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.
1-14-07
USDJPY
The short trade in the USDJPY at 1.2060 from Thursday is still live. The first profit target of 1.2030 was reached and the stop loss is at entry since the USDJPY has found support above 1.2025. If the USDJPY trades below 1.2000, move the stop loss to 1.2036.
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Forex Trading Based on Supply and Demand
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7:18 AM
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