LIVE CATTLE FUTURES (APR 2019), 1D, CME
Trading Signal
Short Position (EP) : 127.4
Stop Loss (SL) : 128.2
Take Profit (TP) : 125.325, 124.025
Description
LEJ2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (127.4) and place stop after 0.618 level (128.2). Once the position was hit, place take profit before an agreement (125.325) and 124.025
Money Management
Money in portfolio : $1,000,000
Risk Management (0.5%) : $5,000
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $0.8 = -$320
Contract size to open = 15 standard contracts
EP to TP#1 = $2.1 = +$830
EP to TP#2 = $3.4 = +$1,350
Expected Result
Commission Fee = -$87
Loss = -$4,800
Gain#1 = +$6,640
Gain#2 = +$9,450
Total Gain = +$16,090
Risk/Reward Ratio = 3.27
Short Position (EP) : 127.4
Stop Loss (SL) : 128.2
Take Profit (TP) : 125.325, 124.025
Description
LEJ2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (127.4) and place stop after 0.618 level (128.2). Once the position was hit, place take profit before an agreement (125.325) and 124.025
Money Management
Money in portfolio : $1,000,000
Risk Management (0.5%) : $5,000
Position Sizing
$0.025 = +-$10/std-contract
Commission fee = -$5.8/std-contract
EP to SL = $0.8 = -$320
Contract size to open = 15 standard contracts
EP to TP#1 = $2.1 = +$830
EP to TP#2 = $3.4 = +$1,350
Expected Result
Commission Fee = -$87
Loss = -$4,800
Gain#1 = +$6,640
Gain#2 = +$9,450
Total Gain = +$16,090
Risk/Reward Ratio = 3.27
Trade active
Trade closed: stop reached:
-$4,431.38 (-0.62%)