{quote} Agree. Mondays use to be dull for trading. Mondays + US bank holidays use to be much more dull for tradinglol But it's an important thing to remeber that if low liquidity market then any speculative huge order can create a spike heads in one direction, then followed quickly by a movement in the opposite direction (check whipsaw in finance) Therefore, it could be a fun day for scalpers
Welcome back....
I agree with everything you just said.
but if I may say just for the sake of the conversation, my trading style rarely does rely on spikes......
I need to weighted the market conditions before I take a trade....in a range I will trade the range, in a trend I will trade the trend, if the trend shows me weakens I will be looking for a reversal.....I occasionally trade spikes and when I do always in light of the market conditions.....if she is in a range I will be looking to fade her....If I feel she just broke out and a new trend is due I will be looking for and H1 or an H2 at the average.
And when neither of the above conditions are present or is not clear my best trade is to stay on the side.
All the best for the day.
trading is simple but is simple is not easy.
(little cynical)
