Trading Signal EP 1282.3 SL 1282.3 TP 1283.2 Description FOMC Meeting Minutes will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1282.3 Low = 1281.4
Place stop buy at 1282.3 and stop sell at 1281.4. 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 = 0.9 tick = -$9 Commission fee = -$8 (per 2 times position) EP to TP = 0.9 tick = +$9 Risk/Reward Ratio = 0.5 %ROI = 9/385 = 2.337%
Example I have $800 in port Maximum allowable contract size = 800/385 =2.078 = 2 contract I will gain $9 * 2 = $18 I will lose -$18 * 2 = -$36