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SuppasitWechprasit
Jul 17, 2018 3:04 PM

Soybean Meal Future DEC18 (1d) Long

Soybean Meal Futures (Dec 2018)CBOT

Description

Trading Signal
Long Position (EP) : 328.3
Stop Loss (SL) : 325.4
Take Profit (TP) : 338, 344.6

Description
AGR formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (328.3) and place stop after 0.618 level (325.4). Once the position was hit, place take profit before an agreement (338) and 344.6

Money Management
Money in portfolio : $133000
Risk Management (1%) : $1330

Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -1.67/contract (Standard)
EP to SL = $2.9 = -290/contract (STD)
Contract size to open = 5 standard contracts
EP to TP#1 = $9.7 = +$970 (STD)
EP to TP#2 = $16.3 = +$1630 (STD)

Expected Result
Commission Fee = -$16.7
Loss = -$1450
Gain#1 = +$2910
Gain#2 = +$3260
Total Gain = +$6170
Risk/Reward Ratio = 4.21
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