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.
4-1-07
USDCHF
There was one trade entered on Friday in the USDCHF. Unfortunately, it was not the short trade at 1.2242 since the high was only 1.2238 for the day. A long trade at 1.2125 was entered with a buy stop and was stopped out for a 10 pip loss. The USDCHF traded to a low of 1.2084 and closed at 1.2153. I will trade the 1.2125 to 1.2214 range for today.
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Forex Trading Based on Supply and Demand
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3:05 PM
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