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.
2-11-07
USDCHF
The USDCHF hit both ends of the 1.2474 to 1.2518 trading range on Friday. If you are long from 1.2475, use a 10 pip initial stop until the USDCHF reaches 1.2503, and a 20 pip trailing stop after that. The area of supply at 1.2536 is the next target.
Posted by
Forex Trading Based on Supply and Demand
at
8:32 AM
No comments:
Post a Comment