Gold (E-MICRO) Future APR2018 (News Impact) on Oct 5,2017
***Recorded for a missing opportunity***
Trading Signal
EP 1278.2
SL 1275.8
TP 1280.0
Description
FOMC Member Powell Speaks will be reported figure at 20.05. Setup a trading position when the time is 20.00. Note the current High and Low of the current candle stick.
High = 1278.2
Low = 1275.8
Place stop buy at 1278.2 and stop sell at 1275.8. 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 =1.8 tick = -$18
Commission fee = -$8 (per 2 times position)
EP to TP = 2.4 tick = +$24
Risk/Reward Ratio = 0.923
%ROI = 24/385 = 8.831%
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 -$26 * 2 = -$52
Trading Signal
EP 1278.2
SL 1275.8
TP 1280.0
Description
FOMC Member Powell Speaks will be reported figure at 20.05. Setup a trading position when the time is 20.00. Note the current High and Low of the current candle stick.
High = 1278.2
Low = 1275.8
Place stop buy at 1278.2 and stop sell at 1275.8. 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 =1.8 tick = -$18
Commission fee = -$8 (per 2 times position)
EP to TP = 2.4 tick = +$24
Risk/Reward Ratio = 0.923
%ROI = 24/385 = 8.831%
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 -$26 * 2 = -$52
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.