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.
12-21-06
USDCHF
No short trade at 1.2206 on Wednesday. Looks like the USDCHF is already running out of gas at 1.2188. It should bounce at 1.2150.
If it does rally up to 1.2206, I will still take the short with a first target of 1.2150. Use tight stops in case there is another bounce at 83.33 in the US Dollar Index or a big bounce in the USDCHF at 1.2150.
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Forex Trading Based on Supply and Demand
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4:35 PM
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