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Central Banks & Big Players

Can anyone please tell me the logic behind.Why we should only BUY in this method and not sell ?
Quoting mindgame
Can anyone please tell me the logic behind.Why we should only BUY in this method and not sell ?
that is also puzzling me
Quoting mindgame
Can anyone please tell me the logic behind.Why we should only BUY in this method and not sell ?
The idea is that if price reactions off news reports are really a 50/50 proposition, by consistently betting on one side of the equation, you are guaranteed to win 50% of the time.

If you switch from long to short at various times based on your current analysis it is feasible that you can do worse than 50%. So Tony (in his wisdom) has figured that he will at least do as well as a coin toss by always betting on the same side of the news. Though sometimes even Tony takes a flier on the shorts!
What FXEZ has posted is correct, and I also note that when you win, you win MUCH more that what you lose as long as you are managing your stops properly.
Quoting Ivanyo
What FXEZ has posted is correct, and I also note that when you win, you win MUCH more that what you lose as long as you are managing your stops properly.
Thanks for adding this VERY important point Ivanyo!
Quoting FXEZ
{quote} The idea is that if price reactions off news reports are really a 50/50 proposition, by consistently betting on one side of the equation, you are guaranteed to win 50% of the time. If you switch from long to short at various times based on your current analysis it is feasible that you can do worse than 50%. So Tony (in his wisdom) has figured that he will at least do as well as a coin toss by always betting on the same side of the news. Though sometimes even Tony takes a flier on the shorts!
So that being said, we could opt to always go short instead of long without any disadvantage to those who go long right?
Quoting SaiLyfee
{quote} So that being said, we could opt to always go short instead of long without any disadvantage to those who go long right?

I believe this is not the same. Put in the ask line and watch what it do in news. The broker open the spread by the ask-price not by the buy-price. So a buy doesnt get hurt but a short would get SL possibly.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
Quoting Bernhard
{quote} I believe this is not the same. Put in the ask line and watch what it do in news. The broker open the spread by the ask-price not by the buy-price. So a buy doesnt get hurt but a short would get SL possibly.
I disagree on this one. I have seen oanda winden spreads on the bid side many times when the price is still on other brokers.

Here is an example:
Attached Image (click to enlarge)
Click to Enlarge Name: spread.png Size: 494 KB
wth 20 pips spread :O , on AU .... T_ T
http://www.bloomberg.com/news/2014-0...ur-action.html
http://www.bloomberg.com/video/what-...V2h5Ae23g.html
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 53 KB

Big news for EU tonight..I saw Tony didn't highlight this event though.
Is anybody else trading it? Trying to figure out if I should go in with a 7 or 15 pip SL. What do you guys think?
Quoting Electry
{quote} I disagree on this one. I have seen oanda winden spreads on the bid side many times when the price is still on other brokers. Here is an example: {image}
Hi Electry,

Thanks for sharing. Are you happy with Pepperstone for straddling ??
I am currently testing Thinkforex and Axitrader with same settings. For the moment, Axitrader is providing lower spread, but I am considering checking another broker like pepperstone.
Quoting FXEZ
{quote} The idea is that if price reactions off news reports are really a 50/50 proposition, by consistently betting on one side of the equation, you are guaranteed to win 50% of the time. If you switch from long to short at various times based on your current analysis it is feasible that you can do worse than 50%. So Tony (in his wisdom) has figured that he will at least do as well as a coin toss by always betting on the same side of the news. Though sometimes even Tony takes a flier on the shorts!

Good way of thinking buddy.Im sure the thread would'nt have created anything without a valid reason.Just wanted to know the logic behind it.Thanks for clarifying that out to lot of people here.
Quoting totowah
{quote} Hi Electry, Thanks for sharing. Are you happy with Pepperstone for straddling ?? I am currently testing Thinkforex and Axitrader with same settings. For the moment, Axitrader is providing lower spread, but I am considering checking another broker like pepperstone.
Nah pepperstone is impossible to trade news with. I always record my trades so this is a screenshot from and old video (where I had my stop slipped for 50 pips )

At the moment I got bored with slippage so all my money is now at oanda. In the past I would have recomended Admiral Markets but their platform froze for 8 minutes during big GBP news and I couldn't close my order which was in the wrong direction. (It said "order is locked"). I contacted support and got no answer = withdraw all. Their spread is low and ok slippage but absolutely worst custommer service...
so what and how we trade the news today
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
WHIP.
Out for 7...
Attached Image (click to enlarge)
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Interesting....I'm with Pepperstone.

Let's see how it goes in a couple of hours - hope slippage isn't terrible, otherwise a change of brokers may be in order.
Quoting Electry
{quote} Nah pepperstone is impossible to trade news with. I always record my trades so this is a screenshot from and old video (where I had my stop slipped for 50 pips ) At the moment I got bored with slippage so all my money is now at oanda. In the past I would have recomended Admiral Markets but their platform froze for 8 minutes during big GBP news and I couldn't close my order which was in the wrong direction. (It said "order is locked"). I contacted support and got no answer = withdraw all. Their spread is low and ok slippage but absolutely...
Thanks for the advice. Wanna consider Oanda then.

I also record everything now . I had no slippage | low spread with both Thinkforex & Axitrader today during "CPI Flash Estimate" ..
Happy
Quoting totowah
{quote} Thanks for the advice. Wanna consider Oanda then. I also record everything now . I had no slippage | low spread with both Thinkforex & Axitrader today during "CPI Flash Estimate" .. Happy
No problem mate. I don't know if you are using real money or not but remember that demo accounts don't have slippage
Quoting Electry
{quote} No problem mate. I don't know if you are using real money or not but remember that demo accounts don't have slippage
Live of course.
I also straddle the news with Amazing EA, so I am very sensitive to spread/slippage.
Get ready for advance GDP on USD
Invest in alarm clocks
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