Going Short in Natural Gas
Hello Traders
Natural Gas - Currencycom.
Trade Plan.
Short / Sell Trade.
Entry Level below the 38.2% FIB Level / 4 Hour Support level @ 7.10
Take Profit - 1 : Above the FIB level 23.6% / Daily support level @ 6.470
Take Profit - 2 : Above the 4 Hour support level @ 5.770
Take Profit - 3 : Above the FIB level 00.0% / Daily support level @ 5.430
Stop Loss @ Above Daily Support Level / FIB 50.0 % Level / Daily support level @ 7.710
Trail Stop loss on support level as trade progresses.
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 850 units @ 5% Risk
TP -1 = Total PIPS in gain = 630 Profit 8.85 %
TP = Total PIPS in gain = 1330 Profit 19.06 %
TP = Total PIPS in gain = 1670 Profit 23.95 %
Total PIPS in Stop loss = 610 Loss 8.59%
Regards
Natural Gas - Currencycom.
Trade Plan.
Short / Sell Trade.
Entry Level below the 38.2% FIB Level / 4 Hour Support level @ 7.10
Take Profit - 1 : Above the FIB level 23.6% / Daily support level @ 6.470
Take Profit - 2 : Above the 4 Hour support level @ 5.770
Take Profit - 3 : Above the FIB level 00.0% / Daily support level @ 5.430
Stop Loss @ Above Daily Support Level / FIB 50.0 % Level / Daily support level @ 7.710
Trail Stop loss on support level as trade progresses.
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 850 units @ 5% Risk
TP -1 = Total PIPS in gain = 630 Profit 8.85 %
TP = Total PIPS in gain = 1330 Profit 19.06 %
TP = Total PIPS in gain = 1670 Profit 23.95 %
Total PIPS in Stop loss = 610 Loss 8.59%
Regards
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