News is ok but the reaction can not always be relied on, one month a .25% drop in interest rates can have a negative effect, while the next month it will have a positive effect, market perception of things can be very odd at times! Data is not reliable enough to trade on by itself in my opinion, but may influence whether you hang onto a trade you're already in through TA, or whether you bale out pdq. Have you noticed that sometimes on data release the price will rocket one way, then just as quick rocket the other, there's no apparant reason for it apart from maybe quick profit taking by scalpers and such, but whether collectively they have the power to unintentionally move markets is debateable. Trying to jump on and off a moving train can be a dodgy pass-time
As for the 2 accounts idea, maybe an easier idea would be 2 stops, one either side of the market price, to stop you into a trade, the only problem is whipsaws, you might get stopped in on one and stopped out again very quickly on the other, rather you than me friend!
Forex, don't you just love it!
Pete