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.
3-30-07
GBPUSD
There was a long trade entered in the GBPUSD yesterday at 1.9613. A partial profit was taken at 1.9643 and the stop was moved to entry on the rest of the position. If the long trade is stopped out, I will trade the 1.9600 to 1.9680 range for today. Use buy stops because none of the areas of support and resistance are fresh.
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Forex Trading Based on Supply and Demand
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1:00 AM
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