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I do - in TOS. My Gap strategy does not necessarily require that I do so, but combining (showing and knowing) the overnight session activity sometimes ties-in to other thoughts I have in my mind for my swing trades in equities.
For instance, say I am confident that the Gap is "x" points from YC, and my requirements with regard to risk, etc. allow me to confidently take that Gap trade, I'll do it. However, combining both current and overnight news/market events may make me decide to either not take that trade, or execute a conservative version of said trade.
I absolutely do. I think Big Mike has an analogy about it something to the effect of driving your car, and doing so with eyes closed part of the time.
It has different relevance for different instruments. It may or may not be a question of retesting those same levels in the immediate follow-on RTH session, or it maybe in future sessions. Something drove price to those levels outside of the RTH session, albeit usually with less volume: the points it stops at are educational and noteworthy. Range of bars is relevant. I look at volume from both the tape (vvAggregated) and the Gom orderflow chart prints - how one can ignore these valuable variables is perplexing to me. Ironically, for a few traders I've seen who do not look at the ETH levels, they do pay attention to opening and closing gaps - but not to look at what happened within the times that represents those gaps (ie., 60%+ of the day), makes no sense to me.
And BTW, CL is my main trading instrument. In fact, I am a huge fan of (starting) trading the pre-London open and looking for important and often repetitive patterns and level tests; sometimes they are just scalps, other times, I am able to get runners into the RTH session, almost exclusively because of what happened in the previous RTH session, and the ETH session price reacting to it.
I'd like to , if I may, address what I realize was a hypothetical question from you and mostly just an expression of astonishment, but .... As a former hardcore gap trader (& high prob setups + opening range breakouts) who is just now 'going Gomi' (ooh, I like that.... feel free to use that one, it's on me ;>) I suspect that my erroneous assumptions about market profile are widespread enough to at least partially answer your question.
It was quite simple, though at the time I had a litany of fake excuses I half-believed: All those pretty colours, all that 'stuff' on the chart, and the zealousness of a vocal usergroup, really looked to me that market Profile was completely new method that would require another ten thousand hours to master enough to profit by. I told myself that the hard won skills I'd developed and which had cost be about 25k to learn, would need to be binned so as not to defile the sanctity of Market Profile. Did I know how wrong I was at the time? Partially. But partially was more excuse than I needed.
Srry off topic - only allowed myself as we're low traffic thread here. Your comments were excellent food for thought for me and continue to inspire objective(ish!) self appraisal. Cheers.