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
USDCHF
The USDCHF never made it to the 1.2518 area for a short trade yesterday. It sold off once it reached 1.2510. It found support at 1.2450. The range I will trade for today is 1.2475 up to 1.2518.
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Forex Trading Based on Supply and Demand
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1:25 AM
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