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# YMZ1, (3, -1) formula, Stretch, 2, 3, 4, 7, 8, 9, 10, 11, and 14 Nov 2011

14 November: (3,-1) strategy successfully projected profitable price rotations. Basis trading YMZ1 (December $5 Dow futures) from unchanged and applying the (3, -1) formula, ... First minute printed the high, 12203 (as of 10:32PDT). Fading 12196 [11296 = 12112 + 1.618% Stretch = 12112 + 84 = 12196] and projecting three (3) Stretch calculations lower ... 12196 - 52 - 52 - 52 = 12040. 11999 = low (as of 09:36PDT). [Note: 11212+52=12164. 11264-52-52-52 = 12008]

11212 + 1.618% Stretch = 12112 + 84 = 12196, i.e., (-1) of (3, -1).

Fading 12196 - [3 Stretch calculations]= 12196 - 52 - 52 - 52 = 12040.

The (3, -1) formula successfully projected price rotations, i.e., profitable trading opporunity. Six of the last nine days achieved the (3, -1) price rotation projections. The other three were uni-directional days where low reversals were withing 0.382% of the Stretch from the open.

Veteran's Day, 11 November:

YMZ1 (December $5 Dow futures) printed a strong uni-direction price rally on low volume and settled at 12101 (bid), +246 points. Low volume holiday rallies are dubious, at best in the volatile global markets.

10 November: YMZ1 (December $5 Dow futures) trading the (3, -1) formula strategy from unchanged: Faded the first move down at -1.618 (11735 - 71 = 11664). 11661 = low, which represents (-1) of (3, -1). 11664 + 71 + 71 + 71 = 11887. 11924 = high (so far), which high price print satisfies the (3) of (3, -1).

9 November: Basis trading YMZ1 (December $5 Dow futures)... uni-directional day, closing lower, -378 points.

8 November: Basis trading YMZ1 (December $5 Dow futures) from unchanged and applying the (3, -1) formula, ... the A session retraced lower from the 7 November high, 12023, by the 74 points, i.e., the 8 November 1.618% of the Stretch calculation, 12023 - 74 = 11949. 11940 was the 8 November low (ten ticks = $50 risk). That retraceal to 11940 was the (-1) of (3, -1). From that low, 11940 + 74 + 74 + 74 = 12162. 8 November high was 12144, missing the upside projected price target by eighteen points ($90). This nearly achieved the (3) of the (3, -1) formula. HOWEVER, trading YMZ1 from unchanged (usally trading from unchanged) and applying the (3, -1) formula, less the 8 November Stretch calculation (46), i.e., 12007 - 46 = 11961, (11940 = low, risking $110), satisfied the (-1) of (3, -1), wherein the faded trade strategy achieved the (3) of the (3, -1) formula. The (3) of (3, -1) price projection printed as follows: 11961 + 46 + 46 + 46 = 12099 = 138 points ($690 per contract risking $110). Therein is the (3, -1) price projection formula.

7 November: Basis YMZ1 (December $5 Dow futures) and the (3, -1) formula ... trading from unchanged, faded the 1.618% of the Stretch, 11941 + 67 = 12008, projecting that as the (-1) of the (3, -1) formula, which was followed by the (3) of (3, -1), i.e., 12008 - 67 -67 - 67 = 11807. 11786 = low. (Yeah that's a run-on sentence, but "what do you want for nuthin? A rubber bisquit?") The projected price to fade was ten points (risking $55) below the high. And the projected low was 21 (risking $105) above the actual print low, 11786.

4 November: YMZ1 short strategy price projection basis the (3, -1) formula: Trading from unchanged, 11976, ... 11976 + the Stretch calcuation = 11976 + 40 = 12015 (4 Nov high = 12008, seven points below the projected short, i.e., 12015). Because of the Italy and Greek crisis, started the (3) of (3, -1) triple Stretch calculation lower at unchanged, i.e., measured the (3) of (3, -1) decline from unchanged (11976), 11976 - 40 -40 -40 = 11856. There it is, the (3, -1) formula price action projection achieved, again. (See: Trading Strategies and Set Ups for the previous posts projecting price action reversals that were achieved using the (3, -1) formula).

3 November: Basis intra-day trading YMZ1 (December e-mini $5 Dow futures) was characterized as a uni-directional trading day, i.e., +210 points from the low to the close.

2 November: Basis Intra-day trading YMZ1 (December e-mini $5 Dow futures) from unchanged and targeting price rotation projections that apply 1.618% of the Stretch calculation to the (3, -1) formula (1.618% of the Stretch was applied because the Stretch was only 29 points:

11682 - 46 = 11636 (11617 = low as of 11:44PDT), i.e., (-1) of (3,-1).

11636 + 46 + 46 + 46 = 11774 [11636 + 46 + 46 + 46 + 46 = 11820 ... 11818 = high as of 11:44PDT], i.e., (3) of (3, -1).

11212 + 1.618% Stretch = 12112 + 84 = 12196, i.e., (-1) of (3, -1).

Fading 12196 - [3 Stretch calculations]= 12196 - 52 - 52 - 52 = 12040.

The (3, -1) formula successfully projected price rotations, i.e., profitable trading opporunity. Six of the last nine days achieved the (3, -1) price rotation projections. The other three were uni-directional days where low reversals were withing 0.382% of the Stretch from the open.

Veteran's Day, 11 November:

YMZ1 (December $5 Dow futures) printed a strong uni-direction price rally on low volume and settled at 12101 (bid), +246 points. Low volume holiday rallies are dubious, at best in the volatile global markets.

10 November: YMZ1 (December $5 Dow futures) trading the (3, -1) formula strategy from unchanged: Faded the first move down at -1.618 (11735 - 71 = 11664). 11661 = low, which represents (-1) of (3, -1). 11664 + 71 + 71 + 71 = 11887. 11924 = high (so far), which high price print satisfies the (3) of (3, -1).

9 November: Basis trading YMZ1 (December $5 Dow futures)... uni-directional day, closing lower, -378 points.

8 November: Basis trading YMZ1 (December $5 Dow futures) from unchanged and applying the (3, -1) formula, ... the A session retraced lower from the 7 November high, 12023, by the 74 points, i.e., the 8 November 1.618% of the Stretch calculation, 12023 - 74 = 11949. 11940 was the 8 November low (ten ticks = $50 risk). That retraceal to 11940 was the (-1) of (3, -1). From that low, 11940 + 74 + 74 + 74 = 12162. 8 November high was 12144, missing the upside projected price target by eighteen points ($90). This nearly achieved the (3) of the (3, -1) formula. HOWEVER, trading YMZ1 from unchanged (usally trading from unchanged) and applying the (3, -1) formula, less the 8 November Stretch calculation (46), i.e., 12007 - 46 = 11961, (11940 = low, risking $110), satisfied the (-1) of (3, -1), wherein the faded trade strategy achieved the (3) of the (3, -1) formula. The (3) of (3, -1) price projection printed as follows: 11961 + 46 + 46 + 46 = 12099 = 138 points ($690 per contract risking $110). Therein is the (3, -1) price projection formula.

7 November: Basis YMZ1 (December $5 Dow futures) and the (3, -1) formula ... trading from unchanged, faded the 1.618% of the Stretch, 11941 + 67 = 12008, projecting that as the (-1) of the (3, -1) formula, which was followed by the (3) of (3, -1), i.e., 12008 - 67 -67 - 67 = 11807. 11786 = low. (Yeah that's a run-on sentence, but "what do you want for nuthin? A rubber bisquit?") The projected price to fade was ten points (risking $55) below the high. And the projected low was 21 (risking $105) above the actual print low, 11786.

4 November: YMZ1 short strategy price projection basis the (3, -1) formula: Trading from unchanged, 11976, ... 11976 + the Stretch calcuation = 11976 + 40 = 12015 (4 Nov high = 12008, seven points below the projected short, i.e., 12015). Because of the Italy and Greek crisis, started the (3) of (3, -1) triple Stretch calculation lower at unchanged, i.e., measured the (3) of (3, -1) decline from unchanged (11976), 11976 - 40 -40 -40 = 11856. There it is, the (3, -1) formula price action projection achieved, again. (See: Trading Strategies and Set Ups for the previous posts projecting price action reversals that were achieved using the (3, -1) formula).

3 November: Basis intra-day trading YMZ1 (December e-mini $5 Dow futures) was characterized as a uni-directional trading day, i.e., +210 points from the low to the close.

2 November: Basis Intra-day trading YMZ1 (December e-mini $5 Dow futures) from unchanged and targeting price rotation projections that apply 1.618% of the Stretch calculation to the (3, -1) formula (1.618% of the Stretch was applied because the Stretch was only 29 points:

11682 - 46 = 11636 (11617 = low as of 11:44PDT), i.e., (-1) of (3,-1).

11636 + 46 + 46 + 46 = 11774 [11636 + 46 + 46 + 46 + 46 = 11820 ... 11818 = high as of 11:44PDT], i.e., (3) of (3, -1).

Hunter Brashier, Jr. ... 52 pts x $5 = 156 points, ... (3, -1) trade risk was eight points, i.e., risk $40 to make $780. $ :-) Hunter Brashier, Jr.

H,

That was a good trade......I was on that too, at 197.......

It came back a few times then chopped its way down.....

That was a good trade......I was on that too, at 197.......

It came back a few times then chopped its way down.....

Grednfer $:-) Now if we tell enough people about this mecurial price action characteristic, and the next respective of one of the Stretch calculations, everybody will sell on Monday and buy on Tuesday. lol The idea is not that far fetched. Several weeks ago the trade was to sell when the markets in Europe opened and buy that equity index trade back when those markets closed. $:-)

Namaste

Namaste

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Copyright © 2004-2017, MyPivots. All rights reserved.