Disliked{quote} this is further worrying. surely you must have a criteria to enter a direction ? like in your london breakout , you wait for a 5 sec candle bar of a certain number of pips. if you are just guessing the direction on news trading, that is very dangerous. you are trading blindly and you could be guessing the wrong direction for days on end and losing 15 pips each time. it all piles up. also remember unless your stop is guaranteed (you pay 2-4 pips more on spread for this ) there could be slippage (happens often on news release) and you could...Ignored
The tricky thing here, is at what price point do we put in our limit orders and stop orders. Its a cat and mouse thing but I think we are more or less getting there after a couple of false starts.