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.
1-23-07
GBPUSD
The GBPUSD broke out above 1.9760 yesterday, and a pullback to 1.9760 long trade was entered. The first target of 1.9800 has not been reached. I will trail the stop loss by 20 pips once the first target is reached.
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Forex Trading Based on Supply and Demand
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12:43 AM
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