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.
12-29-06
USDJPY
The USDJPY is still trading in the 1.1850 to 1.1900 range where it was trading at this time yesterday. Since it is basing close to the 1.1910 area of supply, I would pass on the short trade because the distance between the areas is too small. The range is contracting to 1.1865 and 1.1910 which is very hard to trade. If you trade that range, take profits quickly.
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Forex Trading Based on Supply and Demand
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1:03 AM
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