Bracket trading

[peterma]

Some thoughts from forexgump:

Straddle Trade Strategy

In the chart above, the range is about twenty 15-minute bars long, so around 5 hours. A couple hours before a big news event, price will usually consolidate and trade in a relatively narrow range. What will also help is to look at the previous session’s range. A lot of high-impact data releases are scheduled near the beginning of a session (e.g. Tokyo, London, U.S.). Since there is event risk ahead, traders in the session prior to the scheduled release will be hesitant to enter new positions. …