Most of those complaining about Monday are because they only operate breakout or follow signals from some Telegram channel. If they learned to read the price structure, Monday would be like any other day.
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Most of those complaining about Monday are because they only operate breakout or follow signals from some Telegram channel. If they learned to read the price structure, Monday would be like any other day.
Hey, good point about the GAP. I've never worked it that way. Do you just use technical analysis for that or do you also take into account any news from the weekend?
For me Monday is like the warm-up before the game. I don�t enter big trades, but if I see a clear entrance, I take it without fear. We have to be ready from the first minute, the market doesn�t wait.
The worst loss I had was on a Monday. GBP/USD went straight against me without looking back. Moraleja? Yes you can operate, but always with a plan and without overoptimism. The market does not know what day it is.
I operate every Monday and some of my best trades have gone out that day. The key is not to follow herd beliefs and be clear about your edge. If you have a clear advantage, what difference does it make if it is Monday, Wednesday or Friday?
Operating on Mondays should not be ruled out automatically if you understand the dynamics of the market on that day. Many times, what traders interpret as �leverage� actually is structural consolidation necessary after the weekly closure, where institutions reset positions, adjust their books and define areas of interest. This phase can offer valuable signals if you look patiently and do not enter impulsively. In many cases, Mondays offer early entries in the beginnings of weekly trends. Another advantage is that Mondays allow to operate with cool context. As the beginning of the week, it is possible to align the technical analysis with the economic calendar that is ahead. Thus, one can plan entries in key areas, anticipating the reaction of the price to upcoming fundamental events. That is why many swing traders can adjust the previous data to plant operations from 3 to 5 days based on structures that start that same day. Of course, one must also consider the limitations: Spreads tend to be broader, especially in the opening of Sydney and Tokyo. In addition, the volume of institutional market does not enter with force but even London or even New York.
Thank you for this comprehensive explanation, I just needed such a clear approach.
But then, is it not better to wait until Tuesday with more confirmations? I still have the doubt.
Excellent contribution, I'll apply it next week and see if I notice any difference.
And what if Monday there are important fundamentals? Does the same apply?