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.
2-8-07
EURUSD
The EURUSD long trade from 1.2923 was closed at the trailing stop at 1.2971 this morning. The area of supply at 1.3015 turned the EURUSD down toward the 1.2967 area of support. I would be interested in trading long near 1.2950 and short near 1.3015 as a trading range for today.
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Forex Trading Based on Supply and Demand
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4:26 AM
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