Crude Oil Future AUG 2018 (1d)
Trading Signal
Short Position (EP) : 73.34
Stop Loss (SL) : 74.07
Take Profit (TP) : 71.32, 69.08
Description
CL formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (73.34) and place stop after 0.618 level (74.07). Once the position was hit, place take profit before an agreement (71.32) and 69.08
Money Management
Money in portfolio : $133,000
Risk Management (1%) : $1,330
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.7 = -$730/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $2.02 = +$2,020 (STD)
EP to TP#2 = $4.26 = +$4,260 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$1460
Gain#1 = +$2,020
Gain#2 = +$4,260
Total Gain = +$6,280
Risk/Reward Ratio = 4.27
Short Position (EP) : 73.34
Stop Loss (SL) : 74.07
Take Profit (TP) : 71.32, 69.08
Description
CL formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (73.34) and place stop after 0.618 level (74.07). Once the position was hit, place take profit before an agreement (71.32) and 69.08
Money Management
Money in portfolio : $133,000
Risk Management (1%) : $1,330
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.7 = -$730/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $2.02 = +$2,020 (STD)
EP to TP#2 = $4.26 = +$4,260 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$1460
Gain#1 = +$2,020
Gain#2 = +$4,260
Total Gain = +$6,280
Risk/Reward Ratio = 4.27