***Recorded for a missing opportunity***
Trading Signal
EP 1333.7
SL 1328.8
Description
FOMC Meeting Minutes will be reported figure at 02.00. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.
High = 1333.7
Low = 1328.8
Place stop buy at 1333.7 and stop sell at 1328.8. When the time has come , 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 $385 ( 1 tick = 10$)
EP to SL =4.9 tick = -$49
Commission fee = -$8 (per 2 times position)
EP to TP = 4 tick = +$40
Risk/Reward Ratio = 1.225
%ROI = 57/385 = 12.72%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $40 * 2 = $72
I will lose -$49 * 2 = -$106
Trading Signal
EP 1333.7
SL 1328.8
Description
FOMC Meeting Minutes will be reported figure at 02.00. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.
High = 1333.7
Low = 1328.8
Place stop buy at 1333.7 and stop sell at 1328.8. When the time has come , 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 $385 ( 1 tick = 10$)
EP to SL =4.9 tick = -$49
Commission fee = -$8 (per 2 times position)
EP to TP = 4 tick = +$40
Risk/Reward Ratio = 1.225
%ROI = 57/385 = 12.72%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $40 * 2 = $72
I will lose -$49 * 2 = -$106