Central Banks & Big Players

Quoting Fx3422271

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{quote} I think your math is a little bit fuzzy except for your point about the whipsaws. But, either way I am not questioning my money management but rather my strategy to avoid whipsaws. However, without whipsaws the logic is simple. If you do the math you will understand. Let's say we have 1:5 R/R. If you take 10 trades and risk 10 pips you will lose 50% and you win 50% you will lose 50 pips and win 250. What is 250 - 50? (200) If you take both sides of the trade? You will lose 100 and you will gain 500. What is 500 - 100? (400) What number is...

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Quoting Fx3422271

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{quote} I think your math is a little bit fuzzy except for your point about the whipsaws. But, either way I am not questioning my money management but rather my strategy to avoid whipsaws. Also, when you factor in slippage it gets even more discouraging. However, without whipsaws the logic is simple. If you do the math you will understand. Let's say we have 1:5 R/R. If you take 10 trades and risk 10 pips you will lose 50% and you win 50% you will lose 50 pips and win 250. What is 250 - 50? (200) If you take both sides of the trade? You will lose...

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Quoting NikolasII

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Since I started to be active in this thread few weeks ago,I got question: Do we always go blindly with expectations that upcoming news will be positive for that currency? Right now,i'm thinking since the AU Dollar has been losing across the board this week,even with unchanged rates will push it down further.IMO.

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Quoting nitecop

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{quote} I can see your logic, but what you are not counting is that by placing another trade on the reverse your risk reward is now 1:4 or less because of a sure loss on the other side. And as we all know, reality is that trades do not always reach their tp or RR potential most of the time. by your own math if we risk 50 pips to make 250 then you will risk 50 pips to make 200 because of a sure loss of 50 on other side. with a chance to lose just 100 or more with whipsaw, spikes or slippage. reality is that 50% win rate on a 1:5 doesn't happen often...

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Quoting Wigglesworth

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{quote} Nitecop sorry to barge in on this debate, and unless I am missing something here, if you do a OCO (one cancels the other) the other order will be cancelled once a buy is triggered..so that would not be calculated as a loss..right?

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Quoting Wigglesworth

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{quote} Nitecop sorry to barge in on this debate, and unless I am missing something here, if you do a OCO (one cancels the other) the other order will be cancelled once a buy is triggered..so that would not be calculated as a loss..right?

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Quoting Fx3422271

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{quote} That would be an entirely different strategy, albeit a potentially good one. As far as the "debate" goes either you get it or you don't. The math is simple to understand. Ironically, when you are dealing with high R/R ratios it is better to win every trade and to lose... Mysterious.... haha The options idea is also good because we have the right but not obligation to be in the trade.

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Quoting Wigglesworth

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{quote} I see the confusion...at least on my end...On one post you say you have 2 NZD longs, then next post you have a long and a short...For sure two different mathematical outcomes.. {image}

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Quoting Fx3422271

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{quote} Those were not 2 NZD longs. I was short NZD and also long NZD.

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Quoting Wigglesworth

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{quote} OK got it!!! So essentially hedging the American way!!!

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Quoting ind.engineer

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Last 40 min. to AUD employment news...i attached some statistics which i collected about last news release...Good luck to all I will buy , 18 SL - 120 TP {image}

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Quoting Fx3422271

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{quote} Now you got it!!!!!!!!!!!!!!! Americans who appear (and often are) totally stupid but not without help from our government!!!!! lmao Thank God they enacted these tight regulations on FX traders in the U.S. Because, it wasn't mortgage backed securities that caused the great financial collapse it was those damned FX traders and all that hedging they do!!!!

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Quoting Wigglesworth

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{quote} Hahaha True enough....So the bureaucrats had to pass Sarbanes-Oxley/Dodd Frank to protect the Banksters and all the mega hedgefunds hoodlums from the Forex Factory Cartel!!!)

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Quoting NikolasII

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{quote} Can I change my username - FFCartel,that would be a chick magnet lol!

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Quoting Fx3422271

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{quote} That was really helpful, thanks for that. May I ask where you found this?

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