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.
12-14-06
GBPUSD
The GBPUSD long trade from 12-12-06 was closed yesterday at 1.9694. The range I will trade for today is between 1.9600 and 1.9713. The top of the range has already been tested this morning, so I will have to wait for a test of the bottom of the range for my next GBPUSD trade.
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Forex Trading Based on Supply and Demand
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3:12 AM
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