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
GBPUSD
There was a long trade triggered yesterday morning in the GBPUSD on a pullback to the 1.9550 area. The high after entry was 1.9596. This morning, the GBPUSD has pulled back to the 1.9550 area and has bounced again. I am going to pass on trading the GBPUSD long since the 1.9550 area has been visited several times. Any rally will find sellers at 1.9610 and 1.9644.
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Forex Trading Based on Supply and Demand
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1:38 AM
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