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.
4-3-07
USDCHF
There was a long trade entered in the USDCHF at 1.2125 on Monday morning that is still open. The target is 1.2214. Move the stop loss to 1.2154 to lock in 19 pips in case the USDCHF does not reach the target.
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Forex Trading Based on Supply and Demand
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3:56 AM
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