USDJPY 1-17-07
1-17-07
USDJPY
The USDJPY managed to rally past the 1.2060 area of supply but the 1.2083 area slowed down the advance. The 1.2050 area should be support on a pullback.
Wednesday, January 17, 2007
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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.
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About Me
- Forex Trading Based on Supply and Demand
- Chicago, Illinois, United States
4 STAGES CHART
Who Am I ?
Welcome,
Let's start the new blog with a few pieces of information about what I am trying to accomplish. I have a paid email alert service which I send to various forex FCM's for there use in their trading. This service uses the analysis of supply and demand in the currency markets to find areas where high odds, low risk trades exist. This is a totally different approach from any other type of trading out there.
My goal is to make you a constantly profitable trader, not a forex millionaire by next week. My style of trading works in any market and can be applied to stocks, bonds, futures as well because I focus on supply and demand which is the study of price itself. All will be explained as time goes on if you wish to follow along.
In the paid version of my email alert service, I include pictures of charts to visualize the areas of supply and demand that I intend to trade at in the future.
I have included a picture of the 4 stages of the market chart and a couple of the 60 and 240 minute EURUSD charts above as examples of how I explain where the areas a trader needs to be aware of are. Most everyone finds this information useful and makes similar notations on their charts.
This blog will only have my trade recommendations for the 4 pairs that I send to the FCM's for you to follow. If you are interested in the paid version for the individual trader and the other services such as live chat, webcam conferences, updated email alerts for trailing stop losses, as well as trading tips to improve your trading results, you can send an email to smisic1@gmail.com for more information.
Feel free to ask any questions at any time on any markets you are trading for areas of supply and demand in those markets.
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