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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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The problem with Fed news is that levels are general ignored because the herd is just dumping everything and anything onto the market. Plus the fact that no one seems to have control long enough in directing traffic at fast speed, seems more a gamble than systematic trading. I think we all a certain amount of control in price action but these times there doesn´t seem to be one minute of control at all.