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
USDJPY
The long trade from 1.1900 was closed at the target of 1.2100 and a short trade was entered and stopped out for a 10 pip loss yesterday. I will buy the first pullback to 1.2100 with a first target of 1.2235 and a second target of 1.2262.
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Forex Trading Based on Supply and Demand
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3:13 AM
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