E-mini Light Crude oil Futures (News Impact)

***Recorded for a missing opportunity***

E-mini light crude oil futures (News Impact)
Jan,5 2017

Trading Signal
EP 53.750
TP 53.350
SL 54.000

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 = 54.000
Low = 53.750

Place stop buy at 54.000 and stop sell at 53.750. When the time has come (23:00), 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 = 0.25 tick = -$125
Commission fee = -$16 (per 2 times position)
EP to TP = 0.4 tick = +$200
Risk/Reward Ratio = 1.6
%ROI = 200/1073 = 18.64%

Example
I have $1,100 in port
Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract
I will gain $200 * 1 = $200
I will lose -$16 * 1 = -$16
Beyond Technical Analysis

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