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.
3-6-07
EURUSD
There were no trades entered in the EURUSD yesterday. The EURUSD has bounced off the 1.3071 area of support for the third time and has rallied to a high of 1.3130 this morning. I will buy the first pullback to 1.3110 and reverse to a short at 1.3190.
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Forex Trading Based on Supply and Demand
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2:18 AM
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