Trading Signal #First-entry Long Position (EP) : 66.51 Stop Loss (SL) : 66.37 Take Profit (TP) : 66.81, 67.11 #Re-entry Long Position (EP) : 66.51 Stop Loss (SL) : 66.37 Take Profit (TP) : 67.11
Description CL1! formed Double Repo Buy at 30m time frame. Trade setup with Buy limit at 0.382 level (66.51) and place stop loss after 0.618 level (66.37). Once the position was hit, place take profit before an agreement zone (66.81) and 67.11 If stop loss reached, re-entry long position with 66.37 as entry point and 66.37, 67.11 as new stop loss and new take profit respectively.
Position Sizing $0.01 = +-$10 (Standard) Commission fee = -2.37/contract (Standard) #First-entry EP to SL = $0.14 = -140/contract (STD) Contract size to open = 3 standard contracts EP to TP#1 = $0.30 = +$300 (STD) EP to TP#2 = $0.60 = +$600 (STD) #Re-entry EP to SL = $0.23 = -230/contract (STD) Contract size to open = 2 standard contracts EP to TP = $0.74 = +$740 (STD)
Expected Result #First-entry Commission Fee = -$14.22 Loss = -$420 Gain#1 = +$600 Gain#2 = +$600 Total Gain = +$1,200 Risk/Reward Ratio = 2.76 #Re-entry Commission Fee = -$9.48 Loss = -$460 Gain = +$1,480 Risk/Reward Ratio = 3.15