21.04.2019 Views

Trader Dale Volume Profile

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Macroeconomic news<br />

Tip #10: Adjust your trading to the post-news reaction<br />

If the reaction to the news (significant ones) is strong and the price shoots quickly and aggressively<br />

towards your trading level, then it is better not to stand in the way and rather take a Reversal<br />

trade. Especially if the news was really strong (NFP, CPI, GDP) and the news outcome surprising.<br />

You just need to wait for the price to push past the support/resistance level you wanted to trade<br />

and when it comes back to "test" the level from the other side, then you enter your position but<br />

in the opposite direction - which is the direction of the new post-macro trend. This way you<br />

basically use your trading level to participate in the trend behavior. You only need to adjust your<br />

bias and be ready to trade your level from the other side. Such development and reverse tests<br />

are sometimes pretty quick, so you need to be fast.<br />

Have a look at a picture below:<br />

109

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!