COMEX:GCJ2018   GOLD FUTURES (APR 2018)
Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357.

Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.

Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con

Then I will put 1 Contract

If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
High Supreme Merchant
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