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.
4-17-07
GBPUSD
There were no trades entered in the GBPUSD yesterday. The GBPUSD never reached the 1.9831 entry price. The GBPUSD touched $2.00 this morning. It may base near this level for a move higher. If the GBPUSD rallies past 1.9985 and a 60 minute candle closes above 1.9985, then I will buy the first pullback to 1.9985.
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Forex Trading Based on Supply and Demand
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2:48 AM
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