Took a Chance!

With BA I generally play price action. I spent some time last evening modelling it in SPSS for intra-day trading (I have a long term regression model of BA already). Came out with some intra-day price target regression formulas. I did some testing last night but got tired and went to bed. Today, I decided to try them out IRL (Which I usually never do without fully testing!) and man, pretty spot on!
My lows (where I was looking for support) were 202.16.
When it hit 203 for the second time and I saw that V shape pattern being respected on the 3 minute chart, I got long.

My price target was 208 based on the formula. It was touchy at first, it looked like it wasn't going to make it! But it did! YAY! :D IT WORKS!

If you're interested here are the formulas:

Low: y = 0.9798x + 1.2992
High: y = 0.9847x + 6.5212
Where X = open price.

So for today, projected low would be:
Y = 0.9798(205) + 1.2992
Y = 202.16 (Projected)
My aim was :202-203
Actual: 203.28

My projected high was:
y = 0.9847x + 6.5212
= 0.9847(205) + 6.5212
= 208.38
My aim: 207.90-208
Actual: 208.24

Have a great weekend everyone!