Trading Signal
Short Position (EP) : 1323.7
Stop Loss (SL) : 1324.6
Take Profit (TP) : 1321.3, 1319.6
Description
GC1! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1323.7) and place stop loss after 0.382 level of FR (1324.6). Once the position was hit, place take profit half of the open contract before an agreement (1321.3) and the other half at 1319.6
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $0.9 = -$90/contract (STD), -$9/contract (Micro)
Contract size to open = 8 standard contracts and 7 micro contract
EP to TP#1 = $2.4 = +$240 (STD), +$24 (Micro)
EP to TP#2 = $4.1 = +$410 (STD), +$41 (Micro)
Expected Result
Commission Fee = -$248
Loss = -$783
Gain#1 = +$1,128
Gain#2 = +$1,640
Total Gain = +$2,768
Risk/Reward Ratio = 3.53
Short Position (EP) : 1323.7
Stop Loss (SL) : 1324.6
Take Profit (TP) : 1321.3, 1319.6
Description
GC1! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1323.7) and place stop loss after 0.382 level of FR (1324.6). Once the position was hit, place take profit half of the open contract before an agreement (1321.3) and the other half at 1319.6
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $0.9 = -$90/contract (STD), -$9/contract (Micro)
Contract size to open = 8 standard contracts and 7 micro contract
EP to TP#1 = $2.4 = +$240 (STD), +$24 (Micro)
EP to TP#2 = $4.1 = +$410 (STD), +$41 (Micro)
Expected Result
Commission Fee = -$248
Loss = -$783
Gain#1 = +$1,128
Gain#2 = +$1,640
Total Gain = +$2,768
Risk/Reward Ratio = 3.53