***Recorded for a missing opportunity***
Consumer Price Index impact
Trading Signal
EP 1268.2
TP 1274.5
SL 1266.6
Description
CPI -0.08% will be reported figure at 19:30. Setup a trading position when the time is 19:29. Note the current High and Low of the current candle stick.
High = 1268.2
Low = 1266.6
Place stop buy at 1268.2 and stop sell at 1266.6. When the time has come, it will hit one of the other position (In this case it hits long 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 = 1.6 tick = -$160
Commission fee = -$30 (per 2 times position)
EP to TP = 6.3 tick = +$630
Risk/Reward Ratio = 0.25
%ROI = 630/3850 = 16.36%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $630 * 12 = $7560
I will lose -$160 * 12 = -$1920
Consumer Price Index impact
Trading Signal
EP 1268.2
TP 1274.5
SL 1266.6
Description
CPI -0.08% will be reported figure at 19:30. Setup a trading position when the time is 19:29. Note the current High and Low of the current candle stick.
High = 1268.2
Low = 1266.6
Place stop buy at 1268.2 and stop sell at 1266.6. When the time has come, it will hit one of the other position (In this case it hits long 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 = 1.6 tick = -$160
Commission fee = -$30 (per 2 times position)
EP to TP = 6.3 tick = +$630
Risk/Reward Ratio = 0.25
%ROI = 630/3850 = 16.36%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $630 * 12 = $7560
I will lose -$160 * 12 = -$1920