***Recorded for a missing opportunity***
Trading Signal
EP 1282.3
SL 1282.3
TP 1283.2
Description
FOMC Meeting Minutes will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1282.3
Low = 1281.4
Place stop buy at 1282.3 and stop sell at 1281.4. 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 = 0.9 tick = -$9
Commission fee = -$8 (per 2 times position)
EP to TP = 0.9 tick = +$9
Risk/Reward Ratio = 0.5
%ROI = 9/385 = 2.337%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $9 * 2 = $18
I will lose -$18 * 2 = -$36
Trading Signal
EP 1282.3
SL 1282.3
TP 1283.2
Description
FOMC Meeting Minutes will be reported figure at 01.00. Setup a trading position when the time is 00.58. Note the current High and Low of the current candle stick.
High = 1282.3
Low = 1281.4
Place stop buy at 1282.3 and stop sell at 1281.4. 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 = 0.9 tick = -$9
Commission fee = -$8 (per 2 times position)
EP to TP = 0.9 tick = +$9
Risk/Reward Ratio = 0.5
%ROI = 9/385 = 2.337%
Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $9 * 2 = $18
I will lose -$18 * 2 = -$36