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.
1-12-07
USDJPY
There was a short trade entered in the USDJPY at 1.2055 yesterday morning that was closed at 1.2035. I have re-entered the short trade this morning at 1.2060. I will take a partial profit at 1.2030 and trail the stop in case the 1.2030 area acts as support again. If the 1.2030 area breaks, the second target is 1.1995. Trail the stop by 20 pips once the second target is reached.
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Forex Trading Based on Supply and Demand
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2:21 AM
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