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Ratio Spread
Long 1x Copper Mini & Short 2x Silver Micra
Big Picture
• Silver Micra has below average volatility
thereby making the condition of the market a
“quiet downtrend”
• Copper Mini has below average volatility
thereby making the condition of the market a
“quiet sideways”
Intraday Fundamentals
• Ukrainian forces and pro-Russian separatists in the eastern reaches
of the country continued to clash on Monday, resulting in the death
of one Ukrainian soldier.
• Ukraine will hold elections on May 25, and concerns persist that
Russia will meddle in the voting and escalate the crisis.
• Tensions in Libya flared after gunmen stormed parliament on
Sunday in some of the worst violence the country has seen since
the 2011 war that ousted Muammar Qaddafi.
• Data from the CFTC showed that net silver longs totaled 1,696
contracts as of last week, up 41.7% from net longs of 988 contracts
in the preceding week.
• According to the CFTC, net copper longs totaled 13,174 contracts as
of last week, compared to net longs of just 698 in the preceding
week
Trade Management
• I bid for copper mini at 413.6 and made an
offer for silver micra at average
41032, thereby completing both the legs of
the inter market spread
• I hit the bids to exit copper at 413.5 and bid
silver micra at average 40894
Intuition
• NO
Review
• I did a good job waiting patiently for the trade
• I exited the trade early to make early cash
flow to close the day positive as I had some
other pending commitments which I needed
to attend to.
• It was imperative to close net positive today
as I am on bit of cold streak and streaks end
by closing positive.
• I CAN IMPROVE EVERYDAY

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Inter Market Spread Trade

  • 1. Ratio Spread Long 1x Copper Mini & Short 2x Silver Micra
  • 3. • Silver Micra has below average volatility thereby making the condition of the market a “quiet downtrend” • Copper Mini has below average volatility thereby making the condition of the market a “quiet sideways”
  • 4. Intraday Fundamentals • Ukrainian forces and pro-Russian separatists in the eastern reaches of the country continued to clash on Monday, resulting in the death of one Ukrainian soldier. • Ukraine will hold elections on May 25, and concerns persist that Russia will meddle in the voting and escalate the crisis. • Tensions in Libya flared after gunmen stormed parliament on Sunday in some of the worst violence the country has seen since the 2011 war that ousted Muammar Qaddafi. • Data from the CFTC showed that net silver longs totaled 1,696 contracts as of last week, up 41.7% from net longs of 988 contracts in the preceding week. • According to the CFTC, net copper longs totaled 13,174 contracts as of last week, compared to net longs of just 698 in the preceding week
  • 6. • I bid for copper mini at 413.6 and made an offer for silver micra at average 41032, thereby completing both the legs of the inter market spread • I hit the bids to exit copper at 413.5 and bid silver micra at average 40894
  • 8. Review • I did a good job waiting patiently for the trade • I exited the trade early to make early cash flow to close the day positive as I had some other pending commitments which I needed to attend to. • It was imperative to close net positive today as I am on bit of cold streak and streaks end by closing positive. • I CAN IMPROVE EVERYDAY