EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17140
Stop Loss (SL) : 1.17060
Take Profit (TP) : 1.17330, 1.17570
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Stop at 0.382 level (1.17140) and place stop loss at 0.618 level (1.17060). Once the position was hit, place take profit before an agreement (1.17330) and 1.17570
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00080 = -$100.00/contract
Contract size to open = 8 contracts
EP to TP#1 = 0.00190 = +$237.50
EP to TP#2 = 0.00430 = +$537.50
Expected Result
Commission fee = -$39.52
Loss = -$800.00
Gain#1 = +$950.00
Gain#2 = +$2,150.00
Total Gain = +$3,100.00
Risk/Reward Ratio = 3.69