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.
1-16-07
EURUSD
The second target of 1.2957 has been reached on the EURUSD long trade. This happened yesterday, and today, the price has returned to this area. The stop loss should be moved to 1.2925 on the remaining position. If the EURUSD can rally past 1.2957, we will move the stop to 1.2934.
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Forex Trading Based on Supply and Demand
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1:48 AM
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