Gold Future April Series (CMX) Long

Gold FuturesCOMEX

Description

⋅ Feb 12, 2018 4:35 AM

Trading Signal
Long Position (EP) : 1322
Stop Loss (SL) : 1316
Take Profit (TP) : 1333

Description
GC1! future formed Double Repo Buy at 4h time frame. Buy Limit position at 0.618 level of FR (1322.0) When the position has entered, place take profit before an agreement (1333) and place stop loss at 1316.0 When the price go up above 1329, shift stop loss to Break Even (BE) position (1322). Until the price reach TP (1333)

Money Management
Money in portfolio : $53,000
Risk Management (1%) : $530

Position Sizing
1 Tick value = +-$100
EP to SL = 6 Tick value = -600/contract
Contract size to open = 1 contracts
EP to TP = 11 tick value = +$1,100

Expected Result
Loss = -$600
Gain = +$1,100
Risk/Reward Ratio = 1.83

Trade active

⋅ Feb 12, 2018 2:48 PM

Trade closed: target reached

⋅ Feb 13, 2018 11:55 AM

Comments

Zaiteku7

⋅ Feb 13, 2018 9:58 AM

Nice trade, good analysis. I'm entering where you trade ends for the next leg down 1335 down to 1,295-,1306 range but really waiting for the next major leg up from that area. Good luck in your trades.