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.
2-28-07
EURUSD
The EURUSD rallied to a high of 1.3257 yesterday and has sold off to a low of 1.3179 this morning. If you are still long from the 1.3080 entry, your stop should be at 1.3159. Let the market take you out of the trade.
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Forex Trading Based on Supply and Demand
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3:39 AM
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