Crude Oil Future JUL18 (1h)

Trading Signal
Short Position (EP) : 66.84
Stop Loss (SL) : 67.02
Take Profit (TP) : 66.27, 65.64

Description
CLN2018 formed Double Repo Failure Sell at 1h time frame. Trade setup with Sell Stop at 0.382 level (66.84) and place stop loss after 0.618 level (67.02). Once the position was hit, place take profit before an agreement zone (66.27) and 65.64

Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780

Position Sizing
$0.01 = +-$10 (Standard)
Commission fee = -$2.37/contract (Standard)
EP to SL = $0.18 = -$180/contract (STD)
Contract size to open = 4 standard contracts
EP to TP#1 = $0.57 = +$570 (STD)
EP to TP#2 = $1.20 = +$1,200 (STD)

Expected Result
Commission Fee = -$18.96
Loss = -$720
Gain#1 = +$1,140
Gain#2 = +$2,400
Total Gain = +$3,540
Risk/Reward Ratio = 4.79