Trading Signal
Long Position (EP) : 1323.8
Stop Loss (SL) : 1323.1
Take Profit (TP) : 1325.9, 1327.7
Description
GC1! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed TTS Buy at 1h time frame. Trade setup with buy stop at previous low (1323.8) and place stop loss at current low (1323.1). Once the position was hit, place take profit half of the open contract before first resistance (1316.0) and the other half before second resistance (1327.7)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $0.7 = -$70/contract (STD), -$7/contract (Micro)
Contract size to open = 11 standard contracts and 0 mini contract
EP to TP#1 = $2.1 = +$210 (STD), +$21 (Micro)
EP to TP#2 = $3.9 = +$390 (STD), +$39 (Micro)
Expected Result
Commission Fee = -$264
Loss = -$770
Gain#1 = +$1,260
Gain#2 = +$1,950
Risk/Reward Ratio = 4.16
Long Position (EP) : 1323.8
Stop Loss (SL) : 1323.1
Take Profit (TP) : 1325.9, 1327.7
Description
GC1! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed TTS Buy at 1h time frame. Trade setup with buy stop at previous low (1323.8) and place stop loss at current low (1323.1). Once the position was hit, place take profit half of the open contract before first resistance (1316.0) and the other half before second resistance (1327.7)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
$0.1 = +-$10 (Standard)
$0.1 = +-$1 (Micro)
Commission fee = -$24/contract (Standard), -$8/contract (Micro)
EP to SL = $0.7 = -$70/contract (STD), -$7/contract (Micro)
Contract size to open = 11 standard contracts and 0 mini contract
EP to TP#1 = $2.1 = +$210 (STD), +$21 (Micro)
EP to TP#2 = $3.9 = +$390 (STD), +$39 (Micro)
Expected Result
Commission Fee = -$264
Loss = -$770
Gain#1 = +$1,260
Gain#2 = +$1,950
Risk/Reward Ratio = 4.16
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.