YMZ1, (3, -1) formula, fade 1.618% of Stretch, 2 Nov 2011


Guy, Thanks for the www.mypivots.com traders platform.
Intra-day trading YMZ1 from unchanged and targeting price rotation projections that apply 1.618% of the Stretch calculation to the (3, -1) formula:
11682 - 46 = 11636 (11617 = low as of 11:44PDT), i.e., (-1) of (3,-1).
11636 + 46 + 46 + 46 = 11774 [11636 + 46 + 46 + 46 + 46 = 11820 ... 11818 = high as of 11:44PDT], i.e., (3) of (3, -1).

This price action projection satisfies the (3, -1) formula basis trading the December e-mini $5 Dow futures from unchanged. Details below.....

Trading from unchanged, 11682, 11682 - 1.618% of the Stretch = 11682 - 46 = 11636 (Note: 11682 - 2.618% Stretch = 11682 - 75 = 11607; low = 11617), which strategy expected follow through to the upside from the 12:50PDT reversal low, 11570. This pullback to fade identifies (-1) of (3, -1). 11636 + 46 + 46 + 46 = 11774, satisfying (3) of (3, -1). (Note: unchanged + 4.25% Stretch calculation = 11682 + 123 = 11805; 11818 = high, where an intra-day double top printed resistance and corrected 126 points to unchanged where prices are trading around 11718.) Back to the formula (3, -1), once again satisfied, and the YMZ1 trading range price patterns that repeat directly or inversely by 4.25% of the Stretch calculation (2 Nov 4.25% Stretch = 123).... both were satisfied (Counting from the 1 Nov B session last half hour low, 11570, 11570 + 123 + 123 = 11816 (2 Nov high = 11818). 11818 reversed 126 points to 11682.
Namaste