Disliked{quote} i feel like you might of miss-read or miss understood my point. via PVSRA we see whether MM's are Bulls or bears and we start building positions in the direction of that theory. I agree with everything you are saying. I have been trading in this manner for the past few weeks and have been very profitable doing so. thank you. But... with anything i do i like to play devils advocate and evaluate what's going on.. One point is that our entry points are 'loose' based on clues from MM's. when MM's finally make their bull or bear move, it aligns...Ignored
Whether "clues" and/or moves come most of the time with "news" or not, we trade what we see on the chart as best we can with the aid of PVSRA indications as to if the MMs are bulls or are bears. Each trader makes their own decision as to how to do that. Conservative traders might not trade until after "news" and only then if the price direction on the charts agrees with PVSRA indications. Aggressive traders might trade PVSRA indications even when the overall price direction on the chart is contrary.
Can we nail these variances down? Can we come up with a prescribed manner? Or, shall we just present PVSRA and let traders trade Classics and Scouts however they wish?
I do not have the answer. This PVSRA project might take much longer, until someone shows repeated and amazing success abiding in it with few and clear "rules" that seem hardly ever to fail. I won't hold my breath until that happens, though. So, meanwhile, traders will trade differently. This is how discoveries might be made that will help corral a "best utilization" of what we are learning.
One more point about moves in conjunction with "news". We cannot ever know if there will be whipsaws, and if there are whipsaws we cannot know how severe they will be, nor how quickly they will happen and be over with. This in itself sort of negates any value in knowing most moves happen with "news", if they even do. It is very arrogant of we traders to think we know when the best entry is to be made. Personally, I think planting multiple seeds apart, over time, is better than dumping them all in the same hole at once.
-tah