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.
1-10-07
GBPUSD
The GBPUSD had a failed breakout above 1.9429 yesterday so the pullback to 1.9429 trade was a 10 pip loser. This morning, the GBPUSD has extended the bottom of the range to 1.9339. I will trade the 1.9366 to 1.9413 range for today.
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Forex Trading Based on Supply and Demand
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12:05 AM
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