Good Friday trading - emergency question | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Just a fast question - Need help for an exam trading question 0 replies

Friday Afternoon Question - Creating sub-window labels 7 replies

Liquidity On "Good Friday" 3/21 5 replies

Good Friday NFP 60 replies

good friday 2 replies

Attachments: Good Friday trading - emergency question
Exit Attachments

Good Friday trading - emergency question

  • #1
  • First Post: Apr 17, 2014 3:34am Apr 17, 2014 3:34am
I know it's short notice, but does any of you know how the trading will go throughout this prolonged week-end?! I didn't find any info about market's working hours from 18.04 to 21.04...
Help
  • #2
  • Apr 17, 2014 3:43am Apr 17, 2014 3:43am
I know that on Good Friday futures market and spot metal market will be closed...
I also think spot Forex is gonna close sooner... but I'm not 100% sure, I've read a post or an article related to this the other day, but now I can't seem to find it...
Oh well, happy week-end
  • #3
  • Apr 17, 2014 4:01am Apr 17, 2014 4:01am
Quoting nence
I know it's short notice, but does any of you know how the trading will go throughout this prolonged week-end?! I didn't find any info about market's working hours from 18.04 to 21.04... Help
Its work as usual with forex. Thin markets can be quite good movers as well.
The road to pipland is arduous and fraught with challenge.
  • #4
  • Apr 17, 2014 4:47am Apr 17, 2014 4:47am
Wow, that was fast... :-) from now if you guys need a quick answer just add the Emergency word in the title of your thread.. hahah Seriously, Thanks!
  • #5
  • Apr 17, 2014 4:58am Apr 17, 2014 4:58am
Quoting nence
Wow, that was fast... :-) from now if you guys need a quick answer just add the Emergency word in the title of your thread.. hahah Seriously, Thanks!
No probs. I generally find thin markets not dissimilar to the regular moves (others may disagree) and there can be substantial shifts on occasions. Just be careful however and trade prudently (which you should routinely do.)
The road to pipland is arduous and fraught with challenge.
  • #6
  • Apr 17, 2014 12:15pm Apr 17, 2014 12:15pm
Here's my broker's hours (IC Markets)
Attached Image
  • #7
  • Apr 17, 2014 3:31pm Apr 17, 2014 3:31pm
Note that EUR, CHF, GBP and CAD banks are all off work on Friday
  • #8
  • Apr 17, 2014 6:32pm Apr 17, 2014 6:32pm
I would stay away from thin markets the next few days. The volatility created is going to be from a lack of liquidity in the markets during Easter weekend.
  • #9
  • Apr 17, 2014 6:44pm Apr 17, 2014 6:44pm
If volatility becomes the issue, I would enter risk-free opportunities and play the odds.

I find curious how some people embrace volatility, while others are afraid of it.
  • #10
  • Edited 10:07pm Apr 17, 2014 9:53pm | Edited 10:07pm
Volatility isnt the issue, price change is needed to be able to profit from. Supplying liquidity to your retail broker during an illiquid period is. A sustained price movement towards profit requires others to buy higher or sell lower than your entry, (supppying liquidity). If thise traders are absent, price is more susceptible to move in an increased matter of unpredictably.

'Risk-free opportunities and play the odds' doesn't make much sense when trading holidays like Easter weekend.
  • #11
  • Apr 17, 2014 10:17pm Apr 17, 2014 10:17pm
Quoting nence
I know it's short notice, but does any of you know how the trading will go throughout this prolonged week-end?! I didn't find any info about market's working hours from 18.04 to 21.04... Help
FX is decentralized so if there's someone willing to take on a trade, market is open. In your case, its if your broker is open or not. Like heading in to news, liquidity suppliers will pull orders ahead of a long weekend, esp when there's greater potential for risk (ex; Russia/Ukraine). Banks in countries that observe Easter are usually closed.
  • #12
  • Edited 2:23am Apr 18, 2014 1:54am | Edited 2:23am
Bottom line would be... Let's take a well deserved day-off... I'm going for a picnic, hope you guys have a great weekend!!!
  • #13
  • Last Post: Edited 6:01pm Apr 20, 2014 5:43pm | Edited 6:01pm
Yep, take the day off and relax. No catalysts nor the liquidity to trade.

NzdUsd, Oanda min/max spread is 5/19pips (down to 3/10pips shortly after). 30pip rally and retrace for no reason. very illiquid market today. Latent offers at 0.8600 were hit to cap price, but the spread is way too high.


Quoting EmeraldEyes
I would stay away from thin markets the next few days. The volatility created is going to be from a lack of liquidity in the markets during Easter weekend.
Attached Image
0 traders viewing now