DislikedWelcome aboard! Certainly all possible ahead of news and even just trading the range. Again why if not in a profitable position already, caution is advised. Why don't you want to trade the NFP though? If the ADP number actually does match the NFP the shorts will certainly be in affect tomorrow. It seems you are shooting for varied 10 USD movements which is totally logical for the current price action. So I don't blame you for not trading NFP. Either way the market will likely just bob up and down fizzling out either where it was before the...Ignored
admittedly, my current position is against immediate momentum, but thats how i trade - looking to sell high and buy low, of course relatively speaking.
I use $3 range bars - stoch on that is over bought and am looking at a bit of retracement (standard settings). this has worked for me nicely, but also often goes against, which is what sl is for - besides, nothing ventured, nothing gained i suppose.
nothing against nfp - its just, i haven't figured it out yet.