Where support breaks… and then doesn't. 📉➡️📈 Studying the failed breakdown setup inspired by @AdamMancini4. Charts, levels, results. Educational only, NFA.
General comments for today: Nothing going on, had to be in a runner from last Thursday's 7803 FBD to really have anything on. We have some primary levels not too far below, so should get a chance tonight or tomorrow.
Now we have no volatility in #ES_F and I don't touch this. I trade when we go "elevator down" to setup a Failed Breakdown then bear trap. We are running nicely from the 7803 Failed Breakdown Thursday
7872 must recover today to pop to 7884, 7903+. 7853/7840 are first supports
@OnTheHooch@AdamMancini4 1 for 1. 7845 didn’t trigger an entry because proper acceptance wasn’t granted so that level was not traded. 7820 accepted and gave us 3 levels of take profit as shown on the chart.
+$2,142.50 in one week trading $ES_F. 🔥 @dylanreetz7 caught the 7822 reclaim in Thursday's evening session and is still holding a runner. This is the FBD Lab indicator doing exactly what it's built for. Trading #ES_F? DM us to get set up.
Friday was a slow day but got an $ES_F runner on going into the weekend after taking the 7822 reclaim in Thursday night's evening session. Closed some massive runners this week. Thanks @FBD_Lab for your proprietary indicator and @AdamMancini4 for the education! #MisfitCapital #FuturesTrading #OATT
General comments for today: Not much to do unless you got a runner on from yesterday afternoon's FBD or reclaim trade of 7822 level last evening. Hoping we will get a nice gap down on the Sunday night open to get a trade on to start the week.
@AdamMancini4
We continue to run. 3 longs were given for this leg (lots more ahead): Long #1 was the 7803 Failed Breakdown yesterday - given live. Long #2 was 7822 reclaim given in newsletter and Long #3 was the 7840 reclaim given live here today
Targets were 7852, 7857, 7872. Just 72 left
@_MindfulMC Has repeated for nearly 100 years and almost everyday for the 20 years I've been trading ES now. ES doesn't change and people respond to the traps the same way every time
(4) action today. Tomorrow initially seems to have some cleaner setups and the bear case is below 7765, so Mancini thinks we have a few long opportunities before that takes place.
(1) General comments for today. We had a nice trade this morning taking the FBD of 7820 with proper acceptance. That was exciting because we were able to get two profit takes, one before 32 and the other before 39, and actually could have taken more at 45, but get to a runner
(3) area to trade because it would have triggered an entry just below the bear case level for the day. There is no room to work then if you are long and if the sell algo turns on for awhile. Ultimately would have caused to get stopped out. So definitely not the easiest price
Took a nice long from the $ES_F Failed Breakdown of 7820 this morning, scaled out twice then got to another runner. However price came back today and was stopped out of today's new runner and October 7 runner at 7800. Ready for another day tomorrow and hopefully a FBD of today's lows! @FBD_Lab@AdamMancini4 #MisfitCapital #FuturesTrading #OATT
Today I was stopped out of my runner from last Thursday in $ES_F. This was one of my largest runners since trading @AdamMancini4 methodology. Bought the FBD of 7845 in the PM, and after what seemed like an eternity, took profit and into a new runner. @FBD_Lab#FuturesTrading #MisfitCapital #OATT
Don't trade your opinion - there are days I wake up bearish as can be and if a FBD sets up, I will buy it. No one has a crystal ball and can tell when the rally will end.
BREAKING: S&P 500 futures officially rise to their highest level on record, pushing the index’s market cap above $71 trillion.
Record highs are back.