Trading Signal
Long Position (EP) : 1.23315
Stop Loss (SL) : 1.2327
Take Profit (TP) : 1.2344
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.23315) and place stop loss after 0.382 level of FR (1.2327). Once the position was hit, place take profit before a first agreement (1.2344)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00045 = -$56.25/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00125 = +$156.25
Expected Result
Commission fee = -$288
Loss = -$675
Gain = +$1,875
Risk/Reward Ratio = 2.77
Long Position (EP) : 1.23315
Stop Loss (SL) : 1.2327
Take Profit (TP) : 1.2344
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.23315) and place stop loss after 0.382 level of FR (1.2327). Once the position was hit, place take profit before a first agreement (1.2344)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00045 = -$56.25/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00125 = +$156.25
Expected Result
Commission fee = -$288
Loss = -$675
Gain = +$1,875
Risk/Reward Ratio = 2.77