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.
2-27-07
USDJPY
I am really upset I did not enter the short trade at 1.2160 in the USDJPY on Friday. The weekly area for a long trade is 1.1900. This is the second time back to 1.1900, so enter with a buy stop once the USDJPY trades below 1.1900 and reverses higher. The target is 1.2040 to reverse to a short.
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Forex Trading Based on Supply and Demand
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2:01 AM
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