ES Journal - 2019/2020

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DevBru said:
Oh no, not again ..




Because a news release/comment came out seconds prior to the move, what more do you need to understand ...
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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...:fistbump:
 
tenny1886 said:
why do you think the sudden moves are news related, i never really understood that. if market moved more than 30-40 points within a short span of time then that would be news related, rest price is not random, it moves according to the TA. especially PA. I have observed any time price moves outside its path, then there are certain orders in play that put the price back on track. I would not call the down move @ open and the upmove @ noon news worthy moves. That is just my take on it. For me when price really moves more than 30-40 points within a short period of time that would be news related and collective forces at play to take advantage of the news.
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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.
 
tenny1886 said:
well how about if PA predicted the move before the news was even leaked.??
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kellys said:
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.
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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.
 
tenny1886 said:
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.
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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?
 
tenny1886 said:
in the above scenario, i saw forth the way price ideally should play today and while i attribute it to PA and TA skills, you bring in random news. While the above call was made before noon, so in other words i am privy to presidential news and also an insider with direct telepathy to our POTUS. ha ha now (scratching my head underneath the tinfoil hat)
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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?
 
DevBru said:
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?
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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
 
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