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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I have read on many sides that �Mondays should not be operated� because the market is slow, directionless or simply �not worth it.� But I also see that movements are usually quite technical and usable if you analyze it well. Is anyone else operating Mondays successfully or is it a waste of time? Is it myth or reality?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I personally only watch Mondays, set levels and prepare for what is coming. I have lost more than I have earned on Mondays out of anxiety, so I decided to leave them out of my plan. But I don�t think it�s an absolute rule, everyone should prove it for themselves.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
It's a myth. Last Monday I made myself +140 pips in EURJPY following a setback to 61.8%. Slow? Not at all. It's a question of knowing what you're looking for. If you come in waiting for a crazy NFP type, you're obviously going to get frustrated.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Look, if they don�t know how to operate in range, any day will be �bad� for you. The problem isn�t Monday, it�s you who don�t have a system that fits all conditions.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I've had brutal Mondays, but also Mondays that were a total trap. What I do now is reduce the size of my operations that day, so if I'm wrong I don't ruin the week.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Let's see if we understand each other... it's not that Monday is bad, it's that many brokers have wider spreads at the beginning of the week and the institutional volume starts later. That's why it costs more to validate a solid entry.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
The only Monday that interests me is the first Monday of the month: PMI, market sentiment and start the institutional cycle. The rest, pure noise for me. I prefer to put it strong on Tuesday with everything more defined.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
It depends a lot on the pair you operate. GBP/JPY on a Monday can give you 100 pips as if nothing, while USD/CHF crawls like a turtle. If you don't adapt your strategy to the expected volatility, any day will be "bad".
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
What a laugh those who say you shouldn't operate one day just because someone said it in a forum in 2008. Operating or not operating depends on the analysis, not the calendar. Yes, if you don't have discipline, better or open the chart.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I use Mondays to detect weekly opening imbalances. If there is a GAP or exaggerated reaction, I go into correction. The rest of the week I use it to follow the trend. Not everything is black or white, people.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
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.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Thank you for this comprehensive explanation, I just needed such a clear approach.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
But then, is it not better to wait until Tuesday with more confirmations? I still have the doubt.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Excellent contribution, I'll apply it next week and see if I notice any difference.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
And what if Monday there are important fundamentals? Does the same apply?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Great analysis, I rarely read something so structured and practical at the same time. Applause.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I still don't see it clearly, my system just doesn't respond well on Mondays, but thanks anyway.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I totally agree, I use Mondays just to position myself and it's been better than waiting for Tuesday.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
This sounds very nice in theory, but in practice on Mondays I get pulled out by stops more than any other day.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Thanks for the contribution, I needed another way to see Mondays, you gave me a good idea to adjust my weekly plan.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Good analysis, but remember that not all pairs react the same, some do not move that day.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Very useful. I love it when someone explains logically and without smoke. To continue studying.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
And don't you think Monday's low volume makes it too unpredictable?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I've already kept it for Sunday night, thank you very much.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Well, if it was that easy, they'd all operate on Mondays, wouldn't they?
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Thank you, you had to read something meaningful in this forum. Lately there are only empty threads.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
Interesting point, but I operate news and Mondays are usually dead for that. Still, good contribution.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I'm going to test him for a couple of weeks.
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Re: Why do everyone avoid operating on Mondays? Myth or reality?
I don't know, it sounds too academic to me. Have you really tried it with a serious account or is it pure backtest?