Jul-11-2024 usd$261.00 in profit - US CPI - Higher high with a down daily bar
No grid sets overnight but a new high was recorded; after the US CPI economic news the market was in high volatility, 15 minutes after the news release the price started taking a down direction and CTTool010 triggered a short grid set but price reversed and it was closed in small profit.
The price made a pause an another short grid set this time closed in loss.
Then the bulls took control of the market with a strong down direction allowing the CTTool010 to get profit.
The price started to pause, ranging in a small direction and a short grid was closed in loss.
The rotations was now the market condition with some grid sets closed in loss and a few in profit.
The last grid set was short and closed by momentum in profit.
The inflation in US was lower as predicted but price traded in short so i think some institutions was not only taking profits but closing hedge positions forcing the market to go down. Iam not sure but the price movement before 14.00 EST hrs. was very good for the CTTool010. Unfortunately the rotations at the end of the trading day took half of the profit already gained.
For now i like how the CTTool010 new template performed ending this excited trading day in profit.
All have a great day!
AG