***Recorded for a missing opportunity***
Trading Signal
EP 1204.1
SL 1200.4
Description
FOMC Meeting Minutes will be reported figure at 00.30. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1204.1
Low = 1200.4
Place stop buy at 1204.1 and stop sell at 1200.4. 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 =3.7 tick = -$37
Commission fee = -$8 (per 2 times position)
EP to TP = 5.7 tick = +$57
Risk/Reward Ratio = 1.187
%ROI = 57/385 = 14.805%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $57 * 2 = $114
I will lose -$45 * 2 = -$90
Trading Signal
EP 1204.1
SL 1200.4
Description
FOMC Meeting Minutes will be reported figure at 00.30. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1204.1
Low = 1200.4
Place stop buy at 1204.1 and stop sell at 1200.4. 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 =3.7 tick = -$37
Commission fee = -$8 (per 2 times position)
EP to TP = 5.7 tick = +$57
Risk/Reward Ratio = 1.187
%ROI = 57/385 = 14.805%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $57 * 2 = $114
I will lose -$45 * 2 = -$90