Dislikedi got a question for you guys, right before a news release, when price starts shooting in some direction, would you recomend going in said way, or favoring somehow that position after the release???Ignored
What you are referring to is a news trade.
They are pretty risky....they can swing either way in a very short period of time.
Some people like the guys at http://www.forexbastards.com will recommend getting in on the retrace as a little safer option.
However...you need a broker that will not widen your spread or requote you when the price is moving fast...or they will eat up your profits.
Hope that helps...check out the forexbastards guys for news trades...they have been doing it for a while and are very helpful.
Life's a bitch....so be a dog and cover it!