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.
3-13-07
EURUSD
There was a long entry in the EURUSD at 1.3115 on Monday morning. The first target was reached at 1.3150. The short trade entry at 1.3150 was not entered on Sunday since the high on Sunday was only 1.3141 before the sell off to the 1.3110 area. If you are still long from the 1.3115 entry, move your stop to 1.3155.
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Forex Trading Based on Supply and Demand
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3:19 AM
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