Do you normally flatten just before a CB rates announcement

I am new to Fx trading and I am interested to know if you guys flatten your
trades immediately before a relevant CB rates announcement.

For example if you had been short aussie/kiwi up until yesterday,
would you clear your position rather than carry it though the announcement
since the odds were already built into the outcome.

Is this example typical of rate announcements in general.

thanks
John

Interesting, 45 views and not one reply to what is essentially a fundamental question about making money.

regards
John

depend on which time frame you trade (and thus if position size is 10x of acc or 0.1x of acc)

if on a yearly chart, 1 time CB rate change nothing,
a couple of them in a combo may, like past 12 month.
no we still do no know!

if on 5M chart and position size=10x of acc with +20 t/p and - 20 s/l
a news move will knock you out of sky... if no s/l... knock you down to the hell.

I'm no longer on 5m,
now H1 and try higher and try to suppress position size to 0.1x of acc (what?) and hold for a week length.

I trade E/U and in this case I do not look at a news that move usd relatively, like cad and aud... no.
people look at dow to judge usd and I doubt how long this formula is going to correlate well moving ahead.

for ecb it need to look and move is uncertain, so I exit before violatility, digest news with my own anlaysis and see if market is over reacting,
after all unrational settle down and I don't see a major fundamental change.
then I will enter back in for the track that it has been moving along... but I built my analysis and expectations on some unique markets that I've played for years.

for mosts cases expectations will be wrong due to greed and fear. you long,
then you expect move north, you are in red, then you expect price moving to profit... you want to be god and manipulate market, but you are not...
so expectations turn winning trade into b/e, b/e into losing, and small losing into big and wiping ones..

so do not expect anything, exit and watch market unified move is better way... then you watch it without a bias.

so first of all you may want to tell what is your time frame and position size VS acc size... or reader cannot comment every case.

btw: it's interesting to claim that expectations are useless, if expectations are useless why futures could decide stock open when no one traded it at all?
so all it depends if there is enough liquidity to absorb in enough diversity of ideas, then a deal made could mean something...

for individual expectations are useless for:
i) one cannot influence or predict the yearly move
ii) individual holding position are biased, depending how much stake he have with that move
iii) individual holding high margin position in red are crazy and have unreal expectations

you have obviously given forex trading a great deal of thought