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.
4-6-07
USDCHF
There was no trades entered in the USDCHF yesterday. The USDCHF never rallied past the area of supply at 1.2213, so no long trade was entered at 1.2200. There is an area of support now at 1.2154 that has formed overnight. There is an area of supply at 1.2203. If you trade today with the NFP report due at 7:30 AM, those are the two areas to be aware of. I will pass since the areas are close to each other.
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Forex Trading Based on Supply and Demand
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1:29 AM
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