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.
2-7-07
USDCHF
The USDCHF bounced at 1.2426 yesterday for 20 pips, but not enough to enter the short at 1.2475. There is now resistance at 1.2436.
I am going to pass on the breakout long trade at 1.2420 since the resistance is 16 pips away. I will wait a day for the range to open up.
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Forex Trading Based on Supply and Demand
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2:12 AM
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