DislikedNews Trading. The appropriate thing to do in regards to the news is to not try and trade the news itself, but rather the reaction to the news. It does not matter whether the number is above consensus or below consensus. It does not matter what a positive number "means", or what a negative number "means". What matters is how price reacts to the news.
Take a look at the chart below.
This is really VSA 101 here:
1. When weakness appears it usually appears on UP bars/candles. Markets do not like high volume UP bars/candles because they...Ignored
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Greetings, BeLikewater
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect