DislikedEelfranz,
This might have been answered already and i appologize in advance if it has. When trading on the 1hr time frame do you avoid trades during only high news impact?
Many thanks,
Juls.Ignored
Often news comes in for the USD 7-7:30. If I have a set up at 7, and it still looks good after the news I'd consider entering.
The problem with high impact news is that even if you are on the right side of it you can still get stopped out easily as price can spike both ways hard before going in a meaningful direction.
High impact news moves the market, but it's also used by big boys to stop hunt the little fishes.
Main things not to place trades during/before are NFP and employment claims, those have the most unpredicatable spikes.
If you are in a trade before news, tighten up your SL and lock in profit if you are in profit or just close the trade. Theres always another trade around the corner.