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.
12-14-06
USDJPY
There was no long trade in the USDJPY at 1.1705 yesterday since the low after the test of the area of supply at 1.1740 was only 1.1710. I am waiting for a test of 1.1780 to enter a short trade. The USDJPY is in an area of weekly and daily supply. There could be a sharp sell off in the USDJPY at any time.
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Forex Trading Based on Supply and Demand
at
3:14 AM
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