Nothing is 100%, but i've found a few guidelines-
US reports should be straddled by at least 20-25 points-if the reports come out on consensus the currency usually spikes 12-15, then retraces. If the report is off consensus-there wil still be enough profit available.
Foreign reports call be straddled a bit tighter-12-15 or so. I also look for a very fast movement toward my straddle position. If it doesn't get there withion a couple of seconds, i cancel the trade.
Opinions?
US reports should be straddled by at least 20-25 points-if the reports come out on consensus the currency usually spikes 12-15, then retraces. If the report is off consensus-there wil still be enough profit available.
Foreign reports call be straddled a bit tighter-12-15 or so. I also look for a very fast movement toward my straddle position. If it doesn't get there withion a couple of seconds, i cancel the trade.
Opinions?