LIGHT CRUDE OIL FUTURES (MAR 2019), 1D, NYMEX
Trading Signal
Long Position (EP) : 53.30
Stop Loss (SL) : 52.54
Take Profit (TP) : 55.52, 56.90
Description
CLH2019 formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (53.30) and place stop after 0.618 level (52.54). Once the position was hit, place take profit before an agreement (55.52) and 56.90
Money Management
Money in portfolio : $1,000,000
Risk Management (0.5%) : $5,000
Position Sizing
$0.01 = +-$10/std-contract
Commission fee = -$2.37/std-contract
EP to SL = $0.8 = -$760
Contract size to open = 7 standard contracts
EP to TP#1 = $2.22 = +$2,220
EP to TP#2 = $3.6 = +$3,600
Expected Result
Commission Fee = -$33.18
Loss = -$5,320
Gain#1 = +$8,880
Gain#2 = +$10,800
Total Gain = +$19,680
Risk/Reward Ratio = 3.67
Long Position (EP) : 53.30
Stop Loss (SL) : 52.54
Take Profit (TP) : 55.52, 56.90
Description
CLH2019 formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (53.30) and place stop after 0.618 level (52.54). Once the position was hit, place take profit before an agreement (55.52) and 56.90
Money Management
Money in portfolio : $1,000,000
Risk Management (0.5%) : $5,000
Position Sizing
$0.01 = +-$10/std-contract
Commission fee = -$2.37/std-contract
EP to SL = $0.8 = -$760
Contract size to open = 7 standard contracts
EP to TP#1 = $2.22 = +$2,220
EP to TP#2 = $3.6 = +$3,600
Expected Result
Commission Fee = -$33.18
Loss = -$5,320
Gain#1 = +$8,880
Gain#2 = +$10,800
Total Gain = +$19,680
Risk/Reward Ratio = 3.67
Order cancelled
Trade active
Trade closed manually:
+$2,936.82 (+0.29%)
