<i>"What OHLC data you'll use on Monday to view gaps, calculate pivot points etc. Today (Thursday) or this short tomorrow?"</i>
Use the "all sessions" pivot values inside globex session. Use the pit session pivot settings during the actual pit session. You will see each version respected during its relevant time period.
Tomorrow's report is often double-barreled. There is the current voodoo math released first, which the knee jerkers respond to immediately without hesitation. Then there can be revisions of previous voodoo math, which creates a second wave of knee jerked response.
If any revised historical data compliments current data, it will be a two-stage directional surge. If instead any revised data conflicts with current release, price action will respond with a V-reversal move.
Basically, I try to position ahead of the news if clear signals exist. Fade the first sharp spike to clear magnets, such as (but not limited to) R1/S1 or better yet R2/S2 and await a second push. If the trade triggers and moves in favor, trail stop near par and sit on it. Could see the entire initial surge erased with biggest swing going in opposite direction of news release.
I trade 1/2 positions on each entry... two losses equal one normal sized stop-out. One or two wins are likewise quick, easy cash.
45min workday max tomorrow. Wish they'd schedule those every Friday... then they'd all be good! <laugh>
Use the "all sessions" pivot values inside globex session. Use the pit session pivot settings during the actual pit session. You will see each version respected during its relevant time period.
Tomorrow's report is often double-barreled. There is the current voodoo math released first, which the knee jerkers respond to immediately without hesitation. Then there can be revisions of previous voodoo math, which creates a second wave of knee jerked response.
If any revised historical data compliments current data, it will be a two-stage directional surge. If instead any revised data conflicts with current release, price action will respond with a V-reversal move.
Basically, I try to position ahead of the news if clear signals exist. Fade the first sharp spike to clear magnets, such as (but not limited to) R1/S1 or better yet R2/S2 and await a second push. If the trade triggers and moves in favor, trail stop near par and sit on it. Could see the entire initial surge erased with biggest swing going in opposite direction of news release.
I trade 1/2 positions on each entry... two losses equal one normal sized stop-out. One or two wins are likewise quick, easy cash.
45min workday max tomorrow. Wish they'd schedule those every Friday... then they'd all be good! <laugh>
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