DolphinWick

Jack of all trades, master of some

[DolphinWick @DolphinWick]

@RockyTSST @AdamMancini4 @RockyTSST I watched it playing out live. The sell was not a knife down, it was more of a controlled, grinding down. And the move back up was not energetic.
I guess this was one of those "if you are desperate to trade, one can bid at..." scenario

[DolphinWick @DolphinWick]

@PharmD_KS Money in the bank beats time in the bank.
Wait a minute, it was a bit different
Time in the market beats money in the bank?
No Pharm beats timing the market?

[DolphinWick @DolphinWick]

@IsshoKnows @AdamMancini4 @DBees9 remember one of the key rules: you rush, you lose.
and today was a clear example of why that rule is in place

[DolphinWick @DolphinWick]

@JackRFrankII @OnTheHooch @AdamMancini4 Isn't it nice? The whole system is designed brilliantly. Second trade is only allowed if the first is a loss. Means you were a bit early, but if it keeps knifing down, chances the bounce will be even stronger.

[DolphinWick @DolphinWick]

@hovsincett @AdamMancini4 we don't long the first touch of the level. check the type 1 and 2 of the acceptance examples. also this doesn't look like a NAP.
To me, the correct entry was at 6:35 and a better one at 7:40

[DolphinWick @DolphinWick]

@AdamMancini4 Adam and his crystal ball in action again! The bearish scenario from the NL is playing to the tick.
ES put on a weak support shelf at 7535 for an hour and once the level is lost, we started to knife down!
incredible precision, as always

[DolphinWick @DolphinWick]

@thebraithwaits @StephenJ223624 @AdamMancini4 I have nothing to add to Stephen's answer. But I'll address your follow up question. You will never have 100% winrate. Just stick with good risk management rules, the winners will take care of the small losses in time

[DolphinWick @DolphinWick]

@smith_john41347 @AdamMancini4 if you are new to trading, just remember this: making money out of bad execution is the worst thing that can happen to you.
practice good execution, money will come later

[DolphinWick @DolphinWick]

@smith_john41347 @AdamMancini4 remember the cardinal rule
if you rush, you lose
it's too early to tell

[DolphinWick @DolphinWick]

@mmonis BEAM and DELL. Both got stuck at a range. I'll play a mean reversion to the upside if they touch the lower bounds of the range.

[DolphinWick @DolphinWick]

@PharmD_KS Pharm, those apes keep getting slauhtered. By the end of the session, they'll turn to chipmunks

[DolphinWick @DolphinWick]

@AdamMancini4 Adam is this an example of that slow grind down to a key level that you refer to on the NL?

[DolphinWick @DolphinWick]

@StephenJ223624 @AdamMancini4 Stephen, I am OK with not taking a trade today but now I checked and PDL is only 0.6% away from where we are right now. So I'd say it's still on the cards

[DolphinWick @DolphinWick]

@NorthoverDaniel @AdamMancini4 Thanks for the clarification. ES seems to be holding for now. I wouldn't expect another knife down scenario on a short week, right before the long holidays. But would love to grab a FBD from the 7512 ATM machine

[DolphinWick @DolphinWick]

@NorthoverDaniel @AdamMancini4 I just asked the same question to Adam under his previous post. Did you take the first touch or the retest ?

[DolphinWick @DolphinWick]

@AdamMancini4 Hi Adam, this 7523, the overnight low, was not a level on the NL but is still an important level. Would you consider the recovery a valid entry as non acceptance protocol?

[DolphinWick @DolphinWick]

@AdamMancini4 Trap and recovery of the overnight lows. It was as easy as taking candy from a child! As always, extremely precise levels and instructions in the NL, thanks a lot for teaching us how to fish

[DolphinWick @DolphinWick]

@DeElWatkins @MakeStockMoneyX @AdamMancini4 Yes, sometimes it's very clean, like the latest 7437 FBD. Today the bounce was very fast. One of Adam's rules is "if you rush, you lose" I guess I was a bit too slow

[DolphinWick @DolphinWick]

@kevinc2114 @AdamMancini4 Kevin, check the methodology. He writes that 15 points is the max SL distance he will take. But maybe that needs to change as the methodology was written a few years ago when SPX was around 4-5 k