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.
3-11-07
EURUSD
There was a long entry at 1.3100 on Friday morning that was stopped out at entry. The EURUSD never reached 1.3212 for a short entry.
The areas of supply and demand are close together. For Sunday, I plan to short the 1.3150 area and cover at 1.3115 if the EURUSD rallies above 1.3120 and a 60 minute candle closes above 1.3125. I will go long at 1.3115 with a first target of 1.3150.
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Forex Trading Based on Supply and Demand
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9:54 AM
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