EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17005
Stop Loss (SL) : 1.16915
Take Profit (TP) : 1.17125, 1.17270
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Limit at 0.382 level (1.17005) and place stop loss at 0.618 level (1.16915). Once the position was hit, place take profit before an agreement (1.17125) and 1.17270
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00090 = -$112.5/contract
Contract size to open = 7 contracts
EP to TP#1 = 0.00120 = +$150.00
EP to TP#2 = 0.00265 = +$331.25
Expected Result
Commission fee = -$34.58
Loss = -$787.50
Gain#1 = +$600
Gain#2 = +$993.75
Total Gain = +$1,593.75
Risk/Reward Ratio = 1.94