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.
3-28-07
USDCHF
There were no trades entered yesterday in the USDCHF. The USDCHF reached a high of 1.2157 yesterday morning which was 3 pips short of my short entry limit order. I am planning to buy the pullback to support in the USDCHF at 1.2095 for today with a first target of 1.2130.
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Forex Trading Based on Supply and Demand
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1:02 AM
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