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Friday Trading

  • #1
  • First Post: Dec 27, 2007 8:01pm Dec 27, 2007 8:01pm
Hi everyone, Just checked a thing in a system of mine, and 85% of Friday trades where losers, always heard to not trade Fridays, but after a full year of data tested, I don't have more doubts on that.

Anyone experiencing the same thing?
Logic will get you from A to B. Imagination will take you everywhere.
  • #2
  • Dec 27, 2007 8:27pm Dec 27, 2007 8:27pm
Nothing wrong with trading on fridays if you intend to keep your position open over the weekend.
'When the student is ready, the teacher will come'
  • #3
  • Dec 27, 2007 8:34pm Dec 27, 2007 8:34pm
yeah I think it depends on your system. After reviewing mine, Friday's were the same as any other day. Although I do hate the idea of keeping positions open over the weekend.
  • #4
  • Dec 27, 2007 9:04pm Dec 27, 2007 9:04pm
Well, I don't have a problem with letting a position open on a weekend, but only if it was open before Friday, 85% of the trades that I opened in a Friday are losers.
Logic will get you from A to B. Imagination will take you everywhere.
  • #5
  • Dec 27, 2007 9:18pm Dec 27, 2007 9:18pm
if 85% of Friday trades are losers, why not trade the opposite on Fridays?

Don't get me wrong, I have many times left positions open over the weekend, I just don't like it.
  • #6
  • Dec 27, 2007 9:27pm Dec 27, 2007 9:27pm
Quoting llambert3
if 85% of Friday trades are losers, why not trade the opposite on Fridays?

Don't get me wrong, I have many times left positions open over the weekend, I just don't like it.

haha i like your answer... trade oppsite on friday... if this can works n i had lose in forex, i might as well trade every day opposite of wat i intend to trade. who cares which day is it today... hahaha
  • #7
  • Dec 27, 2007 9:30pm Dec 27, 2007 9:30pm
Quoting Holypendant
haha i like your answer... trade oppsite on friday... if this can works n i had lose in forex, i might as well trade every day opposite of wat i intend to trade. who cares which day is it today... hahaha
ha ha.. well when I first started trading I thought the same thing. Problem is that I was losing 95% of the time because I hated seeing the drawdown so I closed early and took the loss. I traded too large as well. -200 on 1000 account hurt. LOL Now I know better.
  • #8
  • Dec 27, 2007 9:45pm Dec 27, 2007 9:45pm
Quoting llambert3
if 85% of Friday trades are losers, why not trade the opposite on Fridays?

Don't get me wrong, I have many times left positions open over the weekend, I just don't like it.
Nahh, I will just go on earlier vacation
Logic will get you from A to B. Imagination will take you everywhere.
  • #9
  • Dec 27, 2007 9:54pm Dec 27, 2007 9:54pm
Quoting Masmp_FX
Nahh, I will just go on earlier vacation
i understand but an 85% success rate (provided you trade opposite) is pretty good if you ask me.
  • #10
  • Dec 27, 2007 10:18pm Dec 27, 2007 10:18pm
Quoting llambert3
i understand but an 85% success rate (provided you trade opposite) is pretty good if you ask me.
Unfortunately, for you and for many others, it doesn't work like that:
Logic will get you from A to B. Imagination will take you everywhere.
  • #11
  • Dec 27, 2007 10:23pm Dec 27, 2007 10:23pm
Quoting llambert3
i understand but an 85% success rate (provided you trade opposite) is pretty good if you ask me.

Not trading Fridays, in a period of 6 months, puts something like 600 pips in my pocket, not bad
Logic will get you from A to B. Imagination will take you everywhere.
  • #12
  • Dec 27, 2007 10:33pm Dec 27, 2007 10:33pm
I say take the trade as long as it is within reason.... How many hours till the market closes?
What's been you track record this week? If I have had a good week and trades went well chances of it continuing are good.. Bad week usually results in bad Friday trades as well.

You should know by friday if it was a good week or bad, if bad or just break even forget about a Friday trade.

Hope this helps
M4X............ Hedging My Way To Profits!
  • #13
  • Last Post: Dec 31, 2007 6:05pm Dec 31, 2007 6:05pm
Quoting Masmp_FX
Hi everyone, Just checked a thing in a system of mine, and 85% of Friday trades where losers, always heard to not trade Fridays, but after a full year of data tested, I don't have more doubts on that.

Anyone experiencing the same thing?
To my experience fridays are the same as any other day of the week. Where did you hear not to trade on fridays, this is one of the so called urban legends. I admit there is a logic to it with the weekend coming but if you look at the charts look how many times a strong move takes place on fridays(naturally not every friday). In the stockmarket I have found some days of the week better than others but I can not say the same for the currency market. My notes go back to 2002.
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