Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Reminder: Monday, May 28th US holiday

Recommended Posts

This is why tomorrow is not a bad idea to take half the day off or even take the whole day off just in case you've had a good week.

 

I believe it's always dangerous to trade on the Friday before a Monday Holiday.

 

IS

Share this post


Link to post
Share on other sites
This is why tomorrow is not a bad idea to take half the day off or even take the whole day off just in case you've had a good week.

 

I believe it's always dangerous to trade on the Friday before a Monday Holiday.

 

IS

 

A common misconception. There's always a reason to create to not trade - no Mondays, Fridays, week of holiday, week before holiday, summer, spring, winter, fall, full moons, half moons...

 

Point being that to take a day off simply b/c of some idea is not a good idea in my opinion. I've actually found that some of these days can provide quick and easy moves since many traders take the same approach. It doesn't take much to push something around.

 

Now, if your research has shown that in the way you trade that certain day(s) of the week and/or certain days revolving around certain event(s), then by all means take it off. If you are just repeating what so many other retail traders have been taught, I would suggest doing your own research.

 

Of course this Fri could very well end up being a flat/boring day, but you won't know unless you are there. It could also be a volatile day like today. Nobody out there knows. You could argue that with Monday being closed, many traders will be opening/closing positions for the long weekend. You could argue that many traders will be at home sleeping, so stay away. Or maybe that's a reason to be here... food for thought.

 

I understand that this type of information is all over the web and taught to newbies in books, magazines, etc. But unless the volume is zero, you know there's some persons there trading. And money to be made.

Share this post


Link to post
Share on other sites

Friday 25 we have April Existing Home Sales at 10:00 am NYT so I would expect some momentum arround the news.... maybe after that we go and take a siesta... cheers Walter.

Share this post


Link to post
Share on other sites
A common misconception. There's always a reason to create to not trade - no Mondays, Fridays, week of holiday, week before holiday, summer, spring, winter, fall, full moons, half moons...

 

Point being that to take a day off simply b/c of some idea is not a good idea in my opinion. I've actually found that some of these days can provide quick and easy moves since many traders take the same approach. It doesn't take much to push something around.

 

Now, if your research has shown that in the way you trade that certain day(s) of the week and/or certain days revolving around certain event(s), then by all means take it off. If you are just repeating what so many other retail traders have been taught, I would suggest doing your own research.

 

Of course this Fri could very well end up being a flat/boring day, but you won't know unless you are there. It could also be a volatile day like today. Nobody out there knows. You could argue that with Monday being closed, many traders will be opening/closing positions for the long weekend. You could argue that many traders will be at home sleeping, so stay away. Or maybe that's a reason to be here... food for thought.

 

I understand that this type of information is all over the web and taught to newbies in books, magazines, etc. But unless the volume is zero, you know there's some persons there trading. And money to be made.

 

Thanks for spending time to post a reply.

 

If you read my post carefully, I specified that it wouldn't be a bad idea to take a long weekend just in case you've had a good week.

 

I know a few institutional traders who work in London and they will be taking the afternoon off. Same as many American traders.

 

I don't care what retail traders do, honestly. And I don't remember reading this stuff in books. I was told by professional institutional traders.

 

Let's just say that I like to be around when the pros are around, as simple as that. If you think trading thin markets may create opportunities, good for you. I rather not take any chance.

 

I am not afraid to miss any good moves simply because markets will be there tomorrow. One good trade won't make a difference in my P&L, I am not that desperate yet.

 

IS

Share this post


Link to post
Share on other sites

IS - so to clarify, you recommend that if you have a good week, walk away on Friday before a holiday. What about if you had a bad week? Should you try to get it back on a day when the institutions are supposedly not there?

 

That seems backwards to me - if you had a good week, walk away. If you had a bad week, try getting it back on the day when the institutions are not there. I ask b/c you said nothing about having a bad week.

 

My point being that many retail traders do that exact thing - walk away when they made some money and try to get it all back on Fri when it's been a hard week. I would argue that just the OPPOSITE should be done - consider walking away if you find yourself in a rut on a Friday and consider taking some trades on a Fri if you are up for the week.

 

Case in point - the ES chugged along this morning till the 10am news release. Then we got a nice pop up. I enjoyed being a part of that move and the fact that it was a Fri before a holiday had no bearing on the trade. The trade produced and the volume is fine - 440k at 10:50am EST is plenty of volume for me. Keep in mind that 'thin' volume is relative to the market being traded.

Share this post


Link to post
Share on other sites

First of all, I didn't recommend anyone to not trade today. I will never recommend anyone on a public forum, I am not the type of person to make those calls.

 

I said it wouldn't be a bad idea just in case you are having a good week, which means you've reached your weekly goals or possibly exceeded them.

 

What if you're having a bad week? It depends on whether you want to close the week on a good note or postpone everything to next Tuesday.

 

I would personally monitor the markets and only trade high probability setups with half the size I normally use.

 

Don't forget that we've just had Existing Home Sales an hour ago and the decent popup was likely due to the news.

 

I'm curious to see what the afternoon session will produce.

 

As you can see, although I am not trading I am still watching the markets. I am very happy with my recent trading results and I just decided to give myself a long weekend as a little treat for my good trading.

 

Taking days off is one of the most regenerating things a daytrader can do.

 

No recommendation, just a personal belief.

 

Good trading

 

IS

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.