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.
1-29-07
EURUSD
The EURUSD is sitting above weekly support at 1.2850 for the fourth week in a row. I will trade long if the EURUSD extends the range down to 1.2850. The range I will trade is 1.2850 to 1.2970. I will short 1.2970 the first time back to that price level.
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Forex Trading Based on Supply and Demand
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12:23 AM
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