SuppasitWechprasit
Short

Clude Oil Future (NYMEX)

NYMEX:CL1!   Light Crude Oil Futures
***Recorded for missing an opportunity***

Trading Signal

Short Position (EP) : 65.10
Stop Loss (SL) : 65.60
Take Profit (TP) : 63.30, 62.50

Description
CL             future formed Double Repo Sell at day time frame. Short position at market price (65.10) when the market open and place stop loss after 0.382 level of Fibonacci Retracement . When the price go down below first agreement (64.45), shift stop loss to Break Even (BE) position (65.10). Until the price reach TP#1 (63.30), close half of the contract opened. Wait until it reach TP#2 (62.50), then close the other half contract opened.

Money Management
Money in portfolio : $53,000
Risk Management (2%) : $1,060

Position Sizing
1 Tick value = +-$1,000
EP to SL = 0.5 Tick value = -$500/contract
Contract size to open = 2 contracts
EP to TP#1 (Close 1 contract) = 1.8 tick value = +$1,800
EP to TP#2 (Close 1 contract) = 3.1 tick value = +$3,100

Expected Result
Loss = -$1,000
Gain = +$1,800 + $3,100 = +$4,900
Risk/Reward Ratio = 3.9
High Supreme Merchant
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