Trading Signal Short Position (EP) : 61.70 Stop Loss (SL) : 62.67 Take Profit (TP) : 60.50, 56.80
Description CL1! formed Double Repo Sell at day time frame. Trade setup with sell limit at 0.618 level of FR (61.70) and place stop loss after 0.382 level of FR (62.67). Once the position was hit, place first take profit before a confluence zone (60.50) and second profit before an agreement (56.80)
Position Sizing $0.01 = +-$10 (Standard) $0.025 = +-$12.50 (Mini) Commission fee = -24/contract (Standard), -16/contract (Mini) EP to SL = $0.97 = -970/contract (STD), -485/contract (Mini) Contract size to open = 0 standard contracts and 2 mini contract EP to TP#1 = $1.20 = +$1200 (STD), +$600 (Mini) EP to TP#2 = $4.9 = +$4900 (STD), +$2,450 (Mini)
Expected Result Commission Fee = -$32 Loss = -$970 Gain#1 = +$600 Gain#2 = +$2,450 Total Gain = +$3,050 Risk/Reward Ratio = 3.14