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.
11-22-06
GBPUSD
The GBPUSD rally continues without any pullbacks to our trailing stop. Move the stop loss on the position to 1.8969. If the GBPUSD can rally past the 1.9026 area of supply, sell one contract and move the stop loss to 1.9020 on the last one.
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Forex Trading Based on Supply and Demand
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1:49 AM
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