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.
1-11-07
GBPUSD
A short trade was entered yesterday at 1.9412 in the GBPUSD which was the top of the range for yesterday. The position was closed at 1.9366 which was the bottom of the range I was looking for yesterday. The GBPUSD extended the range to a low of 1.9320. Today, I will trade the GBPUSD long on a pullback to 1.9327, and short at 1.9400.
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Forex Trading Based on Supply and Demand
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12:23 AM
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