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.
12-19-06
USDCHF
There was no trade recommendation yesterday in the USDCHF. The USDCHF traded in the 1.2193 to 1.2265 range yesterday after the area of supply at 1.2225 was absorbed. If it trades up to the 1.2237 area today, I will short the USDCHF with a 10 pip stop loss and a first target of 1.2193 and a second target of 1.2170. My third target is 1.2125.
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Forex Trading Based on Supply and Demand
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1:04 AM
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