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
GBPUSD
The long trade in the GBPUSD from the 1.9231 entry was closed yesterday at 1.9326. The GBPUSD sold off when it reached the 1.9430 area of supply. For today, I will trade the 1.9280 demand area for a long entry with a first target of 1.9320. The second target will be 1.9350.
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Forex Trading Based on Supply and Demand
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3:20 AM
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