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.
3-30-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3323. The stop loss has been moved to 1.3333 to lock in 10 pips. If the trade is stopped out, I will trade the 1.3310 to 1.3350 range for today. Use buy stops because none of the areas of support and resistance are fresh.
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Forex Trading Based on Supply and Demand
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1:03 AM
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