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.
12-22-06
There was a short trade triggered in the USDCHF at 1.2203 on Thursday morning. The first target of 1.2150 was reached. If you trailed your stop tight, you may have been stopped out on the bounce to 1.2180 since I did not give specific targets past 1.2150. If you still are short, move your stop to 1.2180. The next target is 1.2117. Move the stop to 1.2151 after the 1.2117 target is reached.
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Forex Trading Based on Supply and Demand
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11:49 PM
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