Trading Signal
Long Position (EP) : 1.17070
Stop Loss (SL) : 1.17000
Take Profit (TP) : 1.17385, 1.17635
Description
E6M2018 formed Double Repo Failure Buyl at 30m time frame. Trade setup with Sell Stop at 0.382 level (1.17070) and place stop loss at 0.618 level (1.17000). Once the position was hit, place take profit before an agreement (1.17385) and 1.17635
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00070 = -$87.5/contract
Contract size to open = 9 contracts
EP to TP#1 = 0.00315 = +$393.75
EP to TP#2 = 0.00565 = +$706.25
Expected Result
Commission fee = -$44.46
Loss = -$787.50
Gain#1 = +$1,968.75
Gain#2 = +$2,825
Total Gain = +$4,793.75
Risk/Reward Ratio = 5.76
Long Position (EP) : 1.17070
Stop Loss (SL) : 1.17000
Take Profit (TP) : 1.17385, 1.17635
Description
E6M2018 formed Double Repo Failure Buyl at 30m time frame. Trade setup with Sell Stop at 0.382 level (1.17070) and place stop loss at 0.618 level (1.17000). Once the position was hit, place take profit before an agreement (1.17385) and 1.17635
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00070 = -$87.5/contract
Contract size to open = 9 contracts
EP to TP#1 = 0.00315 = +$393.75
EP to TP#2 = 0.00565 = +$706.25
Expected Result
Commission fee = -$44.46
Loss = -$787.50
Gain#1 = +$1,968.75
Gain#2 = +$2,825
Total Gain = +$4,793.75
Risk/Reward Ratio = 5.76