Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Anyone follow him or subscribe to his emails? I get his free daily email and seems interesting, not sure what the paid subscription consists of other than charts.
Thanks
Can you help answer these questions from other members on NexusFi?
The Breakout Has Held, Where Are We Headed? July 29th Plan
Adam Mancini
Jul 28
The plan from yesterday could not have played out better. In yesterdays newsletter, I wrote: “As long as we are above that 3980-4000 area, my lean is we continue up to 4075-90”. After some typical post GDP report chop and volatility, we tested 3980-4000, held, then rallied in virtually a straight line to 4075-90 where regular trading hours closed. Futures are continuing the surge as of writing.
While there has been of noise/talk related to recession, definition of recession, Fed policy etc, the price action has been clear and simple as always: As I’ve discussed all week, ES was priming to breakout of a textbook downtrend channel from March. We broke out yesterday at ~4000, squeezed, back-tested it perfectly today, then squeezed again. For those new to channel trading, todays move shows how powerful it can be and its quite literally all you need to trade profitably.
We have essentially rallied non-stop now for two weeks, and while we did break out, there are some significant resistances overhead to watch, and risks mounting. In todays newsletter, I’ll talk how I traded today in relation to yesterdays plan, talk a little bit about channels, then take a big picture overview of where we are headed + risks...
For the price worth a try was my thought. No regrets - no fluff clean details - he trades level to level - scale in/out - his levels are astonishingly accurate.
He explains in detail every day why he traded what and what he is going to do the next session when/if price hits the levels. He lines out where he will enter and what he expects as targets.
He explains his if then scenarios for both bull and bear case for the next trading day.
If you like trading based on levels intraday his analysis is well worth it - he updates during RTH via open twitter feed (it's not a gimmicky private feed).
Like FT71 very professional, never misses to send out his update email.
His content combined with FT71 's Traderbite is plenty of prep and will give you an edge.
I'm a fan, he has a solid and clear level to level strategy. The substack is a little over $20 I believe so it's nothing crazy to try it out. I read through his reports every morning and have found them to be very helpful. I remake his charts and keep them in the corner of another monitor to keep an eye on throughout the day.
I should say that I'm not one for subscription services in the trading world, but this is the only one I have outside of platform and data service costs.
He doesn't sell anything besides the newsletter subscription, all the rest (telegram, discord, .... ) are just scams
he told it on twitter himself. Just by following him on twitter you got a lot of messages inviting you to several accounts and mentorships... all fake