Aug-01-2024 usd$402.00 in profit - US ISM PMI - Unemployment claims

Overnight enabled and from the start the CTTool010 triggered long grid sets but price started ranging and the grid set's was closed in loss.

Then price took a down direction with CTTool010 recovering some from the loss.

After a pause the price started going up with some long grid set's.

At US unemployment claims data release the price moved a little, ranging with some additional profit in the long grid set's

Before the US ISM PMI data the price started going down but a rotation closed the short set in loss.

Then a nice counter trend grid set inside the value profile with the price making a couple of pullbacks but returned to volume profile and CTTool010 collected some profit. 

The US ISM PMI did not increased volatility but the price resumed the down direction with the CTTool010 collecting more profit now with a trend grid set.

Price continued going down in a strong move with small pullbacks/retracements and this is the best scenario to collect profit with the CTTool010

Then price activated in the CTTool010 the long grid set but the movement was down and the grid was closed in loss but resumed the up move.




Hard trading environment right now because the strong move and current price rotations so we have reduced our profit.




And here i realized i disabled in the template the profit amount protection, unfortunately that would helped to keep more profit. After that the price resumed the down move but ranging.

Price now made the CTTool010 to trigger a long grid set but the move was nos strong, just an extended retracement.

And again, we had down grid set's.

A big pause in the down move and started going up.

A reversal with the long grid set again reduced the collected profit.




Then a high volatility in the market at 16.00 EST a few minutes to stop trading so i was worried because i never like to trade on this kind of movements. 




Then one last long grid set with price reversal to only add a new lose. From 1.5k in profit we reduced it to 402.00, very bad i forgot to activate the profit protection, from usd$1500.00 80% it would be $1,200.00.




In any case i saw this a very difficult trading day even with the strong down move, several times i saw signs in the price action for a reversal but the price continued going down. A killer for many strategies because is the combination of rotations with trend movements. Very interesting trading day and Iam glad i had the CTTool010 Counter Trend version running in my real account.

Tomorrow is again the Non Farm US economic data release so is a no trading day for me. Will resume the trading until Monday, of course ill be at my trading desk, playing with a simulation account but no real trading tomorrow.

All have a great day!
AG