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YMM1, (3, -1), profitable strategy, Stretch calculation


HI,
19 April:
YMM1: (3, -1) strategy entered at 50% of the low to close range of 18 April, i.e., 12088, which is two points below today's low, 12090, and four points below the previous settlement - (1.618% of today's Stretch) = 12140 - 48 = 12092 (12090 = 19 April low).
19 April Stretch = 30
1.618% of 30 = 48

(3, -1) formula application:
Previous settlement: 12140
12140 - 30 = 12110 (Fading the first intra-day counter trend move)
12110 + 30 + 30 + 30 = 12200 (12209 = high as of 12:09PDT 19 April)

Fading the first intra-day counter trend price move = -1 of (3, -1); which is followed by the self-explanatory 3 of (3, -1) aspect of the (3, -1) formula.

This completes another profitable trading strategy that conforms to the (3, -1) formula as applied to fading the first intra-day counter trend move by the Stretch (or occaisionally 1.618%, but less frequently 2.618%), and measuring a reversal price move three times greater. Happy trading. I am looking forward to reading your shared mutual interests.