Trading Plan: Risk Reward should be always over 1 & Exit after news events

If there is a valid setup (high potential) then on the smaller time frames void will soon or later appear on the chart. A safe entry occurs when the range of an entry bar (above blue for longs, below red for shorts) is smaller than the distance to last resistance (for long trades) or to last support for short trades. Often times bars are very large then obviously not good to enter if you plan to move your stop to breakeven at the first correction (happens most of the time at prior support or resitance)

After news events its wise to place a limit sell order to get out in the DP area before price retraces, on the other hand if price does not move very much, simply trail you stop since you are already breakeven before the news release its no big deal to get also stopped out.