How Do You Trade On a US Holiday? | Forex Factory

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How Do You Trade On a US Holiday?

  • #1
  • First Post: May 27, 2007 10:06am May 27, 2007 10:06am
Tomorrow is a US holiday. How will this
affect your trading?
  • #2
  • May 27, 2007 10:12am May 27, 2007 10:12am
UK holiday too.

I don't trade. Simple as that. It's just me and my Henney...
Mr. Trend
  • #3
  • May 27, 2007 11:11am May 27, 2007 11:11am
Quoting winterwhite
Tomorrow is a US holiday. How will this
affect your trading?
You do NOT trade on Bank Holidays. Volume in the market is thin, meaning range-bound market conditions and weak levels of support/resistance.
  • #4
  • May 27, 2007 11:34am May 27, 2007 11:34am

not a holiday in europe and asia. US and UK doesn't matter

  • #5
  • May 27, 2007 11:38am May 27, 2007 11:38am
Asian session should still be decent, if I trade it will likely be during that time frame. It's not a holiday everywhere. :surprised
  • #6
  • May 27, 2007 4:00pm May 27, 2007 4:00pm
Generally a good idea is to ignore it, but set alarms to warn you of big data spikes which could offer some reverse action...
  • #7
  • May 27, 2007 6:49pm May 27, 2007 6:49pm
You dont trade on a holiday. period. is a holiday one should be with the family enjoying, relaxing and drinking some wine with the wife over diner....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #8
  • May 27, 2007 6:58pm May 27, 2007 6:58pm
news trading, the trend may just follow yesterday move, put it in the morning , let it flow till the next news, eg : holiday teroris hijack or oil refinery blow up
  • #9
  • May 27, 2007 7:13pm May 27, 2007 7:13pm
No Trading for me...as my bride and i are celebrating our 24th anniversary on Monday the 28th...and the honemoon is still on.

: ) Thom
  • #10
  • May 27, 2007 8:36pm May 27, 2007 8:36pm
No trade on holiday ... the shop is closed. Simple as that.
  • #11
  • May 27, 2007 9:20pm May 27, 2007 9:20pm
If you want to take a day off on a holiday, you just go ahead and take it. No active players in the market would care about it.

The question is what kind of strategy for active traders would be effective when one of the countries (US, UK, Euro, and Japan) is closed for a holiday.

For instance, when a price level is relatively high with less volume and no cues to build up your position, going short seems more effective, etc. Or maybe this doesn't work, as some other smart players try to overreach you.
  • #12
  • May 27, 2007 9:26pm May 27, 2007 9:26pm
Well, given that I trade on a somewhat larger timeframe ... if I get a signal I will certainly take it. Scalpers / daytraders may stay away from the markets, though, if the pair I am watching is going up ... gotta follow it.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #13
  • May 27, 2007 10:17pm May 27, 2007 10:17pm
We have a long weekend here - 3 days holidays

I go across to Germany and go short EUR/Rib Burgers at McDonalds. Seems McDonalds in Germany are the only place to get that. Anyone tried that ?

I know some of my British friends are going to short the GBP/French wine. They are going to get a good bargain across the Channel.

So UK or US holidays, one can still trade and probably enjoy oneself.

Happy holidays trading everyone
  • #14
  • May 28, 2007 12:29am May 28, 2007 12:29am
My intention here is not to prove you guys wrong. This took me 15 minutes to setup, but I hope it will be well worth it.

Look at the first chart of IBFX under the name, Now you dont.jpg. You will see 22nd December and next 26th December Tuesday. There was no price data for 25th December as it was a major holiday.

Look at the second chart called, now you see.jpg. It shows 25th December price data. You can clearly see that, somebody silently made a killing in the market by buying heavy lots of gbpusd and moving it up 163 pips and then took profit and brought the price back where it was the previous day. So, when price opened up on the 26th, everything looked normal.

My point is there are big players out there, probably based offshore, who make the most out of a silent market when competition is low.

Amazing huh?

Hope that helps!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: now u dont.jpg Size: 58 KB
Click to Enlarge Name: now u see.jpg Size: 58 KB
Bullish Attitude!
  • #15
  • May 28, 2007 1:37am May 28, 2007 1:37am
Is US and EURO under holiday today? When are they getting back to business?
  • #16
  • May 28, 2007 1:40am May 28, 2007 1:40am
Quoting marketsnipers
My intention here is not to prove you guys wrong. This took me 15 minutes to setup, but I hope it will be well worth it.

Look at the first chart of IBFX under the name, Now you dont.jpg. You will see 22nd December and next 26th December Tuesday. There was no price data for 25th December as it was a major holiday.

Look at the second chart called, now you see.jpg. It shows 25th December price data. You can clearly see that, somebody silently made a killing in the market by buying heavy lots of gbpusd and moving it up 163 pips and then took profit and brought the price back where it was the previous day. So, when price opened up on the 26th, everything looked normal.

My point is there are big players out there, probably based offshore, who make the most out of a silent market when competition is low.

Amazing huh?

Hope that helps!
With such low liquidity ... I wonder how the big player can make big profit.
Perhaps the price went up because of massive pre-christmas short covering.
  • #17
  • May 28, 2007 2:01am May 28, 2007 2:01am
And how do you explain its retrace back to the 22nd December price level?
Bullish Attitude!
  • #18
  • May 28, 2007 2:01am May 28, 2007 2:01am
US and UK. Tomorrow.
Bullish Attitude!
  • #19
  • May 28, 2007 7:53am May 28, 2007 7:53am
Amylase, What planet are you living in? Do you see a lot of market activity? No? Wonder why?
  • #20
  • Edited 12:01pm May 28, 2007 11:04am | Edited 12:01pm
Thanksgiving can also be one of the few exceptions for US holidays to trade. It can generally see some good moves. But if several markets are closed don't expect much.
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