Trading Signal
Long Position (EP) : 1318.1
Stop Loss (SL) : 1317
Take Profit (TP) : 1319.3, 1320.8
Description
At day time frame, GC1! reached supply zone. Looking for buy opportunity in lower time frame. GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1318.1) and place stop loss after 0.382 level of FR (1317). Once the position was hit, place take profit half of the open contract before an agreement (1319.3) and the other half at 1320.8
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $1.1 = -$110/contract (STD), -$11/contract (Micro)
Contract size to open = 7 standard contracts and 5 micro contract
EP to TP#1 = $1.2 = +$120 (STD), +$12 (Micro)
EP to TP#2 = $2.7 = +$270 (STD), +$27 (Micro)
Expected Result
Commission Fee = -$208
Loss = -$825
Gain#1 = +$480
Gain#2 = +$945
Total Gain = +$1,425
Risk/Reward Ratio = 1.7
Long Position (EP) : 1318.1
Stop Loss (SL) : 1317
Take Profit (TP) : 1319.3, 1320.8
Description
At day time frame, GC1! reached supply zone. Looking for buy opportunity in lower time frame. GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1318.1) and place stop loss after 0.382 level of FR (1317). Once the position was hit, place take profit half of the open contract before an agreement (1319.3) and the other half at 1320.8
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $1.1 = -$110/contract (STD), -$11/contract (Micro)
Contract size to open = 7 standard contracts and 5 micro contract
EP to TP#1 = $1.2 = +$120 (STD), +$12 (Micro)
EP to TP#2 = $2.7 = +$270 (STD), +$27 (Micro)
Expected Result
Commission Fee = -$208
Loss = -$825
Gain#1 = +$480
Gain#2 = +$945
Total Gain = +$1,425
Risk/Reward Ratio = 1.7