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.
4-4-07
GBPUSD
There was a long trade entered yesterday at 1.9733 that was closed at 1.9341 with a trailing stop. The high after entry was 1.9351. The reason for the exit was the length of time in the trade. I will buy the first pullback to 1.9692 for my next GBPUSD trade.
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Forex Trading Based on Supply and Demand
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4:13 AM
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