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Interesting.
From a VSA perspective, news events are the very things the Big Boys use to manipulate the market the most. The increased volume allows them to mask their intentions that much more.
The prudent thing thus is to ignore the news itself and pay attention to the Price Action after the news. Sometimes the BBs leave signals prior to the event, but most do well to sit on the sidelines as the news comes out and then focus on the reaction to the news, or the reaction to the reaction to the news.
I am kind of surprised that DB, while not a VSA trader but a PV trader, would say stay away. I guess that has more to do with one's level of experience than the type of day itself.
I also know that the WRB & Long Shadow guys expect major changes in supply/demand to show up on or around News releases. Again it is not about trading the news event. It's about understanding the possible change in supply/demand the BBs create because of the news event. One might goes as far as to say, create with the help of the news event. |
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Pardon my ignorance but what is a PV trader?
lol