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.
3-25-07
EURUSD
There was a long trade entered on Friday at 1.3304 in the EURUSD that was sold at 1.3330 with a 10 pip trailing stop. I will buy the first pullback to 1.3245 and short the first pullback to 1.3314.
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Forex Trading Based on Supply and Demand
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9:46 AM
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