Hi,
Basis YMM1 (June e-mni $5 Dow futures):
Trading from unchanged, 12631, and fading the first move, i.e., -1 of (3, -1):
12631 - the Stretch calculation = 12631 - 27 = 12604 (12601 = low at 21:52PDT).
12631 - 27 = 12604, representing the fade, i.e., -1 of (3, -1)
12604 + 27 + 27 + 27 = 12685 (high = 12692 (12694 = high at 07:01PDT)
This completes the 3 of the (3, -1) formula.
Below you'll find a corrolating 2.618% entry level.
Measuring from the 9 May high, 12677 - 2.618 of the 10 May Stretch = 12677 - 70 = 12607. 12601 = low (21:52PDT)
GR
grednfer
Rep: 925
Posts: 139
Hunter,
Your strat worked again today.......
Faded after open @
yesterdays close +42 = 710......
yeilded 100 points so far......and still draining.
(now theres also diagonal off the top at 711 too)
There were actually 2 opportunties to do this.....
one last night @ 710 and one this morning.....
very cool....
The +/- 42 and 60-70 ones work well.....
Your strat worked again today.......
Faded after open @
yesterdays close +42 = 710......
yeilded 100 points so far......and still draining.
(now theres also diagonal off the top at 711 too)
There were actually 2 opportunties to do this.....
one last night @ 710 and one this morning.....
very cool....
The +/- 42 and 60-70 ones work well.....
SI
Silverharp
Rep: 700
Posts: 128
that was quick, S&P between numbers between 161 and 261. 15567 is the x300. not into picking falling daggers but it looks like bottoming
AY
ayn
Rep: 830
Posts: 128
was looking at those same numbers but have not pulled the trigger...would like to see es touch its 2.618 first, which would most likely coincide with ym at its 3x, just like yesterday
SI
Silverharp
Rep: 700
Posts: 128
^^
very good 1336.2 is 261 on SPX , DX is at 161 would want to see it top out first
very good 1336.2 is 261 on SPX , DX is at 161 would want to see it top out first
SI
Silverharp
Rep: 700
Posts: 128
thats the next number but hard down so wont see divergence straight away. will see what DX is doing.
