Long
AUSTRALIAN DOLLAR FUTURES (MAR 2019), 1D, CME
Trading Signal
Long Position (EP) : 0.7025
Stop Loss (SL) : 0.6991
Take Profit (TP) : 0.7093
Description
A6 formed Turtle Soup at 1d time frame. Trade setup with Buy Stop at 0.7025. Stop Loss at 0.6991. Take Profit at 0.7093
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-110/STD-contract
Commission fee = -44.94/STD-contract
EP to SL = $0 = -$340
Contract size to open = 8 standard contracts
EP to TP = $0.01 = +$680
Expected Result
Commission Fee = -$39.52
Loss = -$2,720
Gain = +$5,440
Risk/Reward Ratio = 1.97
Long Position (EP) : 0.7025
Stop Loss (SL) : 0.6991
Take Profit (TP) : 0.7093
Description
A6 formed Turtle Soup at 1d time frame. Trade setup with Buy Stop at 0.7025. Stop Loss at 0.6991. Take Profit at 0.7093
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-110/STD-contract
Commission fee = -44.94/STD-contract
EP to SL = $0 = -$340
Contract size to open = 8 standard contracts
EP to TP = $0.01 = +$680
Expected Result
Commission Fee = -$39.52
Loss = -$2,720
Gain = +$5,440
Risk/Reward Ratio = 1.97
Trade closed: target reached
Realized profit $5,440 (+1.94%)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.