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.
12-28-06
EURUSD
The EURUSD traded up to a high of 1.3178 yesterday morning, and last night it traded back down to the 1.3100 area. Since I am trading the 1.3100 to 1.3191 range, the long entry at 1.3100 has been entered and the first target is 1.3150. The second target is 1.3191 to reverse to a short. Trail your stop loss close in case the 1.3150 area is today's top of the range.
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Forex Trading Based on Supply and Demand
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1:37 AM
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