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.
4-10-07
USDCHF
There was a short trade entered in the USDCHF at 1.2245 that was stopped out for a 10 pip loss on Monday. The USDCHF ran into the 1.2280 area of supply and then sold off to a low of 1.2193. I plan to trade the 1.2166 to 1.2259 range. Take a partial profit on a long trade at 1.2200 and move the stop loss to entry if the long trade happens first.
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Forex Trading Based on Supply and Demand
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4:01 AM
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