PALLADIUM FUTURES (MAR 2019)Trading Signal
Short Position (EP) : 1210.2
Stop Loss (SL) : 1249.1
Take Profit (TP) : 1132.4
Description
PAH2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (1210.2) and place stop after 0.618 level (1249.1). Once the position was hit, place take profit before an agreement (1132.4)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.1 = +-$10/std-contract
Commission fee = -$4.74/std-contract
EP to SL = $38.9 = -$3,890
Contract size to open = 1 standard contracts
EP to TP = $77.8 = +$7,780
Expected Result
Commission Fee = -$4.74
Loss = -$3,890
Gain = +$7,780
Risk/Reward Ratio = 2