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


Hi,
Trading from the 28 April settlement, 12708, and applying the (3, -1) formula to the Stretch calculation, and the Fibonacci of the Stretch calculations, the following price measurements printed before the end of the B trading session, this Friday afternoon:

28 April settlement = 12708
Stretch = 27
1.618% of the Stretch = 43
2.618% of the Stretch = 70
4.25% of the Stretch = 114 (108 = 29 April high - low = 12796-12688)
Pivot point = 12680 (never printed)
29 April high = 12796
29 April low = 12688
29 April settlment = 12794 + 86

12720- 27= 12700 (fading first intra-day counter trend = -1 of (3, -1)
12708 + 27 + 27 + 27 =12789 completing the trending move 3 of (3, -1)

12720 tested previous day's high (that's with the trend, up).
12720- 27 = 12693 =[12720 - Stretch calculation = 12693] (low=12688).

June e-mini $5 Dow rallied from the low, 12688 to unchanged, 12708, and rallied an additional three Stretch calculations, completing the 3 of (3, -1) formula basis trading the Stretch calculation from unchanged.


12708 opened and tested the 28 April high, 12724 (12:45PDT, which high failed in the last half hour (call it profit taking or ... evening up of positions going into the close.... whatever you want to call it, 12724 reversal trend from the high lower to the settlement, 12708). The 29 April A session soon lifted from 12708 to 12720, testing the previous day's high, 12724, failing 12720, decline to 12688 (28 April low = 12688). (12720 - 27 = 12693) From the low, 12688, prices rallied into the close, 12794 (12796 = high 29 April).