SuppasitWechprasit
Long

Crude Oil Future APR18 (NYMEX)

NYMEX:CL1!   Light Crude Oil Futures
Trading Signal
Long Position (EP) : 61.15
Stop Loss (SL) : 60.96
Take Profit (TP) : 61.67

Description
CL1!             formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR             (61.15) and place stop loss after 0.382 level of FR             (60.96). Once the position was hit, place take profit before an agreement zone (61.67)

Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000

Position Sizing
$0.01 = +-$10 (Standard)
$0.025 = +-$12.50 (Mini)
Commission fee = -$24/contract (Standard), -$16/contract (Mini)
EP to SL = $0.19 = -$190/contract (STD), -$95/contract (Mini)
Contract size to open = 4 standard contracts and 1 mini contract
EP to TP = $0.52 = +$520 (STD), +$260 (Mini)

Expected Result
Commission Fee = -$112
Loss = -$855
Gain = +$2,340
Risk/Reward Ratio = 2.73
High Supreme Merchant
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