***Recorded for a missing opportunity***
Trading Signal
EP 1312.6
SL 1314
TP 1305.7
Description
FOMC Economic Projections will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1314
Low = 1312.6
Place stop buy at 1314 and stop sell at 1312.6. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 1.4 tick = -$14
Commission fee = -$8 (per 2 times position)
EP to TP = 6.9 tick = +$69
Risk/Reward Ratio = 3.136
%ROI = 69/385 = 17.922%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $69 * 2 = $138
I will lose -$24 * 2 = -$48
Trading Signal
EP 1312.6
SL 1314
TP 1305.7
Description
FOMC Economic Projections will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1314
Low = 1312.6
Place stop buy at 1314 and stop sell at 1312.6. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 1.4 tick = -$14
Commission fee = -$8 (per 2 times position)
EP to TP = 6.9 tick = +$69
Risk/Reward Ratio = 3.136
%ROI = 69/385 = 17.922%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $69 * 2 = $138
I will lose -$24 * 2 = -$48