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.
2-22-07
EURUSD
The long trade from 1.2967 was closed yesterday at 1.3119. Notice how the second time the EURUSD reaches the area of demand at 1.3097 in the screen shot below, it does not find any willing buyers. This is why I use buy stops whenever possible. I will trade the 1.3080 to 1.3124 range for today.
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Forex Trading Based on Supply and Demand
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3:09 AM
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