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.
1-1-07
EURUSD
The EURUSD had a fairly steady Friday, and it never reached the top or the bottom of the 1.3129 to 1.3120 range for an entry. I see the EURUSD trading in a range between 1.3180 and 1.3274 next week once the area of supply at 1.3220 is absorbed.
That will be the range I look to trade when trading resumes after the holidays.
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Forex Trading Based on Supply and Demand
at
2:46 PM
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