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.
4-15-07
EURUSD
There were 2 long trades entered in the EURUSD on Friday. Early on Friday morning, the EURUSD rallied past 1.3515 and pulled back for a long entry. The trade was exited at 1.3530 with a 10 pip trailing stop. The EURUSD spiked down to the 1.3494 support area later in the day for a second trade. This trade is currently open. If the EURUSD rallies past 1.3540, move the stop loss to 1.3527.
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Forex Trading Based on Supply and Demand
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2:37 AM
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