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
GBPUSD
On Sunday, the pullback to 1.8944 long trade was entered. The high since entry was 1.8986. It was also possible to enter this pullback trade
on Monday. Move the stop loss on the remaining position to 1.8942. and once the GBPUSD breaks past 1.8981, move the stop loss to 1.8955.
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Forex Trading Based on Supply and Demand
at
5:19 PM
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