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.
12-5-06
GBPUSD
The GBPUSD long trade on a pullback to 1.9802 never happened on Sunday, since the GBPUSD opened at 1.9785 on my platform. The vertical movement has stopped for the time being and the GBPUSD is trading in a range between 1.9734 and 1.9814. I am going to wait until the range is extended lower to the 1.9690 breakout to enter a long. My first target will be 1.9755 an the second target will be 1.9814.
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Forex Trading Based on Supply and Demand
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3:21 AM
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