Crude Oil Future MAY18 (NYMEX)
Trading Signal
Short Position (EP) : 66.55
Stop Loss (SL) : 66.90
Take Profit (TP) : 65.73, 64.82
Description
CL1! formed Double Repo Sell at 1h time frame. Trade setup with Sell limit at 0.382 level (66.55) and place stop loss after 0.618 level (66.90). Once the position was hit, place take profit before an agreement zone (65.73) and 64.82
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.35 = -$350/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.82 = +$820 (STD)
EP to TP#2 = $1.73 = +$1,730 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$700
Gain#1 = +$820
Gain#2 = +$1,730
Total Gain = +$2,550
Risk/Reward Ratio = 3.59
Short Position (EP) : 66.55
Stop Loss (SL) : 66.90
Take Profit (TP) : 65.73, 64.82
Description
CL1! formed Double Repo Sell at 1h time frame. Trade setup with Sell limit at 0.382 level (66.55) and place stop loss after 0.618 level (66.90). Once the position was hit, place take profit before an agreement zone (65.73) and 64.82
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.35 = -$350/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.82 = +$820 (STD)
EP to TP#2 = $1.73 = +$1,730 (STD)
Expected Result
Commission Fee = -$9.48
Loss = -$700
Gain#1 = +$820
Gain#2 = +$1,730
Total Gain = +$2,550
Risk/Reward Ratio = 3.59