Trading Signal
Long Position (EP) : 1325.7
Stop Loss (SL) : 1324.7
Take Profit (TP) : 1328.0, 1331.0
Description
GC1! formed Double Repo Buy at 1H time frame. Trade setup with buy limit at 0.618 level of FR (1325.7) and place stop loss after 0.382 level of FR (1324.7). Once the position was hit, place take profit half of the open contract before an agreement (1328.0) and the other half at 1331.0
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)
EP to SL = $1 = -$100/contract (STD), -$10/contract (Mini)
Contract size to open = 8 standard contracts and 0 mini contract
EP to TP#1 = $2.3 = +$230 (STD), +$23 (Mini)
EP to TP#2 = $5.3 = +$530 (STD), +$53 (Mini)
Expected Result
Commission Fee = -$192
Loss = -$800
Gain#1 = +$920
Gain#2 = +$2,120
Total Gain = +$3,040
Risk/Reward Ratio = 3.30
Long Position (EP) : 1325.7
Stop Loss (SL) : 1324.7
Take Profit (TP) : 1328.0, 1331.0
Description
GC1! formed Double Repo Buy at 1H time frame. Trade setup with buy limit at 0.618 level of FR (1325.7) and place stop loss after 0.382 level of FR (1324.7). Once the position was hit, place take profit half of the open contract before an agreement (1328.0) and the other half at 1331.0
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)
EP to SL = $1 = -$100/contract (STD), -$10/contract (Mini)
Contract size to open = 8 standard contracts and 0 mini contract
EP to TP#1 = $2.3 = +$230 (STD), +$23 (Mini)
EP to TP#2 = $5.3 = +$530 (STD), +$53 (Mini)
Expected Result
Commission Fee = -$192
Loss = -$800
Gain#1 = +$920
Gain#2 = +$2,120
Total Gain = +$3,040
Risk/Reward Ratio = 3.30
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.