To trade or not to trade...

[YachtFund]

Hi All

Im trying to build a list of mechanical reasons for not trading for a day and wondered if anyone had a similar list that they would share (mainly FX).

For example dont trade when non-farm pay rolls are due. Another one I read was dont trade when the major currency pairs become non-correlated over a 24 hour period.

Thanks in advance.

YachtFund

 

[wasp]

I never trade the day before or the day of the FOMC rate change but every other day is an open playing field for me.

 

[TWI]

I think you find that over time you will win some and lose some. I do not turn off for anything and it just means NFP/FMC days are often either good or stopped out. There are plenty of unforseen events that will shift things about also and before a figure you do not know which way it will move. Just have stops in place, it is glass half full/empty argument, I like to believe figures will move things in my favour most of the time not against it.