Trading Signal EP 1277.5 SL 1276.6 TP 1279.9 Description FOMC Statement will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1277.5 Low = 1276.6
Place stop buy at 1277.5 and stop sell at 1276.6. When the time has come , it will hit one of the other position (In this case it hits short 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 $385 ( 1 tick = 10$) EP to SL = 0.9 tick = -$9 Commission fee = -$8 (per 2 times position) EP to TP = 2.4 tick = +$24 Risk/Reward Ratio = 1.412 %ROI = 24/385 = 6.233%
Example I have $800 in port Maximum allowable contract size = 2800/385 =2.078 = 2 contract I will gain $24 * 2 = $48 I will lose -$17 * 2 = -$34
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.