S&P 400 MIDCAP E-MINI FUTURES (MAR 2019), 1D, CME_MINI
Trading Signal
Long Position (EP) : 1636.9
Stop Loss (SL) : 1602.9
Take Profit (TP) : 1734.9, 1778.1
Description
EWH2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1636.9) and place stop after 0.618 level (1602.9). Once the position was hit, place take profit before an agreement (1734.9) and 1778.1
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.1 = +-$10/mini-contract
Commission fee = -$4.1/mini-contract
EP to SL = $34 = -$3,400
Contract size to open = 2 standard contracts
EP to TP#1 = $98 = +$9,800
EP to TP#2 = $141.2 = +$14,120
Expected Result
Commission Fee = -$8.2
Loss = -$6,800
Gain#1 = +$9,800
Gain#2 = +$14,120
Total Gain = +$23,920
Risk/Reward Ratio = 3.51
Long Position (EP) : 1636.9
Stop Loss (SL) : 1602.9
Take Profit (TP) : 1734.9, 1778.1
Description
EWH2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1636.9) and place stop after 0.618 level (1602.9). Once the position was hit, place take profit before an agreement (1734.9) and 1778.1
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.1 = +-$10/mini-contract
Commission fee = -$4.1/mini-contract
EP to SL = $34 = -$3,400
Contract size to open = 2 standard contracts
EP to TP#1 = $98 = +$9,800
EP to TP#2 = $141.2 = +$14,120
Expected Result
Commission Fee = -$8.2
Loss = -$6,800
Gain#1 = +$9,800
Gain#2 = +$14,120
Total Gain = +$23,920
Risk/Reward Ratio = 3.51
Order cancelled:
Reached TP#2 without matching