Its Non farm news tonight so it won't go far so any pips will do. Normally I am looking for 80 pips but unlikely tonight.
The whole aim is to get the stop to break even as soon as possible and just take what the market gives you.
On M5 when selecting some good setups, on a good night 70% win, on a bad night only 30%.
So you need to establish whether the night is good or bad pretty quickly and quit trading M5 if its a NO Trend Evening.
On M1, there is no bad night but its just hard work and stressful.
Trading can often be great after Non farm News. When Spec was here earlier in the year, we would often enjoy trading and posting some results around Friday 12am.
