May 11, 2012

Friday Day trading strategy; Sideways Ranges & Market personality earn +200ticks

 

This morning was a Friday, which means we have a specific day trading strategy that is tailored to trade at the end of the week.  Friday’s can be tough for new traders because there is less consistency in the volume or amount of traders in the market at any given time.  We see periods of high volume on a Friday, but those ‘windows of opportunity’ are fewer and further between on a Friday.

The first clue this morning was from the news, we knew that early morning news would get this day started early so we needed to be ready for anything.
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