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.
1-9-07
USDCHF
The USDCHF traded in a 1.2333 to 1.2404 range for today. If you entered a short trade at 1.2380 using a sell stop, you may have been able to make 40 pips. The bottom of the range at 1.2293 was never reached. The USDCHF may trade in the same range as yesterday for today.I will trade long at 1.2293 and short at 1.2440.
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Forex Trading Based on Supply and Demand
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11:55 PM
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