Thanksgiving Trading! | Forex Factory

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Thanksgiving Trading!

  • #1
  • First Post: Nov 18, 2007 4:43pm Nov 18, 2007 4:43pm
How do my fellow traders plan on trading this week?
  • #2
  • Nov 18, 2007 4:47pm Nov 18, 2007 4:47pm
The same as every other week
  • #3
  • Nov 19, 2007 11:57am Nov 19, 2007 11:57am
No charts for me this week.....I'll be cooking those pips!!!
  • #4
  • Nov 19, 2007 12:02pm Nov 19, 2007 12:02pm
I'll be barbecuing those bulls that were slaughtered.
Humble Lifetime Member
  • #5
  • Nov 19, 2007 12:48pm Nov 19, 2007 12:48pm
Quoting trader07
How do my fellow traders plan on trading this week?
It depends on price action/volatility
Trainee at UBS Investment Banking
  • #6
  • Nov 19, 2007 1:05pm Nov 19, 2007 1:05pm
thanks giving historically has provided some crazy moves, expect the unexpected :-)
  • #7
  • Nov 20, 2007 12:47am Nov 20, 2007 12:47am
I don't plan on being too far from my computer.
  • #8
  • Nov 20, 2007 1:30am Nov 20, 2007 1:30am
I plan on being far from the computer, collecting capital from relatives instead. It's a vicious cycle isn't it? Needing money to make money and all...
Never underestimate the powers of the Force.
  • #9
  • Nov 20, 2007 6:40am Nov 20, 2007 6:40am
I don't remember any major upset during thanksgiving week the last few years, but keep in mind this is a global market. It isn't the NYSE. Thanksgiving is a US only holiday, the actual US session may be slow on Thursday but I wouldn't alter your trading too much unless you simply need more time with family. Thats always worth it.

If anything watch out for a terrible Black Friday in the US economy or some other upset relating to the day after Thanksgiving.
The basis of a democratic state is liberty. ~ Aristotle
  • #10
  • Edited 7:11am Nov 20, 2007 6:47am | Edited 7:11am
Thanksgiving night, last year, starting at 16:00 E.T. GBPUSD took off like a bat out of hell and the move lasted through the end of the year. I have looked back in my trading diary and remember it clearly.

Markets can be moved more violently and more easily during these times, because there is far less liquidity, because there are less players.
  • #11
  • Nov 20, 2007 7:16am Nov 20, 2007 7:16am
Leading US economical indicator will be determinded the day after thanksgiving by judging the crowds (or lack of) of women gathered in front the stores two hours before they open so they can fight, claw and bite their way to 70% off shopping. If the parking lots are full, then the economy must be doing good, if they are empty FEAR AND PANIC WILL GRIP THE MARKETS, OH NO!!!!!

One should witness the behavoir of women shopping on this day, it is truely hiliarious and at the same time reafirms the fact that yes, women really are crazy.
Just Trade It
  • #12
  • Nov 21, 2007 11:02am Nov 21, 2007 11:02am
Quoting Big Wave Rider
Leading US economical indicator will be determinded the day after thanksgiving by judging the crowds (or lack of) of women gathered in front the stores two hours before they open so they can fight, claw and bite their way to 70% off shopping. If the parking lots are full, then the economy must be doing good, if they are empty FEAR AND PANIC WILL GRIP THE MARKETS, OH NO!!!!!

.
Would you say that was a Fundamental outlook or TA?
  • #13
  • Nov 21, 2007 12:35pm Nov 21, 2007 12:35pm
Quoting smjones
Thanksgiving night, last year, starting at 16:00 E.T. GBPUSD took off like a bat out of hell and the move lasted through the end of the year. I have looked back in my trading diary and remember it clearly.

Markets can be moved more violently and more easily during these times, because there is far less liquidity, because there are less players.
Boy, I remember it too! I was sitting long on both euro and sterling...still wet as I could be behind my ears (it's still pretty damp back there). Friggin' market went ballistic in the middle of the night- I watched my candles melting UP!

Next trade I said "Cool, let's do this again" and the markets said "Okay, sounds fun!"

In one week my little half-blown newbie $230 account was up to $4000!

But like I said, I was a newbie. Thought I could keep on doing the same thing (longing the pound) and I'd keep getting the same results. Couple weeks later I was back down to $200. der.....

did i mention my money management was horrendus?
Is your SL my TP?
  • #14
  • Nov 21, 2007 1:23pm Nov 21, 2007 1:23pm
I remember too leading up to last thanksgiving - made a few pips here a few pips there and thought - market is dead let me go and eat. The second I took my eye off the screen and laid it on the food and alcohol, well..... just look back and see.
Man who scratches ass should not bite fingernails
  • #15
  • Nov 21, 2007 9:25pm Nov 21, 2007 9:25pm
the best thankgiving gift america can do the world is intervene the currency, is causing pain on many many citizens pockets around the world where our cows goverments want to still be pegged to the dollar for diplomatic reasons.
so we the hard working citizens are suffering with inflation 'made with america deficit'. :surprised
  • #16
  • Nov 22, 2007 2:52am Nov 22, 2007 2:52am
Quoting Vensik
I don't remember any major upset during thanksgiving week the last few years, but keep in mind this is a global market. It isn't the NYSE. Thanksgiving is a US only holiday, the actual US session may be slow on Thursday but I wouldn't alter your trading too much unless you simply need more time with family. Thats always worth it.

If anything watch out for a terrible Black Friday in the US economy or some other upset relating to the day after Thanksgiving.
it might give you the unexpected so be careful.
  • #17
  • Nov 22, 2007 3:34am Nov 22, 2007 3:34am
here in Nigeria its going to be pips as usual.
i wish u guys in d US the best of the turkey festival.
  • #18
  • Nov 22, 2007 3:36am Nov 22, 2007 3:36am
Quoting ekeyi
here in Nigeria its going to be pips as usual.
i wish u guys in d US the best of the turkey festival.
Massive results come from massive action
  • #19
  • Nov 22, 2007 6:18am Nov 22, 2007 6:18am
I am butting around on Thanksgiving Day, no trading for me.
  • #20
  • Nov 22, 2007 2:35pm Nov 22, 2007 2:35pm
I dont know why I had to put my fingers on PC.Today I lost 8000$
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