***Recorded for a missing opportunity***
E-mini light crude oil futures (News Impact)
Jan,19 2017
Trading Signal
EP 51.300
TP 51.450
SL 51.625
Description
Crude Oil Inventories will be reported figure at 23:00. Setup a trading position when the time is 22:59. Note the current High and Low of the current candle stick.
High = 51.625
Low = 51.300
Place stop buy at 51.625 and stop sell at 51.300. When the time has come (23:30), 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 $1,073
EP to SL = 0.325 tick = -$162.5
Commission fee = -$16 (per 2 times position)
EP to TP = -0.15 tick = -$75
Risk/Reward Ratio = 0.46
%ROI = 175/1073 = -6.99%
Example
I have $1,100 in port
Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract
I will gain $175 * 1 = $175
I will lose -$16 * 1 = -$16
E-mini light crude oil futures (News Impact)
Jan,19 2017
Trading Signal
EP 51.300
TP 51.450
SL 51.625
Description
Crude Oil Inventories will be reported figure at 23:00. Setup a trading position when the time is 22:59. Note the current High and Low of the current candle stick.
High = 51.625
Low = 51.300
Place stop buy at 51.625 and stop sell at 51.300. When the time has come (23:30), 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 $1,073
EP to SL = 0.325 tick = -$162.5
Commission fee = -$16 (per 2 times position)
EP to TP = -0.15 tick = -$75
Risk/Reward Ratio = 0.46
%ROI = 175/1073 = -6.99%
Example
I have $1,100 in port
Maximum allowable contract size = 1,100/1,073 = 1.025 = 1 contract
I will gain $175 * 1 = $175
I will lose -$16 * 1 = -$16
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.