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
USDCHF
The short trade from yesterday at 1.2440 was closed at even after the first target of 1.2400 was reached and the USDCHF rallied back to close the second half of the position. I will short the first time back to the 1.2483 area with a first target of 1.2450 and a second target of 1.2430.The US Dollar Index is in an area of weekly supply.
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Forex Trading Based on Supply and Demand
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12:21 AM
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