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.
3-22-07
USDJPY
The long position from Sunday which was entered at 1.1630 in the USDJPY was closed yesterday when the USDJPY spiked lower to 1.1714. I will trade the 1.1695 to 1.1778 range for today.
Posted by
Forex Trading Based on Supply and Demand
at
1:57 AM
No comments:
Post a Comment