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.
1-19-07
USDJPY
The USDJPY is basing near the 1.2125 area today. I am going to close the position here for the weekend. The high yesterday was 1.2157. The moving average is at 1.2125 which is the price I am closing the trade at.
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Forex Trading Based on Supply and Demand
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12:44 AM
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