YMH2, (3, -1) formula, 14 and 15 December


Hi,
15 December: YMH2 (March $5 Dow futures), basis intra-day trading from unchanged and applying the (3, -1) formula, and fading the first intra-day counter trend price move by the Stretch calculation, ... 11762 - Stretch = 11709 = 11762 - 53 = 11709.

11762 - 53 = 11709 (11694 = low, 14 Dec 21:42PDT), = (-1) of (3, -1).
11709 + 53 + 53 + 53 = 11868 (11897 = high at of 07:00PDT), which is (3) of the (3, -1) formula.

The maximum risk was $80 (16 points) and the (3, -1).
The price measurement objective was achieved, +$795 (159 points), within 29 points of the high.
The (3, -1) formula produced profits, again.


http://www.mypivots.com/board/topic/7144/-1/ymh2-3-1-formula-14-december-2011
14 December: YMH2 (March 2012 $5 Dow futures) Basis intra-day trading from unchanged and applying the (3, -1) formula, ... 12195 + Stretch calculation = 11895 + 55 = 11950 (11945 = high printed at 00:39PDT). This represents the (-1) of (3, -1), because this (intra-day) counter trend move is within a larger daily pattern that is failing 12178 and printing a fractal breakdown. Entering a few points before the price measuring objective, i.e., (-1), is achieved has proven to be a prudent short today. As for the (3) of the (3, -1) formula, 11945 - 50 - 50 - 50 = 11795. (11785 = low as of 07:10PDT). The (3, -1) formula has produced tradeable probabilities, again. Each tick = $5. Intra-day margin is $500. 50 x 3 = 150 points x $750 ... +150% $:-)
Additionally, from the previous day's B session low, 11829, plus the 13 December 2.618% Stretch = 11829 + 117 = 11946. These are two correlating price measuring projections, i.e., 11950 and 11946, averaging 11948. (11945 = high).