***Recorded for a missing opportunity***
Consumer Price Index (CPI) impact
Trading Signal
EP 1332.9
TP 1323.5
SL 1334.3
Description
CPI will be reported figure at 20:30. Setup a trading position when the time is 20:29. Note the current High and Low of the current candle stick.
High = 1334.3
Low = 1332.9
Place stop buy at 1334.3 and stop sell at 1332.9. When the time has come (20:30), 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 $3,850
EP to SL = 1.4 tick = -$140
Commission fee = -$30 (per 2 times position)
EP to TP = 9.4 tick = +$940
Risk/Reward Ratio = 5.529
%ROI = 940/3850 = 24.41%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $940 * 12 = $11,280
I will lose -$170 * 12 = -$2,040
Consumer Price Index (CPI) impact
Trading Signal
EP 1332.9
TP 1323.5
SL 1334.3
Description
CPI will be reported figure at 20:30. Setup a trading position when the time is 20:29. Note the current High and Low of the current candle stick.
High = 1334.3
Low = 1332.9
Place stop buy at 1334.3 and stop sell at 1332.9. When the time has come (20:30), 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 $3,850
EP to SL = 1.4 tick = -$140
Commission fee = -$30 (per 2 times position)
EP to TP = 9.4 tick = +$940
Risk/Reward Ratio = 5.529
%ROI = 940/3850 = 24.41%
Example
I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $940 * 12 = $11,280
I will lose -$170 * 12 = -$2,040