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.
12-20-06
USDCHF
There was no short entry at 1.2237 yesterday in the USDCHF. Once the USDCHF slipped below the 1.2212 breakdown line, it kept falling all the way down to the third target of 1.2125. If it rallies up to the 1.2212 area, I will short it. I am not interested in any long trades for the time being.
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Forex Trading Based on Supply and Demand
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12:05 AM
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