Gold (E-MICRO) Future APR2018 (News Impact) on Oct 12,2017
***Recorded for a missing opportunity***
Trading Signal
EP 1288.8
SL 1286.9
TP 1292.3
Description
FOMC Meeting Minutes will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1288.8
Low = 1286.9
Place stop buy at 1288.8 and stop sell at 1286.9. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 1.9 tick = -$19
Commission fee = -$8 (per 2 times position)
EP to TP = 3.5 tick = +$35
Risk/Reward Ratio = 1.296
%ROI = 35/385 = 9.091%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $35 * 2 = $70
I will lose -$27 * 2 = -$54
Trading Signal
EP 1288.8
SL 1286.9
TP 1292.3
Description
FOMC Meeting Minutes will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1288.8
Low = 1286.9
Place stop buy at 1288.8 and stop sell at 1286.9. When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management
***Exemption***
For news impact trading, put all the money you got in the port and open maximum allowable contract size
1 contract size requires $385 ( 1 tick = 10$)
EP to SL = 1.9 tick = -$19
Commission fee = -$8 (per 2 times position)
EP to TP = 3.5 tick = +$35
Risk/Reward Ratio = 1.296
%ROI = 35/385 = 9.091%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $35 * 2 = $70
I will lose -$27 * 2 = -$54
Disclaimer
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