How Made Up Is News? Quite a Bit

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Quote from Deadwood:

If you're not trading the news you're making this way too hard.

The real key though is to get the news before most other traders.

No. Much easier to follow the price action...far simpler than keeping track of news, real or not. Price action also doesn't require the impossibility of obtaining news first. And of course even if you have the news figured out...that doesn't necessarily translate to anything.

 

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Quote from oldtime:

sorry for the disrespect there Deadwood. Just how, may I ask, do you get your news before most other traders?

Good question.

 

[ExchangeBonds]

Quote from Trend Following:

No. Much easier to follow the price action...far simpler than keeping track of news, real or not. Price action also doesn't require the impossibility of obtaining news first. And of course even if you have the news figured out...that doesn't necessarily translate to anything.

Completely false. I guess you are going to say trading the monthly jobs report has no edge too.

 

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Quote from ExchangeBonds:

Completely false. I guess you are going to say trading the monthly jobs report has no edge too.

Are you proposing that as a trading system? Can it be replicated and written down so others can follow it?

 

[ExchangeBonds]

Trading the news is obviously discretionary. Just because it isn't a system doesn't make it inferior. And yes trading the news isn't overly complicated. You just need quick thinking and the ability to make a decision. You want to use price action only, fine. I just didn't know there were people out there who really thought trading the news is a bad idea. Like really? That is when there is the most opportunity.

 

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Quote from ExchangeBonds:

I just didn't know there were people out there who really thought trading the news is a bad idea. Like really? That is when there is the most opportunity.

Explain? You mean for some one random score? Or over an extended time with consistent results?

 

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Quote from ExchangeBonds:

Completely false. I guess you are going to say trading the monthly jobs report has no edge too.

Do you have a system built around trading the jobs report that others can understand? It can be replicated?

 

[ExchangeBonds]

It isn't a random score. I'm not arguing with someone so closed minded that thinks a system/automation is the only way to trade. It is apparent in your responses. Trading the news isn't hard and anyone with a brain can do it. All you need like I said is quick thinking abilities and a computer that won't lock up on you. It's pretty simple, when the number is outside or on one end of the consensus range, the market WILL move on that number. If it wasn't profitable, I don't think people would pay $2,000 for bloomberg and hook it up to their algos. Will you make as much as the big players that automate, no, but their is plenty of room for us to get something too.

 

[Trend Following]

Quote from ExchangeBonds:

It isn't a random score. I'm not arguing with someone so closed minded that thinks a system/automation is the only way to trade. It is apparent in your responses. Trading the news isn't hard and anyone with a brain can do it. All you need like I said is quick thinking abilities and a computer that won't lock up on you. It's pretty simple, when the number is outside or on one end of the consensus range, the market WILL move on that number. If it wasn't profitable, I don't think people would pay $2,000 for bloomberg and hook it up to their algos. Will you make as much as the big players that automate, no, but their is plenty of room for us to get something too.

Can it be replicated? Your strategy that is.

 

[murray t turtle]

Quote from Brass:

You are comparing different governments to draw a unified conclusion. Make a decision and then stick to either apples or oranges.

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Thats true, Brass.But I like both apples & oranges.The big problem with so many, is they not only dont know the dangers of socialism/big gov/commie gov. Ray Comfort asked about 20 people on the street ''who is Adolf Hitler?? [national big gov Jew killing socialist] ;19 did not know.Amazing.

You got the first part right; but still have no concept of the danger of concentrated power.But our founding fathers sure did;
thats why much of the constitution limits gov...........

Hey Brass, I dont even buy most of my grocerys @ Walmart;
I dont like too much concentrated power in private sector also.