GOLD FUTURES (FEB 2019), 1D, COMEX
Trading Signal
Long Position (EP) : 1291.9
Stop Loss (SL) : 1286.6
Take Profit (TP) : 1317.6
Description
GCG2019 formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1291.9) and place stop after 0.618 level (1286.6). Once the position was hit, place take profit before an agreement (1317.6)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.1+-$10/std-contract
Commission fee = -$1.67/std-contract
EP to SL = $5.3 = -$530
Contract size to open = 6 standard contracts
EP to TP = $25.7 = +$2,570
Expected Result
Commission Fee = -$20.04
Loss = -$3,180
Gain = +$15,420
Risk/Reward Ratio = 4.81
Long Position (EP) : 1291.9
Stop Loss (SL) : 1286.6
Take Profit (TP) : 1317.6
Description
GCG2019 formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1291.9) and place stop after 0.618 level (1286.6). Once the position was hit, place take profit before an agreement (1317.6)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.1+-$10/std-contract
Commission fee = -$1.67/std-contract
EP to SL = $5.3 = -$530
Contract size to open = 6 standard contracts
EP to TP = $25.7 = +$2,570
Expected Result
Commission Fee = -$20.04
Loss = -$3,180
Gain = +$15,420
Risk/Reward Ratio = 4.81
Trade active
Trade closed: stop reached:
-$6380.04 (-2.27%)