***Recorded for a missing opportunity***
Consumer Price Index ( CPI 0.00% ) impact
Trading Signal
EP 1222
TP 1227.9
SL 1220
Description
CPI 0.00% will be reported figure at 19:30. Setup a trading position when the time is 19:29. Note the current High and Low of the current candle stick.
High = 1222
Low = 1220
Place stop buy at 1222 and stop sell at 1220. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $3,850
EP to SL = 2 tick = -$200
Commission fee = -$30 (per 2 times position)
EP to TP = 5.9 tick = +$590
Risk/Reward Ratio = 2.56
%ROI = 590/3850 = 15.32%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $590 * 12 = $7080
I will lose -$230 * 12 = -$2760
Consumer Price Index ( CPI 0.00% ) impact
Trading Signal
EP 1222
TP 1227.9
SL 1220
Description
CPI 0.00% will be reported figure at 19:30. Setup a trading position when the time is 19:29. Note the current High and Low of the current candle stick.
High = 1222
Low = 1220
Place stop buy at 1222 and stop sell at 1220. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $3,850
EP to SL = 2 tick = -$200
Commission fee = -$30 (per 2 times position)
EP to TP = 5.9 tick = +$590
Risk/Reward Ratio = 2.56
%ROI = 590/3850 = 15.32%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $590 * 12 = $7080
I will lose -$230 * 12 = -$2760