23/Oct/2023 $118.50usd profit, started trading 9.00 ended 10.21 est, saw several divergences and wasnt able to catch the up direction after i ended my trading day
At weekend i made a review of the grid tool and decided to add a trend filter and it will be in testing until i feel it can be useful for trading. For now, i will continue with the same decisions as previous week.
After an overnight down and up swings the price compressed and saw an Up momentum divergence so i waited until see what the price action will be, right now above relevant price level.
Support confirmed, price going Up and i took the up grid direction and with momentum developing the up movement.
Price reversed, broke support level, current chart momentum now down and i took a loss of -$72.00usd and reversed to sell grid direction. (Note how a few bars ago we had a HH volume divergence, this was a good sign to stop the buy grid).
Got some amount in favor and paused the exit to collect more profit.
At previous low i enabled the exit for a good $178.00usd profit (and previous loss recovered).
Then saw down momentum divergence, price rejected at previous low now support and i enabled the up grid direction
Paused the exit to collect more profit.
Price broke resistance level as if it wasn't there and i enabled the stop loss level to protect profits.
Price immediately went down hitting my stop loss level with $205usd in profit.
still holding buy grid direction.
Paused the grid and from here i started with doubts about the market price action.
Collected some more profit and still in the up grid direction.
Then price compressed and i paused the grid.
Price resumed the up direction but i saw momentum divergence and almost flat so i did not activated the up grid direction.
then pricemoved down with momentum developing in the down direction so i enabled the down grid direction.
Then price resumed the up direction and i was ready to exit at the best opportunity.
Price went more to the up side, with momentum forming and with slope so i toke a $100.00usd loss and reversed the grid to up direction.
From here i saw the price still going up but momentum making a lower high and decided to stop trading. Mostly because i was in doubt about what the price action was doing this day.
All have a great evening!
AG
At weekend i made a review of the grid tool and decided to add a trend filter and it will be in testing until i feel it can be useful for trading. For now, i will continue with the same decisions as previous week.
After an overnight down and up swings the price compressed and saw an Up momentum divergence so i waited until see what the price action will be, right now above relevant price level.
 |
Support confirmed, price going Up and i took the up grid direction and with momentum developing the up movement.
|
Price reversed, broke support level, current chart momentum now down and i took a loss of -$72.00usd and reversed to sell grid direction. (Note how a few bars ago we had a HH volume divergence, this was a good sign to stop the buy grid).
|
Got some amount in favor and paused the exit to collect more profit.
|
At previous low i enabled the exit for a good $178.00usd profit (and previous loss recovered).
|
Then saw down momentum divergence, price rejected at previous low now support and i enabled the up grid direction
|
Paused the exit to collect more profit.
|
Price broke resistance level as if it wasn't there and i enabled the stop loss level to protect profits.
|
Price immediately went down hitting my stop loss level with $205usd in profit.
|
still holding buy grid direction.
|
Paused the grid and from here i started with doubts about the market price action.
|
|
Collected some more profit and still in the up grid direction.
|
Then price compressed and i paused the grid.
|
Price resumed the up direction but i saw momentum divergence and almost flat so i did not activated the up grid direction.
|
then pricemoved down with momentum developing in the down direction so i enabled the down grid direction.
|
Then price resumed the up direction and i was ready to exit at the best opportunity.
|
Price went more to the up side, with momentum forming and with slope so i toke a $100.00usd loss and reversed the grid to up direction.
|
From here i saw the price still going up but momentum making a lower high and decided to stop trading. Mostly because i was in doubt about what the price action was doing this day.
|
All have a great evening!
AG
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