That is the correct answer! By the time the "news" hit the streets it's already too late, the sharks (and the insiders...) have already made their move and are now ready to cash out, and the dumb money will provide them with all the liquidity they need...
Do not trade the news. Instead, trade the reaction of the price action to the news if your trade signal appears in that reaction. wrbtrader
Excellent point, and that's precisely what I am doing, Wrbtrader. The reaction to the "news" is of course more important than the news. Thanks for your input.
I don't trade the news. I don't watch the news. I don't read the news. Just a bunch of idiots running around screwing up the world. I don't need it. It just pisses me off, anyway.
%% LOL; I was on my charts late yesterday; + a broker sent me some news about selling in red /LOL I don't know what happened to his buy message today/ most of my chart buys haven't gotten filled today; about 20%..............................................................................NOT prediction because about 50/55 minutes 'til close.