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# YMH2, (3, -1) formula profits, 14, 15 and 16 December 2011

Hi,
‎16 December, YMH2 (March \$5 Dow futures), basis intra-day trading from unchanged and applying the (3, -1) formula, and fading the first intra-day counter trend price move by the Stretch calculation: Because the previous day printed a rally failure at 11897, and the first price move for the 16 December trading sessions was up, a test of that high needed to define resistance at a price print above the 15 December high, 11897; hence, fade the first move up around 11900. Unchanged + 1.618% Stretch = 11822 + 90 = 11912. (11909 = high 16 December, risking \$20 with a trade strategy projecting three (3) Stretch price movements lower.) 11909 - 56 - 56 - 56 = 11741. (11746 = low 16 December). 56 x 3 = 168 points x \$5 per point = \$840 per contract, +168% basis \$500 intra-day margin.

http://www.mypivots.com/board/topic/7147/-1/ymh2-3-1-formula-14-and-15-december
15 December: YMH2 (March \$5 Dow futures), basis intra-day trading from unchanged and applying the (3, -1) formula, and fading the first intra-day counter trend price move by the Stretch calculation, ... 11762 - Stretch = 11709 = 11762 - 53 = 11709.
11762 - 53 = 11709 (11694 = low, 14 Dec 21:42PDT), = (-1) of (3, -1).
11709 + 53 + 53 + 53 = 11868 (11897 = high at of 07:00PDT), which is (3) of the (3, -1) formula.
The maximum risk was \$80 (16 points) and the (3, -1).
The price measurement objective was achieved, +\$795 (159 points) per contract, and within 29 points of the high. The (3, -1) formula produced profits, again. \$ ;-)

http://www.mypivots.com/board/topic/7144/-1/ymh2-3-1-formula-14-december-2011
14 December: YMH2 (March 2012 \$5 Dow futures) Basis intra-day trading from unchanged and applying the (3, -1) formula, ... 12195 + Stretch calculation = 11895 + 55 = 11950 (11945 = high printed at 00:39PDT). This represents the (-1) of (3, -1), because this (intra-day) counter trend move is within a larger daily pattern that is failing 12178 and printing a fractal breakdown. Entering a few points before the price measuring objective, i.e., (-1), is achieved has proven to be a prudent short today.
As for the (3) of the (3, -1) formula:
11945 - 50 - 50 - 50 = 11795. (11785 = low as of 07:10PDT). The (3, -1) formula has produced tradeable probabilities, again. Each tick = \$5. Intra-day margin is \$500. 50 x 3 = 150 points x \$750 ...+150% \$:-)
Additionally, from the previous day's B session low, 11829, plus the 13 December 2.618% Stretch = 11829 + 117 = 11946. These are two correlating price measuring projections, i.e., 11950 and 11946, averaging 11948. (11945 = high).
Hunter , do your levels apply to overnight (globex) session or RTH only ?
Hi pt_emini,
The Stretch calculation provided by www.mypivots.com is derived from the RTH, i.e., B session, trading hours. I apply the Stretch calculations to the trading day that includes both the A and the B sessions, for each respective trading day. If you don't have access to the e-mini \$5 Dow charts, you'll find the charts at www.cmegroup.com, click EQUITY INDEX, scroll down to the bottom and click the \$5 Dow futures,.... then click the rising bottoms icon to the left of the LAST QUOTE.
Thanks for the clarification Hunter

Just to make sure I have this straight in my mind, you use all sessions (A & B) to make the stretch calculations. But take the actual trade signals "intra-day" during the RTH (B) session ?

Also, I think the Daily Notes uses all sessions data. Not sure about the stretch calculation however. Perhaps Guy can clarify that for us.
pt_emini,
No and clarification.
I've been told that www.mypivots.com provides the Stretch calculations from only the B session, i.e., regular trading hours data. I apply that B session Stretch calculation data to intra-day trading each respective trading day, i.e., A & B sessions combined.