23 Mar, YMM1, profitable (3, -1) Stretch strategy
Hi,
Basis YMM1, 23 March unchanged = 11955, ...
Stretch=45 = X, 1.618% of X = 72, 2.618% of X = 117, 4.25% of X = 191
Early price rotations: -X, +1.618X, -1.618X... then prices developed, once again, into the profitable, (3, -1) formula.
(Note: Some trading days reverse basis the (3, -1) formula from the 1.618% of the Stretch.) The basis pattern established in the A session trading was the set up for the Stretch calculation (3, -1) formula rally off the low, 11907).
11955 - 45 = 11910 (LOW: 11907), followed by a reversal up......
11910 + 45 + 45 + 45 = 12045 (as of 12:15PDT, high=12055).
(3, -1) ACHIEVED BASIS THE YMM1 STRETCH CALCULATION OF 23 MARCH.
Basis YMM1, 23 March unchanged = 11955, ...
Stretch=45 = X, 1.618% of X = 72, 2.618% of X = 117, 4.25% of X = 191
Early price rotations: -X, +1.618X, -1.618X... then prices developed, once again, into the profitable, (3, -1) formula.
(Note: Some trading days reverse basis the (3, -1) formula from the 1.618% of the Stretch.) The basis pattern established in the A session trading was the set up for the Stretch calculation (3, -1) formula rally off the low, 11907).
11955 - 45 = 11910 (LOW: 11907), followed by a reversal up......
11910 + 45 + 45 + 45 = 12045 (as of 12:15PDT, high=12055).
(3, -1) ACHIEVED BASIS THE YMM1 STRETCH CALCULATION OF 23 MARCH.
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