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.
3-6-07
USDJPY
The USDJPY long trade from 1.1635 was stopped out at entry on Monday. The USDJPY sold off to a low of 1.1514 and has rallied back to 1.1662. I will buy the first pullback to 1.1600 and sell at 1.1700. I will short the 1.1754 area.
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Forex Trading Based on Supply and Demand
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2:20 AM
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