Trading on a Friday (FOREX)

[ffsear]

I have just gone through my trade log for the last 3 months, and it appears that I would have been almost £7k better off, had I just sat aside and not traded on Fridays. Do any day traders here tend not to open new positions on a friday? Is it ture that markets and be slightly more chaotic on friday due to people/funds/companies just closing positions?

 

[Black Swan]

I'l take trades right up 'til Fri eve. close...I do feel tired of the screen time usually by Friday, which makes me miss set ups on ocassion, not today though spent a refreshing day in the lakes yesterday

 

[HawkTrader]

I don't trade Friday. What's the point? It's not just that I find Fridays to be more choppy, but it's also phycological. I'd hate to lose some of my weeks winnings when I could have just taken the day off. Plus then you get a 3 day weekend! 🙂

However I will monitor open positions, but close before the end of the day.

 

[Black Swan]

been raining forex pips all day...day starting at midnight..🙂

 

[robster970]

I changed last month to trade friday's if set-ups popped up instead of being unnecessarily friday-stitious. First set-up happened last Friday night just before US market closed and I thought to myself of cr@p. Markets re-opened monday, left it to run until tuesday and took a nice profit.

I think Fridayness' is more about whether you can be arsed more than anything else and any excuse not to will do.