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Holiday Week


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  #1 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
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How do you guys plan on handling trading this week? Will you trade every second the market
is open or take some time off because of lower volume?


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #3 (permalink)
 GFIs1 
investigating the steal
 
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tderrick View Post
How do you guys plan on handling trading this week? Will you trade every second the market
is open or take some time off because of lower volume?

Hi @tderrick

There are 2 types of US holiday weeks:

1) the one like this one - holiday Thursday - Friday normal
2) the holiday on Friday or Monday to prolong the weekend

My experience: On weeks with 1) there is a lot of volume - trading on every day (except holiday) brings $$$
on weeks with 2) the volume is going back - so NO trade BEFORE the holiday

Only my 2 cents

GFIs1

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  #4 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
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Thanks Received: 2,532

That makes complete sense, Thanks




GFIs1 View Post
Hi @tderrick

There are 2 types of US holiday weeks:

1) the one like this one - holiday Thursday - Friday normal
2) the holiday on Friday or Monday to prolong the weekend

My experience: On weeks with 1) there is a lot of volume - trading on every day (except holiday) brings $$$
on weeks with 2) the volume is going back - so NO trade BEFORE the holiday

Only my 2 cents

GFIs1



AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #5 (permalink)
 GFIs1 
investigating the steal
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 2,196 since Feb 2012


tderrick View Post
That makes complete sense, Thanks

..just to deepen the theme: I am using that rule for the german DAX future
as I know that in abscence of US trading - the same applies for the Dax.
This helped me a LOT to not jump into shallow water.
Plus it was great to get some free days more within a generally heavy
trading year.

Good trades
GFIs1

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  #6 (permalink)
 
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 Fadi 
Luxembourg
 
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I definitely agree with GFIs1
On top of that, I have also found that during these periods, support and resistance levels; moving averages, etc... work very accurately, and we rarely overshoot them.
Moreover, the general bias should be towards going long rather than shorting if you are to attempt intra-day plays nonetheless: As they say, it is difficult to short a dull market!

I usually open a very small position to the long side off good support, and let it run for several days throughout the holiday duration and hangover (pre/post...).

Successful people will do what unsuccessful people won't or can't do!
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Last Updated on July 1, 2013


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