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.
1-5-07
USDJPY
The 1.1960 area of supply stopped the USDJPY and it has fallen to the 1.1800 area.
I would pass on the trading this pair long until the moving average catches up to the trading range, or short 1.1920 next time back to the area.
Posted by
Forex Trading Based on Supply and Demand
at
3:05 AM
No comments:
Post a Comment