Shortened week

December 23rd, 2008 by Trader Tony Leave a reply »

A general though is, that it is almost impossible to trade during the Holidays.

At the same time the most important thing we learned in 2008 is that every rule has its exceptions. The same thing is with trading during shortened week.

For most traders it is a problematic environment to trade because of the lack of volatility, as most  market participants are taking this week off to spend more time with the family, relatives, etc.

The same thing happened this year, still the markets were quite tradable. Especially for those, who were patient enough to wait for a setup and had a game plan in mind. Here is a chart with possible setups:

scauth

You just needed to follow the trend.

As the saying goes: Don’t hate the Game, hate the Player.

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