Trading Signal
Short Position (EP) : 65.67
Stop Loss (SL) : 65.78
Take Profit (TP) : 64.81, 64.11
Description
CLN2018 formed Double Repo Failure Sell at 1h time frame. Trade setup with Sell Stop at 0.382 level (65.67) and place stop loss after 0.618 level (65.78). Once the position was hit, place take profit before an agreement zone (64.81) and 64.11
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.11 = -$110/contract (STD)
Contract size to open = 7 standard contracts
EP to TP#1 = $0.86 = +$860 (STD)
EP to TP#2 = $1.56 = +$1,560 (STD)
Expected Result
Commission Fee = -$33.18
Loss = -$770
Gain#1 = +$3,440
Gain#2 = +$4,680
Total Gain = +$8,120
Risk/Reward Ratio = 10.11
Short Position (EP) : 65.67
Stop Loss (SL) : 65.78
Take Profit (TP) : 64.81, 64.11
Description
CLN2018 formed Double Repo Failure Sell at 1h time frame. Trade setup with Sell Stop at 0.382 level (65.67) and place stop loss after 0.618 level (65.78). Once the position was hit, place take profit before an agreement zone (64.81) and 64.11
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.11 = -$110/contract (STD)
Contract size to open = 7 standard contracts
EP to TP#1 = $0.86 = +$860 (STD)
EP to TP#2 = $1.56 = +$1,560 (STD)
Expected Result
Commission Fee = -$33.18
Loss = -$770
Gain#1 = +$3,440
Gain#2 = +$4,680
Total Gain = +$8,120
Risk/Reward Ratio = 10.11