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.
4-27-07
GBPUSD
The pullback long trade at 2.0030 was stopped out for a 10 pip loss yesterday morning. The GBPUSD is in weekly support and a long trade was opened at 1.9871 this morning.
The first target is 1.9900. Move the stop loss to entry at the first target.
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Forex Trading Based on Supply and Demand
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4:19 AM
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