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.
11-23-06
GBPUSD
The GBPUSD is basing between 1.9130 and 1.9150. If the GBPUSD rallies above 1.9150 and the 60 minute candle closes above 1.9150, move the stop loss on the last contract to 1.9131.
I would like to let this last contract from our entry at 1.8944 go as far as possible, so the stops are going to be wide going forward.
Have a nice Holiday,
Steve
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Forex Trading Based on Supply and Demand
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4:29 AM
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