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.
4-20-07
GBPUSD
There was a long trade entered in the GBPUSD yesterday on the pullback to 1.9986. A partial profit will be taken at 200.80. Move the stop loss on the balance of the position to 2.0009.
Posted by
Forex Trading Based on Supply and Demand
at
1:45 AM
No comments:
Post a Comment