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SuppasitWechprasit
Apr 8, 2018 8:36 PM

Gold Future JUN18 (COMEX) Short

Gold FuturesCOMEX

Description

Trading Signal
Short Position (EP) : 1335.1
Stop Loss (SL) : 1343.4
Take Profit (TP) : 1315.4, 1289.4

Description
GC1! formed Double Double Repo Sell at 1d time frame. Trade setup with Sell limit at 0.382 Level of FR (1335.1) and place stop after 0.618 Level of FR (1343.4). Once the position was hit, place take profit before an agreement (1315.4) and 1289.4

Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365

Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -2.37/contract (Standard)
EP to SL = $8.3 = -830/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $19.7 = +$1,970 (STD)
EP to TP#2 = $45.70 = +$4,570 (STD)

Expected Result
Commission Fee = -$9.48
Loss = -$1,660
Gain#1 = +$1,970
Gain#2 = +$4,570
Total Gain = +$6,540
Risk/Reward Ratio = 3.92
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