Trading Signal
Long Position (EP) : 1302.3
Stop Loss (SL) : 1301.4
Take Profit (TP) : 1304.7, 1308.3
Description
GCQ2018 formed Double Double Repo Buy at 1h time frame. Trade setup with Buy Limit at 0.382 Level (1302.3) and place stop after 0.618 level (1301.4). Once the position was hit, place take profit before an agreement (1304.7) and 1308.3
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.9 = -$90/contract (STD)
Contract size to open = 4 standard contracts
EP to TP#1 = $2.4 = +$240 (STD)
EP to TP#2 = $6.0 = +$600 (STD)
Expected Result
Commission Fee = -$18.96
Loss = -$360
Gain#1 = +$480
Gain#2 = +$1,200
Total Gain = +$1,680
Risk/Reward Ratio = 4.43
Long Position (EP) : 1302.3
Stop Loss (SL) : 1301.4
Take Profit (TP) : 1304.7, 1308.3
Description
GCQ2018 formed Double Double Repo Buy at 1h time frame. Trade setup with Buy Limit at 0.382 Level (1302.3) and place stop after 0.618 level (1301.4). Once the position was hit, place take profit before an agreement (1304.7) and 1308.3
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.9 = -$90/contract (STD)
Contract size to open = 4 standard contracts
EP to TP#1 = $2.4 = +$240 (STD)
EP to TP#2 = $6.0 = +$600 (STD)
Expected Result
Commission Fee = -$18.96
Loss = -$360
Gain#1 = +$480
Gain#2 = +$1,200
Total Gain = +$1,680
Risk/Reward Ratio = 4.43