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.
4-12-07
GBPUSD
There was a long trade entered in the GBPUSD on the first pullback to 1.9466 that was closed at 1.9476. The GBPUSD rallied up to 1.9484 and then retreated to a low of 1.9722. I will trade the 1.9720 to 1.9820 range for today.
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Forex Trading Based on Supply and Demand
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4:28 AM
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