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.
12-12-06
GBPUSD
There was no trade recommendation for the GBPUSD in the last email. I would buy a pullback to the 1.9600 breakout area using a buy stop once the GBPUSD trades below 1.9600 and reverses higher. My stop loss will be 10 pips after entry and the first target will be 1.9645 followed by 1.9670.
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Forex Trading Based on Supply and Demand
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1:09 AM
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