And when can you get this volatility? When news like economic data or central bank announcements is released!

Earlier, we discussed the biggest moving news releases. Ideally, you would want to only trade those reports because there is a high probability the market will make a big move after their release. The next thing you should do is take a look at the range at least 20 minutes before the actual news release.

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The high of that range will be your upper breakout point, and the low of that range will be your lower breakout point. Note that the smaller the range is the more likely it is you will see a big move from the news report. This is where you want to set your orders. Your stops should be placed approximately 20 pips below and above the breakout points , and your initial targets should be about the same as the range of the breakout levels.

Sometimes you may get triggered in one direction only to find that you get stopped out because the price quickly reverses in the other direction. However, your other entry will get triggered and if that trade wins, you should recoup your initial losses and come out with a small profit.

One thing that makes a non-directional bias approach attractive is that it eliminates any emotions. There are many more strategies for trading the news, but the concepts mentioned in this lesson should always be part of your routine whenever you are working out an approach to taking advantage of news report movements. He who asks a question is a fool for five minutes.

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