Crude Oil Future MAY18 (NYMEX)

NYMEX:CL1!   Light Crude Oil Futures
Trading Signal
Short Position (EP) : 63.60
Stop Loss (SL) : 63.67
Take Profit (TP) : 63.38, 63.17

CL1! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (63.60) and place stop loss after 0.382 level of FR (63.67). Once the position was hit, place take profit before an agreement zone (63.38) and 63.17

Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365

Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.07 = -$70/contract (STD)
Contract size to open = 5 standard contracts
EP to TP#1 = $0.22 = +$220 (STD)
EP to TP#2 = $0.43 = +$430 (STD)

Expected Result
Commission Fee = -$23.7
Loss = -$350
Gain#1 = +$660
Gain#2 = +$860
Total Gain = +$1,520
Risk/Reward Ratio = 4.07
High Supreme Merchant
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