Holding forex over the weekend

Holding forex over the weekend

Trading The Weekend Gap In Forex. Gap trading is actually a very popular strategy. It can be fun and can get you an early jump on your weekly pip count. So the GAP tends to happen since the trading markets close on Friday afternoon but a lot can happen on the weekend Yes – forex trading is possible over the weekend. The most commonly used strategy is the weekend gap technique, which looks to profit from the change in price between when the market closes on a Friday and when it reopens on a Sunday  · In this case, as the trade is a long term trade where a trader is focused on a larger move in the market, in particular trend based trading then holding over the weekend is a part of the process. When entering a trend based trade all a trader wants to do is set the risk, set the management levels for taking partial profits and then let the trade run. Only a few options can happen; the trader takes a small loss or the trade meets management level 1 or 2 and then

Should I Hold My Trade Over The Weekend?

Another question that I have received at the website over the years is should I hold my trade or trades over the weekend? This is a great question and topic overall. In this article I will break down my answer to this question. Firstly, the best way of answering this question relates to what sort of trade it is that the trader is holding before considering whether to hold or exit their position.

These types of trades can be closed before the weekend close as the trader was only targeting a small amount of pips. This relates to longer term trades that were taken on the 4 hour or higher time frames where a trader is aiming for larger market moves in the market and where in some instances the trade needs to be held a couple of weeks or even a couple of months.

In this case, as the trade is a long term trade where a trader is focused on a larger move in the market, in particular trend based trading then holding over the weekend is a part of the process, holding forex over the weekend. When entering a trend based trade all a trader wants to do is set the risk, set the management levels for taking partial profits and then let the trade run.

Only a few options can happen; the trader takes a small loss or the trade meets management level 1 or 2 and then the market pulls back or the trade runs as expected and gives a strong move in the trend a longer term move.

Two of these options are profitable for a trader and the strong trend based move being the most profitable between the two.

So when it comes to confronting the weekend close, it is part of the process with these types of trades, there is no reason to avoid the weekend, instead prepare for possible outcomes which I will get to in a moment. Remember that following the process of an effective trading plan and strategy is the most important aspect of all forms of successful Forex Trading.

What I mean by preparing for the weekend is preparing for a possible price gap in the market that could affect a trade. With the first scenario, the best way of preparing for market moves in a trades favor is by doing nothing, just keep sticking to the strategy management process for that trade.

The second scenario is best managed by limiting risk and exposure, holding forex over the weekend. This helps protect the account from gaps or similar situations where it can lead to a potential loss. Remember, the average gap is quite small, so when holding a long term trade most of the time the trade will be able to handle this type of gap. This topic also relates to the importance of following an effective process in trading and sticking to discipline when holding a trade.

If holding forex over the weekend process says hold the trade until management phase 1 before taking partial profits on the position, then as a trader you need to follow your rules. This is very important. Just like if the trade does not go as expected, then you need to accept the loss that may happen. Above — Should I Hold My Trade Over the Weekend Video — A video made on this topic back in Holding forex over the weekend I am planning on doing an updated video on this topic very soon, however this video is still relevant to the topic that is covered in this article.

Now lastly before I finish up this topic, I wanted to highlight an exception to the rule when it comes to holding holding forex over the weekend a trader can consider.

One exception is when the trade is not moving much from entry for a few days of holding and market is still near the entry price whether a small amount in negative or a small amount in positive profit before weekend close.

These types of trades a trader can consider closing before weekend close and reassessing a new possible setup position after the market opens. Timon Weller is the professional trader behind the blog Forex Reviews as well as a teacher of Price Action Trading and creator of the popular training series teaching people how to trade Price Action effectively called The Engulfing Trader.

For other Forex Training available here at Forex Reviews click here. For more on Timon Weller Click Here. To learn more about how to trade the market and get updates click here. Thanks for answering it for me.

Just bought your engulfing trader series and I love holding forex over the weekend. Thanks Timon. I have always wondered how a trader might handle the possibility of reversal overnight in a trade taken on the daily chart after the New York close.

Thanks for any insight and all the great teaching tools you offer. I was a bit sceptical at first and had doubts, holding forex over the weekend. I eventually bought the engulfing trader series and all I can say is wow.

My risk has lowered and profit increased boosting my confidence to trade. Hey Wayne, Thanks for the feedback on The Engulfing Trader Training Series. Have a great rest of the trading week.

Thanks Timon, Please just want to know which time frame do you trade. I trade with daily time frame but the risk position is high, so how do I handle that. Thanks Emmy. Hey Emmy, Yeah, good question. I trade multiple time frames at the important areas, some common time frames that I trade at the important daily zones are the 4 hour and holding forex over the weekend hour time frame.

On the other hand scalping on 1M, 5M is also too risky. I am Menzi from South Africa, and I am following your trainings, [You are my mentor]. More Reviews. The Engulfing Trader is a training series which teaches how to identify and trade high probability zones in the Forex market. For more information on The Engulfing Trader, click here. The 5 Day Trend Training Series The 5 Day Trend Training Series is a training series which teaches how to identify and trade the trend on multiple time frames with what I refer to as trend evidence.

To find out more on this training series, click here. Brokers Products Forex Tester 3 is an easy to use Backtesting Program that allows a trader to test a Forex Strategy or Method over years of history within a few hours.

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Should I Hold My Trade Over The Weekend? January 27, by Timon Weller 9 Comments. If so, that is great,…. Filed Under: Forex FAQ. About Timon Weller Timon Weller is the professional trader behind the blog Forex Reviews as well as a teacher of Price Action Trading and creator of the popular training series teaching people how to trade Price Action effectively called The Engulfing Trader.

February 22, at pm. Timon Weller says:. February 24, at am. Steve says:. February 27, at am. May 22, at am. Wayne Lawrence says:. July 27, at am. thanks Timon. July 29, at am. John Faith says:. October 5, at pm. Menzi Ndlela says:. November 5, at pm. Looking forward to hear from you. Recent Forex Outlook and Reviews Weekly Forex Review — 12th to the 16th of October. Weekly Forex Review — What is Happening in the Market? Recent Posts Global Stock Market Indexes Are Crashing How to Add a Price Label to a Horizontal Line in MT4 Video Unemployment Rises in Australia to 5.

The Engulfing Trader The Engulfing Trader is a training series which teaches how to identify and trade high probability zones in the Forex market. Products Forex Tester 3 is an easy to use Backtesting Program that allows a trader to test a Forex Strategy or Method over years of history within a few hours. Clear and informative, just like all your videos. Connect Follow forexdotinfo, holding forex over the weekend.

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Should You Hold Forex Trades Over The Weekend?

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Should I Hold Trades Over The Weekend? • Forex4noobs

 · Home» Trading Blog» Grkfx forex factory» Holding Trading Positions Over The Weekend. Originally posted at forexfactory on Oct 10, Also if people make a trade on friday and do not plan to hold position over weekend, when do you close and what paramaters do you have on friday trading ie, buy before a certain time on friday and 4,5/5(4) Trading The Weekend Gap In Forex. Gap trading is actually a very popular strategy. It can be fun and can get you an early jump on your weekly pip count. So the GAP tends to happen since the trading markets close on Friday afternoon but a lot can happen on the weekend Yes – forex trading is possible over the weekend. The most commonly used strategy is the weekend gap technique, which looks to profit from the change in price between when the market closes on a Friday and when it reopens on a Sunday