Trading Signal
Long Position (EP) : 62.12
Stop Loss (SL) : 62.08
Take Profit (TP) : 62.26, 62.38
Description
CL1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (62.12) and place stop loss after 0.382 level of FR (62.08). Once the position was hit, place first take profit before an agreement zone (62.26) and second profit before an agreement (62.38)
Money Management
Money in portfolio : $50,000
Risk Management (1%) : $500
Position Sizing
$0.01 = +-$10 (Standard)
$0.025 = +-$12.50 (Mini)
Commission fee = -$24/contract (Standard), -$16/contract (Mini)
EP to SL = $0.04 = -$40/contract (STD), -$20/contract (Mini)
Contract size to open = 8 standard contracts and 1 mini contract
EP to TP#1 = $0.14 = +$140 (STD), +$70 (Mini)
EP to TP#2 = $0.26 = +$260 (STD), +$130 (Mini)
Expected Result
Commission Fee = -$192
Loss = -$320
Gain#1 = +$560
Gain#2 = +$1,040
Total Gain = +$1,600
Risk/Reward Ratio = 5.00
Long Position (EP) : 62.12
Stop Loss (SL) : 62.08
Take Profit (TP) : 62.26, 62.38
Description
CL1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (62.12) and place stop loss after 0.382 level of FR (62.08). Once the position was hit, place first take profit before an agreement zone (62.26) and second profit before an agreement (62.38)
Money Management
Money in portfolio : $50,000
Risk Management (1%) : $500
Position Sizing
$0.01 = +-$10 (Standard)
$0.025 = +-$12.50 (Mini)
Commission fee = -$24/contract (Standard), -$16/contract (Mini)
EP to SL = $0.04 = -$40/contract (STD), -$20/contract (Mini)
Contract size to open = 8 standard contracts and 1 mini contract
EP to TP#1 = $0.14 = +$140 (STD), +$70 (Mini)
EP to TP#2 = $0.26 = +$260 (STD), +$130 (Mini)
Expected Result
Commission Fee = -$192
Loss = -$320
Gain#1 = +$560
Gain#2 = +$1,040
Total Gain = +$1,600
Risk/Reward Ratio = 5.00