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.
2-9-07
EURUSD
The EURUSD is struggling to get past the 1.3042 area of supply this morning. If it rallies past 1.3042, then the range I will trade is 1.3042 to 1.3100 for today. If the EURUSD sells off instead, I will trade the 1.2992 to 1.3040 range for today.
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Forex Trading Based on Supply and Demand
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1:23 AM
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