badfuturestrader

[badfuturestrader @badfutures40]

@SirBoofingqqv @AdamMancini4 I've been watching that for a bit. Measured move on that breakout get us north of 8k!

[badfuturestrader @badfutures40]

@AdamMancini4 Given context (summer, holiday week, structure, big FBD today) it would be shocking if it didn't bleed up to ~7530 by tomorrow!

[badfuturestrader @badfutures40]

@AdamMancini4 Looking like a nice big IHS forming.....

Left shoulder ~7415 (5/19)
Head ~7650 (6/9-11)
Right shoulder ~7415 (6/23)

[badfuturestrader @badfutures40]

@ES_Money_Print @AdamMancini4 @fiveinchhammer @EStrader33 @Trevormiles16 ~33 was no longer a fresh FBD. The low to FBD trade was the ~20 Friday low (which obvi wasn't in the newsletter cuz that low hadn't happened at the time)

[badfuturestrader @badfutures40]

@AdamMancini4 @Redden843 Anecdotally, deep FBD tend to act like breakdown (or FBO) trades. Lower success rate, but much higher reward when they do hit. But, for L2L, it doesn't matter....

[badfuturestrader @badfutures40]

@wawa14841 @AdamMancini4 1pm EDT

[badfuturestrader @badfutures40]

@OnTheHooch @AdamMancini4 And got it almost all back already on the long side.

[badfuturestrader @badfutures40]

@DragonMaxGoku @AdamMancini4 The decision itself should be a nothing burger; but the first press conference with a new fed chair (one who was appointed to lower rates, but data suggests raising rates) could create some fireworks!

[badfuturestrader @badfutures40]

@AdamMancini4 @Bluepit_80 @anchovy_paste @TradeLearner11 @justjay_s Descending triangle (lower highs, flat bottom), that probably needs lower lows to bust the triangle and form a proper flag (lower highs AND lower lows)?

[badfuturestrader @badfutures40]

@GabCrish @AdamMancini4 There's an "adjust for contract rollover" setting on most platforms. Just need to find it...

It basically raises past price action to levels for the current contract.

(It doesn't work on ThinkOrSwim mobile though which is annoying)

[badfuturestrader @badfutures40]

@AdamMancini4 Took the '80 reclaim (with force!) before I even saw this tweet. Slightly different context than in the NL, but think it was a safer trend after what developed after the NL was sent out (i.e., a deeper flush)

[badfuturestrader @badfutures40]

@bcooper10111 @AdamMancini4 Fine on ThinkorSwim for me.

[badfuturestrader @badfutures40]

@AdamMancini4 And like you've said, entry isn't as important as risk management and trade management so you can still turn bad entries into winners.

[badfuturestrader @badfutures40]

@AdamMancini4 A problem I have is impulse trades still win enough times that I still take them. �� If the win percentage was less than 10% it would be easier to pass on them.

[badfuturestrader @badfutures40]

@AdamMancini4 Three L2L newsletter moves so far already! Love Sunday nights.

FBD of 7421, breakdown short, and FBD of 7399.

Only took one, but all 3 would've paid 10+ points!

[badfuturestrader @badfutures40]

@AnzilottiM @AdamMancini4 Or the FBDs have been so shallow (~2pts less) so there's no room for acceptance)

[badfuturestrader @badfutures40]

@AnzilottiM @AdamMancini4 There hasn't been much acceptance! The few dips have resolved with V-shaped rips.

[badfuturestrader @badfutures40]

@PeterReznicek @YouTube The QQQ-SPY trade sounds super interesting; I'm just to nervous to figure out how to set R/R and where reasonable profit target would be!

[badfuturestrader @badfutures40]

@AdamMancini4 Good ol /ES; chop around nowhere for hours during RTH then clean rip to the upside in extended hours. With the Mancini system you catch it all cuz you're already in a risk free runner. Woohoo!