Long
EUR/USD Future APR18
Trading Signal
Long Position (EP) : 1.23725
Stop Loss (SL) : 1.23640
Take Profit (TP) : 1.23950
Description
E61! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with Buy limit at 0.618 level of FR (1.23725) and place stop loss after 0.382 level of FR (1.23640). Once the position was hit, place take profit before a first agreement (1.23950)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = -0.00085 = -$106.25/contract
Contract size to open = 8 contracts
EP to TP = 0.00225 = +$281.25
Expected Result
Commission fee = -$192
Loss = -$850
Gain = +$2,250
Risk/Reward Ratio = 2.65
Long Position (EP) : 1.23725
Stop Loss (SL) : 1.23640
Take Profit (TP) : 1.23950
Description
E61! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with Buy limit at 0.618 level of FR (1.23725) and place stop loss after 0.382 level of FR (1.23640). Once the position was hit, place take profit before a first agreement (1.23950)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = -0.00085 = -$106.25/contract
Contract size to open = 8 contracts
EP to TP = 0.00225 = +$281.25
Expected Result
Commission fee = -$192
Loss = -$850
Gain = +$2,250
Risk/Reward Ratio = 2.65
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.