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.
3-16-07
GBPUSD
The short trade in the GBPUSD was stopped out at 1.9365 yesterday on the balance of the position. The low after entry was 1.9314. I will buy the first pullback to 1.9420 for today. I will short 1.9500 if the GBPUSD touches it and reverses with a sell stop at 1.9498 once the GBPUSD trades above 1.9510.
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Forex Trading Based on Supply and Demand
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4:39 AM
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