Specific currency trading by high impact economic report

I would like to disclose one of the many strategies that I have implemented and have benefited me.  I named the strategy as currency focus trading by high impact economic report.  This strategy is merely depends on the economic reports that are published on that day.  I usually visit the Forex Factory to view on the lists of economic report that are to be published on that day. I go further by using example for today economic report as can be seen below.

 On Malaysian time, the high impact report that will be released is on 8.30pm.  The report affects USD currency.  After 5 minutes of publication of the PPI and unemployment claims, I will look into the actual release.  The system in forex factory website is already set up to display green colour for a positve figure and red for negative figure.  I will only see the colour.  If it is green, I buy, if red, I sell.  Most of my trade using this strategy are success, which means that my target profit is met.  

For this night, I will trade on EURUSD and USDJPY.  Both pair are having the USD currency which will be affected by the high impact economic report.  Oh by the way, the high impact is coloured red on the Impact column from the report.  If the colour is orange or yellow, I do not consider further because the report affecting very little to the currency.  Furthermore, the reports at 8.30pm will be the most report anticipated by traders globally for the time period between 6.00pm till midnight.  All traders eye will be glued to the reports, hence a direction for the pairs are clear.  What I mean is that, it will be not a choppy trading. If positive report, the EURUSD will go north, I buy. If negative, go south, I sell.

Try it out, if not confident, practice with a demo accounts. In demo account, you will not loose money, you will only loose your time but you gain knowledge.