It's a judgment call. We don't have "group" way of handling it, and the strategy itself doesn't mention anything about it. So it's left to the individual to make the decision. Sometimes it can be dangerous to have an open trade just before big news. Other times it works out very well.
News is always a gamble.
some will make sure they don't have a position at all.
Some will set Buy/Sell Stops in a range to get tripped if a big breakout happens.
Some have inside info......
If news comes out as planned, there usualy isn't much commotion.
If it comes out worse, it's bad for that currency, usually.
Better, good, etc.........
Just because FF and Bloomberg says a .25 cut is coming..... it might be .75 and all hell breaks loose.
Trade news carefully. NO strategy will be right at news time if you're on the wrong side of the fence.
I remember the post. That's what got me looking at it. I had to read through it a few times though, and let it sink in. I think I like it better in some ways. It is more simple.
That's how I felt as well, keeping things simple, my style of trading.
