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Short

Gold Future FEB2018 (News Impact)

COMEX:GCG2018   GOLD FUTURES (FEB 2018)
***Recorded for a missing opportunity***

FOMC Meeting Minutes impact

Trading Signal
EP 1317.3
TP 1314.8
SL 1318.7

Description
FOMC Meeting Minutes will be arranged at 02:00. Setup a trading position when the time is 01:59. Note the current High and Low of the current candle stick.

High = 1318.7
Low = 1317.3

Place stop buy at 1318.7 and stop sell at 1317.3. When the time has come (02:00), it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.

Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $3,850
EP to SL = 1.4 tick = -$140
Commission fee = -$30 (per 2 times position)
EP to TP = 2.5 tick = +$250
Risk/Reward Ratio = 1.47
%ROI = 250/3850 = 6.49%

Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $250 * 12 = $3,000
I will lose -$170 * 12 = -$2,040
High Supreme Merchant
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