A News Trading Strategy For Proactive Traders
You will be using a 5 minutes chart for this news trading strategy
. The amount of risk that you want to take depends on you. You can place the stop loss at 40 pips, 50 pips or more. But 30-40 pips stop loss is better. You had closed half of the position in order to take profit as quickly as possible. This was done to reduce risk. The market can make a sudden u turn and retrace itself. So, you took profit on half of the position as early as possible. The other half position with a trailing stop will capitalize on the market move if it continues in the right direction. Good Luck!A News Trading Strategy For Proactive Traders
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