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.
2-4-07
EURUSD
The long trade from the 1.2923 entry was closed at 1.2991 on Friday. The 1.3050 area was resistance and should have been a reverse to a short trade. This 1.2957 area is acting as support. I will trade the 1.2923 to 1.3015 range early next week.
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Forex Trading Based on Supply and Demand
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6:28 AM
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