either the 7129 Failed Breakdown last evening OR the 7147 sweep this morning.

7200, 7216, 7235 are bonus slate

[Adams Mancini @AdaManacini4]

We are grinding up slowly in another 0 volatility session. We did get a nice burst ~8pm last evening. We flushed Wednesday's big 7129 low, recovered, longed. 7147 then became support today, just swept it 845AM & recovered.

Targets remain 7160 (hit), 7166 (hit), 7180. 7200 bonus

[Adams Mancini @AdaManacini4]

We are grinding up slowly in another 0 volatility session. We did get a nice burst ~8pm last evening. We flushed Wednesday's big 7129 low, recovered, longed. 7147 then became support today, just swept it 845AM & recovered.

Targets remain 7160 (hit), 7166 (hit), 7180. 7200 bonus

[Adams Mancini @AdaManacini4]

Low vol continues in #ES_F but just keep riding that runner. Nothing to trade in tight congestion. The 7129 Failed Breakdown was our long trigger last evening and went +40. 7149 was support today, we just trapped it, and ran. Targets were 7160 (hit), 7166 (hit), 7180 (not yet)

[Adams Mancini @AdaManacini4]

Low vol continues in #ES_F but just keep riding that runner. Nothing to trade in tight congestion. The 7129 Failed Breakdown was our long trigger last evening and went +40. 7149 was support today, we just trapped it, and ran. Targets were 7160 (hit), 7166 (hit), 7180 (not yet)

[Adams Mancini @AdaManacini4]

Meaningless, untradeable chop now in #ES_F. Last night, we got our volatility injection around 8pm. We went "elevator down" to 7105. Long trigger given in newsletter was the reclaim of 7129. We got it, ran +40

7147 (just trapped), 7129=supports. 7160, 7177, 7180 today's targets

[Adams Mancini @AdaManacini4]

Meaningless, untradeable chop now in #ES_F. Last night, we got our volatility injection around 8pm. We went "elevator down" to 7105. Long trigger given in newsletter was the reclaim of 7129. We got it, ran +40

7147 (just trapped), 7129=supports. 7160, 7177, 7180 today's targets

[Adams Mancini @AdaManacini4]

After hours traders getting all action this week. After 8pm last night we got a perfect Failed Breakdown, given in 4pm newsletter. #ES_F swept a big low at 7129 down to 7105, recovered, long +30 now

Plan today: Again, ride runner. 7160, 7177, 7180 targets. 7147, 7129=supports

[Adams Mancini @AdaManacini4]

Note: As I say every morning lately - there is just nothing to do now until we get another "elevator down" sell like we saw last evening. We need volatility to trade. Volatility gives us bear traps/failed breakdowns. After that, we just ride our runner all day and get paid

[Adams Mancini @AdaManacini4]

After hours traders getting all action this week. After 8pm last night we got a perfect Failed Breakdown, given in 4pm newsletter. #ES_F swept a big low at 7129 down to 7105, recovered, long +30 now

Plan today: Again, ride runner. 7160, 7177, 7180 targets. 7147, 7129=supports