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.
2-16-07
GBPUSD
The GBPUSD bounced up from the long entry at 1.9558 yesterday, to a high of 1.9611, and then sold off to a low of 1.9500. I will trade the 1.9475 to 1.9561 range for today.
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Forex Trading Based on Supply and Demand
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1:03 AM
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