Hello everyone,

As you know today Monday 28th of May is Bank Holiday in England and USA. One my Golden Rules of Trading is to not trade on these dates. Let me explain you why: most of the large institutional traders (you know, fund managers working for the leading investment banks) are taking the day off. Volume is extremely thin in the markets and all those lovely levels of support/resistance I base my trading strategy on will be very vulnerable because there is no-one in the market to defend them. Therefore, markets will be prone to range-bound conditions with occasional chaotic spikes out of the blue piercing those levels of S/R. Certainly not the type of scenario I want to get involved with.

The best thing any sensible trader could do today is to close their trading station and head out for a blissful walk in the park, and that’s exactly what I intend to do!

See you tomorrow guys!


-HECTOR-