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
USDCHF
The USDCHF traded down to the area of demand at 1.2416 yesterday and has rallied back to the 1.2500 area of supply. It may be setting up for a breakout trade on the 180 chart. I will buy a pullback to 1.2486 if the USDCHF rallies up to 1.2550. I will not trade the breakout.
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Forex Trading Based on Supply and Demand
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12:11 AM
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