DislikedYeah, Well I've benefited from it. I'm a newbie still... so I am learning just from reading this thread.
What do you think of the surprising 8.2% unemployment news that came out for the usa? That news by itself could help this week be a retracement or maybe even a little bit longer.
The g/u is at such a major support level. If it breaks... I will ride that further, but I'm thinking a bounce with so much negative news from the US.Ignored
I remember Graeme commenting on the news. He neither ignored it or focused on it. I would have to say I agree with that. Unless you talking about some major economic shift, the news won't impact the position trader greatly. If it is major, that would no doubt signal a likely diversification time.
If the news does cause a retracement then we try and adapt to that new market direction and go with it, as you alluded to.