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.
2-22-07
USDCHF
The USDCHF reached a low of 1.2340 yesterday and a high of 1.2512 so no trades were entered. It has rallied past the 1.2517 area of supply. The range I will trade for today in the USDCHF is 1.2391 for a long and 1.2460 for a short.
Posted by
Forex Trading Based on Supply and Demand
at
3:12 AM
No comments:
Post a Comment