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.
3-28-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3335. The high reached since entry is 1.3369, so no partial profit has been taken yet. I have moved the stop loss to 1.3345 to lock in 10 pips on the trade. If the EURUSD can rally past 1.3362, move the stop loss to 1.3355.
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Forex Trading Based on Supply and Demand
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1:04 AM
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