If I am in the money by 75 pips or so, the news usually doesn't affect me. However, if I have a technical setup I seem to constantly get hosed when news comes out.
If I have an entry order, the news spikes to get me in and then I take a loser as it retraces. If I am in a trade, the news spikes against me and I get knocked out with slippage on top of it.
Is this just the way it goes? I have a feeling if I start exiting my positions before news, the market will then rip in my favor and if I cancel my entry orders before the news comes out, the market will trade through my entry price and never look back.
Anyone else have this problem?
If I have an entry order, the news spikes to get me in and then I take a loser as it retraces. If I am in a trade, the news spikes against me and I get knocked out with slippage on top of it.
Is this just the way it goes? I have a feeling if I start exiting my positions before news, the market will then rip in my favor and if I cancel my entry orders before the news comes out, the market will trade through my entry price and never look back.
Anyone else have this problem?