Someone the other day was talking about a strategy for trading news reports (major ones like ECB or NFP) where you place 1 order 15pips either side of the current price 5 mins before the news report and set a target profit of 50pips. Very often it seems the market will either go and up and whipsaw back or just move rapidly in one direction. This seems high risk to me but many people only trade the news.
Any articles on strategies for this? I guess particularly related to EURUSD
Any articles on strategies for this? I guess particularly related to EURUSD
