Long
EUR/USD (CME)
Trading Signal
Long Position (EP) : 1.22074
Stop Loss (SL) : 1.21916
Take Profit (TP) : 1.22394, 1.22832
Description
MF1! week time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (1.22074) and place stop loss after 0.382 level of FR (1.21916). Once the position was hit, place take profit half contract size before an agreement#1 (1.22394) and the other half before an agreement#2 (1.22832)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.0001 = +-US$1.25
Commission fee = -$12/contract
EP to SL = 0.00158 = -$19.75/contract
Contract size to open = 31 contracts
EP to TP#1 = 0.0032 = +$40
EP to TP#2 = 0.00758 = +$94.75
Expected Result
Commission fee = -$372
Loss = -$612.25
Gain#1 = +$640
Gain#2 = +$1,421.25
Total Gain = +$2061.25
Risk/Reward Ratio = 3.36
Long Position (EP) : 1.22074
Stop Loss (SL) : 1.21916
Take Profit (TP) : 1.22394, 1.22832
Description
MF1! week time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (1.22074) and place stop loss after 0.382 level of FR (1.21916). Once the position was hit, place take profit half contract size before an agreement#1 (1.22394) and the other half before an agreement#2 (1.22832)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.0001 = +-US$1.25
Commission fee = -$12/contract
EP to SL = 0.00158 = -$19.75/contract
Contract size to open = 31 contracts
EP to TP#1 = 0.0032 = +$40
EP to TP#2 = 0.00758 = +$94.75
Expected Result
Commission fee = -$372
Loss = -$612.25
Gain#1 = +$640
Gain#2 = +$1,421.25
Total Gain = +$2061.25
Risk/Reward Ratio = 3.36
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.