mook wrote:I thought the rule was to stay out of news.
** just to answer some emails.
1. h4 zlines/0,50,100. are major s/r lines. Again, the structure is the h4.
2.Price moves within the structure, from s/r to sr
3. You're looking for momo off the m5 to trade within the h4.
That's it people.
I won't be able to post as much, but i'll check in from time to time. Good luck. ** Don't know wtf happened to my charts.
Ya liquidity is pulled right before the news release, then depending on the
news and how it is absorbed by the public liquidity can increase a lot.
I found that the pulled liquidity by the banks caused the spreads to widen
and slippage. Not to long after the actual "number" comes out and if it is
different than expected, that is when the liquidity comes flooding back.
A lot of panic A few years back I made a lot of money on that panic
but times are different and it seems harder to predict reactions.