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
USDJPY
There was a pullback to the 1.1840 area mentioned yesterday as the bottom of the range for a long trade entry. If you are long, the 1.1910 area is where I would sell and reverse to a short. The target is the 1.1855 area to go flat.
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Forex Trading Based on Supply and Demand
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1:40 AM
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