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.
12-7-06
USDJPY
The short trade at 1.1550 was missed yesterday when the USDJPY ran out of gas at 1.1536. I hope we get another shot at it, but it is not looking like that will happen any time soon. I am not interested in a long trade since the area of support at 1.1450 has been tested twice already and there is a new breakdown supply area at 1.1500. You are welcome to trade that range today, but I will pass.
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Forex Trading Based on Supply and Demand
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1:10 AM
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