18/Oct/2023 $585.50usd in profit. Started trading at 9.00 until 13:12 est. Long trading day.
Price was going down, saw a reverse with momentum flow starting in the up direction and with a momentum and volume divergence so i enabled the buy grid direction.
The price was sideways in a very small range so i paused the exit to collect more profit.
Price moved up and i enabled the SL level.
When price touched a relevant price level i enabled the exit to bank current profit.
Price reversed to down direction but i decided to hold the buy grid (i can see how momentum of current chart is flat, and compound momentum at 1, this means only one of three instruments was in down direction). So i hold it.
Price continued going down, time to see the opportunity to exit with loss or in the best cases BE or in profit. For now i set the grid in pause.
Market reversed again now in the up direction so i enabled again the grid (i mean, checked the unpause to allow more trades in the up direction).
Collected some profit and still holding the buy grid direction.
Price is clear to be in a sideways range, even i can see a triangle forming so i still hold the buy grid direction.
Now, here comes the interesting part of the trading day. Until now i see the market is trading in a range, Iam holding the buy direction and in a fast move the price goes down, no stop lose activated (level or in currency - that's why is important to always have a stop loss - i know).
After making a lower low the price made a small movement to the up direction so i did not took any actions until see if the price will return or continue going down. Even with a loss of 1K.
Look how clearly, we have current chart momentum divergences (price going down and momentum going up).
Price moved to the up direction and momentum changed to the up direction too. Reacted to the POC and reversed to the down direction. Even on this condition i decided to hold the current float loss (now 600.00) and disabled the exit to collect more profit and be able to exit BE or in profit.
At POC level price started going sideways so i enabled the exit again and still holding the buy direction and my 600.00 float loss.
The grid helped me to reduce risk and i was able to end the day with a profit. Of course today i took a BIG risk (double amount than my usual profit) but i decided to hold because was clear that from when i started trading until i finished we was in a range market, and this is the best condition to trade with a grid.
I think i can still be making some small money but i always try to end at 13 hrs, this because it allows me to exit sometimes BE or in profit before the market close and i am a day trader, not a position trader so i don't hold positions overnight.
Hope all have a great day!
AG
Price was going down, saw a reverse with momentum flow starting in the up direction and with a momentum and volume divergence so i enabled the buy grid direction.
 |
The price was sideways in a very small range so i paused the exit to collect more profit.
|
Price moved up and i enabled the SL level.
|
When price touched a relevant price level i enabled the exit to bank current profit.
|
Price reversed to down direction but i decided to hold the buy grid (i can see how momentum of current chart is flat, and compound momentum at 1, this means only one of three instruments was in down direction). So i hold it.
|
Price continued going down, time to see the opportunity to exit with loss or in the best cases BE or in profit. For now i set the grid in pause.
|
Market reversed again now in the up direction so i enabled again the grid (i mean, checked the unpause to allow more trades in the up direction).
|
Collected some profit and still holding the buy grid direction.
|
Price is clear to be in a sideways range, even i can see a triangle forming so i still hold the buy grid direction.
|
|
Now, here comes the interesting part of the trading day. Until now i see the market is trading in a range, Iam holding the buy direction and in a fast move the price goes down, no stop lose activated (level or in currency - that's why is important to always have a stop loss - i know).
After making a lower low the price made a small movement to the up direction so i did not took any actions until see if the price will return or continue going down. Even with a loss of 1K.
Look how clearly, we have current chart momentum divergences (price going down and momentum going up).
|
Price moved to the up direction and momentum changed to the up direction too. Reacted to the POC and reversed to the down direction. Even on this condition i decided to hold the current float loss (now 600.00) and disabled the exit to collect more profit and be able to exit BE or in profit.
|
At POC level price started going sideways so i enabled the exit again and still holding the buy direction and my 600.00 float loss.
|
The grid helped me to reduce risk and i was able to end the day with a profit. Of course today i took a BIG risk (double amount than my usual profit) but i decided to hold because was clear that from when i started trading until i finished we was in a range market, and this is the best condition to trade with a grid.
|
I think i can still be making some small money but i always try to end at 13 hrs, this because it allows me to exit sometimes BE or in profit before the market close and i am a day trader, not a position trader so i don't hold positions overnight.
Hope all have a great day!
AG
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