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.
1-17-07
GBPUSD
The GBPUSD sold off yesterday when it reached 1.9700. The trailing stop at 1.9570 was not touched. Move the stop loss up to 1.9598 on the remaining position. The dollar currencies are setting up for rallies.
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Forex Trading Based on Supply and Demand
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12:13 AM
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