The most successful trading method is to look for breakouts and place orders right after the news. Stop loss should be tight and Take profit should be much larger. Trading right after the news also helps in avoiding high spreads and slippage, not to mention that we can now have more chances in spotting the right direction of the trend by mixing the news outcome with technical analysis skills.
In my point of view, trading breakout is the most basic amateur trading. Never ever chase on breakout trading. 80% of the time it will breakdowns.