Clude Oil Future (News Impact)

NYMEX:CL1!   Light Crude Oil Futures
***Recorded for a missing opportunity***

Crude Oil Inventories ( COI ) impact

Trading Signal
EP 58.79
TP 59.16
SL 58.32

COI will be reported figure at 22:30. Setup a trading position when the time is 22:29. Note the current High and Low of the current candle stick.

High = 58.79
Low = 58.32

Place stop buy at 58.79 and stop sell at 58.32. When the time has come (22:30), 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
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 = 0.47 tick = -$470
Commission fee = -$30 (per 2 times position)
EP to TP = 0.37 tick = +$370
Risk/Reward Ratio = 0.79
%ROI = 370/3850 = 9.61%

I have $50,000 in port
Maximum allowable contract size = 50,000/3,850 = 12.98 = 12 contracts
I will gain $370 * 12 = $4,440
I will lose -$500 * 12 = -$6,000
High Supreme Merchant
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