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.
4-13-07
EURUSD
There was a short trade entered yesterday at 1.3500 yesterday that was closed at 1.3480 with a 10 pip trailing stop. The long entry at 1.3432 was never reached. The EURUSD is extending the range already today. If it pulls back to 1.3494, I will go long. If it rallies past 1.3515 and pulls back to that area, I will go long there. The target is 1.3580.
Posted by
Forex Trading Based on Supply and Demand
at
4:37 AM
No comments:
Post a Comment