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.
3-14-07
GBPUSD
The long trade in the GBPUSD at 1.9280 was partially exited at the first target of 1.9320 and stopped out at even on the rest of the position. The currencies are all selling off and areas of demand are acting as speed bumps. I will short 1.9382 for my next trade.
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Forex Trading Based on Supply and Demand
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1:59 AM
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