19/Oct/2023 $240.00usd profit. Recovered from an initial loss of -$430.00usd. Scheduled news without much volatility but at Feds speech time i was able to make some profit. Started trading 9.30, paused at 10:53, resumed 11:23 and stopped trading 12:03

Overnight started down then after a short swing reversed to Up, at session start and after news the market continued going up (no volatility). Momentum almost flat but started developing in the up direction, no volume divergence so i decided to enable the buy direction grid.



Immediately the price reversed and i realized the momentum was divergent to the price but going close to lower relevant price level so i hold the buy direction until see what price action we have in that relevant price level.



Price broke the level and went down in a fast movement so i disabled the grid with a loss of -$430.00usd (momentum was going down very strong as the price so i closed in loss).



Enabled the sell grid direction mostly guided by the price movement.



Price reversed to up direction (feeling iam taking wrong decisions on this trading day) and saw the momentum divergence so i hold the buy grid direction. Paused the exit to collect more profit and be able to recover the loss.



Price moved a little to the down direction testing POC (right now as support) and collected some profit and still holding the sell grid direction because volume and momentum divergences.



Still holding the sell grid direction after collected additional profit.



Price broke POC and i saw the break fail pattern (break of support and failed to continue as support so thats why i say fvreak fail), now resistance and holding the sell grid direction.



Price moved in favor and enabled the stop loss level to protect the exit pausing the exit to collect more profit.



Banking some profit to be break even (well, a small loss of -$23.00usd but for me is break even).



Price ranging and i tough, may be the market is waiting the Fed's speech and thats why there is no distribution (market balanced, ranging from the open) so i will see the best chance to exit the grid.



Brek even with -$12.5usd and paused the trading.



Some minutes later saw a strong down movement, with momentum, no divergences, and i jumped as rabbit (was not the best decision today).



Market reversed to the up direction so now i must see the best opportunity to exit (again at BE or with small profit).



When the Fed's speech started the market reacted with high volatility and i was the opportunity to exit with small profit and enabled the buy grid direction based only on price action and momentum building up.



The price moved up and the grid made profit so i closed with todays $240.00usd profit and stopped trading.
*



Today volatility helped me to finish the trading day in profit.

All have a great day!
AG

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