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YMH2, (3, -1) formula, Stretch profit, 27 Dec 2011


Hi,
27 December: Basis intra-day trading the (3, -1) formula strategy for the YMH2 (March $5 Dow) opening gap higher (18 points ... 12217 to 12235) printed the opening high, 12244, before retreating to fill the gap and testing unchanged. Once a prices start to fill a gap, ... they tend to fill the gap, and test the other side. Measuring the Stretch from that opening high print, 12244 - 55 = 12189 (12187 = low printed at 05:28PDT) was the fade, i.e., (-1) of the (3, -1) formula. 12189 + 55 + 55 + 55 = 12254. (12260 = high print at 07:00PDT ... Case Shiller #s reaction rally). This fulfilled the (3, -1) formula strategy. Reward : risk = 55:1. Risk= $15 .... reward = $825. Intra-day margin = $500.