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.
3-25-07
GBPUSD
There was a long trade entered on Friday in the GBPUSD on the pullback to 1.9587. A partial profit was taken at 1.9632 and the stop loss was moved to entry on the rest of the position. If the GBPUSD rallies past 1.9625, move the stop loss on the rest of the position to 1.9602. The next target will be 1.9690.
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Forex Trading Based on Supply and Demand
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9:47 AM
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