risk free trading on fridays | Forex Factory

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risk free trading on fridays

  • #1
  • First Post: Jun 24, 2007 3:15am Jun 24, 2007 3:15am
...I found by trading on friday before and after news releases I able to capture pips, at least 20 to 60 consistently. I am willing to only trade on this day, since I end up giving back to the market during the week. Trading this day means that I have to wait friday to friday to trade, and that will take discipline...
  • #2
  • Jun 24, 2007 3:23am Jun 24, 2007 3:23am
May work, but sorry to say there is no such thing as risk free trading never has been and never will be, so be careful.

If you could truely do risk free trading you could put all of your assets on the trade each week and be a billionaire in no time.
  • #3
  • Jun 24, 2007 6:27am Jun 24, 2007 6:27am
Are you sure you want to trade on fridays beyond noon (London time)? ever heard of institutional players' profit takings?

Becareful there, you're playing with fire...
  • #4
  • Jun 24, 2007 7:01am Jun 24, 2007 7:01am
Quoting WTB
Are you sure you want to trade on fridays beyond noon (London time)? ever heard of institutional players' profit takings?

Becareful there, you're playing with fire...
...are you referring to the rallies from 12 to 3, if so why not jump on board...
  • #5
  • Jun 24, 2007 1:45pm Jun 24, 2007 1:45pm
Quoting ANALEX
...are you referring to the rallies from 12 to 3, if so why not jump on board...
There is a difference b/w devising a plan based on the dynamics of a certain time/day(and trying to profit from it), and being naive to believe that this plan is risk free(which leads to many bad habits).
The second you click buy/sell your bankroll is at risk. Learn to manage this risk.

Instead of looking at something as risk free, figure out a trading plan(around your beliefs of the market) and what this plan could potentially offer you and use this knowledge to apply a conservative money mgmt plan.

Best of luck,
Mike
  • #6
  • Jun 24, 2007 5:57pm Jun 24, 2007 5:57pm
Quoting mbqb11
There is a difference b/w devising a plan based on the dynamics of a certain time/day(and trying to profit from it), and being naive to believe that this plan is risk free(which leads to many bad habits).
The second you click buy/sell your bankroll is at risk. Learn to manage this risk.

Instead of looking at something as risk free, figure out a trading plan(around your beliefs of the market) and what this plan could potentially offer you and use this knowledge to apply a conservative money mgmt plan.

Best of luck,
Mike
...risk free was the wrong idealology to use, positive expectancy is what I was aiming for, thanks...
  • #7
  • Jun 24, 2007 6:16pm Jun 24, 2007 6:16pm
Quoting ANALEX
positive expectancy
now were talking

Good Luck with it,
Mike
  • #8
  • Jun 24, 2007 7:10pm Jun 24, 2007 7:10pm
Quoting scorpion
May work, but sorry to say there is no such thing as risk free trading never has been and never will be, so be careful.

If you could truely do risk free trading you could put all of your assets on the trade each week and be a billionaire in no time.
It does exist... It's called arbitrage.
  • #9
  • Jun 25, 2007 4:05am Jun 25, 2007 4:05am
Quoting ANALEX
...are you referring to the rallies from 12 to 3, if so why not jump on board...
Because you don't know how, when on in which circumstances it's going to happen, and when it happens it does in fury. It's a little bit like messing with the news spike: you're playing with fire - you might get away with it once, twice, but the third time it's going to bite you in the ass.

I am not saying it aint possible, but in my opinion the risk is indeed higher that at any other regular market conditions.
  • #10
  • Dec 12, 2007 5:33pm Dec 12, 2007 5:33pm
Quoting dunningduke
It does exist... It's called arbitrage.
haha! funnny

you're right, though. such a bummer that it also is not very profitable compared to this highly leveraged madness we call Forex trading...
  • #11
  • Dec 12, 2007 5:34pm Dec 12, 2007 5:34pm
Quoting ANALEX
...I found by trading on friday before and after news releases I able to capture pips, at least 20 to 60 consistently. I am willing to only trade on this day, since I end up giving back to the market during the week. Trading this day means that I have to wait friday to friday to trade, and that will take discipline...
Are you focusing on a particular pair? A particular category of news? It would be nice of you to elaborate some, so we can opine on it
  • #12
  • Dec 14, 2007 7:49am Dec 14, 2007 7:49am
Quoting ANALEX
...I found by trading on friday before and after news releases I able to capture pips, at least 20 to 60 consistently. I am willing to only trade on this day, since I end up giving back to the market during the week. Trading this day means that I have to wait friday to friday to trade, and that will take discipline...
what are you basing this on? how did you come about this conclusion? what strategy are you adopting?
the pips made a monkey outta me
  • #13
  • Last Post: Dec 14, 2007 9:05am Dec 14, 2007 9:05am
What time do you trade on Fridays?

If it is the early hours of Friday, you can make some pips but if you are trading (maybe) afternoon...be very careful.

You may lose money.
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