NATURAL GAS FUTURES, 1D, NYMEX
Trading Signal
Short Position (EP) : 2.948
Stop Loss (SL) : 2.965
Take Profit (TP) : 2.9, 2.873
Description
NG formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.948) and place stop after 0.618 level (2.965). Once the position was hit, place take profit before an agreement (2.9) and 2.873
Money Management
Money in portfolio : $48000
Risk Management (1%) : $480
Position Sizing
$0.001 = +-$10 (Standard)
Commission fee = -2.37/contract (Standard)
EP to SL = $0.02 = -170/contract (STD)
Contract size to open = 9 standard contracts
EP to TP#1 = $0.05 = +$480 (STD)
EP to TP#2 = $0.07 = +$750 (STD)
Expected Result
Commission Fee = -$13.65
Loss = -$489.6
Gain#1 = +$768
Gain#2 = +$960
Total Gain = +$1728
Risk/Reward Ratio = 3.43
Short Position (EP) : 2.948
Stop Loss (SL) : 2.965
Take Profit (TP) : 2.9, 2.873
Description
NG formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (2.948) and place stop after 0.618 level (2.965). Once the position was hit, place take profit before an agreement (2.9) and 2.873
Money Management
Money in portfolio : $48000
Risk Management (1%) : $480
Position Sizing
$0.001 = +-$10 (Standard)
Commission fee = -2.37/contract (Standard)
EP to SL = $0.02 = -170/contract (STD)
Contract size to open = 9 standard contracts
EP to TP#1 = $0.05 = +$480 (STD)
EP to TP#2 = $0.07 = +$750 (STD)
Expected Result
Commission Fee = -$13.65
Loss = -$489.6
Gain#1 = +$768
Gain#2 = +$960
Total Gain = +$1728
Risk/Reward Ratio = 3.43
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