Hi Kissfan,
Rather than completely close the trade prior to news you can bring in your stoploss closer to protect some profit and still be in the trade. That way you can potentially get some more pips if you happen to be on the right side during the news. So for example protect 30-35 pips and stay in. Ofcourse you could still get stopped before the news, but its a small risk for a potentially high reward.
Rather than completely close the trade prior to news you can bring in your stoploss closer to protect some profit and still be in the trade. That way you can potentially get some more pips if you happen to be on the right side during the news. So for example protect 30-35 pips and stay in. Ofcourse you could still get stopped before the news, but its a small risk for a potentially high reward.