Nov-9 $400.50 usd profit started 8.23 ended 12.16 est

Overnight price ranging without clear up ro down direction and on this market conditions is not possible to make any trading decision.



After the US data release the market still was calm, without direction definition (small up movement)  so now i decided to wait until the Fed's speech to see signs of the market movement (price action / price movement).


At Fed's speech the price started moving down after a new session higher high with momentum development going down and room from support and POC and i taked the down movement as a reject of resistance from previous days level and enabled the down grid direction.



Made some profit and POC very clear as support level driving the price to the up direction so now i was looking the best opportunity to exit BE or with profit pausing the exit to collect more profit on any down movement/retrace



Price was ranging so the grid was useful to collect profit.



Then price made a pause compressing so i was holding the grid.



Price moved strong to up direction, paused the exit and with a nice price retrace the grid closed with profit.


 

And that was all for trading the grid. All have a great day!

AG

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