No registration required! (Why?)

YMU1, (3, -1), profitable strategy 1.618% of the Stretch


Hi,
Basis trading the Sept $5 Dow (YMU1)contract from unchanged (11881), apply 1.618% of the Stretch calculation (59) to the (3, -1) formula from unchanged, where -1 of (3, -1) represents fading (reversing position) the first move in the new A session.

11881 - 59 = 11822 (11818 = low print at 15:48PDT)

11822 + 59 + 59 + 59 = 11999 (12031 = high print at 11:40PDT).

This is the (3, -1) formula as applied to intra-day trading the September e-mini $5 Dow futures price range

In months past this pattern has repeated, often, not always; but often enough to warrant a look at the tradeable probabilities of this price projection strategy.