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.
2-21-07
GBPUSD
The GBPUSD has passed the 1.9460 area of resistance this morning. It sold off yesterday from 1.9460 to a low of 1.9430. The range I will trade for today is 1.9456 for a long to 1.9611 for a short.
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Forex Trading Based on Supply and Demand
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2:33 AM
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