***Recorded for a missing opportunity***
Non-Farm Employment Change impact
Trading Signal
EP 1319.4
TP 1323.1
SL 1317.3
Description
Non-Farm Employment Change will be reported figure 20:30. Setup a trading position when the time is 20:29. Note the current High and Low of the current candle stick.
High = 1319.4
Low = 1317.3
Place stop buy at 1319.4 and stop sell at 1317.3. When the time has come (20:30), it will hit one of the other position (In this case it hits long 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 $3,850
EP to SL = 2.1 tick = -$210
Commission fee = -$30 (per 2 times position)
EP to TP = 3.7 tick = +$370
Risk/Reward Ratio = 1.54
%ROI = 370/3850 = 9.61%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $370 * 12 = $4,440
I will lose -$240 * 12 = -$2,880
Non-Farm Employment Change impact
Trading Signal
EP 1319.4
TP 1323.1
SL 1317.3
Description
Non-Farm Employment Change will be reported figure 20:30. Setup a trading position when the time is 20:29. Note the current High and Low of the current candle stick.
High = 1319.4
Low = 1317.3
Place stop buy at 1319.4 and stop sell at 1317.3. When the time has come (20:30), it will hit one of the other position (In this case it hits long 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 $3,850
EP to SL = 2.1 tick = -$210
Commission fee = -$30 (per 2 times position)
EP to TP = 3.7 tick = +$370
Risk/Reward Ratio = 1.54
%ROI = 370/3850 = 9.61%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $370 * 12 = $4,440
I will lose -$240 * 12 = -$2,880
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.