Trading Signal
Short Position (EP) : 63.05
Stop Loss (SL) : 63.75
Take Profit (TP) : 62.00
Description
CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.70 Tick value = -$700/contract
Contract size to open = 1 contracts
EP to TP = 1.05 tick value = +$1,050
Expected Result
Loss = -$730
Gain = +$1,020
Risk/Reward Ratio = 1.38
Short Position (EP) : 63.05
Stop Loss (SL) : 63.75
Take Profit (TP) : 62.00
Description
CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.70 Tick value = -$700/contract
Contract size to open = 1 contracts
EP to TP = 1.05 tick value = +$1,050
Expected Result
Loss = -$730
Gain = +$1,020
Risk/Reward Ratio = 1.38