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.
3-18-07
USDCHF
The long trade at 1.2045 was stopped out for a 10 pip loss after entry on Friday. The USDCHF traded as low as 1.2027 before finally reversing
to close at 1.2057. I will buy the first pullback to 1.2044. My first target will be 1.2111. Move the stop loss to entry if the first target is reached.
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Forex Trading Based on Supply and Demand
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9:31 AM
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