Slow Reaction From High Level Announcement.

Several important market announcements this morning, one being the USD Market Manufacturing PMI. One important thing to note about high level announcements is that the market reaction isn't always immediate. In this instance the market shows no reaction for almost 5 minuets before the desired effect happens. Now me being at work I missed the initial bump. When trading this event live you want to watch out for the large increase in volume and pay attention to the direction of movement. As soon as you see the volume jump and the price begins going up, it's time to hop on the band wagon.

Being at work i missed the initial jump, but jumped on a perceived upward trend in the market only to be rewarded a little bit late.

The other thing to note is that I got pretty lucky on the second jump. If you're trading news events you're likely going to make short term trades, for a few minuets to maybe an hour. Notice just before the second spike there is a drop in price. This combined with an increase in volume could falsely indicate a strong downward trend just before the market takes it's actual course, The market doesn't always jump off in the intended direction initially. This makes it tough to capitalize on the full jump in the market as you might fear that you are buying or selling in the wrong direction.