***Study Case for re-entry position***
Trading Signal
#Fig.2
Long Position (EP) : 1310.0
Stop Loss (SL) : 1307.5
Take Profit (TP) : 1317.0, 1324.8
#Fig.3 (Re-entry position)
Long Position (EP) : 1310.0
Stop Loss (SL) : 1307.5
Take Profit (TP) : 1316.0, 1323.0
Description
#Fig.1
At week time frame, GC1! formed Double Repo Sell and reached first supply zone at 1308. Finding opportunity to buy at lower time frame.
#Fig.2
GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1310) and place stop loss after 0.382 level of FR (1307.5). Once the position was hit, place take profit half of the open contract before an agreement (1317.0) and the other half at 1324.8
#Fig.3 (Re-entry position)
GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy stop at 0.618 level of FR (1310.0) and place stop loss after 0.382 level of FR (1307.5). Once the position was hit, place take profit half of the open contract before an agreement (1316.0) and the other half at 1323.0
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Mini)
Commission fee = -$24/contract (Standard), -$8/contract (Mini)
#Fig.2
EP to SL = $2.5 = -$250/contract (STD), -$25/contract (Mini)
Contract size to open = 3 standard contracts and 6 mini contract
EP to TP#1 = $7 = +$700 (STD), +$70 (Mini)
EP to TP#2 = $14.8 = +$1,480 (STD), +$148 (Mini)
#Fig.3
EP to SL = $2.5 = -$250/contract (STD), -$25/contract (Mini)
Contract size to open = 3 standard contracts and 6 mini contract
EP to TP#1 = $6 = +$600 (STD), +$60 (Mini)
EP to TP#2 = $13 = +$1300 (STD), +$130 (Mini)
Expected Result
#Fig.1
Commission Fee = -$240
Loss = -$1020
Gain = +$3,768
Risk/Reward Ratio = 3.69
#Fig.2
Commission Fee = -$240
Loss = -$1020
Gain = +$3,280
Risk/Reward Ratio = 3.21
Conclusion
Total P&L = +$3,280 -$1020 = 2,260
Trading Signal
#Fig.2
Long Position (EP) : 1310.0
Stop Loss (SL) : 1307.5
Take Profit (TP) : 1317.0, 1324.8
#Fig.3 (Re-entry position)
Long Position (EP) : 1310.0
Stop Loss (SL) : 1307.5
Take Profit (TP) : 1316.0, 1323.0
Description
#Fig.1
At week time frame, GC1! formed Double Repo Sell and reached first supply zone at 1308. Finding opportunity to buy at lower time frame.
#Fig.2
GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1310) and place stop loss after 0.382 level of FR (1307.5). Once the position was hit, place take profit half of the open contract before an agreement (1317.0) and the other half at 1324.8
#Fig.3 (Re-entry position)
GC1! formed Double Repo Buy at 30m time frame. Trade setup with buy stop at 0.618 level of FR (1310.0) and place stop loss after 0.382 level of FR (1307.5). Once the position was hit, place take profit half of the open contract before an agreement (1316.0) and the other half at 1323.0
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Mini)
Commission fee = -$24/contract (Standard), -$8/contract (Mini)
#Fig.2
EP to SL = $2.5 = -$250/contract (STD), -$25/contract (Mini)
Contract size to open = 3 standard contracts and 6 mini contract
EP to TP#1 = $7 = +$700 (STD), +$70 (Mini)
EP to TP#2 = $14.8 = +$1,480 (STD), +$148 (Mini)
#Fig.3
EP to SL = $2.5 = -$250/contract (STD), -$25/contract (Mini)
Contract size to open = 3 standard contracts and 6 mini contract
EP to TP#1 = $6 = +$600 (STD), +$60 (Mini)
EP to TP#2 = $13 = +$1300 (STD), +$130 (Mini)
Expected Result
#Fig.1
Commission Fee = -$240
Loss = -$1020
Gain = +$3,768
Risk/Reward Ratio = 3.69
#Fig.2
Commission Fee = -$240
Loss = -$1020
Gain = +$3,280
Risk/Reward Ratio = 3.21
Conclusion
Total P&L = +$3,280 -$1020 = 2,260
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.