EUR/USD Future APR18 (CME)Trading Signal
Short Position (EP) : 1.2376
Stop Loss (SL) : 1.23915
Take Profit (TP) : 1.23465, 1.2279
Description
E61! reached resistance at day time frame, looking for sell opportunity in lower time frame. It formed Double Repo Sell at 4h time frame. Trade setup with sell limit at 0.618 level of FR (1.2376) and place stop loss after 0.382 level of FR (1.23915). Once the position was hit, place take profit half contract size before a first agreement (1.23465) and the other half before second agreement (1.2279)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 5 contracts
EP to TP#1 = 0.00295 = +$368.75
EP to TP#2 = 0.01 = +$1,212.5
Expected Result
Commission fee = -$120
Loss = -$968.75
Gain#1 = +$1,106.25
Gain#2 = +$2,425.00
Total Gain = +$3,531.25
Risk/Reward Ratio = 3.65