Trading Signal
Long Position (EP) : 2633.75
Stop Loss (SL) : 2627.25
Take Profit (TP) : 2648.50, 2665.75
Description
ES1! has reached day support line and formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (2633.75) and place stop loss at 0.382 level of FR (2627.25). Once the position was hit, place take profit before an agreement zone (2648.50) and 2665.75 respectively.
Money Management
Money in portfolio : $58,000
Risk Management (1%) : $580
Position Sizing
$0.25 = +-$12.50 (Mini)
Commission fee = -$4.10/contract (Mini)
EP to SL = $6.50 = -$325/contract (Mini)
Contract size to open = 3 mini contract
EP to TP#1 = $14.75 = +$737.5 (Mini)
EP to TP#2 = $32.00 = +$1,600 (Mini)
Expected Result
Commission Fee = -$8.2
Loss = -$650
Gain#1 = +$737.5
Gain#2 = +$1,600
Total Gain = +$2,337.5
Risk/Reward Ratio = 3.55
Long Position (EP) : 2633.75
Stop Loss (SL) : 2627.25
Take Profit (TP) : 2648.50, 2665.75
Description
ES1! has reached day support line and formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (2633.75) and place stop loss at 0.382 level of FR (2627.25). Once the position was hit, place take profit before an agreement zone (2648.50) and 2665.75 respectively.
Money Management
Money in portfolio : $58,000
Risk Management (1%) : $580
Position Sizing
$0.25 = +-$12.50 (Mini)
Commission fee = -$4.10/contract (Mini)
EP to SL = $6.50 = -$325/contract (Mini)
Contract size to open = 3 mini contract
EP to TP#1 = $14.75 = +$737.5 (Mini)
EP to TP#2 = $32.00 = +$1,600 (Mini)
Expected Result
Commission Fee = -$8.2
Loss = -$650
Gain#1 = +$737.5
Gain#2 = +$1,600
Total Gain = +$2,337.5
Risk/Reward Ratio = 3.55