Long
AUSTRALIAN DOLLAR FUTURES (MAR 2019), 1D, CME
Trading Signal
Long Position (EP) : 0.7015
Stop Loss (SL) : 0.6942
Take Profit (TP) : 0.7195
Description
A6H2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7015) and place stop after 0.618 level (0.6942). Once the position was hit, place take profit before an agreement (0.7195)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-110/STD-contract
Commission fee = -44.94/STD-contract
EP to SL = $0.01 = -$730
Contract size to open = 4 standard contracts
EP to TP = $0.02 = +$1,800
Expected Result
Commission Fee = -$19.76
Loss = -$2,920
Gain = +$7,200
Risk/Reward Ratio = 2.45
Long Position (EP) : 0.7015
Stop Loss (SL) : 0.6942
Take Profit (TP) : 0.7195
Description
A6H2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7015) and place stop after 0.618 level (0.6942). Once the position was hit, place take profit before an agreement (0.7195)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0001 = +-110/STD-contract
Commission fee = -44.94/STD-contract
EP to SL = $0.01 = -$730
Contract size to open = 4 standard contracts
EP to TP = $0.02 = +$1,800
Expected Result
Commission Fee = -$19.76
Loss = -$2,920
Gain = +$7,200
Risk/Reward Ratio = 2.45
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