number of times you need to make this decision. If you open your trade on Thursday or Friday, theres a fair chance that it wont be played out before the Friday close. A trading journal should provide you with the possibility to add custom statistics on your trades (whether you just keep this in an Excel document or have trading journal software). You should back this up with your trading journal statistics! Optionally use indicators like ATR to help you decide how big your buffer should. Theres no one size fits all but we can, however, look at various factors that play a role why or why not you should close trades over the weekend.
When president Trump will release some new information on regulatory reform soon, it could be a good practice to close your USD-related pairs. The temporary fluctuations over a weekend will very likely not affect your position too much, so you keep your trades open. You might feel more at ease if you close them. The following scenarios show why. Since you have a rule in your trading plan to never keep trades open over the weekend, you decide to close the trade. On the other hand, if youre already up 1R, you might feel that you have enough buffer to take any potential weekend gaps that might arise. Access 100 companies like Amazon with spreads from 1pt on UK shares. Pre-defined and fully customizable layouts, integrated advanced charting tools with on-click dealing. Scenario two, on the other hand, consider this: EUR/USD is in an uptrend and youre riding the trend. How do you deal with open trades before the weekend? On Sunday, theres an unexpected announcement which is very positive for the. If youre already down.5R on the trade, it might not take much of a weekend gap to hit your stop loss.
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