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.
4-11-07
USDCHF
There was a long trade entered in the USDCHF yesterday at 1.2166 that was stopped out with a 10 pip loss. The USDCHF sold off to a low of 1.2142. There is an area of demand at 1.2165 now with an area of supply at 1.2201, so I will pass on trading the USDCHF until the range opens a little.
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Forex Trading Based on Supply and Demand
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3:33 AM
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