No registration required! (Why?)

YMH2, (3, -1) formula, Stretch profit, 17 January 2012


17 January 2012:
The trading day after holidays tend to rally.

March $5 Dow futures (YMH2), basis trading from unchanged, applying the (3, -1) formula and fading the first intra-day move, the first move was printed lower lows from unchanged less the Stretch calculation, 12390 - 34 = 12356. That said, ... waiting for unchanged less 1.618% of the Stretch = 12390 - 55 = 12335, whereafter YMH2 prices printed a higher low at 12330.

12390 - 55 = 12335 = (-1) of (3, -1), ...
12335 + 34 + 34 + 34 = 12437 = 12335
12335 + Stretch + Stretch + Stretch = 12335
12335 + 34 + 34 + 34 = 12437 completes the (3) of (3, -1) price measuring trading objective formula.
Trailing stops risked eights (8) points, i.e., risk $40 per contract
Reward : risk ratio = 12.75 : 1
Emini Day Trading / Daily Notes / Forecast / Economic Events / Trading Indicators / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Features / Mortgage Calculator / User Pages / Donate

Copyright © 2004-2018, MyPivots. All rights reserved.