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.
2-21-07
USDJPY
If you are still long from the 119.00 entry, trail your stop loss to 1.1995. Do not short 1.2071 since there is now an area of demand at 1.2040. The next target for a short trade is 1.2100 which is the top of the weekly range.
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Forex Trading Based on Supply and Demand
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2:33 AM
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