Friday Trading Strategy (here's what to do!)

In this Bangkok Forex trading vlog, I will be sharing with you how to solve the day trader dilemma of trading or not on Fridays after a good trading week. Vlog #544

You’re having a positive week and now its Friday. A day trader’s dilemma. Do I go for it on Friday and risk locking in a profitable week? Don’t trade it? Or Keep it conservative? The worst feeling in the trader world is giving up weekly profits on Fridays and having it sit in your stomach all weekend while the markets are closed. What should you do?

Video Summary - Should You Trade Friday?
1. Take the day off, or just trade in the morning, and then work on your trader or personal development. Do your weekend wrap-up work or prepare your new support/resistance lines on Friday and enjoy the weekend with a clear head.

2. Reduce size. Trade your plan, but have a note in your plan that allows you to reduce the size so you can guarantee a good trading week will still be a good week – regardless of Friday’s trading.

3. Be more selective – perhaps take only your 5* setups, or just let the algo run and don’t trade discretionary trades. You have earned the right to be picky. Enjoy the moment.

4. Go for it. Some of the best weeks are those where you just let some trades run. Risk management never takes a day off, but extending your target’s on good runners can turn a good week into a monster week.

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My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.

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This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

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[ibrahimxalil]

Thank you Etienne for the video, many times it happened that I lost the profit of entire week on Fridays, so now I personally prefer to don’t take trades as much as I can on Fridays, just watch the market, and if I take any trade I try to don’t make risk more than 0.5%, thanks God now I’m doing better.

[nicovornicu]

It's funny I came across this video. It's like God is trying to give me the answer. Recently I have been debating with myself whether to trade Friday or not. I know that beginning and end of week is when market makers like to trap traders and also looking back in my journal, Mondays and Fridays is when I usually tend to have a bad days. I like the idea of reducing the size and being more selective especially if you already reached your weekly goal. Thanks for this video brother. Cheers

[changjoe]

There can be big moves every day of the week. But I try to avoid entering new trades by the last New York session of the week. Unless the market is reacting to something really surprising on Friday (e.g. failed OPEC negotiations) there's not going to be much happening.

[LukaszAdams]

I know one thing don't never ever trade us sesion on EU is ok but on US especialy in friday this is like guaranted Drawdown for my account.

[brucesmith]

Only taking the A grade set ups is the best advice in my book.

[damarcusadams]

Will the market start back where it left off?

[arun]

Not trading this month. Bored to the hell. Waiting for Navin's class tomorrow

[tradingwithtina]

Yes fridays I do think it’s better not to trade.

[sebastianchristian]

for swing traders its a bad idea trading on friday