My Trading is based on the laws of supply and demand. Everything about price is reflected in the price. Price moves between areas of supply and demand until the demand is absorbed and price moves lower or supply is absorbed and price moves higher. This blog is dedicated to the relationship of supply and demand and it's effects on price in the forex markets. Once supply and demand is learned, it can be used in any market.
11-21-06
EURUSD
Both long trades from yesterday's email were triggered. On Sunday, the EURUSD traded down to 1.2817 and then rallied to 1.2845.
On Monday, the EURUSD pulled back to 1.2830 and again rallied to a high of 1.2851. Today, the areas of supply and demand are between 1.2805 and 1.2830. I'll pass on trading today until the range widens.
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Forex Trading Based on Supply and Demand
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5:17 PM
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