Friday afternoon trading
I decided to see what a Friday afternoon trade would look like. If I was actually trading, I could've had a win but not sure if I would make this trade. It got a little dicey when the price started going back up and I moved my profit target from a R/R ratio of a 3 to a 2. It didn't hit on the first low point. I think I would've moved the stop loss to the 2 R/R if I was using NinjaTrader. However, it would've closed at the 3 R/R if I were more patient. The main point of this post - Why does no one trade in the afternoons? It seems like that is when everyone is filling/closing positions, typically with the daily trend, many times with higher volume.
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Lewis Springer
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Friday afternoon trading
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