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.
2-25-07
GBPUSD
The long entry at 1.9554 for GBPUSD was entered on Friday morning and the short entry at 1.9642 was entered on Friday afternoon. The short trade is still open. The first target for the short trade is 1.9520 to take a partial profit and move the stop loss to entry. The second target is 1.9600 to exit and go flat.
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Forex Trading Based on Supply and Demand
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1:09 PM
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