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.
4-29-07
4-29-07
EURUSD
There was a short trade entered in the EURUSD on Friday at 1.3635 that was closed with a 10 pip loss. The EURUSD made a new high and then sold back down to the 1.3605 breakout area. I will buy a pullback to 1.3623 for my next EURUSD trade.
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Forex Trading Based on Supply and Demand
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7:06 AM
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