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A LOT of chatter today about traders decision to take Mondays off...
My focus is primarily on EXPANSION days. These are what I view as high probability days bc they provide smooth and clear DIRECTION.
Mondays TYPICALLY present accumulation/ consolidation or Judas Swing of the weekly range (PO3)
Key word here: TYPICALLY
Therefore does this "No Monday" rule work 100% of the time? No🤯
The rule is there as a way to ensure I engage with price on the highest probability days for MY .
We all trade differently. There is no need to boast about being able to make money on a Monday.
Personally, I would rather take 1-3 setups a week
than be glued to my screen everyday on a 1min chart
Just do what works for you :)