Why skipping the first London candle after a UK bank holiday can make sense

[FXS London Scalper]

On the morning after a UK bank holiday, sterling liquidity often comes back unevenly. There's a reasonable case for skipping the first London candle.

What tends to happen:

• Spreads at 08:00 can be wider than on a normal morning.
• The first move sometimes reverses, as orders that built up over the holiday get processed.
• Other markets traded the day before, so GBP pairs have to catch up with news.

A simple rule: no GBP entries until 08:15 London on the morning after a UK bank holiday. Put those dates into your calendar each January.

How to check whether it's useful for you: compare spreads at 08:00 and the first-hour range on post-holiday mornings with normal Tuesdays. There aren't many such mornings a year, so collect data from several years.

The cost of the rule is small: maybe a missed trade a few times a year. The benefit is avoiding one of the less predictable openings.

Does anyone trade differently after UK holidays?