Jul-15-2024 usd$35.50  - US Fed's speak

The price started moving overnight first in the down direction then reversed and CTTool010 started in profit.

Before the US session open a new long grid set was activated but price reversed and it was closed in loss.

Before the Fed's speak in the down direction a couple of grid set's again closed in loss as the price started to make rotations.

Price started trading more aggressive in the up direction.

A reverse to the down direction with some short grid sets but as price was ranging all was closed in loss.

Still with some profit, price continued trading the down direction with a pause in the strategy because the Fed's speak with price ranging and in volatility without clear definition of where it will be going.

After 15 minutes of the speak price resumed the down direction with big pullbacks and ranging so the CTTool010 took  short grid sets again closed in loss. 

With all previous profit reached now gone. The market rotated for a while with some small signs to go up and triggering the long grid set but new reverses closed the sets without profit.

Then at 15:15 EST the volatility increased and price was extremely strong in the down direction.

So we finish this day with a very small profit. 

Price rotations is a killer, good until now is that CTTool010 is able to be in small lose on this ranging days, the bad is we are reducing a lot the profit.

A new version that reads the value area of the volume profile is in testing, i think it will help to keep loses short without sacrifice big profitable moves. 

All have a great week!

AG