Jul-18-2024 $308.00 usd loss

Price was in extended range at overnight and CTTool010 grid set's closed in loss.

Before the US Session open price started to show signs for an up move and some of the loss was recovered by the CTTool010.

A reverse to the down direction closed last long grid in loss.

Now the CTTool010 was triggering short grid set's but again price rotations accumulated the loss.

Up and down, the price was going sideways without enough room to close the grid's even with a small profit.

A strong down move now with a few grid set's in profit but now the price started with big pullbacks.

A big up move but as we have the Volume profile value area rules and we are below the only trades allowed are short so no grid set's in this up movement until the price resumed the down direction with some profitable set's. 

A very nice down move and fortunately the CTTool010 was able to recover the loss and make profit. It was a long time that the CTTool010 took a move like this one. Price started rotating with less profit now.

Now price started moving up with small pullbacks and again, no long grid set's because we are in short VP mode. So we must wait until the price reverses or change in direction in respect the value area.

Price in pause, small sideways range but price resumed the down move.

Now in loss and the CTTool010 triggering more short grid sets but price did not stopped making reverses.

After a new strong up move price again was down but immediately the price returned to the up direction, a couple of times.

It has been very hard trading days. CTTool010 after make profit a grid with price rotation does not allow to finish in profit.

In June the goal was to keep loses short, from an average of usd$500 in a day we are getting max todays lose usd$308.00 so the goal was reached BUT we are not making money and have no sense to trade for fun, we must earn money trading so i have some conclusions today:

• After a good price move the CTTool010 makes profit, but last grid closed in loss affects all the profit earned. This must change
• In consolidation and sideways the algorithm using the expansion/compression of the value area in the volume profile is not helping to avoid gird set's that closes immediately with a price reverse. This must change too.
• Always, a profit earned must be protected, so is required to stop trading after a loss condition, this only when we already are in profit

Will be working with the CTTool010 for the 3 past points, tomorrow will trade with a new version for the CTTool010 to exit a grid when there is no more buy or sell direction conditions and some small adjustments in the template.

All have a great day!
AG