First week of the New Year

Discussion in 'Forex Trading' started by bort69, Dec 20, 2006.

  1. bort69

    bort69

    I have a system that I have been trading for a few months. The entries are a certain distance from the Asian market open on a Tuesday on the GBPUSD. I generally don't trade through holiday periods but was wondering if the start of the New Year was a ok time to get back in.

    Does anyone find that the first week of the year has any different behavior?

    Alternatively does anyone find that the day after a long weekend or a public holiday exhibits any different price behavior to normal?

    Do holiday periods track sideways due to many participants not trading?
     
  2. nik1033

    nik1033

    Stats for the first week:

    2001-sideways
    2002- down
    2003- sideways
    2004-up
    2005-down
    2006-up

    Lets say due to many participants are not trading that time the market is very thin & can push you anywhere

    GL & GT
     
  3. 2007 - Down. :D
     
  4. :D