DislikedThis is one the best strategies out there. I like trading the news and data releases because its easy money within seconds, but if you don't want to get caught directly in the wind then this is the best strategy to use after a data release. only a 3 minute video that can help you make thousands. Let me know your thoughts guys https://www.youtube.com/watch?v=UUnKz0CA2O0Ignored
Been there, done that and I have to say there is always 50% chance of continuing in the same direction and then you will lose to your 15 pips SL. But overall it's okay to risk 15 pips for the probability of winning 40 pips.
Here is something that I do on NPF and other big events.
30 seconds before the release, I place two identical positions in opposite directions. Some time after the release I stop the winning trade and leave the losing one running. At this point I already have a juicy profit and I can now deal with the losing trade by adding more positions or simply wait until it comes back.
I use to place a 100$ per pip, which gives me $4000 profit for 40 pips spike in no time. This is money which allows me to deal easier with the losing trade. Eventually the losing one recovers and I get at least a double profit, if not more.
Easy isn't it!
That is only a suggestion which gives me consistent profits on news releases. Don't do that if you don't feel comfortable with it.
Good luck
Cheers
Start with 1000$. Increase by 3% every day. After one year 2 213 314$