ES Journal - 2013

Quote from wiesman02:

I've never been good at trading these down days without practically zero pullback. Anybody have any good ideas / ways how to trade this besides randomly going short ?
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Too much danger to me shorting unless get a 50% retrace back to around 1799-1801


Also there's a lower trendline from the prior lows on 5 day chart starting at 1778 so a long at 91 area back to 50% is my trade
 
Quote from RedTankEra:

Except most double tops end up failing to be actual tops.
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My bet is that double or triple top is a top of an ascending triangle and we a making a higher low of it right now
 
Quote from wiesman02:

Thanks to everybody that contributed to my question. I will begin doing more research :)
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My method is for intraday scalping, by the way; I wouldn't be looking to take a swing short position right here in the middle of a potential range.
 
Quote from murrica:

1116-1117 on Russell futures is critical IMO, below that might see a waterfall, above 1133 breakout. (currently in clean consolidation).
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Apologies if my methods are simple (chapter 1 stuff), am constantly impressed with the various techniques you guys/gals bring to the table. Simple old school stuff still seems to hold water.

Watching YM here for a possible bounce signal on intraday, 15865 or so, also the less watched S&P400 MidCap futs at 1289.x-1290 or 1291. In a token short NQ from 3518.75, looking for a strong rally to consider adding for swing.

YM specifically is now in a very attractive triangle (chapter 1 again), and ~15865 is the lower TL in the coming minutes. Looking at 16000-16020 YM as resis. this afternoon if we bounce (doubt we would get that high), else below 15865 might accelerate the selloff?
 
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