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.
3-1-07
USDCHF
The USDCHF pullback to 1.2191 long trade was stopped out for a 10 pip loss yesterday afternoon. The USDCHF sold off to a low of 1.2170. This morning, the USDCHF is trying to rally past 1.2200. I will trade the 1.2135 to 1.2280 range from the 240 chart for today.
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Forex Trading Based on Supply and Demand
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2:26 AM
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