3. • Price is below 200 day moving average
• Price is below 20 day moving average
• Silver is witnessing volatility contraction with
5day ATR < 20day ATR
5. Intra Day Fundamentals
• Silver has been under heavy selling pressure in
recent weeks amid speculation the Federal
Reserve will raise interest rates for the first
time in nine years in the coming months.
• Sentiment was boosted after China's stock
market rallied 3.7% on news that authorities
have stepped up their crackdown on short-
selling
7. Trade Management
• I offered one contract at 33400
• I bid at 33457
• I offered one contract at 33518
• I bid at 33500
• I offered one contract at 33452
• I bid at 33470
9. Review
• Today I had a hit rate of 33% in Silver
• On my second trade I would have offered the contract
few ticks higher and it would have resulted in greater
profitability
• Only thing which I did great today during the trading
day was honoring my risk limit per trades , in fact I
saved majority% i.e.76% of daily risk limit
• News flow coming out today boosted the sentiments of
markets and perhaps that is why I underperformed
today
• Overall I followed my process to the letter and I didn’t
get emotional and I am satisfied in that context.
