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.
4-24-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3550 that was exited at 1.3574 with a 10 pip trailing stop. The short trade was not entered. If the current candle closes above 1.3559, I will buy the first pullback to 1.3559 and trail the stop loss by 10 pips. The target is 1.3612 to exit and go flat.
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Forex Trading Based on Supply and Demand
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10:59 PM
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