Trading Signal
Long Position (EP) : 24048
Stop Loss (SL) : 23681
Take Profit (TP) : 24531, 25080
Description
YW1! month time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (24048) and place stop loss after 0.382 level of FR (23681). Once the position was hit, place take profit half contract size before an agreement#1 (24531) and the other half before an agreement#2 (25080)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 = +-US$5
Commission fee = -$24/contract
EP to SL = 367 = -$1,835/contract
Contract size to open = 2 contracts
EP to TP#1 = 483 = +$2,415
EP to TP#2 = 1032 = +$5,160
Expected Result
Commission fee = -$48
Loss = -$3,670
Gain#1 = +$2,415
Gain#2 = +$5,160
Total Gain = +$7,575
Risk/Reward Ratio = 3.36
Long Position (EP) : 24048
Stop Loss (SL) : 23681
Take Profit (TP) : 24531, 25080
Description
YW1! month time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (24048) and place stop loss after 0.382 level of FR (23681). Once the position was hit, place take profit half contract size before an agreement#1 (24531) and the other half before an agreement#2 (25080)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 = +-US$5
Commission fee = -$24/contract
EP to SL = 367 = -$1,835/contract
Contract size to open = 2 contracts
EP to TP#1 = 483 = +$2,415
EP to TP#2 = 1032 = +$5,160
Expected Result
Commission fee = -$48
Loss = -$3,670
Gain#1 = +$2,415
Gain#2 = +$5,160
Total Gain = +$7,575
Risk/Reward Ratio = 3.36
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.
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.