HEATING OIL FUTURES (DEC 2018), 1D, NYMEX
Trading Signal
Short Position (EP) : 2.1907
Stop Loss (SL) : 2.212
Take Profit (TP) : 2.1167, 2.0996
Description
HOZ2018 formed DRF Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.1907) and place stop after 0.618 level (2.212). Once the position was hit, place take profit before an agreement (2.1167) and 2.0996
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-$4.2
Commission fee = -$2.37/std-contract
EP to SL = $0 = -$894.6
Contract size to open = 3 standard contracts
EP to TP#1 = $0.07 = +$3,108
EP to TP#2 = $0.09 = +$3,826.2
Expected Result
Commission Fee = -$14.22
Loss = -$2,683.8
Gain#1 = +$6,216
Gain#2 = +$3,826.2
Total Gain = +$10,042.2
Risk/Reward Ratio = 3.72
Short Position (EP) : 2.1907
Stop Loss (SL) : 2.212
Take Profit (TP) : 2.1167, 2.0996
Description
HOZ2018 formed DRF Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.1907) and place stop after 0.618 level (2.212). Once the position was hit, place take profit before an agreement (2.1167) and 2.0996
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-$4.2
Commission fee = -$2.37/std-contract
EP to SL = $0 = -$894.6
Contract size to open = 3 standard contracts
EP to TP#1 = $0.07 = +$3,108
EP to TP#2 = $0.09 = +$3,826.2
Expected Result
Commission Fee = -$14.22
Loss = -$2,683.8
Gain#1 = +$6,216
Gain#2 = +$3,826.2
Total Gain = +$10,042.2
Risk/Reward Ratio = 3.72