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.
3-11-07
USDJPY
A short trade was entered in the USDJPY on Friday at 1.1800 and was stopped out for a 10 pip loss. No long entry at 1.1677 since the low for the day was 1.1716. The USDJPY traded in a range between 1.1800 and 1.1830 for most of the afternoon on Friday. I will trade the 1.1800 to 1.1926 range for early next week.
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Forex Trading Based on Supply and Demand
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9:56 AM
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