YMM1, (3, -1), profitable strategy, Stretch 16 May
Hi,
16 May
The 'fade the first move by 1.618% of the Stretch calculation and project a price measurement that is three Stretch calculations' ... higher was profitable 16 May.
Trading from unchanged, 12556, Stretch =37, 1.618% of the Stretch = 59
12556 - 59 = 12497
12497 + 37 + 37 + 37 = 12608
Successful: +111 points basis YMM1
first trade with Hunters method successful:
Long @12497
Close @12608
profit +111.
Profit: $555
largest drawdown: 8 points
reward : risk ratio: 6.3 : 1
largest possible reward: 114 points, i.e., exit three points from the high. YMM1 prices then fell 1.618% (59 points) to unchanged.
16 May
The 'fade the first move by 1.618% of the Stretch calculation and project a price measurement that is three Stretch calculations' ... higher was profitable 16 May.
Trading from unchanged, 12556, Stretch =37, 1.618% of the Stretch = 59
12556 - 59 = 12497
12497 + 37 + 37 + 37 = 12608
Successful: +111 points basis YMM1
first trade with Hunters method successful:
Long @12497
Close @12608
profit +111.
Profit: $555
largest drawdown: 8 points
reward : risk ratio: 6.3 : 1
largest possible reward: 114 points, i.e., exit three points from the high. YMM1 prices then fell 1.618% (59 points) to unchanged.
fwiw, mine coincide with those posted here http://www.mypivots.com/dailynotes/symbol/423/-1/mini-sized-dow-5-futures-june-2011
thanks hunter
Originally posted by Hunter
Hi,
Ayn, ... Basis trading YMM1 from unchanged, 12509, the 4.25% of the Stretch calculation, i.e., -157, (unchanged - 157 = 12509 - 157 = 12352 (12350 = low) reversed two points above the low.
Also, fading the first 1.618% of the Stretch (59 points) price move, i.e., up (12509 + 59 = 12568, ... 12562 = high) was six points beyond the high 12562. YMM1 prices declined 212 points from that high print. I sold that attempt at the 1.618% of the Stretch.
Silverharp, ... thanks for sharing your posts. Are your references to Fibonacci levels based on price levels? or Fibonacci of the Stretch ratios?
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