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.
4-15-07
GBPUSD
There was a long trade entered in the GBPUSD on Friday at 1.9826 that was stopped out with a 10 pip loss. The GBPUSD spiked down to the 1.9800 area of demand and then rallied. I will buy a pullback to 1.9831 for my next GBPUSD long trade.
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Forex Trading Based on Supply and Demand
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2:36 AM
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