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.
12-6-06
GBPUSD
A long trade was entered yesterday at the 1.9690 area and it will be closed out if the GBPUSD closes below 1.9720. With the dollar in daily support, I will hold off on any long trades in the GBPUSD for a few days to see what kind of bounce the dollar gets.
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Forex Trading Based on Supply and Demand
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1:48 AM
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