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.
3-20-07
USDJPY
There was a long trade entered at 1.1630 on Sunday in the USDJPY. The first target was reached at 1.1700. Move the stop loss on the rest of the position to 1.1715. The next target is 1.1826. Move the stop loss to 1.1759 if the next target is reached.
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Forex Trading Based on Supply and Demand
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1:38 AM
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