LEAN HOGS FUTURES (FEB 2019), 1D, CME
Trading Signal
Long Position (EP) : 60.2
Stop Loss (SL) : 59.5
Take Profit (TP) : 61.6
Description
HEG2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (60.2) and place stop after 0.618 level (59.5). Once the position was hit, place take profit before an agreement (61.6)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $0.7 = -$280
Contract size to open = 10 standard contracts
EP to TP = $1.4 = +$560
Expected Result
Commission Fee = -$58
Loss = -$2,800
Gain = +$5,600
Risk/Reward Ratio = 1.94
Long Position (EP) : 60.2
Stop Loss (SL) : 59.5
Take Profit (TP) : 61.6
Description
HEG2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (60.2) and place stop after 0.618 level (59.5). Once the position was hit, place take profit before an agreement (61.6)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $0.7 = -$280
Contract size to open = 10 standard contracts
EP to TP = $1.4 = +$560
Expected Result
Commission Fee = -$58
Loss = -$2,800
Gain = +$5,600
Risk/Reward Ratio = 1.94
Trade closed: target reached:
+$5,542 (+1.97%)