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


Hi,
These past several months I've been posting this intra-day e-mini $5 Dow futures trading strategy in the Traders Lounge; and thought I would post the same in this room, for the purpose of identifying students of the markets who are interested to intra-day trade e-mini $5 Dow futures (YMM1).

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).
my attempt at a chart for today (time 7.45am BST) , if this going to be a -1 ,3 this looks good. I have taken a long punt stop 4 points below 1.61. I have put in Kool's initial move calc for a profit target, which I will look at too.

hope this helps


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stretch3
I noticed Hunter's other post for today thinking its uni directional. MY BE is 12740 so stop moved to there
stopped out. Price hit the settlement from yesterday to the point and turned around. Decided to short EURUSD instead
skeptical long on here, low 4 points from stretch 2.61 off settlement. Might get back to the settlement number , will look to short there. If the opening move when cash market opens is up, hopefully it will be counter trend.


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stretch4
closed half as near 261 , stop on other moved up
SilverHarp .. do you trade 6e
.. I have a key # at 1.4733 .. it came within 5 ticks last night .. was wondering if you have a stretch # in that area ..

TIA
I'm just using it for Dow to follow Hunters posts

note 12779 is the low plus stretch X3 ie +75
thrown on a short at 779 , stop is the pivot 790 , will see
at prior settlement now , if we get lower high in the next 30 min or so will add to short and move stop down to 81
I closed my short at 50 , annoying to see a hard retrace, will look for a lower high and can add fuel to the fire
Hunter you put your method out there for people to review. Whats with this browbeating?