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YMZ1, unchanged + Stretch (stopped), unchanged + 2.618 profit


First short lost $90 per contract.
Second short was offset with an $815 profit per contract.

The short at the Stretch above unchanged, i.e., unchanged 12112 + 49 = 12161 YMZ1 12165 short (20:51PDT) stopped at .382% of the Stretch (12165 + 18 = 12183) -18pts = -$90 per contract. Sold short again at 2.618% of the Stretch = 12112 + 128 = 12240 with a stop .382% above short = 12240 + 18 = 12258 (high = 12244). Open trade: 12240. Rational for second short: Price moves of 2.618% of the Stretch almost always reverse. Unchanged + 2.618% Stretch = 12240. The previous high (27 Oct) at 12228 + .382% of today's Stretch calculation = 12246 correlated to today's 2.618% Stretch above unchanged: 12112 + 128 = 12240.

‎07:03PDT YMZ1 (December $5 Dow futures ) 12240 short covered at 12077 (Unchanged - Stretch = 12112 - 49 = 12063.... +163% per contract = $815 per $500 intra-day margin.

First trade fading the Stretch basis unchanged lost $90 per contract.
Second trade fading 2.618% Stretch offset that $90 loss and closed out the trading day with a $725 profit per $500 intra-day margin.
+145% today.
See strategies above.
Gone hiking.
namaste