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  1. #1
    Junior Member

    When not to trade? !!!

    Question for the group:

    When do you like not to trade, what makes you know not to be in the markets?

    I don't like to trade at all when you have a Prime Minister, President, Economic Minister or Bank Head speaking. The markets tend to move way to much and they are unpredictable. I find that you never know where it might end and if you try to catch a bottom or top you will get smacked on the head.

  2. #2
    Specialist Member marvel's Avatar

    !!!

    Interesting subject for a thread!

    There really are times when it is much better to not trade at all, but I couldnít agree that the high volatility is bad thing in all the situations. Sometimes the big profits come exactly from a high volatility periods. Also when the price is moving fast after some announcement it could move straight forward for a substantial amount of time and your options could expire safely in the money. It all depends on the market sentiment around the news announcement. I personally prefer to avoid trading during the Asia session as the movements are so small and also there is a substantial danger for my positions if they are still open during the London start at the morning.

  3. #3
    Rookie Member
    I don’t like to trade on Friday as it is a profit taking day and the moves are too unpredictable. I also don’t trade during Asia session because of the low liquidity.

  4. #4
    Legendry Member willyw's Avatar
    Quote Originally Posted by algooption View Post
    I donít like to trade on Friday as it is a profit taking day and the moves are too unpredictable. I also donít trade during Asia session because of the low liquidity.
    Yes, Friday is indeed a profit taking day. Many traders do not like to leave open positions over the weekend. I agree Asia session is not as liquid as the NY session but there are still trade opportunities in the Asian session especially USD/Jpy.

    Just a piece of extra information for traders trading USD/JPY,during the Lunar New in Asia usually in the month of Jan/Feb, there is a coincidence USD/JPY will have a volatile day on the eve of the Lunar New Year or on the 1st day of the Lunar New Year. The market will catch everyone by surprise during either 1 of these 2 days. I have come across this many times in my years of trading but not everytime. This Year Lunar New Year's eve is this coming Saturay, 9 Feb. Next week the volume will be preety thin in Asia as 2 financial centre, Hong Kong and Singapore are celebrating New Year. See if any big move for USD/JPY. I have seen many poor clients and traders on New Year's day collecting margin call. Hope nothing happen this year.

  5. #5
    Senior Member dorrian's Avatar
    Great insight willyw! I will never guess the cause of this volatile day. Like the New Year is often very close to a trend turning point now also is possible to see a reversal point next week.

  6. #6
    Master Member vinayakm's Avatar
    Interesting thread you've started here SignalCoyote. I guess any market event could really be interpreted as a time not to trade when you think about it. I hope you get my drift.

    Specifically, when looking at last month with its flurry of corporate earnings reports. There was a common theme of stocks beating earnings expectations, but the stock still shedding some percentage points. We had AAPL with its strong earnings report that didn't convince Wall Street enough about its revenue figures.

    I mean this was the quarter when AAPL sold 75M mobile devices for crying out loud. In AAPL's case, it was more than a few percentage points that the stock fell.

    I was bullish on the stock too.

  7. #7
    Veteran Member uj.forex's Avatar
    Before important data release or news conference, or speech.... Plus, its better to close your positions off on Friday in early U.S session.... because traders and banks close their positions too, so price-action theory normally fails at that time....

  8. #8
    Specialist Member runneroption's Avatar
    Quote Originally Posted by uj.forex View Post
    Before important data release or news conference, or speech.... Plus, its better to close your positions off on Friday in early U.S session.... because traders and banks close their positions too, so price-action theory normally fails at that time....
    That's right uj.forex. Friday afternoon is a profit taking time, but that doesn’t mean you couldn’t trade. Just you have to be aware of the risks involved and trade different way than average trading days.

  9. #9
    Senior Member Grae's Avatar
    Quote Originally Posted by uj.forex View Post
    Before important data release or news conference, or speech.... Plus, its better to close your positions off on Friday in early U.S session.... because traders and banks close their positions too, so price-action theory normally fails at that time....
    I agree with uj.forex... though for Friday, it depends on the time. Early markets are not that bad.

  10. #10
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by uj.forex View Post
    Before important data release or news conference, or speech.... Plus, its better to close your positions off on Friday in early U.S session.... because traders and banks close their positions too, so price-action theory normally fails at that time....
    My answer will be the same as Uj's...Also dont trade when you are in doubt about the trade...there may not be something as certainty bt there can be things like big doubts..

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