Trader Dale Volume Profile
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Macroeconomic news<br />
Examples of "Weak red news":<br />
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CB Consumer Confidence<br />
Crude Oil Inventories<br />
Unemployment Claims<br />
Core Retail Sales<br />
Building Permits<br />
2. Standard red news<br />
I never hold my intraday trades during such news. Standard red news has a considerable impact<br />
on volatility, spreads are usually widened, and there is a high risk of slippage. No matter how<br />
strong your support/resistance level is, this kind of news can start a trend which can shoot past<br />
your S/R and show no reaction at all.<br />
If the outcome of such a news event is surprising for the markets, then it can be a start of a new<br />
trend. It usually looks like one-sided aggressive movement that continues moving in one direction<br />
without any distinct pullbacks. In such a case it is best to cancel all your trades that would go<br />
against such a trend and rather trade "Reversal trades" in the direction of the newly formed trend.<br />
Examples of "Standard red news"<br />
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CPI<br />
GDP<br />
NFP (Non-Farm Employment Change)<br />
Unemployment Rate<br />
President of a world-leading economy speaking (about a topic directly affecting economy<br />
and currency)<br />
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