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.
2-28-07
USDJPY
There was a long entry yesterday at 1.1900 in the USDJPY that rallied up to 1.1917 before reversing and stopping out at entry. The USDJPY sold off to a low of 1.1746 and has reversed this morning to a high of 1.1869. The range I will trade for the USDJPY is 1.1790 for a long and 1.2036 for a short which is the range on the 240 minute chart.
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Forex Trading Based on Supply and Demand
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3:41 AM
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