CPI came out positive but spiked and then dropped sharply, closing with a big bearish candle. Japan's rate hike was negative news, yet it bottomed out and rebounded, closing with a bullish candle. If you're relying on news to do short-term trading, you're basically chasing highs and selling lows, and you'll definitely get wrecked. Don't follow the crowd in trading—following the crowd only makes you liquidity for the big players to harvest.