Sunday, October 30, 2016

How "Breaking News" Affects Price Action

My long standing theory is that news creates volatility that facilitates price discovery to key areas that likely already want tested. 

This was proved again with Gold on Friday when the reopening of the email case was announced. See the charts below ..

GC TS TradePlan Gold Review / Private Client Feed Long Trade - Friday October 28, 2016

Therefore I don't worry about the specifics of the news, I am just aware of when we have releases scheduled and I expect an increase in volatility at that time. 

Charts shown with the TS TradePlan Indicator

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