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.
3-16-07
USDJPY
No trades in USDJPY yesterday. Both the USDCHF and USDJPY are in daily areas of demand and can turn suddenly. I will go long at 1.1630 with a 10 pip stop loss and a first target of 1.1700.
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Forex Trading Based on Supply and Demand
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4:40 AM
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