Trading Signal
Short Position (EP) : 1.234
Stop Loss (SL) : 1.2346
Take Profit (TP) : 1.232, 1.23045
Description
E61! day time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry sell for lower time frame. It formed TTS sell at 1h time frame. Trade setup with buy stop at previous high (1.234) and place stop loss after current high (1.2346). Once the position was hit, place take profit half contract size before an 0.382 of FR level (1.232) and the other half before 0.618 of FR level (1.23045)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0006 = -$75/contract
Contract size to open = 10 contracts
EP to TP#1 = 0.002 = +$250
EP to TP#2 = 0.00758 = +$443.75
Expected Result
Commission fee = -$240
Loss = -$990
Gain#1 = +$1,250
Gain#2 = +$2,218.75
Total Gain = +$3,468.75
Risk/Reward Ratio = 3.50
Short Position (EP) : 1.234
Stop Loss (SL) : 1.2346
Take Profit (TP) : 1.232, 1.23045
Description
E61! day time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry sell for lower time frame. It formed TTS sell at 1h time frame. Trade setup with buy stop at previous high (1.234) and place stop loss after current high (1.2346). Once the position was hit, place take profit half contract size before an 0.382 of FR level (1.232) and the other half before 0.618 of FR level (1.23045)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0006 = -$75/contract
Contract size to open = 10 contracts
EP to TP#1 = 0.002 = +$250
EP to TP#2 = 0.00758 = +$443.75
Expected Result
Commission fee = -$240
Loss = -$990
Gain#1 = +$1,250
Gain#2 = +$2,218.75
Total Gain = +$3,468.75
Risk/Reward Ratio = 3.50