Crude Oil Future APR18 (NYMEX)
Trading Signal
Short Position (EP) : 61.70
Stop Loss (SL) : 62.67
Take Profit (TP) : 60.50, 56.80
Description
CL1! formed Double Repo Sell at day time frame. Trade setup with sell limit at 0.618 level of FR (61.70) and place stop loss after 0.382 level of FR (62.67). Once the position was hit, place first take profit before a confluence zone (60.50) and second profit before an agreement (56.80)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.01 = +-$10 (Standard)
$0.025 = +-$12.50 (Mini)
Commission fee = -$24/contract (Standard), -$16/contract (Mini)
EP to SL = $0.97 = -$970/contract (STD), -$485/contract (Mini)
Contract size to open = 0 standard contracts and 2 mini contract
EP to TP#1 = $1.20 = +$1200 (STD), +$600 (Mini)
EP to TP#2 = $4.9 = +$4900 (STD), +$2,450 (Mini)
Expected Result
Commission Fee = -$32
Loss = -$970
Gain#1 = +$600
Gain#2 = +$2,450
Total Gain = +$3,050
Risk/Reward Ratio = 3.14
Short Position (EP) : 61.70
Stop Loss (SL) : 62.67
Take Profit (TP) : 60.50, 56.80
Description
CL1! formed Double Repo Sell at day time frame. Trade setup with sell limit at 0.618 level of FR (61.70) and place stop loss after 0.382 level of FR (62.67). Once the position was hit, place first take profit before a confluence zone (60.50) and second profit before an agreement (56.80)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
$0.01 = +-$10 (Standard)
$0.025 = +-$12.50 (Mini)
Commission fee = -$24/contract (Standard), -$16/contract (Mini)
EP to SL = $0.97 = -$970/contract (STD), -$485/contract (Mini)
Contract size to open = 0 standard contracts and 2 mini contract
EP to TP#1 = $1.20 = +$1200 (STD), +$600 (Mini)
EP to TP#2 = $4.9 = +$4900 (STD), +$2,450 (Mini)
Expected Result
Commission Fee = -$32
Loss = -$970
Gain#1 = +$600
Gain#2 = +$2,450
Total Gain = +$3,050
Risk/Reward Ratio = 3.14