Oh no, not again .. Because a news release/comment came out seconds prior to the move, what more do you need to understand ...
well how about if PA predicted the move before the news was even leaked.?? then i guess i will call it PA . And PA precedes the news at least by a good margin i would say while you would worry about which news to act on, PA and TA can do without, it is more concrete. so yah PA and TA wins over news...
So, if price moved 29 points within a 'short period of time', that would not be news related? You don't have to understand it. You just have to know that that is how it is. News moves price.
if the price moved outside the range, then it would be news related, any moves that are happening these days are already calibrated in the price action, taking into account the past few days range i put forth a number between 30-40 points, actual range that i can attribute to news would vary, depending on prior moves. Anyways we are too small of a specimen to effectively move the price with news. How much news would affect the price, at what time would the news related move happen, will the move be absorbed if the opposing forces are in strength etc are all hard to comprehend. But with PA, you don't have to worry about those issues, i myself am not too proficient in PA but do see certain PA moves, which i later find out someone attributes to news releases, Anyways whatever works we can call it news or we can call it PA , if it makes money or saves you from a loss then i guess it is good.
National Security Advisor Bolton got the ax. Trump Tweeted it. Oil reacted (down) as he was an Iran hawk, S&P and the others reacted to the movement in crude. No biggie. Carry on.
On the first Friday of the month, pull up a DOM (Depth of Market) and watch the limit book get stripped back just prior to 12:30GMT Why would the limit book get stripped back tenny?
I suggest that from now on for the remainder of this month you predict all fundamental moves prior to them happening. Even a broken clock is right 2 times a day ... Where are your billions if you can predict all this?
if you consider PA and TA reading skills equivalent to reading time from a broken clock then i guess, we should end the discussion. As you see value in news, for me i don't and vice versa in regards to PA and TA. so as i said if you are making money with news, then good for you. Don't forget to send me a million when u get your billions from reading news. he he