Trading Signal
Long Position (EP) : 1.17170
Stop Loss (SL) : 1.17035
Take Profit (TP) : 1.17605, 1.18085
Description
E6M2018 formed Double Repo Failure Buyl at 1h time frame. Trade setup with Sell limit at 0.382 level (1.17170) and place stop loss at 0.618 level (1.17035). Once the position was hit, place take profit before an agreement (1.17605) and 1.18085
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00135 = -$168.75/contract
Contract size to open = 2 contracts
EP to TP#1 = 0.00435 = +$543.75
EP to TP#2 = 0.00915 = +$1,143.75
Expected Result
Commission fee = -$9.88
Loss = -$337.5
Gain#1 = +$543.75
Gain#2 = +$1,143.75
Total Gain = +$1,687.5
Risk/Reward Ratio = 4.86
Long Position (EP) : 1.17170
Stop Loss (SL) : 1.17035
Take Profit (TP) : 1.17605, 1.18085
Description
E6M2018 formed Double Repo Failure Buyl at 1h time frame. Trade setup with Sell limit at 0.382 level (1.17170) and place stop loss at 0.618 level (1.17035). Once the position was hit, place take profit before an agreement (1.17605) and 1.18085
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00135 = -$168.75/contract
Contract size to open = 2 contracts
EP to TP#1 = 0.00435 = +$543.75
EP to TP#2 = 0.00915 = +$1,143.75
Expected Result
Commission fee = -$9.88
Loss = -$337.5
Gain#1 = +$543.75
Gain#2 = +$1,143.75
Total Gain = +$1,687.5
Risk/Reward Ratio = 4.86