Trading Signal
Short Position (EP) : 63.76
Stop Loss (SL) : 63.79
Take Profit (TP) : 63.45
Description
CL1!vformed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (63.76) and place stop loss after 0.382 level of FR (63.79). Once the position was hit, place take profit before an agreement zone (63.45)
Money Management
Money in portfolio : $18,000
Risk Management (1%) : $180
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2/contract (Standard)
EP to SL = $0.030 = -$30/contract (STD)
Contract size to open = 6 standard contracts and 0 mini contract
EP to TP#1 = $0.310 = +$310 (STD)
Expected Result
Commission Fee = -$12
Loss = -$180
Gain = +$1,860
Risk/Reward Ratio = 10.33
Short Position (EP) : 63.76
Stop Loss (SL) : 63.79
Take Profit (TP) : 63.45
Description
CL1!vformed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (63.76) and place stop loss after 0.382 level of FR (63.79). Once the position was hit, place take profit before an agreement zone (63.45)
Money Management
Money in portfolio : $18,000
Risk Management (1%) : $180
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2/contract (Standard)
EP to SL = $0.030 = -$30/contract (STD)
Contract size to open = 6 standard contracts and 0 mini contract
EP to TP#1 = $0.310 = +$310 (STD)
Expected Result
Commission Fee = -$12
Loss = -$180
Gain = +$1,860
Risk/Reward Ratio = 10.33