buying and selling the news, eurusd 29/4/08

I am sure this is covered elsewhere here but if in the event of a major news anouncement such as Consumer Confidence today, with the eurusd winding up for a move one way or the other is it worth putting a long and short order in say at 1.555 and 1.56 or so to take advantage of a possible major move, keeping the stops real tight at 10 or 15 pips.

Thanks

Max

Sure... why not? Let us know how it goes...