EURO Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.23375
Stop Loss (SL) : 1.23440
Take Profit (TP) : 1.23230, 1.23060
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.382 level of FR (1.23375) and place stop loss at 0.618 level of FR (1.23440). Once the position was hit, place take profit before an agreement (1.23230) and 1.23060
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00065 = -$81.25/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00145 = +$181.25
EP to TP#2 = 0.00315 = +$393.75
Expected Result
Commission fee = -$19.76
Loss = -$325
Gain#1 = +$362.5
Gain#2 = +$787.5
Total Gain = +$1,150
Risk/Reward Ratio = 3.34