***Study Case for Fibo+TTS position***
Trading Signal
#Fig.2 (TTS Long position)
Long Position (EP) : 2652.75
Stop Loss (SL) : 2647.00
Take Profit (TP) : 2687.75
#Fig.3 (TTS Short position)
Short Position (EP) : 2685.50
Stop Loss (SL) : 2696.00
Take Profit (TP) : 2677.50, 2666.75
Description
#Fig.1
At day time frame, ES1! reached first supply zone at 2687.75. Finding opportunity to buy at lower time frame.
#Fig.2 (TTS Long)
ES1! formed TTS buy at 30m time frame. Trade setup with buy stop at previous low (2652.75) and place stop loss at current low (2647.00). Once the position was hit, place take profit before day resistance zone (2687.75)
#Fig.3 (TTS Short)
ES1! formed TTS sell at 30m time frame and reached resistance zone (2687.75). Trade setup with sell stop at previous high (2685.50) and place stop loss at current high (2696.00). Once the position was hit, place take profit half of the open contract before 0.382 of FR level (2677.50) and the other half at 0.618 of FR level (2666.75)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.25 = +-$12.50 (Mini)
Commission fee = -$24/contract (Mini)
#Fig.2
EP to SL = $10.50 = -$525/contract (Mini)
Contract size to open = 3 mini contract
EP to TP = $35 = +$1,750 (Mini)
#Fig.3
EP to SL = $10.50 = -$525/contract (Mini)
Contract size to open = 2 mini contract
EP to TP#1 = $8 = +$400 (Mini)
EP to TP#2 = $18.75 = +$937.5 (Mini)
Expected Result
#Fig.2
Commission Fee = -$72
Loss = -$862.5
Gain = +$5,250
Risk/Reward Ratio = 6.08
#Fig.3
Commission Fee = -$48
Loss = -$1,050
Gain = +$1,337.5
Risk/Reward Ratio = 1.27
Conclusion
Total P&L = +$5,250 +$1,337.5 = +$6,587.5
Trading Signal
#Fig.2 (TTS Long position)
Long Position (EP) : 2652.75
Stop Loss (SL) : 2647.00
Take Profit (TP) : 2687.75
#Fig.3 (TTS Short position)
Short Position (EP) : 2685.50
Stop Loss (SL) : 2696.00
Take Profit (TP) : 2677.50, 2666.75
Description
#Fig.1
At day time frame, ES1! reached first supply zone at 2687.75. Finding opportunity to buy at lower time frame.
#Fig.2 (TTS Long)
ES1! formed TTS buy at 30m time frame. Trade setup with buy stop at previous low (2652.75) and place stop loss at current low (2647.00). Once the position was hit, place take profit before day resistance zone (2687.75)
#Fig.3 (TTS Short)
ES1! formed TTS sell at 30m time frame and reached resistance zone (2687.75). Trade setup with sell stop at previous high (2685.50) and place stop loss at current high (2696.00). Once the position was hit, place take profit half of the open contract before 0.382 of FR level (2677.50) and the other half at 0.618 of FR level (2666.75)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.25 = +-$12.50 (Mini)
Commission fee = -$24/contract (Mini)
#Fig.2
EP to SL = $10.50 = -$525/contract (Mini)
Contract size to open = 3 mini contract
EP to TP = $35 = +$1,750 (Mini)
#Fig.3
EP to SL = $10.50 = -$525/contract (Mini)
Contract size to open = 2 mini contract
EP to TP#1 = $8 = +$400 (Mini)
EP to TP#2 = $18.75 = +$937.5 (Mini)
Expected Result
#Fig.2
Commission Fee = -$72
Loss = -$862.5
Gain = +$5,250
Risk/Reward Ratio = 6.08
#Fig.3
Commission Fee = -$48
Loss = -$1,050
Gain = +$1,337.5
Risk/Reward Ratio = 1.27
Conclusion
Total P&L = +$5,250 +$1,337.5 = +$6,587.5