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.
12-27-06
USDJPY
There was no trade recommendation in the USDJPY on Sunday, but I did mention the 1.1925 area of supply. That is where the USDJPY ran out of gas yesterday afternoon. The range I would trade is 1.1840 for a long and 1.1910 for a short for the rest of today. Reverse the position at both targets.
Posted by
Forex Trading Based on Supply and Demand
at
1:42 AM
No comments:
Post a Comment