Trading Signal Long Position (EP) : 60 Stop Loss (SL) : 59 Take Profit (TP) : 63
Description CL1! future is about to form Double Repo Buy at 4h time frame. Buy stop position at 0.618 level of FR (60) When the position has entered, place take profit before an agreement (63) and place stop loss at 59 When the price go up above 61, shift stop loss to Break Even (BE) position (60). Until the price reach TP (63)
Position Sizing 1 Tick value = +-$1000 EP to SL = 1 Tick value = -$1,000/contract Contract size to open = 1 contracts EP to TP = 3 tick value = +$3,000
Expected Result Loss = -$1,000 Gain = +$3,000 Risk/Reward Ratio = 3