Platinum Futures (Apr 2019)
Short
Updated

PLATINUM FUTURES (APR 2019), 1D, NYMEX

38
Trading Signal
Short Position (EP) : 814.5
Stop Loss (SL) : 828.5
Take Profit (TP) : 786.5

Description
PLJ2019 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (814.5) and place stop after 0.618 level (828.5). Once the position was hit, place take profit before an agreement (786.5)

Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800

Position Sizing
$0.1 = +-55/STD-contract
Commission fee = -22.37/STD-contract
EP to SL = $14 = -$700
Contract size to open = 4 standard contracts
EP to TP = $28 = +$1,400

Expected Result
Commission Fee = -$18.96
Loss = -$2,800
Gain = +$5,600
Risk/Reward Ratio = 1.99
Order cancelled
Pending Over 2 bars

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