Trading Signal
Long Position (EP) : 60.72
Stop Loss (SL) : 60.63
Take Profit (TP) : 61.15
Description
CL1! is about to form Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (60.72) and place stop loss after 0.382 level of FR (60.63). Once the position was hit, place take profit before an agreement (61.15)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.09 Tick value = -$90/contract
Contract size to open = 8 contracts
EP to TP = 0.43 tick value = +$3,440
Expected Result
Loss = -$960
Gain = +$3,200
Risk/Reward Ratio = 3.33
Long Position (EP) : 60.72
Stop Loss (SL) : 60.63
Take Profit (TP) : 61.15
Description
CL1! is about to form Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (60.72) and place stop loss after 0.382 level of FR (60.63). Once the position was hit, place take profit before an agreement (61.15)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.09 Tick value = -$90/contract
Contract size to open = 8 contracts
EP to TP = 0.43 tick value = +$3,440
Expected Result
Loss = -$960
Gain = +$3,200
Risk/Reward Ratio = 3.33