Easy! 2 minutes before news setup a sell and a buy 10 pips above/below the realtime price. If it tumbles down .... give it 2 minutes then cancel your buy and ride the sell. If it goes up do the inverse.
Be careful of the head fake! Wait 2 minutes or whatever you think is a good time period before you cancel your OTHER order.
Of course you ALWAYS have to put a stop loss on both. I usually put a 30 pip stop loss just incase the head fake is dramatic.
You absolutely need to babysit the news release so you can cancel your OTHER order.
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