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.
3-16-07
USDCHF
No trades in the USDCHF yesterday. The USDCHF is in a daily area of demand and can turn suddenly. I will buy 1.2045 with a buy stop and a 10 pip stop loss. My first target will be 1.2087. Move the stop loss to entry if the first target is reached and trail the stop by 15 pips after entry on the first contract.
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Forex Trading Based on Supply and Demand
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4:40 AM
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