Best & Wrong Days for Trading Technical Analysis. Get HIGHEST Win Rate & MAX Profits (Forex, Gold XAUUSD)
- VasilyTrader
- 7 hours ago
- 4 min read
The secret to massive profits isn't just your strategy—it's your calendar.
Most traders are losing simply because they're trading on the wrong days.
In this article, you will learn about golden days when technical analysis is the most effective, and the days when it tends to provide false signals.
Learn a simple calendar trick I use to pinpoint when technical analysis will work best on Forex and Gold, and when it will likely burn your money.
US Banking Holidays
The first type of days that you should avoid and not trade at all are the days of US Banking Holidays.
Market volatility and liquidity drops significantly on Forex, Gold or any other markets these days.
It leads to:
very weak price movements,
consolidations,
false signals,
traps.
Because of these factors, technical analysis based strategies show a lower performance these days.
You can find the exact days of US banking holidays in any decent economic calendar.
Just set a filter by the USA.
I never trade US banking holidays and always take a day off during these days.
Banking Holidays of Other Countries
Banking holidays of different countries can be a reason to not trade particular trading instruments and assets.
For example, an official banking holiday in the UK is a red flag for trading any asset classes linked to the Pound Sterling, such as:
UK government bonds,
UK stocks,
the currency itself.
If you trade GBP forex pairs like GBPUSD, GBPJPY, GBPCAD; take a break during UK banking holidays and avoid trading them.
Again, to not miss a banking holiday in a particular country, use the economic calendar.
I filtered my economic calendar in a way that it alerts me about banking holidays of the countries whose currencies I trade.
FED Rate Decision
Another type of the days that you should not trade are the days of FED Rate Decision Announcements.
The days of Federal Reserve Rate Decision and FOMC press conference are very risky for trading.
Interest rates and the rhetoric of the Federal Reserve are the major factors for a global economy.
Market participants pay very close attention to the FED actions, for that reason, FED rate decision days are usually slow and full of traps ahead of the news and very volatile afterward.
That is how Gold XAUUSD price was acting during FOMC & Rate Decision day on an hourly time frame.
The market was very weak and indecisive ahead of the news and formed a huge high momentum candle immediately after a rate decision.
With such an extreme volatility, a likelihood of being stop hunted from the trade is always very high, that is why I recommend not trading such days.
Rate Decisions of Major Central Banks
The same logic will be applied to the asset classes of a particular country.
ECB rate decision and press conference will be a signal for you to not trade EURO related instruments this day and wait.
Proper setting of the economic calendar will help you to not miss a Rate Decision announcement of the Central Bank of any country.
High Impact Fundamental News
While Interest Rate Decisions are the most impactful news in the economic calendar, there are a lot of other news releases that may significantly affect the markets.
You can set the economic calendar to display such news. I am talking primarily about high impact US news like CPI or unemployment data.
But also high impact news of a particular country whose assets you trade.
Such news can create a big mess on different markets, sharply increasing the volatility.
What you should always remember is that such fundamental news are completely unpredictable and markets reactions to that can be completely irrational.
Therefore, even the best technical analysis setups and confirmation can easily fail with the release of such news.
That is why I always recommend to my students to not trade 3 hours before and 3 hours after such news releases, to make the market calm down and price in a new data.
So, though I trade during these days, my trading schedule is adjusted by this news.
Best Days for Trading
The best and golden days for trading technical analysis will be the days when there are no high impact news and banking holidays.
On a day with no major economic data, the market lacks a clear, fundamental reason to move in a specific direction. In this information vacuum, traders and algorithms fall back on what they can see: the price chart itself.
The collective focus shifts from why to move, to where the market is likely to go based on its recent behavior.
This creates a self-reinforcing feedback loop where market participants all look at the same levels and patterns, making them more likely to play out.
For example, there will be no high impact news releases on Monday this week and that will be a very good day to trade technical analysis.
Such days are rare, but they provide the most accurate trading setups.
I caught the biggest winners and the longest winning streaks in my trading career, trading these specific days.
Set Up a Calendar
Even the best trading strategies have the days to avoid.
The factors that I described in this article will help you to sort out bad trading days for trading forex and the days when your strategy will have the highest performance.
