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.
12-29-06
EURUSD
Happy New Year.
The EURUSD continues to trade in the 1.3100 to 1.3200 range, and both the long trade at 1.3100 and the short trade at 1.3191 were entered and closed. I look for the EURUSD to trade between 1.3129 and 1.3220 for today's range.
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Forex Trading Based on Supply and Demand
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1:06 AM
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