SuppasitWechprasit
Long

E-Mini S&P500 Future JUN18 (CME)

CME_MINI:ES1!   S&P 500 E-mini Futures
Trading Signal
Long Position (EP) : 2714.25
Stop Loss (SL) : 2707.75
Take Profit (TP) : 2733.25, 2741.75

Description
ES1! has reached 24-day confluence support zone . it formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (2714.25) and place stop loss at 0.382 level of FR (2707.75). Once the position was hit, place take profit before an agreement zone (2733.25) and 2741.75 respectively.

Money Management
Money in portfolio : $50,000
Risk Management (1%) : $500

Position Sizing
$0.25 = +-$12.50 (Mini)
Commission fee = -$2/contract (Mini)
EP to SL = $6.50 = -$325/contract (Mini)
Contract size to open = 2 mini contract
EP to TP#1 = $19.00 = +$950 (Mini)
EP to TP#2 = $27.50 = +$1,375 (Mini)

Expected Result
Commission Fee = -$4
Loss = -$650
Gain#1 = +$950
Gain#2 = +$1,375
Total Gain = +$2,325
Risk/Reward Ratio = 3.58
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