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.
12-8-06
USDCHF
The trading range between 1.1915 and 1.1952 that I passed on trading yesterday in the USDCHF is a little wider today. The low was 1.1915 yesterday, and the top of the range was extended to 1.1972. I am going to pass on trading the USDCHF for the NFP report. I am still interested in shorting 1.2056 when the USDCHF trades up to it.
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Forex Trading Based on Supply and Demand
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3:00 AM
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