Momentum Day Trade

Short Silver

6th August 2015

Longer Term Technical Analysis

• Price is below 200 day moving average

• Price is below 20 day moving average

• Crude Oil is witnessing volatility contraction with 5day ATR < 20day ATR

Short Term Technical Analysis

Intra Day Fundamentals

• Drying up of demand from retailers as well as jewellers on hopes of further dip in prices too dampened trading sentiments

Intra Day Technical Analysis

Trade Management

• I offered one contract at 33465

• I bid myself out at 33448

Intuition

• No

Review

• It was one good trade idea• I offered liquidity which hampered the ratios of

the trade inevitably, I should have hit the bid earlier

• Only thing positive about this break even trade after costs is that process to determine analytics worked which gives me confidence in my trade idea generation ability which is certainly better than last year but tremendous learning still required to execute my plan flawlessly

• I held this trade for approximate 90 minutes