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  1. #1
    Junior Member

    Price Action the Morning !!!

    Saw some good trends across the currency spectrum this morning and both trades I made were ITM. Seeing volatility pick up a bit (probably due to the reduced volume during lunch hours). No worries for the patient.

  2. #2
    Specialist Member marvel's Avatar
    The Friday trading is always tricky, partially because of the reduced liquidity, partially because of the profit taking for the end of the week. I don't like actually trading on Friday afternoon as there are many unpredictable movements during that period of time, but sometimes good possibilities arise.

  3. #3
    Legendry Member willyw's Avatar
    Quote Originally Posted by marvel View Post
    The Friday trading is always tricky, partially because of the reduced liquidity, partially because of the profit taking for the end of the week. I don't like actually trading on Friday afternoon as there are many unpredictable movements during that period of time, but sometimes good possibilities arise.
    Its best not to leave open positions over the weekend. It is risky as its hard to predict what will happen over the weekends. But many traders have this concept but many times they still leave position over the weekend because of floating losses.

  4. #4
    Veteran Member uj.forex's Avatar
    never leave ur trades open on friday... in fact, dont even trade in the U.S session on friday.. coz most of the times the price action theory fails to work effectively because traders and institutions often close their trades during that time, so market normally shows weird movement in which trading is quite risky...

    same happens on the last day of the month.... so always play safe and close ur trades early on friday...

  5. #5
    Junior Member
    Great information. I didn't know that. I took some losses yesterday, and couldn't seem to make a winning trade if my life depended on it. Now I see why: Last day of the month.

  6. #6
    Veteran Member uj.forex's Avatar
    yes, because positions are been closed by heavy traders and as well banks n institutions... so weird market movement often happens, along with the manipulation sometimes that none of the trader could even imagine... as they say, 'trade what u see, not what u think' .... feel free to ask more questions if u have any....

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