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.
4-13-07
GBPUSD
There were no trades yesterday in the GBPUSD. The GBPUSD has pushed up to the 1.9820 resistance and is basing to go past it. I will buy the first pullback to 1.9826 if the GBPUSD rallies past this area. The target is 1.9900.
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Forex Trading Based on Supply and Demand
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4:38 AM
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