Intra Day Fade Trade Pattern

Short Silver Micra Futures

Overview

Technical Analysis

Trade Management

Trade Review

• 240 Minutes Trend is positive thereby making approach of buying on dips a high probability trade.

• The trade implemented was counter trend in nature w.r.t to longer term trend • I offered at 36175 “1/2N” position size which is half the size of my normal position

size • I was patient enough in the trade • I was quick to see consolidation near the lows and the failure of price at that point

of time to break them • I recognized doji on 10 mins as well as prices being oversold at that point of time • I did a great job of adjusting my trailing stop losses • My trailing stops were hit at the market at 36120 • I didn’t followed my urge to book pnl at lower levels , I would have surely not given

back so much if I did but also a bad habit would have been reinforced of “cutting winners short” More often than not my urges are wrong so great job in ignoring them

• In terms of trade process I would rate this trade a 10/10