***Recorded for a missing opportunity***
Trading Signal
EP 1251.6
SL 1248.5
Description
FOMC Meeting Minutes will be reported figure at 02.00. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.
High = 1251.6
Low = 1248.5
Place stop buy at 1251.6 and stop sell at 1248.5. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL =3.1 tick = -$31
Commission fee = -$8 (per 2 times position)
EP to TP = 5.4 tick = +$54
Risk/Reward Ratio = 1.384
%ROI = 54/385 = 14.026%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $54 * 2 = $108
I will lose -$39 * 2 = -$78
Trading Signal
EP 1251.6
SL 1248.5
Description
FOMC Meeting Minutes will be reported figure at 02.00. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.
High = 1251.6
Low = 1248.5
Place stop buy at 1251.6 and stop sell at 1248.5. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL =3.1 tick = -$31
Commission fee = -$8 (per 2 times position)
EP to TP = 5.4 tick = +$54
Risk/Reward Ratio = 1.384
%ROI = 54/385 = 14.026%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $54 * 2 = $108
I will lose -$39 * 2 = -$78