How to approach news breakout: this is the release of major economic announcements and can sometimes trigger moves 70 pips in minutes.
Where a major fundamental announcement will be released, a few minutes this time we look at the market is moving in a very choppy sideways or counter the trend. During this time, the independent retailers who are the news themselves long before the news event to take advantage of the original price tip. Note that not all the news event to support this strategy. Using this strategy, you ay need only be on the market for about 5minutes and you are a profit or a small loss.
You use this strategy by first of all know the time of the press release use the economic calendar, then find out about news event supports this strategy. Having done the above you then go to your platform 5 or 3 minutes before the news event and set up your order.
The news event that supports this strategy is the interest rate statements by U.S. EUR / USD, GBP / USD and USD / JPY. EURO-EUR / USD, EUR / USD, EUR / JPY. And EUR / USD. UNITED KINGDOM-GBP/USD, EUR / USD, GBP / JPY, NEWZEALAND AND CANADA. Other news events that support this strategy is non-farm payroll from the U.S., unemployment and employment change from Canada and Australia, the German ZEW economic sentiment, BOE MPC meeting minutes etc., the minimum each of these news events can generate is 30pips within 10 minutes it was not stingy with the profits. If you take only 20pips per event on a standard account, with only 10 events per week that will give you $ 2000 per week. Try also taking into account the risk.
Technical breakout, this type of breakout without any news event in sight. It can happen during business hours or in the vicinity of the market. Before the opening of certain currency pair and market sessions, the market is usually in a very choppy mood and quiet too. During this time major changes are planned and you should learn to go along with them. Quite often the market would have set the direction you want to go before it becomes quiet trying to decide where breakout.
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