Friday strategies: what do you do with the last day of the week?
Fridays compress a week of positioning into one session: profit-taking, stop-runs into the close and weekend risk reduction. The day's character differs enough to deserve its own plan.
What's your Friday?
- how you trade the morning versus the afternoon
- the weekend-risk reductions you make
- the Friday pattern you've come to expect
The weekend gaps guide covers the Friday-to-Sunday risk.
Background: Weekend gaps: why prices jump when the forex market reopens
Currencies stop trading on Friday evening, but the news doesn't. What happens to your positions and stops when the market reopens at a different price.
What is a weekend gap in forex?
A difference between Friday's closing price and the first price when the market reopens on Sunday, caused by news or events over the weekend.
Will my stop-loss protect me from a gap?
Not fully. A standard stop is triggered when the market reopens and fills at the first available price, which can be beyond the stop. Guaranteed stops, where offered, avoid this for a fee.
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