Gold (E-MICRO) Future APR2018 (News Impact) on Oct 12,2017
***Recorded for a missing opportunity***
Trading Signal
EP 1288.8
SL 1286.9
TP 1292.3
Description
FOMC Meeting Minutes 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 = 1288.8
Low = 1286.9
Place stop buy at 1288.8 and stop sell at 1286.9. 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 = 1.9 tick = -$19
Commission fee = -$8 (per 2 times position)
EP to TP = 3.5 tick = +$35
Risk/Reward Ratio = 1.296
%ROI = 35/385 = 9.091%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $35 * 2 = $70
I will lose -$27 * 2 = -$54
Trading Signal
EP 1288.8
SL 1286.9
TP 1292.3
Description
FOMC Meeting Minutes 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 = 1288.8
Low = 1286.9
Place stop buy at 1288.8 and stop sell at 1286.9. 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 = 1.9 tick = -$19
Commission fee = -$8 (per 2 times position)
EP to TP = 3.5 tick = +$35
Risk/Reward Ratio = 1.296
%ROI = 35/385 = 9.091%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $35 * 2 = $70
I will lose -$27 * 2 = -$54
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.