24th november 2014 short silver futures
Post on 07-Jul-2015
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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
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