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.
3-4-07
USDCHF
There was a long entry in the USDCHF at 1.2240 that was stopped out for a 10 pip loss on Friday. Due to the increased selling pressure in the financial markets, we are seeing both dollar based currencies and non-dollar based currencies sell off in unison. I plan on trading from the weekly chart for the USDCHF which is 1.2039 for a long trade and 1.2316 for a short.
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Forex Trading Based on Supply and Demand
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12:40 AM
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