Trading Signal EP 1234.4 SL 1233.0 Description FOMC Meeting Minutes will be reported figure at 01.30. Setup a trading position when the time is 01.58. Note the current High and Low of the current candle stick.
High = 1234.4 Low = 1233.0 Place stop buy at 1234.4 and stop sell at 1233.00 When the time has come , it will hit one of the other position (In this case it hits short position). Wait until 5 minute has passed, then close the position manually at market price.
Money Management ***Exemption*** For news impact trading, put all the money you got in the port and open maximum allowable contract size 1 contract size requires $385 ( 1 tick = 10$) EP to SL =1.4 tick = -$14 Commission fee = -$8 (per 2 times position) EP to TP = 5.5 tick = +$55 Risk/Reward Ratio = 2.5 %ROI = 55/385 = 14.285%
Example I have $800 in port Maximum allowable contract size = 800/385 =2.078 = 2 contract I will gain $55 * 2 = $110 I will lose -$22 * 2 = -$44