E-mini light crude oil futures (News Impact) Jan,19 2017

***Recorded for a missing opportunity***

E-mini light crude oil futures (News Impact)
Jan,19 2017

Trading Signal
EP 51.300
TP 51.450
SL 51.625

Description
Crude Oil Inventories will be reported figure at 23:00. Setup a trading position when the time is 22:59. Note the current High and Low of the current candle stick.

High = 51.625
Low = 51.300

Place stop buy at 51.625 and stop sell at 51.300. When the time has come (23:30), 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 $1,073
EP to SL = 0.325 tick = -$162.5
Commission fee = -$16 (per 2 times position)
EP to TP = -0.15 tick = -$75
Risk/Reward Ratio = 0.46
%ROI = 175/1073 = -6.99%

Example
I have $1,100 in port
Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract
I will gain $175 * 1 = $175
I will lose -$16 * 1 = -$16