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.
3-13-07
USDJPY
There was a long entry in the USDJPY at 1.1800 on Sunday afternoon that was closed at 1.1838 with a trailing stop. The USDJPY has sold down to the 1.1700 area this morning. The range I will trade is the daily range which is 1.1660 for a long and 1.1800 for a short.
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Forex Trading Based on Supply and Demand
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3:18 AM
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