I would like to ask the experienced traders

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Old Apr 18, 2016, 10:01am   #17
Joined Apr 2016
As i have seen so many traders do not trade on Monday because it is starting day of week. Many experience trader has their own strategy about it that they learn the market on Monday and then place order on next day.
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Old Apr 18, 2016, 10:15am   #18
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I Trade all day, every day.

As to Mondays ....very often my better day.
As to weekend positions............. if its 'juicy', its a Hold.
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Old Apr 18, 2016, 10:17am   #19
 
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I trade FX and will trade everyday there is a set up..
I utilise a specific system that only looks at Thur Fri and Monday and trades to the new weekly pivot..

I will leave positions on over night and over the weekend EURAUD today on that big gap was a nice win :-) but basically i look for my TP and if the trade is showing no reason to get out.. i let it play out..
Some of my trades are on the 4hr .. so i expect them to last for days potentially.

Opening a trade during thin liquidity is always an issue when it comes to spread.. but i just limit it to 5 pips.. if its more.. i dont take it..
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Old Sep 23, 2016, 6:34pm   #20
 
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Hi there! is there someone here trading in Philippine stock exchange? Especially newbies? Please visit my blog http://www.myinvestmentguide.net...
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Old Sep 23, 2016, 11:58pm   #21
 
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Quote:
Originally Posted by SaulGoodman View Post
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
it is best to trade when the low risk setups present themselves..whenever..day does not matter..if you are there when it happens then use the opportunity..never take a trade just for the sake of trading..wait for the best setup..be in on the 1 min or the daily chart..depends on your style and objectives

holding over weekend..again..depends on your style and objectives..it can go either way..if you don't want the risk..then close everything and open again when market reopens..but do not beat yourself up if market makes a big move and you miss out..as the market will always be moving..which is why waiting pays off in the longrun
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Old Oct 1, 2016, 11:19pm   #22
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Quote:
Originally Posted by SaulGoodman View Post
- I want to learn from experienced traders , whether you are trading on Monday and Friday ? I heard different opinions about it from acquaintances traders.

Another question.

- Do you not to leave the closed position for the weekend?
Lost certainly, stop loss and take profit exhibited .
Monday and Friday are just normal days. If you trade long-term you'll keep positions over the weekend of course. Each trading style is different but statistically speaking you won't see any difference between wed and fri, just look at avg. range of daily market data
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Old Oct 2, 2016, 12:51pm   #23
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I don't like to trade FX - and most markets - in Friday's afternoon , the market is dying no blood in it no volume no volatility no reversals - most of the time - unlike the middle of the week .


GL
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