Gold (E-MICRO) Future (News Impact) on Jul 27, 2017

2018년 3월 4일

***Recorded for a missing opportunity***

Trading Signal
EP 1251.7
SL 1248.7
TP 1255.8
Description
FOMC Statement 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 = 1251.7
Low = 1248.7
Place stop buy at 1251.7 and stop sell at 1248.7. 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 = 3 tick = -$30
Commission fee = -$8 (per 2 times position)
EP to TP = 4.1 tick = +$41
Risk/Reward Ratio = 1.078
%ROI = 41/385 = 10.649%

Example
I have $800 in port
Maximum allowable contract size = 800/385 =2.078 = 2 contract
I will gain $41 * 2 = $82
I will lose -$38 * 2 = -$76