Crude Oil Future MAY18 (NYMEX)
Trading Signal
#First-entry
Long Position (EP) : 66.51
Stop Loss (SL) : 66.37
Take Profit (TP) : 66.81, 67.11
#Re-entry
Long Position (EP) : 66.51
Stop Loss (SL) : 66.37
Take Profit (TP) : 67.11
Description
CL1! formed Double Repo Buy at 30m time frame. Trade setup with Buy limit at 0.382 level (66.51) and place stop loss after 0.618 level (66.37). Once the position was hit, place take profit before an agreement zone (66.81) and 67.11 If stop loss reached, re-entry long position with 66.37 as entry point and 66.37, 67.11 as new stop loss and new take profit respectively.
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
#First-entry
EP to SL = $0.14 = -$140/contract (STD)
Contract size to open = 3 standard contracts
EP to TP#1 = $0.30 = +$300 (STD)
EP to TP#2 = $0.60 = +$600 (STD)
#Re-entry
EP to SL = $0.23 = -$230/contract (STD)
Contract size to open = 2 standard contracts
EP to TP = $0.74 = +$740 (STD)
Expected Result
#First-entry
Commission Fee = -$14.22
Loss = -$420
Gain#1 = +$600
Gain#2 = +$600
Total Gain = +$1,200
Risk/Reward Ratio = 2.76
#Re-entry
Commission Fee = -$9.48
Loss = -$460
Gain = +$1,480
Risk/Reward Ratio = 3.15
#First-entry
Long Position (EP) : 66.51
Stop Loss (SL) : 66.37
Take Profit (TP) : 66.81, 67.11
#Re-entry
Long Position (EP) : 66.51
Stop Loss (SL) : 66.37
Take Profit (TP) : 67.11
Description
CL1! formed Double Repo Buy at 30m time frame. Trade setup with Buy limit at 0.382 level (66.51) and place stop loss after 0.618 level (66.37). Once the position was hit, place take profit before an agreement zone (66.81) and 67.11 If stop loss reached, re-entry long position with 66.37 as entry point and 66.37, 67.11 as new stop loss and new take profit respectively.
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
#First-entry
EP to SL = $0.14 = -$140/contract (STD)
Contract size to open = 3 standard contracts
EP to TP#1 = $0.30 = +$300 (STD)
EP to TP#2 = $0.60 = +$600 (STD)
#Re-entry
EP to SL = $0.23 = -$230/contract (STD)
Contract size to open = 2 standard contracts
EP to TP = $0.74 = +$740 (STD)
Expected Result
#First-entry
Commission Fee = -$14.22
Loss = -$420
Gain#1 = +$600
Gain#2 = +$600
Total Gain = +$1,200
Risk/Reward Ratio = 2.76
#Re-entry
Commission Fee = -$9.48
Loss = -$460
Gain = +$1,480
Risk/Reward Ratio = 3.15