I have seen high impact news strategies from 1 minute to 1 hour online, if you are interested in this kind of trading please investigate further.
Always use great risk management and stop losses on every trades- when high impact news hits, that currencies BASE pair will determine what direction its goes, negative down and positive up.
If I trade high impact news, wait for at least 5 minutes or maybe to end of that 1 hour or 4 hour candle that news is coming out on too trade.
Like example of USDCAD on Friday high impact news was positive for the USD (base currency) NFE, Unemployment Rate while while CAD impact news was negative Employment Change and Ivey PMI.
Per chart, for next 3 to 4 hrs price action was one sided with bulls controlling pair- it there a way for you to have gotten a piece of this?
Per chart example:
13 pip stop loss
60+ pip target/profit
with right risk management would have worked great. Please look on forexfactory.com for other high impact news events then look at Trading views charts and mark them up on how you could have made a news related trade and profited. Best way to trade medium or high impact news is wait at-least 5 minutes or until end of that hour or 4 hour candle is done, too set up a possible trade. When your set up is with right pair, price, session & time- trade it.
Always use great risk management and stop losses on every trades- when high impact news hits, that currencies BASE pair will determine what direction its goes, negative down and positive up.
If I trade high impact news, wait for at least 5 minutes or maybe to end of that 1 hour or 4 hour candle that news is coming out on too trade.
Like example of USDCAD on Friday high impact news was positive for the USD (base currency) NFE, Unemployment Rate while while CAD impact news was negative Employment Change and Ivey PMI.
Per chart, for next 3 to 4 hrs price action was one sided with bulls controlling pair- it there a way for you to have gotten a piece of this?
Per chart example:
13 pip stop loss
60+ pip target/profit
with right risk management would have worked great. Please look on forexfactory.com for other high impact news events then look at Trading views charts and mark them up on how you could have made a news related trade and profited. Best way to trade medium or high impact news is wait at-least 5 minutes or until end of that hour or 4 hour candle is done, too set up a possible trade. When your set up is with right pair, price, session & time- trade it.