Silver Short

1. Momentum Day Trade
Short Silver
6th August 2015

2. Longer Term Technical Analysis

3. • 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

4. Short Term Technical Analysis

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

6. Intra Day Technical Analysis

7. Trade Management
• I offered one contract at 33465
• I bid myself out at 33448

8. Intuition
• No

9. 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