EUR/USD Future (CME)Trading Signal
Short Position (EP) : 1.2342
Stop Loss (SL) : 1.23455
Take Profit (TP) : 1.23365, 1.23285
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1.2342) and place stop loss after 0.382 level of FR (1.23455). Once the position was hit, place take profit half contract size before a first agreement (1.23365) and the other half before second agreement (1.23285)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00035 = -$42.75/contract
Contract size to open = 14 contracts
EP to TP#1 = 0.00055 = +$68.75
EP to TP#2 = 0.00775 = +$168.75
Expected Result
Commission fee = -$336
Loss = -$598.5
Gain#1 = +$481.25
Gain#2 = +$1,181.25
Total Gain = +$1,662.5
Risk/Reward Ratio = 2.77