Trading Signal
Long Position (EP) : 1309.9
Stop Loss (SL) : 1308.8
Take Profit (TP) : 1313.2, 1316.9
Description
GCQ2018 formed Double Double Repo Failure Buy at 30m time frame. Trade setup with Buy Stop at 0.382 Level (1309.9) and place stop after 0.618 level (1308.8). Once the position was hit, place take profit before an agreement (1313.2) and 1316.9
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $1.1 = -$110/contract (STD)
Contract size to open = 3 standard contracts
EP to TP#1 = $3.3 = +$330 (STD)
EP to TP#2 = $7.0 = +$700 (STD)
Expected Result
Commission Fee = -$14.22
Loss = -$330
Gain#1 = +$660
Gain#2 = +$700
Total Gain = +$1,360
Risk/Reward Ratio = 3.95
Long Position (EP) : 1309.9
Stop Loss (SL) : 1308.8
Take Profit (TP) : 1313.2, 1316.9
Description
GCQ2018 formed Double Double Repo Failure Buy at 30m time frame. Trade setup with Buy Stop at 0.382 Level (1309.9) and place stop after 0.618 level (1308.8). Once the position was hit, place take profit before an agreement (1313.2) and 1316.9
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $1.1 = -$110/contract (STD)
Contract size to open = 3 standard contracts
EP to TP#1 = $3.3 = +$330 (STD)
EP to TP#2 = $7.0 = +$700 (STD)
Expected Result
Commission Fee = -$14.22
Loss = -$330
Gain#1 = +$660
Gain#2 = +$700
Total Gain = +$1,360
Risk/Reward Ratio = 3.95