Trading news and economic releases can be a lucrative strategy in high volatility markets. Economic releases, such as non-farm payroll reports, GDP data, and central bank policy decisions, can cause significant market moves, especially when the actual data release differs from the market's expectations.

1. Understand the economic calendar: Keep track of the economic calendar to know when the high-impact news and data releases are scheduled. This can help you plan your trading strategy and avoid taking positions too close to these events.
2. Analyze the data: Before a data release, analyze the consensus forecast, historical data, and any relevant market commentary to get a sense of what the market is expecting. This can help you anticipate the potential market reaction and adjust your positions accordingly.
3. Monitor market sentiment: Keep an eye on market sentiment leading up to and following a data release. Sentiment can shift quickly based on the data, so be prepared to adjust your positions quickly if necessary.
4. Use technical analysis: Technical analysis can be useful for identifying key support and resistance levels that may be breached in a high volatility market. Using technical indicators such as moving averages, Bollinger Bands, and the Relative Strength Index (RSI) can help you identify potential entry and exit points.
5. Use options for risk management: In high volatility markets, options can be an effective tool for managing risk. Consider using options strategies such as straddles or strangles to protect against unexpected market moves.
6. Practice proper risk management: As with any trading strategy, proper risk management is essential when trading news and economic releases. Consider using stop-loss orders or trailing stops to limit your downside risk.