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.
11-29-06
USDJPY
The USDJPY is sitting on breakout support at 1.1569. If it reaches 1.1650, it is a short. Use a 10 pip stop loss and a first target of 1.1610 and a second target of 1.1570. Move the stop loss to even after the first target. If the USDJPY slips below 1.1564, move the stop loss to 1.1574 on the rest of the position.
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Forex Trading Based on Supply and Demand
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3:25 AM
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