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.
3-29-07
GBPUSD
The balance of the position from the long trade from Monday's entry at 1.9626 was closed out at 1.9636 with the trailing stop early yesterday. A new long trade was entered at 1.9600 yesterday morning and that trade was closed at 1.9635 with a 15 pip trailing stop. If the GBPUSD can rally above 1.9650 and close above 1.9650, I will trade the 1.9650 to 1.9681 range for today. If not, I will trade the 1.9613 to 1.9681 range for today.
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Forex Trading Based on Supply and Demand
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2:58 AM
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