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.
3-27-07
EURUSD
There was no short trade in the EURUSD yesterday at 1.3314 and no long trade at 1.3245. I will buy the first pullback to 1.3333 today. I will sell part of the position at 1.3376 and trail the stop loss to 1.3349 once the first target is reached.
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Forex Trading Based on Supply and Demand
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1:54 AM
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