Description Crude Oil Inventories will be reported figure at 23:00. Setup a trading position when the time is 22:59. Note the current High and Low of the current candle stick.
High = 54.000 Low = 53.750
Place stop buy at 54.000 and stop sell at 53.750. When the time has come (23:00), 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 = 0.25 tick = -$125 Commission fee = -$16 (per 2 times position) EP to TP = 0.4 tick = +$200 Risk/Reward Ratio = 1.6 %ROI = 200/1073 = 18.64%
Example I have $1,100 in port Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract I will gain $200 * 1 = $200 I will lose -$16 * 1 = -$16
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