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.
3-27-07
USDJPY
I apologize for a mistake in the last email. I meant to say I would trade the 1.1690 to 1.1800 range in my last email. There was a short trade entered in the USDJPY on Sunday at 1.1800 that was exited with a 10 pip trailing stop at 1.1790.
I plan to short 1.1928 for my next trade in the USDJPY.
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Forex Trading Based on Supply and Demand
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1:35 AM
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