Trading Signal
Short Position (EP) : 1358
Stop Loss (SL) : 1361
Take Profit (TP) : 1348
Description
GC1! future formed Double Repo Sell at 4h time frame. Sell Stop position at 1358.0 When the position has entered, place take profit before 0.618 level of Fibonacci Retracement (1348) and place stop loss at 1361.0
Money Management
Money in portfolio : $48,000
Risk Management (2%) : $960
Position Sizing
1 Tick value = +-$100
EP to SL = 3 Tick value = -$330/contract
Contract size to open = 3 contracts
EP to TP = 10 tick value = +$3,000
Expected Result
Loss = -$990
Gain = +$3,000
Risk/Reward Ratio = 3.03
Short Position (EP) : 1358
Stop Loss (SL) : 1361
Take Profit (TP) : 1348
Description
GC1! future formed Double Repo Sell at 4h time frame. Sell Stop position at 1358.0 When the position has entered, place take profit before 0.618 level of Fibonacci Retracement (1348) and place stop loss at 1361.0
Money Management
Money in portfolio : $48,000
Risk Management (2%) : $960
Position Sizing
1 Tick value = +-$100
EP to SL = 3 Tick value = -$330/contract
Contract size to open = 3 contracts
EP to TP = 10 tick value = +$3,000
Expected Result
Loss = -$990
Gain = +$3,000
Risk/Reward Ratio = 3.03