forex-scalping.com

By late Friday, many institutions and retail traders reduce exposure before the weekend, and that changes how price behaves. Moves can be sharp but meaningless, as positions are closed rather than opened with conviction. Liquidity thins out, spreads can widen, and the clean structure you saw earlier in the week often deteriorates into choppy overlapping candles. In my own records, setups taken after about two hours before the New York close had a noticeably worse follow through than those taken earlier in the day. I now set a cutoff: no new entries after a defined time on Friday, and any open trade is either closed or has its stop moved to protect against gap risk. I also avoid holding positions over the weekend unless the setup is a deliberate swing with reduced size, because weekend gaps can jump past a stop and cause losses larger than planned. If you do not have a Friday rule, try checking your results by weekday and hour. Often the pattern is obvious, and the fix is just not trading the weak window.

Agreed, Friday afternoon is often messy. From an Asian perspective, Friday evening Hong Kong time is the London afternoon, and I usually stop trading by then. The weekly close often brings sharp moves that are more about position squaring than structure. Setting a cutoff time helps avoid giving back the week's gains.