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.
4-3-07
EURUSD
There was a long trade entered in the EURUSD on Sunday at 1.3345 that is open today. The stop loss has been moved to entry. The high since entry was 1.3382. If the EURUSD reaches 1.3367, the long trade will be closed and I will trade the 1.3320 to 1.3380 range for later today.
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Forex Trading Based on Supply and Demand
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3:54 AM
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