Description Crude Oil Inventories will be reported figure at 22:30. Setup a trading position when the time is 22:29. Note the current High and Low of the current candle stick.
High = 51.550 Low = 51.275
Place stop buy at 51.550 and stop sell at 51.275. When the time has come (22:30), 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 $1,073 EP to SL = 0.275 tick = -$137.5 Commission fee = -$16 (per 2 times position) EP to TP = 0.35 tick = +$175 Risk/Reward Ratio = 1.27 %ROI = 175/1073 = 16.31%
Example I have $1,100 in port Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract I will gain $175 * 1 = $175 I will lose -$16 * 1 = -$16
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