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Fast9
Aug 22, 2018 8:22 PM

WHEAT FUTURES, 1D, CBOT Short

Wheat Futures (Dec 2018)CBOT

Description

Trading Signal
Short Position (EP) : 572
Stop Loss (SL) : 587.5
Take Profit (TP) : 534, 505.25

Description
ZW formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (572) and place stop after 0.618 level (587.5). Once the position was hit, place take profit before an agreement (534) and 505.25

Money Management
Money in portfolio : $48000
Risk Management (1%) : $480

Position Sizing
$0.25 = +-$ 12.50 (Standard)
Commission fee = -2.82/contract (Standard)
EP to SL = $15.5 = -775/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $38 = +$1900 (STD)
EP to TP#2 = $66.75 = +$3337.5 (STD)

Expected Result
Commission Fee = -$3.61
Loss = -$496
Gain#1 = +$588
Gain#2 = +$912
Total Gain = +$1500
Risk/Reward Ratio = 3.35
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