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
USDJPY
The USDJPY pulled back to the 1.2110 area on Friday morning and then moved higher for the rest of the day. It never reached the 1.2187 area for the short trade. Use a sell stop at 1.2186 to enter the short trade once the USDJPY trades above 1.2195. The first target is 1.2150. Move the stop loss to entry once the first target is reached.
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Forex Trading Based on Supply and Demand
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8:33 AM
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