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.
12-28-06
USDCHF
There was a short trade mentioned at 1.2220 in yesterday's email that was a 10 pip loser. The long trade near 1.2145 was never reached.The USDCHF pushed past the area of supply at 1.2220, and has made a trading range between 1.2245 and 1.2266. If it sells off, it should bounce at 1.2233 and 1.2196. I would trade the 1.2266 to 1.2196 range for today.
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Forex Trading Based on Supply and Demand
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1:39 AM
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