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.
11-28-06
USDJPY
The USDJPY looks like it is going to attempt to rally above the 1.1628 resistance area. If that happens, the areas of demand at 1.1630 is too close to the area of supply at 1.1650 for a short trade. Pass on trading this pair until the profit zone opens up.
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Forex Trading Based on Supply and Demand
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1:35 AM
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