POSSIBILITY OF RECOVERY, RANGING, THEN, PULLBACK DOWN - UB1! -30Thank you for your likes and shares! Much appreciated!
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This is not a Squeeze, it is a true market trend. Possibility of seeing the market ranging in the lower area of Andrew's Pitchfork zones which acts all as true resistances.
Beware, possibility of pullback on the actual price. High possibility also of recovery, ranging then pullback on the black dotted line to go down again.
UB1! trade ideas
ULTRA T-BOND FUTURES (MAR 2019), 1D, CBOTTrading Signal
Short Position (EP) : 161.625
Stop Loss (SL) : 162.28125
Take Profit (TP) : 160.3125
Description
UDH2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (161.625) and place stop after 0.618 level (162.28125). Once the position was hit, place take profit before an agreement (160.3125)
Money Management
Money in portfolio : $1,000,000
Risk Management (1%) : $10,000
Position Sizing
$0.03125 = +-$31.25/std-contract
Commission fee = -$1.72/std-contract
EP to SL = $0.65625 = -$656.25
Contract size to open = 15 standard contracts
EP to TP#1 = $1.3125 = +$1,312.5
Expected Result
Commission Fee = -$51.6
Loss = -$9,843.75
Gain = +$19,687.5
Risk/Reward Ratio = 1.98