How do you guys factor in revised economic data when a trade is already open?
I'm still relatively new to trading around economic releases, and while I understand the initial impact of something like an NFP miss or a higher-than-expected CPI print, what I'm struggling with is the revisions.
Let's say I'm in a long $EURUSD trade based on a previous outlook, and then a month later, the prior month's CPI gets revised significantly upwards or downwards. Do you treat that revised data as a fresh input that could warrant an adjustment to your current trade, even if the current month's print was as expected? Or do you mostly focus on the new data and consider revisions as historical noise once the market has already reacted to the initial print? It feels like revisions can completely change the underlying narrative, but I don't want to overreact to old news.