HEATING OIL Future JUL18 (1d)
Trading Signal
Short Position (EP) : 2.1399
Stop Loss (SL) : 2.1586
Take Profit (TP) : 2.0669, 1.9916
Description
RB formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.1399) and place stop after 0.618 level (2.1586). Once the position was hit, place take profit before an agreement (2.0669) and 1.9916
Money Management
Money in portfolio : $80,000
Risk Management (2%) : $1,600
Position Sizing
$0.0001 = +-$4.20 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.0187 = -$785.40/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.0730 = +$3,066.00 (STD)
EP to TP#2 = $0.1483= +$6,228.60 (STD)
Expected Result
Commission Fee = -$19.76
Loss = -$1,570.80
Gain#1 = +$3,066.00
Gain#2 = +$6,228.60
Total Gain = +$9,294.60
Risk/Reward Ratio = 5.92
Short Position (EP) : 2.1399
Stop Loss (SL) : 2.1586
Take Profit (TP) : 2.0669, 1.9916
Description
RB formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.1399) and place stop after 0.618 level (2.1586). Once the position was hit, place take profit before an agreement (2.0669) and 1.9916
Money Management
Money in portfolio : $80,000
Risk Management (2%) : $1,600
Position Sizing
$0.0001 = +-$4.20 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.0187 = -$785.40/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.0730 = +$3,066.00 (STD)
EP to TP#2 = $0.1483= +$6,228.60 (STD)
Expected Result
Commission Fee = -$19.76
Loss = -$1,570.80
Gain#1 = +$3,066.00
Gain#2 = +$6,228.60
Total Gain = +$9,294.60
Risk/Reward Ratio = 5.92