Trading Signal
Long Position (EP) : 1321.0
Stop Loss (SL) : 1318.1
Take Profit (TP) : 1323.3, 1328.0
Description
GC1! formed Double Repo Buy at 4H time frame. Trade setup with buy limit at 0.618 level of FR (1321.0) and place stop loss after 0.382 level of FR (1318.1). Once the position was hit, place take profit half of the open contract before an agreement (1323.3) and the other half at 1328.0
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 = $2.9 = -$290/contract (STD), -$29/contract (Micro)
Contract size to open = 3 standard contracts and 0 micro contract
EP to TP#1 = $2.3 = +$230 (STD), +$23 (Micro)
EP to TP#2 = $7.0 = +$700 (STD), +$70 (Micro)
Expected Result
Commission Fee = -$72
Loss = -$870
Gain#1 = +$460
Gain#2 = +$700
Total Gain = +$1,160
Risk/Reward Ratio = 1.33
Long Position (EP) : 1321.0
Stop Loss (SL) : 1318.1
Take Profit (TP) : 1323.3, 1328.0
Description
GC1! formed Double Repo Buy at 4H time frame. Trade setup with buy limit at 0.618 level of FR (1321.0) and place stop loss after 0.382 level of FR (1318.1). Once the position was hit, place take profit half of the open contract before an agreement (1323.3) and the other half at 1328.0
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 = $2.9 = -$290/contract (STD), -$29/contract (Micro)
Contract size to open = 3 standard contracts and 0 micro contract
EP to TP#1 = $2.3 = +$230 (STD), +$23 (Micro)
EP to TP#2 = $7.0 = +$700 (STD), +$70 (Micro)
Expected Result
Commission Fee = -$72
Loss = -$870
Gain#1 = +$460
Gain#2 = +$700
Total Gain = +$1,160
Risk/Reward Ratio = 1.33