Good discussion here you guys. I'm not a big fan of trading news...

Good discussion here you guys.

I'm not a big fan of trading news events like the UK election, but probably the safest way imo is to trade them momentum after the news, not try to get set before (why would anyone want to risk a potential 160 pip gap like the one overnight on the GU???).

Keeping it simple too is key, I just trade the candlestick patterns, no indicators. That inside candle on the GU hourly 2nd hour after the gap was a classic setup.

I would disagree on one point stocktraderman - booking small profits can make you good money (rich even). The key to that though is to compound the returns.

Cheers, Sharks.