CME:6A1!   AUSTRALIAN DOLLAR FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Trading Signal
Long Position (EP) : 0.7370
Stop Loss (SL) : 0.7349
Take Profit (TP) : 0.7457, 0.7530

Description
A6 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7370) and place stop after 0.618 level (0.7349). Once the position was hit, place take profit before an agreement (0.7457) and 0.7530

Money Management
Money in portfolio : $133,000
Risk Management (1%) : $1,330

Position Sizing
$0.0001 = +-$10 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.0021 = -$210/contract (STD)
Contract size to open = 6 standard contracts
EP to TP#1 = $0.0087 = +$870 (STD)
EP to TP#2 = $0.0160 = +$1,600 (STD)

Expected Result
Commission Fee = -$29.64
Loss = -$1,260
Gain#1 = +$2,610
Gain#2 = +$4,800
Total Gain = +$7,410
Risk/Reward Ratio = 5.75
Trade active

Comments

great plan bro
Reply
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