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.
1-10-07
USDJPY
The USDJPY traded in a range between 1.1880 and 1.1950 yesterday. If you shorted 1.1930, you were stopped out for a 10 pip loss. Once the USDJPY crosses above 1.1900, it based between 1.1917 and 1.1910 making the short trade a less than 2 to 1 risk to reward trade. Since the areas of supply and demand are close, I will pass on trading the USDJPY until the range opens up to between 1.1900 and 1.2000.
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Forex Trading Based on Supply and Demand
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12:06 AM
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