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
GBPUSD
The GBPUSD is below the moving average this morning, so it looks like the selling will continue for today. The next area of demand for a long trade is 1.9488. I will trade long at 1.9488 and short at 1.9666.
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Forex Trading Based on Supply and Demand
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1:24 AM
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