Trading Signal
Long Position (EP) : 64.67
Stop Loss (SL) : 64.31
Take Profit (TP) : 65.51
Description
CL1! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (64.67) and place stop loss after 0.382 level of FR (64.31). Once the position was hit, place take profit before an agreement zone (65.51)
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.36 = -$360/contract (STD)
Contract size to open = 1 standard contracts
EP to TP = $0.84 = +$840 (STD)
Expected Result
Commission Fee = -$4.74
Loss = -$360
Gain = +$840
Risk/Reward Ratio = 2.30
Long Position (EP) : 64.67
Stop Loss (SL) : 64.31
Take Profit (TP) : 65.51
Description
CL1! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (64.67) and place stop loss after 0.382 level of FR (64.31). Once the position was hit, place take profit before an agreement zone (65.51)
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.36 = -$360/contract (STD)
Contract size to open = 1 standard contracts
EP to TP = $0.84 = +$840 (STD)
Expected Result
Commission Fee = -$4.74
Loss = -$360
Gain = +$840
Risk/Reward Ratio = 2.30